# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-25-210033
**Filing Date:** 2025-8
**Character Count:** 34705
**Document Hash:** 9fecf1ae68ed2246431fa6fc81c8dedc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210033.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210033

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**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:** 251268202

**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 Munder Mid-Cap Core Growth Fund (Series ID: S000046392)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144972 | Class A      | MGOAX           |
| C000144973 | Class C      | MGOTX           |
| C000144975 | Class R6     | MGOSX           |
| C000144976 | Class Y      | MGOYX           |

## 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 Munder Mid-Cap Core Growth Fund

- **b. EDGAR series identifier (if any):** S000046392

- **c. LEI of Series:** 549300T8YEUSUURLI085

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $291161958.29

**Total Liabilities:** $5249011.75

**Net Assets:** $285912946.54

**Cash Not Reported:** $4234375.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144972 | 0.38%                | 5.37%                | 4.86%                |
| Class ID C000144975 | 0.31%                | 5.43%                | 4.86%                |
| Class ID C000144976 | 0.34%                | 5.35%                | 4.92%                |
| Class ID C000144973 | 0.26%                | 5.28%                | 4.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1222298.84             | $1868940.85                                |
| Month 2  | $1709516.43              | $12682551.67                               |
| Month 3  | $5429528.77              | $7762431.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CYBERARK SOFTWARE LTD.                         | CYBERARK SOFTWARE LTD          | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      7700 | NS      | $3132976.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL, INC.                  | RAYMOND JAMES FINANCIAL INC    | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     29700 | NS      | $4555089.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHROCK INC.                                  | ARCHROCK INC                   | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     62600 | NS      | $1554358.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC.                          | HOWMET AEROSPACE INC           | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      9500 | NS      | $1768235.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                           | VICI PROPERTIES INC            | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    107700 | NS      | $3511020.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFFON CORPORATION                            | GRIFFON CORP                   | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     39300 | NS      | $2844141.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                                 | FORTINET INC                   | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     20200 | NS      | $2135544.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                     | JABIL INC                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     24300 | NS      | $5299830.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.                       | DIAMONDBACK ENERGY INC         | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     16700 | NS      | $2294580.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS, INC.                                 | SYNOPSYS INC                   | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      4400 | NS      | $2255792.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST       | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    412459 | NS      | $412458.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                    | HALOZYME THERAPEUTICS INC      | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     70900 | NS      | $3688218.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KIRBY CORPORATION                              | KIRBY CORP                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     34500 | NS      | $3912645.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                | PPL CORP                       | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     91400 | NS      | $3097546.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES, INC.                          | SUN COMMUNITIES INC            | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     26216 | NS      | $3316061.84   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                     | AMERIPRISE FINANCIAL INC       | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      7800 | NS      | $4163094.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                               | GEN DIGITAL INC                | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     97000 | NS      | $2851800.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD.                        | ARCH CAPITAL GROUP LIMITED     | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     28200 | NS      | $2567610.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATION ENTERTAINMENT, INC.                | LIVE NATION ENTERTAINMENT INC  | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     29344 | NS      | $4439160.32   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                         | VERISK ANALYTICS INC           | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     15900 | NS      | $4952850.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                      | COMFORT SYSTEMS USA INC        | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      5800 | NS      | $3110018.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                          | CHENIERE ENERGY INC            | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     19600 | NS      | $4772992.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST, INC.                     | DIGITAL REALTY TRUST INC       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     18700 | NS      | $3259971.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP, INC.                               | CBRE GROUP INC CL A            | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     37000 | NS      | $5184440.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                           | AMPHENOL CORP CLASS A          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     42440 | NS      | $4190950.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                 | MONOLITHIC POWER SYSTEMS INC   | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      4500 | NS      | $3291210.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                          | QUANTA SERVICES INC            | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     16600 | NS      | $6276128.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC.                                      | MSCI INC COMMON                | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      6800 | NS      | $3921832.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS INC.                  | FACTSET RESEARCH SYSTEMS INC   | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      3600 | NS      | $1610208.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                                      | EBAY INC                       | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     63800 | NS      | $4750548.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC.                                    | RESMED INC                     | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     12100 | NS      | $3121800.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL SIGNAL CORPORATION                     | FEDERAL SIGNAL CORP            | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     46300 | NS      | $4927246.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                               | ROYAL GOLD INC                 | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     15400 | NS      | $2738736.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                         | ENSIGN GROUP INC THE           | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     18600 | NS      | $2869236.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                      | WR BERKLEY CORP                | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     63200 | NS      | $4643304.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HOLDINGS, INC.                      | EXLSERVICE HOLDINGS INC        | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     35000 | NS      | $1532650.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TYLER TECHNOLOGIES, INC.                       | TYLER TECHNOLOGIES INC         | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      7600 | NS      | $4505584.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC GROUP, INC.                                | BGC GROUP INC                  | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    393600 | NS      | $4026528.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                       | RALPH LAUREN CORP              | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     10600 | NS      | $2907368.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                 | AUTODESK INC                   | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      9300 | NS      | $2879001.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ROADHOUSE, INC.                          | TEXAS ROADHOUSE INC            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     14200 | NS      | $2661222.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAKE SHACK INC.                               | SHAKE SHACK INC                | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     12200 | NS      | $1715320.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                            | EXPEDIA GROUP INC              | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19300 | NS      | $3255524.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES, INC.                    | KEYSIGHT TECHNOLOGIES INC      | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     10100 | NS      | $1654986.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                                  | ZSCALER INC                    | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      5700 | NS      | $1789458.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                           | MCKESSON CORP                  | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      5700 | NS      | $4176846.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AVERY DENNISON CORPORATION                     | AVERY DENNISON CORP            | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     16000 | NS      | $2807520.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| INTAPP, INC.                                   | INTAPP INC                     | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31700 | NS      | $1636354.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFE TIME GROUP HOLDINGS, INC                  | LIFE TIME GROUP HOLDINGS INC   | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56900 | NS      | $1725777.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP COMPANY                 | PERFORMANCE FOOD GROUP CO      | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     33500 | NS      | $2930245.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                 | SBA COMMUNICATIONS CORP        | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     15003 | NS      | $3523304.52   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERCORE INC.                                  | EVERCORE INC                   | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      7600 | NS      | $2052152.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                         | INGREDION INC                  | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     27600 | NS      | $3743112.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                            | SHIFT4 PAYMENTS INC CLASS A    | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16500 | NS      | $1635315.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| UNIVERSAL HEALTH SERVICES, INC.                | UNIVERSAL HEALTH SERVICES      | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     19000 | NS      | $3441850.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                       | ATMOS ENERGY CORPORATION       | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     21500 | NS      | $3313365.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP              | TENCENT MUSIC ENTERTAINMENT    | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             |  | CORP              | KY        |     90600 | NS      | $1765794.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ABERCROMBIE & FITCH CO.                        | ABERCROMBIE FITCH CO           | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     22200 | NS      | $1839270.00   | 0.64%             |  |  |  | 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        |    412459 | NS      | $412458.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS, INC.                   | CHARTER COMMUNICATIONS INC     | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      9100 | NS      | $3720171.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                           | BAKER HUGHES CO                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87000 | NS      | $3335580.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                   | ROYAL CARIBBEAN CRUISES LTD    | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     20400 | NS      | $6388056.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                             | VERTIV HOLDINGS CO             | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     33000 | NS      | $4237530.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERACTIVE BROKERS GROUP, INC.                | INTERACTIVE BROKERS GROUP INC  | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     92000 | NS      | $5097720.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP, INC.                | AFFILIATED MANAGERS GROUP INC  | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     17300 | NS      | $3404121.00   | 1.19%             |  |  |  | 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        |    412459 | NS      | $412458.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                   | CHIPOTLE MEXICAN GRILL INC     | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51400 | NS      | $2886110.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| URBAN OUTFITTERS, INC.                         | URBAN OUTFITTERS INC           | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     30900 | NS      | $2241486.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT CO., INC.                      | CHURCH DWIGHT CO INC           | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     33900 | NS      | $3258129.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN, INC.                            | BROWN BROWN INC                | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     29700 | NS      | $3292839.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANCORP, INC.                              | BANCORP INC THE                | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     31900 | NS      | $1817343.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                                     | UNUM GROUP                     | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     45500 | NS      | $3674580.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                         | TRANE TECHNOLOGIES PLC         | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      9000 | NS      | $3936690.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                  | NISOURCE INC                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     71200 | NS      | $2872208.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation        | BANK OF NEW YORK MELLON CORP   | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     35600 | NS      | $3243516.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                           | HCA HEALTHCARE INC             | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     12800 | NS      | $4903680.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, INC.                                    | ONEOK INC                      | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     32500 | NS      | $2652975.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY, INC.                                   | CORPAY INC                     | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      8100 | NS      | $2687742.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM, INC.                                   | JD COM INC                     | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             |  | CORP              | KY        |     55900 | NS      | $1824576.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ADDUS HOMECARE CORPORATION                     | ADDUS HOMECARE CORP            | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     11700 | NS      | $1347723.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P MidCap 400 ETF Trust                  | SPDR S P MIDCAP 400 ETF TRUST  | CUSIP: 78467Y107<br>LEI: 5493003TT35P3SIWJJ72 | Long             |  | RF                | US        |      6500 | NS      | $3682120.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                              | EMCOR GROUP INC                | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      5900 | NS      | $3155851.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST          | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    412459 | NS      | $412458.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.                   | CASEY S GENERAL STORES INC     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      5800 | NS      | $2959566.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTERNATIONAL INC.                        | CACI INTERNATIONAL INC CLASS A | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      3700 | NS      | $1763790.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES, INC.                              | ROSS STORES INC                | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     20800 | NS      | $2653664.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL, INC.                     | COREBRIDGE FINANCIAL INC       | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     99600 | NS      | $3535800.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ALKAMI TECHNOLOGY, INC.                        | ALKAMI TECHNOLOGY INC          | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     36200 | NS      | $1091068.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SPROUTS FARMERS MARKET, INC.                   | SPROUTS FARMERS MARKET INC     | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     10300 | NS      | $1695792.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                       | FABRINET                       | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |     13900 | NS      | $4096052.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.                       | FIRSTCASH HOLDINGS INC         | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $1756820.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC.                          | FREEPORT MCMORAN INC           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     58000 | NS      | $2514300.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR SECURE, INC.                             | CLEAR SECURE INC               | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68300 | NS      | $1896008.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                                  | CENCORA INC                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     16400 | NS      | $4917540.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer