# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-25-002230
**Filing Date:** 2025-11
**Character Count:** 26427
**Document Hash:** 944dcc62335239c9761c12ee4fe8e67b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002230.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002230

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 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:** 251520314

**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 Select Growth Fund (Series ID: S000053579)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168400 | Class A      | RSDGX           |
| C000168401 | Class C      | RSGFX           |
| C000168403 | Class Y      | RSSYX           |
| C000172970 | Class R6     | RSSRX           |

## 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:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

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

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

- **a. Name of Series:** Victory RS Select Growth Fund

- **b. EDGAR series identifier (if any):** S000053579

- **c. LEI of Series:** 5493003JYMDQO1EKTQ65

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $87142557.20

**Total Liabilities:** $2253214.62

**Net Assets:** $84889342.58

**Cash Not Reported:** $798150.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168401 | 1.40%                | 5.26%                | 0.33%                |
| Class ID C000168400 | 1.37%                | 5.37%                | 0.39%                |
| Class ID C000172970 | 1.41%                | 5.39%                | 0.40%                |
| Class ID C000168403 | 1.39%                | 5.38%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $876249.04               | $412365.14                                 |
| Month 2  | $1951900.50              | $2527889.60                                |
| Month 3  | $688746.32               | $-268275.04                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GUARDANT HEALTH, INC.                          | GUARDANT HEALTH INC                   | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     25730 | NS      | $1607610.40   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS, INC                           | SHIFT4 PAYMENTS INC CLASS A           | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11920 | NS      | $922608.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| FIVE BELOW, INC.                               | FIVE BELOW                            | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     11580 | NS      | $1791426.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WISDOMTREE, INC.                               | WISDOMTREE INC                        | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     83910 | NS      | $1166349.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: —       |
| VERICEL CORPORATION                            | VERICEL CORP                          | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     21220 | NS      | $667793.40    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGAN, INC.                                    | ARGAN INC                             | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      7580 | NS      | $2046979.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.      | MACOM TECHNOLOGY SOLUTIONS HOL        | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12100 | NS      | $1506329.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd             | CREDO TECHNOLOGY GROUP HOLDING LTD    | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     10370 | NS      | $1509975.70   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                                 | DUTCH BROS INC                        | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19200 | NS      | $1004928.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                 | COHERENT CORP                         | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     13910 | NS      | $1498385.20   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc.                                | TECNOGLASS INC                        | CUSIP: G87264100<br>LEI: 529900YRWTPOC2E6IO67 | Long             | EC               | CORP              | KY        |     23875 | NS      | $1597476.25   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVANTA INC.                                   | NOVANTA INC                           | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      5090 | NS      | $509763.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORPORATION                            | SEMTECH CORP                          | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     14160 | NS      | $1011732.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                            | PAYONEER GLOBAL INC                   | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    240920 | NS      | $1457566.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                    | HALOZYME THERAPEUTICS INC             | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     16660 | NS      | $1221844.40   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANET FITNESS, INC.                           | PLANET FITNESS INC                    | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     13680 | NS      | $1419984.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRION TECHNOLOGIES, INC.                      | MIRION TECHNOLOGIES INC               | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     52871 | NS      | $1229779.46   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC.                                    | REDDIT INC                            | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |      4800 | NS      | $1103952.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED INDUSTRIAL TECHNOLOGIES, INC.          | APPLIED INDUSTRIAL TECHNOLOGIES INC   | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      5940 | NS      | $1550637.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                         | CYBERARK SOFTWARE LTD                 | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      4850 | NS      | $2343277.50   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                      | COMFORT SYSTEMS USA INC               | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       890 | NS      | $734410.20    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES, INC.                   | NEUROCRINE BIOSCIENCES INC            | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     13990 | NS      | $1963916.20   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY                      | MATADOR RESOURCES CO                  | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     33130 | NS      | $1488530.90   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHEQUITY, INC.                             | HEALTHEQUITY INC                      | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      9500 | NS      | $900315.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE VITA COCO COMPANY, INC.                    | VITA COCO CO INC THE                  | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     28500 | NS      | $1210395.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORPORATION                 | WINTRUST FINANCIAL CORP               | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     15460 | NS      | $2047522.40   | 2.41%             |  |  |  | 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        |    531428 | NS      | $531427.59    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| APPFOLIO, INC.                                 | APPFOLIO INC                          | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      3750 | NS      | $1033725.