1 Victory 500 Index Fund Member Shares USSPX · Mutual fund $15.49B 0.23% $92.96 +0.68% $0.63 2 Victory Sycamore Established Value Fund Class I VEVIX · Mutual fund $13.81B 0.58% $51.70 +0.33% $0.17 3 VictoryShares Free Cash Flow ETF VFLO $12.26B 0.44% $53.84 −1.32% $0.72 4 Victory NASDAQ-100 Index Fund USNQX · Mutual fund $9.62B 0.42% $70.22 +1.09% $0.76 5 Victory Pioneer Fundamental Growth Y FUNYX · Mutual fund $6.20B 0.76% $36.67 +0.60% $0.22 6 Victory Pioneer Bond Y PICYX · Mutual fund $4.99B 0.47% $8.05 +0.12% $0.01 7 Victory Trivalent International Small-Cap CL A MISAX · Mutual fund $4.43B 1.35% $20.85 +0.53% $0.11 8 Victory Market Neutral Income Fund - Class A CBHAX · Mutual fund $3.70B 0.76% $9.34 −0.74% $0.07 9 Victory Cornerstone Moderately Aggressive Fund USCRX · Mutual fund $2.98B 1.08% $29.67 +0.30% $0.09 10 VictoryShares Short-Term Bond ETF USTB $2.76B 0.34% $50.05 +0.06% $0.03 11 VictoryShares Core Intermediate Bond ETF UITB $2.64B 0.38% $45.34 +0.04% $0.02 12 Victory Growth Fund USAAX · Mutual fund $2.46B 0.89% $41.36 +1.03% $0.42 13 VictoryShares Core Plus Bond ETF UBND $1.96B 0.45% $20.98 +0.12% $0.02 14 Victory Pioneer Equity Income Y PYEQX · Mutual fund $1.92B 0.80% $29.13 +0.07% $0.02 15 VictoryShares US Small Mid Cap Value Momentum ETF USVM $1.81B 0.29% $105.87 +0.46% $0.49 16 Victory Science & Technology Fund USSCX · Mutual fund $1.63B 0.96% $38.67 +1.12% $0.43 17 Victory World Equity Fund - Class A USWGX · Mutual fund $1.61B 1.36% $35.56 +0.57% $0.20 18 Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF GFLW $1.13B 0.50% $32.50 +1.04% $0.34 19 Victory Precious Metals and Minerals Fund USAGX · Mutual fund $1.09B 1.04% $46.08 +0.83% $0.38 20 VictoryShares WestEnd U.S. Sector ETF MODL $1.07B 0.49% $52.87 +0.83% $0.43 21 Victory Growth and Tax Strategy Fund Shares USBLX · Mutual fund $902.11M 0.52% $31.21 +0.42% $0.13 22 VictoryShares Small Cap Free Cash Flow ETF SFLO $885.28M 0.56% $39.86 −0.94% $0.38 23 Victory Mid-Cap Core Growth A MGOAX · Mutual fund $858.50M 1.28% $8.81 +1.15% $0.10 24 VictoryShares US EQ Income Enhanced Volatility Wtd ETF CDC $737.76M 0.38% $76.60 −0.27% $0.20 25 Victory RS International Fund - Class A GUBGX · Mutual fund $708.53M 1.13% $19.37 +0.36% $0.07 26 Victory Amt-Free Municipal Fund Class Y PBYMX · Mutual fund $551.42M 0.49% $11.18 +0.00% $0.00 27 VictoryShares Pioneer Asset-Based Inc ETF ABI $544.32M 0.87% $24.59 −0.06% $0.01 28 VictoryShares US 500 Volatility Wtd ETF CFA $530.34M 0.39% $100.34 −0.02% $0.02 29 Victory High Income Municipal Fund - Class Y HIMYX · Mutual fund $518.29M 0.55% $5.27 +0.00% $0.00 30 VictoryShares US 500 Enhanced Volatility Wtd ETF CFO $409.61M 0.39% $81.34 −0.01% $0.01 31 VictoryShares US Large Cap High Div Volatility Wtd ETF CDL $404.79M 0.39% $79.91 −0.26% $0.21 32 Victory Integrity Mid-Cap Value Fund MYIMX · Mutual fund $384.00M 0.75% $28.35 +0.32% $0.09 33 Victory CA Bond USCBX · Mutual fund $353.03M 0.50% $9.77 +0.00% $0.00 34 Victory RS Small Cap Growth Fund Class A RSEGX · Mutual fund $344.45M 1.40% $66.85 +0.38% $0.25 35 VictoryShares International Free Cash Flow Growth ETF GRIN $341.59M 1.06% $31.44 +1.47% $0.45 36 VictoryShares International Value Momentum ETF UIVM $326.23M 0.39% $73.39 +0.39% $0.28 37 Victory Pioneer Securitized Income Y SYFFX · Mutual fund $307.01M 0.65% $9.28 −0.11% $0.01 38 VictoryShares International Free Cash Flow ETF IFLO $298.74M 1.05% $36.05 −0.17% $0.06 39 VictoryShares US Value Momentum ETF ULVM $265.05M 0.25% $106.59 +0.23% $0.24 40 VictoryShares US Small Cap High Div Volatility Wtd ETF CSB $239.91M 0.40% $65.06 +0.13% $0.08 41 VictoryShares Emerging Markets Value Momentum ETF UEVM $235.72M 0.53% $56.61 +0.90% $0.50 42 VictoryShares Dividend Accelerator ETF VSDA $223.25M 0.40% $59.31 −0.27% $0.16 43 Victory Investment Grade Convertible Fund Class A SBFCX · Mutual fund $221.77M 1.27% $17.78 +0.17% $0.03 44 VictoryShares US Multi-Factor Minimum Volatility ETF VSMV $162.54M 0.42% $62.44 −0.41% $0.26 45 VictoryShares Corporate Bond ETF UCRD $145.44M 0.47% $20.79 +0.17% $0.04 46 VictoryShares WestEnd Economic Cycle Bond ETF BMDL $113.36M 0.56% $25.22 −0.04% $0.01 — 47 Victory High Yield Fund - Class Y RSYYX · Mutual fund $108.59M 0.78% $5.22 +0.19% $0.01 48 Victory Integrity Discovery Fund MMEYX · Mutual fund $89.76M 1.41% $66.15 +0.67% $0.44 49 VictoryShares WestEnd Global Equity ETF GLOW $77.16M 2.01% $34.53 +0.79% $0.27 50 VictoryShares Hedged Equity Income ETF HEJD $37.51M 0.92% $27.42 +0.05% $0.01 — 51 Victory RS Small Cap Equity Fund RSCYX · Mutual fund $31.37M — $9.05 +0.00% $0.00 — 52 VictoryShares International Volatility Wtd ETF CIL $31.30M 0.60% $56.91 +0.14% $0.08 — 53 VictoryShares US Discovery Enhanced Volatility Wtd ETF CSF $25.66M 0.53% $51.03 +0.28% $0.14 — 54 VictoryShares Short-Duration Municipal ETF VMSD $24.66M 0.62% $25.33 −0.03% $0.01 55 Victory US 500 Enhanced Volatility Wtd Index Fund CUHAX · Mutual fund $24.21M 1.01% $10.47 +0.10% $0.01 — 56 VictoryShares Municipal High Yield ETF VMHY $24.17M 0.77% $25.49 −0.20% $0.05 57 VictoryShares US Small Cap Volatility Wtd ETF CSA $20.14M 0.55% $66.16 +1.13% $0.74 — 58 VictoryShares THB Mid Cap ETF MDCP $1.36M 0.68% $26.83 +0.14% $0.04 —