MAEMX : Victory Trivalent Emerging Markets Small-Cap Fund Class A

Fund Summary

The investment seeks long-term growth of capital. The adviser pursues the fund's investment objective by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies in emerging markets countries. Under normal circumstances, at least 80% of the fund's assets will be in securities of small-capitalization companies that are tied economically to emerging markets countries. In selecting emerging market small-capitalization investments for the fund, the adviser employs a bottom-up investment approach that emphasizes individual stock selection.