Victory Portfolios II has filed a new prospectus for its VictoryShares Emerging Markets Value Momentum ETF, which will take effect on November 1, 2026. This development is significant as it outlines the fund's investment objectives and operational details, catering to investors interested in emerging markets.

Victory Portfolios II, an investment company incorporated in Delaware, focuses on providing investment products that align with market trends. The company has recently filed multiple forms, including a 485BPOS and a 497K, indicating active management and updates to its offerings. The latest filing, dated October 30, 2026, is part of a series of updates that reflect the company's commitment to transparency and investor communication.

The filing states, "Before you invest, you may want to review the Fund’s Statutory Prospectus and Statement of Additional Information, both of which are dated November 1, 2026, and are incorporated by reference into this Summary Prospectus, as they each contain more information about the Fund and its risks." This emphasizes the importance of informed investing, particularly in a sector as dynamic as emerging markets.

The new prospectus outlines the fund's objective to closely correspond with the performance of the Nasdaq Victory Emerging Market Value Momentum Index. It aims to achieve this by investing at least 80% of its net assets in securities that are part of this index. This strategy may appeal to investors looking for exposure to value and momentum factors in emerging markets, which are often characterized by higher growth potential.

Victory Portfolios II's filing also details the fund's fees and expenses, which are critical for investors assessing the cost of their investments. The management fee is set at 0.30%, with total annual operating expenses amounting to 0.48%. Notably, the company has agreed to a fee waiver that will keep total annual expenses at or below 0.45% through at least October 31, 2027. This commitment to keeping costs low may enhance the fund's attractiveness in a competitive market.

The filing indicates that as of September 30, 2026, the index included 173 securities from various emerging market countries, such as Brazil, China, and India. This diversification across multiple economies could provide investors with a balanced exposure to growth opportunities in the emerging market sector.

Looking ahead, Victory Portfolios II's next steps will likely involve ongoing communication with investors regarding the fund's performance and any adjustments to its strategy. The company appears poised to capitalize on the growing interest in emerging markets, which could be beneficial for both the firm and its investors.