# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-25-210031
**Filing Date:** 2025-8
**Character Count:** 34655
**Document Hash:** 218749e501581ecc9bda925a3bdff789
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210031.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**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:** 251268201

**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 Mid Cap Growth Fund (Series ID: S000053578)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168396 | Class A      | RSMOX           |
| C000168397 | Class C      | RMOCX           |
| C000168399 | Class Y      | RMOYX           |
| C000172969 | Class R6     | RMORX           |
| C000219869 | Member Class | RMOMX           |

## 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:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

  - **Telephone number:** 800-539-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Victory RS Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000053578

- **c. LEI of Series:** 54930021JIMQW21CEP55

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $72700069.15

**Total Liabilities:** $846035.03

**Net Assets:** $71854034.12

**Cash Not Reported:** $479483.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000172969 | 2.44%                | 10.75%               | 4.83%                |
| Class ID C000168399 | 2.40%                | 10.78%               | 4.80%                |
| Class ID C000168396 | 2.39%                | 10.70%               | 4.83%                |
| Class ID C000219869 | 2.42%                | 10.71%               | 4.79%                |
| Class ID C000168397 | 2.33%                | 10.59%               | 4.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-576801.43              | $1911785.03                                |
| Month 2  | $-84800.66               | $6995046.19                                |
| Month 3  | $5761711.15              | $-2401024.01                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CLEAN HARBORS, INC.                            | CLEAN HARBORS INC                   | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      4210 | NS      | $973267.80    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST               | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    188718 | NS      | $188718.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                     | AMERIPRISE FINANCIAL INC            | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2690 | NS      | $1435733.70   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES, INC.                       | IDEXX LABORATORIES INC              | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1000 | NS      | $536340.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWSERVE CORPORATION                          | FLOWSERVE CORP                      | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     11160 | NS      | $584226.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MARKETS INC.                          | TRADEWEB MARKETS INC                | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4950 | NS      | $724680.00    | 1.01%             |  |  |  | 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        |    188718 | NS      | $188718.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS, INC.                  | ALNYLAM PHARMACEUTICALS INC         | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      2790 | NS      | $909791.10    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER ENTERTAINMENT PUBLIC LIMITED COMPANY   | FLUTTER ENTERTAINMENT PLC DI        | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      2580 | NS      | $737260.80    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                    | INSPIRE MEDICAL SYSTEM INC          | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |      1570 | NS      | $203738.90    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                 | COHERENT CORP                       | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      7410 | NS      | $661046.10    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION                           | APPLOVIN CORP                       | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2050 | NS      | $717664.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORPORATION                              | HEICO CORPORATION CL A              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      3240 | NS      | $838350.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC.                                       | PTC INC                             | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      5960 | NS      | $1027146.40   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS, INC.                                 | SYNOPSYS INC                        | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1800 | NS      | $922824.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.            | TAKE TWO INTERACTIVE SOFTWARE       | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      2300 | NS      | $558555.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CURTISS-WRIGHT CORPORATION                     | CURTISS WRIGHT CORP                 | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       830 | NS      | $405496.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                         | BWX TECHNOLOGIES INC                | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      3200 | NS      | $460992.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW, INC.                               | FIVE BELOW                          | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      7000 | NS      | $918260.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL, INC.                          | COINBASE GLOBAL INC                 | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      3330 | NS      | $1167131.70   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC.                                      | MSCI INC COMMON                     | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      1560 | NS      | $899714.40    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANET FITNESS, INC.                           | PLANET FITNESS INC                  | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      6320 | NS      | $689196.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST, INC.                                    | TOAST INC                           | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     10840 | NS      | $480103.60    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORPORATION                             | ROBLOX CORP                         | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15050 | NS      | $1583260.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONET WORLDWIDE, INC.                        | EURONET WORLDWIDE INC               | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      7110 | NS      | $720811.80    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                                | DYNATRACE INC                       | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     13020 | NS      | $718834.20    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                             | VERTIV HOLDINGS CO                  | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      6240 | NS      | $801278.40    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTON STORES, INC.                        | BURLINGTON STORES INC               | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      6830 | NS      | $1588931.20   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT, INC.                                  | HUBSPOT INC                         | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      1450 | NS      | $807113.50    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                          | CHENIERE ENERGY INC                 | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      4410 | NS      | $1073923.20   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.                       | DIAMONDBACK ENERGY INC              | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      2100 | NS      | $288540.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                                   | TRIMBLE INC                         | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     16800 | NS      | $1276464.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.                       | FIRSTCASH HOLDINGS INC              | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5910 | NS      | $798677.40    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WISDOMTREE, INC.                               | WISDOMTREE INC                      | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     62820 | NS      | $723058.20    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP.                                   | VISTRA CORP                         | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      8130 | NS      | $1575675.30   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SIMPLY GOOD FOODS COMPANY                  | THE SIMPLY GOOD FOODS CO            | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13460 | NS      | $425201.40    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES, INC.                         | CHART INDUSTRIES INC                | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      2380 | NS      | $391867.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHEQUITY, INC.                             | HEALTHEQUITY INC                    | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      6410 | NS      | $671511.60    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC.                                  | WINGSTOP INC                        | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      2500 | NS      | $841850.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG, INC.                                  | DATADOG INC CLASS A                 | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      7220 | NS      | $969862.60    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                         | CYBERARK SOFTWARE LTD               | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      2390 | NS      | $972443.20    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                  | MAPLEBEAR INC                       | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15220 | NS      | $688552.80    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES, INC                            | CHAMPION HOMES INC                  | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4470 | NS      | $279866.70    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                            | ASCENDIS PHARMA A S ADR             | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | DK        |      1940 | NS      | $334844.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE & MAIN, INC.                              | CORE MAIN INC                       | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9540 | NS      | $575739.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                         | VERISK ANALYTICS INC                | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2940 | NS      | $915810.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                           | WAYSTAR HOLDING CORP                | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17952 | NS      | $733698.24    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                                 | DUTCH BROS INC                      | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10200 | NS      | $697374.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd,                             | FTAI AVIATION LTD                   | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      8380 | NS      | $964035.20    | 1.34%             |  |  |  | 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        |    188718 | NS      | $188718.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MASIMO CORPORATION                             | MASIMO CORP                         | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      4500 | NS      | $756990.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CELSIUS HOLDINGS, INC.                         | CELSIUS HOLDINGS INC                | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18230 | NS      | $845689.70    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE, INC.                               | CLOUDFLARE INC CLASS A              | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      7990 | NS      | $1564681.70   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST            | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    188718 | NS      | $188718.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                                  | ZSCALER INC                         | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      2490 | NS      | $781710.60    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.      | MACOM TECHNOLOGY SOLUTIONS HOL      | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5540 | NS      | $793826.60    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                             | VEEVA SYSTEMS INC                   | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      3310 | NS      | $953213.80    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION                         | FAIR ISAAC CORP                     | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       470 | NS      | $859141.20    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                          | QUANTA SERVICES INC                 | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1020 | NS      | $385641.60    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.                 | HILTON WORLDWIDE HOLDINGS INC       | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      2710 | NS      | $721781.40    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                     | BUILDERS FIRSTSOURCE INC            | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      3170 | NS      | $369907.30    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURCES CORPORATION                  | PERMIAN RESOURCES CORP COM          | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     35570 | NS      | $484463.40    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC.                                    | REDDIT INC                          | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3990 | NS      | $600774.30    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| WOODWARD, INC.                                 | WOODWARD INC                        | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      2870 | NS      | $703408.30    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                            | SHIFT4 PAYMENTS INC CLASS A         | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7550 | NS      | $748280.50    | 1.04%             |  |  |  | No            |                  1 | On Loan: —       |
| CARVANA CO.                                    | CARVANA CO                          | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      4120 | NS      | $1388275.20   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                                | PINTEREST INC                       | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37050 | NS      | $1328613.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY                      | MATADOR RESOURCES CO                | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      5350 | NS      | $255302.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INCORPORATED                     | MICROSTRATEGY INC CLASS A           | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1180 | NS      | $476991.40    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TRADE DESK, INC.                           | THE TRADE DESK INC CLASS A          | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     14240 | NS      | $1025137.60   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                 | MONOLITHIC POWER SYSTEMS INC        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1850 | NS      | $1353053.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                      | COMFORT SYSTEMS USA INC             | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1040 | NS      | $557658.40    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                   | CHIPOTLE MEXICAN GRILL INC          | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6470 | NS      | $363290.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA, INC.                                   | NATERA INC                          | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11310 | NS      | $1910711.40   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                                  | CENCORA INC                         | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      4490 | NS      | $1346326.50   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON, INC.                                     | AAON INC                            | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |      4740 | NS      | $349575.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| RYAN SPECIALTY HOLDINGS, INC.                  | RYAN SPECIALTY HOLDINGS INC         | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9090 | NS      | $618029.10    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE, INC.                          | AXON ENTERPRISE INC                 | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      1910 | NS      | $1581365.40   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                    | SAMSARA INC                         | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14490 | NS      | $576412.20    | 0.80%             |  |  |  | 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        |      7540 | NS      | $813038.20    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC.                          | HOWMET AEROSPACE INC                | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      7770 | NS      | $1446230.10   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                                   | DEXCOM INC                          | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      7970 | NS      | $695701.30    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA, INC.                                 | PENUMBRA INC                        | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |       820 | NS      | $210436.60    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                              | ULTA BEAUTY INC                     | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      1760 | NS      | $823363.20    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORPORATION                 | WINTRUST FINANCIAL CORP             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      6100 | NS      | $756278.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                   | ROYAL CARIBBEAN CRUISES LTD         | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      5580 | NS      | $1747321.20   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| OLLIE'S BARGAIN OUTLET HOLDINGS, INC.          | OLLIE S BARGAIN OUTLET HOLDINGS INC | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      3790 | NS      | $499446.20    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC.                    | LPL FINANCIAL HOLDINGS INC          | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      3030 | NS      | $1136159.10   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP, INC.                    | KINSALE CAPITAL GROUP INC           | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       960 | NS      | $464544.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.              | CONSTELLATION ENERGY CORP           | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      2210 | NS      | $713299.60    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| argenx SE                                      | ARGENX SE ADR                       | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             |  | CORP              | NL        |       610 | NS      | $336244.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORPORATION                            | INSULET CORP                        | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1530 | NS      | $480695.40    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer