All investing involves risk, including potential loss of principal.

Victory Funds and the USAA 529 Education Savings Plan (Plan) are distributed by Victory Capital Services, Inc. (VCS). VictoryShares ETFs are distributed by Foreside Fund Services, LLC (Foreside). VCS is not affiliated with Foreside or USAA. USAA and the USAA 529 Education Savings Plan logo are trademarks of United Services Automobile Association and are being used under license.

Please seek independent tax and/or legal advice regarding your particular circumstancesbefore making any investment decisions. Victory Capital does not provide tax or legal advice. VCS will provide you an investment recommendation at no charge to you. You are not obligated to follow any recommendation we provide you. If you do implement a recommendation you may incur initial fees such as commissions or sales charges. You may also pay ongoing fees such as fund management fees and operating expenses.

Carefully consider the investment objectives, risks, charges and expenses of the USAA 529 Education Savings Plan (Plan) before investing. Visit vcm.com/prospectus for a Plan Description and Participation Agreement containing this and other information about the Plan from Victory Capital Services, Inc., Underwriter and Distributor. Read it carefully before investing.

The Plan is sponsored by the state of Nevada, acting through the Trustees of the College Savings Plans of Nevada. Interests in the Plan are municipal fund securities issued by the Nevada College Savings Trust Fund. Anyone may invest in the Plan and use the proceeds for qualified education expenses in any state. Before investing, consider whether any 529 plan offered by your home state or your beneficiary's home state offers state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that may not be available through the Plan. Federal and state tax benefits may be conditioned on meeting certain requirements. If you withdraw money from the Plan for something other than qualified education expenses, you will owe federal income tax and may face a 10% federal tax penalty on earnings as well as state and local taxes. Consult a tax advisor.

Automatic investment plans don't assure a profit or protect against loss in declining markets.

Not FDIC Insured • May Lose Value • No Bank Guarantee