Mutual Funds

Compass Fund Name and CUSIP Changes Effective 11/9/2015


»Equity

  A C I
» Victory CEMP US 500 Volatility Wtd Index Fund CFLAX CFLCX CFLIX
» Victory CEMP US Small Cap Volatility Wtd Index Fund CHSAX CHSCX CHSIX
» Victory CEMP International Volatility Wtd Index Fund CTIAX CTICX CTIIX
» Victory CEMP Emerging Market Volatility Wtd Index Fund CMKAX CMKCX CMKIX

»Equity Long/Cash

  A C I
» Victory CEMP US 500 Enhanced Volatility Wtd Index Fund CUHAX CUHCX CUHIX
» Victory CEMP International Enhanced Volatility Wtd Index Fund CVHAX CVHCX CVHIX
» Victory CEMP US EQ Income Enhanced Volatility Wtd Index Fund CEAVX CECVX CEIVX

»Real Estate Long/Cash

  A C I
» Victory CEMP REC Enhanced Volatility Wtd Index Fund CWRAX CWRCX CWRIX

»Commodity

  A C I
» Victory CEMP Commodity Volatility Wtd Index Strategy Fund CCOAX CCOCX CCOIX

»Commodity Long/Cash

  A C I
» Victory CEMP Commodity Enhanced Volatility Wtd Index Strategy Fund CCNAX CCNCX CCNIX

»Equity Long/Short

  A C I
» Victory CEMP Long/Short Strategy Fund CHLAX CHLCX CHLIX

»Market Neutral

  A C I
» Victory CEMP Market Neutral Income Fund CBHAX CBHCX CBHIX

»Fixed Income Long/Cash

  A C I
» Victory CEMP Enhanced Fixed Income Fund CEBAX CEBCX CEBIX

»Fixed Income

  A C I
» Victory CEMP Ultra Short Term Fixed Income Fund COFAX N/A COFIX

»Multi-Asset Funds

  A C I
» Victory CEMP Multi-Asset Balanced Fund CTMAX CTMCX N/A
» Victory CEMP Multi-Asset Growth Fund LTGAX LTGCX N/A
» Victory CEMP Alternative Strategies Fund CAIAX CAICX N/A

There is no assurance that the Funds will achieve their investment objectives.

An investor should consider the fund's investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund's prospectus. To obtain a prospectus, please call 1-800.539.FUND (1.800.539.3863). Please read the prospectus carefully before investing.

The Funds are distributed by Victory Capital Advisers, Inc. ("VCA"), member FINRA and SIPC. Victory Capital Management Inc., an affiliate of VCA, is the investment advisor to the Funds and receives a fee from the Funds for its services.