# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-001311
**Filing Date:** 2026-2
**Character Count:** 46729
**Document Hash:** 3ef3f55716129eb721181ef017297ad1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001311.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001311

**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:** 26694485

**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 Small-Cap Value Fund (Series ID: S000046393)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144977 | Class A      | VSCVX           |
| C000144978 | Class C      | MCVSX           |
| C000144979 | Class R      | MRVSX           |
| C000144980 | Class R6     | MVSSX           |
| C000144981 | Class Y      | VSVIX           |

## 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 Small-Cap Value Fund

- **b. EDGAR series identifier (if any):** S000046393

- **c. LEI of Series:** 5493000LV00VJ8XBPX24

**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:** $1027977797.00

**Total Liabilities:** $18027191.74

**Net Assets:** $1009950605.26

**Cash Not Reported:** $3167626.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144980 | -1.26%               | 3.43%                | 0.27%                |
| Class ID C000144977 | -1.30%               | 3.38%                | 0.22%                |
| Class ID C000144981 | -1.28%               | 3.44%                | 0.27%                |
| Class ID C000144978 | -1.41%               | 3.33%                | 0.13%                |
| Class ID C000144979 | -1.33%               | 3.35%                | 0.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5092495.06              | $-18224477.96                              |
| Month 2  | $2983988.76              | $29041914.70                               |
| Month 3  | $12135189.53             | $-10986631.71                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TTM TECHNOLOGIES, INC.                         | TTM TECHNOLOGIES                             | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     78253 | NS      | $5399457.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| INGEVITY CORPORATION                           | INGEVITY CORP                                | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    163300 | NS      | $9664094.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES, INC.                  | SUMMIT HOTEL PROPERTIES INC                  | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |    965500 | NS      | $4701985.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDINGS INC.                         | BLUELINX HOLDINGS INC                        | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     94677 | NS      | $5816008.11   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| LITTELFUSE, INC.                               | LITTELFUSE INC                               | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     20126 | NS      | $5090267.92   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCBEST CORPORATION                            | ARCBEST CORP                                 | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     88864 | NS      | $6592820.16   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| VALMONT INDUSTRIES, INC.                       | VALMONT INDUSTRIES INC                       | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     21900 | NS      | $8810808.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON HOME CORPORATION               | TAYLOR MORRISON HOME CORP                    | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    187200 | NS      | $11020464.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC.                                    | BELDEN INC                                   | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     73000 | NS      | $8508150.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS HOLDINGS, INC.                   | SOUTHWEST GAS HOLDINGS INC                   | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    120200 | NS      | $9618404.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| KORN FERRY                                     | KORN FERRY                                   | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    127000 | NS      | $8384540.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, INC.                                      | V2X INC                                      | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144500 | NS      | $7882475.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENTIAL PROPERTIES REALTY TRUST, INC.        | ESSENTIAL PROPERTIES REALTY TRUST INC        | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    359800 | NS      | $10671668.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE NATURAL RESOURCES, INC.                   | CORE NATURAL RESOURCES INC                   | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |    107100 | NS      | $9479421.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCE BANCSHARES, INC.                      | COMMERCE BANCSHARES INC                      | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185000 | NS      | $9682900.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CHEFS' WAREHOUSE, INC.                     | CHEFS WAREHOUSE INC THE                      | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |    162000 | NS      | $10097460.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIENT CORPORATION                             | AVIENT CORP                                  | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    215800 | NS      | $6741592.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORPORATION                         | MURPHY OIL CORP                              | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    323500 | NS      | $10109375.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNEX CAPITAL, INC.                            | DYNEX CAPITAL INC                            | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |    615000 | NS      | $8616150.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| TALOS ENERGY INC.                              | TALOS ENERGY INC                             | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    608000 | NS      | $6700160.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GULFPORT ENERGY CORPORATION                    | GULFPORT ENERGY CORP                         | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     36500 | NS      | $7591635.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVANOVA PLC                                   | LIVANOVA PLC                                 | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |    165000 | NS      | $10152450.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVEX INTERNATIONAL, INC.                    | INNOVEX INTERNATIONAL INC                    | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |    240548 | NS      | $5260784.76   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST BANCSHARES, INC.                     | NORTHWEST BANCSHARES INC                     | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    863000 | NS      | $10356000.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                      | NATIONAL FUEL GAS CO                         | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     65700 | NS      | $5259942.