# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-004276
**Filing Date:** 2026-5
**Character Count:** 39497
**Document Hash:** d0d48855b0e56b63e3b495f44863636a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004276.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004276

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261032891

**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 Growth Fund (Series ID: S000053581)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168408 | Class A      | RSEGX           |
| C000168409 | Class C      | REGWX           |
| C000168411 | Class Y      | RSYEX           |
| C000193682 | Class R6     | RSEJX           |

## 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 Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000053581

- **c. LEI of Series:** 549300S05EC1NNU8DB97

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $338363296.57

**Total Liabilities:** $5870274.72

**Net Assets:** $332493021.85

**Cash Not Reported:** $1230799.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168409 | 3.61%                | -1.07%               | -6.44%               |
| Class ID C000193682 | 3.71%                | -0.97%               | -6.36%               |
| Class ID C000168411 | 3.71%                | -0.98%               | -6.37%               |
| Class ID C000168408 | 3.69%                | -1.00%               | -6.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6866460.41              | $7683234.47                                |
| Month 2  | $1586667.67              | $-5137393.68                               |
| Month 3  | $-587942.21              | $-22767347.25                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IONQ Inc                                       | IONQ INC                               | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |     85800 | NS      | $2473614.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| OneSpaWorld Holdings Ltd                       | ONESPAWORLD HOLDINGS LTD               | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |    169840 | NS      | $3897828.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| E.L.F. BEAUTY, INC.                            | ELF BEAUTY INC                         | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     21780 | NS      | $1320085.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS, INC.                        | COMMVAULT SYSTEMS INC                  | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     25300 | NS      | $1970617.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA, INC.                         | BRIDGEBIO PHARMA INC                   | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     94950 | NS      | $7050987.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LENDINGTREE, INC.                              | LENDINGTREE INC                        | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |     37680 | NS      | $1615718.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PALOMAR HOLDINGS, INC.                         | PALOMAR HOLDINGS INC                   | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     30210 | NS      | $3610095.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                      | BOX INC CLASS A                        | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     86980 | NS      | $2056207.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp                       | PROCEPT BIOROBOTICS CORP               | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12770 | NS      | $319377.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Hinge Health Inc                               | HINGE HEALTH INC A                     | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73583 | NS      | $2837360.48   | 0.85%             |  |  |  | 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        |     50620 | NS      | $4751699.40   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                       | FABRINET                               | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |     18530 | NS      | $9663765.60   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES, INC.                         | SPX TECHNOLOGIES INC                   | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42230 | NS      | $8443466.20   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| RUBRIK, INC.                                   | RUBRIK INC                             | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     36020 | NS      | $1763899.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURN ELKAY WATER SOLUTIONS CORPORATION         | ZURN ELKAY WATER SOLUTIONS CORPORATION | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     21440 | NS      | $961369.60    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Spyre Therapeutics Inc                         | SPYRE THERAPEUTICS INC                 | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |     89818 | NS      | $4530419.92   | 1.36%             |  |  |  | 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        |   1365614 | NS      | $1365614.45   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORPORATION                            | SEMTECH CORP                           | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     90110 | NS      | $6928557.90   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGAN, INC.                                    | ARGAN INC                              | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      3510 | NS      | $1911721.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDANT HEALTH, INC.                          | GUARDANT HEALTH INC                    | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     80380 | NS      | $7424700.60   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHROCK INC.                                  | ARCHROCK INC                           | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     38350 | NS      | $1334580.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI WORLDWIDE, INC.                            | ACI WORLDWIDE INC                      | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     85400 | NS      | $3502254.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KORN FERRY                                     | KORN FERRY                             | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     43230 | NS      | $2721328.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                      | XENON PHARMACEUTICALS INC              | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |     42190 | NS      | $2453348.50   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORPORATION                 | WINTRUST FINANCIAL CORP                | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     32490 | NS      | $4514160.60   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORPORATION                      | UMB FINANCIAL CORP                     | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     33550 | NS      | $3784104.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ITRON, INC.                                    | ITRON INC                              | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     42600 | NS      | $3818238.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORPORATION                       | BLOOM ENERGY CORP                      | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     54430 | NS      | $7374720.70   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                            | KRYSTAL BIOTECH INC                    | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     15900 | NS      | $4107288.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JFROG LTD                                      | JFROG LTD                              | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |     46231 | NS      | $2169620.83   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GLAUKOS CORPORATION                            | GLAUKOS CORP                           | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     44180 | NS      | $4756418.80   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFE360, INC.                                  | LIFE360 INC                            | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     39770 | NS      | $1623411.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| SERVICETITAN, INC.                             | SERVICETITAN INC                       | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39160 | NS      | $2485093.60   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                    | HALOZYME THERAPEUTICS INC              | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     13320 | NS      | $860871.60    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KARMAN HOLDINGS INC.                           | KARMAN HOLDINGS INC                    | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21110 | NS      | $1689855.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers by Vitamin Cottage Inc         | NATURAL GROCERS BY VITAMIN COTTAGE INC | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |     38109 | NS      | $985117.65    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEAYA Biosciences Inc                         | IDEAYA BIOSCIENCES INC                 | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |     92140 | NS      | $3070104.80   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BADGER METER, INC.                             | BADGER METER INC                       | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     38670 | NS      | $5891374.50   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMORIS SERVICES CORPORATION                  | PRIMORIS SERVICES CORP                 | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     46690 | NS      | $6678537.60   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc                        | APOGEE THERAPEUTICS INC                | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43710 | NS      | $3679070.70   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TWFG Inc                                       | TWFG INC                               | CUSIP: 87318A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71910 | NS      | $1322424.90   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MANUFACTURING COMPANY                   | MODINE MANUFACTURING CO                | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     34000 | NS      | $7368140.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exzeo Group Inc                                | EXZEO GROUP INC                        | CUSIP: 30234F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109358 | NS      | $1604281.86   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp.                          | WAYSTAR HOLDING CORP                   | CUSIP: 946784105<br>LEI: 529900QJLKXDYU36MH89 | Long             | EC               | CORP              | US        |     94221 | NS      | $2271668.31   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION MEDICINES, INC.                     | REVOLUTION MEDICINES INC               | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     55170 | NS      | $5365282.50   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                            | ASCENDIS PHARMA A S ADR                | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | DK        |     16490 | NS      | $3771757.70   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                  | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1365614 | NS      | $1365614.45   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| WARBY PARKER INC.                              | WARBY PARKER INC                       | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123000 | NS      | $2591610.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                        | KYMERA THERAPEUTICS INC                | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32560 | NS      | $2711922.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RIOT PLATFORMS, INC.                           | RIOT PLATFORMS INC                     | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    216470 | NS      | $2675569.20   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                  | CRINETICS PHARMACEUTICALS INC          | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     15830 | NS      | $574945.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AnaptysBio Inc                                 | ANAPTYSBIO INC                         | CUSIP: 032724106<br>LEI: 529900HH4WQT03IG1A12 | Long             | EC               | CORP              | US        |     30930 | NS      | $1715377.80   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| THE VITA COCO COMPANY, INC.                    | VITA COCO CO INC THE                   | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     53410 | NS      | $2558873.10   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| RADNET, INC.                                   | RADNET INC                             | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     32710 | NS      | $1828161.90   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHEQUITY, INC.                             | HEALTHEQUITY INC                       | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     30990 | NS      | $2589834.30   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCURY SYSTEMS, INC.                          | MERCURY SYSTEMS INC                    | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |    116190 | NS      | $8471412.90   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURCES CORPORATION                  | PERMIAN RESOURCES CORP COM             | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122240 | NS      | $2606156.80   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRUM PHARMACEUTICALS, INC.                    | MIRUM PHARMACEUTICALS INC              | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     36340 | NS      | $3357089.20   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                        | PIPER SANDLER COMPANIES COM            | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     62160 | NS      | $4758348.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                                      | BRAZE INC                              | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |    112270 | NS      | $2650694.70   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED INDUSTRIAL TECHNOLOGIES, INC.          | APPLIED INDUSTRIAL TECHNOLOGIES INC    | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     22940 | NS      | $6086440.80   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| nLIGHT Inc                                     | NLIGHT INC                             | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32330 | NS      | $1843456.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC.                                  | WINGSTOP INC                           | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     11440 | NS      | $1772856.80   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES, INC                            | CHAMPION HOMES INC                     | CUSIP: 830830105<br>LEI: 2549008RYT2Y0VBZTC29 | Long             | EC               | CORP              | US        |     27190 | NS      | $2022120.30   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| WATTS WATER TECHNOLOGIES, INC.                 | WATTS WATER TECHNOLOGIES INC A         | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      7420 | NS      | $2153951.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KRATOS DEFENSE & SECURITY SOLUTIONS, INC.      | KRATOS DEFENSE SECURITY SOLUTIONS INC  | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     47240 | NS      | $3330892.40   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKDALE SENIOR LIVING INC.                   | BROOKDALE SENIOR LIVING INC            | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |    181040 | NS      | $2476627.20   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 HOLDINGS, INC.                              | Q2 HOLDINGS INC                        | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     59540 | NS      | $2816242.