Liquidation: Victory Portfolios IV

Form Type: 497

Filing Date: 2025-05-23

Corporate Action: Liquidation

Type: New

Accession Number: 000168386325004827

Filing Summary: Victory Portfolios IV has announced the liquidation of three mutual funds: Victory Pioneer Global Value Fund, Victory Pioneer Global Growth Fund, and Victory Pioneer Intrinsic Value Fund. The Trustees have authorized the liquidation of these funds, expected to occur on or about July 25, 2025. Effective May 23, 2025, the funds will stop accepting new account requests for share purchases and exchanges. Requests from existing accounts for share purchases will cease on July 18, 2025. Shareholders can redeem shares any time until liquidation, with proceeds based on the net asset value after the funds settle all expenses and liabilities. Automatic redemptions will occur on the Liquidation Date, which could trigger income tax obligations for shareholders. Shareholders can exchange shares for similar classes in other Victory Pioneer funds before liquidation. If they opt for cash distributions, there are potential tax considerations for distributions from retirement accounts, along with rollover options within specified periods.

Form Type: 497K

Filing Date: 2025-05-23

Corporate Action: Liquidation

Type: New

Accession Number: 000168386325004828

Filing Summary: The Trustees of the Victory Pioneer Intrinsic Value Fund have authorized the liquidation of the fund, which is anticipated to occur on or about July 25, 2025. The fund will stop accepting new accounts and share purchasing requests as of the close of business on May 23, 2025, and will stop accepting requests from existing accounts by July 18, 2025. Shareholders are permitted to redeem their shares at any time before the liquidation, and automatic redemptions will occur on the Liquidation Date, paying out the net asset value of the shares after expenses. The liquidation may result in income tax liabilities for shareholders and could impact the fund's investment objectives due to a potential shift in asset allocation towards cash and short-term debt securities prior to liquidation. Shareholders holding the fund's shares through an individual retirement account can arrange exchanges or will face distributions that may have tax implications. Consult a tax adviser for guidance.

Form Type: 497K

Filing Date: 2025-05-23

Corporate Action: Liquidation

Type: New

Accession Number: 000168386325004829

Filing Summary: The Trustees of the Victory Pioneer Global Value Fund have authorized the liquidation of the fund, anticipated to occur on or about July 25, 2025. Effective May 23, 2025, the fund will stop accepting new requests for accounts to purchase shares or process exchanges. Existing accounts will also be restricted from purchasing shares or making exchanges after July 18, 2025. Until the liquidation date, shares bought through certain methods will still be processed, and additional investments may be accepted from employer-sponsored retirement plans. The fund’s assets may be moved into cash and similar low-maturity securities prior to liquidation, which could affect its investment goals. Shareholders can redeem shares before the liquidation and may exchange shares for those of another Victory Pioneer fund. Shares remaining on the liquidation date will be automatically redeemed at net asset value after all obligations are settled, with proceeds mailed to shareholders. This liquidation may incur tax liabilities for shareholders, as redemptions are treated as sales for tax purposes. Specific rollover options for retirement accounts are mentioned, along with tax advisements regarding distributions.

Form Type: 497K

Filing Date: 2025-05-23

Corporate Action: Liquidation

Type: New

Accession Number: 000168386325004830

Filing Summary: The Trustees of the Victory Pioneer Global Growth Fund have authorized the liquidation of the fund, which is anticipated to occur on or about July 25, 2025. As of May 23, 2025, the fund will stop accepting new account purchases and exchanges. Existing accounts will also be restricted from making transactions after July 18, 2025. Shares purchased via dividend reinvestment and certain automatic investments will be processed until the Liquidation Date, and further investments may be allowed from established employer-sponsored retirement plans. The fund's assets may be invested in cash and short-term securities prior to liquidation, which could hinder meeting its financial goals. Shareholders can redeem shares anytime before liquidation or exchange them for shares of any other Victory Pioneer fund in the same class. Shares remaining at the Liquidation Date will be automatically redeemed at net asset value, with funds distributed by check to shareholders' addresses. This liquidation may have tax implications for shareholders, treated as a sale for tax purposes. There's a provision for rollovers regarding traditional IRAs for any distributions received.