# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041266
**Filing Date:** 2023-2
**Character Count:** 36285
**Document Hash:** 7ff124efb0cdf886a5fae57de0592f39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041266.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041266

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716
- **IRS NUMBER:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 23671065

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory RS Science and Technology Fund (Series ID: S000053582)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168412 | Class A      | RSIFX           |
| C000168413 | Class C      | RINCX           |
| C000168414 | Class R      | RIFKX           |
| C000168415 | Class Y      | RIFYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

  - **Telephone number:** 800-539-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Victory RS Science & Technology Fund

- **b. EDGAR series identifier (if any):** S000053582

- **c. LEI of Series:** 549300YNZR8S7NDWVW17

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $166270552.03

**Total Liabilities:** $2082497.20

**Net Assets:** $164188054.83

**Cash Not Reported:** $459945.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168414 | 2.40%                | 4.93%                | -5.90%               |
| Class ID C000168412 | 2.47%                | 4.94%                | -5.83%               |
| Class ID C000168415 | 2.44%                | 4.99%                | -5.81%               |
| Class ID C000168413 | 2.31%                | 4.88%                | -5.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1721388.61             | $8597262.03                                |
| Month 2  | $1770004.63              | $6867676.60                                |
| Month 3  | $-3182426.58             | $-7042148.61                               |

