# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-001313
**Filing Date:** 2026-2
**Character Count:** 43513
**Document Hash:** eec4c304515bf8b525750e220e16be6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001313.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001313

**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:** 26694487

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 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 Mid-Cap Core Growth Fund

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

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

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

- **a. Date of fiscal year-end:** 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:** $272082542.80

**Total Liabilities:** $288611.41

**Net Assets:** $271793931.39

**Cash Not Reported:** $126447.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144972 | -1.08%               | 1.85%                | -1.09%               |
| Class ID C000144975 | -1.06%               | 1.93%                | -1.13%               |
| Class ID C000144976 | -1.08%               | 1.90%                | -1.05%               |
| Class ID C000144973 | -1.12%               | 1.81%                | -1.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1687200.80              | $-4660644.69                               |
| Month 2  | $7800389.10              | $-2483787.51                               |
| Month 3  | $360610.01               | $-3538938.59                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TECHNIPFMC PLC                          | TECHNIPFMC PLC                     | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     70700 | NS      | $3150392.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| URBAN OUTFITTERS, INC.                  | URBAN OUTFITTERS INC               | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     28700 | NS      | $2159962.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                             | PHILLIPS 66                        | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      3100 | NS      | $400024.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                | FABRINET                           | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      7700 | NS      | $3505656.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                    | HCA HEALTHCARE INC                 | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     12000 | NS      | $5602320.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN, INC.                          | VERISIGN INC                       | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      2800 | NS      | $680260.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                         | BORGWARNER INC                     | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     16300 | NS      | $734478.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CONSOLIDATED, INC.            | COCA COLA CONSOLIDATED INC         | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |      6800 | NS      | $1042440.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC.                               | MSCI INC COMMON                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      4600 | NS      | $2639158.00   | 0.97%             |  |  |  | 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        |     52700 | NS      | $6117943.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR SECURE, INC.                      | CLEAR SECURE INC                   | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80900 | NS      | $2837972.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES, INC.                   | SUN COMMUNITIES INC                | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     27516 | NS      | $3409507.56   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORPORATION                     | SANMINA CORP                       | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      3400 | NS      | $510238.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HF SINCLAIR CORPORATION                 | HF SINCLAIR CORP                   | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     18100 | NS      | $834048.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS, INC.                            | VENTAS INC                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     39100 | NS      | $3025558.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.          | UNITED AIRLINES HOLDINGS INC       | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     22600 | NS      | $2527132.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                      | VERTIV HOLDINGS CO                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     30700 | NS      | $4973707.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                               | APTIV HOLDINGS LTD                 | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      8500 | NS      | $646765.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                           | ZSCALER INC                        | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      6700 | NS      | $1506964.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                            | CUMMINS INC                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1300 | NS      | $663585.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                           | DROPBOX INC                        | CUSIP: 26210C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44400 | NS      | $1234320.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC.                             | RESMED INC                         | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      3200 | NS      | $770784.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORPORATION                 | BOYD GAMING CORP                   | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     39400 | NS      | $3358456.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY               | NATIONAL FUEL GAS CO               | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     12900 | NS      | $1032774.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION               | VALERO ENERGY CORP                 | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     25100 | NS      | $4086029.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC.            | BIOMARIN PHARMACEUTICAL INC        | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     28500 | NS      | $1693755.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                       | TALEN ENERGY CORP                  | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3300 | NS      | $1236972.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                           | NISOURCE INC                       | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     66300 | NS      | $2768688.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                | F5 Inc                             | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      3200 | NS      | $816832.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAND CANYON EDUCATION, INC.            | GRAND CANYON EDUCATION INC         | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      4700 | NS      | $781657.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                   | QUANTA SERVICES INC                | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      3300 | NS      | $1392798.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ADDUS HOMECARE CORPORATION              | ADDUS HOMECARE CORP                | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     10900 | NS      | $1170551.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.         | UNIVERSAL HEALTH SERVICES          | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     22700 | NS      | $4949054.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC.                        | PEGASYSTEMS INC                    | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     13900 | NS      | $830108.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                        | ROYAL GOLD INC                     | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      8300 | NS      | $1845007.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.            | CASEY S GENERAL STORES INC         | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      5400 | NS      | $2984634.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP COMPANY          | PERFORMANCE FOOD GROUP CO          | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     31300 | NS      | $2814496.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT, INC.            | SABRA HEALTH CARE REIT INC         | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     84600 | NS      | $1602324.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD.                 | ARCH CAPITAL GROUP LIMITED         | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     26200 | NS      | $2513104.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.      | HARTFORD INSURANCE GROUP INC       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     18700 | NS      | $2576860.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                          | AUTODESK INC                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      8700 | NS      | $2575287.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                     | EXPEDIA GROUP INC                  | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25300 | NS      | $7167743.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORPORATION             | HANCOCK WHITNEY CORP               | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     23000 | NS      | $1464640.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP       | TENCENT MUSIC ENTERTAINMENT        | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             |  | CORP              | KY        |     84100 | NS      | $1474273.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.                | MUELLER INDUSTRIES INC             | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     10200 | NS      | $1170960.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                       | SYSCO CORP                         | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      7900 | NS      | $582151.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS, INC.                           | ROLLINS INC                        | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     10500 | NS      | $630210.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                           | POPULAR INC                        | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      8400 | NS      | $1045968.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.             | HALOZYME THERAPEUTICS INC          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     83800 | NS      | $5639740.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings, Inc.                     | POST HOLDINGS INC                  | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     14700 | NS      | $1456035.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS COMPANY               | COMMERCIAL METALS COMPANY          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     19200 | NS      | $1329024.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP.                   | LAS VEGAS SANDS CORP               | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      6800 | NS      | $442612.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                              | JABIL INC                          | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     19000 | NS      | $4332380.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC GROUP, INC.                         | BGC GROUP INC                      | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    167800 | NS      | $1498454.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                | DEVON ENERGY CORP                  | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     94700 | NS      | $3468861.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS, INC.                    | UNITED RENTALS INC                 | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       900 | NS      | $728388.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL, INC.           | RAYMOND JAMES FINANCIAL INC        | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     27600 | NS      | $4432284.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR S.A.    | MILLICOM INTERNATIONAL CELLULAR SA | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     16200 | NS      | $898128.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                  | VERISK ANALYTICS INC               | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      9200 | NS      | $2057948.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                | RALPH LAUREN CORP                  | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     15300 | NS      | $5410233.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                      | ROYALTY PHARMA PLC                 | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     17100 | NS      | $660744.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| COEUR MINING, INC.                      | COEUR MINING INC                   | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     37500 | NS      | $668625.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS, INC.        | OMEGA HEALTHCARE INVESTORS INC     | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     19400 | NS      | $860196.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION               | WR BERKLEY CORP                    | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     45300 | NS      | $3176436.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST, INC.              | DIGITAL REALTY TRUST INC           | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      1600 | NS      | $247536.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION             | DECKERS OUTDOOR CORP               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     11700 | NS      | $1212939.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                    | VICI PROPERTIES INC                | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    155800 | NS      | $4381096.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION PUBLIC LIMITED COMPANY         | ALLEGION PLC                       | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      3900 | NS      | $620958.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION          | SBA COMMUNICATIONS CORP            | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      6903 | NS      | $1335247.29   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                       | ULTA BEAUTY INC                    | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      1300 | NS      | $786513.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERACTIVE BROKERS GROUP, INC.         | INTERACTIVE BROKERS GROUP INC      | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     44100 | NS      | $2836071.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                               | EBAY INC                           | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     31000 | NS      | $2700100.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                   | TD SYNNEX CORP                     | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      8700 | NS      | $1307001.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP.                          | TOPBUILD CORP                      | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      9400 | NS      | $3921586.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORPORATION          | MARATHON PETROLEUM CORP            | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      2500 | NS      | $406575.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                    | BAKER HUGHES CO                    | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74500 | NS      | $3392730.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                   | LEIDOS HOLDINGS INC                | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      4000 | NS      | $721600.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                   | DELTA AIR LINES INC                | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     57300 | NS      | $3976620.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP, INC.                        | CBRE GROUP INC CL A                | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     29100 | NS      | $4678989.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFFON CORPORATION                     | GRIFFON CORP                       | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     36500 | NS      | $2688225.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC.                   | HOWMET AEROSPACE INC               | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     27900 | NS      | $5720058.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.                | FIRSTCASH HOLDINGS INC             | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19900 | NS      | $3171662.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                  | ENSIGN GROUP INC THE               | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     11400 | NS      | $1985880.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL SIGNAL CORPORATION              | FEDERAL SIGNAL CORP                | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     38400 | NS      | $4169856.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHROCK INC.                           | ARCHROCK INC                       | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     58200 | NS      | $1514364.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                   | NEWMARKET CORP                     | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      1200 | NS      | $824712.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AVERY DENNISON CORPORATION              | AVERY DENNISON CORP                | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     15000 | NS      | $2728200.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                      | INCYTE PHARMACEUTICALS INC         | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      4600 | NS      | $454342.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                  | TRANE TECHNOLOGIES PLC             | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      8400 | NS      | $3269280.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                             | HUMANA INC                         | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      1600 | NS      | $409808.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                   | CHENIERE ENERGY INC                | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     16000 | NS      | $3110240.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                          | EXELIXIS INC                       | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     23600 | NS      | $1034388.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.            | CF INDUSTRIES HOLDINGS INC         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     15100 | NS      | $1167834.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN HOLDINGS, INC.                    | CROWN HOLDINGS INC                 | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     15200 | NS      | $1565144.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP, INC.                       | MATCH GROUP INC                    | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     20900 | NS      | $674861.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC, INC.                      | CIRRUS LOGIC INC                   | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     10700 | NS      | $1267950.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HOLDINGS, INC.                  | MEDPACE HOLDINGS INC               | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      1300 | NS      | $730145.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INCORPORATED         | JONES LANG LASALLE INC             | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      3800 | NS      | $1278586.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORPORATION              | DOLLAR GENERAL CORP                | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      5800 | NS      | $770066.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                       | EMCOR GROUP INC                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      6500 | NS      | $3976635.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES, INC.                       | ROSS STORES INC                    | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     19400 | NS      | $3494716.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP, INC.              | SIMON PROPERTY GROUP INC           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      2600 | NS      | $481286.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                | ATMOS ENERGY CORPORATION           | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     20100 | NS      | $3369363.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                  | US FOODS HOLDING CORP              | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     14900 | NS      | $1122268.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERCORE INC.                           | EVERCORE INC                       | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      9100 | NS      | $3096275.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                    | STEEL DYNAMICS INC                 | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      5600 | NS      | $948920.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP, INC.         | AFFILIATED MANAGERS GROUP INC      | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     17500 | NS      | $5044900.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                       | EVERSOURCE ENERGY                  | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     15200 | NS      | $1023416.00   | 0.38%             |  |  |  | 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        |      3300 | NS      | $474837.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                        | GEN DIGITAL INC                    | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     60200 | NS      | $1636838.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATION ENTERTAINMENT, INC.         | LIVE NATION ENTERTAINMENT INC      | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     21844 | NS      | $3112770.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT, INC.                          | ASSURANT INC                       | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      7700 | NS      | $1854545.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.            | ROYAL CARIBBEAN CRUISES LTD        | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     13800 | NS      | $3849096.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.              | AMERIPRISE FINANCIAL INC           | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      7200 | NS      | $3530448.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                        | NRG ENERGY INC                     | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      5000 | NS      | $796200.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                          | KROGER CO THE                      | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     10900 | NS      | $681032.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                           | CENCORA INC                        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     14600 | NS      | $4931150.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPRING HEALTH SERVICES, INC.      | BRIGHTSPRING HEALTH SERVICES INC   | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118600 | NS      | $4441570.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.               | COMFORT SYSTEMS USA INC            | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      6800 | NS      | $6346372.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                            | NETAPP INC                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      8200 | NS      | $878138.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.          | MONOLITHIC POWER SYSTEMS INC       | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      4300 | NS      | $3897348.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                         | PPL CORP                           | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     16600 | NS      | $581332.00    | 0.21%             |  |  |  | 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