Victory Target Managed Allocation Fund (Formerly USAA Target Managed Allocation Fund) — new fund registration

VICTORY PORTFOLIOS III registered fund series on Form 485APOS, filed 2023-04-28. Featured series: Victory Target Managed Allocation Fund (Formerly USAA Target Managed Allocation Fund).

Registration

Registrant / trust: VICTORY PORTFOLIOS III
CIK: 0000908695
Form: 485APOS
Filed: 2023-04-28
State of incorporation: DE
Accession: 0001683863-23-004417
Reported net assets: $172.4M

Series & classes (1)

Series	Class	Ticker	New
Victory Target Managed Allocation Fund (Formerly USAA Target Managed Allocation Fund)	Victory Target Managed Allocation Fund	UTMAX	—

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 0.70%
Management fee: 0.50%
Net expense ratio: 0.68%
Other expenses: 0.17%

Investment objective

The Victory Target Managed Allocation Fund (the Fund) seeks to maximize total return primarily through capital appreciation.

Advisers

Victory Capital Management Inc. (Advisor)