# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-004264
**Filing Date:** 2026-5
**Character Count:** 22625
**Document Hash:** 759ddea83e6900235a20eec0b953d5b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004264.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004264

**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**: 20261231

**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:** 261032882

**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 RS Value Fund (Series ID: S000053562)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168336 | Class A      | RSVAX           |
| C000168337 | Class C      | RVACX           |
| C000168339 | Class Y      | RSVYX           |

## 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 RS Value Fund

- **b. EDGAR series identifier (if any):** S000053562

- **c. LEI of Series:** 5493003VFQCJZ7D2E402

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

- **a. Date of fiscal year-end:** 2026-12-31

- **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:** $245263336.38

**Total Liabilities:** $269654.81

**Net Assets:** $244993681.57

**Cash Not Reported:** $5464853.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168336 | 3.46%                | 4.23%                | -5.72%               |
| Class ID C000168339 | 3.46%                | 4.27%                | -5.72%               |
| Class ID C000168337 | 3.38%                | 4.19%                | -5.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4579435.63              | $4043762.13                                |
| Month 2  | $601730.56               | $9984321.34                                |
| Month 3  | $-136232.74              | $-14984662.98                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| METHANEX CORPORATION                   | METHANEX CORP                      | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |     69520 | NS      | $4139220.80   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICAL INDUSTRIES LIMITED | TEVA PHARMACEUTICAL INDUSTRIES LTD | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             |  | CORP              | IL        |    228180 | NS      | $6872781.60   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS, INC.                | COMMVAULT SYSTEMS INC              | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     30560 | NS      | $2380318.40   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, INC.                         | NNN REIT INC                       | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    139670 | NS      | $5870330.10   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS, INC.       | SSNC TECHNOLOGIES HLDGS INC        | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     32850 | NS      | $2219674.50   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.              | CBOE GLOBAL MARKETS INC            | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     10230 | NS      | $2875346.10   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.               | CENTERPOINT ENERGY INC             | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    147450 | NS      | $6363942.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEMENT SOLUTIONS INC                  | ELEMENT SOLUTIONS INC              | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     88570 | NS      | $3023779.80   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                              | CUBESMART                          | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69150 | NS      | $2534347.50   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION           | ENCOMPASS HEALTH CORP              | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     46740 | NS      | $4521160.20   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION         | ZEBRA TECHNOLOGIES CORP            | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     17830 | NS      | $3727896.40   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKETAXESS HOLDINGS INC.              | MARKETAXESS HOLDINGS INC           | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     51370 | NS      | $8475022.60   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                  | CAMDEN PROPERTY TRUST              | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     19010 | NS      | $1856516.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORPORATION                   | Westlake Corp                      | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     30170 | NS      | $3524459.40   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC        | LONDON STOCK EXCHANGE GROUP PLC    | CUSIP: 54211Y107<br>LEI: 213800QAUUUP6I445N30 | Long             |  | CORP              | GB        |    192190 | NS      | $5733027.70   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                  | KEURIG DR PEPPER INC               | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     84885 | NS      | $2235022.05   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP CORPORATION                  | API GROUP CORP                     | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     91895 | NS      | $3723585.40   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LITTELFUSE, INC.                       | LITTELFUSE INC                     | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     15000 | NS      | $5090250.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                   | BAKER HUGHES CO                    | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88830 | NS      | $5423071.50   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED     | FAIRFAX FINANCIAL HOLDINGS LTD     | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      2280 | NS      | $3885491.12   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS, INC.                          | MAXIMUS INC                        | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     48530 | NS      | $3110773.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD. | CHECK POINT SOFTWARE TECHNOLOGIES  | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     26880 | NS      | $3839808.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORPORATION              | UMB FINANCIAL CORP                 | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     21770 | NS      | $2455438.30   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEFLEX INCORPORATED                  | TELEFLEX INC                       | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |     21390 | NS      | $2558457.90   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                           | TRIMBLE INC                        | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     39240 | NS      | $2559625.20   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION              | EXPAND ENERGY CORP                 | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     34230 | NS      | $3757769.40   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTERNATIONAL INC.                | CACI INTERNATIONAL INC CLASS A     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     10110 | NS      | $5498525.70   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc.                 | TFI INTERNATIONAL INC              | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     43620 | NS      | $4738440.60   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DOVER CORPORATION                      | DOVER CORP                         | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     24230 | NS      | $5050743.50   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                             | UNUM GROUP                         | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     30760 | NS      | $2246402.80   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.      | EQUITY LIFESTYLE PROPERTIES INC    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     81210 | NS      | $5069128.20   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.              | WESCO INTERNATIONAL                | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     18400 | NS      | $5034608.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH, INC.               | OPTION CARE HEALTH INC             | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    116860 | NS      | $3145871.20   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                      | FIRSTENERGY CORP                   | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    145060 | NS      | $7348739.60   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                     | TIMKEN CO                          | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     67320 | NS      | $6770372.40   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIFE RIVER CORPORATION                | KNIFE RIVER CORP                   | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47410 | NS      | $3871026.50   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP.                              | PVH CORP                           | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     42790 | NS      | $2985030.40   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH & BODY WORKS, INC.                | BATH BODY WORKS INC                | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    135730 | NS      | $2534079.10   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                        | PPL CORP                           | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    160450 | NS      | $6129190.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE CORPORATION PLC                  | NOBLE CORP PLC                     | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     71330 | NS      | $3500163.10   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                     | SUNCOR ENERGY INC                  | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     60730 | NS      | $4014860.30   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                  | LEIDOS HOLDINGS INC                | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     25610 | NS      | $3982867.20   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.         | CITIZENS FINANCIAL GROUP INC       | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     42690 | NS      | $2560119.30   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION              | VALERO ENERGY CORP                 | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     20540 | NS      | $5075023.20   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD.            | AXALTA COATING SYSTEMS LTD         | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     84370 | NS      | $2337049.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK, INC.                           | AMETEK INC                         | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     29390 | NS      | $6300040.40   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORPORATION                    | VONTIER CORP W I                   | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     64460 | NS      | $2286396.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                 | US FOODS HOLDING CORP              | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     45660 | NS      | $4210308.60   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC       | FIDELITY NATIONAL FINANCIAL        | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     58830 | NS      | $2728535.40   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONET WORLDWIDE, INC.                | EURONET WORLDWIDE INC              | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     36540 | NS      | $2425159.80   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                    | TOLL BROTHERS INC                  | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     22100 | NS      | $3015987.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC.                        | GLOBE LIFE INC                     | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     64510 | NS      | $8977856.70   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                           | MATTEL INC                         | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    368890 | NS      | $5359971.70   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES, INC.            | PROSPERITY BANCSHARES INC          | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67020 | NS      | $4502403.60   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                 | CVS HEALTH CORP                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     63470 | NS      | $4558415.40   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                       | AGCO CORP                          | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     38680 | NS      | $4481851.60   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                | KEYCORP                            | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    181500 | NS      | $3639075.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS, INC.                | LANTHEUS HOLDINGS INC              | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     31910 | NS      | $2420373.50   | 0.99%             |  |  |  | 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