### Schedule of Portfolio Investments

| Name                                           | Title                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Krystal Biotech Inc                            | KRYSTAL BIOTECH INC            | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     19810 | NS      | $1569348.20   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Panacea Acquisition II Corp                    | PANACEA ACQUISITION CORP II    | CUSIP: G6882C106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     95610 | NS      | $964704.90    | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| FibroGen Inc                                   | FIBROGEN INC                   | CUSIP: 31572Q808<br>LEI: 549300Q914ULWWY95822 | Long             | EC               | CORP              | US        |     29940 | NS      | $479638.80    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvation Bio Inc                               | NUVATION BIO INC WTS           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     43670 | NS      | $6310.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                               | AMAZON COM INC                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     58360 | NS      | $4902240.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA, INC.                         | BRIDGEBIO PHARMA INC           | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     47790 | NS      | $364159.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                              | SPROUT SOCIAL INC              | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31420 | NS      | $1773973.20   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONIC INC.                                  | HARMONIC INC                   | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     68090 | NS      | $891979.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE, INC.                          | PAYCOM SOFTWARE INC            | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     11590 | NS      | $3596492.90   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiniksa Pharmaceuticals Ltd                    | KINIKSA PHARMACEUTICALS LTD    | CUSIP: G5269C101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     43640 | NS      | $653727.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                            | SHIFT4 PAYMENTS INC CLASS A    | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26160 | NS      | $1463128.80   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP INC.                                      | SNAP INC                       | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |     96100 | NS      | $860095.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cara Therapeutics Inc                          | CARA THERAPEUTICS INC          | CUSIP: 140755109<br>LEI: 549300COVOY41P0GZ881 | Long             | EC               | CORP              | US        |    106260 | NS      | $1141232.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| RINGCENTRAL, INC.                              | RINGCENTRAL INC CLASS A        | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     27720 | NS      | $981288.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| THERAVANCE BIOPHARMA, INC.                     | THERAVANCE BIOPHARMA INC       | CUSIP: G8807B106<br>LEI: 5493007VTSXP4Z6MIW52 | Long             | EC               | CORP              | KY        |    104880 | NS      | $1176753.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION                           | APPLOVIN CORP                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     45140 | NS      | $475324.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                   | NUVALENT INC                   | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49030 | NS      | $1460113.40   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FATE THERAPEUTICS, INC.                        | FATE THERAPEUTICS INC          | CUSIP: 31189P102<br>LEI: 549300L14Q4UHOODLA90 | Long             | EC               | CORP              | US        |     30110 | NS      | $303809.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VARONIS SYSTEMS, INC.                          | VARONIS SYSTEMS INC            | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    168020 | NS      | $4022398.80   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WIX.COM LTD                                    | WIX COM LTD                    | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     14860 | NS      | $1141693.80   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BANDWIDTH INC.                                 | BANDWIDTH INC                  | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Long             | EC               | CORP              | US        |     35570 | NS      | $816331.50    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPINJ, INC.                                   | IMPINJ INC                     | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     53270 | NS      | $5816018.60   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                  | CRINETICS PHARMACEUTICALS INC  | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     44098 | NS      | $806993.40    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardelyx Inc                                    | ARDELYX INC                    | CUSIP: 039697107<br>LEI: 549300F542QR4SXHCY32 | Long             | EC               | CORP              | US        |    194710 | NS      | $554923.50    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Domo Inc                                       | DOMO INC                       | CUSIP: 257554105<br>LEI: 549300X57AGT5JULJ761 | Long             | EC               | CORP              | US        |     55260 | NS      | $786902.40    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS INC                       | REGULUS THERAPEUTICS INC       | CUSIP: 75915K309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    176848 | NS      | $242281.76    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                             | NVIDIA CORP                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     15470 | NS      | $2260785.80   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| REVANCE THERAPEUTICS, INC.                     | REVANCE THERAPEUTICS INC       | CUSIP: 761330109<br>LEI: 549300N33TFDZHS81H11 | Long             | EC               | CORP              | US        |     20620 | NS      | $380645.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                           | META PLATFORMS INC             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     29340 | NS      | $3530775.60   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                                | DYNATRACE INC                  | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41210 | NS      | $1578343.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PELOTON INTERACTIVE, INC.                      | PELOTON INTERACTIVE INC A      | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |     50030 | NS      | $397238.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.                          | BOOKING HOLDINGS INC           | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       790 | NS      | $1592071.20   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND           | HSBC US GOVT MMKT-I            | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    418005 | NS      | $418005.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                        | MARVELL TECHNOLOGY INC         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48100 | NS      | $1781624.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullinan Oncology Inc                          | CULLINAN ONCOLOGY INC          | CUSIP: 230031106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27770 | NS      | $292973.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                  | DROPBOX INC                    | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |    123270 | NS      | $2758782.60   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION                         | FAIR ISAAC CORP                | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      6230 | NS      | $3729153.40   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOCRYST PHARMACEUTICALS, INC.                 | BIOCRYST PHARMACEUTICALS INC   | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |    132970 | NS      | $1526495.60   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND | GLDMN SCHS FIN SQ GV-FST       | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    418005 | NS      | $418005.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed, Inc.                                | WOLFSPEED INC                  | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |     11110 | NS      | $767034.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC.                                   | GODADDY INC CLASS A            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     37180 | NS      | $2781807.60   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBARELLA INC                                  | AMBARELLA INC                  | CUSIP: G037AX101<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | KY        |     35460 | NS      | $2915875.80   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Relay Therapeutics Inc                         | RELAY THERAPEUTICS INC         | CUSIP: 75943R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29880 | NS      | $446407.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                          | MICROSOFT CORP                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     65820 | NS      | $15784952.40  | 9.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB, INC.                                  | MONGODB INC                    | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      5910 | NS      | $1163324.40   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Backblaze Inc                                  | BACKBLAZE INC A                | CUSIP: 05637B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36080 | NS      | $221892.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| 2U, INC.                                       | 2U INC                         | CUSIP: 90214J101<br>LEI: 5493008RVTXVR43PYF84 | Long             | EC               | CORP              | US        |    152710 | NS      | $957491.70    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SpringWorks Therapeutics Inc                   | SPRINGWORKS THERAPEUTICS INC   | CUSIP: 85205L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51110 | NS      | $1329371.10   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTHEA LIMITED                                 | OPTHEA LTD SPON ADR            | CUSIP: 68386J208<br>LEI: 549300Q5FMFDLP46SF83 | Long             |  | CORP              | AU        |     80050 | NS      | $448280.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS, INCORPORATED                     | CYTOKINETICS INC               | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     32870 | NS      | $1506103.40   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                      | AGIOS PHARMACEUTICALS INC      | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     36840 | NS      | $1034467.20   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Provention Bio Inc                             | PROVENTION BIO INC             | CUSIP: 74374N102<br>LEI: 5493003LM26XAVJKLD34 | Long             | EC               | CORP              | US        |     32700 | NS      | $345639.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXLINEAR, INC.                                | MAXLINEAR INC CLASS A          | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     44870 | NS      | $1523336.50   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION                       | LAM RESEARCH CORP              | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5950 | NS      | $2500785.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG, INC.                                  | DATADOG INC CLASS A            | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     14530 | NS      | $1067955.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Chinook Therapeutics Inc                       | CHINOOK THERAPEUTICS INC       | CUSIP: 16961L106<br>LEI: 549300X0O3003W5QYQ48 | Long             | EC               | CORP              | US        |     57730 | NS      | $1512526.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY    | JAZZ PHARMACEUTICALS PLC       | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |     25760 | NS      | $4103825.60   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.Com Ltd                                 | MONDAY COM LTD                 | CUSIP: M7S64H106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     14790 | NS      | $1804380.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP, INC.                              | MATCH GROUP INC                | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     18286 | NS      | $758686.14    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Prometheus Biosciences Inc                     | PROMETHEUS BIOSCIENCES INC     | CUSIP: 74349U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6080 | NS      | $668800.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                       | REVOLUTION MEDICINES INC       | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     31890 | NS      | $759619.80    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.            | TAKE TWO INTERACTIVE SOFTWARE  | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     19270 | NS      | $2006585.10   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                 | MONOLITHIC POWER SYSTEMS INC   | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      8780 | NS      | $3104695.80   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SAREPTA THERAPEUTICS, INC.                     | SAREPTA THERAPEUTICS INC       | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |     19830 | NS      | $2569571.40   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORPORATION              | LATTICE SEMICONDUCTOR          | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     69420 | NS      | $4503969.60   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| REGULUS THERAPEUTICS WRT                       | REGULUS THERAPEUTICS WRT       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    132637 | NS      | $0.13         | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST          | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    418005 | NS      | $418005.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                     | AGILENT TECHNOLOGIES INC       | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     11430 | NS      | $1710499.50   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MODERNA, INC.                                  | MODERNA INC                    | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     16650 | NS      | $2990673.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC.                                    | TWILIO INC                     | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     20170 | NS      | $987523.20    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Replimune Group Inc                            | REPLIMUNE GROUP INC            | CUSIP: 76029N106<br>LEI: 549300AY704NEIRC4K64 | Long             | EC               | CORP              | US        |     36170 | NS      | $983824.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                               | SERVICENOW INC                 | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      9160 | NS      | $3556553.20   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMICUS THERAPEUTICS, INC.                      | AMICUS THERAPEUTICS INC        | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |    100670 | NS      | $1229180.70   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Equillium Inc                                  | EQUILLIUM INC                  | CUSIP: 29446K106<br>LEI: 549300OC7SSPSNNGHE64 | Long             | EC               | CORP              | US        |    237401 | NS      | $261141.10    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL INC.              | METTLER TOLEDO INTERNATIONAL   | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       610 | NS      | $881724.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc                                     | GITLAB INC                     | CUSIP: 37637K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23880 | NS      | $1085107.20   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| ATHENEX, INC.                                  | ATHENEX INC                    | CUSIP: 04685N103<br>LEI: 5493001V4L0Q5EPPOH52 | Long             | EC               | CORP              | US        |    682424 | NS      | $100657.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinnate Biopharma Inc                          | KINNATE BIOPHARMA INC          | CUSIP: 49705R105<br>LEI: 549300YVIWV7HJ5WHI66 | Long             | EC               | CORP              | US        |     47490 | NS      | $289689.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Inhibrx Inc                                    | INHIBRX INC                    | CUSIP: 45720L107<br>LEI: 549300VBKG2LTV1TLY22 | Long             | EC               | CORP              | US        |     29270 | NS      | $721212.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENEX INC                                    | ATHENEX INC                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |   1346518 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PTC THERAPEUTICS, INC.                         | PTC THERAPEUTICS INC           | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |      7770 | NS      | $296580.90    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                                       | MERUS NV                       | CUSIP: N5749R100<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |     28000 | NS      | $433160.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IGM Biosciences Inc                            | IGM BIOSCIENCES INC            | CUSIP: 449585108<br>LEI: 5493008XCQES2N0VY969 | Long             | EC               | CORP              | US        |     59410 | NS      | $1010564.10   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| VISA INC.                                      | VISA INC CLASS A               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     17680 | NS      | $3673196.80   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                  | NETFLIX INC                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3150 | NS      | $928872.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| APELLIS PHARMACEUTICALS, INC.                  | APELLIS PHARMACEUTICALS INC    | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |     18513 | NS      | $957307.23    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Intra-Cellular Therapies Inc                   | INTRA CELLULAR THERAPIES INC   | CUSIP: 46116X101<br>LEI: 5299002U2KGF193IJA20 | Long             | EC               | CORP              | US        |     17510 | NS      | $926629.20    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                        | APPLIED MATERIALS INC          | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     29310 | NS      | $2854207.80   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                      | ZOOMINFO TECHNOLOGIES INC A    | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64240 | NS      | $1934266.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.      | MACOM TECHNOLOGY SOLUTIONS HOL | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99900 | NS      | $6291702.00   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORPORATION                   | ON SEMICONDUCTOR CORP          | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     18650 | NS      | $1163200.50   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORPORATION                            | SEMTECH CORP                   | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     37940 | NS      | $1088498.60   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                             | VEEVA SYSTEMS INC              | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      8580 | NS      | $1384640.40   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldeyra Therapeutics Inc                       | ALDEYRA THERAPEUTICS INC       | CUSIP: 01438T106<br>LEI: 529900HGKY864E4Y9014 | Long             | EC               | CORP              | US        |    118360 | NS      | $823785.60    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Oncology Inc                              | KURA ONCOLOGY INC              | CUSIP: 50127T109<br>LEI: 5493005QORQTZCZYOP39 | Long             | EC               | CORP              | US        |     73830 | NS      | $916230.30    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                    | VAXCYTE INC                    | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     34220 | NS      | $1640849.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED            | VERTEX PHARAMACEUTICALS INC    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     28150 | NS      | $8129157.00   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SILICON MOTION TECHNOLOGY CORPORATION          | SILICON MOTION TECHNOLOGY CORP | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             |  | CORP              | KY        |     17370 | NS      | $1128876.30   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST       | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    418005 | NS      | $418005.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Victory Portfolios

**Signature:** Allan Shaer

**Name of Signer:** Allan Shaer

**Title:** Treasurer