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Victory Portfolios II, et al. – ‘485BPOS’ on 10/26/21 – ‘XML’

On:  Tuesday, 10/26/21, at 4:06pm ET   ·   Effective:  11/1/21   ·   Accession #:  1683863-21-6108   ·   File #s:  811-22696, 333-181176

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/26/21  Victory Portfolios II             485BPOS    11/01/21  159:23M                                    Donn… Fin’l/ArcFiling/FAVictoryShares Core Intermediate Bond ETF formerly VictoryShares USAA Core Intermediate-Term Bond ETF VictoryShares Core Intermediate Bond ETF (UITB)VictoryShares Developed Enhanced Volatility Wtd ETF CIZVictoryShares Dividend Accelerator ETF VSDAVictoryShares Emerging Market High Div Volatility Wtd ETF CEYVictoryShares Emerging Markets Value Momentum ETF formerly VictoryShares USAA MSCI Emerging Markets Value Momentum ETF UEVMVictoryShares International High Div Volatility Wtd ETF CIDVictoryShares International Value Momentum ETF formerly VictoryShares USAA MSCI International Value Momentum ETF UIVMVictoryShares International Volatility Wtd ETF CILVictoryShares Nasdaq Next 50 ETF QQQNVictoryShares Short-Term Bond ETF formerly VictoryShares USAA Core Short-Term Bond ETF VictoryShares Short-Term Bond ETF (USTB)VictoryShares US 500 Enhanced Volatility Wtd ETF CFOVictoryShares US 500 Volatility Wtd ETF CFAVictoryShares US Discovery Enhanced Volatility Wtd ETF CSFVictoryShares US EQ Income Enhanced Volatility Wtd ETF CDCVictoryShares US Large Cap High Div Volatility Wtd ETF CDLVictoryShares US Multi-Factor Minimum Volatility ETF VSMVVictoryShares US Small Cap High Div Volatility Wtd ETF CSBVictoryShares US Small Cap Volatility Wtd ETF CSAVictoryShares US Small Mid Cap Value Momentum ETF formerly VictoryShares USAA MSCI USA Small Cap Value Momentum ETF USVMVictoryShares US Value Momentum ETF formerly VictoryShares USAA MSCI USA Value Momentum ETF ULVM

Post-Effective Amendment of a Form N-1 or N-1A Registration   —   Rule 485(b)

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Post-Effective Amendment of a Form N-1 or N-1A      HTML   3.44M 
                Registration                                                     
 7: EX-99.(E)(1)(I)  Ex-99.(E)(1)(B) Vpii Change of Control         HTML     41K 
 8: EX-99.(H)(3)(C)  EX-99.(H)(3)(C) Vpii Fis Amend to Ta Agmt      HTML     51K 
 9: EX-99.(H)(3)(D)  Ex-99.(H)(3)(D)Vpii Ta Amendment               HTML     51K 
10: EX-99.(J)(1)  Ex-99(J)(1)Sidley Consent                         HTML     38K 
11: EX-99.(J)(2)  EX-99.(J)(2) Vpii Vs Ets Cohen Consent            HTML     42K 
12: EX-99.(M)(1)(B)  EX-99.(M)(1)(B) Vpii Cl A 12B-1 Plan Ex A      HTML     44K 
                12-20                                                            
13: EX-99.(M)(2)(B)  EX-99.(M)(2)(B) Vpii Cl C 12B-1 Plan Ex A      HTML     45K 
                12-20                                                            
14: EX-99.(M)(3)(A)  EX-99.(M)(3)(A) Vpii Vs Etfs 12B-1 Plan Amend  HTML     67K 
16: R1          Document and Entity Information                     HTML    119K 
17: R2          Risk/Return Summary- VictoryShares US 500           HTML     95K 
                Volatility Wtd ETF                                               
18: R3          Shareholder Fees                                    HTML     42K 
19: R4          Annual Fund Operating Expenses                      HTML     54K 
20: R5          Expense Example                                     HTML     37K 
21: R6          Annual Total Returns[BarChart]                      HTML     37K 
22: R7          Average Annual Total Returns                        HTML     40K 
23: R8          Risk/Return Detail Data- VictoryShares US 500       HTML    211K 
                Volatility Wtd ETF                                               
24: R9          Risk/Return Summary- VictoryShares US Small Cap     HTML     96K 
                Volatility Wtd ETF                                               
25: R10         Shareholder Fees                                    HTML     42K 
26: R11         Annual Fund Operating Expenses                      HTML     54K 
27: R12         Expense Example                                     HTML     37K 
28: R13         Annual Total Returns[BarChart]                      HTML     37K 
29: R14         Average Annual Total Returns                        HTML     40K 
30: R15         Risk/Return Detail Data- VictoryShares US Small     HTML    210K 
                Cap Volatility Wtd ETF                                           
31: R16         Risk/Return Summary- VictoryShares International    HTML     99K 
                Volatility Wtd ETF                                               
32: R17         Shareholder Fees                                    HTML     42K 
33: R18         Annual Fund Operating Expenses                      HTML     54K 
34: R19         Expense Example                                     HTML     37K 
35: R20         Annual Total Returns[BarChart]                      HTML     37K 
36: R21         Average Annual Total Returns                        HTML     40K 
37: R22         Risk/Return Detail Data- VictoryShares              HTML    213K 
                International Volatility Wtd ETF                                 
38: R23         Risk/Return Summary- VictoryShares US Large Cap     HTML     95K 
                High Div Volatility Wtd ETF                                      
39: R24         Shareholder Fees                                    HTML     42K 
40: R25         Annual Fund Operating Expenses                      HTML     54K 
41: R26         Expense Example                                     HTML     37K 
42: R27         Annual Total Returns[BarChart]                      HTML     37K 
43: R28         Average Annual Total Returns                        HTML     40K 
44: R29         Risk/Return Detail Data- VictoryShares US Large     HTML    209K 
                Cap High Div Volatility Wtd ETF                                  
45: R30         Risk/Return Summary- VictoryShares US Small Cap     HTML     97K 
                High Div Volatility Wtd ETF                                      
46: R31         Shareholder Fees                                    HTML     42K 
47: R32         Annual Fund Operating Expenses                      HTML     54K 
48: R33         Expense Example                                     HTML     37K 
49: R34         Annual Total Returns[BarChart]                      HTML     37K 
50: R35         Average Annual Total Returns                        HTML     40K 
51: R36         Risk/Return Detail Data- VictoryShares US Small     HTML    211K 
                Cap High Div Volatility Wtd ETF                                  
52: R37         Risk/Return Summary- VictoryShares International    HTML     99K 
                High Div Volatility Wtd ETF                                      
53: R38         Shareholder Fees                                    HTML     42K 
54: R39         Annual Fund Operating Expenses                      HTML     54K 
55: R40         Expense Example                                     HTML     37K 
56: R41         Annual Total Returns[BarChart]                      HTML     37K 
57: R42         Average Annual Total Returns                        HTML     40K 
58: R43         Risk/Return Detail Data- VictoryShares              HTML    212K 
                International High Div Volatility Wtd ETF                        
59: R44         Risk/Return Summary- VictoryShares Emerging Market  HTML    103K 
                High Div Volatility Wtd ETF                                      
60: R45         Shareholder Fees                                    HTML     42K 
61: R46         Annual Fund Operating Expenses                      HTML     54K 
62: R47         Expense Example                                     HTML     37K 
63: R48         Annual Total Returns[BarChart]                      HTML     37K 
64: R49         Average Annual Total Returns                        HTML     39K 
65: R50         Risk/Return Detail Data- VictoryShares Emerging     HTML    208K 
                Market High Div Volatility Wtd ETF                               
66: R51         Risk/Return Summary- VictoryShares Dividend         HTML     96K 
                Accelerator ETF                                                  
67: R52         Shareholder Fees                                    HTML     42K 
68: R53         Annual Fund Operating Expenses                      HTML     54K 
69: R54         Expense Example                                     HTML     37K 
70: R55         Annual Total Returns[BarChart]                      HTML     37K 
71: R56         Average Annual Total Returns                        HTML     39K 
72: R57         Risk/Return Detail Data- VictoryShares Dividend     HTML    201K 
                Accelerator ETF                                                  
73: R58         Risk/Return Summary- VictoryShares US Multi-Factor  HTML     97K 
                Minimum Volatility ETF                                           
74: R59         Shareholder Fees                                    HTML     42K 
75: R60         Annual Fund Operating Expenses                      HTML     54K 
76: R61         Expense Example                                     HTML     37K 
77: R62         Annual Total Returns[BarChart]                      HTML     37K 
78: R63         Average Annual Total Returns                        HTML     39K 
79: R64         Risk/Return Detail Data- VictoryShares US           HTML    202K 
                Multi-Factor Minimum Volatility ETF                              
80: R65         Risk/Return Summary- VictoryShares US 500 Enhanced  HTML    102K 
                Volatility Wtd ETF                                               
81: R66         Shareholder Fees                                    HTML     42K 
82: R67         Annual Fund Operating Expenses                      HTML     54K 
83: R68         Expense Example                                     HTML     37K 
84: R69         Annual Total Returns[BarChart]                      HTML     37K 
85: R70         Average Annual Total Returns                        HTML     40K 
86: R71         Risk/Return Detail Data- VictoryShares US 500       HTML    219K 
                Enhanced Volatility Wtd ETF                                      
87: R72         Risk/Return Summary- VictoryShares US EQ Income     HTML    103K 
                Enhanced Volatility Wtd ETF                                      
88: R73         Shareholder Fees                                    HTML     42K 
89: R74         Annual Fund Operating Expenses                      HTML     56K 
90: R75         Expense Example                                     HTML     37K 
91: R76         Annual Total Returns[BarChart]                      HTML     37K 
92: R77         Average Annual Total Returns                        HTML     40K 
93: R78         Risk/Return Detail Data- VictoryShares US EQ        HTML    222K 
                Income Enhanced Volatility Wtd ETF                               
94: R79         Risk/Return Summary- VictoryShares US Discovery     HTML    103K 
                Enhanced Volatility Wtd ETF                                      
95: R80         Shareholder Fees                                    HTML     42K 
96: R81         Annual Fund Operating Expenses                      HTML     56K 
97: R82         Expense Example                                     HTML     37K 
98: R83         Annual Total Returns[BarChart]                      HTML     37K 
99: R84         Average Annual Total Returns                        HTML     40K 
100: R85         Risk/Return Detail Data- VictoryShares US           HTML    222K  
                Discovery Enhanced Volatility Wtd ETF                            
101: R86         Risk/Return Summary- VictoryShares Developed        HTML    107K  
                Enhanced Volatility Wtd ETF                                      
102: R87         Shareholder Fees                                    HTML     42K  
103: R88         Annual Fund Operating Expenses                      HTML     54K  
104: R89         Expense Example                                     HTML     37K  
105: R90         Annual Total Returns[BarChart]                      HTML     37K  
106: R91         Average Annual Total Returns                        HTML     40K  
107: R92         Risk/Return Detail Data- VictoryShares Developed    HTML    224K  
                Enhanced Volatility Wtd ETF                                      
108: R93         Risk/Return Summary- VictoryShares Nasdaq Next 50   HTML     88K  
                ETF                                                              
109: R94         Shareholder Fees                                    HTML     42K  
110: R95         Annual Fund Operating Expenses                      HTML     53K  
111: R96         Expense Example                                     HTML     37K  
112: R97         Risk/Return Detail Data- VictoryShares Nasdaq Next  HTML    144K  
                50 ETF                                                           
113: R98         Risk/Return Summary- VictoryShares USAA MSCI USA    HTML    102K  
                Value Momentum ETF                                               
114: R99         Shareholder Fees                                    HTML     42K  
115: R100        Annual Fund Operating Expenses                      HTML     54K  
116: R101        Expense Example                                     HTML     37K  
117: R102        Annual Total Returns[BarChart]                      HTML     37K  
118: R103        Average Annual Total Returns                        HTML     39K  
119: R104        Risk/Return Detail Data- VictoryShares USAA MSCI    HTML    207K  
                USA Value Momentum ETF                                           
120: R105        Risk/Return Summary- VictoryShares USAA MSCI USA    HTML    103K  
                Small Cap Value Momentum ETF                                     
121: R106        Shareholder Fees                                    HTML     42K  
122: R107        Annual Fund Operating Expenses                      HTML     54K  
123: R108        Expense Example                                     HTML     37K  
124: R109        Annual Total Returns[BarChart]                      HTML     37K  
125: R110        Average Annual Total Returns                        HTML     39K  
126: R111        Risk/Return Detail Data- VictoryShares USAA MSCI    HTML    208K  
                USA Small Cap Value Momentum ETF                                 
127: R112        Risk/Return Summary- VictoryShares USAA MSCI        HTML    110K  
                International Value Momentum ETF                                 
128: R113        Shareholder Fees                                    HTML     42K  
129: R114        Annual Fund Operating Expenses                      HTML     54K  
130: R115        Expense Example                                     HTML     37K  
131: R116        Annual Total Returns[BarChart]                      HTML     37K  
132: R117        Average Annual Total Returns                        HTML     39K  
133: R118        Risk/Return Detail Data- VictoryShares USAA MSCI    HTML    215K  
                International Value Momentum ETF                                 
134: R119        Risk/Return Summary- VictoryShares USAA MSCI        HTML    112K  
                Emerging Markets Value Momentum ETF                              
135: R120        Shareholder Fees                                    HTML     42K  
136: R121        Annual Fund Operating Expenses                      HTML     54K  
137: R122        Expense Example                                     HTML     37K  
138: R123        Annual Total Returns[BarChart]                      HTML     37K  
139: R124        Average Annual Total Returns                        HTML     39K  
140: R125        Risk/Return Detail Data- VictoryShares USAA MSCI    HTML    217K  
                Emerging Markets Value Momentum ETF                              
141: R126        Risk/Return Summary- VictoryShares USAA Core        HTML    101K  
                Short-Term Bond ETF                                              
142: R127        Shareholder Fees                                    HTML     42K  
143: R128        Annual Fund Operating Expenses                      HTML     54K  
144: R129        Expense Example                                     HTML     37K  
145: R130        Annual Total Returns[BarChart]                      HTML     37K  
146: R131        Average Annual Total Returns                        HTML     38K  
147: R132        Risk/Return Detail Data- VictoryShares USAA Core    HTML    203K  
                Short-Term Bond ETF                                              
148: R133        Risk/Return Summary- VictoryShares USAA Core        HTML    102K  
                Intermediate-Term Bond ETF                                       
149: R134        Shareholder Fees                                    HTML     42K  
150: R135        Annual Fund Operating Expenses                      HTML     54K  
151: R136        Expense Example                                     HTML     37K  
152: R137        Annual Total Returns[BarChart]                      HTML     37K  
153: R138        Average Annual Total Returns                        HTML     38K  
154: R139        Risk/Return Detail Data- VictoryShares USAA Core    HTML    204K  
                Intermediate-Term Bond ETF                                       
155: R140        Risk/Return Detail Data                             HTML     39K  
157: XML         IDEA XML File -- Filing Summary                      XML    288K  
15: XML         XBRL Instance -- f10051d1_htm                        XML   1.55M 
156: EXCEL       IDEA Workbook of Financial Reports                  XLSX    419K  
 3: EX-101.CAL  XBRL Calculations -- vpii-20211026_cal               XML     48K 
 4: EX-101.DEF  XBRL Definitions -- vpii-20211026_def                XML  10.02M 
 5: EX-101.LAB  XBRL Labels -- vpii-20211026_lab                     XML    671K 
 6: EX-101.PRE  XBRL Presentations -- vpii-20211026_pre              XML   7.73M 
 2: EX-101.SCH  XBRL Schema -- vpii-20211026                         XSD    302K 
158: JSON        XBRL Instance as JSON Data -- MetaLinks              353±  1.06M  
159: ZIP         XBRL Zipped Folder -- 0001683863-21-006108-xbrl      Zip   1.18M  


‘XML’   —   XBRL Instance — f10051d1_htm


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<rr:AverageAnnualReturnYear05 contextRef="S000049905_MSCIEAFEIndexMember" decimals="4" id="bbc3fe2b-a565-4844-83db-ba793be9d724" unitRef="pure"> 0.0745 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049905_MSCIEAFEIndexMember" decimals="4" id="d381f8db-6133-4527-b871-b759fc9542e1" unitRef="pure"> 0.0597 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049905_NasdaqVictoryInternational500VolatilityWeightedIndexMember" decimals="4" id="x_13076248-f573-45e5-bcf3-3d523f147398" unitRef="pure"> 0.0645 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049905_NasdaqVictoryInternational500VolatilityWeightedIndexMember" decimals="4" id="x_4952fd60-e6c5-4b49-8ddc-2f0106215b91" unitRef="pure"> 0.0716 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049905_NasdaqVictoryInternational500VolatilityWeightedIndexMember" decimals="4" id="x_2a4d65fe-c15a-46db-90b6-7b59a2d41468" unitRef="pure"> 0.0797 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2016 contextRef="S000049904_C000157585" decimals="4" id="e7e77f90-8964-4062-a027-bab0ea387e9a" unitRef="pure"> 0.2790 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000049904_C000157585" decimals="4" id="bbf0e27a-aca5-4ab8-9a72-d93727840bb8" unitRef="pure"> 0.1210 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000049904_C000157585" decimals="4" id="x_3d22877f-9d5b-4ddd-bb8f-7a64f038fd5d" unitRef="pure"> -0.1047 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000049904_C000157585" decimals="4" id="x_20e6c930-945d-4fec-a23b-29d80567e7b5" unitRef="pure"> 0.2353 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000049904_C000157585" decimals="4" id="c472a919-fc38-43db-ab7b-bc3a2d4c5eb8" unitRef="pure"> 0.1045 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000049904_C000157585" decimals="4" id="x_9783a68b-169a-4da7-aaf6-4f97b5380655" unitRef="pure"> 0.1045 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049904_C000157585" decimals="4" id="a4e307ba-f735-4e9a-8baf-53e9a45dec99" unitRef="pure"> 0.1186 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049904_C000157585" decimals="4" id="x_092ac018-2e36-4169-bac8-085b0a1b7edc" unitRef="pure"> 0.0960 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049904_C000157585_AfterTaxesOnDistributionsMember" decimals="4" id="x_923246b7-94dd-428b-97a8-1bcd1f09a89a" unitRef="pure"> 0.1001 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049904_C000157585_AfterTaxesOnDistributionsMember" decimals="4" id="x_29252143-540d-4ec7-8766-a097e1d70b3f" unitRef="pure"> 0.1151 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049904_C000157585_AfterTaxesOnDistributionsMember" decimals="4" id="x_4faa168d-f674-44c8-8788-ac2cc10d7619" unitRef="pure"> 0.0926 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049904_C000157585_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_813e1b60-1f00-4b4e-8db1-ca902950f6ff" unitRef="pure"> 0.0637 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049904_C000157585_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="f8a20a7c-7a44-461e-a90f-5b8540a0fbd6" unitRef="pure"> 0.0940 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049904_C000157585_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="bce6ed8c-8ca5-4165-89ae-121604e5520d" unitRef="pure"> 0.0756 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049904_Russell2000IndexMember" decimals="4" id="x_5c7a09a6-9a79-42c4-bd7c-edcf0bbbde39" unitRef="pure"> 0.1996 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049904_Russell2000IndexMember" decimals="4" id="x_03bf5345-3dde-4125-95d6-10b8b5f4ed2f" unitRef="pure"> 0.1326 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049904_Russell2000IndexMember" decimals="4" id="x_9d7962fd-7bd3-47c3-8a1b-4315b7ba2987" unitRef="pure"> 0.1025 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049904_NasdaqVictoryUSSmallCap500VolatilityWeightedIndexMember" decimals="4" id="f3682f0c-0075-4b7f-9c12-f8b5d44df994" unitRef="pure"> 0.1078 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049904_NasdaqVictoryUSSmallCap500VolatilityWeightedIndexMember" decimals="4" id="def5a85b-7b67-47bf-a0e2-2b6542d0d3fb" unitRef="pure"> 0.1224 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049904_NasdaqVictoryUSSmallCap500VolatilityWeightedIndexMember" decimals="4" id="c5d37e5f-ff5f-4398-94b1-aaa7d59dd270" unitRef="pure"> 0.0992 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2016 contextRef="S000049909_C000157590" decimals="4" id="b67bbd98-2d73-4ac8-b3b7-6348164c3146" unitRef="pure"> 0.0079 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000049909_C000157590" decimals="4" id="ee4a06e7-990f-4cf0-b122-c787f1a06ea3" unitRef="pure"> 0.1955 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000049909_C000157590" decimals="4" id="x_9148d325-6543-4da9-9017-64879a84e94e" unitRef="pure"> -0.1329 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000049909_C000157590" decimals="4" id="x_2b05136d-003a-4753-9d6a-ae7f3b91d73d" unitRef="pure"> 0.1928 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000049909_C000157590" decimals="4" id="fc1fc19d-3204-4a8f-9690-45cd90c71cf9" unitRef="pure"> -0.0865 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000049909_C000157590" decimals="4" id="x_70674a53-8154-4759-8d00-1fd2a80e5a64" unitRef="pure"> -0.0865 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049909_C000157590" decimals="4" id="x_0a569e6b-86b5-4073-ad9e-26e7439e2449" unitRef="pure"> 0.0263 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049909_C000157590" decimals="4" id="x_3fee65e3-6137-41fe-bbfa-40bb91045778" unitRef="pure"> 0.0110 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049909_C000157590_AfterTaxesOnDistributionsMember" decimals="4" id="e7469255-4e41-45c8-abcd-5350fd84578f" unitRef="pure"> -0.0925 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049909_C000157590_AfterTaxesOnDistributionsMember" decimals="4" id="x_708ed908-9b08-475b-8438-259f94b9b47f" unitRef="pure"> 0.0186 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049909_C000157590_AfterTaxesOnDistributionsMember" decimals="4" id="aa271351-8e43-470c-b195-dc51ba25cb65" unitRef="pure"> 0.0037 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049909_C000157590_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="e59498cc-17bf-4842-b6f3-51834b874148" unitRef="pure"> -0.0450 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049909_C000157590_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_9ffa0f57-4294-4615-9658-1ddc465d8267" unitRef="pure"> 0.0223 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049909_C000157590_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_7a3aa82c-686c-4d39-b96a-ede42c1f2d0c" unitRef="pure"> 0.0104 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049909_MSCIEAFEIndexMember" decimals="4" id="e081bce7-aa59-45d9-9dcf-0d6d91bfcbcc" unitRef="pure"> 0.0782 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049909_MSCIEAFEIndexMember" decimals="4" id="x_6dc1785c-e31d-4abf-9203-3b17de01ac94" unitRef="pure"> 0.0745 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049909_MSCIEAFEIndexMember" decimals="4" id="x_211b41d1-74cb-45b9-95f7-b4a5ee5ecd49" unitRef="pure"> 0.0597 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049909_NasdaqVictoryInternationalHighDividend100VolatilityWeightedIndexMember" decimals="4" id="x_65807efc-7489-4db5-a75a-be5b9054e581" unitRef="pure"> -0.0816 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049909_NasdaqVictoryInternationalHighDividend100VolatilityWeightedIndexMember" decimals="4" id="x_4eb3e4e4-2e6b-474d-8861-2180399710a8" unitRef="pure"> 0.0305 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049909_NasdaqVictoryInternationalHighDividend100VolatilityWeightedIndexMember" decimals="4" id="x_8e064113-1826-4bc1-b819-88cedc9e460c" unitRef="pure"> 0.0156 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000049910_C000157591" decimals="4" id="bc8c77f3-21fb-4ccd-9387-488f1eed16ba" unitRef="pure"> -0.1033 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000049910_C000157591" decimals="4" id="x_4d809a6e-3938-46aa-b66f-252d085322ae" unitRef="pure"> 0.1425 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000049910_C000157591" decimals="4" id="c6357094-d141-4ccc-a438-299d62fdfa8b" unitRef="pure"> -0.0413 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000049910_C000157591" decimals="4" id="x_16431895-808d-47e5-881e-677ce032fadc" unitRef="pure"> -0.0413 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000049910_C000157591" decimals="4" id="x_44ba419f-8b59-414b-9aec-d996c3744184" unitRef="pure"> 0.0087 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049910_C000157591_AfterTaxesOnDistributionsMember" decimals="4" id="fe18974e-759d-462e-b5ea-d72abc2de2d0" unitRef="pure"> -0.0442 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000049910_C000157591_AfterTaxesOnDistributionsMember" decimals="4" id="x_264e770f-ac58-4d58-93d4-5ccd7690bf41" unitRef="pure"> -0.0011 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049910_C000157591_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_2a0da3a8-8fda-4abb-8b67-663f4fdba59b" unitRef="pure"> -0.0132 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000049910_C000157591_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_12f58e7e-2fae-43d4-b22f-99096a4463d9" unitRef="pure"> 0.0070 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049910_MSCIEmergingMarketsIndexMember" decimals="4" id="x_6d4a32bf-fe09-471d-a37a-14c9ac4c68ca" unitRef="pure"> 0.1831 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000049910_MSCIEmergingMarketsIndexMember" decimals="4" id="a01d4c37-02b5-4ad5-83bf-732a87c92afd" unitRef="pure"> 0.0720 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049910_NasdaqVictoryEmergingMarketHighDividend100VolatilityWeightedIndexMember" decimals="4" id="e3e68077-b893-4ee6-a8c6-eae18eece153" unitRef="pure"> -0.0353 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000049910_NasdaqVictoryEmergingMarketHighDividend100VolatilityWeightedIndexMember" decimals="4" id="dc505774-dbe9-4743-a00a-8e6383ae2126" unitRef="pure"> 0.0235 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2015 contextRef="S000044749_C000139051" decimals="4" id="x_5d0719df-ff69-451e-b819-96540b266338" unitRef="pure"> -0.0051 </rr:AnnualReturn2015>
<rr:AnnualReturn2016 contextRef="S000044749_C000139051" decimals="4" id="x_315c5880-6514-4fce-b25e-89f4f1223217" unitRef="pure"> 0.1441 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000044749_C000139051" decimals="4" id="x_4055633e-3263-40de-afa9-59c9e3e2be0c" unitRef="pure"> 0.2238 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000044749_C000139051" decimals="4" id="d49b7594-5e3c-4284-a501-ebba8e2004c0" unitRef="pure"> -0.0861 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000044749_C000139051" decimals="4" id="x_8677f084-a9a6-4f5a-a4c5-3987b846ddf7" unitRef="pure"> 0.3032 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000044749_C000139051" decimals="4" id="x_7e72e0a3-7cfd-4a3a-8cf9-bfc15a452b1d" unitRef="pure"> 0.1191 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000044749_C000139051" decimals="4" id="x_6b6afc9b-373a-4e57-ab73-903253637b33" unitRef="pure"> 0.1191 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044749_C000139051" decimals="4" id="c3fdbfd0-fc48-4386-a36f-23d7a187cd6d" unitRef="pure"> 0.1329 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044749_C000139051" decimals="4" id="cb575952-94cb-40d4-be87-a90963b24344" unitRef="pure"> 0.1078 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044749_C000139051_AfterTaxesOnDistributionsMember" decimals="4" id="x_06af095c-8cf0-4b4d-ad43-3ca4d5b53cd0" unitRef="pure"> 0.1153 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044749_C000139051_AfterTaxesOnDistributionsMember" decimals="4" id="x_5affb6c3-62b7-4f94-835a-9eefb0c9a663" unitRef="pure"> 0.1292 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044749_C000139051_AfterTaxesOnDistributionsMember" decimals="4" id="x_1d68ed76-4192-4f30-9d7a-e937f7cdbfb7" unitRef="pure"> 0.1042 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044749_C000139051_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_17b6133c-899b-4337-94b3-3085b37062f3" unitRef="pure"> 0.0724 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044749_C000139051_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_72b637e5-716c-4bc6-bda6-6a7156d128ce" unitRef="pure"> 0.1058 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044749_C000139051_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_551927f8-d3e6-4dc1-9be3-0fd49b9349d5" unitRef="pure"> 0.0860 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044749_SP500IndexMember" decimals="4" id="fb7eddaa-caf8-4969-aff1-6e844a762cde" unitRef="pure"> 0.1840 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044749_SP500IndexMember" decimals="4" id="x_5a3270b9-4353-44b5-a955-c8872f2a7efa" unitRef="pure"> 0.1522 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044749_SP500IndexMember" decimals="4" id="f6d22a97-fd92-4442-8a80-ee3b23e7f6de" unitRef="pure"> 0.1264 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044749_NasdaqVictoryUSLargeCap500VolatilityWeightedIndexMember" decimals="4" id="fd276410-a55e-4966-ae0d-9995ba9c76ed" unitRef="pure"> 0.1227 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044749_NasdaqVictoryUSLargeCap500VolatilityWeightedIndexMember" decimals="4" id="x_633763f4-afd0-4356-8526-c101d8cf96f1" unitRef="pure"> 0.1369 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044749_NasdaqVictoryUSLargeCap500VolatilityWeightedIndexMember" decimals="4" id="de71d44f-6501-4f99-9b4d-bc388abdac62" unitRef="pure"> 0.1117 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000065161_C000210930" decimals="4" id="x_454f7937-bdcf-425d-9417-465cdc5b377a" unitRef="pure"> -0.0927 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000065161_C000210930" decimals="4" id="x_4f90edca-1cb6-43d3-b395-37d12f0d4613" unitRef="pure"> 0.2163 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000065161_C000210930" decimals="4" id="bc46517d-795d-4f34-96eb-f788f7b88a1a" unitRef="pure"> 0.1161 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000065161_C000210930" decimals="4" id="x_92cc4308-c0b1-4de7-ba99-b52573be2dcb" unitRef="pure"> 0.1161 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065161_C000210930" decimals="4" id="b2188a29-b912-4489-ab52-449204a8c688" unitRef="pure"> 0.0724 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065161_C000210930_AfterTaxesOnDistributionsMember" decimals="4" id="c943c84f-f9cf-4f81-88a4-81b30c83c6c5" unitRef="pure"> 0.1116 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065161_C000210930_AfterTaxesOnDistributionsMember" decimals="4" id="e0bd0553-b8dc-42b9-ad6a-c644d11e0efe" unitRef="pure"> 0.0671 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065161_C000210930_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="f245f81f-11e5-4613-a3c6-b5a1f8622c8a" unitRef="pure"> 0.0700 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065161_C000210930_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_2adff756-69c3-49f1-a3c4-074313249e71" unitRef="pure"> 0.0542 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065161_MSCIUSASmallCapIndexMember" decimals="4" id="x_3428773e-090d-4b9d-ab67-0c851b11cac9" unitRef="pure"> 0.1890 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065161_MSCIUSASmallCapIndexMember" decimals="4" id="f2f01f09-93bf-4779-a260-db78e2d96859" unitRef="pure"> 0.1146 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065161_MSCIUSASmallCapSelectValueMomentumBlendIndexMember" decimals="4" id="b29eb741-a94e-46be-a833-87e96457c89b" unitRef="pure"> 0.1192 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065161_MSCIUSASmallCapSelectValueMomentumBlendIndexMember" decimals="4" id="x_90cad26d-1aab-456e-b16d-c01589560af3" unitRef="pure"> 0.0755 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000065156_C000210925" decimals="4" id="fdf7f7aa-33db-43f4-b5ed-da5118fadcd3" unitRef="pure"> -0.1210 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000065156_C000210925" decimals="4" id="c8032264-6bb7-4189-9e47-8c046c3a3097" unitRef="pure"> 0.2172 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000065156_C000210925" decimals="4" id="x_0a8da49d-eed4-40aa-810f-a7766ffcf080" unitRef="pure"> 0.0406 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000065156_C000210925" decimals="4" id="ece971eb-fcbb-4058-9aa9-b22aad96c908" unitRef="pure"> 0.0406 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065156_C000210925" decimals="4" id="ea09ce82-58f9-4f9c-a065-837803257fab" unitRef="pure"> 0.0466 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065156_C000210925_AfterTaxesOnDistributionsMember" decimals="4" id="c0893313-5212-4a09-a7a7-0deecad4e0c0" unitRef="pure"> 0.0363 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065156_C000210925_AfterTaxesOnDistributionsMember" decimals="4" id="x_16ccdba5-692d-4226-b20f-dc475e166063" unitRef="pure"> 0.0421 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065156_C000210925_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="bd3897a1-bac5-45c5-863f-5ea240be4018" unitRef="pure"> 0.0263 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065156_C000210925_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_822327c2-9e68-4881-a30b-66b2b4eabae4" unitRef="pure"> 0.0353 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065156_MSCIUSAIndexMember" decimals="4" id="ce84986a-4dc8-40d7-bac6-9602d9b7879b" unitRef="pure"> 0.2137 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065156_MSCIUSAIndexMember" decimals="4" id="x_4c406b38-1f40-4905-a053-6b1db1b35a28" unitRef="pure"> 0.1574 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065156_MSCIUSASelectValueMomentumBlendIndexMember" decimals="4" id="b121f913-89d8-45dc-8c19-b80a7d6f3537" unitRef="pure"> 0.0417 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065156_MSCIUSASelectValueMomentumBlendIndexMember" decimals="4" id="x_18b860e2-13c6-407c-b228-bedf07953a24" unitRef="pure"> 0.0485 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000056883_C000180594" decimals="4" id="x_9dac54dc-14b5-4bf0-918b-0937a01a53d4" unitRef="pure"> -0.0025 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000056883_C000180594" decimals="4" id="x_97b7c6e7-614e-4a35-871b-eadc8618e8a8" unitRef="pure"> 0.2620 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000056883_C000180594" decimals="4" id="e2a4980c-56dd-4372-a872-b73ce3476c05" unitRef="pure"> 0.0517 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000056883_C000180594" decimals="4" id="x_53f35949-55af-450b-a980-9a7b819c5857" unitRef="pure"> 0.0517 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056883_C000180594" decimals="4" id="x_5142c407-325d-4850-b660-16319f8d1971" unitRef="pure"> 0.1157 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056883_C000180594_AfterTaxesOnDistributionsMember" decimals="4" id="x_9d0e5be2-47c0-45ae-ac30-a57577f4e441" unitRef="pure"> 0.0463 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056883_C000180594_AfterTaxesOnDistributionsMember" decimals="4" id="x_679189de-5de5-4faa-908e-bef87a8d2681" unitRef="pure"> 0.1092 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056883_C000180594_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_1da5842c-6091-4c59-831d-f1607fb99951" unitRef="pure"> 0.0339 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056883_C000180594_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_857f8720-da4b-43d4-9867-881ae8d1fd5d" unitRef="pure"> 0.0894 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056883_SP500IndexMember" decimals="4" id="x_58513596-941c-41d1-a392-a0f87deb49bb" unitRef="pure"> 0.1840 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056883_SP500IndexMember" decimals="4" id="c1da3fd1-5aa6-46b9-93ca-e1b4cfd69667" unitRef="pure"> 0.1525 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056883_NasdaqVictoryUSMultiFactorMinimumVolatilityIndexMember" decimals="4" id="x_6be1a846-e14b-49a3-b4ba-c7db07803f04" unitRef="pure"> 0.0547 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056883_NasdaqVictoryUSMultiFactorMinimumVolatilityIndexMember" decimals="4" id="x_4b3850b5-7fe4-44ba-b8cd-30d6fad2ce66" unitRef="pure"> 0.1195 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2015 contextRef="S000044752_C000139054" decimals="4" id="d9e08aa5-2a61-4998-9b4d-1a7c6b894c39" unitRef="pure"> -0.0664 </rr:AnnualReturn2015>
<rr:AnnualReturn2016 contextRef="S000044752_C000139054" decimals="4" id="x_924c713f-e8e2-4940-a289-078b239c8537" unitRef="pure"> -0.0804 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000044752_C000139054" decimals="4" id="ec3b7719-1183-4f02-a6ed-3e11a8841038" unitRef="pure"> 0.2568 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000044752_C000139054" decimals="4" id="x_199fc5fe-4219-456b-a90e-7db4424c8d8b" unitRef="pure"> -0.0945 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000044752_C000139054" decimals="4" id="c5c8917c-a0b3-4753-a3cd-0d4a28017f71" unitRef="pure"> 0.1200 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000044752_C000139054" decimals="4" id="a26580a9-0c83-439a-9587-974a94f5a669" unitRef="pure"> -0.0422 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000044752_C000139054" decimals="4" id="x_4dcb8e9a-fec0-4cfc-bac9-3e91a0e57fe8" unitRef="pure"> -0.0422 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044752_C000139054" decimals="4" id="x_6ae05fd5-08b5-4d8a-8208-26e42deac347" unitRef="pure"> 0.0234 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044752_C000139054" decimals="4" id="x_47b2e67c-80f9-4c27-a07a-9047d601e400" unitRef="pure"> 0.0043 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044752_C000139054_AfterTaxesOnDistributionsMember" decimals="4" id="x_5c82f09f-675a-44a9-accf-c99561bf3d72" unitRef="pure"> -0.0440 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044752_C000139054_AfterTaxesOnDistributionsMember" decimals="4" id="x_428f795c-e2af-4a63-bd75-ee5ba953899f" unitRef="pure"> 0.0195 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044752_C000139054_AfterTaxesOnDistributionsMember" decimals="4" id="e02bf199-e41a-403f-9a6b-9e4b06f88b38" unitRef="pure"> 0.0007 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044752_C000139054_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="c039f858-f031-4a7a-87da-c51f54ea92f6" unitRef="pure"> -0.0209 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044752_C000139054_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_2d63462d-4be3-4a2d-8d0e-77652367178b" unitRef="pure"> 0.0191 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044752_C000139054_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="ca18b41a-a9f0-4dd4-a052-a0c113d15056" unitRef="pure"> 0.0044 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044752_MSCIEAFEIndexMember" decimals="4" id="x_82bb73ca-2750-4578-a815-2464a21a9698" unitRef="pure"> 0.0782 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044752_MSCIEAFEIndexMember" decimals="4" id="cb35284f-6e17-4dd2-bea3-90b2142aeb1f" unitRef="pure"> 0.0745 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044752_MSCIEAFEIndexMember" decimals="4" id="c5b71e8c-d84e-4273-9f64-d4012b4ff6e7" unitRef="pure"> 0.0516 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044752_NasdaqVictoryInternational500LongCashVolatilityWeightedIndexMember" decimals="4" id="da044393-a5ec-4c85-8742-cb0ca40c37b7" unitRef="pure"> -0.0363 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044752_NasdaqVictoryInternational500LongCashVolatilityWeightedIndexMember" decimals="4" id="e29b811f-caae-4558-9bdb-35ad7399873c" unitRef="pure"> 0.0294 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044752_NasdaqVictoryInternational500LongCashVolatilityWeightedIndexMember" decimals="4" id="x_369d34d1-c783-4026-9d2a-0f7fc48c1de0" unitRef="pure"> 0.0109 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2016 contextRef="S000049907_C000157588" decimals="4" id="x_540c276d-3117-4a38-963d-299c337c6d63" unitRef="pure"> 0.2060 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000049907_C000157588" decimals="4" id="x_12cba12d-3ac6-4f88-adc1-d5b14779a330" unitRef="pure"> 0.1575 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000049907_C000157588" decimals="4" id="x_470fe002-03c2-40a7-931c-84ff3491d1df" unitRef="pure"> -0.0555 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000049907_C000157588" decimals="4" id="x_847036cd-bb31-4c5a-8a00-df4687a911a3" unitRef="pure"> 0.2648 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000049907_C000157588" decimals="4" id="c7956c67-cb3a-47cc-ae39-2afa0b33d5b0" unitRef="pure"> -0.0328 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000049907_C000157588" decimals="4" id="x_6951d440-24f4-4039-a125-6c61ed2fa69b" unitRef="pure"> -0.0328 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049907_C000157588" decimals="4" id="x_6ebf525a-4664-4538-87aa-b58cfdd6fe5d" unitRef="pure"> 0.1003 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049907_C000157588" decimals="4" id="ae36a5b6-e479-4aa7-a4e6-28d6fedb5d12" unitRef="pure"> 0.0903 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049907_C000157588_AfterTaxesOnDistributionsMember" decimals="4" id="x_124d5453-f479-4c00-8cb8-4e1d60910be8" unitRef="pure"> -0.0415 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049907_C000157588_AfterTaxesOnDistributionsMember" decimals="4" id="fc376911-bd78-4dcc-ba76-3a54747d0128" unitRef="pure"> 0.0918 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049907_C000157588_AfterTaxesOnDistributionsMember" decimals="4" id="x_8b7e34a2-26db-47dc-b4ad-26fb04cab2fe" unitRef="pure"> 0.0820 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049907_C000157588_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_7713d2b8-b3cf-4878-b573-faddc4172f58" unitRef="pure"> -0.0148 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049907_C000157588_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="d78771fe-69cc-4849-a56d-e52bf0eafd58" unitRef="pure"> 0.0784 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049907_C000157588_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="d5d15ed2-07fe-4b61-aa8f-3d146b74f718" unitRef="pure"> 0.0704 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049907_Russell1000ValueIndexMember" decimals="4" id="d5847835-64bd-429f-8038-4c5fe8ba60f8" unitRef="pure"> 0.0280 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049907_Russell1000ValueIndexMember" decimals="4" id="x_45e3b4aa-f822-4b41-9b01-d4e6415990e9" unitRef="pure"> 0.0974 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049907_Russell1000ValueIndexMember" decimals="4" id="beba3a86-c809-4ab8-84eb-f2b12c7d90f3" unitRef="pure"> 0.0807 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049907_NasdaqVictoryUSLargeCapHighDividend100VolatilityWeightedIndexMember" decimals="4" id="x_1f8e4b7d-3598-4d0c-8df1-4a974bdc78e9" unitRef="pure"> -0.0307 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049907_NasdaqVictoryUSLargeCapHighDividend100VolatilityWeightedIndexMember" decimals="4" id="x_9fe297d2-946a-44b7-9775-15f5496b96bf" unitRef="pure"> 0.1042 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049907_NasdaqVictoryUSLargeCapHighDividend100VolatilityWeightedIndexMember" decimals="4" id="x_6072808a-bc3b-4826-ac2e-25a6dd1f0607" unitRef="pure"> 0.0941 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000065159_C000210928" decimals="4" id="x_0bacb6cc-36db-4b69-a2f8-66b6e3009647" unitRef="pure"> 0.0144 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000065159_C000210928" decimals="4" id="x_6fa89f17-1dd1-42e8-902b-72d8004adfbd" unitRef="pure"> 0.0490 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000065159_C000210928" decimals="4" id="x_8b9cb721-83cf-46cc-aee5-63fc9ff23c07" unitRef="pure"> 0.0514 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000065159_C000210928" decimals="4" id="x_832e8f0f-7292-400d-86bc-350ded58dec3" unitRef="pure"> 0.0514 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065159_C000210928" decimals="4" id="x_7dcb39ba-48a9-4ced-ae91-fc1af5f96b26" unitRef="pure"> 0.0363 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065159_C000210928_AfterTaxesOnDistributionsMember" decimals="4" id="x_09d924cb-91cc-424b-975d-23add51c6120" unitRef="pure"> 0.0406 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065159_C000210928_AfterTaxesOnDistributionsMember" decimals="4" id="x_04996517-0f14-4f78-8353-77b2ff50f26e" unitRef="pure"> 0.0259 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065159_C000210928_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="e0cce192-c803-4f1a-a729-83262915a1bb" unitRef="pure"> 0.0306 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065159_C000210928_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_62afa29f-16a9-4de7-93f5-f259c9d91bc0" unitRef="pure"> 0.0233 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065159_Bloomberg13YearCreditIndexMember" decimals="4" id="e18d7cc9-1145-4a8b-af68-998b1c75209e" unitRef="pure"> 0.0369 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065159_Bloomberg13YearCreditIndexMember" decimals="4" id="x_25737534-d864-44c3-b287-b41d16f5077b" unitRef="pure"> 0.0319 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2015 contextRef="S000044750_C000139052" decimals="4" id="x_335594cb-83db-44dc-bfc3-8590a020c0ed" unitRef="pure"> -0.0830 </rr:AnnualReturn2015>
<rr:AnnualReturn2016 contextRef="S000044750_C000139052" decimals="4" id="b23d6770-6abe-40bd-a856-7a4f52a44aff" unitRef="pure"> 0.1887 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000044750_C000139052" decimals="4" id="x_3d9ea263-00da-4bc3-8da3-abc7cdec6cb3" unitRef="pure"> 0.1209 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000044750_C000139052" decimals="4" id="x_15b36a5a-9b3a-40d0-8421-bffc03bbf2d6" unitRef="pure"> -0.1128 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000044750_C000139052" decimals="4" id="d3768613-3674-4bbe-a350-b21c9b101a09" unitRef="pure"> 0.0202 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000044750_C000139052" decimals="4" id="f486b5c4-15d4-4a6f-9e82-8ba640913bc8" unitRef="pure"> 0.2850 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000044750_C000139052" decimals="4" id="x_30720aca-b163-4f6b-9d80-6b880f48c8df" unitRef="pure"> 0.2850 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044750_C000139052" decimals="4" id="f786277b-3b9d-4cf6-836b-eb84ebe51049" unitRef="pure"> 0.0916 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044750_C000139052" decimals="4" id="x_106d34f0-0292-4f81-8c2a-1fc3425b37ba" unitRef="pure"> 0.0706 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044750_C000139052_AfterTaxesOnDistributionsMember" decimals="4" id="x_2f7bb115-284b-40b5-a1ab-f4c5f211eebd" unitRef="pure"> 0.2813 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044750_C000139052_AfterTaxesOnDistributionsMember" decimals="4" id="b6fcfda7-0e3e-4fdc-83b3-a549d435cc2c" unitRef="pure"> 0.0881 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044750_C000139052_AfterTaxesOnDistributionsMember" decimals="4" id="x_2d94f406-f8b9-443a-b256-056fde14e953" unitRef="pure"> 0.0673 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044750_C000139052_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_57bb972d-7a8a-4edb-b428-4005344a2d07" unitRef="pure"> 0.1705 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044750_C000139052_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="ea3e7008-dd2f-4796-b795-4a2c3864324e" unitRef="pure"> 0.0715 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044750_C000139052_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_011b2fa0-f1ee-4c58-b8d6-b120b9c471f2" unitRef="pure"> 0.0551 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044750_Russell2000IndexMember" decimals="4" id="x_0cdbb82a-b5ec-4e0e-860e-5a27a7993e76" unitRef="pure"> 0.1996 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044750_Russell2000IndexMember" decimals="4" id="aa4c811c-0bc1-40d9-b4fa-f17a72093c25" unitRef="pure"> 0.1326 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044750_Russell2000IndexMember" decimals="4" id="x_0551420c-503e-4bbd-8e4e-d44783138107" unitRef="pure"> 0.1075 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044750_NasdaqVictoryUSSmallCap500LongCashVolatilityWeightedIndexMember" decimals="4" id="x_7307a430-ecab-49b4-8455-4d41e38810f4" unitRef="pure"> 0.2917 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044750_NasdaqVictoryUSSmallCap500LongCashVolatilityWeightedIndexMember" decimals="4" id="x_22fdd8a6-5039-4c56-99ed-7db691d5bfbd" unitRef="pure"> 0.0961 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044750_NasdaqVictoryUSSmallCap500LongCashVolatilityWeightedIndexMember" decimals="4" id="x_38906426-2653-4a3b-989c-163a3fce3582" unitRef="pure"> 0.0752 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000056886_C000180597" decimals="4" id="f896a8e3-779d-428a-abf9-5c92897eaade" unitRef="pure"> -0.0070 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000056886_C000180597" decimals="4" id="a4bc7c69-8d20-4ffb-a134-e6492ef66d24" unitRef="pure"> 0.3118 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000056886_C000180597" decimals="4" id="d1fa88b0-8bbf-4cc8-b6f0-9b771dd527ea" unitRef="pure"> 0.1276 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000056886_C000180597" decimals="4" id="a1d578ca-0058-4df9-bc60-cf573db0bdef" unitRef="pure"> 0.1276 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056886_C000180597" decimals="4" id="caf98095-e75d-4294-a3b0-9af471c83240" unitRef="pure"> 0.1482 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056886_C000180597_AfterTaxesOnDistributionsMember" decimals="4" id="c19f976f-b334-4606-a038-880afe2c6173" unitRef="pure"> 0.1232 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056886_C000180597_AfterTaxesOnDistributionsMember" decimals="4" id="ae57b0fc-1218-4bc4-99a5-b6db6b3f2783" unitRef="pure"> 0.1437 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056886_C000180597_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_9c397c42-a0d7-4dd7-b7cf-81bd0f7e1b1d" unitRef="pure"> 0.0781 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056886_C000180597_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_60b09e6e-89dc-42cb-9612-2df74a3f9fa5" unitRef="pure"> 0.1166 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056886_SP500IndexMember" decimals="4" id="c83fd6e0-5945-4878-abb2-250e93426a5b" unitRef="pure"> 0.1840 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056886_SP500IndexMember" decimals="4" id="dfc3899b-d642-404d-ab35-23943011b23c" unitRef="pure"> 0.1571 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000056886_NasdaqVictoryDividendAcceleratorIndexMember" decimals="4" id="x_5a0a434e-b4bd-4739-ada9-5ff846e34a94" unitRef="pure"> 0.1313 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000056886_NasdaqVictoryDividendAcceleratorIndexMember" decimals="4" id="x_520352af-0c68-4ea8-b6c7-68287142d3c2" unitRef="pure"> 0.1522 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000065158_C000210927" decimals="4" id="a5095aec-e871-462b-b33f-25583c9f9cd2" unitRef="pure"> -0.1662 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000065158_C000210927" decimals="4" id="x_0f98ee97-d360-4ef2-8a89-ab8405fc9652" unitRef="pure"> 0.1029 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000065158_C000210927" decimals="4" id="x_3310a0dd-0843-42c6-9368-de8561380142" unitRef="pure"> 0.0442 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000065158_C000210927" decimals="4" id="x_23a4ea1b-5331-4919-96d2-e2b238af2778" unitRef="pure"> 0.0442 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065158_C000210927" decimals="4" id="x_06cc5a1c-d5d4-42c9-be1a-688b648ebc7d" unitRef="pure"> -0.0033 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065158_C000210927_AfterTaxesOnDistributionsMember" decimals="4" id="x_84f3ea62-d977-4347-a947-f15b309e926b" unitRef="pure"> 0.0381 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065158_C000210927_AfterTaxesOnDistributionsMember" decimals="4" id="x_73abd2a6-3f26-483b-ae96-6c6dd395e7e6" unitRef="pure"> -0.0091 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065158_C000210927_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_282e5bee-43ea-48d6-acb5-cd9d9891c3b7" unitRef="pure"> 0.0294 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065158_C000210927_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_04280d8f-d304-43bd-acef-5d85cac4d91a" unitRef="pure"> -0.0027 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065158_MSCIEmergingMarketsNetIndexMember" decimals="4" id="x_1d6bacb2-3008-481e-b367-ac36a8bf77d1" unitRef="pure"> 0.1831 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065158_MSCIEmergingMarketsNetIndexMember" decimals="4" id="x_781926e0-6cc4-4a28-9a41-5fbf40318e98" unitRef="pure"> 0.0722 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065158_MSCIEmergingMarketsSelectValueMomentumBlendIndexMember" decimals="4" id="x_7b4b79a6-ed91-4a2b-aa01-ec12fb8beca2" unitRef="pure"> 0.0530 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065158_MSCIEmergingMarketsSelectValueMomentumBlendIndexMember" decimals="4" id="f13fa1a2-35c8-47fd-bea8-b3a50e6b0e05" unitRef="pure"> 0.0039 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2018 contextRef="S000065157_C000210926" decimals="4" id="cfd805ea-4986-403f-9119-2279b7d985b6" unitRef="pure"> -0.1744 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000065157_C000210926" decimals="4" id="x_7a8dfc06-493a-49bc-9317-a3dffc1396ac" unitRef="pure"> 0.1545 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000065157_C000210926" decimals="4" id="x_4888cc2d-2e08-41b9-aa61-05c64f4e5d8e" unitRef="pure"> 0.0092 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000065157_C000210926" decimals="4" id="x_4fabec42-1b00-4fbf-8bca-02c46c9fc35e" unitRef="pure"> 0.0092 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065157_C000210926" decimals="4" id="c2385a52-b7e3-448e-84f8-2a0592593b22" unitRef="pure"> -0.0034 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065157_C000210926_AfterTaxesOnDistributionsMember" decimals="4" id="x_91f0c26d-6999-4621-80be-d43dcbf53088" unitRef="pure"> 0.0056 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065157_C000210926_AfterTaxesOnDistributionsMember" decimals="4" id="d0e69daa-d6cb-4452-8af8-2382906f64ec" unitRef="pure"> -0.0087 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065157_C000210926_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_670136c3-4404-4cfd-8272-954cf60006dd" unitRef="pure"> 0.0087 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065157_C000210926_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="a82c1fae-56f3-4f29-b09b-9644fe263e37" unitRef="pure"> -0.0022 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065157_MSCIWorldexUSANetIndexMember" decimals="4" id="a92e1a67-a89c-4d1f-87d7-86d077ba2d02" unitRef="pure"> 0.0759 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065157_MSCIWorldexUSANetIndexMember" decimals="4" id="x_2af057ca-b15a-47df-ad83-cf6b56a1c5bb" unitRef="pure"> 0.0498 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000065157_MSCIWorldexUSASelectValueMomentumBlendIndexMember" decimals="4" id="a556aeb7-89d0-4154-bcd6-67ac978b20fe" unitRef="pure"> 0.0128 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnSinceInception contextRef="S000065157_MSCIWorldexUSASelectValueMomentumBlendIndexMember" decimals="4" id="a4d9db0b-80a1-4726-a2b2-9673d9dee285" unitRef="pure"> -0.0001 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2016 contextRef="S000049908_C000157589" decimals="4" id="x_942eb5af-184f-4931-a393-28c9487d35e3" unitRef="pure"> 0.3076 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000049908_C000157589" decimals="4" id="f880d33c-d79c-4430-aa0e-95782769b323" unitRef="pure"> 0.1094 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000049908_C000157589" decimals="4" id="x_0a325474-64b4-4fb3-bf65-be1de5910937" unitRef="pure"> -0.0707 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000049908_C000157589" decimals="4" id="x_717ec1d3-6309-4377-aefc-470adc2db65b" unitRef="pure"> 0.2140 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000049908_C000157589" decimals="4" id="x_4ec24e4f-5205-4de9-9341-025218a2a20b" unitRef="pure"> 0.1073 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000049908_C000157589" decimals="4" id="x_506961ab-52b5-4557-bda2-648b52f0217c" unitRef="pure"> 0.1073 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049908_C000157589" decimals="4" id="x_855af583-7d31-45d0-9750-957d9b751c3b" unitRef="pure"> 0.1263 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049908_C000157589" decimals="4" id="x_8b92ef46-09df-45d6-85b7-b471bce6c8d4" unitRef="pure"> 0.1047 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049908_C000157589_AfterTaxesOnDistributionsMember" decimals="4" id="a2105101-aa42-49cb-afe9-8647f553825c" unitRef="pure"> 0.0949 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049908_C000157589_AfterTaxesOnDistributionsMember" decimals="4" id="x_00ab37bb-fa9c-47f9-b4d7-6a7049e47bc1" unitRef="pure"> 0.1166 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049908_C000157589_AfterTaxesOnDistributionsMember" decimals="4" id="b7af865f-baa3-454c-8f57-1db5d6801019" unitRef="pure"> 0.0953 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049908_C000157589_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_1caf57c0-3aec-48bd-805e-5dae25ec368b" unitRef="pure"> 0.0686 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049908_C000157589_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_5f65c60e-408c-4c10-b868-afe33b480bfd" unitRef="pure"> 0.0987 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049908_C000157589_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_4e232505-e54f-410a-bd7f-e1c9596b2805" unitRef="pure"> 0.0812 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049908_Russell2000ValueIndexMember" decimals="4" id="x_90171aee-46f7-4f63-b8e1-838b2940de49" unitRef="pure"> 0.0463 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049908_Russell2000ValueIndexMember" decimals="4" id="x_957e29fb-0792-4067-99a6-7fc03ca7341f" unitRef="pure"> 0.0965 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049908_Russell2000ValueIndexMember" decimals="4" id="x_53a6d0c2-c194-4829-b195-7c8335cd8e21" unitRef="pure"> 0.0717 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000049908_Russell2000IndexMember" decimals="4" id="x_1944f599-af6c-482c-bfc9-011a13702253" unitRef="pure"> 0.1097 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000049908_Russell2000IndexMember" decimals="4" id="x_8e29dd1c-7386-4241-8065-e0658165b0c0" unitRef="pure"> 0.1301 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000049908_Russell2000IndexMember" decimals="4" id="x_9d442f80-d8b4-4ca9-9dec-7beb551a6260" unitRef="pure"> 0.1082 </rr:AverageAnnualReturnSinceInception>
<rr:AnnualReturn2015 contextRef="S000044751_C000139053" decimals="4" id="d5ea8bde-4347-4ae4-8614-25b97d727716" unitRef="pure"> -0.0056 </rr:AnnualReturn2015>
<rr:AnnualReturn2016 contextRef="S000044751_C000139053" decimals="4" id="aba078a0-16af-49b7-ba8c-524bdda6c27a" unitRef="pure"> 0.1442 </rr:AnnualReturn2016>
<rr:AnnualReturn2017 contextRef="S000044751_C000139053" decimals="4" id="b933e255-8b7c-425b-9ae7-177cf2f8bf6d" unitRef="pure"> 0.2237 </rr:AnnualReturn2017>
<rr:AnnualReturn2018 contextRef="S000044751_C000139053" decimals="4" id="x_0447afeb-94ba-4afe-8645-5414986aebb2" unitRef="pure"> -0.0861 </rr:AnnualReturn2018>
<rr:AnnualReturn2019 contextRef="S000044751_C000139053" decimals="4" id="x_5d3709de-48ad-4178-8f54-2cf18fa02578" unitRef="pure"> 0.2166 </rr:AnnualReturn2019>
<rr:AnnualReturn2020 contextRef="S000044751_C000139053" decimals="4" id="c9ba19a0-53e8-4830-aea7-bc11d6790d5e" unitRef="pure"> 0.1968 </rr:AnnualReturn2020>
<rr:AverageAnnualReturnYear01 contextRef="S000044751_C000139053" decimals="4" id="e8a68f51-4320-406d-a1e5-4cf36772c6ef" unitRef="pure"> 0.1968 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044751_C000139053" decimals="4" id="bde2b156-3bc3-405d-a4ae-d90e1a0ed356" unitRef="pure"> 0.1325 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044751_C000139053" decimals="4" id="x_93dd110f-3dc5-41fa-b681-1e0c07e82644" unitRef="pure"> 0.1071 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044751_C000139053_AfterTaxesOnDistributionsMember" decimals="4" id="cf8a7033-b95f-441f-8c5d-972290cb264e" unitRef="pure"> 0.1939 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044751_C000139053_AfterTaxesOnDistributionsMember" decimals="4" id="aa7c2ef9-2d28-4817-bb63-71dd4b971dc5" unitRef="pure"> 0.1290 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044751_C000139053_AfterTaxesOnDistributionsMember" decimals="4" id="dc9a04ab-8d30-41f5-b220-815d7821888a" unitRef="pure"> 0.1037 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044751_C000139053_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_950cc71e-2afc-42cc-8e27-00a81263c39d" unitRef="pure"> 0.1181 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044751_C000139053_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="e6d56578-22aa-4f33-8ff9-361948e6cb49" unitRef="pure"> 0.1055 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044751_C000139053_AfterTaxesonDistributionsandSaleofFundSharesMember" decimals="4" id="x_3560c69e-0768-4006-9c35-55e6188e0beb" unitRef="pure"> 0.0855 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044751_SP500IndexMember" decimals="4" id="x_69900ab1-75dd-4177-a7ba-acb01e617fc6" unitRef="pure"> 0.1840 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044751_SP500IndexMember" decimals="4" id="x_462d9dd8-9e49-44f1-bb90-e3c78a27f3ef" unitRef="pure"> 0.1522 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044751_SP500IndexMember" decimals="4" id="x_35ba1691-be78-4c8e-86d2-22c97e4212a6" unitRef="pure"> 0.1264 </rr:AverageAnnualReturnSinceInception>
<rr:AverageAnnualReturnYear01 contextRef="S000044751_NasdaqVictoryUSLargeCap500LongCashVolatilityWeightedIndexMember" decimals="4" id="x_02335342-7434-4f84-b5ab-ffa43535cf29" unitRef="pure"> 0.2018 </rr:AverageAnnualReturnYear01>
<rr:AverageAnnualReturnYear05 contextRef="S000044751_NasdaqVictoryUSLargeCap500LongCashVolatilityWeightedIndexMember" decimals="4" id="b1388781-b0f3-441e-81dc-7a8af10a8dcb" unitRef="pure"> 0.1368 </rr:AverageAnnualReturnYear05>
<rr:AverageAnnualReturnSinceInception contextRef="S000044751_NasdaqVictoryUSLargeCap500LongCashVolatilityWeightedIndexMember" decimals="4" id="x_0fdcad2d-fb54-4bd3-954f-0cd327fc982b" unitRef="pure"> 0.1117 </rr:AverageAnnualReturnSinceInception>
<dei:DocumentCreationDate contextRef="D_01Nov2021_01Nov2021" id="apid_9a18458a-f259-48e8-bade-7c765bf73df6"> 2021-10-26 </dei:DocumentCreationDate>
<dei:EntityInvCompanyType contextRef="D_01Nov2021_01Nov2021" id="apid_d3e0be9c-6cfe-4443-b2b9-877051c9914f"> N-1A </dei:EntityInvCompanyType>
<dei:DocumentEffectiveDate contextRef="D_01Nov2021_01Nov2021" id="apid_2909995c-8042-486a-93f9-48456572667b"> 2021-11-01 </dei:DocumentEffectiveDate>
<rr:RiskReturnHeading contextRef="S000044749" id="x_4589ec53-0391-488e-8d60-75d26a36c0ef">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US 500 Volatility Wtd ETF </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000044749" id="x_64bbf1e6-7a65-443d-b37f-87b74cff2db6">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000044749" id="x_06746820-dc01-40ba-8736-409b0e8981a2">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US 500 Volatility Wtd ETF (the “Fund”) seeks to provide investment results that </span><span style="font-family:Times New Roman;font-size:10pt;">track the performance of the Nasdaq Victory US Large Cap 500 Volatility Weighted Index (the “Index”)</span><span style="font-family:Times New Roman;font-size:10pt;">before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000044749" id="x_64c2cb50-b488-4ed4-9203-9d24d3e04313">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000044749" id="x_4d7a7de9-00b0-4ef5-8fb5-21afbd56563a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000044749_C000139051" decimals="INF" id="b125e229-d259-4dcc-9104-06845c8398ef" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000044749" id="x_1925d762-4f19-4461-9ff4-348a9c7b240d">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000044749_C000139051" decimals="4" id="x_8f558257-c8f5-48e0-a7dc-ddcdac945ad3" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000044749_C000139051" decimals="4" id="ec49692f-3fb1-4c6c-a986-0bf3b364eaf0" unitRef="pure"> 0.0009 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000044749_C000139051" decimals="4" id="a2faa598-372f-40fb-9957-3cefad2e82a0" unitRef="pure"> 0.0039 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000044749_C000139051" decimals="4" id="d00a5ecd-a6aa-4826-8ddf-d32099540e72" unitRef="pure"> -0.0004 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000044749_C000139051" decimals="4" id="x_553c7416-966e-4fa5-96da-0cc69bc7b5f1" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000044749" id="cc5771c5-bb03-4e84-a2ea-9a3327b675f7">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000044749" id="a82e42a5-3a5a-4a68-ad10-35130c84bd84">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000044749" id="x_7ead40ea-ca23-4810-a340-34bdbb76232c">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000044749_C000139051" decimals="INF" id="e7c5303b-5a03-43d3-9537-ee4a76b4919a" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000044749_C000139051" decimals="INF" id="a8a06286-9538-4c35-b25d-7cb4c50fa7ea" unitRef="USD"> 121 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000044749_C000139051" decimals="INF" id="c958232e-150a-4d62-b969-d4bd6a8826b0" unitRef="USD"> 215 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000044749_C000139051" decimals="INF" id="e3b749bc-2fa7-47ff-969c-a81f97646462" unitRef="USD"> 489 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000044749" id="x_931ef434-a253-4488-b043-3efdb096ae7e">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000044749" id="x_06eab777-46c0-4fea-a8a1-aeb36f4cd17a">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">34</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000044749" decimals="4" id="x_6e227755-d2e2-4823-b09a-335075efdc4c" unitRef="pure"> 0.34 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000044749" id="ef7d1dbb-1441-47bd-91bb-ad7992064573">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000044749" id="a987476d-69da-4ade-9527-5ad5930242bc">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with all publicly traded U.S. stocks and then screens for all companies with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 500 largest U.S. stocks by market capitalization measured at the time the Index’s constituent securities are determined.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 500 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 500 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2021, the Index had a market capitalization range from $711.1 million to $2.3 trillion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000044749" id="x_529b6843-0c73-4a0d-8be3-35b0a257ba01">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000044749" id="df46d542-7e3e-4853-891b-40d51c344feb">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund also does not attempt to take defensive positions under any market conditions, including </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">the NAV. For example, the calculation of the NAV may be subject to fair valuation at different </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000044749" id="b9de7d17-d22e-42bd-9818-581f6817f4cf">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000044749" id="ec106906-1b5c-44ee-a6da-1a87c06f88ee">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000044749" id="x_5df11ccd-4e2f-4e1e-90db-4d02b87d2cec">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000044749" id="x_721c3c5c-ca7e-4ab7-8c0e-e4df8380bc21">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000044749" id="ca229055-4a57-4572-affb-aded45417072">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000044749" id="x_4cf42eaa-e4e9-46bc-a77d-bb2be0ff50f8">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000044749" id="x_4f3de90d-5482-4f93-a5d8-f507f5473efa">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000044749" id="x_21a6a26c-6f9b-44ef-a4b7-68a31adf000f">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">19.65%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">June 30, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-24.63%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">14.83%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000044749_C000139051" id="x_1a4b611d-b8e5-4560-a0d6-c21da6dbb04f">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000044749_C000139051" decimals="4" id="f6832be8-01a7-4d48-a637-ab94d490908c" unitRef="pure"> 0.1965 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000044749_C000139051" id="x_89c93a8e-e0e4-463a-ac39-d35065ab9e59"> 2020-06-30 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000044749_C000139051" id="x_24836084-6c1e-4910-8f9f-1509574667fa">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000044749_C000139051" decimals="4" id="x_312d1a7d-d1d9-46d8-958e-479278cfd927" unitRef="pure"> -0.2463 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000044749_C000139051" id="x_3d083f4d-0d64-419c-ab96-a8296a26fb85"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000044749_C000139051" id="e3f8eea8-5818-4388-9083-d39f386cff61">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000044749_C000139051" decimals="4" id="x_74d830c1-8ae2-49ea-b8b6-cdcfc32fee96" unitRef="pure"> 0.1483 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000044749_C000139051" id="x_5b43e4b9-8e73-4883-a335-6c557058fd86"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000044749" id="c8673201-78df-4b32-962b-e5ac95f9f5b7">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000044749" id="x_4c1b5946-c255-4796-aa3f-d6bb1de231e5">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000044749" id="e1c51dcf-2eac-4eb9-8a50-fec3ad7dfdbe">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000049904" id="a402b620-0e94-442e-aeed-ec6697beef78">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US Small Cap Volatility </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Wtd ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000049904" id="a6d59742-98ec-4444-b70d-0e4f2a53bcde">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000049904" id="f2891d9e-a522-4fab-851d-3d62dc3ee4cc">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US Small Cap Volatility Wtd ETF (the “Fund”) seeks to provide investment results </span><span style="font-family:Times New Roman;font-size:10pt;">that track the performance of the Nasdaq Victory US Small Cap 500 Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000049904" id="bc007e61-40f0-4790-9ef4-ce75b85993e3">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
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<rr:ExpenseNarrativeTextBlock contextRef="S000049904" id="b3d51a6b-69e0-479e-aec0-d1a21fe16dfb">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
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<rr:ShareholderFeeOther contextRef="S000049904_C000157585" decimals="INF" id="x_4a94b786-58f2-47a2-ad7f-e1492d3a57a2" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000049904" id="x_135bef52-a594-4863-b623-e08d5f1fe492">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
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<rr:ManagementFeesOverAssets contextRef="S000049904_C000157585" decimals="4" id="x_3fa2e4bc-b163-4a25-ba21-79b1e1f1852f" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000049904_C000157585" decimals="4" id="b52754b0-a417-4bf8-b2d2-dbef03259e7c" unitRef="pure"> 0.0025 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000049904_C000157585" decimals="4" id="ddc45568-572f-4dfe-9ff5-5c20a63d3df4" unitRef="pure"> 0.0055 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000049904_C000157585" decimals="4" id="x_1fb08d8c-f64e-43a7-a57f-46840825f791" unitRef="pure"> -0.0020 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000049904_C000157585" decimals="4" id="x_0194ccff-dcb4-42d6-844b-34ca131c3aa5" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
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<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
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<rr:ExpenseExampleHeading contextRef="S000049904" id="x_9d3f4086-5121-43f3-91dd-cd78c18300c5">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<rr:ExpenseExampleNarrativeTextBlock contextRef="S000049904" id="x_71918e6e-a8ff-4680-aa9d-329a34b09dfb">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
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<rr:ExpenseExampleYear01 contextRef="S000049904_C000157585" decimals="INF" id="x_44e54300-ae6d-45dd-89e8-9cdd57e23d7b" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000049904_C000157585" decimals="INF" id="e4049c98-8a15-45d7-b572-7940638445c3" unitRef="USD"> 156 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000049904_C000157585" decimals="INF" id="x_46cad0e0-ea35-4ed0-8115-88de3ffae842" unitRef="USD"> 287 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000049904_C000157585" decimals="INF" id="x_2b1deaaa-17b8-46c2-8667-cedd53b83087" unitRef="USD"> 670 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000049904" id="x_1ad70363-3a72-4b34-80a9-3804f64e9a2d">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<rr:PortfolioTurnoverTextBlock contextRef="S000049904" id="x_71b7bd5a-2043-4375-a052-d89e77864870">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">71</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000049904" decimals="4" id="x_508346ce-c1a1-45d9-add8-b3ae3ac1294e" unitRef="pure"> 0.71 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000049904" id="x_8378c87a-7dd6-42b8-a2d5-8d1455d68a5e">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000049904" id="x_62b6640d-e757-422a-9787-ff0e02fb1edb">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Small Cap 500 Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with all publicly traded U.S. stocks and then screens for all companies with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 500 largest U.S. companies with market capitalizations of less than $3 billion measured at the time the Index’s constituent securities are determined.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 500 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 500 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2021, the Index had a market capitalization range from $258.6 million to $3.4 billion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index.</span>
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<rr:RiskHeading contextRef="S000049904" id="b7332623-c386-43a8-8c80-5b7b7276851c">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Small-Capitalization Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, making it difficult for a Fund to buy and sell them at the time and price desired, and these issuers often face greater business risks. Small-capitalization companies typically are less financially stable than larger, more established companies, and may depend on a small number of key personnel, making them vulnerable to loss of personnel. These companies also generally have less diverse product lines than larger capitalization companies and are more susceptible to adverse developments related to their products.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">by the exchange specialists, market makers or other participants that trade the particular </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000049904" id="eccb60a1-16c4-4293-a86d-3d4e3bed2427">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000049904" id="x_4c9d175d-06d0-4bfd-9d9f-fcc08b2e0fca">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
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<rr:PerformanceNarrativeTextBlock contextRef="S000049904" id="x_4f955faf-3975-4e67-8192-8d75efd42606">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000049904" id="b471369f-57d4-4f13-9634-7971eee408c7">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000049904" id="x_4559d756-8db6-4852-b846-4006352a0984">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000049904" id="e9e08fd0-7f2d-4810-a1c4-aeb87ab104d5">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
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<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">31.90%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-33.16%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">20.34%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
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<rr:HighestQuarterlyReturnLabel contextRef="S000049904_C000157585" id="x_4e046c87-e2ae-4d6d-971b-884866735973">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
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<rr:BarChartHighestQuarterlyReturn contextRef="S000049904_C000157585" decimals="4" id="x_84f018b7-0d32-4fa0-a70d-df424c7d1991" unitRef="pure"> 0.3190 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000049904_C000157585" id="x_15bd9033-cd7e-4b21-b39f-65034ec9de12"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000049904_C000157585" id="c89ad752-1a97-479f-af52-b44a45897862">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000049904_C000157585" decimals="4" id="f80d92bd-eb15-40aa-a232-30e1373c2309" unitRef="pure"> -0.3316 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000049904_C000157585" id="x_512c9bbe-957d-433f-9837-f4fb833b7b02"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000049904_C000157585" id="e1cd8cde-f83b-4bd4-8f4b-498b060eb95a">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000049904_C000157585" decimals="4" id="c350eb4a-173f-4398-8009-302de7d121c0" unitRef="pure"> 0.2034 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000049904_C000157585" id="x_2757441c-3af1-41e6-808b-48092327c1d1"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000049904" id="x_49e42ac6-3aeb-4f86-88e8-d5a5e55509a9">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000049904" id="x_8dfaf0e7-9148-4652-9ab2-911aa2ac4da1">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000049904" id="f41a14ad-df21-4339-8fa7-4ee7f8aace2b">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000049905" id="b16ea0c1-38df-4899-a3a8-87dc5fa4f29e">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares International Volatility Wtd </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000049905" id="x_7ad4a9e7-3a30-4bff-ad89-2b943fc9e057">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000049905" id="x_3d58577e-6940-41aa-8ab4-1114b1d25983">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares International Volatility Wtd ETF (the “Fund”) seeks to provide investment results </span><span style="font-family:Times New Roman;font-size:10pt;">that track the performance of the Nasdaq Victory International 500 Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000049905" id="x_4fe03fba-bb4f-4909-a7d5-5bc96f388fa6">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000049905" id="x_6b56cbaa-1e75-4899-b1d0-129b3c0671bd">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000049905_C000157586" decimals="INF" id="x_38056020-79a2-4483-8250-2dbd2c7e4a2f" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000049905" id="d1f50a29-64bc-4066-9d4f-1e02d214e01e">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000049905_C000157586" decimals="4" id="x_82859327-3e14-487e-98c8-8c43e1ebedf9" unitRef="pure"> 0.0040 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000049905_C000157586" decimals="4" id="df1071e4-d0e7-44a1-904a-b75112f64760" unitRef="pure"> 0.0023 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000049905_C000157586" decimals="4" id="edd50852-48de-4186-bbd4-381e53f66fcf" unitRef="pure"> 0.0063 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000049905_C000157586" decimals="4" id="x_52a2f0ce-f181-445f-8d4d-81f78d769391" unitRef="pure"> -0.0018 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000049905_C000157586" decimals="4" id="x_65f35e7d-1cd7-4e6f-89dc-9a4883cdfdf2" unitRef="pure"> 0.0045 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000049905" id="b0fc73d1-6356-45c6-bcea-330a766fcaa5">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000049905" id="c363bbf5-7dbe-4ebc-9e20-57e057985c4e">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<rr:ExpenseExampleNarrativeTextBlock contextRef="S000049905" id="x_884c99d0-7df6-411d-bf74-c952368fd554">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000049905_C000157586" decimals="INF" id="x_80268d2d-610e-4e0f-a5be-355b34ef3d64" unitRef="USD"> 46 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000049905_C000157586" decimals="INF" id="x_62128fd2-23dc-4399-9e3c-37f30b94e21f" unitRef="USD"> 184 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000049905_C000157586" decimals="INF" id="d6729365-68fe-470a-84ed-b8f72f342c24" unitRef="USD"> 333 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000049905_C000157586" decimals="INF" id="x_62c0448b-6a1a-4072-9ecc-2bd5a9204a9f" unitRef="USD"> 769 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000049905" id="dea84368-4913-408d-b163-43dda73c3ff8">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000049905" id="x_53a6a478-83c0-4b25-992f-3d88f136a3fe">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">45</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000049905" decimals="4" id="b4e8eeec-34ab-4d52-878c-e9a5aeca1a87" unitRef="pure"> 0.45 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000049905" id="x_6901ce1b-df8e-40f7-824e-bbe38c7fc6b8">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000049905" id="f8029874-bdda-4add-81ba-8f40c7a900a6">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory International 500 Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with all publicly traded foreign companies and then screens for all companies with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 500 largest foreign companies by market capitalization measured at the time the Index’s constituent securities are determined.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 500 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index considers foreign companies to be those that are organized or domiciled in a developed </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">country (excluding the U.S. and emerging markets) and whose stock principally trades on a foreign exchange. Representative developed markets include Canada, France, Germany, Japan, Hong Kong and Australia.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular country to 20% and any particular sector to 25%. The Index may include more than or fewer than 500 stocks depending on the number of companies meeting the Index’s criteria.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to track the returns of the Index before fees and expenses by employing, under </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">normal circumstances, a “sampling” process to invest in a representative sample of stocks included in the Index. The Fund’s portfolio managers select these stocks using a statistical optimization process designed to produce investment characteristics that closely approximate those of the Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000049905" id="x_60f81b3d-2e8a-4752-bcd9-2b2340527ed2">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000049905" id="x_9e2bb470-db9b-41ae-8d2a-78ed7002da00">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Foreign securities (including depositary receipts) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and </span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly </span><span style="font-family:Times New Roman;font-size:10pt;">available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. Depositary receipts may have additional risks, including creditworthiness of the depositary bank and the risk of an illiquid market. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Sampling Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. As a result, an adverse development with an issuer or a small number of issuers of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">creation/redemption process, particularly if the market for shares becomes less liquid in </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000049905" id="x_97e4b2fc-afd2-41b8-8095-57cad5f62df1">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000049905" id="x_73b1bb08-bf9e-4705-9a2d-bfb7d24e497d">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000049905" id="be1bb2c1-7ade-491e-872c-9e75e22b74d6">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000049905" id="c779d0a3-dad3-4347-8d62-d23545bb0098">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000049905" id="x_1eeb093e-0d14-45de-89b9-0f96bd5d3625">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000049905" id="x_67e8b229-67a2-4e85-adb4-1d8fcc56fa6b">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000049905" id="x_9e393a58-225d-42dd-b5f1-6fece6d17eac">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000049905" id="x_1accf60c-b80d-4138-8995-586bc89d395c">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">14.02%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-22.89%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:16.09%;">8.89%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000049905_C000157586" id="aae7e9f8-c222-4c3d-93c3-f5c2441bc4b2">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000049905_C000157586" decimals="4" id="x_93109565-25b8-4bbc-888e-9c93532804fd" unitRef="pure"> 0.1402 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000049905_C000157586" id="c49a0b09-9db7-47ff-849d-ac36d61f5f26"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000049905_C000157586" id="x_35ba3d7f-2a3a-4a6b-8b34-337727632d1d">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000049905_C000157586" decimals="4" id="x_22af50ad-ce3e-4aa2-80f4-2851b667e719" unitRef="pure"> -0.2289 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000049905_C000157586" id="ff7e0840-48ed-424d-b06f-81191cd74071"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000049905_C000157586" id="x_51b29b4c-b17e-4f63-877c-7828fd16b21f">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000049905_C000157586" decimals="4" id="x_298270c3-a44f-44a1-ae1d-a1e134cf9c40" unitRef="pure"> 0.0889 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000049905_C000157586" id="x_2f857f84-7056-46ca-a0ff-c4bee9d82e35"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000049905" id="x_9c8a34d4-8d3a-4b30-ae5f-6e6c7ac058da">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000049905" id="x_49f8f729-1f48-46eb-b07b-220d6635982c">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000049905" id="x_6d9fd643-86a8-41a1-a21b-95d4670ec904">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000049907" id="x_1d307db1-8d06-4f48-9962-4a85c88675c8">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US Large Cap High Div </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000049907" id="x_9ad68d08-a8c8-4a54-ad1b-1d6665c7ec26">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000049907" id="bcfd81a5-2a03-4f33-bce1-c45fc47a9f3b">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US Large Cap High Div Volatility Wtd ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that track the performance of the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000049907" id="e2b84971-3d7b-4de8-a04c-c2e6a80f84d6">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000049907" id="cbb87917-3fd0-4714-8593-b3920e7aeaed">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000049907_C000157588" decimals="INF" id="becc0b55-63d7-4391-8a4a-9413a57eff39" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000049907" id="cefd91f3-9d29-495d-a39f-3c724eaaddd5">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000049907_C000157588" decimals="4" id="x_38f04f6e-6c8e-4660-97b4-4e2b633cd911" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000049907_C000157588" decimals="4" id="x_1381e9a2-871e-465e-8863-e31cb20c37eb" unitRef="pure"> 0.0011 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000049907_C000157588" decimals="4" id="dc0b3c28-b03e-4225-904e-51e99924001e" unitRef="pure"> 0.0041 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000049907_C000157588" decimals="4" id="x_8f298eb6-6042-461c-9867-98304e3b4b36" unitRef="pure"> -0.0006 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000049907_C000157588" decimals="4" id="x_5ddbb6bb-0cf9-40ed-a4b8-4b00ecfb4f65" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000049907" id="x_17519a65-4c83-4870-bd1a-f209ccb48ef0">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000049907" id="c5764008-208a-4ad3-9bd4-4dc6ecb73c61">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000049907" id="x_9cae1082-90d2-4df1-b985-ee8a07d4c791">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000049907_C000157588" decimals="INF" id="x_5a59d235-c52e-48e9-824c-e86a99124381" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000049907_C000157588" decimals="INF" id="x_82f08d4c-f28a-44a8-a408-8dd26ea60c82" unitRef="USD"> 126 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000049907_C000157588" decimals="INF" id="eb429f77-efc2-4dc7-8533-d2707adcbe0f" unitRef="USD"> 224 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000049907_C000157588" decimals="INF" id="e5295054-433b-414e-b2e0-d1330d606a6c" unitRef="USD"> 512 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000049907" id="x_4f789009-d42f-4907-8b77-065400027d52">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000049907" id="x_645dd197-f588-4cc4-b0a2-ede7ed56ba65">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">67</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000049907" decimals="4" id="a53401a2-2d92-4265-a96d-e81103db0561" unitRef="pure"> 0.67 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000049907" id="x_20146749-f8b0-4b4e-8d98-cc714f728b4f">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000049907" id="x_6cfbb7da-52fb-4f70-a7fd-c3bf49576b71">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with the stocks included in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index, a volatility weighted index comprised of the 500 largest U.S. companies by market capitalization with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 100 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 100 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2021, the Index had a market capitalization range from $711.1 million to $425.1 billion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000049907" id="x_9c56b66f-76a6-495d-82fa-5068d58612e5">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000049907" id="ba035427-28cf-4b2b-8f76-d7c68fd7a723">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Strategy Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund’s dividend strategy may not be successful. Dividend paying stocks may fall out of favor relative to the overall market. In addition, the Index may not successfully identify companies that meet its objectives.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000049907" id="c46a4f57-11fd-45a8-b2a7-dbf616ad011b">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000049907" id="x_334fcacf-ebd0-4db2-8de5-3beb8e1313ba">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000049907" id="x_3438ba5a-039d-4cf5-974c-dcbf645cd0bd">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000049907" id="x_2007e526-4790-4a09-bdc8-9d0dae45bf05">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000049907" id="x_91df88a5-2eb9-45c2-8319-9113a95ed30f">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000049907" id="f1e13c03-7fff-4b64-84ab-c220ccb60a6e">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000049907" id="x_780abaaa-41d4-4549-80b7-7b45279ba2f9">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000049907" id="x_25475681-74b6-4b20-abd1-e86770341a17">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">18.17%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-30.00%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">21.81%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000049907_C000157588" id="x_0f5b5f47-f755-4519-9d43-bcaa84408f8e">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000049907_C000157588" decimals="4" id="x_938e50ab-7de6-4ab1-a10b-4230751d0e59" unitRef="pure"> 0.1817 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000049907_C000157588" id="x_2c8c9efc-c060-4385-b50b-f2df62295aec"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000049907_C000157588" id="x_6f8fb421-7137-4359-b850-368453515fb6">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000049907_C000157588" decimals="4" id="ece0f86b-7371-4127-88ca-a007de6ae9e9" unitRef="pure"> -0.3000 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000049907_C000157588" id="x_2428cde9-282e-4452-b9bc-a44f9d4a1fde"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000049907_C000157588" id="b94164ca-1b85-4b88-aa18-c30be7927fcd">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000049907_C000157588" decimals="4" id="x_9ac0cfb8-5846-4333-8a5e-2d596c8322ca" unitRef="pure"> 0.2181 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000049907_C000157588" id="x_47f4eccd-25e9-441a-915c-bf875ffdd4b9"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000049907" id="d76598fb-f59a-4c7c-b312-fa0dad644e7d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000049907" id="a1a2c15f-d109-49ca-bb04-b5256efb230b">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000049907" id="x_1a1aeeb9-095f-4499-bab3-4768c1db4fd8">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000049908" id="x_311dea70-e4b0-440d-a568-c6418d8d95f0">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US Small Cap High Div </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000049908" id="x_6516adcd-9fd7-43da-9808-ba4f97ef7603">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000049908" id="x_42dd1c4b-36de-486a-ad0a-3e6fa182dec6">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US Small Cap High Div Volatility Wtd ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that track the performance of the Nasdaq Victory US Small Cap High Dividend 100 Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000049908" id="x_3bfb5c34-4ee6-4329-868e-f0898291586e">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000049908" id="a7a7cfdc-18e2-465b-9614-e4c85ce62ff7">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000049908_C000157589" decimals="INF" id="x_099321be-d670-4fac-bca4-ad7c9fad805c" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000049908" id="ac0d9cd9-ec36-4bff-9a8d-df667ee80f50">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000049908_C000157589" decimals="4" id="eb300589-bf3a-4b6c-8b98-bfd8f04b8a4e" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000049908_C000157589" decimals="4" id="x_673088f0-be17-45a6-943d-9ecf16cabebd" unitRef="pure"> 0.0012 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000049908_C000157589" decimals="4" id="x_2b7639e3-3581-405a-b593-b71de0ea9c2f" unitRef="pure"> 0.0042 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000049908_C000157589" decimals="4" id="b49066f1-876e-4feb-9fba-4e504d547690" unitRef="pure"> -0.0007 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000049908_C000157589" decimals="4" id="x_109bc543-d36f-4cbc-952f-e235c32610ff" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000049908" id="x_53b5de04-263f-495d-9b59-966f5e290dc5">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000049908" id="x_280293e6-6301-4f89-b5ee-87ac9593cf2a">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000049908" id="ea3e154a-5572-426e-99f8-f4b285d86b4b">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000049908_C000157589" decimals="INF" id="x_6c5fd661-8f9e-45ec-8429-3ab583b0f27f" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000049908_C000157589" decimals="INF" id="b96da049-cc61-42e8-9eeb-a2c2b5e5553b" unitRef="USD"> 128 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000049908_C000157589" decimals="INF" id="ccd7de12-28ab-4c8a-9a7d-52eaf099c3e2" unitRef="USD"> 228 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000049908_C000157589" decimals="INF" id="x_8141a04d-c6a3-43fb-8a3f-a87b6117c75a" unitRef="USD"> 523 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000049908" id="x_7bc113de-7116-4db7-a039-a41e15677c22">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000049908" id="x_1ab87d88-9723-4e03-b6d0-8bbfaf791ea5">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">104</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000049908" decimals="4" id="fd3e1e49-4c5e-4708-adc2-d1e58c3f527f" unitRef="pure"> 1.04 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000049908" id="x_8b972f7a-ab13-4a78-a5c4-fe3ae8189c56">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000049908" id="x_23eff222-8651-4112-b752-2fbb05b1c4f2">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Small Cap High Dividend 100 Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with the stocks included in the Nasdaq Victory US Small Cap 500 Volatility Weighted Index, a volatility weighted index comprised of the 500 largest U.S. companies with market capitalizations of less than $3 billion with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory US Small Cap 500 Volatility Weighted Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 100 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 100 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2021, the Index had a market capitalization range from $258.6 million to $2.9 billion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000049908" id="bd2d1ae4-2ae4-4155-964e-3d1f2e44b73c">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000049908" id="x_22a84a92-264b-463e-83dd-7a15c818f812">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Small-Capitalization Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, making it difficult for a Fund to buy and sell them at the time and price desired, and these issuers often face greater business risks. Small-capitalization companies typically are less financially stable than larger, more established companies, and may depend on a small number of key personnel, making them vulnerable </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">to loss of personnel. These companies also generally have less diverse product lines than larger </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">capitalization companies and are more susceptible to adverse developments related to their products.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Strategy Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund’s dividend strategy may not be successful. Dividend paying stocks may fall out of favor relative to the overall market. In addition, the Index may not successfully identify companies that meet its objectives.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">creation/redemption process, particularly if the market for shares becomes less liquid in </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000049908" id="e9c5cace-9fb9-43de-ae7f-735ad81bb459">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000049908" id="x_2c2f4233-544c-402a-b82c-5a89a86e024b">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
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<rr:PerformanceNarrativeTextBlock contextRef="S000049908" id="x_2a223c62-4642-45ea-ad6d-fbeea1ab4bae">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000049908" id="x_163d3bec-6165-4bc7-aed9-b55910e37328">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000049908" id="x_203085b6-4c4f-4bf9-976a-d0c03c13b628">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
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<rr:BarChartHeading contextRef="S000049908" id="cc5d2d4a-5882-463d-84dd-e26ab237936b">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
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<rr:BarChartClosingTextBlock contextRef="S000049908" id="x_5e7b3d98-e4d2-4488-8fb9-71410b0d27bc">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">34.09%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-32.91%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">17.75%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
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<rr:HighestQuarterlyReturnLabel contextRef="S000049908_C000157589" id="x_4fb4d451-0b97-4b1d-ba64-d2afc76a00ea">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000049908_C000157589" decimals="4" id="x_5b317b1a-c822-46b8-8b01-864669d6aebf" unitRef="pure"> 0.3409 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000049908_C000157589" id="a5d97c58-47fe-4b5f-8276-3fee49dd7bdc"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000049908_C000157589" id="x_7a90e715-5b90-49fd-a731-1314065cae48">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000049908_C000157589" decimals="4" id="f0728da3-8fcb-48f3-8aa0-df2ae717d429" unitRef="pure"> -0.3291 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000049908_C000157589" id="x_477593c8-7fbe-492d-8fc8-a0fad892c245"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000049908_C000157589" id="x_4fcf9be7-c206-49be-b329-36d966c7c9bf">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000049908_C000157589" decimals="4" id="e9535aae-cb1e-49bc-9568-0bf179580f14" unitRef="pure"> 0.1775 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000049908_C000157589" id="x_0a6a00b5-e1f6-4d46-be62-6da6ee6726a1"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000049908" id="x_8a51bf02-26a0-4be4-8a99-46912cb7ee88">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000049908" id="c12629ef-9443-4445-b0a1-f82707497c1e">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000049908" id="x_836764cd-91e6-4453-95ed-0e3f5d83aeee">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000049909" id="x_4991ecf2-4ea2-48d3-9917-dd7d213662d3">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares International High Div </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000049909" id="x_30a64b0f-f946-4489-bb2e-dfc45476bf09">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000049909" id="x_3cfd47e5-912e-479a-8722-ea225df64dd0">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares International High Div Volatility Wtd ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that track the performance of the Nasdaq Victory International High Dividend 100 Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000049909" id="ea5de7a7-ac74-4715-8db2-547a3952b30d">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000049909" id="d70def75-3560-48ca-a50c-257df645eb31">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000049909_C000157590" decimals="INF" id="x_34572001-d859-4646-85d3-ed8102a9cfdd" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000049909" id="x_05859e19-eeff-4b8d-ae23-d3dded6a990b">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000049909_C000157590" decimals="4" id="e27536ff-04ef-4d02-a6e7-edc0bda84793" unitRef="pure"> 0.0040 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000049909_C000157590" decimals="4" id="x_756a245f-f0e1-4271-a657-20d0b4efd89f" unitRef="pure"> 0.0026 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000049909_C000157590" decimals="4" id="a4c0a667-f575-4e1a-98a9-362373f04835" unitRef="pure"> 0.0066 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000049909_C000157590" decimals="4" id="c8d1f37a-5b0d-4792-9cff-f624f7f0f1aa" unitRef="pure"> -0.0021 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000049909_C000157590" decimals="4" id="x_1bbbc64e-eeb0-43ab-b6ed-d49153f84ba9" unitRef="pure"> 0.0045 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000049909" id="da1d3520-a424-44e1-b3f8-687eccb30b6b">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000049909" id="x_4a6743ad-3fa7-4ba7-8fa9-3ee1eee1360e">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000049909" id="bec24a3e-2845-4140-808a-1a95dea814e1">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000049909_C000157590" decimals="INF" id="ef8d9f03-c014-4da4-a060-f46f36a7a18f" unitRef="USD"> 46 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000049909_C000157590" decimals="INF" id="a308fb17-3e06-4442-8e7b-4268d6848826" unitRef="USD"> 190 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000049909_C000157590" decimals="INF" id="x_7295362d-9c08-4df0-8920-e5adea3f07ba" unitRef="USD"> 347 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000049909_C000157590" decimals="INF" id="x_5e611b8b-0320-4597-a2f6-41c75fe7fa65" unitRef="USD"> 803 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000049909" id="adbd7ae1-f3e0-4a69-ad31-62897a9aa8be">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000049909" id="eb6eccff-a887-46a8-9ea7-97163328d703">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">111</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000049909" decimals="4" id="e86e229f-0c37-4cdd-af49-9e0384b43a7f" unitRef="pure"> 1.11 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000049909" id="x_11c76898-00cd-4b06-99a7-8ebee5cc2daf">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000049909" id="cf370d66-a0d0-459b-84b3-e469262cfe80">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory International High Dividend 100 Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with the stocks included in the Nasdaq Victory International 500 Volatility Weighted Index, a volatility weighted index comprised of the 500 largest foreign companies by market capitalization with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory International 500 Volatility Weighted Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 100 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index considers foreign companies to be those that are organized or domiciled in a developed </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">country (excluding the U.S. and emerging markets) and whose stock principally trades on a foreign exchange. Representative developed markets include Canada, France, Germany, Japan, Hong Kong and Australia.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular country to 20% and any particular sector to 25%. The Index may include more than or fewer than 100 stocks depending on the number of companies meeting the Index’s criteria.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to track the returns of the Index before fees and expenses by employing, under </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">normal circumstances, a “sampling” process to invest in a representative sample of stocks included in the Index. The Fund’s portfolio managers select these stocks using a statistical optimization process designed to produce investment characteristics that closely approximate those of the Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000049909" id="a79b3502-02b3-44e1-b8fe-4a37b8725eaa">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000049909" id="dc30f174-62e2-42f9-a438-efa430d9f90e">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Foreign securities (including depositary receipts) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. Depositary receipts may have additional risks, including creditworthiness of the depositary bank and the risk of an illiquid market. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Strategy Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund’s dividend strategy may not be successful. Dividend paying stocks may fall out of favor relative to the overall market. In addition, the Index may not successfully identify companies that meet its objectives.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Sampling Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. As a result, an adverse development with an issuer or a small number of issuers of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not. The Fund’s use of representative sampling may cause the tracking error to be higher than would be the case if the Fund purchased all of the securities in the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges. Because the Fund generally relies on the last quoted prices for such securities when calculating its NAV, such events may cause shares to trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000049909" id="aef2ea92-a147-43ac-8ebc-d33a6f7d0a26">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000049909" id="x_37c9f2c8-9d7d-486b-bee3-9bf10d28d523">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000049909" id="c8e1e32a-c613-4382-adfe-52f4142cbdf9">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000049909" id="fa1738b8-e82d-48db-928c-9a156d232f2c">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000049909" id="d358645d-8bb6-4cf9-9648-904ac061ef2d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000049909" id="x_56164ee6-416c-4f2b-bbad-2bc51501c311">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000049909" id="x_3850e306-7e1b-41b0-b47e-8ba835cb2510">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000049909" id="x_5daeac7f-2902-483c-8a6c-a7fe39336c66">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">17.33%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-32.11%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">10.51%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000049909_C000157590" id="x_03817da9-6a77-4323-a2a1-6c704bf8c65f">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000049909_C000157590" decimals="4" id="x_0155a4a3-c09f-44eb-8991-fef321f0c652" unitRef="pure"> 0.1733 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000049909_C000157590" id="x_121b2107-f3e3-4fff-9fcd-b2fb95d2db4d"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000049909_C000157590" id="a8e9bdf7-8e85-46d5-b5f2-555ae229728b">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000049909_C000157590" decimals="4" id="x_086e53af-fec0-4f52-b040-add8dc697c89" unitRef="pure"> -0.3211 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000049909_C000157590" id="x_70e218b5-ed02-42bc-8b07-18df1f1449ee"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000049909_C000157590" id="x_241a1b10-e5f4-456b-a60d-794f90990585">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000049909_C000157590" decimals="4" id="f8ced26e-b32a-4e0d-9ac0-471ab52fae16" unitRef="pure"> 0.1051 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000049909_C000157590" id="x_9f4f3e7a-c35b-4b3c-8c32-7cbe62fbd7fb"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000049909" id="x_3108cfeb-570e-46d4-b93f-2e28ea3ae415">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000049909" id="x_365988e0-63a9-4ec7-942f-c5a86b675abd">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000049909" id="x_39b2eda0-f494-46d9-bcb4-6227ef568f1f">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000049910" id="ab631f7b-9991-40f4-9ad3-bd64fba71c0d">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares Emerging Market High Div </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares Emerging Market High Div Volatility Wtd ETF (the “Fund”) seeks to provide </span><span style="font-family:Times New Roman;font-size:10pt;">investment results that track the performance of the Nasdaq Victory Emerging Market High Dividend 100 Volatility Weighted Index (the “Index”) before fees and expenses.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
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<rr:ShareholderFeeOther contextRef="S000049910_C000157591" decimals="INF" id="ee0cc5e9-f0b1-42bf-a7dc-f0b6718ce1ed" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000049910" id="c0cca6d3-a8ca-40d5-b0b0-7a07e5b56bd1">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
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<rr:ManagementFeesOverAssets contextRef="S000049910_C000157591" decimals="4" id="x_93b90e7f-9d42-4189-930e-0ddbc325de51" unitRef="pure"> 0.0045 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000049910_C000157591" decimals="4" id="x_5699f14b-db38-487f-b56e-1d7eafc92593" unitRef="pure"> 0.0074 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000049910_C000157591" decimals="4" id="x_30e9611f-7abc-46b1-9a9e-40ddb6d28ac9" unitRef="pure"> 0.0119 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000049910_C000157591" decimals="4" id="b3ed0eca-7b3f-4a12-b713-84536376d721" unitRef="pure"> -0.0069 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000049910_C000157591" decimals="4" id="cedc7500-41ee-41a7-be0b-a1f8f7f1be9b" unitRef="pure"> 0.0050 </rr:NetExpensesOverAssets>
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<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
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<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
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<rr:ExpenseExampleYear01 contextRef="S000049910_C000157591" decimals="INF" id="x_17d953fc-c536-40cd-a045-5df648c092e0" unitRef="USD"> 51 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000049910_C000157591" decimals="INF" id="x_4f57d701-cc61-41d3-973f-7c82ba4960bd" unitRef="USD"> 309 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000049910_C000157591" decimals="INF" id="a0a1628d-f889-47de-b147-a9a599e7a211" unitRef="USD"> 588 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000049910_C000157591" decimals="INF" id="x_99924f40-5fc6-4d08-a091-659c3268e89f" unitRef="USD"> 1382 </rr:ExpenseExampleYear10>
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<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">101</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
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<rr:PortfolioTurnoverRate contextRef="S000049910" decimals="4" id="bce8ac8b-2a27-4824-bdb3-ea4a006cb141" unitRef="pure"> 1.01 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000049910" id="d05ca5b7-b4ac-41f3-98f8-f380fb0ecb4a">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory Emerging Market High Dividend 100 Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with the stocks included in the Nasdaq Victory Emerging Market 500 Volatility Weighted Index, a volatility weighted index comprised of the 500 largest emerging market companies by market capitalization with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory Emerging Market 500 Volatility Weighted Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 100 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index considers emerging market companies to be those that are organized or domiciled in an </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">emerging market country and whose stock principally trades on a foreign exchange. Emerging markets are generally those with a less-developed economy and per capita income significantly lower than the U.S. or other developed countries. Representative emerging market countries include China (Asia), Brazil (South America), Russia (Europe and Asia), India (Asia) and Egypt (Africa).</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular country to 20% and any particular sector to 25%. The Index may include more than or fewer than 100 stocks depending on the number of companies meeting the Index’s criteria.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to track the returns of the Index before fees and expenses by employing, under </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">normal circumstances, a “sampling” process to invest in a representative sample of stocks included in the Index. The Fund’s portfolio managers select these stocks using a statistical optimization process designed to produce investment characteristics that closely approximate those of the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">At times, the Fund may invest in other investment companies, including exchange-traded funds </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">(“ETFs”), in order to access a particular asset class or market.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Foreign securities (including depositary receipts) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. Depositary receipts may have additional risks, including creditworthiness of the depositary bank and the risk of an illiquid market. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Emerging Markets Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The risks related to investing in foreign securities are generally greater with respect to securities of companies that conduct their business activities in emerging markets or whose securities are traded principally in emerging markets. The risks of investing in emerging markets include the risks of illiquidity, increased price volatility, smaller market capitalizations, limited reliable access to capital, less government regulation (including limitations on the available rights and remedies), market manipulation concerns, less extensive and less frequent recordkeeping,</span><span style="font-family:Times New Roman;font-size:10pt;">accounting, financial and other reporting requirements, risk of loss resulting from problems in share registration and custody, risks related to foreign investment structures, substantial economic and political disruptions and the nationalization of foreign deposits or assets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Smaller Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Strategy Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund’s dividend strategy may not be successful. Dividend paying stocks may fall out of favor relative to the overall market. In addition, the Index may not successfully identify companies that meet its objectives.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not. The Fund’s use of representative sampling may cause the tracking error to be higher than would be the case if the Fund purchased all of the securities in the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Sampling Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. As a result, an adverse development with an issuer or a small number of issuers of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market's close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund's actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Tax-Efficiency Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Redemptions of shares may be effected for cash, rather than in kind, which means that the Fund may need to sell portfolio securities in order to complete an in-cash redemption, and may recognize net gains on these sales. As a result, investments in the shares may be less tax-efficient than investments in ETFs that redeem solely or principally in kind, and the Fund may pay out higher annual capital gain distributions than if the in-kind redemption process was used.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000049910" id="db22130c-2ae2-4552-a14e-578570ce375e">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000049910" id="x_94e59397-968c-4896-b9ce-d7ea6900d7e9">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000049910" id="d3ba067a-69c7-4722-8885-b0b4e73d1e9a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000049910" id="x_8ed1deed-d5f9-4faf-9530-a1777fb12fa2">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000049910" id="c46f915e-f9ce-48cd-a9ce-5f4d2b2002fe">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000049910" id="eade246c-627a-4ff7-a29b-a55f3e652cb7">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000049910" id="d7d3a1db-3ebc-4df3-848d-7f53b58c3118">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">19.09%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-28.09%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">12.77%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000049910_C000157591" id="x_13a0728c-bf1b-46c1-bb83-6c46ae506155">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000049910_C000157591" decimals="4" id="x_4a39363c-3332-4b7e-b6a4-32f615d24252" unitRef="pure"> 0.1909 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000049910_C000157591" id="x_77ad24a2-4ed1-463a-acf4-2f02d38652f1"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000049910_C000157591" id="x_6345cf40-f297-4561-bb4c-16faf279ee68">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000049910_C000157591" decimals="4" id="x_6c1e9076-0461-4662-a70e-8cca234afde7" unitRef="pure"> -0.2809 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000049910_C000157591" id="x_67d740d9-a54b-44fc-a84f-40f61ba2b596"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000049910_C000157591" id="x_565ad8e7-ff0f-4441-97d2-d1e733a9d16a">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000049910_C000157591" decimals="4" id="x_769bf73d-5e14-4c4f-b8c6-fc089549a052" unitRef="pure"> 0.1277 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000049910_C000157591" id="fe450b0e-6382-4651-8203-a0a307a6bca1"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000049910" id="x_25ddb5ec-afa2-4ea2-a1ea-b93e2002b3cf">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000049910" id="x_573e6350-752a-4205-a126-5362aead7d95">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000049910" id="e830b225-a0cd-4d6a-b55e-a146e8650e88">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000056886" id="e39f9631-be05-479b-89b8-e981a69b5fc0">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares Dividend Accelerator ETF </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000056886" id="x_2f7923a7-10a9-4e0a-a37d-95fd73c9ec5c">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000056886" id="x_5bfe6130-dad6-4b77-9488-80a1c98682ac">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares Dividend Accelerator ETF (the “Fund”) seeks to provide investment results that </span><span style="font-family:Times New Roman;font-size:10pt;">track the performance of the Nasdaq Victory Dividend Accelerator Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000056886" id="x_1a560928-3fcd-4563-9306-12a06098108a">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000056886" id="x_790b24ae-725f-4441-a155-a675167a7a25">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000056886_C000180597" decimals="INF" id="x_4f953aa5-08c9-411f-a7a3-497d9a51094a" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000056886" id="x_885013e9-1707-4b8f-b445-c5c3894f18b2">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000056886_C000180597" decimals="4" id="c208686a-518e-4d6d-bc56-bbba5d6afe33" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000056886_C000180597" decimals="4" id="f4d3226a-3a5d-493d-b449-724a9009607c" unitRef="pure"> 0.0010 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000056886_C000180597" decimals="4" id="aa6b9afb-fa0e-481a-bb19-5192d6e485fc" unitRef="pure"> 0.0040 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000056886_C000180597" decimals="4" id="cbec5931-d07e-4cdc-9760-99a02e1260e4" unitRef="pure"> -0.0005 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000056886_C000180597" decimals="4" id="dd1bea62-2cf9-4453-bc53-5d364a4ffe0f" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000056886" id="x_243c049c-64a8-498c-83d1-27f947668afb">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000056886" id="x_2329e06d-4a5d-4082-bb65-defd86bbff49">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000056886" id="x_21b8b78a-1c93-4a76-b3a3-53d8f75e5bca">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000056886_C000180597" decimals="INF" id="dc305138-1761-4fa8-a068-fc70240f296e" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000056886_C000180597" decimals="INF" id="x_5dbbcf54-6026-46dc-bcd3-930a38d83ff9" unitRef="USD"> 123 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000056886_C000180597" decimals="INF" id="x_784688a9-bff8-46ad-bbb7-0c52dc265e7b" unitRef="USD"> 219 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000056886_C000180597" decimals="INF" id="da6c09af-24e9-466e-a1a3-447ec33cb947" unitRef="USD"> 500 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000056886" id="x_6d4012e4-ac9e-4db7-be92-df452d2c22b4">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000056886" id="a4c1f112-bf2a-405a-9a2a-b3ab2e3de6f7">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">41</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000056886" decimals="4" id="d7608292-2b3b-4d75-bb72-d9be502924e2" unitRef="pure"> 0.41 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000056886" id="ab9daa4f-01d7-4659-8e58-9c07adb59e61">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000056886" id="x_3c3c4a3d-b392-4235-96bf-3a67125579c7">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets in securities included in the Nasdaq Victory Dividend Accelerator Index (the “Index”). The Index utilizes a rules-based approach designed to identify dividend paying stocks with a higher likelihood of future dividend growth. The Index is maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The companies eligible for inclusion in the Index are derived from its starting universe, the mid- to </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">large-capitalization U.S. companies included in the Nasdaq US Large Mid Cap Index (“Parent Index”), an index maintained by the Index Provider. The Parent Index consists of those companies with market capitalizations representing the top 90% of the U.S. investable universe.