Victory Portfolios IV

10/03/2025 | Press release | Distributed by Public on 10/03/2025 15:19

Prospectus by Investment Company (Form 497)

October 3, 2025
Victory Pioneer Core Equity Fund
Supplement to the Summary Prospectus and Prospectus
each dated March 31, 2025, as in effect and as may be amended from time to time
The following information is effective as of November 1, 2025.
The following replaces similar information under the heading "Principal Investment Strategies" in the section entitled "Fund Summary":
The Adviser uses a quality and valuation-conscious approach to select the Fund's investments. The Adviser selects securities it believes are selling at reasonable prices or substantial discounts to their underlying values. A security may be sold if the Adviser's assessment of company fundamentals deteriorates or the security price reaches its valuation target.
The Adviser evaluates a security's potential value based on the company's quality, growth, risk, and prospects for future economic profit growth. In making that assessment, the Adviser employs due diligence and fundamental research, and evaluates the issuer based on its financial statements and operations. The Adviser focuses on the quality and price of individual issuers, not on market-timing strategies.
The following replaces similar information under the heading "Principal Investment Strategies" in the section entitled "Additional Fund Information":
The Adviser uses a quality and valuation-conscious approach to select the Fund's investments. The Adviser selects securities it believes are selling at reasonable prices or substantial discounts to their underlying values. A security may be sold if the Adviser's assessment of company fundamentals deteriorates or the security price reaches its valuation target.
The Adviser evaluates a security's potential value based on the company's quality, growth, risk, and prospects for future economic profit growth. In making that assessment, the Adviser employs due diligence and fundamental research, and evaluates the issuer based on its financial statements and operations. The Adviser focuses on the quality and price of individual issuers, not on market-timing strategies.
Factors for selecting investments include:
◼
Favorable expected economic returns relative to perceived risk
◼
Above average potential for economic profit growth
◼
Attractive market valuations relative to the Adviser's estimate of the issuer's intrinsic value
◼
A sustainable competitive advantage, such as a brand name, customer base, proprietary technology or economies of scale.
34222-00-1025
October 3, 2025
Victory Pioneer Disciplined Growth Fund
Supplement to the Summary Prospectus and Prospectus
each dated March 31, 2025, as in effect and as may be amended from time to time
The following information is effective as of November 1, 2025.
The following replaces similar information under the heading "Principal Investment Strategies" in the section entitled "Fund Summary":
The Adviser uses a valuation-conscious approach to select the Fund's investments. The Adviser assesses whether a company's fundamentals - financial condition, management, and position in its industry - indicate strong prospects for growth and attractive valuations. The Adviser employs a growth-oriented approach to construct the portfolio, emphasizing those securities believed to have attractive prospects for earnings and revenue growth. The Adviser generally sells a portfolio security based upon the same criteria it uses to select securities.
The following replaces similar information under the heading "Principal Investment Strategies" in the section entitled "Additional Fund Information":
The Adviser uses a valuation-conscious approach to select the Fund's investments. The Adviser assesses whether a company's fundamentals - financial condition, management, and position in its industry - indicate strong prospects for growth and attractive valuations. The Adviser employs a growth-oriented approach to construct the Fund's portfolio, emphasizing those securities believed to have attractive prospects for earnings and revenue growth. The Adviser generally sells a portfolio security based upon the same criteria it uses to select securities
As part of its initial assessment, the Adviser evaluates a security's potential value based on the company's assets and prospects for earnings growth. In making that assessment, the Adviser employs a disciplined stock valuation approach combined with fundamental research, and an evaluation of the issuer based on its financial statements and operations. The Adviser focuses on the quality and price of individual issuers, not on economic sector or market-timing strategies. Factors for selecting investments include:
◼
Favorable expected returns relative to perceived risk
◼
Above average potential for earnings and revenue growth
◼
Low market valuations relative to earnings forecast, book value, cash flow and sales
◼
A sustainable competitive advantage, such as a brand name, customer base, proprietary technology or economies of scale
34223-00-1025
October 3, 2025
Victory Pioneer Disciplined Value Fund
Supplement to the Summary Prospectus and Prospectus
each dated March 31, 2025, as in effect and as may be amended from time to time
The following information is effective as of November 1, 2025.
The following replaces similar information under the heading "Principal Investment Strategies" in the section entitled "Fund Summary":
The Adviser uses a valuation-conscious approach to select the Fund's investments. The Adviser assesses whether a company's fundamentals - financial condition, management, and position in its industry - indicate strong prospects for growth and attractive valuations. The Adviser employs a value-oriented approach to construct the Fund's portfolio, emphasizing those securities believed to be selling at reasonable prices versus the underlying values. The Adviser generally sells a portfolio security based upon the same criteria it uses to select securities.
The following replaces similar information under the heading "Principal Investment Strategies" in the section entitled "Additional Fund Information":
The Adviser uses a valuation-conscious approach to select the Fund's investments. The Adviser assesses whether a company's fundamentals - financial condition, management, and position in its industry - indicate strong prospects for growth and attractive valuations. The Adviser employs a value-oriented approach to construct the portfolio, emphasizing those securities believed to be selling at reasonable prices versus underlying values. The Adviser generally sells a portfolio security based upon the same criteria it uses to select securities.
As part of its initial assessment, the Adviser evaluates a security's potential value based on the company's assets and prospects for earnings growth. In making that assessment, the Adviser employs a disciplined stock valuation approach combined with fundamental research, and an evaluation of the issuer based on its financial statements and operations. The Adviser focuses on the quality and price of individual issuers, not on economic sector or market-timing strategies. Factors for selecting investments include:
◼
Favorable expected returns relative to perceived risk
◼
Above average potential for earnings and revenue growth
◼
Low market valuations relative to earnings forecast, book value, cash flow and sales
◼
A sustainable competitive advantage, such as a brand name, customer base, proprietary technology or economies of scale
34224-00-1025

Victory Portfolios IV published this content on October 03, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 03, 2025 at 21:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]