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR BANK, NATIONAL ASSOCIATION            | FLAGSTAR FINANCIAL INC                       | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |   1089300 | NS      | $13714287.00  | 1.36%             |  |  |  | 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        |   4260946 | NS      | $4260945.94   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CINEMARK HOLDINGS, INC.                        | CINEMARK HOLDINGS INC                        | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    346000 | NS      | $8041040.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIS RESIDENTIAL, INC.                        | Veris Residential Inc                        | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |    496000 | NS      | $7380480.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ATKORE INC                                     | ATKORE INC                                   | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |    148884 | NS      | $9416913.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORPORATION                          | BRUNSWICK CORP                               | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |    102000 | NS      | $7572480.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED NATURAL FOODS, INC.                     | UNITED NATURAL FOODS INC                     | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |    196900 | NS      | $6629623.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT, INC.                           | DOUGLAS EMMETT INC                           | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    660000 | NS      | $7253400.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GREENBRIER COMPANIES, INC.                 | GREENBRIER COS INC THE                       | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |    151192 | NS      | $7066714.08   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINANCIAL CORP.                            | CVB FINANCIAL CORP                           | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    567300 | NS      | $10551780.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.                 | COLLEGIUM PHARMACEUTICAL INC                 | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |    135500 | NS      | $6273650.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| RYERSON HOLDING CORPORATION                    | RYERSON HOLDING CORP                         | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |    254147 | NS      | $6394338.52   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                             | TIMKEN CO                                    | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     94500 | NS      | $7950285.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GLACIER BANCORP, INC.                          | GLACIER BANCORP INC                          | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    294000 | NS      | $12950700.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PATTERSON-UTI ENERGY, INC.                     | PATTERSON UTI ENERGY INC                     | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    886000 | NS      | $5413460.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN Entertainment, Inc.                       | PENN ENTERTAINMENT INC                       | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    308000 | NS      | $4543000.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG INDUSTRIAL, INC.                          | STAG INDUSTRIAL INC                          | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    126300 | NS      | $4642788.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEMENT SOLUTIONS INC                          | ELEMENT SOLUTIONS INC                        | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    222000 | NS      | $5547780.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTUS INVESTMENT PARTNERS, INC.               | VIRTUS INVESTMENT PARTNERS INC               | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |     48500 | NS      | $7912775.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPERNUS PHARMACEUTICALS, INC.                 | SUPERNUS PHARMACEUTICALS INC                 | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |    158000 | NS      | $7852600.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC.               | SOLSTICE ADVANCED MATERIALS INC              | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |    160000 | NS      | $7772800.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB GROUP, INC.                                | HUB GROUP INC CL A                           | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233500 | NS      | $9949435.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SURGERY PARTNERS, INC.                         | SURGERY PARTNERS INC                         | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |    300000 | NS      | $4635000.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORPORATION.                             | FLUOR CORP                                   | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    117500 | NS      | $4656525.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY COMPANY                | DIAMONDROCK HOSPITALITY CO                   | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    560000 | NS      | $5017600.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT, INC.                   | SABRA HEALTH CARE REIT INC                   | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    414000 | NS      | $7841160.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTORIA'S SECRET & CO.                        | VICTORIA S SECRET CO                         | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    246300 | NS      | $13342071.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BRINK'S COMPANY                            | BRINK S CO THE                               | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     84732 | NS      | $9890766.36   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC.         | ARTISAN PARTNERS ASSET MA A                  | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    188000 | NS      | $7659120.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT BANCORP INC.                               | N B T BANCORP INC                            | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    245000 | NS      | $10172400.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KULICKE AND SOFFA INDUSTRIES, INC.             | KULICKE SOFFA INDUSTRIES INC                 | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |    172200 | NS      | $7845432.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PLEXUS CORP.                                   | PLEXUS CORP                                  | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     54000 | NS      | $7938000.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP.                          | AGNC INVESTMENT CORP                         | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    508000 | NS      | $5445760.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| TRI POINTE HOMES, INC.                         | TRI POINTE HOMES INC                         | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    236000 | NS      | $7426920.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOODYEAR TIRE & RUBBER COMPANY             | GOODYEAR TIRE RUBBER CO THE                  | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |   1028000 | NS      | $9005280.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| KNOWLES CORPORATION                            | KNOWLES CORP                                 | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    411500 | NS      | $8818445.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVISTA HOLDINGS CORPORATION                   | ENVISTA HOLDINGS CORP                        | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    408000 | NS      | $8857680.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES, INC.                    | PROSPERITY BANCSHARES INC                    | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137000 | NS      | $9468070.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AZENTA, INC.                                   | AZENTA INC                                   | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |    147000 | NS      | $4889220.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORPORATION                    | HANCOCK WHITNEY CORP                         | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |    197265 | NS      | $12561835.20  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTEON CORPORATION                            | VISTEON CORP                                 | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     80820 | NS      | $7685982.00   | 0.76%             |  |  |  | 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        |   4260946 | NS      | $4260945.94   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST                           | LXP INDUSTRIAL TRUST                         | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    201000 | NS      | $9965580.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIS BANCORP                                 | AMERIS BANCORP                               | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    153500 | NS      | $11400445.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| STEWART INFORMATION SERVICES CORPORATION       | STEWART INFORMATION SERVICES                 | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |    128000 | NS      | $8993280.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VEECO INSTRUMENTS INC.                         | VEECO INSTRUMENTS INC                        | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    263000 | NS      | $7516540.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| STEVEN MADDEN, LTD.                            | STEVEN MADDEN LTD                            | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    254300 | NS      | $10589052.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERLY GOVERNMENT PROPERTIES, INC.           | EASTERLY GOVERNMENT PROPERTIES INC           | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |    292500 | NS      | $6198075.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                        | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4260946 | NS      | $4260945.93   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                      | NEXSTAR MEDIA GROUP INC                      | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     37700 | NS      | $7654985.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CURBLINE PROPERTIES CORP.                      | CURBLINE PROPERTIES CORP                     | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    433000 | NS      | $10049930.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP, INC.                      | CNO FINANCIAL GROUP INC                      | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    219500 | NS      | $9322165.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS, INC.                 | BREAD FINANCIAL HOLDINGS                     | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    104000 | NS      | $7699120.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION               | CALIFORNIA RESOURCES CORP                    | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |    201491 | NS      | $9008662.61   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE, INC.                     | BROADSTONE NET LEASE INC                     | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    584000 | NS      | $10144080.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT VACATIONS WORLDWIDE CORPORATION       | MARRIOTT VACATIONS WORLDWIDE CORP            | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     79000 | NS      | $4557510.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENT BANK CORP.                         | INDEPENDENT BANK CORP                        | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |    125112 | NS      | $9143184.96   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TEREX CORPORATION                              | TEREX CORPORATION                            | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |    135000 | NS      | $7206300.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES HOLDING PLC               | SENSATA TECHNOLOGIES HOLDING                 | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |    271000 | NS      | $9021590.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL BANCORP.                       | FIRST FINANCIAL BANCORP                      | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |    322000 | NS      | $8056440.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CATALYST PHARMACEUTICALS, INC.                 | CATALYST PHARMACEUTICALS INC                 | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    271000 | NS      | $6325140.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT HOLDINGS, INC.                             | DHT HOLDINGS INC                             | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |    448000 | NS      | $5470080.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENT GROUP LTD                               | ESSENT GROUP LTD                             | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |    207200 | NS      | $13470072.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST                     | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4260946 | NS      | $4260945.94   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SCORPIO TANKERS INC.                           | SCORPIO TANKERS INC                          | CUSIP: Y7542C130<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |    167000 | NS      | $8488610.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST MERCHANTS CORPORATION                    | FIRST MERCHANTS CORP                         | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |    292246 | NS      | $10953380.08  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORPORATION                            | SANMINA CORP                                 | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     45000 | NS      | $6753150.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                               | OLIN CORP                                    | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    266020 | NS      | $5541196.