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index screens companies in the Parent Index using a number of proprietary fundamental factors </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">that have been identified by a quantitative multi-factor selection process to identify dividend paying companies with a higher probability of future dividend growth. Within this smaller set of companies, the Index weights the constituent securities using a methodology designed to maximize dividend growth, measured at a portfolio level, within established portfolio constraints (such as maximum weightings of index constituents and sectors). The Index is reconstituted every April and rebalanced quarterly (based on information as of the prior month-end).</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index in proportion to their weightings in the Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000056886" id="bc75fa08-acd3-4580-9307-c23bb38f7dd2">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000056886" id="x_9a3ac1a8-0511-46a3-ad04-73f7a3a50c10">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Strategy Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund’s dividend strategy may not be successful. Dividend paying stocks may fall out of favor relative to the overall market. In addition, the Index may not successfully identify companies that meet its objectives.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Mid-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000056886" id="cb587711-8e1b-4ee7-816e-bc00d24a44cc">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000056886" id="d8115d53-0fcb-45d3-8297-aa6b0569a6a5">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000056886" id="cc2f2024-3f37-4f25-933d-e73af91c61e4">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000056886" id="x_10e2b44a-9ac2-4c3e-90da-c1eaad667588">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000056886" id="x_914201c0-611c-4fd5-99d9-96e8b5417db1">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000056886" id="x_30eec861-bd97-4086-a6a8-67ae3d2f9726">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000056886" id="f317dbe1-bbd1-4b6d-b822-ffa317024f94">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000056886" id="x_60f71a02-e31b-41a7-8935-30b97d0f7b99">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">15.25%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">June 30, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-19.13%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:16.09%;">9.75%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000056886_C000180597" id="ed7e1972-9579-43d9-a076-e7a9ae6a83bb">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000056886_C000180597" decimals="4" id="cdfb756c-05c7-4034-9e9d-ede6e058643c" unitRef="pure"> 0.1525 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000056886_C000180597" id="cf545956-ede9-4dce-a4ea-8c011b03c236"> 2020-06-30 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000056886_C000180597" id="x_21913688-ea80-471b-8ebe-3687291431ea">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000056886_C000180597" decimals="4" id="x_363a061a-f64c-414d-a06e-e1f1b68e7c1e" unitRef="pure"> -0.1913 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000056886_C000180597" id="x_8fa63b1e-c944-402a-bf69-378f1a3f57f2"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000056886_C000180597" id="x_2b20a457-fa24-4b65-8df4-e8bbd6627a0e">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000056886_C000180597" decimals="4" id="x_75c254ba-b7f5-4265-b5a1-d0df8e51edcf" unitRef="pure"> 0.0975 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000056886_C000180597" id="e70ca0f8-ce22-4c8d-8954-d84960da94ee"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000056886" id="ad5a3fd2-a019-41be-9f04-b936448eb210">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000056886" id="f74c075f-d989-4c7d-937e-deb110e0344d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000056886" id="x_973c3546-1dfc-4d21-ac23-4f861b92068d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000056883" id="x_2fe14c66-3335-4a8a-a706-19ef3b701344">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US Multi-Factor Minimum </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000056883" id="fe8542d7-e23a-4b18-914f-ca244d34ed3a">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000056883" id="f82d1120-0971-4b8d-b9eb-a343b1f5cd30">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US Multi-Factor Minimum Volatility ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000056883" id="f0a47b95-8485-4a61-bbb5-b93b7ae0e9cc">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000056883" id="dfb5e313-50ff-40fe-946d-7902690d635c">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000056883_C000180594" decimals="INF" id="f44c7d4b-8665-43df-b102-61c1774a8f39" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000056883" id="x_000c5e9d-1142-4ed7-a5c8-1e4533747858">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000056883_C000180594" decimals="4" id="cc2acf19-ea42-4dc7-9dab-d28cef733122" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000056883_C000180594" decimals="4" id="x_95e00d71-b35c-40f9-bee2-ac714cba122b" unitRef="pure"> 0.0011 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000056883_C000180594" decimals="4" id="x_946697c7-6ea1-4aac-be42-088fb799fc5a" unitRef="pure"> 0.0041 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000056883_C000180594" decimals="4" id="db35150a-0932-48d9-99fa-06192e2b8db8" unitRef="pure"> -0.0006 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000056883_C000180594" decimals="4" id="x_24e0c93d-0c68-4962-8eed-a5dae0abbe86" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000056883" id="x_8280973f-3a5b-43f0-9c16-32b7d12c073f">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000056883" id="x_18a238c9-3fc6-41c1-af3a-7ccce5b8d33d">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000056883" id="bc207154-d4b8-4ad1-b2b1-4a758dd71329">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000056883_C000180594" decimals="INF" id="c27f1538-3d6f-491c-8f23-16b7f793f33e" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000056883_C000180594" decimals="INF" id="x_806418ba-f2ed-48c0-8475-baecb7003ef8" unitRef="USD"> 126 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000056883_C000180594" decimals="INF" id="x_58578302-bf6d-4e1c-8482-f7456c27f2f7" unitRef="USD"> 224 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000056883_C000180594" decimals="INF" id="fbb649f9-f06e-40b1-829c-d57a70953ce6" unitRef="USD"> 512 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000056883" id="x_78bb3f26-94bf-4765-bbf8-b04f25cd44d8">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000056883" id="x_3b075925-34f5-41bc-abd0-29a6f0b3d210">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">56</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000056883" decimals="4" id="x_63607e39-d473-4cf2-8521-0c4169e6dc0d" unitRef="pure"> 0.56 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000056883" id="bca2d947-58e7-4044-a86c-031a892d962f">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000056883" id="x_6faf0f81-6cdc-4209-9c9a-1a16276575cf">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the “Index”). The Index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market. The Index is maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The companies eligible for inclusion in the Index are derived from its starting universe, the mid- and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">large-capitalization U.S. companies included in the Nasdaq US Large Mid Cap Index (“Parent Index”), an index maintained by the Index Provider. The Parent Index consists of those U.S. companies with market caps representing the top 90% of the U.S. investable universe.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index Provider considers a company to be a U.S. company if it is economically tied to the U.S. In </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">general, a company is treated as being economically tied to the U.S. if: (1) the company is incorporated and domiciled in the U.S., (2) the company makes public filings with U.S. securities regulators, and (3) the company’s securities are listed on a U.S. exchange. In addition, the Index Provider treats companies that are incorporated in certain identified countries to benefit from tax, legal or other advantages, but which otherwise meet these requirements, as being economically tied to the U.S.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is designed to construct a diversified portfolio with superior risk-adjusted returns by first </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">ranking companies using a number of proprietary fundamental factors, such as dividend yield, sales growth and other financial metrics that have been identified by a quantitative multi-factor selection process to identify the companies that are most likely to outperform the broader U.S. market. The companies in the top 20% of the ranking are included in the Index. Within this smaller set of companies, the Index uses an optimization tool to weight the individual securities to minimize absolute volatility, measured at a portfolio level, within established portfolio constraints (such as minimum and maximum weightings of index constituents and sectors). The Index is reconstituted every April and October (based on information as of the prior month-end).</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index in proportion to their weightings in the Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000056883" id="x_20e8a63a-8403-4376-8d7c-60f57850d54e">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000056883" id="ee5876e3-b2a5-4473-ad0e-8ed755cf4bd1">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Mid-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Strategy Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Index may not successfully identify companies that meet its objective. Although the Index is designed to minimize volatility compared to the Parent Index, there is no guarantee that this strategy will be successful.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">by the exchange specialists, market makers or other participants that trade the particular </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000056883" id="ca3d9748-83a5-42b7-b5d2-96e4574c964f">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000056883" id="x_4f51b482-8796-4f90-8fa0-74b13201cc12">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000056883" id="x_7743daf7-6365-42a8-b645-a30f8f498457">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000056883" id="x_98fab9ef-d4c8-4dfb-bfbd-e2d847be9060">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000056883" id="x_7bdb602e-900a-4a18-8b52-b2d645970ea2">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000056883" id="x_32c49bea-2458-4213-a6cc-06392f0b0ff9">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000056883" id="x_03401d61-5719-4fb1-a141-3bd8200e8586">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">15.27%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">June 30, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-18.50%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">13.02%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000056883_C000180594" id="x_4d63d3cc-0b2c-439c-95cc-e102fb75f7bd">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000056883_C000180594" decimals="4" id="x_26b9a4d2-c8d9-467e-bfce-8705521d55fc" unitRef="pure"> 0.1527 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000056883_C000180594" id="f769f02f-02a5-49a0-bdeb-938300898050"> 2020-06-30 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000056883_C000180594" id="x_56eeabf7-661a-43ad-ba44-ddb17ecab41a">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000056883_C000180594" decimals="4" id="x_3bd31aa8-9687-41ba-9f83-c23379ac0599" unitRef="pure"> -0.1850 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000056883_C000180594" id="x_68ac1345-7a2b-46d2-9015-2bbd803d882e"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000056883_C000180594" id="x_39133203-e05a-470a-a5ac-d8d969b57de7">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000056883_C000180594" decimals="4" id="x_7bd688df-b18f-42c5-90d0-7c6cd25920c0" unitRef="pure"> 0.1302 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000056883_C000180594" id="e2db62a5-9f14-4cd8-b63f-7c30b5f931f8"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000056883" id="x_9d1fb6b5-fd9f-4837-9714-9888bfb73471">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000056883" id="x_9ba304c2-413a-4dea-a2bf-d30463b1884b">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000056883" id="b01e63d6-dafd-49aa-8133-c8116fb40558">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000044751" id="b3dfaa23-18cd-4fa8-9563-556a0a433c6e">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US 500 Enhanced </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000044751" id="x_36e692b3-7553-4fc1-838a-cb3437724510">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000044751" id="x_98108c05-6f3e-4781-ba70-dccd046e28a3">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US 500 Enhanced Volatility Wtd ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that track the performance of the Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000044751" id="x_50019411-a4f5-4a77-8a20-b3148c9ebd1b">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000044751" id="d8306687-91e2-4d5b-a4bf-2956600ef603">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000044751_C000139053" decimals="INF" id="x_755be52b-54c7-43e2-99e5-f12def5ca537" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000044751" id="b9776d47-bce6-41c6-881f-5847493612c5">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000044751_C000139053" decimals="4" id="ef7f3ed7-a431-4c59-97bf-16bea9a4c3cd" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000044751_C000139053" decimals="4" id="x_8e012146-d96c-474b-83bc-05388e0fd667" unitRef="pure"> 0.0009 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000044751_C000139053" decimals="4" id="x_2f034f9f-d874-4178-89e6-87a6bf95cf03" unitRef="pure"> 0.0039 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000044751_C000139053" decimals="4" id="da2f0510-9fb4-492b-8ad1-2d9ce6e1ce0a" unitRef="pure"> -0.0004 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000044751_C000139053" decimals="4" id="x_452a1397-44ae-4b34-bcde-379315e9f8c1" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000044751" id="ace83b9d-de1b-4fce-8f30-6a5c264bfc9e">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000044751" id="x_4e55fa3a-952b-4e6e-a79b-0da3dd1d9ed3">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000044751" id="ee3cf788-1e9b-4083-9adf-f46876273d2a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000044751_C000139053" decimals="INF" id="x_41ec9a66-80fb-49f5-a631-30656effe3a2" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000044751_C000139053" decimals="INF" id="x_705866bf-176d-4a77-adfd-99e2c76d1da6" unitRef="USD"> 121 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000044751_C000139053" decimals="INF" id="x_83b41aff-f6e9-40ac-af30-c9ff52a0016c" unitRef="USD"> 215 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000044751_C000139053" decimals="INF" id="x_85d174bd-45cd-49bd-8407-1d508b2ad2df" unitRef="USD"> 489 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000044751" id="f8d67b96-84ae-46c1-a9d3-9bf9917eabf1">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<rr:PortfolioTurnoverTextBlock contextRef="S000044751" id="x_9e5ca981-3cc7-4dc7-abd3-49a77e05a70c">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">34</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000044751" decimals="4" id="x_76ba716f-dff8-4292-bb91-0260c60f9092" unitRef="pure"> 0.34 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000044751" id="f6df6883-1490-4411-a1bf-754bf98b69b3">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000044751" id="x_14bcd939-6838-451c-8b58-98f282eb473c">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. In accordance with a rules-based mathematical formula, the Index tactically reduces its exposure to the equity markets during periods of significant market decline and reallocates to stocks when market prices have either further declined or rebounded. The term “Enhanced” in the Fund’s name refers to a feature of the Index that is designed to enhance risk-adjusted returns while attempting to minimize downside market risk through defensive positioning, as described below.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with all publicly traded U.S. stocks and then screens for all companies with positive earnings across the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 500 largest U.S. stocks by market capitalization measured at the time the Index’s constituent securities are determined.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 500 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 500 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2021, the Index had a market capitalization range from $711.1 Million to $2.3 trillion.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a mathematical index construction process designed to limit risk during periods of </span><span style="font-family:Times New Roman;font-size:10pt;">significant (non-normal) market decline by reducing its exposure to the equity market by allocating a portion of the Index to cash or cash equivalents. Market decline is measured at month-end by reference to the Nasdaq Victory US Large Cap 500 Volatility Weighted Index (“Reference Index”), which is composed of the same securities as in the Index but without any allocation to cash.</span><span style="font-family:Times New Roman;font-size:10pt;">A “significant market decline” means a decline of 10% or more from the Reference Index’s all-time daily high closing value compared to its most recent month-end closing value, during which the Index’s exposure to the market may be as low as 25% depending on the magnitude and duration of such decline.</span><span style="font-family:Times New Roman;font-size:10pt;">During a period of significant market decline that is 10% or more but less than 20% (the “initial trigger point”), the Index will allocate 75% of the stocks included in the Index to cash or cash equivalents, with the remaining 25% consisting of stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will reallocate </span><span style="font-family:Times New Roman;font-size:10pt;">all or a portion of its cash or cash equivalents to stocks when the Reference Index reaches certain additional trigger points, measured at a subsequent month end, as follows:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index will return to being 100% allocated to stocks if the subsequent month end closing value of the stocks in the Reference Index returns to a level that is less than the initial trigger point.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 20% or more but less than 30% from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate an additional 25% to the stocks in the Reference Index at their current securities weightings and the Index will then be 50% allocated to stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 30% or more but less than 40% from its all time daily high </span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">closing value as measured at </span><span style="font-family:Times New Roman;font-size:10pt;">a subsequent month end, the Index will reallocate another 25% to the stocks of the Reference Index at their current securities weighting and the Index will then be 75% allocated to stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 40% or more from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate the remaining 25% to the stocks in the Reference Index at their current securities weighting. At this point, the Index will be 100% allocated to stocks included in the Reference Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will make any prescribed allocations to cash in accordance with the mathematical formula </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">only at month end. In the event that it does, the Fund may experience higher portfolio turnover and incur additional transaction costs.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">During any periods of significant market decline, when the Index’s exposure to the market is less than </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">100%, the cash portion of the Index will be invested in 30-day U.S. Treasury bills or in money market mutual funds that primarily invest in short-term U.S. Treasury obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">While the Fund generally seeks to track the returns of the Index before fees and expenses by </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">employing a replication strategy that seeks to hold all the stocks in the Index, at times the Fund may pursue its investment objective by investing in the Index securities indirectly by investing all or a portion of its assets in another investment company advised by the Adviser, including an exchange-traded fund (“ETF”), that seeks to track the Index or the Reference Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000044751" id="x_809a90ac-3c76-4418-8683-35b028572c95">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Fixed Income Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the Fund’s direct or indirect investments in fixed income securities changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index/Defensive Positioning Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Because the Index’s allocation to cash versus securities is determined at month-end, there is a risk that the Index, and thus the Fund, will not react to changes in market conditions that occur between reallocations. The Fund will incur transaction costs and potentially adverse tax consequences in the event the Index allocates to cash. There is no guarantee that the Index’s prescribed defensive strategy, if employed, will be successful in minimizing downside market risk.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Portfolio Turnover Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and may result in more significant distributions of short-term capital gains to investors, which are taxed as ordinary income.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">by the exchange specialists, market makers or other participants that trade the particular </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000044751" id="x_6ca847c7-05c3-46bb-a49e-1e0c0860e024">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000044751" id="b1948f73-9aed-4f86-bb6a-c47030fafb83">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000044751" id="x_167f5bf1-3414-4a72-baa5-37635275d8cc">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000044751" id="x_26616370-8ea8-4fa6-ab3a-75824c4c5c36">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000044751" id="c0058024-0e6d-4987-8cdd-33d16250b3c8">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000044751" id="a5cf70c0-34f9-4595-8aaa-05b8b7a37b27">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
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<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">15.14%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-14.66%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2018</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">14.83%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
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<rr:HighestQuarterlyReturnLabel contextRef="S000044751_C000139053" id="e1113f9b-e6f4-4ec6-8cf2-3f51fff43a6c">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
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<rr:BarChartHighestQuarterlyReturn contextRef="S000044751_C000139053" decimals="4" id="x_43cdcf54-5bcc-439a-b468-e1f615f40901" unitRef="pure"> 0.1514 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000044751_C000139053" id="x_644add4f-b93b-4d53-8b86-b00b12fcc795"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000044751_C000139053" id="c534c98a-be50-4a17-b7a2-b3173f7b3c55">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
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<rr:BarChartLowestQuarterlyReturn contextRef="S000044751_C000139053" decimals="4" id="b83b07e9-68be-4e28-b554-15a18b5c4046" unitRef="pure"> -0.1466 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000044751_C000139053" id="e9213edf-a014-4e79-87f0-9e597bbaa8d8"> 2018-12-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000044751_C000139053" id="x_81b24a35-3c3a-4eea-8778-f2f01abd9012">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000044751_C000139053" decimals="4" id="f1646d35-0834-4f8c-849e-5c702ed8078f" unitRef="pure"> 0.1483 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000044751_C000139053" id="b18b525d-f281-4f0d-99d4-b6331580ac85"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000044751" id="x_57aaa3e9-13e7-4785-b80d-3db1410c345c">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
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<rr:PerformanceTableUsesHighestFederalRate contextRef="S000044751" id="e1f43bb1-540e-48ef-928a-652b500cc8f7">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
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<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000044751" id="x_05073bcf-98b3-4efa-b7e1-94f0836aa1b4">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
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<rr:RiskReturnHeading contextRef="S000044753" id="x_60cec0ce-87e1-4c32-a198-a3566fc06249">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US EQ Income Enhanced </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
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<rr:ObjectiveHeading contextRef="S000044753" id="fdda95a9-314f-47e9-8e4d-48fff83b58f6">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
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<rr:ObjectivePrimaryTextBlock contextRef="S000044753" id="a0a9bd31-67f0-4e53-9ab8-98d87c65a528">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US EQ Income Enhanced Volatility Wtd ETF (the “Fund”) seeks to provide </span><span style="font-family:Times New Roman;font-size:10pt;">investment results that track the performance of the Nasdaq Victory US Large Cap High Dividend 100 Long/Cash Volatility Weighted Index (the “Index”) before fees and expenses.</span>
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<rr:ExpenseHeading contextRef="S000044753" id="x_54f9b954-d141-407a-bee6-fe28a9c8368d">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
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<rr:ExpenseNarrativeTextBlock contextRef="S000044753" id="x_16abce39-15d7-4635-a884-29c2ad46f264">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
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<rr:ShareholderFeeOther contextRef="S000044753_C000139055" decimals="INF" id="x_9877b93b-ac87-4a5b-a2d5-4e87c53e6ada" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000044753" id="d21be4a7-499c-49af-b43c-cf8886a17b7a">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
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<rr:ManagementFeesOverAssets contextRef="S000044753_C000139055" decimals="4" id="x_4af2f617-3445-49a8-9b15-c5a95e9ccd37" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:DistributionAndService12b1FeesOverAssets contextRef="S000044753_C000139055" decimals="4" id="x_6b95f692-deda-4933-b050-1803426531df" unitRef="pure"> 0.0010 </rr:DistributionAndService12b1FeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000044753_C000139055" decimals="4" id="c0ea5d30-8c28-4c4a-9f5f-8e16ee13b597" unitRef="pure"> 0.0001 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000044753_C000139055" decimals="4" id="x_5d14f395-09f9-40cb-b4fd-c29f15189025" unitRef="pure"> 0.0041 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000044753_C000139055" decimals="4" id="x_07073e5b-01e9-4823-9f71-658fbe1dd99f" unitRef="pure"> -0.0005 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000044753_C000139055" decimals="4" id="ec6f4fe8-e109-41a9-ac98-7be5aa5656c9" unitRef="pure"> 0.0036 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000044753" id="x_6f1658a6-6834-400e-8602-d70190998ac7">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
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<rr:ExpenseExampleHeading contextRef="S000044753" id="a97f2639-74dc-4878-b692-41f237840e74">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
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<rr:ExpenseExampleYear01 contextRef="S000044753_C000139055" decimals="INF" id="x_15725d7d-86b3-475e-8652-2522e12e76cc" unitRef="USD"> 37 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000044753_C000139055" decimals="INF" id="x_1b5e5c20-e63d-4667-a4d9-72ba69487053" unitRef="USD"> 127 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000044753_C000139055" decimals="INF" id="x_3c40d220-3e83-42cd-8631-93a68a3dd03e" unitRef="USD"> 225 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000044753_C000139055" decimals="INF" id="x_81271f32-d2d0-4a70-88cc-6ebb29e9245f" unitRef="USD"> 513 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000044753" id="x_9314e2b7-1e9f-4d45-9dcc-c3e2d59e5313">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<rr:PortfolioTurnoverTextBlock contextRef="S000044753" id="c48c164b-8d70-41d7-8178-6c23ba9e0241">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">65</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
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<rr:PortfolioTurnoverRate contextRef="S000044753" decimals="4" id="x_923d9061-3919-4d2c-9c4b-bf1922024a44" unitRef="pure"> 0.65 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000044753" id="x_9e611c9d-ce7a-4e87-b45e-dbff80a1e665">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000044753" id="x_1b49101f-301b-4b98-bf13-11e798551179">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Large Cap 100 High Dividend Long/Cash Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. In accordance with a rules-based mathematical formula, the Index tactically reduces its exposure to the equity markets during periods of significant market decline and reallocates to stocks when market prices have further declined or rebounded. The term “Enhanced” in the Fund’s name refers to a feature of the Index that is designed to enhance risk-adjusted returns while attempting to minimize downside market risk through defensive positioning, as described below.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with the stocks included in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index, a volatility weighted index comprised of the 500 largest U.S. companies by market capitalization with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 100 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include less than 100 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2021, the Index had a market capitalization range from $711.1 billion to $425.1 billion.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a mathematical index construction process designed to limit risk during periods of </span><span style="font-family:Times New Roman;font-size:10pt;">significant (non-normal) market decline by reducing its exposure to the equity market by allocating a portion of the index to cash or cash equivalents. Market decline is measured at month-end by reference to the Nasdaq Victory US Large Cap 100 High Dividend Volatility Weighted Index (“Reference Index”), which is composed of the same securities as in the Index but without any allocation to cash.</span><span style="font-family:Times New Roman;font-size:10pt;">A “significant market decline” means a decline of 8% or more from the Reference Index’s all-time daily high closing value compared to its most recent month-end closing value, during which the Index’s exposure to the market may be as low as 25% depending on the magnitude and duration of such decline.</span><span style="font-family:Times New Roman;font-size:10pt;">During a period of significant market decline that is 8% or more but less than 16% (the “initial trigger point”), the Index will allocate 75% of the stocks included in the Index to cash or cash equivalents, with the remaining 25% consisting of stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will reallocate </span><span style="font-family:Times New Roman;font-size:10pt;">all or a portion of its cash or cash equivalents to stocks when the Reference Index reaches certain additional trigger points, measured at a subsequent month end, as follows:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index will return to being 100% allocated to stocks if the subsequent month end closing value of the stocks in the Reference Index returns to a level that is less than the initial trigger point.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 16% or more but less than 24% from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate an additional 25% to the stocks in the Reference Index at their current securities weightings and the Index will then be 50% allocated to stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 24% or more but less than 32% from its all time daily high </span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">closing value as measured at </span><span style="font-family:Times New Roman;font-size:10pt;">a subsequent month end, the Index will reallocate another 25% to the stocks of the Reference Index at their current securities weighting and the Index will then be 75% allocated to stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 32% or more from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate the remaining 25% to the stocks in the Reference Index at their current securities weighting. At this point, the Index will be 100% allocated to stocks included in the Reference Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will make any prescribed allocations to cash in accordance with the mathematical formula </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">only at month end. In the event that it does, the Fund may experience higher portfolio turnover and incur additional transaction costs.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">During any periods of significant market decline, when the Index’s exposure to the market is less than </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">100%, the cash portion of the Index will be invested in 30-day U.S. Treasury bills or in money market mutual funds that primarily invest in short-term U.S. Treasury obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">While the Fund generally seeks to track the returns of the Index before fees and expenses by </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">employing a replication strategy that seeks to hold all the stocks in the Index, at times the Fund may pursue its investment objective by investing in the Index securities indirectly by investing all or a portion of its assets in another investment company advised by the Adviser, including an exchange-traded fund (“ETF”), that seeks to track the Index or the Reference Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000044753" id="a4ada5d4-fcc4-45f5-8196-e27d5ec32144">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<rr:RiskNarrativeTextBlock contextRef="S000044753" id="c9d657c6-cba7-4c88-8630-cd710d98d526">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Fixed Income Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the Fund’s direct or indirect investments in fixed income securities changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Investment Strategy Risk </span><span style="font-family:Times New Roman;font-size:10pt;">— The Fund’s dividend strategy may not be successful. Dividend paying stocks may fall out of favor relative to the overall market. In addition, the Index may not successfully identify companies that meet its objectives.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index/Defensive Positioning Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Because the Index’s allocation to cash versus securities is determined at month-end, there is a risk that the Index, and thus the Fund, will not react to changes in market conditions that occur between reallocations. The Fund will incur transaction costs and potentially adverse tax consequences in the event the Index allocates to cash. There is no guarantee that the Index’s prescribed defensive strategy, if employed, will be successful in minimizing downside market risk.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Portfolio Turnover Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and may result in more significant distributions of short-term capital gains to investors, which are taxed as ordinary income.