Victory Portfolios has filed a new prospectus for the Victory Integrity Small/Mid-Cap Value Fund, marking an important update in its investment offerings. This filing, dated October 30, 2026, is significant as it provides detailed information about the fund's investment objectives and associated fees. Such updates are crucial for investors looking to make informed decisions in a competitive investment landscape.

Victory Portfolios, an investment management firm based in Brooklyn, Ohio, focuses on providing a variety of fund options to meet investor needs. The firm was previously known as Society Funds, having changed its name in 1994. It operates under the Central Index Key (CIK) 0000802716 and has a fiscal year ending on October 31.

The recent filing, accession number 0001193125-26-441803, includes a summary prospectus for the Victory Integrity Small/Mid-Cap Value Fund. This fund aims to provide capital appreciation and outlines various share classes, including Class A, Class Y, Class R6, and others. Each class has different fee structures, which are clearly detailed in the prospectus.

According to the filing, the fund has a maximum sales charge of 5.75% for Class A shares, while Class R6 shares do not impose any sales charge. The management fee is set at 0.79% across several classes, with additional distribution and service fees applicable to certain classes. The total annual fund operating expenses vary, with Class A shares having an expense ratio of 1.42% before any fee waivers.

This update is likely to affect existing and potential investors in the fund, as it provides clarity on the costs associated with investing. The detailed fee structure aims to enhance transparency, helping investors understand what they will be paying for their investments. Such clarity is essential in an industry where fees can significantly impact overall returns.

Looking ahead, the filing does not specify any immediate next steps. However, investors can expect ongoing updates as the fund continues to adapt to market conditions and investor needs. The prospectus encourages potential investors to review the statutory prospectus and statement of additional information for more comprehensive details about the fund.