# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-004290
**Filing Date:** 2026-5
**Character Count:** 46171
**Document Hash:** 1866b62cf7dbfeaea0e7afe5e610e627
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004290.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004290

**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**: 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:** 261032954

**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 Integrity Discovery Fund (Series ID: S000046401)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000145004 | Class A      | MMEAX           |
| C000145005 | Class C      | MMECX           |
| C000145007 | Class Y      | MMEYX           |
| C000219865 | Member Class | MMMMX           |

## 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 Integrity Discovery Fund

- **b. EDGAR series identifier (if any):** S000046401

- **c. LEI of Series:** 549300EIYA36GFL6E746

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

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

- **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:** $72278443.81

**Total Liabilities:** $3518615.52

**Net Assets:** $68759828.29

**Cash Not Reported:** $1467527.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000145004 | 8.04%                | 3.42%                | -2.39%               |
| Class ID C000219865 | 8.06%                | 3.41%                | -2.36%               |
| Class ID C000145005 | 7.92%                | 3.37%                | -2.48%               |
| Class ID C000145007 | 8.04%                | 3.43%                | -2.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $821252.74               | $4164814.53                                |
| Month 2  | $917866.99               | $1373986.68                                |
| Month 3  | $325560.93               | $-2056457.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIRST MID BANCSHARES, INC.                     | FIRST MID BANCSHARES INC               | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17000 | NS      | $700230.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corporation                  | UNIVEST FINANCIAL CORP                 | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     11200 | NS      | $383712.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCANTILE BANK CORPORATION                    | MERCANTILE BANK CORPORATION            | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     10280 | NS      | $519140.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MONRO, INC.                                    | MONRO INC                              | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24800 | NS      | $397792.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CIVISTA BANCSHARES, INC.                       | CIVISTA BANCSHARES INC                 | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |     25900 | NS      | $590261.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PROPETRO HOLDING CORP.                         | PROPETRO HOLDING CORP                  | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46574 | NS      | $671131.34    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVIRI CORPORATION                             | ENVIRI CORP                            | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |     43100 | NS      | $845622.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHSTREAM, INC.                             | HEALTHSTREAM INC                       | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     20400 | NS      | $422484.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INTERNET BANCORP                         | FIRST INTERNET BANCORP                 | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     19800 | NS      | $403524.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE RIDGE BANKSHARES, INC.                    | BLUE RIDGE BANKSHARES INC              | CUSIP: 095825105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142700 | NS      | $599340.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES COMMERCIAL REAL ESTATE CORPORATION        | ARES COMMERCIAL REAL ESTATE CORP       | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |     98000 | NS      | $470400.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| LINDBLAD EXPEDITIONS HOLDINGS, INC.            | LINDBLAD EXPEDITIONS HOLDINGS INC      | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |     38700 | NS      | $669510.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBALL ELECTRONICS, INC.                      | KIMBALL ELECTRONICS INC                | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     27100 | NS      | $641999.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MATRIX SERVICE COMPANY                         | MATRIX SERVICE CO                      | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |     38250 | NS      | $439110.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LIQUIDITY SERVICES, INC.                       | LIQUIDITY SERVICES INC                 | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     18300 | NS      | $559431.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK AEROSPACE CORP.                           | PARK AEROSPACE CORP                    | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |     21250 | NS      | $581825.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial, Inc.                           | SMARTFINANCIAL INC                     | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14550 | NS      | $568614.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HERITAGE COMMERCE CORP                         | HERTIAGE COMMERCE CORP                 | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     42600 | NS      | $531648.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| HERITAGE INSURANCE HOLDINGS, INC.              | HERITAGE INSURANCE HOLDINGS INC        | CUSIP: 42727J102<br>LEI: 9845008CCYDD87F66B45 | Long             | EC               | CORP              | US        |     16900 | NS      | $443625.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MARINEMAX, INC.                                | MARINEMAX INC                          | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     19600 | NS      | $530376.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKDALE SENIOR LIVING INC.                   | BROOKDALE SENIOR LIVING INC            | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |     44129 | NS      | $603684.72    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOKE ENERGY, INC.                           | SUNCOKE ENERGY INC                     | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     64000 | NS      | $416640.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethos Technologies Inc                         | ETHOS TECHNOLOGIES INC                 | CUSIP: 29765A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29350 | NS      | $327839.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| MIMEDX GROUP, INC.                             | MIMEDX GROUP INC                       | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67300 | NS      | $265835.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANEX BUILDING PRODUCTS CORPORATION           | QUANEX BUILDING PRODUCTS CORPORATION   | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     34000 | NS      | $610980.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST WATCH RESTAURANT GROUP, INC.             | FIRST WATCH RESTAURANT GROUP INC       | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40900 | NS      | $428632.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Primis Financial Corp.                         | PRIMIS FINANCIAL CORP                  | CUSIP: 74167B109<br>LEI: 549300JNX3M2EENG1F11 | Long             | EC               | CORP              | US        |     43700 | NS      | $580336.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA INTERNATIONAL, INC.                        | CRA INTERNATIONAL INC                  | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2015 | NS      | $326188.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PEOPLES BANCORP INC.                           | PEOPLES BANCORP INC                    | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23000 | NS      | $756010.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Integrity Insurance Group Inc         | AMERICAN INTEGRITY INSURANCE GROUP INC | CUSIP: 026948109<br>LEI: 529900Y2VOV2LYV4OK68 | Long             | EC               | CORP              | US        |     29400 | NS      | $566832.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT CORP.                                | NETSTREIT CORP                         | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     27000 | NS      | $508410.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Silvaco Group Inc                              | SILVACO GROUP INC                      | CUSIP: 82728C102<br>LEI: 89450009UUSWTJL6DP68 | Long             | EC               | CORP              | US        |     88300 | NS      | $625164.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 VERTICALS, INC.                             | I3 VERTICALS INC                       | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     27600 | NS      | $617136.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| DIAMOND HILL INVESTMENT GROUP, INC.            | DIAMOND HILL INVESTMENT GROUP          | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |      2150 | NS      | $370015.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLY SERVICES, INC.                           | KELLY SERVICES INC A                   | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               | CORP              | US        |     49500 | NS      | $438075.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR HOLDINGS, INC.                             | QCR HOLDINGS INC                       | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |      9485 | NS      | $810493.25    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESPAN INC.                                   | ONESPAN INC                            | CUSIP: 68287N100<br>LEI: 984500E502E6DC354D26 | Long             | EC               | CORP              | US        |     42249 | NS      | $444881.97    | 0.65%             |  |  |  | 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        |    853238 | NS      | $853237.93    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCRAFT BOAT HOLDINGS, INC.                | MASTERCRAFT BOAT HOLDINGS INC          | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |     21300 | NS      | $436863.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ARDMORE SHIPPING CORPORATION                   | ARDMORE SHIPPING CORP                  | CUSIP: Y0207T100<br>LEI: 549300J8HD7K6BHD8O28 | Long             | EC               | CORP              | MH        |     57000 | NS      | $869250.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBMATIC, INC.                                 | PUBMATIC INC                           | CUSIP: 74467Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37600 | NS      | $307568.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDINGS INC.                         | BLUELINX HOLDINGS INC                  | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     10100 | NS      | $547218.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S RESTAURANTS, INC.                         | BJ S RESTAURANTS INC                   | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     12386 | NS      | $434748.60    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| VISHAY PRECISION GROUP, INC.                   | VISHAY PRECISION GROUP INC             | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16858 | NS      | $731974.36    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GENESCO INC.                                   | GENESCO INC                            | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |     14902 | NS      | $432008.98    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMACO RESOURCES, INC.                         | RAMACO RESOURCES INC                   | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |      9275 | NS      | $143391.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| ICHOR HOLDINGS, LTD.                           | ICHOR HOLDINGS LTD                     | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |     22015 | NS      | $1026119.15   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibex Ltd                                       | IBEX LTD                               | CUSIP: G4690M101<br>LEI: 5493000GRFLPVYU2CX17 | Long             | EC               | CORP              | BM        |     14650 | NS      | $392913.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGI INTERNATIONAL INC.                        | DIGI INTERNATIONAL INCORPORATED        | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     19500 | NS      | $939900.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| National Energy Services Reunited Corp.        | NATIONAL ENERGY SERVICES REUNITED CORP | CUSIP: G6375R107<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     20351 | NS      | $436935.97    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK-OHIO HOLDINGS CORP.                       | PARK OHIO HOLDINGS CORP                | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22550 | NS      | $542102.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Viant Technology Inc                           | VIANT TECHNOLOGY INC                   | CUSIP: 92557A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32000 | NS      | $358400.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Pangaea Logistics Solutions Ltd                | PANGAEA LOGISTICS SOLUTIONS LTD        | CUSIP: G6891L105<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     86000 | NS      | $608880.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| RIBBON COMMUNICATIONS INC.                     | RIBBON COMMUNICATIONS INC              | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    219155 | NS      | $464608.60    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL VISION HOLDINGS, INC.                 | NATIONAL VISION HOLDINGS INC           | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     19050 | NS      | $493395.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MARCUS CORPORATION                         | MARCUS CORP                            | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Long             | EC               | CORP              | US        |     38700 | NS      | $664479.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX CORPORATION                               | IMAX CORP                              | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     14300 | NS      | $543543.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| METALLUS INC.                                  | METALLUS INC                           | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     40950 | NS      | $669123.