# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041258
**Filing Date:** 2023-2
**Character Count:** 17672
**Document Hash:** 9c6328697c300715804eed044c3fac4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041258.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041258

**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:** 23671057

**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 Small Cap Equity Fund (Series ID: S000053580)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168404 | Class A      | GPSCX           |
| C000168405 | Class C      | RSCCX           |
| C000168406 | Class R      | RSCKX           |
| C000168407 | Class Y      | RSCYX           |
| C000219870 | Member Class | RSMMX           |

## 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 Small Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000053580

- **c. LEI of Series:** 549300ULNMK0GDSL2C51

**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:** $39262975.28

**Total Liabilities:** $707787.57

**Net Assets:** $38555187.71

**Cash Not Reported:** $1275754.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168404 | 8.39%                | -1.09%               | -7.79%               |
| Class ID C000168405 | 8.33%                | -1.19%               | -7.86%               |
| Class ID C000219870 | 8.24%                | -1.09%               | -7.66%               |
| Class ID C000168407 | 8.31%                | -1.04%               | -7.72%               |
| Class ID C000168406 | 8.26%                | -1.21%               | -7.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-843959.39              | $4275465.37                                |
| Month 2  | $-89827.29               | $-390390.91                                |
| Month 3  | $-1750448.00             | $-1481648.22                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Inspire Medical Systems Inc                    | INSPIRE MEDICAL SYSTEM INC      | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |      3840 | NS      | $967219.20    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE, INC.                          | AXON ENTERPRISE INC             | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2230 | NS      | $370023.90    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES, INC.                         | CHART INDUSTRIES INC            | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     12960 | NS      | $1493380.80   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DENBURY INC.                                   | DENBURY INC                     | CUSIP: 24790A101<br>LEI: 549300KCWA5W52MS5559 | Long             | EC               | CORP              | US        |     22130 | NS      | $1925752.60   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUPANION, INC.                                | TRUPANION INC                   | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     30680 | NS      | $1458220.40   | 3.78%             |  |  |  | No            |                  1 | On Loan: —       |
| RALPH LAUREN CORPORATION                       | RALPH LAUREN CORP               | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      7330 | NS      | $774561.10    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                            | PAYONEER GLOBAL INC             | CUSIP: 70451X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    302570 | NS      | $1655057.90   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                      | AGIOS PHARMACEUTICALS INC       | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     14180 | NS      | $398174.40    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ, INC.                                     | CBIZ INC                        | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     23710 | NS      | $1110813.50   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                              | SPROUT SOCIAL INC               | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15660 | NS      | $884163.60    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST           | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    160828 | NS      | $160828.36    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOCRYST PHARMACEUTICALS, INC.                 | BIOCRYST PHARMACEUTICALS INC    | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |     45890 | NS      | $526817.20    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Intra-Cellular Therapies Inc                   | INTRA CELLULAR THERAPIES INC    | CUSIP: 46116X101<br>LEI: 5299002U2KGF193IJA20 | Long             | EC               | CORP              | US        |      5900 | NS      | $312228.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONIC INC.                                  | HARMONIC INC                    | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     85280 | NS      | $1117168.00   | 2.90%             |  |  |  | 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        |    160828 | NS      | $160828.37    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| APELLIS PHARMACEUTICALS, INC.                  | APELLIS PHARMACEUTICALS INC     | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |      6410 | NS      | $331461.10    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPINJ, INC.                                   | IMPINJ INC                      | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     10060 | NS      | $1098350.80   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLENT HEALTH, INC.                           | EVOLENT HEALTH INC              | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |     15130 | NS      | $424850.40    | 1.10%             |  |  |  | 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        |    160828 | NS      | $160828.36    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                         | PAYMENTUS HOLDINGS INC          | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111910 | NS      | $896399.10    | 2.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Shift4 Payments Inc                            | SHIFT4 PAYMENTS INC CLASS A     | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40080 | NS      | $2241674.40   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.      | MACOM TECHNOLOGY SOLUTIONS HOL  | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23690 | NS      | $1491996.20   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                    | HALOZYME THERAPEUTICS INC       | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     11760 | NS      | $669144.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BELLRING BRANDS, INC.                          | BELLRING BRANDS INC             | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     40250 | NS      | $1032010.00   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOR HCM, INC.                               | PAYCOR HCM INC                  | CUSIP: 70435P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42080 | NS      | $1029697.60   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA GROUP, INC.                                | PRA GROUP INC                   | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     43660 | NS      | $1474834.80   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORPORATION                       | BLOOM ENERGY CORP               | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     51560 | NS      | $985827.20    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corp                                   | FLYWIRE CORP                    | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |     76920 | NS      | $1882232.40   | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERESCO, INC.                                 | AMERESCO INC                    | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |      9030 | NS      | $515974.20    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Marqeta Inc                                    | MARQETA INC                     | CUSIP: 57142B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31150 | NS      | $190326.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Oncology Inc                              | KURA ONCOLOGY INC               | CUSIP: 50127T109<br>LEI: 5493005QORQTZCZYOP39 | Long             | EC               | CORP              | US        |     43410 | NS      | $538718.10    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARGEPOINT HOLDINGS, INC.                     | CHARGEPOINT HOLDINGS INC        | CUSIP: 15961R105<br>LEI: 254900DVN9TAC2GIPG25 | Long             | EC               | CORP              | US        |     35030 | NS      | $333835.90    | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| GROCERY OUTLET HOLDING CORP.                   | GROCERY OUTLET HOLDING CORP     | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50490 | NS      | $1473803.10   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYA HOLDINGS INC.                             | PAYA HOLDINGS INC               | CUSIP: 70434P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109180 | NS      | $859246.60    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Replimune Group Inc                            | REPLIMUNE GROUP INC             | CUSIP: 76029N106<br>LEI: 549300AY704NEIRC4K64 | Long             | EC               | CORP              | US        |     22040 | NS      | $599488.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOQUA WATER TECHNOLOGIES CORP.                | EVOQUA WATER TECHNOLOGIES CORP  | CUSIP: 30057T105<br>LEI: 529900YQAOMEZRGRRP43 | Long             | EC               | CORP              | US        |     59470 | NS      | $2355012.00   | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVENT CORPORATION                             | LIVENT CORP                     | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | EC               | CORP              | US        |     47760 | NS      | $948991.20    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUSHNET HOLDINGS CORP.                        | ACUSHNET HOLDINGS CORP          | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     11090 | NS      | $470881.40    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                  | SHOALS TECHNOLOGIES GROUP INC   | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47370 | NS      | $1168617.90   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST        | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    160828 | NS      | $160828.36    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGI INTERNATIONAL INC.                        | DIGI INTERNATIONAL INCORPORATED | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     30340 | NS      | $1108927.00   | 2.88%             |  |  |  | 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