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN INTERNATIONAL, INC.                      | TITAN INTERNATIONAL INC                      | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    654079 | NS      | $5121438.57   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDEO TECHNOLOGIES, INC.                     | RESIDEO TECHNOLOGIES INC                     | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    334000 | NS      | $11730080.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL, INC. | CHARLES RIVER LABORATORIES INTERNATIONAL INC | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     35000 | NS      | $6981800.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI CORP.                                      | RLI CORP                                     | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    122000 | NS      | $7805560.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield Ltd.                       | CUSHMAN WAKEFIELD LTD                        | CUSIP: G2717C106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    805000 | NS      | $13032950.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOLDINGS, INC.                    | SALLY BEAUTY HOLDINGS INC                    | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    560000 | NS      | $7985600.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Limited                        | SIGNET JEWELERS LTD                          | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |    101799 | NS      | $8437101.12   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKDALE SENIOR LIVING INC.                   | BROOKDALE SENIOR LIVING INC                  | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |    620000 | NS      | $6689800.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC COMPANY              | PORTLAND GENERAL ELECTRIC CO                 | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    193700 | NS      | $9295663.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU MEDICAL, INC.                              | ICU MEDICAL INC                              | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     69000 | NS      | $9844230.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNAPTICS INCORPORATED                         | SYNAPTICS INCORPORATED                       | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |    149800 | NS      | $11088196.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LADDER CAPITAL CORP                            | LADDER CAPITAL CORP                          | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    742000 | NS      | $8154580.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BUCKLE, INC.                               | BUCKLE INC THE                               | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |    114000 | NS      | $6089880.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORPORATION                    | SOUTHSTATE BANK CORP                         | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117600 | NS      | $11067336.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SILA REALTY TRUST, INC.                        | SILA REALTY TRUST INC                        | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |    322900 | NS      | $7526799.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK OF HAWAII CORPORATION                     | BANK OF HAWAII CORP                          | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |    163000 | NS      | $11144310.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CARETRUST REIT, INC.                           | CARETRUST REIT INC                           | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    274500 | NS      | $9925920.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS COMPANY                      | COMMERCIAL METALS COMPANY                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    172800 | NS      | $11961216.00  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORPORATION                | WESTERN ALLIANCE BANCORP                     | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     85000 | NS      | $7145950.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares Russell 2000 Value ETF | ISHARES RUSSELL 2000 VALUE ETF               | CUSIP: 464287630<br>LEI: 549300WJAJCAZZLTQD63 | Long             |  | RF                | US        |     47850 | NS      | $8670898.50   | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| DIODES INCORPORATED                            | DIODES INC                                   | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |    148198 | NS      | $7312089.32   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP INDUSTRIES, INC.                           | UFP INDUSTRIES INC                           | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     95800 | NS      | $8722590.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX EDUCATION PARTNERS, INC.               | PHOENIX EDUCATION PARTNERS INC               | CUSIP: 718968100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96298 | NS      | $2917829.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| RYDER SYSTEM, INC.                             | RYDER SYSTEM INC                             | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     56800 | NS      | $10870952.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTREME NETWORKS, INC.                         | EXTREME NETWORKS INC                         | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    470100 | NS      | $7827165.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWEST, INC.                                  | SKYWEST INC                                  | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     99389 | NS      | $9979649.49   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR HOLDINGS, INC.                             | QCR HOLDINGS INC                             | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |    101000 | NS      | $8413300.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BANCORP                                  | FIRST BANCORP                                | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102800 | NS      | $5221212.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK FINANCIAL CORPORATION                      | BOK FINANCIAL CORP                           | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |     85200 | NS      | $10092792.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| ONE GAS, INC.                                  | ONE GAS INC                                  | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    117000 | NS      | $9038250.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INTERSTATE BANCSYSTEM, INC.              | FIRST INTERSTATE BANCSYS A                   | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    342700 | NS      | $11857420.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWESTERN ENERGY GROUP, INC.                | NORTHWESTERN CORP                            | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    158250 | NS      | $10213455.00  | 1.01%             |  |  |  | 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