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANSIX INC.                                  | ADVANSIX INC                           | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     34600 | NS      | $844240.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEWATER BANCSHARES, INC.                   | BRIDGEWATER BANCSHARES INC             | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     27500 | NS      | $486750.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWATER PAPER CORPORATION                   | CLEARWATER PAPER CORP                  | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |     34400 | NS      | $494672.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOLDINGS, INC.                    | SALLY BEAUTY HOLDINGS INC              | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |     28600 | NS      | $396110.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN MISSOURI BANCORP, INC.                | SOUTHERN MISSOURI BANCORP INC          | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10675 | NS      | $682559.50    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS COMMUNITY BANCORP, INC                | CITIZENS COMMUNITY BANCORP INC WI      | CUSIP: 174903104<br>LEI: 549300VKLJAF4WABEF16 | Long             | EC               | CORP              | US        |     16350 | NS      | $323730.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS DYNAMICS, INC.                         | DOUGLAS DYNAMICS INC                   | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     14425 | NS      | $607148.25    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITIL CORPORATION                             | UNITIL CORP                            | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8771 | NS      | $458197.04    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RILEY EXPLORATION PERMIAN, INC.                | RILEY EXPLORATION PERMIAN INC          | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |     23000 | NS      | $838350.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA CLEAN HOLDINGS, INC.                     | ULTRA CLEAN HOLDINGS INC               | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     11745 | NS      | $730304.10    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTRONIX, INC.                                | LANTRONIX INC                          | CUSIP: 516548203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60500 | NS      | $317020.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AZENTA, INC.                                   | AZENTA INC                             | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     19820 | NS      | $418796.60    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTIVION, INC.                                 | ARTIVION INC                           | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     18400 | NS      | $673808.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF SOLUTIONS, INC.                            | PDF SOLUTIONS INC                      | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     19600 | NS      | $641116.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP ENTERPRISES, INC.                          | DXP ENTERPRISE INC                     | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3650 | NS      | $510014.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HORIZON BANCORP, INC.                          | HORIZON BANCORP INC IN                 | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     43700 | NS      | $724109.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNEX CAPITAL, INC.                            | DYNEX CAPITAL INC                      | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |     34350 | NS      | $438306.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.                 | COLLEGIUM PHARMACEUTICAL INC           | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     13500 | NS      | $446445.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GERMAN AMERICAN BANCORP, INC.                  | GERMAN AMERICAN BANCORP                | CUSIP: 373865104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8650 | NS      | $361483.50    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL BANCGROUP, INC.                     | COMMERCIAL BANCGROUP INC               | CUSIP: 20112C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20200 | NS      | $525604.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| ORANGE COUNTY BANCORP, INC.                    | ORANGE COUNTY BANCORP INC              | CUSIP: 68417L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18300 | NS      | $585234.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN MACHINERY INC.                           | TITAN MACHINERY INC                    | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     40900 | NS      | $683848.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| COHU, INC.                                     | COHU INC                               | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     22150 | NS      | $678233.00    | 0.99%             |  |  |  | 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        |    853238 | NS      | $853237.93    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMUNITY WEST BANCSHARES                      | COMMUNITY WEST BANCSHARES              | CUSIP: 203937107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24500 | NS      | $570850.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Honest Company Inc                             | HONEST CO INC THE                      | CUSIP: 438333106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146000 | NS      | $429240.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| DUCOMMUN INCORPORATED                          | DUCOMMON INC                           | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      6000 | NS      | $732000.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| nLIGHT Inc                                     | NLIGHT INC                             | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24141 | NS      | $1376519.82   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENT BANK CORPORATION                   | INDEPENDENT BANK CORPORATION           | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19525 | NS      | $650182.50    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CONNECTONE BANCORP, INC.                       | CONNECTONE BANCORP INC                 | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     24000 | NS      | $642480.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                  | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    853238 | NS      | $853237.91    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BUSINESS FIRST BANCSHARES, INC.                | BUSINESS FIRST BANCSHARES INC          | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     23800 | NS      | $643552.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMON GROUP HOLDINGS, INC.                   | THERMON GROUP HOLDINGS INC             | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     17800 | NS      | $897120.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK ELECTRONICS, INC.                    | BENCHMARK ELECTRONICS INC              | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     11600 | NS      | $650296.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI GROUP, INC.                                | HCI GROUP INC                          | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |      1060 | NS      | $163886.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN HOLDINGS, INC.                          | ADTRAN HOLDINGS INC                    | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |     67500 | NS      | $849150.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT WATER SOLUTIONS, INC.                   | SELECT WATER SOLUTIONS INC             | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     40415 | NS      | $618349.50    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTEEL INDUSTRIES, INC.                       | INSTEEL INDUSTRIES INC                 | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     16210 | NS      | $544818.10    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Latham Group Inc                               | LATHAM GROUP INC                       | CUSIP: 51819L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70400 | NS      | $378048.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COVENANT LOGISTICS GROUP, INC.                 | COVENANT LOGISTICS GRP INC             | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17000 | NS      | $461550.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXPOINT RESIDENTIAL TRUST, INC.               | NEXPOINT RESIDENTIAL TRUST INC         | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     19100 | NS      | $477500.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE RIDGE RESOURCES, INC.                  | GRANITE RIDGE RESOURCES INC            | CUSIP: 387432107<br>LEI: 254900CAHJQKOQ1YZC67 | Long             | EC               | CORP              | US        |    122012 | NS      | $716210.44    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL PACIFIC FINANCIAL CORP.                | CENTRAL PACIFIC FINANCIAL CORP         | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     10150 | NS      | $324394.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARES, INC.                | DIME COMMUNITY BANCSHARES              | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10550 | NS      | $356801.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIGIN BANCORP, INC.                           | ORIGIN BANCORP INC                     | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |      9700 | NS      | $402162.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| INFINITY NATURAL RESOURCES, INC.               | INFINITY NATURAL RESOURCES INC         | CUSIP: 456941103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31127 | NS      | $548146.47    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc.                          | KOPPERS HOLDINGS INC                   | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20900 | NS      | $808412.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST               | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    853238 | NS      | $853237.93    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp, Inc.                 | WASHINGTON TRUST BANCORP INC           | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     20676 | NS      | $691818.96    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL FUSE INC.                                  | BEL FUSE INC                           | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      5430 | NS      | $1075031.40   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT LAKES DREDGE & DOCK CORPORATION          | GREAT LAKES DREDGE DOCK CORPORATION    | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |     42150 | NS      | $716550.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VEECO INSTRUMENTS INC.                         | VEECO INSTRUMENTS INC                  | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     15825 | NS      | $535834.50    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIRON REAL ESTATE INC.                        | CHIRON REAL ESTATE INC                 | CUSIP: 37954A303<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |     19450 | NS      | $643406.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTORCAR PARTS OF AMERICA, INC.                | MOTORCAR PARTS OF AMERICA INC          | CUSIP: 620071100<br>LEI: 549300AG4610OSV3H429 | Long             | EC               | CORP              | US        |     46300 | NS      | $512078.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Portillos Inc                                  | PORTILLO S INC CL A                    | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67763 | NS      | $358466.27    | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| GRID DYNAMICS HOLDINGS, INC.                   | GRID DYNAMICS HOLDINGS INC             | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |     67000 | NS      | $381900.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP, INC.                                   | EZCORP INC                             | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     24400 | NS      | $619272.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLDAN GROUP, INC.                            | WILLDAN GROUP INC                      | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |      4317 | NS      | $330509.52    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PEAPACK-GLADSTONE FINANCIAL CORPORATION        | PEAPACK GLADSTONE FINL CORP            | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     16300 | NS      | $573923.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SAVERS VALUE VILLAGE, INC.                     | SAVERS VALUE VILLAGE INC               | CUSIP: 80517M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45100 | NS      | $335544.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| MILLER INDUSTRIES, INC.                        | MILLER INDUSTRIES INC TN               | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     13800 | NS      | $628590.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ORTHOFIX MEDICAL INC.                          | ORTHOFIX MEDICAL INC                   | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34473 | NS      | $395405.31    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ZUMIEZ INC.                                    | ZUMIEZ INC                             | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |     20500 | NS      | $454280.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERFACE, INC.                                | INTERFACE INC                          | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     23500 | NS      | $585620.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| FINANCIAL INSTITUTIONS, INC.                   | FINANCIAL INSTITUTIONS INC             | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20500 | NS      | $650055.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONIC INC.                                  | HARMONIC INC                           | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     37081 | NS      | $332987.38    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLVERINE WORLD WIDE, INC.                     | WOLVERINE WORLD WIDE INC               | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     21114 | NS      | $344580.48    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.           | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    142000 | NS      | $336540.00    | 0.49%             |  |  |  | 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