# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-004283
**Filing Date:** 2026-5
**Character Count:** 30096
**Document Hash:** 43987da9c01c81cc8348c6d4b8b5e399
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004283.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004283

**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:** 261032947

**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 Sycamore Established Value Fund (Series ID: S000000788)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002334 | Class A      | VETAX           |
| C000002335 | Class R      | GETGX           |
| C000052114 | Class I      | VEVIX           |
| C000111271 | Class Y      | VEVYX           |
| C000138366 | Class R6     | VEVRX           |
| C000169232 | Class C      | VEVCX           |

## 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 Sycamore Established Value Fund

- **b. EDGAR series identifier (if any):** S000000788

- **c. LEI of Series:** 5493008YBYIRYKBV5463

**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:** $15077399682.48

**Total Liabilities:** $8534427.04

**Net Assets:** $15068865255.44

**Cash Not Reported:** $334382454.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002334 | 5.69%                | 4.39%                | -5.20%               |
| Class ID C000169232 | 5.62%                | 4.31%                | -5.27%               |
| Class ID C000111271 | 5.71%                | 4.41%                | -5.17%               |
| Class ID C000052114 | 5.71%                | 4.43%                | -5.17%               |
| Class ID C000002335 | 5.69%                | 4.37%                | -5.21%               |
| Class ID C000138366 | 5.73%                | 4.43%                | -5.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $321047657.02            | $541574535.81                              |
| Month 2  | $294388810.51            | $393078961.17                              |
| Month 3  | $278404501.96            | $-1141401954.14                            |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CARRIER GLOBAL CORPORATION                     | CARRIER GLOBAL CORP               | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |   3680000 | NS      | $207220800.00 | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST          | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     56225 | NS      | $56225.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.                         | LOWE S COS INC                    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |   1145000 | NS      | $270540600.00 | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL, INC.                  | RAYMOND JAMES FINANCIAL INC       | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |   1610000 | NS      | $233111900.00 | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                           | STEEL DYNAMICS INC                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |   1215000 | NS      | $218700000.00 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                       | DEVON ENERGY CORP                 | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |   5475000 | NS      | $275502000.00 | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX CORPORATION                               | IDEX CORP                         | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |   1085000 | NS      | $205661750.00 | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES, INC.                    | KEYSIGHT TECHNOLOGIES INC         | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |    900000 | NS      | $254133000.00 | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA HOLDINGS INC                             | IQVIA HOLDINGS INC                | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |    900000 | NS      | $153486000.00 | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                                | BORGWARNER INC                    | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |   3099000 | NS      | $168151740.00 | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize AG                                      | AMRIZE LTD                        | CUSIP: H2927K103<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |   2681000 | NS      | $150189620.00 | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                         | CMS ENERGY CORP                   | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   3600000 | NS      | $279288000.00 | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.                 | HILTON WORLDWIDE HOLDINGS INC     | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    530000 | NS      | $161162400.00 | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED              | MICROCHIP TECHNOLOGY INC          | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |   4040000 | NS      | $261024400.00 | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| XYLEM INC.                                     | XYLEM INC                         | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |   1900000 | NS      | $227050000.00 | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                                   | TRIMBLE INC                       | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |   2366000 | NS      | $154334180.00 | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTERNATIONAL INC.                        | CACI INTERNATIONAL INC CLASS A    | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |    342000 | NS      | $186003540.00 | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.             | HARTFORD INSURANCE GROUP INC      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   1930000 | NS      | $260993900.00 | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                 | ZEBRA TECHNOLOGIES CORP           | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |    580000 | NS      | $121266400.00 | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP, INC.                 | AMERICAN FINANCIAL GROUP INC      | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |   1415000 | NS      | $180709650.00 | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.                   | CASEY S GENERAL STORES INC        | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |    247500 | NS      | $180145350.00 | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA               | PACKAGING CORP OF AMERICA         | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |   1400000 | NS      | $297108000.00 | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED             | HUNTINGTON BANCSHARES INC OH      | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |   1970000 | NS      | $30830500.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                | ARCHER DANIELS MIDLAND CO         | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |   3475000 | NS      | $252597750.00 | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.      | KNIGHT SWIFT TRANSPORTATION       | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4220000 | NS      | $242987600.00 | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY    | WILLIS TOWERS WATSON PLC          | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |    765000 | NS      | $222385500.00 | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LABCORP HOLDINGS INC.                          | LABCORP HOLDINGS INC              | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1435000 | NS      | $382872350.00 | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                      | REGAL REXNORD CORP                | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |   1015000 | NS      | $190068900.00 | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.              | EQUITY LIFESTYLE PROPERTIES INC   | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |   3580000 | NS      | $223463600.00 | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                        | MOLINA HEALTHCARE INC             | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |   1505000 | NS      | $200616500.00 | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM INTERNATIONAL INC.                         | RPM INTERNATIONAL INC             | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |   2735350 | NS      | $271893790.00 | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES, INC.                        | REPUBLIC SERVICES INC             | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    755000 | NS      | $165360100.00 | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS, INCORPORATED.                             | MKS INC                           | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    480000 | NS      | $110308800.00 | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corporation                      | FRANCO NEVADA CORP                | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    345000 | NS      | $85232250.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                     | ALLIANT ENERGY CORP               | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |   4844000 | NS      | $347605440.00 | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING COMPANY                      | LAMAR ADVERTISING CO A            | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |   2100000 | NS      | $265986000.00 | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CHORD ENERGY CORPORATION                       | CHORD ENERGY CORP                 | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |   1372000 | NS      | $195070960.00 | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INCORPORATED                 | QUEST DIAGNOSTICS INC             | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |   1287000 | NS      | $252226260.00 | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INCORPORATED                           | HUBBELL INC                       | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |    505000 | NS      | $247823700.00 | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, INC.                                 | NNN REIT INC                      | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |   5905000 | NS      | $248187150.00 | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARDAERO, INC.                             | STANDARDAERO INC                  | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6890000 | NS      | $177968700.00 | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                       | F5 Inc                            | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |    460000 | NS      | $133091800.00 | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP, INC.                  | PENSKE AUTOMOTIVE GROUP INC       | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |   1188025 | NS      | $177633498.00 | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST             | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     56225 | NS      | $56225.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES, INC.                      | AKAMAI TECHNOLOGIES INC           | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |   1789000 | NS      | $205466650.00 | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LANDSTAR SYSTEM, INC.                          | LANDSTAR SYSTEM INC               | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |    780000 | NS      | $125041800.00 | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                            | EXPEDIA GROUP INC                 | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    640000 | NS      | $147769600.00 | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA, INC.                          | WILLIAMS SONOMA INC               | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |    985000 | NS      | $179595050.00 | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS, INC.                        | DUPONT DE NEMOURS INC             | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |   4325000 | NS      | $198085000.00 | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| COTERRA ENERGY INC.                            | COTERRA ENERCOTERRA ENERGY INC    | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |   2710000 | NS      | $95229400.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                                | CSX CORP                          | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   7105000 | NS      | $291660250.00 | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S WHOLESALE CLUB HOLDINGS, INC.             | BJ S WHOLESALE CLUB HOLDINGS INC  | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |   1625000 | NS      | $159932500.00 | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD.         | CHECK POINT SOFTWARE TECHNOLOGIES | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |    630000 | NS      | $89995500.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN ELECTRIC HOLDINGS, INC.                | LINCOLN ELECTRIC HOLDINGS INC     | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |   1045000 | NS      | $260288600.00 | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                         | US FOODS HOLDING CORP             | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |   4030000 | NS      | $371606300.00 | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                   | CF INDUSTRIES HOLDINGS INC        | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |   1070000 | NS      | $138928800.00 | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| APTARGROUP, INC.                               | APTARGROUP INC                    | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |   1730000 | NS      | $218014600.00 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ESTEE LAUDER COMPANIES INC.                | ESTEE LAUDER COS INC CLASS A      | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |   2250000 | NS      | $161482500.00 | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY COMPANY                         | TRACTOR SUPPLY CO                 | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |   1073000 | NS      | $48606900.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ROADHOUSE, INC.                          | TEXAS ROADHOUSE INC               | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |   1160000 | NS      | $191562400.00 | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TORO COMPANY                               | TORO CO                           | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |   2155000 | NS      | $201363200.00 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP.                                 | TOPBUILD CORP                     | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |    554000 | NS      | $194620200.00 | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC.                    | LPL FINANCIAL HOLDINGS INC        | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |    220000 | NS      | $66182600.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION                      | EXPAND ENERGY CORP                | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |   1970000 | NS      | $216266600.00 | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| REVVITY, INC.                                  | REVVITY INC                       | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |   2215000 | NS      | $194056150.00 | 1.29%             |  |  |  | No            |                  1 | On Loan: —       |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND | GLDMN SCHS FIN SQ GV-FST          | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     56225 | NS      | $56225.00     | 0.00%             |  |  |  | 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        |     56225 | NS      | $56225.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS COMPANY, INC.             | AMERICAN WATER WORKS CO INC       | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |   1730000 | NS      | $235435700.00 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                    | L3HARRIS TECHNOLOGIES INC         | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    575000 | NS      | $198461250.00 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTERNATIONAL CORPORATION         | OLD REPUBLIC INTERNATIONAL CORP   | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |   4775000 | NS      | $190522500.00 | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                          | CAMDEN PROPERTY TRUST             | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |   1876000 | NS      | $183210160.00 | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                           | BAKER HUGHES CO                   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2494000 | NS      | $152258700.00 | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE, INC.                                 | AUTOZONE INC                      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |     65500 | NS      | $221244590.00 | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORPORATION                                | CDW CORP OF DELAWARE              | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    945000 | NS      | $114363900.00 | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                               | AGCO CORP                         | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |   1350000 | NS      | $156424500.00 | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI CONSULTING, INC.                           | FTI CONSULTING INC                | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |   1160000 | NS      | $205053200.00 | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                   | TRUIST FINANCIAL CORP             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |   5815000 | NS      | $267315550.00 | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB N.V.                                       | SLB LTD                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   3490000 | NS      | $179351100.00 | 1.19%             |  |  |  | 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