1 Victory 500 Index Fund USPRX · Mutual fund $15.82B 0.15% $93.02 +0.87% $0.80 2 Victory Sycamore Established Value Fund Class R6 VEVRX · Mutual fund $15.32B 0.54% $50.72 +0.60% $0.30 3 VictoryShares Free Cash Flow ETF VFLO $11.02B 0.44% $53.88 +0.60% $0.32 4 Victory NASDAQ-100 Index Fund USNQX · Mutual fund $9.57B 0.42% $70.46 +0.92% $0.64 5 Victory Pioneer Fundamental Growth Y FUNYX · Mutual fund $6.43B 0.76% $36.22 +1.40% $0.50 6 Victory Pioneer Bond R6 PBFKX · Mutual fund $5.22B 0.36% $8.17 −0.12% $0.01 7 Victory Trivalent International Small-Cap CL A MISAX · Mutual fund $4.80B 1.35% $22.04 +0.55% $0.12 8 Victory Market Neutral Income Fund - Class A CBHAX · Mutual fund $3.28B 0.76% $9.31 −0.43% $0.04 9 Victory Cornerstone Moderately Aggressive Fund USCRX · Mutual fund $3.11B 1.08% $30.25 +0.53% $0.16 10 VictoryShares Core Intermediate Bond ETF UITB $2.65B 0.38% $45.35 −0.15% $0.07 11 VictoryShares Short-Term Bond ETF USTB $2.59B 0.34% $50.10 −0.06% $0.03 12 Victory Growth Fund USAAX · Mutual fund $2.40B 0.89% $41.83 +0.77% $0.32 13 VictoryShares Core Plus Bond ETF UBND $2.01B 0.45% $21.05 −0.19% $0.04 14 Victory Pioneer Equity Income Y PYEQX · Mutual fund $1.93B 0.80% $29.23 +0.79% $0.23 15 VictoryShares US Small Mid Cap Value Momentum ETF USVM $1.76B 0.29% $107.56 +0.54% $0.58 16 Victory World Equity Fund - Class A USWGX · Mutual fund $1.66B 1.36% $36.05 +0.73% $0.26 17 Victory Science & Technology Fund USSCX · Mutual fund $1.60B 0.96% $39.80 +0.96% $0.38 18 Victory Precious Metals and Minerals Fund USAGX · Mutual fund $1.27B 1.04% $54.65 +0.74% $0.40 19 VictoryShares WestEnd U.S. Sector ETF MODL $1.07B 0.49% $52.31 +0.62% $0.32 20 Victory Portfolios II - Victoryshares Free Cash Flow Growth ETF GFLW $1.02B 0.50% $33.21 +1.20% $0.40 — 21 Victory Growth and Tax Strategy Fund Shares USBLX · Mutual fund $922.27M 0.52% $31.27 +0.55% $0.17 22 Victory Mid-Cap Core Growth A MGOAX · Mutual fund $875.26M 1.28% $8.88 +1.49% $0.13 23 VictoryShares Small Cap Free Cash Flow ETF SFLO $831.02M 0.56% $38.92 +0.83% $0.32 24 VictoryShares US EQ Income Enhanced Volatility Wtd ETF CDC $725.07M 0.38% $75.42 +0.37% $0.28 25 Victory RS International Fund - Class A GUBGX · Mutual fund $689.13M 1.13% $20.14 +0.85% $0.17 26 Victory High Income Municipal Fund - Class Y HIMYX · Mutual fund $586.67M 0.55% $5.23 +0.38% $0.02 27 Victory Amt-Free Municipal Fund Class Y PBYMX · Mutual fund $559.81M 0.49% $11.35 +0.44% $0.05 28 VictoryShares US 500 Volatility Wtd ETF CFA $519.52M 0.39% $98.73 +0.74% $0.72 29 VictoryShares US 500 Enhanced Volatility Wtd ETF CFO $405.22M 0.39% $80.03 +0.52% $0.42 30 VictoryShares US Large Cap High Div Volatility Wtd ETF CDL $399.71M 0.39% $78.70 +0.36% $0.28 31 Victory RS Small Cap Growth Fund Class A RSEGX · Mutual fund $394.70M 1.40% $68.81 +0.67% $0.46 32 Victory CA Bond USCBX · Mutual fund $387.93M 0.50% $9.82 +0.31% $0.03 33 Victory Integrity Mid-Cap Value Fund MYIMX · Mutual fund $373.13M 0.75% $28.08 +0.72% $0.20 34 VictoryShares International Free Cash Flow Growth ETF GRIN $350.36M 1.06% $32.91 +0.64% $0.21 35 VictoryShares International Value Momentum ETF UIVM $345.00M 0.39% $77.54 +1.18% $0.91 36 Victory Pioneer Securitized Income Y SYFFX · Mutual fund $308.67M 0.65% $9.34 −0.11% $0.01 37 VictoryShares International Free Cash Flow ETF IFLO $286.99M 1.05% $36.53 +0.88% $0.32 38 VictoryShares US Value Momentum ETF ULVM $266.80M 0.25% $107.45 +0.71% $0.76 39 VictoryShares US Small Cap High Div Volatility Wtd ETF CSB $252.40M 0.40% $64.92 +0.36% $0.23 40 VictoryShares Emerging Markets Value Momentum ETF UEVM $251.85M 0.53% $60.07 +0.02% $0.01 41 Victory Investment Grade Convertible Fund Class A SBFCX · Mutual fund $236.10M 1.27% $18.42 +0.05% $0.01 42 VictoryShares Dividend Accelerator ETF VSDA $213.97M 0.40% $57.97 +0.25% $0.14 43 VictoryShares US Multi-Factor Minimum Volatility ETF VSMV $156.67M 0.42% $60.79 +0.90% $0.54 44 VictoryShares Corporate Bond ETF UCRD $146.27M 0.47% $20.87 +0.35% $0.07 45 Victory High Yield Fund - Class Y RSYYX · Mutual fund $113.42M 0.78% $5.37 +0.00% $0.00 46 VictoryShares WestEnd Economic Cycle Bond ETF BMDL $113.36M 0.56% $25.22 −0.04% $0.01 — 47 Victory Integrity Discovery Fund MMEYX · Mutual fund $91.71M 1.41% $67.14 +0.58% $0.39 48 VictoryShares WestEnd Global Equity ETF GLOW $69.52M 2.01% $34.85 +0.77% $0.26 49 VictoryShares Pioneer Asset-Based Inc ETF ABI $57.02M 0.87% $24.56 −0.26% $0.07 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 Victory US 500 Enhanced Volatility Wtd Index Fund CUHAX · Mutual fund $24.21M 1.01% $10.47 +0.10% $0.01 — 55 VictoryShares US Small Cap Volatility Wtd ETF CSA $20.14M 0.55% $66.16 +1.13% $0.74 — 56 VictoryShares THB Mid Cap ETF MDCP $1.36M 0.68% $26.83 +0.14% $0.04 —