Victory Capital Ranked No. 2 in Barron’s Best Fund Families of 2022

Consider the investment objectives, risks, charges and expenses of the funds and the USAA 529 Education Savings Plan (Plan) carefully before investing. Download a prospectus or summary prospectus for the Mutual Funds or download a prospectus or summary prospectus for the ETFs, containing this and other important information. Download a Plan Description and Participation Agreement containing this and other important information about the Plan from Victory Capital Services, Inc., Underwriter and Distributor. Read it carefully before investing. You should compare the Plan with any 529 Plan offered by your home state or your beneficiary’s home state and consider, before investing, any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in the home state’s plan.  

All investing involves risk, including the potential loss of principal.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

Barron’s ranked Victory Capital Management Inc. 2nd out of 49 firms for the one-year period ended December 31, 2022, and ranked 26th in the five-year period out of 49 firms, and 27th out of 47 firms for the 10-year period ended December 31, 2022. Barron’s ranked USAA Investments 26th out of 49 fund families overall for the one-year period ended December 31, 2022. Victory Capital Management Inc. ranked 8th overall out of 51 fund families for the one-year period ended December 31, 2021; 49th out of 53 firms for the one-year period ended December 31, 2020; 17th out of 55 firms for the one-year period ended December 31, 2019; 9th out of 57 firms for the one-year period ended December 31, 2018; 10th out of 58firms for the one-year period ended December 31, 2017; 21st out of 61 firms for the one-year period ended December 31, 2016; 25th out of 67 firms for the one-year period ended December 31, 2015; and 15th out of 65 firms for the one-year period ended December 31, 2014.

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Victory Capital means Victory Capital Management Inc., the investment adviser of the Victory Capital mutual funds, USAA Mutual Funds, VictoryShares ETFs, VictoryShares USAA ETFs, and USAA 529 Education Savings Plan (Plan). Victory Capital mutual funds, USAA Mutual Funds, and the Plan are distributed by Victory Capital Services, Inc. (VCS), an affiliate of Victory Capital. VictoryShares ETFs and VictoryShares USAA ETFs are distributed by Foreside Fund Services, LLC (Foreside). VCS and Foreside are members of FINRA. VCS and Victory Capital are not affiliated with Foreside. USAA is not affiliated with Foreside, Victory Capital, or VCS. USAA and the USAA logos are registered trademarks and the USAA Mutual Funds, USAA Investments, and the Plan logos are trademarks of United Services Automobile Association and are being used by Victory Capital and its affiliates under license. 

Not FDIC insured • No bank guarantee •  May lose value