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">In stressed market conditions, authorized participants may be unwilling to participate in the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000044753" id="d023a737-8c57-4959-8343-50cfd9725898">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000044753" id="x_23f1f55b-4ae6-450c-8c8f-f8881c6a1338">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000044753" id="x_29714a8b-7b39-4270-940a-d6173beb6671">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000044753" id="x_92819237-5201-4df5-9021-90011cadad70">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000044753" id="db017511-af63-45e1-b877-04536ff3e86a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000044753" id="x_5b1d7740-a8f8-478f-a3d4-1b41ccb12d3a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000044753" id="bfabf5c9-5211-4903-a18c-fc69dacb5fff">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000044753" id="c81e7965-d927-43e1-bfe6-334baaeb1496">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">14.61%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-15.15%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">21.80%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000044753_C000139055" id="e3d561ec-a8b6-4ff2-8375-1dc256f256b4">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000044753_C000139055" decimals="4" id="x_321f3ac2-9710-48d2-bd4a-955cba131dc6" unitRef="pure"> 0.1461 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000044753_C000139055" id="x_339b8a4b-2027-4a4c-824b-fa51ccf93957"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000044753_C000139055" id="bed431c9-9358-4e34-8528-f9b23d8dc0d9">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000044753_C000139055" decimals="4" id="x_2c0f1fe0-45ba-4365-8d1f-94b9a05261f8" unitRef="pure"> -0.1515 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000044753_C000139055" id="f7c8063e-4330-4d94-935b-75f7b6084560"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000044753_C000139055" id="x_30dd2c80-10cb-41d6-9935-91002b7c76fb">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000044753_C000139055" decimals="4" id="x_5ff2f378-862b-4371-b999-8ac05a8fe1f1" unitRef="pure"> 0.2180 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000044753_C000139055" id="ce9ef48e-4ab6-4940-ad28-0435d5969995"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000044753" id="ffe8f323-72de-46b2-a7e7-e24cdc2a8384">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000044753" id="x_82034b93-f600-4bf6-974b-a8f27aedc429">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000044753" id="c93b70b8-cfab-4be5-b65a-a322b67d7746">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000044750" id="e0057714-b6c1-4214-b973-87ca1d8d616a">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares US Discovery Enhanced </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000044750" id="x_07344b12-90e0-4230-a5e9-37b81a998448">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000044750" id="x_54b989e7-d58f-4b19-9f06-755e4cb621cc">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares US Discovery Enhanced Volatility Wtd ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that track the performance of the Nasdaq Victory US Small Cap 500 Long/Cash Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000044750" id="x_31aec421-2037-4735-946f-04a2d64ffb85">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000044750" id="d7e7c3fd-7fc1-4661-9846-bcb4bb375960">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000044750_C000139052" decimals="INF" id="x_92f9a342-7f45-4808-aef8-61cbc146e7fd" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000044750" id="x_2af57c45-94ea-4db2-bae9-ef403d305f13">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000044750_C000139052" decimals="4" id="beb7e861-2844-44bb-9ee8-adad863caf72" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:DistributionAndService12b1FeesOverAssets contextRef="S000044750_C000139052" decimals="4" id="x_2bd61987-a88e-4d48-aef9-feb0bce7b1ef" unitRef="pure"> 0.0016 </rr:DistributionAndService12b1FeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000044750_C000139052" decimals="4" id="x_0d480bd5-1842-447e-af33-cc6dfd4476a0" unitRef="pure"> 0.0001 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000044750_C000139052" decimals="4" id="x_5078c0e4-0373-4d98-a6b8-bcdfdbb2c745" unitRef="pure"> 0.0047 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000044750_C000139052" decimals="4" id="x_092a396a-aa92-4975-bf67-513a050bddcf" unitRef="pure"> -0.0011 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000044750_C000139052" decimals="4" id="f5ab1dc2-5221-4d19-a205-c266ad47c7ec" unitRef="pure"> 0.0036 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000044750" id="x_15bdc102-5145-4124-af49-e683d27128a5">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000044750" id="x_0ca0f25c-9fb3-467e-b490-6ee6aa454562">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000044750" id="x_5558c26b-c50b-45d1-9560-e25c80c1290d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000044750_C000139052" decimals="INF" id="x_6458fe44-bad2-4162-886c-e60041faa861" unitRef="USD"> 37 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000044750_C000139052" decimals="INF" id="x_13e2d596-6776-4a21-ab98-091aecd5d63a" unitRef="USD"> 140 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000044750_C000139052" decimals="INF" id="x_46a5aa4d-3ffb-4b12-ad70-6ffd4c2e4f04" unitRef="USD"> 252 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000044750_C000139052" decimals="INF" id="x_136c5252-fa88-49cf-a801-48bc899cc54a" unitRef="USD"> 581 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000044750" id="x_1955c557-75f6-4375-9cc8-d3c2ce9d0b81">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000044750" id="x_85ac1da0-1b88-4cb2-95b3-1f54913f8138">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">70</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000044750" decimals="4" id="x_91aa15b4-f73a-480e-acc9-22ecde151eb4" unitRef="pure"> 0.70 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000044750" id="f436f768-7676-4778-bf74-1c055f221dab">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000044750" id="x_41d4819f-474a-47c1-b4e2-d22c5ff08732">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Small Cap 500 Long/Cash Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. In accordance with a rules-based mathematical formula, the Index tactically reduces its exposure to the equity markets during periods of significant market decline and reallocates to stocks when market prices have further declined or rebounded. The term “Enhanced” in the Fund’s name refers to a feature of the Index that is designed to enhance risk-adjusted returns while attempting to minimize downside market risk through defensive positioning, as described below.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with all publicly traded U.S. stocks and then screens for all companies with positive earnings over the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 500 largest U.S companies with market capitalizations of less than $3 billion measured at the time the Index’s constituent securities are determined.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 500 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 500 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2021, the Index had a market capitalization range from $258.6 million to $3.4 billion.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a mathematical index construction process designed to limit risk during periods of </span><span style="font-family:Times New Roman;font-size:10pt;">significant (non-normal) market decline by reducing its exposure to the equity market by allocating a portion of the Index to cash and cash equivalents. Market decline is measured at month-end by reference to the Nasdaq Victory US Small Cap 500 Volatility Weighted Index (“Reference Index”), which is composed of the same securities as in the Index but without any allocation to cash.</span><span style="font-family:Times New Roman;font-size:10pt;">A “significant market decline” means a decline of 11% or more from the Reference Index’s all-time daily high closing value compared to its most recent month-end closing value, during which the Index’s exposure to the market may be as low as 25% depending on the magnitude and duration of such decline.</span><span style="font-family:Times New Roman;font-size:10pt;">During a period of significant market decline that is 11% or more but less than 22% (the “initial trigger point”), the Index will allocate 75% of the stocks included in the Index to cash or cash equivalents, with the remaining 25% consisting of stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will reallocate </span><span style="font-family:Times New Roman;font-size:10pt;">all or a portion of its cash or cash equivalents to stocks when the Reference Index reaches certain additional trigger points, measured at a subsequent month end, as follows:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index will return to being 100% allocated to stocks if the subsequent month end closing value of the stocks in the Reference Index returns to a level that is less than the initial trigger point.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 22% or more but less than 33% from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate an additional 25% to the stocks in the Reference Index at their current securities weightings and the Index will then be 50% allocated to stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 33% or more but less than 44% from its all time daily high </span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">closing value as measured at </span><span style="font-family:Times New Roman;font-size:10pt;">a subsequent month end, the Index will reallocate another 25% to the stocks of the Reference Index at their current securities weighting and the Index will then be 75% allocated to stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 44% or more from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate the remaining 25% to the stocks in the Reference Index at their current securities weighting. At this point, the Index will be 100% allocated to stocks included in the Reference Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will make any prescribed allocations to cash in accordance with the mathematical formula </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">only at month end. In the event that it does, the Fund may experience higher portfolio turnover and incur additional transaction costs.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">During any periods of significant market decline, when the Index’s exposure to the market is less than </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">100%, the cash portion of the Index will be invested in 30-day U.S. Treasury bills or in money market mutual funds that primarily invest in short-term U.S. Treasury obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">While the Fund generally seeks to track the returns of the Index before fees and expenses by </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">employing a replication strategy that seeks to hold all the stocks in the Index, at times the Fund may pursue its investment objective by investing in the Index securities indirectly by investing all or a portion of its assets in another investment company advised by the Adviser, including an exchange-traded fund (“ETF”), that seeks to track the Index or the Reference Index.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Small-Capitalization Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, making it difficult for a Fund to buy and sell them at the time and price desired, and these issuers often face greater business risks. Small-capitalization companies typically are less financially stable than larger, more established companies, and may depend on a small number of key personnel, making them vulnerable to loss of personnel. These companies also generally have less diverse product lines than larger capitalization companies and are more susceptible to adverse developments related to their products.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index/Defensive Positioning Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Because the Index’s allocation to cash versus securities is determined at month-end, there is a risk that the Index, and thus the Fund, will not react to changes in market conditions that occur between reallocations. The Fund will incur transaction costs and potentially adverse tax consequences in the event the Index allocates to cash. There is no guarantee that the Index’s prescribed defensive strategy, if employed, will be successful in minimizing downside market risk.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Fixed Income Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The value of the Fund’s direct or indirect investments in fixed income securities changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Portfolio Turnover Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and may result in more significant distributions of short-term capital gains to investors, which are taxed as ordinary income.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
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<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
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<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000044750" id="x_5cdc6e36-95c3-4a1b-9156-5b54e54be564">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
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<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000044750" id="fc5616c6-3597-43b7-a08a-4a841a2d3018">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
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<rr:BarChartHeading contextRef="S000044750" id="x_839138f2-ffed-4e16-b947-21d71bc3551b">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
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<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">26.82%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-18.09%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2018</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">20.27%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
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<rr:HighestQuarterlyReturnLabel contextRef="S000044750_C000139052" id="x_33b199bf-c35b-44c4-bbf9-b2bcd18faf35">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
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<rr:BarChartHighestQuarterlyReturn contextRef="S000044750_C000139052" decimals="4" id="x_3dcf0e72-fda9-4f5a-9a9b-e4cc9620fab1" unitRef="pure"> 0.2682 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000044750_C000139052" id="x_1d8306d2-4836-4c2b-b805-d1b2f38f94c1"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
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<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
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<rr:BarChartLowestQuarterlyReturn contextRef="S000044750_C000139052" decimals="4" id="e85794af-7805-4092-9c18-21d26b25ff15" unitRef="pure"> -0.1809 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000044750_C000139052" id="x_34727a37-7be2-40d9-86e1-6d81ced872af"> 2018-12-31 </rr:BarChartLowestQuarterlyReturnDate>
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<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
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<rr:BarChartYearToDateReturn contextRef="S000044750_C000139052" decimals="4" id="ee0948cc-8b2f-49fd-af77-d11c80c9d170" unitRef="pure"> 0.2027 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000044750_C000139052" id="x_4200d6e5-d61b-4ddf-9b14-fd12fa7ad875"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000044750" id="e0676df5-905f-49b1-ab46-e6609a5a1dda">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
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<rr:PerformanceTableUsesHighestFederalRate contextRef="S000044750" id="df3942f0-e23e-4d1e-aefa-5a959338826f">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
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<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000044750" id="x_81ac8865-f835-4f07-b797-be4a70795112">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
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<rr:RiskReturnHeading contextRef="S000044752" id="x_97a650d8-5fea-48d5-a23b-a1d05b63e36f">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares Developed Enhanced </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Volatility Wtd ETF Summary</span>
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<rr:ObjectiveHeading contextRef="S000044752" id="x_7acccbff-7b88-4a3d-871e-9b47d8805ccb">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000044752" id="x_87445c22-524f-4d99-8704-0425fc056734">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares Developed Enhanced Volatility Wtd ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that track the performance of the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000044752" id="x_8816b45c-07ce-435d-8ab5-6335902717d7">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
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<rr:ExpenseNarrativeTextBlock contextRef="S000044752" id="x_861106bf-bce4-48d5-9c8d-be40cbbf3ea0">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000044752_C000139054" decimals="INF" id="fd004159-825b-409b-841a-c7ba6dc395b5" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000044752" id="d8a48cf6-c16a-4fb6-8f4a-2e0eba86e1da">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
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<rr:ManagementFeesOverAssets contextRef="S000044752_C000139054" decimals="4" id="x_4f42f395-487a-433d-ada3-5d88e78b2cfe" unitRef="pure"> 0.0040 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000044752_C000139054" decimals="4" id="x_04fac6cf-f4d8-482a-8166-e1295e5d203b" unitRef="pure"> 0.0048 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000044752_C000139054" decimals="4" id="x_84246545-1ff2-4b19-800e-cea753cee096" unitRef="pure"> 0.0088 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000044752_C000139054" decimals="4" id="cbd28895-c4fc-47ac-ba20-1a72aa3aaf30" unitRef="pure"> -0.0043 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000044752_C000139054" decimals="4" id="x_55fcbfba-4064-44d4-9094-3433482f4d25" unitRef="pure"> 0.0045 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000044752" id="bf7ba925-d2e9-4927-809d-a80b1c3b3881">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
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<rr:ExpenseExampleHeading contextRef="S000044752" id="dd084368-7fa9-4155-935a-f417cd94a4c1">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<rr:ExpenseExampleNarrativeTextBlock contextRef="S000044752" id="x_65f36f34-cd7a-4951-967a-5cd11b52c8ee">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
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<rr:ExpenseExampleYear01 contextRef="S000044752_C000139054" decimals="INF" id="a3e25aa9-70e0-44b2-a8f0-135f04d9d1af" unitRef="USD"> 46 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000044752_C000139054" decimals="INF" id="x_00215a1a-39d3-4bce-a648-9a4ae86789c2" unitRef="USD"> 238 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000044752_C000139054" decimals="INF" id="a18c5bb4-de86-4eb3-a357-6793e155c247" unitRef="USD"> 445 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000044752_C000139054" decimals="INF" id="x_481177e8-3bdf-4392-8780-b3d01f94f365" unitRef="USD"> 1045 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000044752" id="x_49d2798e-ce41-4882-9f4f-3a7345807b34">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<rr:PortfolioTurnoverTextBlock contextRef="S000044752" id="e47d6446-a488-4211-84d2-41728cd479d5">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">55</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000044752" decimals="4" id="e2fcde15-d49b-426c-86fd-c6cefce55351" unitRef="pure"> 0.55 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000044752" id="f38d10ff-978d-45f1-b117-4c938b52946b">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000044752" id="x_0f7f1326-c542-4ed6-9504-6e0ddbad47a3">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to achieve its investment objective by investing, under normal market conditions, at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index combines fundamental criteria with individual security risk control achieved through </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">volatility weighting of individual securities. In accordance with a rules-based mathematical formula, the Index tactically reduces its exposure to the equity markets during periods of significant market decline and reallocates to stocks when market prices have further declined or rebounded. The term “Enhanced” in the Fund’s name refers to a feature of the Index that is designed to enhance risk-adjusted returns while attempting to minimize downside market risk through defensive positioning, as described below.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a rules-based methodology to construct its constituent securities:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index universe begins with all publicly traded foreign companies and then screens for all companies with positive earnings across the last twelve months.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The Index identifies the 500 largest foreign companies by market capitalization measured at the time the Index’s constituent securities are determined.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The 500 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index considers foreign companies to be those that are organized or domiciled in a developed </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">country (excluding the U.S. and emerging markets) and whose stock principally trades on a foreign exchange. Representative developed markets include Canada, France, Germany, Japan, Hong Kong and Australia.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is reconstituted every March and September (based on information as of the prior </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">month-end) and is adjusted to limit exposure to any particular country to 20% and any particular sector to 25%. The Index may include more than or fewer than 500 stocks depending on the number of companies meeting the Index’s criteria.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index follows a mathematical index construction process designed to limit risk during periods of </span><span style="font-family:Times New Roman;font-size:10pt;">significant (non-normal) market decline by reducing its exposure to the equity market by allocating a portion of the Index to cash or cash equivalents. Market decline is measured at month-end by reference to the Nasdaq Victory International 500 Volatility Weighted Index (“Reference Index”), which is composed of the same securities as in the Index but without any allocation to cash.</span><span style="font-family:Times New Roman;font-size:10pt;">A “significant market decline” means a decline of 12% or more from the Reference Index’s all-time daily high closing value compared to its most recent month-end closing value, during which the Index’s exposure to the market may be as low as 25% depending on the magnitude and duration of such decline.</span><span style="font-family:Times New Roman;font-size:10pt;">During a period of significant market decline that is 12% or more but less than 24% (the “initial trigger point”), the Index will allocate 75% of the stocks included in the Index to cash or cash equivalents, with the remaining 25% consisting of stocks included in the Reference Index.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will reallocate </span><span style="font-family:Times New Roman;font-size:10pt;">all or a portion of its cash or cash equivalents to stocks when the Reference Index reaches certain additional trigger points, measured at a subsequent month end, as follows:</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">The Index will return to being 100% allocated to stocks if the subsequent month end closing value of the stocks in the Reference Index returns to a level that is less than the initial trigger point.</span><span style="font-family:Times New Roman;font-size:7pt;"></span><span style="font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 24% or more but less than 36% from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate an additional </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">25% </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">to the stocks in the Reference Index at their current securities weightings and the Index will then be 50% allocated to stocks included in the Reference Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 36% or more but less than 48% from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate another 25% to the stocks of the Reference Index at their current securities weighting and the Index will then be 75% allocated to stocks included in the Reference Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:7pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">If the Reference Index declines by 48% or more from its all time daily high closing value as measured at a subsequent month end, the Index will reallocate the remaining 25% to the stocks in the Reference Index at their current securities weighting. At this point, the Index will be 100% allocated to stocks included in the Reference Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index will make any prescribed allocations to cash in accordance with the mathematical formula </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">only at month end. In the event that it does, the Fund may experience higher portfolio turnover and incur additional transaction costs.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">During any periods of significant market decline, when the Index’s exposure to the market is less than </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">100%, the cash portion of the Index will be invested in 30-day U.S. Treasury bills or in money market mutual funds that primarily invest in short-term U.S. Treasury obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to track the returns of the Index before fees and expenses by employing, under </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">normal circumstances, a “sampling” process to invest in a representative sample of stocks included in the Index. The Fund’s portfolio managers select these stocks using a statistical optimization process designed to produce investment characteristics that closely approximate those of the Index. At times the Fund may pursue its investment objective by investing in the Index securities indirectly by investing all or a portion of its assets in another investment company advised by the Adviser, including an exchange-traded fund (“ETF”) that seeks to track the Index or the Reference Index.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000044752" id="x_1076440a-c42e-45c5-8aaf-974ed42877f5">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000044752" id="e232ab08-6f43-4133-bbac-b1e7f9f67fd6">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Fixed Income Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the Fund’s direct or indirect investments in fixed income securities changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Foreign securities (including depositary receipts) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and </span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">supervision of foreign companies. Foreign securities generally experience more volatility than their </span><span style="font-family:Times New Roman;font-size:10pt;">domestic counterparts. Depositary receipts may have additional risks, including creditworthiness of the depositary bank and the risk of an illiquid market. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Foreign Exposure Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Special risks associated with investments in foreign markets may include less liquidity, greater volatility, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Currency Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The Fund’s net asset value could decline as a result of changes in the exchange rates between foreign currencies and the US dollar. Additionally, certain foreign countries may impose restrictions on the ability of issuers of foreign securities to make payment of principal and interest to investors located outside the country, due to blockage of foreign currency exchanges or otherwise.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index/Defensive Positioning Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Because the Index’s allocation to cash versus securities is determined at month-end, there is a risk that the Index, and thus the Fund, will not react to changes in market conditions that occur between reallocations. The Fund will incur transaction costs and potentially adverse tax consequences in the event the Index allocates to cash. There is no guarantee that the Index’s prescribed defensive strategy, if employed, will be successful in minimizing downside market risk.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not. The Fund’s use of representative sampling may cause the tracking error to be higher than would be the case if the Fund purchased all of the securities in the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Sampling Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. As a result, an adverse development with an issuer or a small number of issuers of securities held by the Fund could result in a greater decline </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">in NAV than would be the case if the Fund held all of the securities in the Index. To the extent the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">assets in the Fund are smaller, these risks will be greater.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Portfolio Turnover Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and may result in more significant distributions of short-term capital gains to investors, which are taxed as ordinary income.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Investment Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges. Because the Fund generally relies on the last quoted prices for such securities when calculating its NAV, such events may cause shares to trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000044752" id="x_09f22506-55e6-4d6b-9956-84f79d360810">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000044752" id="x_34b25801-5f57-4142-b3fe-15b99c70c4d4">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000044752" id="a11a4fd2-5b17-4707-bc86-2de3dbf1472a">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000044752" id="cee88330-1488-4860-a951-e1d75aac260d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000044752" id="x_4dec7480-5849-4f6e-a9a1-9febcf0e12e7">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000044752" id="x_792e7de8-f183-4b35-ad5c-ad59e3bb3d27">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000044752" id="x_621b2139-be0f-4ff5-bd2e-9cf8a68a86cb">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000044752" id="x_263e51a0-512f-4b14-8bf6-d6f8d4c41cdb">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">13.94%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-22.87%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:16.09%;">8.76%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000044752_C000139054" id="x_2a55eef8-c31e-4b2b-9721-eb022ea5a025">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000044752_C000139054" decimals="4" id="fd7b5cee-f86f-436b-b805-797936fd3f16" unitRef="pure"> 0.1394 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000044752_C000139054" id="x_0f014e63-3770-400b-8fbd-6cba67c93b46"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000044752_C000139054" id="a9d5b56a-55e3-40ed-a96b-dd7ae392ec05">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000044752_C000139054" decimals="4" id="d962ff88-65fe-434e-bb67-424d2738aad5" unitRef="pure"> -0.2287 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000044752_C000139054" id="eca32feb-6d5a-4985-9a21-cf0879b62871"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000044752_C000139054" id="bc7910d2-98a5-40aa-a4cd-556fa490bd8b">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000044752_C000139054" decimals="4" id="a32e6ba8-5820-4789-a5ce-6498a309f298" unitRef="pure"> 0.0876 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000044752_C000139054" id="x_9ecd97ab-c298-4e80-a6ae-d69cf8ba812e"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000044752" id="x_92b7bbec-37db-4c25-9fb6-0b4a118f9b68">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000044752" id="x_9a5bcbda-e92c-4bf9-b08a-1d69e61dc5da">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000044752" id="x_89c6892d-52c9-4990-b450-ab624c54e6ea">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000069387" id="f298d7d3-9f32-496b-91a8-a18b5aba662b">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares Nasdaq Next 50 ETF </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000069387" id="d0c1529f-c139-4be0-b64c-bfcd9c5f68e7">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000069387" id="d66806f6-7ced-4b57-89f9-849790a6859d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares Nasdaq Next 50 ETF (the “Fund”) seeks to provide investment results that track the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">performance of the Nasdaq Q-50 Index (the “Index”) before fees and expenses.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000069387" id="x_70b555b6-ee6f-4476-aa4e-3c3dca5cd3bf">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000069387" id="x_5e925c6c-d2b5-4f3f-915f-e91b96f66876">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000069387_C000221407" decimals="INF" id="ce86d740-a853-4701-ba5b-4bcf2cabf95b" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000069387" id="x_0b8d030b-e5c7-426b-bada-3eb4ef7ba34c">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000069387_C000221407" decimals="4" id="x_8b124c51-0ca5-4a29-bc82-80469ef8a9d1" unitRef="pure"> 0.0015 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000069387_C000221407" decimals="4" id="x_33788b7f-81f9-483a-93ce-7ffdc376d3d4" unitRef="pure"> 0.0015 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000069387_C000221407" decimals="4" id="x_46704294-92c7-49ca-9075-b3abfc28e8c8" unitRef="pure"> 0.0030 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000069387_C000221407" decimals="4" id="x_2f8d2e85-98d7-4321-bb27-9f06ccace4b1" unitRef="pure"> -0.0012 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000069387_C000221407" decimals="4" id="x_19812651-e2fd-44cb-9f2c-1b11f9b2bb6e" unitRef="pure"> 0.0018 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000069387" id="x_06f02a49-68b0-4549-82a0-13b38da7ac15">
<span style="font-family:Arial;font-size:6.56pt;">October</span><span style="font-family:Arial;font-size:6.56pt;"> 31, 2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000069387" id="d3de5c2f-16e5-4123-818d-b49de7fee40e">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000069387" id="x_18f25b06-973e-4593-a3d6-9949db9d8989">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000069387_C000221407" decimals="INF" id="x_29c0da83-6af5-40e2-993a-53d5f2d2daef" unitRef="USD"> 18 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000069387_C000221407" decimals="INF" id="x_04b481b7-2f77-47ff-8d49-18945fe6d46d" unitRef="USD"> 84 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000069387_C000221407" decimals="INF" id="x_4e99f2f5-ccda-423d-82a1-607c13757373" unitRef="USD"> 157 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000069387_C000221407" decimals="INF" id="d3204ea0-bfe9-4646-bae0-f3ad59ec4f64" unitRef="USD"> 369 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000069387" id="x_3442a239-1e25-4bab-85c4-8f4f35aa0883">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000069387" id="x_70d662bd-040f-4225-8a03-c7bba04211dc">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was</span><span style="font-family:Times New Roman;font-size:10pt;">68</span><span style="font-family:Times New Roman;font-size:10pt;">%</span><span style="font-family:Times New Roman;font-size:10pt;"> of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000069387" decimals="4" id="x_9fbc0738-1c24-4b9c-abb5-3f0bfa40dcb7" unitRef="pure"> 0.68 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000069387" id="cd4d3eea-54dc-4060-9e35-dd15495efd70">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:RiskHeading contextRef="S000069387" id="x_3c6c71b0-8563-415a-b3ac-44ad46569d8f">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000069387" id="x_0ce1f35e-aae6-4cef-ad0d-f0b11e2cbfe1">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company's earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Mid-Capitalization </span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Stock Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Mid-sized companies may be subject to a number of risks not</span><span style="font-family:Times New Roman;font-size:10pt;">associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization Stock Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Limited History of Operations</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund is new and, therefore, has a limited history of operations for investors to evaluate.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Limited Portfolio Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — To the extent the Fund invests its assets in a fewer number of issuers than more diverse funds, a decline in the market value of a particular security may affect the Fund’s value more than if the Fund invested in a larger number of issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those</span><span style="font-family:Times New Roman;font-size:10pt;">included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not. The Fund’s use of representative sampling may cause the tracking error to be higher than would be the case if the Fund purchased all of the securities in the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by Nasdaq Stock Market, LLC (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or sector. To the extent that the Index concentrates in the securities of issuers in a particular industry or sector, the Fund also can be expected to concentrate its investments to approximately the same extent. By concentrating its investments in an industry or sector, the Fund may face more risks than if it were diversified broadly over numerous industries or sectors. If the Index is not concentrated in a particular industry or sector, the Fund will not concentrate in a particular industry or sector.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Technology Sector Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s focus in the technology sectors means that market or economic factors impacting that sector could have a significant effect on the value of the Fund’s investments and could make the Fund’s performance more volatile. The values of companies in the technology sectors are particularly vulnerable to economic downturns, short product cycles and aggressive pricing, market competition and changes in government regulation.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Foreign securities (including depositary receipts) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. Depositary receipts may have additional risks, including creditworthiness of the depositary bank and the risk of an illiquid market. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Foreign Exposure Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Special risks associated with investments in foreign markets may include less liquidity, greater volatility, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Currency Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> —The Fund’s net asset value could decline as a result of changes in the exchange rates between foreign currencies and the US dollar. Additionally, certain foreign countries may impose restrictions on the ability of issuers of foreign securities to make payment of principal and interest to investors located outside the country, due to blockage of foreign currency exchanges or otherwise.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000069387" id="x_56043419-88ec-4e0d-9fd6-7f5e44ae505d">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000069387" id="x_15f77d3d-b8f7-43b2-8f06-44c07261676f">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000069387" id="x_6da3a0e7-c597-45c1-9706-5dc4a75db966">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000069387" id="x_7599c2a9-28ab-4849-85c2-614713ee4728">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">No performance information is presented since the Fund </span><span style="font-family:Times New Roman;font-size:10pt;">does not yet have a full calendar year of performance.</span><span style="font-family:Times New Roman;font-size:10pt;"> Performance data for the Fund </span><span style="font-family:Times New Roman;font-size:10pt;">is available online at </span><span style="font-family:Times New Roman;font-size:10pt;">www.VictorySharesLiterature.com</span><span style="font-family:Times New Roman;font-size:10pt;">or by calling </span><span style="font-family:Times New Roman;font-size:10pt;">1-866-376-7890</span><span style="font-family:Times New Roman;font-size:10pt;">. </span><span style="font-family:Times New Roman;font-size:10pt;">A fund’s performance is not necessarily an indication of how that fund </span><span style="font-family:Times New Roman;font-size:10pt;">will perform in the future.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceOneYearOrLess contextRef="S000069387" id="x_3910cce5-2d19-46cc-a1c9-aae3fade27a2">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">No performance information is presented since the Fund </span><span style="font-family:Times New Roman;font-size:10pt;">does not yet have a full calendar year of performance.</span>
</rr:PerformanceOneYearOrLess>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000069387" id="d072eb24-e0cb-4cdd-8fc2-824a57168b73">
<span style="font-family:Times New Roman;font-size:10pt;">www.VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:PerformanceAvailabilityPhone contextRef="S000069387" id="x_29c9e9e8-ae85-4975-9f46-a738acf96162">
<span style="font-family:Times New Roman;font-size:10pt;">1-866-376-7890</span>
</rr:PerformanceAvailabilityPhone>
<rr:PerformancePastDoesNotIndicateFuture contextRef="S000069387" id="x_3b7cd592-0be0-4a40-a70d-9e2cb7f74215">
<span style="font-family:Times New Roman;font-size:10pt;">A fund’s performance is not necessarily an indication of how that fund </span><span style="font-family:Times New Roman;font-size:10pt;">will perform in the future.</span>
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<rr:RiskReturnHeading contextRef="S000065156" id="d766669e-1d3c-4972-b769-a77abf5c37fc">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares USAA MSCI USA Value </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Momentum ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000065156" id="x_85cbe8af-41e6-4431-b821-6ef4f2a4eaef">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000065156" id="x_087800bd-2f02-452a-9389-09cbfee71873">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares USAA MSCI USA Value Momentum ETF (the “Fund”) seeks to provide investment </span><span style="font-family:Times New Roman;font-size:10pt;">results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index (the “Index”).</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000065156" id="x_5cd8af0c-f83a-49a8-a6d2-da442fa18bcc">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
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<rr:ExpenseNarrativeTextBlock contextRef="S000065156" id="f0d9b1a8-b91e-4796-8afd-1ff6d9f78a03">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000065156_C000210925" decimals="INF" id="x_9006fd64-75a6-4822-88ee-2b5e0621dd33" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000065156" id="x_3887b37c-cb47-4069-aa7b-e73758661310">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000065156_C000210925" decimals="4" id="x_16d64ae0-0824-47b3-b86e-bb4e8a3b8051" unitRef="pure"> 0.0015 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000065156_C000210925" decimals="4" id="c93314cd-de81-4ae8-8315-763070da1c53" unitRef="pure"> 0.0012 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000065156_C000210925" decimals="4" id="x_543720b2-37ea-4d5d-9935-1c331932a670" unitRef="pure"> 0.0027 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000065156_C000210925" decimals="4" id="ce254162-8897-47e3-b917-0796ff10515d" unitRef="pure"> -0.0007 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000065156_C000210925" decimals="4" id="x_52ffcc9a-36c5-44d0-b75e-dd453fbac512" unitRef="pure"> 0.0020 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000065156" id="x_88834782-8adf-498d-961a-fae71a4e13f9">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000065156" id="x_2db07a73-b559-412a-b13f-98f6f485d200">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<rr:ExpenseExampleNarrativeTextBlock contextRef="S000065156" id="b0dbf21c-ac8e-4c40-ae9c-47cda7df2606">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000065156_C000210925" decimals="INF" id="x_7eef80ea-2ce0-45a8-89fc-f59f7a61d19c" unitRef="USD"> 20 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000065156_C000210925" decimals="INF" id="x_53558bef-fc8d-46e9-9996-b30e2cc877e2" unitRef="USD"> 80 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000065156_C000210925" decimals="INF" id="x_24e7c924-3107-4dbf-b41d-7fa0a9c7578e" unitRef="USD"> 145 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000065156_C000210925" decimals="INF" id="ed1a8479-31d6-4742-b277-a4aa679bad5e" unitRef="USD"> 336 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000065156" id="x_5dcc8c2d-18bb-4c1f-a2db-94ab641ca6bc">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<rr:PortfolioTurnoverTextBlock contextRef="S000065156" id="x_3dcb357a-13d8-4d43-9a5b-c358c72042ac">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">76</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000065156" decimals="4" id="x_6487c838-13d6-4fb4-95fb-8e73794e8511" unitRef="pure"> 0.76 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000065156" id="x_298214f5-eeb2-40c2-99ad-68dfa9e44ecf">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000065156" id="f81dafa1-ae97-4de3-9423-f7fc86d66db2">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">80% of its assets in securities in the Index. MSCI, Inc. (the “Index Provider”) constructs the Index in accordance with a rules-based methodology.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">issuers within the MSCI USA Index (the “Parent Index”) that have higher exposure to value and momentum factors, while also maintaining moderate Index turnover and lower realized volatility than traditional capitalization-weighted indexes. The value factor indicates how attractively a stock is priced relative to its fundamentals, such as book value and free cash flow. A value score is derived from a company’s valuation ratios, e.g. forward price-to-earnings, share price-to-book value, and enterprise value to operating cash flow. The momentum factor indicates whether changes in a company’s share price are trending up or down. A momentum score is calculated using a security’s price trends over the last six months and last 12 months (except the previous month), adjusted for volatility. A security is only evaluated within a single sector.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index Provider ranks each stock of the Parent Index based on its value and momentum scores, </span><span style="font-family:Times New Roman;font-size:10pt;">relative to their sector classification, and creates a composite score for each stock by equally weighting the stock’s value and momentum score. The Index Provider then selects the top 25% of the ranked stocks of the Parent Index based on their composite scores for inclusion in the Index. The constituents are weighted such that securities with lower realized volatility are given higher Index weights. The Index rebalances quarterly. As of September 30, 2021, the market capitalization of the issuers in the Index ranged from $2.2 billion to $2.3 trillion. The range may change from time to time.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index. The Fund also may invest up to 20% of its assets in instruments other than the securities in the Index, which the Adviser believes will help the Fund track the Index. Such instruments may include derivatives, including index futures, which the Fund may use for cash management (attempting to remain fully invested while maintaining liquidity) or to gain exposure to an investment in a manner other than investing in the asset directly.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund will concentrate its investments (i.e., hold more than 25% of its assets) in a particular </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">industry or group of industries to the extent that the Index is concentrated. The degree to which certain sectors, industries, or asset classes are represented in the Index may change over time.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000065156" id="af75952b-7b78-4395-b01d-2da3255c54f5">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<rr:RiskNarrativeTextBlock contextRef="S000065156" id="c8e01424-f7d5-4d14-8138-ab3e8359398a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company's earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Mid-Capitalization </span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Stock Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Mid-sized companies may be subject to a number of risks not</span><span style="font-family:Times New Roman;font-size:10pt;">associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization </span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Stock Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth</span><span style="font-family:Times New Roman;font-size:10pt;">rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Value Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Value investing entails investing in securities that are inexpensive relative to other securities based on ratios such as price to earnings or price to book. There may be periods when value investing is out of favor, and during which the investment performance of a fund using a value strategy may suffer. In addition, value stocks are subject to the risk that their intrinsic value may never be realized in the market.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those</span><span style="font-family:Times New Roman;font-size:10pt;">included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by NYSE Arca, Inc. (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">creation/redemption process, particularly if the market for shares becomes less liquid in </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Momentum Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Momentum investing entails investing more in securities that exhibit persistence in relative performance evidenced by better recent price performance compared to other securities. These securities may be more volatile than a broad cross-section of securities, and momentum may be an indicator that a security’s price is peaking. Momentum can turn quickly and cause significant variation from other types of investments. The Fund may experience significant losses if momentum stops, turns or otherwise behaves differently than predicted.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or sector. To the extent that the Index concentrates in the securities of issuers in a particular industry or sector, the Fund also can be expected to concentrate its investments to approximately the same extent. By concentrating its investments in an industry or sector, the Fund may face more risks than if it were diversified broadly over numerous industries or sectors. If the Index is not concentrated in a particular industry or sector, the Fund will not concentrate in a particular industry or sector.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Derivatives Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Derivatives, including futures contracts, may involve risks different from, or greater than, those associated with more traditional investments. In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage, and liquidity risks. Derivatives may create leverage and expose the Fund to additional levels of risk, including greater losses from investments and increased volatility, than would otherwise have been the case had the Fund not engaged in the activities that created the leverage. As a result of investing in derivatives, the Fund could lose more than the amount it invests. Derivatives may be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. Derivatives also may be subject to counterparty risk, which includes the risk that the Fund may sustain a loss as a result of the insolvency or bankruptcy of, or other non-compliance by, the other party to the transaction.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000065156" id="bf959e84-bffd-4096-ad96-d115a3bd3b05">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
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<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
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<rr:PerformanceNarrativeTextBlock contextRef="S000065156" id="b1c58a90-1db0-48db-a4aa-e568b0708767">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Performance information for the Fund prior to July 1, 2019 reflects the historical performance of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">USAA MSCI USA Value Momentum Blend Index ETF, a series of USAA ETF Trust (the predecessor to the Fund managed by USAA Asset Management Company) (the “Predecessor Fund”). The Fund’s performance has not been restated to reflect any differences in expenses paid by the Predecessor Fund and those paid by the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000065156" id="x_22f21372-e2ad-4117-85c8-a9cd0d93ac16">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000065156" id="x_62937c60-9bbf-4d73-9de3-0ce689f1a843">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000065156" id="acb3a48b-9dec-4e18-b708-4ae623e0c5cf">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
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<rr:BarChartClosingTextBlock contextRef="S000065156" id="bddc7eac-a7cc-4548-9b82-8cf5ff7c05d1">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">18.55%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">June 30, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-28.28%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">19.21%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
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<rr:HighestQuarterlyReturnLabel contextRef="S000065156_C000210925" id="dac50d85-b2ab-493d-8dfe-ab8c07c2e6be">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000065156_C000210925" decimals="4" id="e84b7f2f-0cd8-4e7a-a2db-fc03a0fee425" unitRef="pure"> 0.1855 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000065156_C000210925" id="e9a13738-f313-41f3-9782-9a387da56c49"> 2020-06-30 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000065156_C000210925" id="x_5b7b719d-e1d1-494d-85e1-ab0a45b309c7">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000065156_C000210925" decimals="4" id="eb5356d7-4f55-4c17-9122-621f32f3d2d8" unitRef="pure"> -0.2828 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000065156_C000210925" id="bfa9eb23-45eb-43bf-be11-a026e1772552"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000065156_C000210925" id="eadef4fb-dab9-4137-9cbd-ef34cd86b054">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000065156_C000210925" decimals="4" id="x_460b2f91-23e5-4aa5-9466-13a97224e699" unitRef="pure"> 0.1921 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000065156_C000210925" id="x_1e173223-2206-40b0-bcfd-bf2277057820"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000065156" id="x_761d6169-7663-473d-b29a-73f7c6de719f">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000065156" id="x_711c03b7-1b5f-4627-a426-5efb9807b625">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000065156" id="c5d6a80d-0f20-410f-b183-e2a326edfba2">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000065161" id="x_12bd8077-9777-4b09-bf68-55b7d6d75e64">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares USAA MSCI USA Small </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Cap Value Momentum ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000065161" id="x_0399eb52-acf3-4ecb-8be9-a9e208305e8e">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000065161" id="dc216460-4828-4ca4-a328-451cd8633995">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (the “Fund”) seeks to provide </span><span style="font-family:Times New Roman;font-size:10pt;">investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap Select Value Momentum Blend Index (the “Index”).</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000065161" id="x_041fe878-d2d9-4700-8cd0-6a958d04875c">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000065161" id="x_932122bb-cda8-450d-a04a-19892e93629e">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000065161_C000210930" decimals="INF" id="x_73239c35-751e-4947-9657-07c90ee30929" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000065161" id="x_02063457-69f9-4c39-86b7-4a29466be843">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000065161_C000210930" decimals="4" id="x_8434d601-c73b-4edf-9562-b48d9d80523c" unitRef="pure"> 0.0015 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000065161_C000210930" decimals="4" id="a2015788-5147-45f4-bee9-a58417839f9f" unitRef="pure"> 0.0013 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000065161_C000210930" decimals="4" id="x_7edfbf3c-4bbf-4f23-8c04-6eaa5025d4e1" unitRef="pure"> 0.0028 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000065161_C000210930" decimals="4" id="x_75ebab62-b3d2-486a-912c-9e137ce21d7c" unitRef="pure"> -0.0003 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000065161_C000210930" decimals="4" id="e7ab0c0e-0072-4f7f-b4a8-78976355de1a" unitRef="pure"> 0.0025 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000065161" id="x_2cfff504-3804-4d67-800a-5d0c53117937">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000065161" id="x_408acdca-626c-4403-b591-234cd53adc63">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000065161" id="x_2f20ff2a-8c8b-4773-b91f-df54b5f60660">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000065161_C000210930" decimals="INF" id="x_4b1ec61c-94c5-4865-92a6-d2d10d1acf37" unitRef="USD"> 26 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000065161_C000210930" decimals="INF" id="f11e047c-b650-455a-9a28-b80db0608f9f" unitRef="USD"> 87 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000065161_C000210930" decimals="INF" id="x_4202010e-e1ce-417c-b4bf-e9530796d2c6" unitRef="USD"> 154 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000065161_C000210930" decimals="INF" id="x_2202c435-0fb6-4e7b-b121-b0601300419c" unitRef="USD"> 353 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000065161" id="x_46f2bd7d-117a-4985-b21e-9e4b692b63b6">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000065161" id="x_5d79a0ea-7288-4c15-af99-bcfc2d9def99">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">78</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000065161" decimals="4" id="x_510a1f08-8a18-45e8-9ad8-0a7237bb094c" unitRef="pure"> 0.78 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000065161" id="x_6c35f3c5-3a7e-4786-852c-ae276a01d5fd">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000065161" id="x_06356727-8063-4adb-9d53-0964c6316687">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">80% of its assets in securities in the Index. MSCI, Inc. (the “Index Provider”) constructs the Index in accordance with a rules-based methodology. The Index is comprised solely of securities issued by U.S. small capitalization companies.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers within </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">the MSCI USA Small Cap Index (the “Parent Index”) that have higher exposure to value and momentum factors while also maintaining moderate Index turnover and lower realized volatility than traditional capitalization weighted indexes. The value factor indicates how attractively a stock is priced relative to its fundamentals, such as book value and free cash flow. A value score is derived from a company’s valuation ratios, e.g. forward price to earnings, share price to book value, and enterprise value to operating cash flow. The momentum factor indicates whether changes in a company’s share price are trending up or down. A momentum score is calculated using a security’s price trends over the last six months and last 12 months (except the previous month), adjusted for volatility. A security is only evaluated within a single industry or sector. A liquidity filter is applied to screen out securities with low liquidity. Securities generally are filtered by selecting the top 90% by count of securities in the Parent Index, based on the highest 12-month annualized traded value.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index Provider ranks each stock of the Parent Index based on its value and momentum scores, </span><span style="font-family:Times New Roman;font-size:10pt;">relative to their sector classification, and creates a composite score for each stock by equally weighting the stock’s value and momentum score. The Index Provider then selects the top 25% of the ranked stocks of the Parent Index based on their composite scores for inclusion in the Index. The constituents are weighted such that securities with lower realized volatility are given higher Index weights. The Index rebalances quarterly. As of September 30, 2021, the market capitalization of the issuers in the Index ranged from $135.9 million to $25.2 billion. The range may change from time to time.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund generally seeks to track the returns of the Index before fees and expenses by employing a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">replication strategy that seeks to hold all the stocks in the Index. The Fund also may invest up to 20% of its assets in instruments other than the securities in the Index, which the Adviser believes will help the Fund track the Index. Such instruments may include derivatives, including index futures, which the Fund may use for cash management (attempting to remain fully invested while maintaining liquidity) or to gain exposure to an investment in a manner other than investing in the asset directly.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund will concentrate its investments (i.e., hold more than 25% of its assets) in a particular </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">industry or group of industries to the extent that the Index is concentrated. The degree to which certain sectors, industries, or asset classes are represented in the Index may change over time.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000065161" id="x_923d05c8-4909-4fe7-b6ca-eb5e7d5272d5">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000065161" id="x_14f52eeb-06d4-4672-89b3-5f22065c5cf5">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company's earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Small-Capitalization Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, making it difficult for a Fund to buy and sell them at the time and price desired, and these issuers often face greater business risks. Small-capitalization companies typically are less financially stable than larger, more established companies, and may depend on a small number of key personnel, making them vulnerable to loss of personnel. These companies also generally have less diverse product lines than larger capitalization companies and are more susceptible to adverse developments related to their products.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Value Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Value investing entails investing in securities that are inexpensive relative to other securities based on ratios such as price to earnings or price to book. There may be periods when value investing is out of favor, and during which the investment performance of a fund using a value strategy may suffer. In addition, value stocks are subject to the risk that their intrinsic value may never be realized in the market.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those</span><span style="font-family:Times New Roman;font-size:10pt;">included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by NYSE Arca, Inc. (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Momentum Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Momentum investing entails investing more in securities that exhibit persistence in relative performance evidenced by better recent price performance compared to other securities. These securities may be more volatile than a broad cross-section of securities, and momentum may be an indicator that a security’s price is peaking. Momentum can turn quickly and cause significant variation from other types of investments. The Fund may experience significant losses if momentum stops, turns or otherwise behaves differently than predicted.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or sector. To the extent that the Index concentrates in the securities of issuers in a particular industry or sector, the Fund also can be expected to concentrate its investments to approximately the same extent. By concentrating its investments in an industry or sector, the Fund may face more risks than if it were diversified broadly </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">over numerous industries or sectors. If the Index is not concentrated in a particular industry or sector, </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">the Fund will not concentrate in a particular industry or sector.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Derivatives Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Derivatives, including futures contracts, may involve risks different from, or greater than, those associated with more traditional investments. In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage, and liquidity risks. Derivatives may create leverage and expose the Fund to additional levels of risk, including greater losses from investments and increased volatility, than would otherwise have been the case had the Fund not engaged in the activities that created the leverage. As a result of investing in derivatives, the Fund could lose more than the amount it invests. Derivatives may be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. Derivatives also may be subject to counterparty risk, which includes the risk that the Fund may sustain a loss as a result of the insolvency or bankruptcy of, or other non-compliance by, the other party to the transaction.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000065161" id="x_545cbd4e-6299-4661-925a-45c6923733a0">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000065161" id="abbe9e3d-125e-4ef2-a659-9a067000db94">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000065161" id="c7525a78-063f-4f5d-abf9-811fc3a2a48a">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000065161" id="x_94c3d0d9-1ad8-4012-8b4b-fa22451cc02a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Performance information for the Fund prior to July 1, 2019 reflects the historical performance of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">USAA MSCI USA Small Cap Value Momentum Blend Index ETF, a series of USAA ETF Trust (the predecessor to the Fund managed by USAA Asset Management Company) (the “Predecessor Fund”). The Fund’s performance has not been restated to reflect any differences in expenses paid by the Predecessor Fund and those paid by the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000065161" id="e6059fe3-2f2f-4f78-a9e6-491c209ce436">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000065161" id="c595c743-9e39-4845-a57f-8ef82a5ef9d1">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000065161" id="x_30d39790-320c-4d4b-ac2f-930f75084cd3">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000065161" id="x_91a159d3-c737-4fbb-aaf4-93760ceb0be8">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">24.20%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">June 30, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-32.02%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">17.97%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000065161_C000210930" id="x_9d864cd9-5772-4b7b-8628-64776071ca63">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000065161_C000210930" decimals="4" id="f3b09b6d-b390-49ad-b1b5-5f80bc1f36d4" unitRef="pure"> 0.2420 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000065161_C000210930" id="c12d427b-71f3-4285-98d7-a7e139b0ccdf"> 2020-06-30 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000065161_C000210930" id="a76054dc-ef1c-40a9-93e1-a686f436cf3c">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000065161_C000210930" decimals="4" id="ea9d8843-4594-4557-9dfb-b8dd9381f1da" unitRef="pure"> -0.3202 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000065161_C000210930" id="x_70a635a7-7d97-4880-a26d-5f9c8ed8d15e"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000065161_C000210930" id="x_5e4ae8a5-df8a-41f1-97a0-86ac3e6b2b75">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000065161_C000210930" decimals="4" id="x_7081322a-71df-48ae-afd2-b11d1c2ef7f3" unitRef="pure"> 0.1797 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000065161_C000210930" id="x_6fb6e1e5-101b-474d-a27a-0bc82bbd4767"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000065161" id="x_634aa067-051c-48bc-bfc3-7c9c4638b7a2">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000065161" id="x_412c6973-397d-4c83-ae9e-6ed353bae8a6">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000065161" id="x_2561e65a-bee2-4207-b1d7-a9b44b4535b7">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000065157" id="x_0225b19c-c682-4696-a9b2-30986cf1ba7e">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares USAA MSCI International </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Value Momentum ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000065157" id="x_763e9e4c-c094-4816-a733-8878642ba47b">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000065157" id="c2041c27-325a-4111-a8a5-026b439d9818">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares USAA MSCI International Value Momentum ETF (the “Fund”) seeks to provide </span><span style="font-family:Times New Roman;font-size:10pt;">investment results that closely correspond, before fees and expenses, to the performance of the MSCI World ex USA Select Value Momentum Blend Index (the “Index”).</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000065157" id="x_13b45f98-c56d-4666-a86b-ac8080c33891">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000065157" id="x_78dcde34-3dfb-49ad-aaa0-fb348b5fe564">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000065157_C000210926" decimals="INF" id="x_30546035-ad97-4d4e-9c0f-e780fe9e7aae" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000065157" id="x_2a8a28a6-2ddc-4bf4-88d1-0f5246f78056">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000065157_C000210926" decimals="4" id="x_17c55ea8-5145-49a3-9c92-cb3e3db1a9e4" unitRef="pure"> 0.0025 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000065157_C000210926" decimals="4" id="x_3916bee0-d8b3-4e11-8589-99926275e4ae" unitRef="pure"> 0.0017 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000065157_C000210926" decimals="4" id="f019cdfc-0fa5-4731-a5ab-f6927144b842" unitRef="pure"> 0.0042 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000065157_C000210926" decimals="4" id="e8a75331-5b9e-4923-a476-5897b48a3959" unitRef="pure"> -0.0007 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000065157_C000210926" decimals="4" id="x_8dab2d37-e9bf-4080-88e8-2628a59bde26" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000065157" id="x_96df541a-a6db-42b7-a99b-80d12477146a">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000065157" id="a47939dd-b67d-4979-a6b1-31582e7fdc05">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000065157" id="x_1f7c9f85-44e4-460b-b353-0f79aa8925b0">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000065157_C000210926" decimals="INF" id="x_027705ec-66d6-438b-9252-fc396b6bfa84" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000065157_C000210926" decimals="INF" id="x_92ce33e4-23d2-4b54-a64a-03316c10514a" unitRef="USD"> 128 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000065157_C000210926" decimals="INF" id="x_849a16e8-bee7-4f5a-9740-04723470f3b7" unitRef="USD"> 228 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000065157_C000210926" decimals="INF" id="x_958750b0-a5b0-4174-bdb0-4aa33338d2fc" unitRef="USD"> 523 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000065157" id="bcdd850f-bda0-404b-b7d3-09483ee9082d">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000065157" id="acdf5fcf-7b78-40f8-88b5-40c8de9e6303">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">90</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000065157" decimals="4" id="x_1eab7052-6597-4afc-b727-c0d8125362a9" unitRef="pure"> 0.90 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000065157" id="x_6f2ddfeb-57ea-45a5-ab8f-39c9d50ad035">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000065157" id="x_1b0fdc0d-4eaa-4bb6-b703-6e48e6a0966e">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">80% of its assets in securities in the Index, depositary receipts on securities in the Index, and securities underlying depositary receipts in the Index. MSCI, Inc. (the “Index Provider”) constructs the Index in accordance with a rules-based methodology.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is designed to deliver exposure to equity market performance in non-U.S. developed </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">markets and provide higher exposure to value and momentum factors within the MSCI World ex USA Index (the “Parent Index”) while also maintaining moderate Index turnover and lower realized volatility than traditional capitalization weighted indexes. The value factor indicates how attractively a stock is priced relative to its fundamentals, such as book value and free cash flow. A value score is derived from a company’s valuation ratios, e.g. forward price to earnings, share price to book value, and enterprise value to operating cash flow. The momentum factor indicates whether changes in a company’s share price are trending up or down. A momentum score is calculated using a security’s price trends over the last six months and last 12 months (except the previous month), adjusted for volatility. A security is only evaluated within a single industry or sector.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index Provider ranks each component of the Parent Index based on its value and momentum </span><span style="font-family:Times New Roman;font-size:10pt;">scores, relative to their sector classification, and creates a composite score for each stock by equally weighting the stock’s value and momentum score. The Index Provider then selects the top 25% of the ranked stocks of the Parent Index based on their composite scores for inclusion in the Index. The constituents are weighted such that securities with lower realized volatility are given higher Index weights. The Index rebalances quarterly. In order to limit over weighting, the Index has a defined a threshold of 5% relative to the Parent Index in geographic regions, as defined by the Index Provider. As of September 30, 2021, the Index provided exposure to the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is comprised of equity securities, including American Depositary Receipts (“ADRs”) and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Global Depositary Receipts (“GDRs”).</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to track the returns of the Index before fees and expenses by employing, under </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">normal circumstances, a “sampling” process to invest in a representative sample of stocks included in the Index. The Fund’s portfolio managers select these stocks using a statistical optimization process designed to produce investment characteristics that closely approximate those of the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund also may invest up to 20% of its assets in instruments other than the securities in the Index, </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">which the Adviser believes will help the Fund track the Index. Such instruments may include derivatives, including index futures, which the Fund may use for cash management (attempting to remain fully invested while maintaining liquidity) or to gain exposure to an investment in a manner other than investing in the asset directly.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund will concentrate its investments (i.e., hold more than 25% of its assets) in a particular </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">industry or group of industries to the extent that the Index is concentrated. The degree to which certain sectors, industries, or asset classes are represented in the Index may change over time.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000065157" id="x_73593463-e4ea-4de1-9653-a7b9d3253338">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
</rr:RiskHeading>
<rr:RiskNarrativeTextBlock contextRef="S000065157" id="c4b8988c-cff2-4a19-86db-465311d765a1">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company's earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Fixed Income Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The value of the Fund's direct or indirect investments in fixed income securities changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Geographic Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — To the extent the Index focuses its investments in issuers located in a particular country or region, the Fund is subject to greater risks of volatile economic cycles and/or conditions and developments that may be particular to that country or region. For example, the Fund may be subject to greater risk of adverse securities markets, exchange rates, social, political, regulatory, economic, business, environmental or other developments, or natural disasters.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Currency Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in foreign currencies and in securities that trade in, or receive revenues in, or in derivatives that provide exposure to foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar. Any such decline may erode or reverse any potential gains from an investment in securities denominated in foreign currency or may widen existing loss. Currency rates may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates; intervention (or the failure to intervene) by governments, central banks or supranational entities; the imposition of currency controls; or other political developments in the United States or abroad.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Depositary Receipts Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Foreign securities may trade in the form of depositary receipts, which include ADRs and GDRs (collectively “Depositary Receipts”). To the extent the Fund acquires Depositary Receipts through banks which do not have a contractual relationship with the foreign issuer of the security underlying the Depositary Receipts to issue and service such unsponsored Depositary Receipts, the Fund may not be aware of and be able to respond to corporate actions such as stock splits or rights offerings involving the foreign issuer in a timely manner. In addition, the lack of information may result in inefficiencies in the valuation of such instruments. Investment in Depositary Receipts does not eliminate all the risks inherent in investing in securities of non-U.S. issuers. The market value of Depositary Receipts depends on the market value of the underlying securities and fluctuations in the relative value of the currencies in which the Depositary Receipts and the underlying securities are quoted.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Investments in Depositary Receipts may be less liquid and more volatile than the underlying securities in their primary trading market.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">If a Depositary Receipt is denominated in a different currency than its underlying securities, the Fund will be subject to the currency risk of both the investment in the Depositary Receipt and the underlying security.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Holders of Depositary Receipts may have limited or no rights to take action with respect to the underlying securities or to compel the issuer of the receipts to take action.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The prices of Depositary Receipts may differ from the prices of securities upon which they are based.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">To the extent the Fund invests in Depositary Receipts based on securities included in the Index, such differences in prices may increase index tracking risk.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Mid-Capitalization and Small-Capitalization Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Large-Capitalization </span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Stock Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The securities of large capitalization companies may underperform the securities of smaller capitalization companies or the market as a whole. The growth</span><span style="font-family:Times New Roman;font-size:10pt;">rate of larger, more established companies may lag those of smaller companies, especially during periods of economic expansion.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Value Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Value investing entails investing in securities that are inexpensive relative to other securities based on ratios such as price to earnings or price to book. There may be periods when value investing is out of favor, and during which the investment performance of a fund using a value strategy may suffer. In addition, value stocks are subject to the risk that their intrinsic value may never be realized in the market.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those</span><span style="font-family:Times New Roman;font-size:10pt;">included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by NYSE Arca, Inc. (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Sampling Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. As a result, an adverse development with an issuer or a small number of issuers of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Momentum Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Momentum investing entails investing more in securities that exhibit persistence in relative performance evidenced by better recent price performance compared to other securities. These securities may be more volatile than a broad cross-section of securities, and momentum may be an indicator that a security’s price is peaking. Momentum can turn quickly and cause significant variation from other types of investments. The Fund may experience significant losses if momentum stops, turns or otherwise behaves differently than predicted.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the </span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">Fund</span><span style="font-family:Times New Roman;font-size:10pt;">’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or sector. To the extent that the Index concentrates in the securities of issuers in a particular industry or sector, the Fund also can be expected to concentrate its investments to approximately the same extent. By concentrating its investments in an industry or sector, the Fund may face more risks than if it were diversified broadly over numerous industries or sectors. If the Index is not concentrated in a particular industry or sector, the Fund will not concentrate in a particular industry or sector.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Derivatives Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Derivatives, including futures contracts, may involve risks different from, or greater than, those associated with more traditional investments. In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage, and liquidity risks. Derivatives may create leverage and expose the Fund to additional levels of risk, including greater losses from investments and increased volatility, than would otherwise have been the case had the Fund not engaged in the activities that created the leverage. As a result of investing in derivatives, the Fund could lose more than the amount it invests. Derivatives may be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. Derivatives also may be subject to counterparty risk, which includes the risk that the Fund may sustain a loss as a result of the insolvency or bankruptcy of, or other non-compliance by, the other party to the transaction.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000065157" id="x_4b261307-ea12-427c-9fdd-bd55d5fe40e0">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000065157" id="x_77fabef4-1163-4a1d-a028-4d9b09a4fba7">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000065157" id="ea28f729-f632-41a4-a5c3-009a218b09ae">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000065157" id="x_1e37567e-3e8c-4da7-a7a1-2c8d2aedd47e">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Performance information for the Fund prior to July 1, 2019 reflects the historical performance of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">USAA MSCI USA International Value Momentum Blend Index ETF, a series of USAA ETF Trust (the predecessor to the Fund managed by USAA Asset Management Company) (the “Predecessor Fund”). The Fund’s performance has not been restated to reflect any differences in expenses paid by the Predecessor Fund and those paid by the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000065157" id="x_0ada4944-d8be-42ee-a965-615e93fccc63">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000065157" id="d199f95b-24ce-4ae8-96e6-d87ba05e041a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000065157" id="x_3286cfcf-a7b7-4d41-9fe4-2661298413d1">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000065157" id="c856eaec-fff1-4059-922d-fcb7fb5aef8e">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">13.77%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-25.33%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:16.09%;">9.76%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000065157_C000210926" id="x_79763cda-8c26-4858-9d75-e8113cd67382">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000065157_C000210926" decimals="4" id="f1ceb7e5-0c5e-4a3f-b39d-dfe1d9a51346" unitRef="pure"> 0.1377 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000065157_C000210926" id="x_3bd12fc2-8fe1-4eb1-a71f-bc5b3d3968a2"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000065157_C000210926" id="x_09a3418d-b5aa-429d-989d-0584bb45a900">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000065157_C000210926" decimals="4" id="x_91cdce5c-a521-413e-839e-6013332c36de" unitRef="pure"> -0.2533 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000065157_C000210926" id="x_2365e785-b99c-43ff-912c-f8e78367623f"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000065157_C000210926" id="x_1f8600a7-718d-4588-90f8-6b574eaa455e">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000065157_C000210926" decimals="4" id="bf06c2c4-8422-4d0d-bf7d-43b818a96d92" unitRef="pure"> 0.0976 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000065157_C000210926" id="x_33cd83a9-3bba-4744-a116-6bd40b842fde"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000065157" id="x_3beb1c06-d761-462c-b333-c2111cdf9aec">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000065157" id="b9350d4c-1a48-4311-ad6e-0fa9d6c03384">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000065157" id="x_8894ce53-392b-402a-920f-02e0fa1140a9">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000065158" id="a64bbd0b-ceb7-4db7-95fc-b3eb84a72ab2">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares USAA MSCI Emerging </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Markets Value Momentum ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000065158" id="cc07ca64-d034-4bb9-9ea9-c81a1141858e">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The VictoryShares USAA MSCI Emerging Markets Value Momentum ETF (the “Fund”) seeks to provide </span><span style="font-family:Times New Roman;font-size:10pt;">investment results that closely correspond, before fees and expenses, to the performance of the MSCI Emerging Markets Select Value Momentum Blend Index (the “Index”).</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
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<rr:ShareholderFeeOther contextRef="S000065158_C000210927" decimals="INF" id="x_2fab1a93-dabd-437a-b785-de9667c3703c" unitRef="USD"> 0 </rr:ShareholderFeeOther>
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<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
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<rr:ManagementFeesOverAssets contextRef="S000065158_C000210927" decimals="4" id="x_580f090e-051e-483f-a1bd-889fdd04dd8b" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000065158_C000210927" decimals="4" id="x_983c6d65-a867-4914-b82c-b01586a45a2b" unitRef="pure"> 0.0026 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000065158_C000210927" decimals="4" id="x_1152e9af-5455-4c41-8057-d01e64e0022f" unitRef="pure"> 0.0056 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000065158_C000210927" decimals="4" id="x_46dca41d-60de-441a-8a46-a509aaf4728f" unitRef="pure"> -0.0011 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000065158_C000210927" decimals="4" id="x_983fe646-c3a7-4e33-989a-4ad4152a0b3c" unitRef="pure"> 0.0045 </rr:NetExpensesOverAssets>
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<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
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<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
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<rr:ExpenseExampleYear01 contextRef="S000065158_C000210927" decimals="INF" id="ecba6eaf-cc3a-414b-a483-756535077867" unitRef="USD"> 46 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000065158_C000210927" decimals="INF" id="x_19b672a5-6c36-4d59-9319-bc0bcdc12543" unitRef="USD"> 168 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000065158_C000210927" decimals="INF" id="d833653e-c98e-41e7-a289-d173788d5ed6" unitRef="USD"> 302 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000065158_C000210927" decimals="INF" id="x_3bdd32d2-fec9-4f8c-965b-eac7edea646e" unitRef="USD"> 691 </rr:ExpenseExampleYear10>
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<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">95</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
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<rr:PortfolioTurnoverRate contextRef="S000065158" decimals="4" id="fe5e6738-2908-4d90-8bf9-4379302f714d" unitRef="pure"> 0.95 </rr:PortfolioTurnoverRate>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">80% of its assets in securities in the Index, depositary receipts on securities in the Index, and securities underlying depositary receipts in the Index. MSCI, Inc. (the “Index Provider”) constructs the Index in accordance with a rules-based methodology. The Index is comprised solely of securities issued by companies associated with emerging market countries as described more fully below.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is designed to deliver exposure to equity market performance in the global emerging </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">markets and provide higher exposure to value and momentum factors within the MSCI Emerging Markets Index (the “Parent Index”) while also maintaining moderate Index turnover and lower realized volatility than traditional capitalization weighted indexes. A liquidity filter is applied to screen out securities with low liquidity. Securities generally are filtered by selecting the top 90% by count of securities in the Parent Index, based on the highest 12-month annualized traded value. The Index Provider determines whether an issuer is located in a particular country by reference to the Index methodology.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The value factor indicates how attractively a stock is priced relative to its fundamentals, such as book </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">value and free cash flow. A value score is derived from a company’s valuation ratios, e.g. forward price to earnings, share price to book value, and enterprise value to operating cash flow. The momentum factor indicates whether changes in a company’s share price are trending up or down. A momentum score is calculated using a security’s price trends over the last six months and last 12 months (except the previous month), adjusted for volatility. A security is only evaluated within a single industry or sector.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index Provider ranks each stock of the Parent Index based on its value and momentum scores, </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">relative to their sector classification, and creates a composite score for each stock by equally weighting the stock’s value and momentum score. The Index Provider then selects the top 25% of the ranked stocks of the Parent Index based on their composite scores for inclusion in the Index. The constituents are weighted such that securities with lower realized volatility are given higher Index weights. In order to limit over weighting, the Index has a defined a threshold of 5% relative to the Parent Index in geographic regions, as defined by the Index Provider.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Index is comprised of equity securities, including American Depositary Receipts (“ADRs”) and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Global Depositary Receipts (“GDRs”).</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">As of September 30, </span><span style="font-family:Times New Roman;font-size:10pt;">2021, the emerging market countries represented in the Index included: Argentina, Brazil, Chile, China, Columbia, Czech Republic, Egypt, Greece, Hungary, India,</span><span style="font-family:Times New Roman;font-size:10pt;">Indonesia, Korea, Kuwait, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund seeks to track the returns of the Index before fees and expenses by employing, under </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">normal circumstances, a “sampling” process to invest in a representative sample of stocks included in the Index. The Fund’s portfolio managers select these stocks using a statistical optimization process designed to produce investment characteristics that closely approximate those of the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund also may invest up to 20% of its assets in instruments other than the securities in the Index, </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">which the Adviser believes will help the Fund track the Index. Such instruments may include derivatives, including index futures, which the Fund may use for cash management (attempting to remain fully invested while maintaining liquidity) or to gain exposure to an investment in a manner other than investing in the asset directly.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund will concentrate its investments (i.e., hold more than 25% of its assets) in a particular </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">industry or group of industries to the extent that the Index is concentrated. The degree to which certain sectors, industries, or asset classes are represented in the Index may change over time. The Index will rebalance quarterly.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Equity Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company's earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Stock Market Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Overall stock market risks may affect the value of the Fund. Domestic and international factors such as political events, war, trade disputes, interest rate levels and other fiscal and monetary policy changes, pandemics and other public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires and floods, may add to instability in world economies and markets generally. The impact of these and other factors may be short-term or may last for extended periods.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities and Emerging Countries Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information, and less economic, political, and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs), and other government restrictions by the United States or other governments; or problems in share registration, settlement, or custody also may result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. These risks may be more pronounced in connection with the Fund’s investments in securities of issuers located in emerging countries. The securities markets of most emerging countries are less liquid, developed, and efficient; are subject to greater price volatility; have smaller market capitalizations; have more or less government regulation (including limitations on the available rights and remedies); may not be subject to as extensive and frequent accounting, financial, recordkeeping and other reporting requirements as the securities markets of more developed countries. Further, investment in securities of issuers located in certain emerging countries involves the risk of loss resulting from problems in share registration, settlement, foreign investment structures or custody and substantial economic, political, and social disruptions. These risks are not normally associated with investments in more developed countries.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Geographic Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — To the extent the Index focuses its investments in issuers located in a particular country or region, the Fund is subject to greater risks of volatile economic cycles and/or conditions and developments that may be particular to that country or region. For example, the Fund may be subject to greater risk of adverse securities markets, exchange rates, social, political, regulatory, economic, business, environmental or other developments, or natural disasters.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Currency Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in foreign currencies and in securities that trade in, or receive revenues in, or in derivatives that provide exposure to foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar. Any such decline may erode or reverse any potential gains from an investment in securities denominated in foreign currency or may widen existing loss. Currency rates may fluctuate significantly over short periods of time for a number of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">reasons, including changes in interest rates; intervention (or the failure to intervene) by governments, </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">central banks or supranational entities; the imposition of currency controls; or other political developments in the United States or abroad.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Depositary Receipts Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Foreign securities may trade in the form of depositary receipts, which include ADRs and GDRs (collectively “Depositary Receipts”). To the extent the Fund acquires Depositary Receipts through banks which do not have a contractual relationship with the foreign issuer of the security underlying the Depositary Receipts to issue and service such unsponsored Depositary Receipts, the Fund may not be aware of and be able to respond to corporate actions such as stock splits or rights offerings involving the foreign issuer in a timely manner. In addition, the lack of information may result in inefficiencies in the valuation of such instruments. Investment in Depositary Receipts does not eliminate all the risks inherent in investing in securities of non-U.S. issuers. The market value of Depositary Receipts depends on the market value of the underlying securities and fluctuations in the relative value of the currencies in which the Depositary Receipts and the underlying securities are quoted.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Investments in Depositary Receipts may be less liquid and more volatile than the underlying securities in their primary trading market.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">If a Depositary Receipt is denominated in a different currency than its underlying securities, the Fund will be subject to the currency risk of both the investment in the Depositary Receipt and the underlying security.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Holders of Depositary Receipts may have limited or no rights to take action with respect to the underlying securities or to compel the issuer of the receipts to take action.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The prices of Depositary Receipts may differ from the prices of securities upon which they are based.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">To the extent the Fund invests in Depositary Receipts based on securities included in the Index, such differences in prices may increase index tracking risk.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Mid-Capitalization and Small-Capitalization Company Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Value Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Value investing entails investing in securities that are inexpensive relative to other securities based on ratios such as price to earnings or price to book. There may be periods when value investing is out of favor, and during which the investment performance of a fund using a value strategy may suffer. In addition, value stocks are subject to the risk that their intrinsic value may never be realized in the market.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Index Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund attempts to track the performance of the Index. The Fund’s performance will be negatively affected by general declines in the securities and asset classes represented in the Index. In addition, because the Fund is not actively managed, unless a specific security is removed from the Index, the Fund generally will not sell a security because the security’s issuer was in financial trouble. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Passive Investment Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is not actively managed, and the Adviser does not take defensive positions under any market conditions, including declining markets.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Calculation Methodology Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Index relies on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Provider, nor the Adviser can offer assurances that the Index’s </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">calculation methodology or sources of information will provide an accurate assessment of included </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">issuers or correct valuation of securities, nor can they guarantee the availability or timeliness of the production of an Index.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Tracking Error Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund may be subject to tracking error, which is the divergence of the Fund’s performance from its index. Tracking error may occur because of, among other reasons, differences between the securities and other instruments held in the Fund’s portfolio and those</span><span style="font-family:Times New Roman;font-size:10pt;">included in the Index. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Index does not.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by NYSE Arca, Inc. (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">prices and may not reflect events that occur subsequent to the local market’s close which could </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Tax-Efficiency Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Redemptions of shares may be effected for cash, rather than in kind, which means that the Fund may need to sell portfolio securities in order to complete an in-cash redemption, and may recognize net gains on these sales. As a result, investments in the shares may be less tax-efficient than investments in ETFs that redeem solely or principally in kind, and the Fund may pay out higher annual capital gain distributions than if the in-kind redemption process was used.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Sampling Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. As a result, an adverse development with an issuer or a small number of issuers of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Momentum Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Momentum investing entails investing more in securities that exhibit persistence in relative performance evidenced by better recent price performance compared to other securities. These securities may be more volatile than a broad cross-section of securities, and momentum may be an indicator that a security’s price is peaking. Momentum can turn quickly and cause significant variation from other types of investments. The Fund may experience significant losses if momentum stops, turns or otherwise behaves differently than predicted.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or sector. To the extent that the Index concentrates in the securities of issuers in a particular industry or sector, the Fund also can be expected to concentrate its investments to approximately the same extent. By concentrating its investments in an industry or sector, the Fund may face more risks than if it were diversified broadly over numerous industries or sectors. If the Index is not concentrated in a particular industry or sector, the Fund will not concentrate in a particular industry or sector.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — In certain circumstances, such as the disruption of the orderly markets for the investments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. Markets for the investments in which the Fund invests may be disrupted by a number of events, including but not limited to economic crises, natural disasters, new legislation, or regulatory changes, and may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Index.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Valuation Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security and may differ from the value used by the Index, particularly for securities that trade in low volume or volatile markets or that are valued using a fair value methodology. The Fund relies on various sources to calculate its NAV. The information may be provided by third parties that are believed to be reliable, but the information may not be accurate due to errors by such pricing sources, technological issues, or otherwise.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Derivatives Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Derivatives, including futures contracts, may involve risks different from, or greater than, those associated with more traditional investments. In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage, and liquidity risks. Derivatives may create leverage and expose the Fund to additional levels of risk, including greater losses from investments and increased volatility, than would otherwise have been the case had the Fund not engaged in the activities that created the leverage. As a result of investing in derivatives, the Fund could lose more than the amount it invests. Derivatives may be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. Derivatives also may be subject to counterparty risk, which includes the risk that the Fund may sustain a loss as a result of the insolvency or bankruptcy of, or other non-compliance by, the other party to the transaction.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000065158" id="x_27ec70cb-cb24-492b-9142-f98bb8c9039c">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000065158" id="b31cdafc-6b9a-48ed-9f4f-8c6d1f933df7">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
</rr:RiskNotInsuredDepositoryInstitution>
<rr:BarChartAndPerformanceTableHeading contextRef="S000065158" id="x_2223804e-8402-48c1-a574-1176892a2437">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000065158" id="x_5e718e10-018e-4b4e-8f2f-56b56033ff6e">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Performance information for the Fund prior to July 1, 2019 reflects the historical performance of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">USAA MSCI Emerging Markets Value Momentum Blend Index ETF, a series of USAA ETF Trust (the predecessor to the Fund managed by USAA Asset Management Company) (the “Predecessor Fund”). The Fund’s performance has not been restated to reflect any differences in expenses paid by the Predecessor Fund and those paid by the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000065158" id="x_6f843711-50b0-4454-8047-bd09a079348d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000065158" id="dce06826-4081-427e-b258-ea0e1d5f97cf">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000065158" id="x_50e510ad-c371-4c40-a4b2-576c9502c1b2">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
</rr:BarChartHeading>
<rr:BarChartClosingTextBlock contextRef="S000065158" id="x_263bde67-641b-4e74-a18c-c0f64e5f0e3c">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.97%;">18.26%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">December 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:3.99%;">-26.27%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:8.96%;">10.18%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
</rr:BarChartClosingTextBlock>
<rr:HighestQuarterlyReturnLabel contextRef="S000065158_C000210927" id="x_825411a5-06e8-4d7a-8e29-d7dfc5ef2cc1">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000065158_C000210927" decimals="4" id="x_09a80de5-127b-4a80-a346-1fa355f2d95d" unitRef="pure"> 0.1826 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000065158_C000210927" id="d13f70b6-22cd-4bd1-aabc-d208ffbdd773"> 2020-12-31 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000065158_C000210927" id="b1713c2d-5fbd-496d-a505-ec65680b0313">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000065158_C000210927" decimals="4" id="x_34b3a410-71a7-4bba-b317-6e6f5b59a74e" unitRef="pure"> -0.2627 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000065158_C000210927" id="abb1bc2b-e4bd-4681-ae6e-02f7f5f69403"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000065158_C000210927" id="dba2c23f-559d-4a43-a462-26c524a3da45">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000065158_C000210927" decimals="4" id="x_95930f22-6edc-4498-a713-73ba5d3d2043" unitRef="pure"> 0.1018 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000065158_C000210927" id="x_17952a54-339a-4b1a-81bf-61a660eaa54a"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000065158" id="x_1bbd89d8-49a5-48b0-a5c1-7fcc8aa25f8c">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000065158" id="da852cf5-4e37-4db2-be63-cb7ce9f5a9d6">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000065158" id="x_27d2e5c3-68f2-4018-abe2-fd35708377eb">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000065159" id="d06e8b91-fc55-44fd-9e94-77ccdcec6034">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares USAA Core Short-Term </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Bond ETF Summary</span>
</rr:RiskReturnHeading>
<rr:ObjectiveHeading contextRef="S000065159" id="b11e9813-d77c-46aa-bd0d-f67dd842d6a0">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
</rr:ObjectiveHeading>
<rr:ObjectivePrimaryTextBlock contextRef="S000065159" id="x_8546379c-3eb9-4080-8fcb-817274ce8405">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The </span><span style="font-family:Times New Roman;font-size:10pt;">VictoryShares USAA Core Short-Term Bond ETF (the “Fund”) seeks high current income consistent with preservation of principal.</span>
</rr:ObjectivePrimaryTextBlock>
<rr:ExpenseHeading contextRef="S000065159" id="x_9c50735e-1090-45ac-818f-648d666bafd1">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
</rr:ExpenseHeading>
<rr:ExpenseNarrativeTextBlock contextRef="S000065159" id="eaed8281-c426-4d68-8187-97715750a932">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:ExpenseNarrativeTextBlock>
<rr:ShareholderFeeOther contextRef="S000065159_C000210928" decimals="INF" id="x_30cf0abd-1639-430d-b400-948e73f46657" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000065159" id="x_4c988693-fe93-4bc2-a5d5-988ae94fc0a0">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
</rr:OperatingExpensesCaption>
<rr:ManagementFeesOverAssets contextRef="S000065159_C000210928" decimals="4" id="b431c0eb-f4e9-45e8-b0c8-cb7ce967801e" unitRef="pure"> 0.0025 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000065159_C000210928" decimals="4" id="x_02e6b473-91a2-4795-900d-1cea13e90b96" unitRef="pure"> 0.0012 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000065159_C000210928" decimals="4" id="x_9bfa5538-6f8f-4321-b359-fc36aa72e40a" unitRef="pure"> 0.0037 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000065159_C000210928" decimals="4" id="x_8f2466b8-af8f-4540-bc44-8b55d5168cdc" unitRef="pure"> -0.0002 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000065159_C000210928" decimals="4" id="x_757d8844-56dd-41e2-a2dd-883cda3ecfa2" unitRef="pure"> 0.0035 </rr:NetExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination contextRef="S000065159" id="x_1e33673b-f298-41b8-8035-32f9583c5fb0">
<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
</rr:FeeWaiverOrReimbursementOverAssetsDateOfTermination>
<rr:ExpenseExampleHeading contextRef="S000065159" id="x_5a945058-74ac-41de-a695-4ca24381b929">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
</rr:ExpenseExampleHeading>
<rr:ExpenseExampleNarrativeTextBlock contextRef="S000065159" id="f6c294e3-2e8e-4099-9983-a791a46f718d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
</rr:ExpenseExampleNarrativeTextBlock>
<rr:ExpenseExampleYear01 contextRef="S000065159_C000210928" decimals="INF" id="x_75b5a1e7-0503-4449-b43d-a4490bd2335d" unitRef="USD"> 36 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000065159_C000210928" decimals="INF" id="x_757c6ec8-8473-461b-970e-cac99cef8dff" unitRef="USD"> 117 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000065159_C000210928" decimals="INF" id="x_081cb486-8eaf-4158-9d3a-7076013dbfff" unitRef="USD"> 206 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000065159_C000210928" decimals="INF" id="x_7d22b481-826a-4aab-96b1-df732cf031c5" unitRef="USD"> 466 </rr:ExpenseExampleYear10>
<rr:PortfolioTurnoverHeading contextRef="S000065159" id="cd18f5b5-f8bf-4edf-b7c5-c045b3264297">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
</rr:PortfolioTurnoverHeading>
<rr:PortfolioTurnoverTextBlock contextRef="S000065159" id="x_6533bdaf-f582-486a-a327-35be1d63bf3e">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">80</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
</rr:PortfolioTurnoverTextBlock>
<rr:PortfolioTurnoverRate contextRef="S000065159" decimals="4" id="x_52d97838-7f33-4cd0-a03a-bf2c650076ab" unitRef="pure"> 0.80 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000065159" id="x_0e2febca-3e8d-4568-974c-94e34ef3db13">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
</rr:StrategyHeading>
<rr:StrategyNarrativeTextBlock contextRef="S000065159" id="bec6c810-c7e6-4755-bcbd-685e4ab83305">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Under normal circumstances, the Fund invests at least 80% of its assets in debt securities and in </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">derivatives and other instruments that have economic characteristics similar to such securities. The Fund primarily invests in securities that have a dollar-weighted average portfolio maturity of three years or less. The debt securities in which the Fund typically invests include a mix of government obligations (including U.S., state, and local governments, their agencies and instrumentalities); mortgage- and asset-backed securities (including collateralized debt obligations and collateralized mortgage obligations); corporate debt securities; and other securities believed to have debt-like characteristics. The Fund will invest primarily in investment-grade securities, but may invest up to 20% of its net assets in below-investment-grade securities, which sometimes are referred to as high-yield securities or “junk” bonds.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund may invest up to 20% of its net assets in foreign debt securities, including non-U.S. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">dollar-denominated securities and securities of companies in emerging market countries (i.e., those that are in the early stages of their industrial cycles). The Fund also may invest in securities not considered foreign securities that carry foreign credit exposure.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund may use futures, including U.S. Treasury futures, to manage duration, increase or decrease </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">its exposure to changing security prices or other factors that affect security values, enhance income, hedge against certain risks, or keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to a market.</span>
</rr:StrategyNarrativeTextBlock>
<rr:RiskHeading contextRef="S000065159" id="x_57d008ea-276f-45bd-a038-8f338076a74d">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<rr:RiskNarrativeTextBlock contextRef="S000065159" id="dea21006-f932-4243-bd52-8556cca81f3a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Debt Securities or Bond Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund is subject to the risk that the market value of the bonds in the Fund’s portfolio will fluctuate because of changes in interest rates, changes in the supply of and demand for debt securities, and other market factors. Bond prices generally are linked to the prevailing market interest rates. In general, when interest rates rise, bond prices typically fall; conversely, when interest rates fall, bond prices typically rise. The price volatility of a bond also depends on its duration, which is a measure of a bond’s sensitivity to a change in interest rates. Generally, the longer the duration of a bond, the greater is its sensitivity to interest rates. To compensate investors for this higher interest rate risk, bonds with longer durations generally offer higher yields than bonds with shorter durations. The Fund faces a heightened level of interest rate risk under current conditions because interest rates are at near historically low levels. Should the U.S. Federal Reserve raise interest rates, the Fund may be subject to risks associated with rising interest rates. The fixed-income securities in the Fund’s portfolio also are subject to credit risk, which is the possibility that an issuer of a fixed-income security cannot make timely interest and principal payments on its securities or that negative market perceptions of the issuer’s ability to make such payments will cause the price of that security to decline. The Fund accepts some credit risk as a recognized means to enhance an investor’s return.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">High-Yield Bond Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Fixed-income securities rated below investment grade, also known as “junk” or high-yield bonds, generally entail greater credit and liquidity risk than investment-grade securities. Their prices also may be more volatile, especially during economic downturns and financial setbacks or liquidity events. The Fund’s value could be hurt by price declines due to actual or perceived changes in an issuer’s ability to make such payments. These securities are considered by the major rating agencies to be predominantly speculative with respect to the issuer’s continuing ability to pay principal and interest, and they carry a greater risk that the issuer of such securities will default on the timely payment of principal and interest. Issuers of securities that are in default or have defaulted may fail to resume principal or interest payments, in which case the Fund may lose its entire investment. The creditworthiness of issuers of these securities may be more complex to analyze than that of issuers of investment-grade debt securities, and the overreliance on credit ratings may present additional risks.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Asset-Backed and Mortgage-Backed Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Mortgage- and asset-backed securities (“MBS” or “ABS,” respectively) differ from conventional debt securities because principal is paid back over the life of the security rather than at maturity. MBS and ABS are subject to prepayment or call risk, which is the risk that a borrower’s payments may be received earlier than expected due to changes in prepayment rates on underlying loans. As a result, the Fund may reinvest these early payments at lower interest rates, thereby reducing the Fund’s income. These securities also are subject to extension risk, which is the risk that the life of the ABS or MBS may be extended due to higher interest rates and lower prepayments. As a result, the value of the securities will decrease. The value of MBS can be impacted by factors affecting the housing market, and MBS also are subject to the risk of high default rates on the mortgages within the mortgage pool. The liquidity of non-agency or privately issued ABS or MBS securities, in particular those that are rated as non-investment grade, may change dramatically over time.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">U.S. Government Sponsored Enterprises (“GSEs”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Securities issued by certain GSEs, such as MBS issued by the Government National Mortgage Association (“Ginnie Mae”), are backed by the full faith and credit of the U.S. government. Securities issued by other GSEs, such as Federal Home Loan Mortgage Corporation (“Freddie Mac”) and the Federal National Mortgage Association (“Fannie Mae”), are neither issued nor guaranteed by the U.S. Treasury. Rather, they are supported by the credit of the issuing agency, instrumentality or corporation. However, these securities typically have indirect support from the U.S. government through an ability to borrow from the U.S. Treasury, and the U.S. government is authorized to purchase the GSE’s obligations. If a GSE defaults on its obligations, the Fund might not be able to recover its investment.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information, and less economic, political, and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs), and other government restrictions by the United States or other governments; or problems in share registration, settlement, or custody also may result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Derivatives Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Derivatives, including futures contracts, may involve risks different from, or greater than, those associated with more traditional investments. In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage, and liquidity risks. Derivatives may create leverage and expose the Fund to additional levels of risk, including greater losses from investments and increased volatility, than would otherwise have been the case had the Fund not engaged in the activities that created the leverage. As a result of investing in derivatives, the Fund could lose more than the amount it invests. Derivatives may be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. Derivatives also may be subject to counterparty risk, which includes the risk that the Fund may sustain a loss as a result of the insolvency or bankruptcy of, or other non-compliance by, the other party to the transaction.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by NYSE Arca, Inc. (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0.00%;">Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Tax-Efficiency Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Redemptions of shares may be effected for cash, rather than in kind, which means that the Fund may need to sell portfolio securities in order to complete an in-cash redemption, and may recognize net gains on these sales. As a result, investments in the shares may be less tax-efficient than investments in ETFs that redeem solely or principally in kind, and the Fund may pay out higher annual capital gain distributions than if the in-kind redemption process was used.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is subject to liquidity risk, which is the risk that the Fund’s investment may be difficult to purchase or sell and that an investment may not be sold or disposed of at an advantageous price or time.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Market Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Any investment involves risk, and there is no assurance that the Fund will achieve its investment objective. Losing money is a risk of investing in the Fund. The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments, and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets, or general investor sentiment. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the Fund’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Regulatory Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is subject to regulatory risk, which is the risk that legislative, regulatory, or tax policies or developments may have an adverse impact on the value of the Fund’s investments and the Fund’s NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Management Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is actively managed. The Adviser’s judgments about a particular security, markets, or investment strategy may prove to be incorrect and may cause the Fund to incur losses. There can be no assurance that the Adviser’s investment techniques and decisions will produce the desired results.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
</rr:RiskNarrativeTextBlock>
<rr:RiskLoseMoney contextRef="S000065159" id="x_53d3a2b2-56ef-47f6-82da-2646dcb93141">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
</rr:RiskLoseMoney>
<rr:RiskNotInsuredDepositoryInstitution contextRef="S000065159" id="x_6e22499a-b7f7-4895-af27-270f917d2562">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
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<rr:BarChartAndPerformanceTableHeading contextRef="S000065159" id="x_202dc86d-b630-4622-8648-ee798a4e4758">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
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<rr:PerformanceNarrativeTextBlock contextRef="S000065159" id="e9195842-92d4-469d-8323-a6e2ed7d5f7a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Performance information for the Fund prior to July 1, 2019 reflects the historical performance of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">USAA Core Short-Term Bond ETF, a series of USAA ETF Trust (the predecessor to the Fund managed by USAA Asset Management Company) (the “Predecessor Fund”). The Fund’s performance has not been restated to reflect any differences in expenses paid by the Predecessor Fund and those paid by the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
</rr:PerformanceNarrativeTextBlock>
<rr:PerformanceInformationIllustratesVariabilityOfReturns contextRef="S000065159" id="x_95c8b18d-9f71-471d-8851-c8ff784bd47a">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
</rr:PerformanceInformationIllustratesVariabilityOfReturns>
<rr:PerformanceAvailabilityWebSiteAddress contextRef="S000065159" id="x_165152e6-a042-43f2-b1f2-edb9fbb6838d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
</rr:PerformanceAvailabilityWebSiteAddress>
<rr:BarChartHeading contextRef="S000065159" id="a8a251fb-e804-4c88-a7d6-8aba243b28eb">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
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<rr:BarChartClosingTextBlock contextRef="S000065159" id="x_3d820c90-2f0e-4530-a47e-36fc6016a1b8">
<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:16.09%;">4.84%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">June 30, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:11.10%;">-2.25%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:16.09%;">1.11%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
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<rr:HighestQuarterlyReturnLabel contextRef="S000065159_C000210928" id="x_0f948849-2d0f-4873-aa64-2bc5ad6caea6">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
</rr:HighestQuarterlyReturnLabel>
<rr:BarChartHighestQuarterlyReturn contextRef="S000065159_C000210928" decimals="4" id="x_0e88d7e4-7c45-47fb-af44-2e82623c0528" unitRef="pure"> 0.0484 </rr:BarChartHighestQuarterlyReturn>
<rr:BarChartHighestQuarterlyReturnDate contextRef="S000065159_C000210928" id="x_6a1f4487-78e4-43c2-9dfc-d17048c6a10d"> 2020-06-30 </rr:BarChartHighestQuarterlyReturnDate>
<rr:LowestQuarterlyReturnLabel contextRef="S000065159_C000210928" id="b9a2b8a9-7ef7-4049-a66b-eeca890327a0">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
</rr:LowestQuarterlyReturnLabel>
<rr:BarChartLowestQuarterlyReturn contextRef="S000065159_C000210928" decimals="4" id="x_3cf0821a-3d24-4fac-967e-342e10ad171e" unitRef="pure"> -0.0225 </rr:BarChartLowestQuarterlyReturn>
<rr:BarChartLowestQuarterlyReturnDate contextRef="S000065159_C000210928" id="x_8ad32c5e-a9e7-4c6a-af2f-2ce96249a549"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
<rr:YearToDateReturnLabel contextRef="S000065159_C000210928" id="c602a492-673e-4a39-816f-16affcd7b7f6">
<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
</rr:YearToDateReturnLabel>
<rr:BarChartYearToDateReturn contextRef="S000065159_C000210928" decimals="4" id="x_780d895f-d2c9-4ff3-b319-7387cad2da23" unitRef="pure"> 0.0111 </rr:BarChartYearToDateReturn>
<rr:BarChartYearToDateReturnDate contextRef="S000065159_C000210928" id="x_6dcc7c98-80f5-4654-a1a5-ba7e1381848a"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
<rr:PerformanceTableNarrativeTextBlock contextRef="S000065159" id="x_2d765625-815c-4f40-bcf0-705d749ca26f">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNarrativeTextBlock>
<rr:PerformanceTableUsesHighestFederalRate contextRef="S000065159" id="x_8e35f743-724d-4db1-af18-abc4aad13315">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
</rr:PerformanceTableUsesHighestFederalRate>
<rr:PerformanceTableNotRelevantToTaxDeferred contextRef="S000065159" id="a81ab7b4-b3c3-45a1-ad2b-d943b2d3754d">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
</rr:PerformanceTableNotRelevantToTaxDeferred>
<rr:RiskReturnHeading contextRef="S000065160" id="x_49872a5a-5d08-4b25-be9e-d3111127d154">
<span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;margin-left:0%;">VictoryShares USAA Core </span><span style="color:#000000;font-family:Arial;font-size:20.50pt;font-weight:bold;">Intermediate-Term Bond ETF Summary</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Objective</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The </span><span style="font-family:Times New Roman;font-size:10pt;">VictoryShares USAA Core Intermediate-Term Bond ETF (the “Fund”) seeks high current income without undue risk to principal.</span>
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<rr:ExpenseHeading contextRef="S000065160" id="x_405e460c-c0dd-4b09-ab4d-d11cdf734322">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Fund Fees and Expenses</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Fund. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
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<rr:ShareholderFeeOther contextRef="S000065160_C000210929" decimals="INF" id="x_929c254b-c1dd-4f18-bdf0-981a94c2798f" unitRef="USD"> 0 </rr:ShareholderFeeOther>
<rr:OperatingExpensesCaption contextRef="S000065160" id="cf3bfa64-58e7-47cb-ab4e-51448defc696">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0.62%;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Arial;font-size:6.56pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
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<rr:ManagementFeesOverAssets contextRef="S000065160_C000210929" decimals="4" id="ac500641-0a0f-4b38-894a-9d0c056e24ed" unitRef="pure"> 0.0030 </rr:ManagementFeesOverAssets>
<rr:OtherExpensesOverAssets contextRef="S000065160_C000210929" decimals="4" id="fd8eb7e9-cc0e-4e2e-9f48-f9fd903e79b0" unitRef="pure"> 0.0011 </rr:OtherExpensesOverAssets>
<rr:ExpensesOverAssets contextRef="S000065160_C000210929" decimals="4" id="x_513ecad7-360e-4e58-9ec9-d440016a749a" unitRef="pure"> 0.0041 </rr:ExpensesOverAssets>
<rr:FeeWaiverOrReimbursementOverAssets contextRef="S000065160_C000210929" decimals="4" id="aa1380ed-590d-4716-a13f-d4ea978af5a7" unitRef="pure"> -0.0001 </rr:FeeWaiverOrReimbursementOverAssets>
<rr:NetExpensesOverAssets contextRef="S000065160_C000210929" decimals="4" id="d4b46c53-e571-409e-ba71-afbc08c3ebd9" unitRef="pure"> 0.0040 </rr:NetExpensesOverAssets>
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<span style="font-family:Arial;font-size:6.56pt;">October 31, </span><span style="font-family:Arial;font-size:6.56pt;">2022</span>
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<rr:ExpenseExampleHeading contextRef="S000065160" id="x_278e437a-4350-430f-b0e9-762cd4d72b11">
<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Example:</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">This Example is intended to help you compare the cost of investing in the Fund with the cost of </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">investing in other funds. The example assumes that (1) you invest $10,000 in the Fund for the time periods indicated and then sell or continue to hold all of your shares at the end of the period, (2) your investment has a 5% return each year, and (3) the Fund’s operating expenses remain the same. The amounts shown reflect any fee waiver/expense reimbursement in place through its expiration date. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</span>
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<rr:ExpenseExampleYear01 contextRef="S000065160_C000210929" decimals="INF" id="x_27a1a68e-cdf3-4e8c-8940-cd113e27a713" unitRef="USD"> 41 </rr:ExpenseExampleYear01>
<rr:ExpenseExampleYear03 contextRef="S000065160_C000210929" decimals="INF" id="c4b63a8b-870f-4014-9d92-cddfdd4d91e6" unitRef="USD"> 131 </rr:ExpenseExampleYear03>
<rr:ExpenseExampleYear05 contextRef="S000065160_C000210929" decimals="INF" id="x_6b1c6c65-c012-4d7b-bc76-90f7901408de" unitRef="USD"> 229 </rr:ExpenseExampleYear05>
<rr:ExpenseExampleYear10 contextRef="S000065160_C000210929" decimals="INF" id="a074bd57-b5c8-472b-9808-1e9fc5a50e5f" unitRef="USD"> 517 </rr:ExpenseExampleYear10>
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<span style="color:#000000;font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Portfolio Turnover:</span>
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<rr:PortfolioTurnoverTextBlock contextRef="S000065160" id="x_1e0cddaf-4b6c-4624-8cf7-01d3487023f6">
<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns </span><span style="font-family:Times New Roman;font-size:10pt;">over” its portfolio). A higher portfolio turnover will generally indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal period, the Fund’s portfolio turnover rate was </span><span style="font-family:Times New Roman;font-size:10pt;">16</span><span style="font-family:Times New Roman;font-size:10pt;">% of the average value of its portfolio.</span>
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<rr:PortfolioTurnoverRate contextRef="S000065160" decimals="4" id="x_493151f8-fd83-4e08-9a4b-c0f8e836b72a" unitRef="pure"> 0.16 </rr:PortfolioTurnoverRate>
<rr:StrategyHeading contextRef="S000065160" id="a21b5b22-93ea-4193-acb9-b5f18ba94de0">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Investment Strategies</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">Under normal circumstances, the Fund invests at least 80% of its assets in debt securities and in </span><span style="font-family:Times New Roman;font-size:10pt;">derivatives and other instruments that have economic characteristics similar to such securities. The Fund primarily invests in securities that have a dollar-weighted average portfolio maturity of three to ten years. The debt securities in which the Fund typically invests include a mix of government obligations (including U.S., state, and local governments, their agencies and instrumentalities); mortgage- and asset-backed securities (including collateralized debt obligations and collateralized mortgage obligations); corporate debt securities; and other securities believed to have debt-like characteristics. The Fund will invest at least 35% of its net assets in government obligations under normal circumstances. The Fund will invest primarily in investment- grade securities, but may invest up to 5% of its net assets in below-investment-grade securities, which sometimes are referred to as high-yield securities or “junk” bonds.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund may invest up to 20% of its net assets in foreign debt securities, including non-U.S. dollar- </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">denominated securities and securities of companies in emerging market countries (i.e., those that are in the early stages of their industrial cycles). The Fund also may invest in securities not considered foreign securities that carry foreign credit exposure.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund may use futures, including U.S. Treasury futures, to manage duration, increase or decrease </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">its exposure to changing security prices or other factors that affect security values, enhance income, hedge against certain risks, or keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to a market.</span>
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<rr:RiskHeading contextRef="S000065160" id="x_9c0034b7-1578-486e-bf99-dd34529f6ad9">
<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Principal Risks of Investing in the Fund</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The Fund’s investments are subject to the following principal risks:</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Debt Securities or Bond Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — The Fund is subject to the risk that the market value of the bonds in the Fund’s portfolio will fluctuate because of changes in interest rates, changes in the supply of and demand for debt securities, and other market factors. Bond prices generally are linked to the prevailing market interest rates. In general, when interest rates rise, bond prices typically fall; conversely, when interest rates fall, bond prices typically rise. The price volatility of a bond also depends on its duration, which is a measure of a bond’s sensitivity to a change in interest rates. Generally, the longer the duration of a bond, the greater is its sensitivity to interest rates. To compensate investors for this higher interest rate risk, bonds with longer durations generally offer higher yields than bonds with shorter durations. The Fund faces a heightened level of interest rate risk under current conditions because interest rates are at near historically low levels. Should the U.S. Federal Reserve raise interest rates, the Fund may be subject to risks associated with rising interest rates. The fixed-income securities in the Fund’s portfolio also are subject to credit risk, which is the possibility that an issuer of a fixed-income security cannot make timely interest and principal payments on its securities or that negative market perceptions of the issuer’s ability to make such payments will cause the price of that security to decline. The Fund accepts some credit risk as a recognized means to enhance an investor’s return.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">High-Yield Bond Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Fixed-income securities rated below investment grade, also known as “junk” or high-yield bonds, generally entail greater credit and liquidity risk than investment-grade securities. Their prices also may be more volatile, especially during economic downturns and financial setbacks or liquidity events. The Fund’s value could be hurt by price declines due to actual or perceived changes in an issuer’s ability to make such payments. These securities are considered by the major rating agencies to be predominantly speculative with respect to the issuer’s continuing ability to pay principal and interest, and they carry a greater risk that the issuer of such securities will default on the timely payment of principal and interest. Issuers of securities that are in default or have defaulted may fail to resume principal or interest payments, in which case the Fund may lose its entire </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">investment. The creditworthiness of issuers of these securities may be more complex to analyze than </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">that of issuers of investment-grade debt securities, and the overreliance on credit ratings may present additional risks.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Asset-Backed and Mortgage-Backed Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Mortgage- and asset-backed securities (“MBS” or “ABS,” respectively) differ from conventional debt securities because principal is paid back over the life of the security rather than at maturity. MBS and ABS are subject to prepayment or call risk, which is the risk that a borrower’s payments may be received earlier than expected due to changes in prepayment rates on underlying loans. As a result, the Fund may reinvest these early payments at lower interest rates, thereby reducing the Fund’s income. These securities also are subject to extension risk, which is the risk that the life of the ABS or MBS may be extended due to higher interest rates and lower prepayments. As a result, the value of the securities will decrease. The value of MBS can be impacted by factors affecting the housing market, and MBS also are subject to the risk of high default rates on the mortgages within the mortgage pool. The liquidity of non-agency or privately issued ABS or MBS securities, in particular those that are rated as non-investment grade, may change dramatically over time.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">U.S. Government Sponsored Enterprises (“GSEs”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Securities issued by certain GSEs, such as MBS issued by the Government National Mortgage Association (“Ginnie Mae”), are backed by the full faith and credit of the U.S. government. Securities issued by other GSEs, such as Federal Home Loan Mortgage Corporation (“Freddie Mac”) and the Federal National Mortgage Association (“Fannie Mae”), are neither issued nor guaranteed by the U.S. Treasury. Rather, they are supported by the credit of the issuing agency, instrumentality or corporation. However, these securities typically have indirect support from the U.S. government through an ability to borrow from the U.S. Treasury, and the U.S. government is authorized to purchase the GSE’s obligations. If a GSE defaults on its obligations, the Fund might not be able to recover its investment.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Foreign Securities Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information, and less economic, political, and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs), and other government restrictions by the United States or other governments; or problems in share registration, settlement, or custody also may result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Derivatives Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Derivatives, including futures contracts, may involve risks different from, or greater than, those associated with more traditional investments. In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage, and liquidity risks. Derivatives may create leverage and expose the Fund to additional levels of risk, including greater losses from investments and increased volatility, than would otherwise have been the case had the Fund not engaged in the activities that created the leverage. As a result of investing in derivatives, the Fund could lose more than the amount it invests. Derivatives may be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. Derivatives also may be subject to counterparty risk, which includes the risk that the Fund may sustain a loss as a result of the insolvency or bankruptcy of, or other non-compliance by, the other party to the transaction.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Exchange-Traded Fund (“ETF”) Structure Risk </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">— The Fund is structured as an ETF and as a result is subject to special risks, including:</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Not Individually Redeemable</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund’s shares are not individually redeemable and may be redeemed by the Fund at its net asset value per share (“NAV”) only in large blocks known as Creation Units. You may incur brokerage costs purchasing enough shares to constitute a Creation Unit. Alternatively, you may redeem your shares by selling them on the secondary market at prevailing market prices.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Trading Issues</span><span style="font-family:Times New Roman;font-size:10pt;"> — Trading in shares on the exchange operated by NYSE Arca, Inc. (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable, such as extraordinary market volatility. There can be no assurance that shares will continue to meet the listing requirements of the Exchange. There is no guarantee that an active secondary market will develop for the shares. In stressed market conditions, authorized participants may be unwilling to participate in the creation/redemption process, particularly if the market for shares becomes less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings, which may lead to differences between the market price of the shares and the underlying value of those shares.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Market Price Variance Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The market prices of shares will fluctuate in response to changes in NAV and supply and demand for shares and will include a bid-ask spread charged by the exchange specialists, market makers or other participants that trade the particular security. There may be times when the market price and the NAV vary significantly, particularly in times of market stress. This means that shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">International Closed Market Trading Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — Many of the Fund’s underlying securities trade on foreign exchanges that are closed when the Exchange is open; consequently, events may transpire while such foreign exchanges are closed but the Exchange is open that may change the value of such underlying securities relative to their last quoted prices on such foreign exchanges.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Authorized Participants Concentration Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — A limited number of financial institutions may be responsible for all or a significant portion of the creation and redemption activity for the Fund. If these firms exit the business or are unable or unwilling to process creation and/or redemption orders, shares may trade at a premium or discount to NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Intraday Indicative Value (“IIV”) Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Exchange intends to disseminate the approximate per share value of the Fund’s published basket of securities (“Deposit Securities”) every 15 seconds (the “intraday indicative value” or “IIV”). The IIV is not a real-time update of the NAV per share of the Fund because the IIV may not be calculated in the same manner as the NAV. For example, the calculation of the NAV may be subject to fair valuation at different prices than those used in the calculations of the IIV and, unlike the calculation of NAV, the IIV does not take into account Fund expenses. The IIV calculations are based on local market prices and may not reflect events that occur subsequent to the local market’s close which could affect premiums and discounts between the IIV and the market price of the shares. In addition, the IIV is based on the published Deposit Securities and not on the Fund’s actual holdings.</span><span style="font-family:Times New Roman;font-size:5pt;position:relative;top:-1pt;"></span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Tax-Efficiency Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Redemptions of shares may be effected for cash, rather than in kind, which means that the Fund may need to sell portfolio securities in order to complete an in-cash redemption, and may recognize net gains on these sales. As a result, investments in the shares may be less tax-efficient than investments in ETFs that redeem solely or principally in kind, and the Fund may pay out higher annual capital gain distributions than if the in-kind redemption process was used.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Large Shareholder Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Certain large shareholders, including other funds advised by the Adviser, may from time to time own a substantial amount of the Fund’s shares. The actions by one shareholder or multiple shareholders may have an impact on the Fund and, therefore, indirectly on other shareholders. Shareholder purchase and redemption activity may affect the per share amount of the </span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">Fund</span><span style="font-family:Times New Roman;font-size:10pt;">’s distributions of its net investment income and net realized capital gains, if any, thereby affecting the tax burden on the Fund’s shareholders subject to federal income tax. To the extent a larger shareholder (including, for example, an affiliated fund that operates as a fund-of-funds or 529 college savings plan) is permitted to invest in the Fund, the Fund may experience large inflows or outflows of cash from time to time. This activity could magnify these adverse effects on the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Liquidity Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is subject to liquidity risk, which is the risk that the Fund’s investment may be difficult to purchase or sell and that an investment may not be sold or disposed of at an advantageous price or time.</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Market Risk</span><span style="font-family:Times New Roman;font-size:10pt;"> — Any investment involves risk, and there is no assurance that the Fund will achieve its investment objective. Losing money is a risk of investing in the Fund. The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments, and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets, or general investor sentiment. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Regulatory Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is subject to regulatory risk, which is the risk that legislative, regulatory, or tax policies or developments may have an adverse impact on the value of the Fund’s investments and the Fund’s NAV.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0%;">Management Risk</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> — The Fund is actively managed. The Adviser’s judgments about a particular security, markets, or investment strategy may prove to be incorrect and may cause the Fund to incur losses. There can be no assurance that the Adviser’s investment techniques and decisions will produce the desired results.</span><span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span><span style="font-family:Times New Roman;font-size:10pt;"> There is no guarantee that the Fund will achieve its objective. </span><span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">By itself, the Fund does not constitute a complete investment plan and should be considered a </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">long-term investment for investors who can afford to weather changes in the value of their investment.</span>
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<span style="font-family:Times New Roman;font-size:10pt;margin-left:0%;">You may lose money by investing in the Fund.</span>
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<rr:RiskNotInsuredDepositoryInstitution contextRef="S000065160" id="x_45ca57f0-3956-4e76-8746-94fb18f4c3ba">
<span style="font-family:Times New Roman;font-size:10pt;">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the </span><span style="font-family:Times New Roman;font-size:10pt;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
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<span style="color:#000000;font-family:Arial;font-size:13.12pt;font-weight:bold;margin-left:0%;">Investment Performance</span>
</rr:BarChartAndPerformanceTableHeading>
<rr:PerformanceNarrativeTextBlock contextRef="S000065160" id="x_1941541f-8921-4f3f-aaa6-57c10b80c873">
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> The bar chart shows you how the Fund’s calendar year performance has varied over the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns over the same period to one or more broad measures of market performance. We assume reinvestment of dividends and distributions.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Performance information for the Fund prior to July 1, 2019 reflects the historical performance of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">USAA Core Intermediate-Term Bond ETF, a series of USAA ETF Trust (the predecessor to the Fund managed by USAA Asset Management Company) (the “Predecessor Fund”). The Fund’s performance has not been restated to reflect any differences in expenses paid by the Predecessor Fund and those paid by the Fund.</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Updated performance information is available on the Fund’s website at </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">.</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table that follow are intended to help you understand some of the risks of investing </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">in the Fund.</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">VictorySharesLiterature.com</span>
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<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;margin-left:0%;">Calendar Year Returns</span>
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<span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">During the periods shown in the chart:</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Returns</span><span style="font-family:Arial;font-size:8.20pt;font-weight:bold;padding-left:0.0%;">Quarter ended</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:16.09%;">6.44%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">June 30, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span><span style="font-family:Arial;font-size:8.20pt;padding-left:11.10%;">-1.73%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">March 31, 2020</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span><span style="font-family:Arial;font-size:8.20pt;padding-left:11.10%;">-0.67%</span><span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">September 30, 2021</span>
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<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Highest Quarter</span>
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<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Lowest Quarter</span>
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<rr:BarChartLowestQuarterlyReturnDate contextRef="S000065160_C000210929" id="e41300b1-1603-4235-9e63-33e4c67537a8"> 2020-03-31 </rr:BarChartLowestQuarterlyReturnDate>
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<span style="font-family:Arial;font-size:8.20pt;padding-left:0.0%;">Year-to-date return</span>
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<rr:BarChartYearToDateReturnDate contextRef="S000065160_C000210929" id="x_626fbc32-4e4e-46b1-8ac9-690e11442e4d"> 2021-09-30 </rr:BarChartYearToDateReturnDate>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Actual after-tax returns depend on your tax situation and </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">may differ from those shown. </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">After-tax returns use the historical highest individual federal marginal income tax rates and do not </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">reflect the effect of state and local taxes. </span>
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<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">After-tax returns shown are not relevant if you own your Fund shares </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.40%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 24, 2017.</xhtml:span>
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<link:footnote id="x_0000ce_503986a5-b4e0-4188-b931-15a6033dead3" xlink:label="x_0000ce_503986a5-b4e0-4188-b931-15a6033dead3" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> 31, 2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.18%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is July 2, 2014.</xhtml:span>
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<link:footnote id="x_000069_44f810f0-1986-47a3-a58a-29ad4f95216a" xlink:label="x_000069_44f810f0-1986-47a3-a58a-29ad4f95216a" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.45%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is August 20, 2015.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is July 8, 2015.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.45%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is August 20, 2015.</xhtml:span>
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<link:footnote id="x_00006e_5e706924-b78c-4b52-8598-e2be011ba674" xlink:label="x_00006e_5e706924-b78c-4b52-8598-e2be011ba674" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.50%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 25, 2017.</xhtml:span>
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<link:footnote id="x_000067_83e22f0f-55de-454b-9b61-fc036016b4f0" xlink:label="x_000067_83e22f0f-55de-454b-9b61-fc036016b4f0" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is July 2, 2014.</xhtml:span>
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<link:footnote id="x_00006u_5b34df62-482e-461a-9647-f368f366056f" xlink:label="x_00006u_5b34df62-482e-461a-9647-f368f366056f" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.25%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<link:footnote id="x_00007k_5b34df62-482e-461a-9647-f368f366056f" xlink:label="x_00007k_5b34df62-482e-461a-9647-f368f366056f" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 24, 2017.</xhtml:span>
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<link:footnote id="x_00006s_aee4b172-a970-4a56-86ae-e9d00556cc53" xlink:label="x_00006s_aee4b172-a970-4a56-86ae-e9d00556cc53" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.20%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 24, 2017.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is June 22, 2017.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.45%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 1, 2014.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is July 8, 2015.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<link:footnote id="x_00007h_f1f18c32-0c03-4da2-8383-1c183e7d8497" xlink:label="x_00007h_f1f18c32-0c03-4da2-8383-1c183e7d8497" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 24, 2017.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is August 1, 2014.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is April 18, 2017.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.45%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 24, 2017.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is October 24, 2017.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is July 8, 2015.</xhtml:span>
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<xhtml:span style="font-family:Arial;font-size:6.56pt;">Victory Capital Management Inc., the Fund’s investment adviser, (“Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses through at least </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">October 31, </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">2022</xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;"> so that the total annual fund operating expenses after fee waiver and </xhtml:span><xhtml:span style="font-family:Arial;font-size:6.56pt;">expense reimbursement (excluding certain items such as interest, taxes and brokerage commissions) do not exceed 0.35%. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed by it for up to three years after the date of the waiver or reimbursement, subject to the lesser of any operating expense limits in effect at the time of (a) the original waiver or expense reimbursement; or (b) the recoupment, after giving effect to the recoupment amount. This agreement may only be terminated by the Fund’s Board of Trustees.</xhtml:span>
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<xhtml:span style="color:#000000;font-family:Arial;font-size:6.56pt;">Inception date is July 2, 2014.</xhtml:span>
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15 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/01/24  Victory Portfolios II             485APOS                2:1.4M                                   Donn… Fin’l/ArcFiling/FA
 4/01/24  Victory Portfolios II             485APOS                4:2.2M                                   Donn… Fin’l/ArcFiling/FA
12/15/23  Victory Portfolios II             485BPOS    12/15/23   17:3.1M                                   Donn… Fin’l/ArcFiling/FA
10/26/23  Victory Portfolios II             485BPOS    11/01/23   39:28M                                    Donn… Fin’l/ArcFiling/FA
10/24/23  Victory Portfolios II             485BPOS    11/01/23   22:7M                                     Donn… Fin’l/ArcFiling/FA
 9/01/23  Victory Portfolios II             485APOS                1:3.4M                                   Donn… Fin’l/ArcFiling/FA
 6/16/23  Victory Portfolios II             485BPOS     6/20/23   25:3.4M                                   Donn… Fin’l/ArcFiling/FA
 4/06/23  Victory Portfolios II             485APOS                1:1.3M                                   Donn… Fin’l/ArcFiling/FA
 4/06/23  Victory Portfolios II             485APOS                3:1.4M                                   Donn… Fin’l/ArcFiling/FA
10/28/22  Victory Portfolios II             485BPOS    11/01/22   38:19M                                    Donn… Fin’l/ArcFiling/FA
10/26/22  Victory Portfolios II             485BPOS    11/01/22   20:6.2M                                   Donn… Fin’l/ArcFiling/FA
10/06/22  Victory Portfolios II             485BPOS    10/10/22   27:3.1M                                   Donn… Fin’l/ArcFiling/FA
 8/30/22  Victory Portfolios II             485APOS                3:3.4M                                   Donn… Fin’l/ArcFiling/FA
 7/26/22  Victory Portfolios II             485APOS                3:2.6M                                   Donn… Fin’l/ArcFiling/FA
10/27/21  Victory Portfolios II             485BPOS©   11/01/21   38:6.4M                                   Donn… Fin’l/ArcFiling/FA


26 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/03/21  Victory Portfolios II             N-CSR       6/30/21    4:22M                                    Toppan Merrill/FA
 7/16/21  Victory Portfolios II             485APOS               21:5.1M                                   Donn… Fin’l/ArcFiling/FA
 4/29/21  Victory Portfolios                485BPOS     5/01/21  221:47M                                    Donn… Fin’l/ArcFiling/FA
 9/02/20  Victory Portfolios II             485BPOS     9/02/20   11:1.8M                                   Toppan Merrill/FA
 6/10/20  Victory Portfolios II             485BPOS     6/10/20   11:1.3M                                   Toppan Merrill/FA
10/25/19  Victory Portfolios                485BPOS    11/01/19   10:5.6M                                   Toppan Merrill/FA
 4/16/19  Victory Variable Insurance Funds  485BPOS     4/16/19   13:1.6M                                   Toppan Merrill/FA
 4/05/19  Victory Portfolios II             485BPOS     4/08/19   13:3M                                     Toppan Merrill/FA
10/25/18  Victory Portfolios II             485BPOS    11/01/18   14:2.8M                                   Toppan Merrill/FA
 4/30/18  Victory Portfolios                485BPOS     5/01/18    8:7M                                     Toppan Merrill/FA
 4/17/18  Victory Variable Insurance Funds  485BPOS     4/17/18   14:1.4M                                   Toppan Merrill/FA
10/27/17  Victory Portfolios II             485BPOS    11/01/17    9:2.7M                                   Toppan Merrill/FA
 4/10/17  Victory Portfolios II             485BPOS     4/10/17    4:1.5M                                   Toppan Merrill/FA
 3/31/17  Victory Portfolios II             485BXT                14:1.5M                                   Toppan Merrill/FA
 2/28/17  Victory Portfolios                485BPOS     2/28/17   20:6.5M                                   Toppan Merrill/FA
 1/18/17  Victory Portfolios II             485APOS¶               4:1.7M                                   Toppan Merrill/FA
10/27/16  Victory Portfolios II             485BPOS    11/01/16    8:2.9M                                   Toppan Merrill/FA
10/28/15  Victory Portfolios II             485BPOS    10/28/15   16:12M                                    Toppan Merrill/FA
10/27/15  Victory Portfolios II             485BPOS    10/28/15    6:3.2M                                   Toppan Merrill/FA
 9/25/15  Victory Portfolios II             485BPOS     9/25/15    6:1.4M                                   Toppan Merrill/FA
 7/07/15  Victory Portfolios II             485BPOS7/07/15   12:1.9M                                   Toppan Merrill/FA
 6/26/15  Victory Portfolios II             485BXT                11:1.3M                                   Toppan Merrill/FA
 6/27/14  Victory Portfolios II             485BPOS6/27/14   17:3.2M                                   US Bancorp Fund Svcs LLC
 3/29/13  Victory Portfolios II             485BPOS     3/29/13   11:4.4M                                   Gemini Fund Svcs, LLC.
 9/05/12  Victory Portfolios II             N-1A/A¶               19:2.5M                                   Gemini Fund Svcs, LLC.
 5/04/12  Victory Portfolios II             N-1A¶                  7:1.7M                                   Gemini Fund Svcs, LLC.
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Filing Submission 0001683863-21-006108   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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