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp                  | ADAPTIVE BIOTECHNOLOGIES               | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    286920 | NS      | $3982449.60   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc                                    | SI BONE INC                            | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |    151960 | NS      | $1919254.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                           | GENEDX HOLDINGS CORP                   | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35960 | NS      | $2309351.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics Inc                      | VIRIDIAN THERAPEUTICS INC              | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |     71870 | NS      | $1405777.20   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVANTA INC.                                   | NOVANTA INC                            | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     40660 | NS      | $4802352.60   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL TECHNICAL INSTITUTE, INC.            | UNIVERSAL TECHNICAL INSTITUTE INC      | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     62777 | NS      | $2266249.70   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW, INC.                               | FIVE BELOW                             | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     15760 | NS      | $3600844.80   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.                       | FIRSTCASH HOLDINGS INC                 | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24650 | NS      | $4634200.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TIDEWATER INC.                                 | TIDEWATER INC                          | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     42100 | NS      | $3517455.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COEUR MINING, INC.                             | COEUR MINING INC                       | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    131130 | NS      | $2461310.10   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Klaviyo Inc                                    | KLAVIYO INC                            | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109010 | NS      | $2121334.60   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd                              | GENIUS SPORTS LTD                      | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |    143940 | NS      | $637654.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM HOLDINGS, INC.                         | IRHYTHM HOLDINGS INC                   | CUSIP: 450056106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18550 | NS      | $2189271.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO TECHNOLOGIES INC.                         | ESCO TECHNOLOGIES INC                  | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     14640 | NS      | $4119256.80   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.      | MACOM TECHNOLOGY SOLUTIONS HOL         | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24663 | NS      | $5476912.41   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| WISDOMTREE, INC.                               | WISDOMTREE INC                         | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |    162350 | NS      | $2363816.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| OLLIE'S BARGAIN OUTLET HOLDINGS, INC.          | OLLIE S BARGAIN OUTLET HOLDINGS INC    | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     19410 | NS      | $1786496.40   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                        | CUSTOMERS BANCORP INC                  | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     49230 | NS      | $3417054.30   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GAP, INC.                                  | GAP INC                                | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     99850 | NS      | $2416370.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BALCHEM CORPORATION                            | BALCHEM CORP                           | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     27620 | NS      | $4681037.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                            | PAYONEER GLOBAL INC                    | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    463420 | NS      | $2238318.60   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER WATER PRODUCTS, INC.                   | MUELLER WATER PRODUCTS INC             | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    135200 | NS      | $3716648.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHTPATH TECHNOLOGIES, INC.                   | LIGHTPATH TECHNOLOGIES INC             | CUSIP: 532257805<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194400 | NS      | $1949832.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC.                           | ONTO INNOVATION INC                    | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     17190 | NS      | $3525153.30   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan America SA                               | TITAN AMERICA SA                       | CUSIP: B9151N105<br>LEI: 9845007APCB6462D6C46 | Long             | EC               | CORP              | BE        |    114694 | NS      | $1718116.12   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| AVIENT CORPORATION                             | AVIENT CORP                            | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     97210 | NS      | $3528723.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CASELLA WASTE SYSTEMS, INC.                    | CASELLA WASTE SYSTEMS INC              | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     61340 | NS      | $4866715.60   | 1.46%             |  |  |  | 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        |   1365614 | NS      | $1365614.45   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTPOWER INC.                                 | NEXTPOWER INC CL A                     | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62610 | NS      | $7547635.50   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DUTCH BROS INC.                                | DUTCH BROS INC                         | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44870 | NS      | $2273114.20   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST               | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1365614 | NS      | $1365614.45   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Oric Pharmaceuticals Inc                       | ORIC PHARMACEUTICALS INC               | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    273610 | NS      | $3466638.70   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CALLAWAY GOLF COMPANY                          | CALLAWAY GOLF COMPANY                  | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    236980 | NS      | $3289282.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                           | KONTOOR BRANDS INC                     | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     17850 | NS      | $1254676.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANET FITNESS, INC.                           | PLANET FITNESS INC                     | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     34020 | NS      | $2530407.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshworks Inc                                 | FRESHWORKS INC                         | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |    203040 | NS      | $1630411.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.                    | DIGITALOCEAN HOLDINGS INC              | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     32590 | NS      | $2795570.20   | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| VARONIS SYSTEMS, INC.                          | VARONIS SYSTEMS INC                    | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     35730 | NS      | $767123.10    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol D. Trevino

**Name of Signer:** Carol D. Trevino

**Title:** Treasurer