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMORIS SERVICES CORPORATION                  | PRIMORIS SERVICES CORP                | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      7210 | NS      | $990149.30    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                                   | TRIMBLE INC                           | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     12830 | NS      | $1047569.50   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd,                             | FTAI AVIATION LTD                     | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     10100 | NS      | $1685286.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYLOCITY HOLDING CORPORATION                  | PAYLOCITY HOLDING CORP                | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      7720 | NS      | $1229564.40   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                           | WAYSTAR HOLDING CORP                  | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45591 | NS      | $1728810.72   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAN HARBORS, INC.                            | CLEAN HARBORS INC                     | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      7310 | NS      | $1697528.20   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFE360, INC.                                  | LIFE360 INC                           | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     11770 | NS      | $1251151.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: —       |
| CHAMPION HOMES, INC                            | CHAMPION HOMES INC                    | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11940 | NS      | $911857.80    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INSMED INCORPORATED                            | INSMED INC                            | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     20150 | NS      | $2901801.50   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WOODWARD, INC.                                 | WOODWARD INC                          | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      5100 | NS      | $1288821.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER WATER PRODUCTS, INC.                   | MUELLER WATER PRODUCTS INC            | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     50160 | NS      | $1280083.20   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                            | ASCENDIS PHARMA A S ADR               | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | DK        |      7200 | NS      | $1431432.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST              | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    531428 | NS      | $531427.59    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc                  | ULTRAGENYX PHARMACEUTICAL INC         | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     23370 | NS      | $702969.60    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                   | DUOLINGO INC                          | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1520 | NS      | $489196.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc                                 | NEXTRACKER INC                        | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17470 | NS      | $1292605.30   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hinge Health Inc                               | HINGE HEALTH INC A                    | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18004 | NS      | $883636.32    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CELSIUS HOLDINGS, INC.                         | CELSIUS HOLDINGS INC                  | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29210 | NS      | $1679282.90   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD.         | CHECK POINT SOFTWARE TECHNOLOGIES     | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     11970 | NS      | $2476712.70   | 2.92%             |  |  |  | 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        |    531428 | NS      | $531427.59    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA, INC.                                 | PENUMBRA INC                          | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      3790 | NS      | $960082.80    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                       | PROCORE TECHNOLOGIES INC              | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     19810 | NS      | $1444545.20   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                                | DYNATRACE INC                         | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     19950 | NS      | $966577.50    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC.                                       | PTC INC                               | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      6310 | NS      | $1281056.20   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.                       | FIRSTCASH HOLDINGS INC                | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11506 | NS      | $1822780.52   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA, INC.                                   | NATERA INC                            | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7820 | NS      | $1258785.40   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIENT CORPORATION                             | AVIENT CORP                           | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     20700 | NS      | $682065.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                 | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    531428 | NS      | $531427.58    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 HOLDINGS, INC.                              | Q2 HOLDINGS INC                       | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     23090 | NS      | $1671485.10   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC.                                  | WINGSTOP INC                          | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      3990 | NS      | $1004203.20   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S WHOLESALE CLUB HOLDINGS, INC.             | BJ S WHOLESALE CLUB HOLDINGS INC      | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     13770 | NS      | $1284052.50   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GLAUKOS CORPORATION                            | GLAUKOS CORP                          | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      7130 | NS      | $581451.50    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BALCHEM CORPORATION                            | BALCHEM CORP                          | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      7170 | NS      | $1075930.20   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP, INC.                    | KINSALE CAPITAL GROUP INC             | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      1020 | NS      | $433765.20    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| OLLIE'S BARGAIN OUTLET HOLDINGS, INC.          | OLLIE S BARGAIN OUTLET HOLDINGS INC   | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      9030 | NS      | $1159452.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONET WORLDWIDE, INC.                        | EURONET WORLDWIDE INC                 | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     15240 | NS      | $1338224.40   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KRATOS DEFENSE & SECURITY SOLUTIONS, INC.      | KRATOS DEFENSE SECURITY SOLUTIONS INC | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     12010 | NS      | $1097353.70   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                       | FABRINET                              | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      7580 | NS      | $2763819.60   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO TECHNOLOGIES INC.                         | ESCO TECHNOLOGIES INC                 | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      8580 | NS      | $1811323.80   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer