# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-001284
**Filing Date:** 2026-2
**Character Count:** 38580
**Document Hash:** 9d53e9ec0e721b4435f41fc3ab19807f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001284.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001284

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260630

**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:** 26694447

**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 Diversified Stock Fund (Series ID: S000000787)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002333 | Class A      | SRVEX           |
| C000002336 | Class C      | VDSCX           |
| C000002337 | Class R      | GRINX           |
| C000052113 | Class I      | VDSIX           |
| C000111270 | Class Y      | VDSYX           |
| C000138365 | Class R6     | VDSRX           |

## 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 Diversified Stock Fund

- **b. EDGAR series identifier (if any):** S000000787

- **c. LEI of Series:** 549300CFL88LDPQO6O73

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $374339985.28

**Total Liabilities:** $317719.90

**Net Assets:** $374022265.38

**Cash Not Reported:** $1264335.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000052113 | 2.44%                | 1.82%                | 0.12%                |
| Class ID C000138365 | 2.47%                | 1.81%                | 0.13%                |
| Class ID C000002333 | 2.45%                | 1.78%                | 0.11%                |
| Class ID C000002337 | 2.41%                | 1.75%                | 0.10%                |
| Class ID C000002336 | 2.34%                | 1.69%                | 0.06%                |
| Class ID C000111270 | 2.44%                | 1.81%                | 0.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3352781.53              | $5669760.53                                |
| Month 2  | $6577064.76              | $94827.45                                  |
| Month 3  | $290648.86               | $8651.83                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Philip Morris International Inc.             | PHILIP MORRIS INTERNATIONAL INC               | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     12347 | NS      | $1980458.80   | 0.53%             |  |  |  | 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        |     16775 | NS      | $1947409.75   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                        | LEIDOS HOLDINGS INC                           | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      7591 | NS      | $1369416.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                            | ULTA BEAUTY INC                               | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2670 | NS      | $1615376.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                              | KLA CORP                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5465 | NS      | $6640412.20   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP, INC.                            | MATCH GROUP INC                               | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     41601 | NS      | $1343296.29   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                        | WELLS FARGO CO                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     54956 | NS      | $5121899.20   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                | BROADCOM INC                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     32140 | NS      | $11123654.00  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                       | TRANE TECHNOLOGIES PLC                        | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4294 | NS      | $1671224.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                  | PROGRESSIVE CORP                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     21527 | NS      | $4902128.44   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Estate Select Sector SPDR Fund          | STATE STREET REAL ESTATE SEL                  | CUSIP: 81369Y860<br>LEI: 549300SPMSTD3BRHL041 | Long             |  | RF                | US        |    167913 | NS      | $6775289.55   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                 | CF INDUSTRIES HOLDINGS INC                    | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     35833 | NS      | $2771324.22   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC.                              | GLOBE LIFE INC                                | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     14020 | NS      | $1960837.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN, INC.                               | VERISIGN INC                                  | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      6824 | NS      | $1657890.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                  | ABBVIE INC                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      8382 | NS      | $1915203.18   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                     | FABRINET                                      | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      6270 | NS      | $2854605.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.               | UNITED AIRLINES HOLDINGS INC                  | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     27674 | NS      | $3094506.68   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                  | HALOZYME THERAPEUTICS INC                     | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     35797 | NS      | $2409138.10   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR S.A.         | MILLICOM INTERNATIONAL CELLULAR SA            | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     34557 | NS      | $1915840.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                       | ENSIGN GROUP INC THE                          | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     14047 | NS      | $2446987.40   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                          | EXPEDIA GROUP INC                             | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26062 | NS      | $7383625.22   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION                  | DECKERS OUTDOOR CORP                          | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     24045 | NS      | $2492745.15   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                       | GENERAL MOTORS CO                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     28599 | NS      | $2325670.68   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.              | UNIVERSAL HEALTH SERVICES                     | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      8360 | NS      | $1822647.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL SIGNAL CORPORATION                   | FEDERAL SIGNAL CORP                           | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     16531 | NS      | $1795101.29   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                    | VISA INC CLASS A                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     10891 | NS      | $3819582.61   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                         | BAKER HUGHES CO                               | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48555 | NS      | $2211194.70   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                        | GILEAD SCIENCES INC                           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      8868 | NS      | $1088458.32   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                          | EVEREST GROUP LTD                             | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      6508 | NS      | $2208489.80   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                        | QUANTA SERVICES INC                           | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       955 | NS      | $403067.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                            | SYSCO CORP                                    | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     18562 | NS      | $1367833.78   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                     | ALLSTATE CORP THE                             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     20646 | NS      | $4297464.90   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                         | AMPHENOL CORP CLASS A                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     34799 | NS      | $4702736.86   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.           | HARTFORD INSURANCE GROUP INC                  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     12803 | NS      | $1764253.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.                      | UBER TECHNOLOGIES INC                         | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     27430 | NS      | $2241305.30   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HOLDINGS, INC.                    | EXLSERVICE HOLDINGS INC                       | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     10824 | NS      | $459370.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP, INC.                             | CBRE GROUP INC CL A                           | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     12636 | NS      | $2031742.44   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                    | COMFORT SYSTEMS USA INC                       | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      2750 | NS      | $2566547.50   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                             | GEN DIGITAL INC                               | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     65935 | NS      | $1792772.65   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                     | RALPH LAUREN CORP                             | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     11796 | NS      | $4171183.56   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AVERY DENNISON CORPORATION                   | AVERY DENNISON CORP                           | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      9482 | NS      | $1724586.16   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | ALTRIA GROUP INC                              | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     77931 | NS      | $4493501.46   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP, INC.              | AFFILIATED MANAGERS GROUP INC                 | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     15235 | NS      | $4391945.80   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                              | CIGNA GROUP THE                               | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      6265 | NS      | $1724315.95   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                    | NATIONAL FUEL GAS CO                          | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     31706 | NS      | $2538382.36   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                          | EOG RESOURCES INC                             | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     39769 | NS      | $4176142.69   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.                     | MUELLER INDUSTRIES INC                        | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     14336 | NS      | $1645772.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                                | CENCORA INC                                   | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     10722 | NS      | $3621355.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                         | MCKESSON CORP                                 | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4705 | NS      | $3859464.45   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                   | AMERIPRISE FINANCIAL INC                      | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      6566 | NS      | $3219572.44   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                 | BRISTOL MYERS SQUIBB CO                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     55512 | NS      | $2994317.28   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                  | LOCKHEED MARTIN CORP                          | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      4499 | NS      | $2176031.33   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                         | VICI PROPERTIES INC                           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     25213 | NS      | $708989.56    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                | GOLDMAN SACHS GROUP INC THE                   | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2982 | NS      | $2621178.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                             | AMAZON COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     44700 | NS      | $10317654.00  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC.                                  | RESMED INC                                    | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       939 | NS      | $226176.93    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                                    | EBAY INC                                      | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     21315 | NS      | $1856536.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WALT DISNEY COMPANY                      | WALT DISNEY CO THE                            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     16584 | NS      | $1886761.68   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                       | INGREDION INC                                 | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     19009 | NS      | $2095932.34   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERACTIVE BROKERS GROUP, INC.              | INTERACTIVE BROKERS GROUP INC                 | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     55748 | NS      | $3585153.88   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                  | NOVARTIS AG                                   | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             |  | CORP              | CH        |      7482 | NS      | $1031543.34   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             |  | CORP              | TW        |     14171 | NS      | $4306425.19   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                 | ROYAL CARIBBEAN CRUISES LTD                   | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      7025 | NS      | $1959413.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                | NETFLIX INC                                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      7920 | NS      | $742579.20    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                        | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     43551 | NS      | $21062134.62  | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.                 | CASEY S GENERAL STORES INC                    | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      6235 | NS      | $3446146.85   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY                        | ELI LILLY CO                                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      9770 | NS      | $10499623.60  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                        | NEWMARKET CORP                                | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       820 | NS      | $563553.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                        | DELTA AIR LINES INC                           | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     41782 | NS      | $2899670.80   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION  | INTERNATIONAL BUSINESS MACHINES CORP          | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      3930 | NS      | $1164105.30   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                             | ROYAL GOLD INC                                | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     10181 | NS      | $2263134.49   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                               | EXELIXIS INC                                  | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     19705 | NS      | $863670.15    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                        | ARISTA NETWORKS INC                           | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      3660 | NS      | $479569.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                             | NRG ENERGY INC                                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      3987 | NS      | $634889.88    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                            | EMCOR GROUP INC                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      3280 | NS      | $2006671.20   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                | DROPBOX INC                                   | CUSIP: 26210C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121028 | NS      | $3364578.40   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC GROUP, INC.                              | BGC GROUP INC                                 | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    215399 | NS      | $1923513.07   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                          | CISCO SYSTEMS INC                             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     41993 | NS      | $3234720.79   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL, INC.                | RAYMOND JAMES FINANCIAL INC                   | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     11495 | NS      | $1845982.05   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                         | HCA HEALTHCARE INC                            | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     10032 | NS      | $4683539.52   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                          | NEWMONT CORP                                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     29420 | NS      | $2937587.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                               | KROGER CO THE                                 | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     63880 | NS      | $3991222.40   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.       | PNC FINANCIAL SERVICES GROUP INC              | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      9509 | NS      | $1984813.57   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                     | F5 Inc                                        | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      4516 | NS      | $1152754.16   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT, INC.                               | ASSURANT INC                                  | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      8232 | NS      | $1982677.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION PUBLIC LIMITED COMPANY              | ALLEGION PLC                                  | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      1392 | NS      | $221634.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                | ALPHABET INC CLASS C                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     69191 | NS      | $21712135.80  | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                         | JPMORGAN CHASE CO                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     17934 | NS      | $5778693.48   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.                     | FIRSTCASH HOLDINGS INC                        | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11534 | NS      | $1838288.92   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                               | TECHNIPFMC PLC                                | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     55581 | NS      | $2476689.36   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                               | AUTODESK INC                                  | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      6231 | NS      | $1844438.31   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                                | OWENS CORNING INC                             | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     19033 | NS      | $2129983.03   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                   | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    109491 | NS      | $29766223.26  | 7.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                   | PALANTIR TECHNOLOGIES INC                     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      9822 | NS      | $1745860.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPRING HEALTH SERVICES, INC.           | BRIGHTSPRING HEALTH SERVICES INC              | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141600 | NS      | $5302920.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED          | VERTEX PHARAMACEUTICALS INC                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      3449 | NS      | $1563638.64   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                   | JABIL INC                                     | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     10939 | NS      | $2494310.78   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                           | NVIDIA CORP                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    144785 | NS      | $27002402.50  | 7.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                 | NEW LINDE PLC                                 | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      3390 | NS      | $1445462.10   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                | POPULAR INC                                   | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     28389 | NS      | $3534998.28   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                         | META PLATFORMS INC                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      9972 | NS      | $6582417.48   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer