# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-25-002144
**Filing Date:** 2025-11
**Character Count:** 42101
**Document Hash:** 8e41c1981ff6d72af8da7c66a4809eed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002144.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002144

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**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:** 251520036

**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 Mid-Cap Value Fund (Series ID: S000046397)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144991 | Class A      | MAIMX           |
| C000144992 | Class Y      | MYIMX           |
| C000164741 | Class R6     | MRIMX           |
| C000217047 | Class C      | MCIMX           |
| C000219863 | Member Class | MMIJX           |

## 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 Mid-Cap Value Fund

- **b. EDGAR series identifier (if any):** S000046397

- **c. LEI of Series:** 549300RKLZH9RUSBXP40

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $332962167.89

**Total Liabilities:** $3752266.50

**Net Assets:** $329209901.39

**Cash Not Reported:** $4266591.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217047 | 2.18%                | 3.57%                | 0.34%                |
| Class ID C000164741 | 2.28%                | 3.62%                | 0.49%                |
| Class ID C000219863 | 2.28%                | 3.61%                | 0.45%                |
| Class ID C000144991 | 2.24%                | 3.61%                | 0.41%                |
| Class ID C000144992 | 2.25%                | 3.63%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1126237.67              | $6041865.90                                |
| Month 2  | $649592.07               | $10433619.99                               |
| Month 3  | $655508.79               | $283149.98                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Xcel Energy Inc.                                | XCEL ENERGY INC                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     59844 | NS      | $4826418.60   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                            | BAKER HUGHES CO                        | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73450 | NS      | $3578484.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT, INC.                 | ANNALY CAPITAL MANAGEMENT INC          | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |    117000 | NS      | $2364570.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                     | L3HARRIS TECHNOLOGIES INC              | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     12502 | NS      | $3818235.82   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTEON CORPORATION                             | VISTEON CORP                           | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     23740 | NS      | $2845476.40   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                  | ZEBRA TECHNOLOGIES CORP                | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      7340 | NS      | $2181154.40   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                       | NEXSTAR MEDIA GROUP INC                | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     11834 | NS      | $2340055.16   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.       | KNIGHT SWIFT TRANSPORTATION            | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66372 | NS      | $2622357.72   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | WABTEC CORP                            | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     16674 | NS      | $3342636.78   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                 | UGI CORP                               | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     91490 | NS      | $3042957.40   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                        | CENTERPOINT ENERGY INC                 | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     97400 | NS      | $3779120.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                               | TALEN ENERGY CORP                      | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5152 | NS      | $2191557.76   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL, INC.                   | RAYMOND JAMES FINANCIAL INC            | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     27730 | NS      | $4786198.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED                   | AXIS CAPITAL HOLDINGS LTD              | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     28620 | NS      | $2741796.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ, INC.                                    | NASDAQ INC                             | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     41050 | NS      | $3630872.50   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PERRIGO COMPANY PUBLIC LIMITED COMPANY          | PERRIGO CO PLC                         | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |     81540 | NS      | $1815895.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FINANCIAL CORPORATION            | FIRST AMERICAN FINANCIAL CORP          | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     51244 | NS      | $3291914.56   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PUBLIC LIMITED COMPANY                   | STERIS PLC                             | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     15441 | NS      | $3820721.04   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBUS MEDICAL, INC.                            | GLOBUS MEDICAL INC                     | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     44030 | NS      | $2521598.10   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN, INC.                             | KINDER MORGAN INC                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    123843 | NS      | $3505995.33   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY     | JAZZ PHARMACEUTICALS PLC               | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |     23500 | NS      | $3097300.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.                        | DIAMONDBACK ENERGY INC                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     21243 | NS      | $3039873.30   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORPORATION                           | BRUNSWICK CORP                         | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     35275 | NS      | $2230791.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                        | DEVON ENERGY CORP                      | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     91167 | NS      | $3196315.02   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP COMPANY                  | PERFORMANCE FOOD GROUP CO              | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     33120 | NS      | $3445804.80   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER COMPANY                            | WEYERHAEUSER CO                        | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    128000 | NS      | $3173120.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                               | EMCOR GROUP INC                        | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      4423 | NS      | $2872915.42   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                      | MSILF GOVERNMENT-INST                  | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    865063 | NS      | $865062.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS INC.                                        | MKS INC                                | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     28880 | NS      | $3574477.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                    | EVERGY INC                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     47181 | NS      | $3586699.62   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                      | BUILDERS FIRSTSOURCE INC               | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     17103 | NS      | $2073738.75   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMO BRANDS CORPORATION                        | PRIMO BRANDS CORP                      | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     92922 | NS      | $2053576.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS, INC.                            | UNITED RENTALS INC                     | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      3472 | NS      | $3314579.52   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION                       | EXPAND ENERGY CORP                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     22386 | NS      | $2378288.64   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| QORVO, INC.                                     | QORVO INC                              | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     35883 | NS      | $3268223.64   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES, INC.                               | ROSS STORES INC                        | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     22641 | NS      | $3450261.99   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                     | INTERNATIONAL PAPER CO                 | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     62455 | NS      | $2897912.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| KILROY REALTY CORPORATION                       | KILROY REALTY CORP                     | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     80350 | NS      | $3394787.50   | 1.03%             |  |  |  | No            |                  1 | On Loan: —       |
| CORTEVA, INC.                                   | CORTEVA INC                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     24224 | NS      | $1638269.12   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH & BODY WORKS, INC.                         | BATH BODY WORKS INC                    | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     88527 | NS      | $2280455.52   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                    | TENET HEALTHCARE CORP                  | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      9944 | NS      | $2019029.76   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                                  | AMDOCS LTD                             | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |     36000 | NS      | $2953800.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                      | AGILENT TECHNOLOGIES INC               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     25750 | NS      | $3305012.50   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                    | ENCOMPASS HEALTH CORP                  | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     22965 | NS      | $2917014.30   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED              | HUNTINGTON BANCSHARES INC OH           | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    205800 | NS      | $3554166.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                             | FIFTH THIRD BANCORP                    | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     88296 | NS      | $3933586.80   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.                    | CASEY S GENERAL STORES INC             | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      5981 | NS      | $3381178.92   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT INC.                                        | ITT INC                                | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     15013 | NS      | $2683723.88   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                        | F5 Inc                                 | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      9789 | NS      | $3163706.91   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                            | VICI PROPERTIES INC                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    122600 | NS      | $3997986.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                      | JABIL INC                              | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      9366 | NS      | $2034014.22   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                                   | OWENS CORNING INC                      | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     17565 | NS      | $2484744.90   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MOHAWK INDUSTRIES, INC.                         | MOHAWK INDUSTRIES INC                  | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     19300 | NS      | $2488156.00   | 0.76%             |  |  |  | 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        |    865063 | NS      | $865062.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                               | FIRSTENERGY CORP                       | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     79365 | NS      | $3636504.30   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC.                 | GE HEALTHCARE TECHNOLOGIES INC         | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     36200 | NS      | $2718620.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                       | VALERO ENERGY CORP                     | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     22817 | NS      | $3884822.42   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR FINANCIAL, INC.                        | FLAGSTAR FINANCIAL INC                 | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    240500 | NS      | $2777775.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INCORPORATED                            | CORNING INC                            | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     44567 | NS      | $3655831.01   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| W.P. CAREY INC.                                 | WP CAREY INC                           | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     60686 | NS      | $4100553.02   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORPORATION                               | NUCOR CORP                             | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     22876 | NS      | $3098096.68   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                        | STATE STREET CORP                      | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     35350 | NS      | $4100953.50   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORPORATION                             | OSHKOSH CORP                           | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     22800 | NS      | $2957160.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED               | MICROCHIP TECHNOLOGY INC               | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     51625 | NS      | $3315357.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK, INC.                                    | AMETEK INC                             | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     18249 | NS      | $3430812.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP, INC.                                | PULTEGROUP INC                         | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19896 | NS      | $2628858.48   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.              | HARTFORD INSURANCE GROUP INC           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     22000 | NS      | $2934580.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NORWEGIAN CRUISE LINE HOLDINGS LTD.             | NORWEGIAN CRUISE LINE HOLDINGS LTD     | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    118500 | NS      | $2918655.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                     | CAESARS ENTERTAINMENT INC              | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |     72946 | NS      | $1971365.65   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                               | YUM BRANDS INC                         | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     21000 | NS      | $3192000.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT VACATIONS WORLDWIDE CORPORATION        | MARRIOTT VACATIONS WORLDWIDE CORP      | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     26019 | NS      | $1731824.64   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOODYEAR TIRE & RUBBER COMPANY              | GOODYEAR TIRE RUBBER CO THE            | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    211625 | NS      | $1582955.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                           | TD SYNNEX CORP                         | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     13464 | NS      | $2204730.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MOSAIC COMPANY                              | THE MOSAIC CO                          | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     81376 | NS      | $2822119.68   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTAIR PUBLIC LIMITED COMPANY                  | PENTAIR PLC                            | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     17136 | NS      | $1897983.36   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES HOLDING PLC                | SENSATA TECHNOLOGIES HOLDING           | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |    100800 | NS      | $3079440.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LIONSGATE STUDIOS CORP.                         | LIONSGATE STUDIOS CORP                 | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    182807 | NS      | $1261368.30   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES, INC.                     | KEYSIGHT TECHNOLOGIES INC              | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     20340 | NS      | $3557872.80   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN HOLDINGS, INC.                            | CROWN HOLDINGS INC                     | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     27995 | NS      | $2704037.05   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                            | M T BANK CORP                          | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     21450 | NS      | $4238949.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LABCORP HOLDINGS INC.                           | LABCORP HOLDINGS INC                   | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11600 | NS      | $3329896.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORPORATION                       | REALTY INCOME CORP                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     84728 | NS      | $5150615.12   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO           | INVESCO GVT & AGNCY-INST               | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    865063 | NS      | $865062.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC.                  | JEFFERIES FINANCIAL GROUP INC          | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     43157 | NS      | $2823330.94   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORPORATION                       | FIRST HORIZON CORP                     | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    141450 | NS      | $3198184.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BRINK'S COMPANY                             | BRINK S CO THE                         | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     27612 | NS      | $3226738.32   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.                       | WESCO INTERNATIONAL                    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     16502 | NS      | $3490173.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE, INC.                               | DOLLAR TREE INC                        | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     26120 | NS      | $2464944.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTRON INC.                                    | TEXTRON INC                            | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     37000 | NS      | $3126130.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                 | UNITED THERAPEUTICS CORP               | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      5929 | NS      | $2485496.09   | 0.75%             |  |  |  | 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        |     27400 | NS      | $2555050.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP.                                  | TOPBUILD CORP                          | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      6704 | NS      | $2620325.44   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                       | NATIONAL FUEL GAS CO                   | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     27054 | NS      | $2498977.98   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                    | LINCOLN NATIONAL CORP                  | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     74600 | NS      | $3008618.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RESOURCES CORPORATION                    | ANTERO RESOURCES CORP                  | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     71760 | NS      | $2408265.60   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                           | CAMDEN PROPERTY TRUST                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     26870 | NS      | $2869178.60   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                       | REGAL REXNORD CORP                     | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     20758 | NS      | $2977527.52   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS SOLUTIONS INC.                           | JACOBS SOLUTIONS INC                   | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21640 | NS      | $3242970.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTERNATIONAL INC.                         | CACI INTERNATIONAL INC CLASS A         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      5607 | NS      | $2796659.46   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS, INC.                 | MARTIN MARIETTA MATERIALS INC          | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      5590 | NS      | $3523265.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY INVESTMENT TRUST                 | FEDERAL REALTY INVESTMENT TRUST        | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     31000 | NS      | $3140610.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| DOVER CORPORATION                               | DOVER CORP                             | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     16470 | NS      | $2747690.10   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD.                         | ARCH CAPITAL GROUP LIMITED             | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     28796 | NS      | $2612661.08   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MEDIA CORP - FORMULA ONE GROUP          | LIBERTY MEDIA CORP - FORMULA ONE GROUP | CUSIP: 531229755<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     24345 | NS      | $2542835.25   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST, INC.                      | ESSEX PROPERTY TRUST INC               | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      9420 | NS      | $2521357.20   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL, INC.                     | BRIGHTHOUSE FINANCIAL INC              | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |     38800 | NS      | $2059504.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                  | UNITED AIRLINES HOLDINGS INC           | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     31490 | NS      | $3038785.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PILGRIM'S PRIDE CORPORATION                     | PILGRIM S PRIDE CORP                   | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     72567 | NS      | $2954928.24   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                              | TIMKEN CO                              | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     30744 | NS      | $2311333.92   | 0.70%             |  |  |  | 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        |    865063 | NS      | $865062.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE, INC.                                  | RELIANCE INC                           | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      9234 | NS      | $2593184.22   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE WEST CAPITAL CORPORATION               | PINNACLE WEST CAPITAL CORP             | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     32850 | NS      | $2945331.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD.                                       | FLEX LTD                               | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     50860 | NS      | $2948354.20   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer