# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-25-210039
**Filing Date:** 2025-8
**Character Count:** 26686
**Document Hash:** f762184d9669cf4bde7a72c158ef68e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210039.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210039

**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:** 251268209

**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 Partners Fund (Series ID: S000053561)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168333 | Class A      | RSPFX           |
| C000168334 | Class R      | RSPKX           |
| C000168335 | Class Y      | RSPYX           |
| C000219866 | Member Class | RSPMX           |
| C000244343 | Class R6     | RPPRX           |

## 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 Partners Fund

- **b. EDGAR series identifier (if any):** S000053561

- **c. LEI of Series:** 549300GYG26BSOTCMW34

**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:** $550007131.91

**Total Liabilities:** $8635903.59

**Net Assets:** $541371228.32

**Cash Not Reported:** $12610011.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219866 | -3.64%               | 3.36%                | 2.05%                |
| Class ID C000244343 | -3.62%               | 3.37%                | 2.07%                |
| Class ID C000168335 | -3.62%               | 3.34%                | 2.09%                |
| Class ID C000168334 | -3.67%               | 3.26%                | 2.05%                |
| Class ID C000168333 | -3.66%               | 3.33%                | 2.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2399150.01             | $-16534568.34                              |
| Month 2  | $-159648.86              | $16857925.99                               |
| Month 3  | $1922630.98              | $8240992.63                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COPT DEFENSE PROPERTIES                        | COPT DEFENSE PROPERTIES                 | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    129400 | NS      | $3568852.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORPORATION                      | UMB FINANCIAL CORP                      | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    143314 | NS      | $15070900.24  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENCE REALTY TRUST, INC                 | INDEPENDENCE REALTY TRUST INC           | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    402580 | NS      | $7121640.20   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONET WORLDWIDE, INC.                        | EURONET WORLDWIDE INC                   | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |    118320 | NS      | $11995281.60  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES, INC.                    | PROSPERITY BANCSHARES INC               | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    197340 | NS      | $13861161.60  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIFE RIVER CORPORATION                        | KNIFE RIVER CORP                        | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39070 | NS      | $3189674.80   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMO GROUP INC.                               | ALAMO GROUP INC                         | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     45570 | NS      | $9951576.60   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST                | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2022824 | NS      | $2022824.25   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O AMERICA                                    | H20 AMERICA                             | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    139960 | NS      | $7273721.20   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEGER HOLDINGS CORPORATION                   | INTEGER HOLDINGS CORP                   | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     37760 | NS      | $4643347.20   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP.                                      | PVH CORP                                | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     79150 | NS      | $5429690.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD.                    | AXALTA COATING SYSTEMS LTD              | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |    108130 | NS      | $3210379.70   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN SPORTS CORP.             | MADISON SQ GARDEN SPORTS                | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27260 | NS      | $5695977.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENTIAL PROPERTIES REALTY TRUST, INC.        | ESSENTIAL PROPERTIES REALTY TRUST INC   | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    244210 | NS      | $7792741.10   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HAYWARD HOLDINGS, INC.                         | HAYWARD HOLDINGS INC                    | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    449080 | NS      | $6197304.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GULFPORT ENERGY CORPORATION                    | GULFPORT ENERGY CORP                    | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     51640 | NS      | $10388418.80  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, INC.                                      | V2X INC                                 | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181570 | NS      | $8815223.50   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC.                                | GLOBE LIFE INC                          | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |    165200 | NS      | $20532708.00  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC.                                    | BELDEN INC                              | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     58050 | NS      | $6722190.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Limited                            | NOMAD FOODS LTD                         | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    622590 | NS      | $10577804.10  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDUSTRIAL CORPORATION PLC               | GATES INDUSTRIAL CORP PLC               | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    518410 | NS      | $11938982.30  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION               | CALIFORNIA RESOURCES CORP               | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     99760 | NS      | $4556039.20   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| RYERSON HOLDING CORPORATION                    | RYERSON HOLDING CORP                    | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |    306770 | NS      | $6617028.90   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| STEWART INFORMATION SERVICES CORPORATION       | STEWART INFORMATION SERVICES            | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     76680 | NS      | $4991868.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON INSURANCE GROUP, LTD.                 | HAMILTON INSURANCE GROUP LTD            | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |    251590 | NS      | $5439375.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.                       | GROUP 1 AUTOMOTIVE INC                  | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     10660 | NS      | $4655328.60   | 0.86%             |  |  |  | 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        |   2022824 | NS      | $2022824.25   | 0.37%             |  |  |  | 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        |   2022824 | NS      | $2022824.25   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI WORLDWIDE, INC.                            | ACI WORLDWIDE INC                       | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    167300 | NS      | $7680743.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATIONAL BANCORP                           | OLD NATIONAL BANCORP                    | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    770280 | NS      | $16437775.20  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNDER ARMOUR, INC.                             | UNDER ARMOUR INC CLASS C                | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    368600 | NS      | $2392214.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                     | MATSON INC                              | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     47380 | NS      | $5275763.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                   | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2022824 | NS      | $2022824.25   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GARRETT MOTION INC.                            | GARRETT MOTION INC                      | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    725400 | NS      | $7623954.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                        | BLACK HILLS CORP                        | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    200125 | NS      | $11227012.50  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                             | TIMKEN CO                               | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    115800 | NS      | $8401290.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROPERTY TRUST, INC.              | FOUR CORNERS PROPERTY TRUST INC         | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |    445740 | NS      | $11994863.40  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| F.N.B. CORPORATION                             | FNB CORP                                | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    849460 | NS      | $12385126.80  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIS BANCORP                                 | AMERIS BANCORP                          | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    246410 | NS      | $15942727.00  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ENOVIS CORPORATION                             | ENOVIS CORP                             | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    151550 | NS      | $4752608.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY              | GRAPHIC PACKAGING HOLDING CO            | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    325690 | NS      | $6862288.30   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN MACHINERY INC.                           | TITAN MACHINERY INC                     | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |    219830 | NS      | $4354832.30   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE NXT, CO.                                 | CRANE NXT CO                            | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    177400 | NS      | $9561860.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLDOC INC SERIES B PREFERRED STOCK           | WELLDOC INC SERIES B PREFERRED STOCK    | CUSIP: 928CZC900<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1587483 | NS      | $587368.71    | 0.11%             |  |  |  | No            |                  3 | On Loan: No      |
| WHITE MOUNTAINS INSURANCE GROUP, LTD.          | WHITE MOUNTAINS INSURANCE GROUP LIMITED | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      9090 | NS      | $16323094.80  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                         | US FOODS HOLDING CORP                   | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     70000 | NS      | $5390700.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc              | ATMUS FILTRATION TECHNOLOGIES INC       | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    304100 | NS      | $11075322.00  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAZER HOMES USA, INC.                         | BEAZER HOMES USA INC                    | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |    214320 | NS      | $4794338.40   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORPORATION                         | SEALED AIR CORP                         | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    370410 | NS      | $11493822.30  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE CORPORATION                         | SOUTHSTATE CORP                         | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     82460 | NS      | $7588793.80   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited     | BANK OF NT BUTTERFIELD SON LTD THE      | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    306840 | NS      | $13586875.20  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                         | ENSIGN GROUP INC THE                    | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     54710 | NS      | $8439564.60   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORPORATION                             | KEMPER CORP                             | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |    167850 | NS      | $10833039.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWARD HUGHES HOLDINGS INC.                    | HOWARD HUGHES HOLDINGS INC              | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |    119410 | NS      | $8060175.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON HOME CORPORATION               | TAYLOR MORRISON HOME CORP               | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     91070 | NS      | $5593519.40   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                   | ENCOMPASS HEALTH CORP                   | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     92500 | NS      | $11343275.00  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAINS GP HOLDINGS, L.P                        | PLAINS GP HOLDINGS LP                   | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             |  | CORP              | US        |    506070 | NS      | $9832940.10   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI HOLDINGS, INC.                            | YETI HOLDINGS INC                       | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     87270 | NS      | $2750750.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE CONSTRUCTION INCORPORATED              | GRANITE CONSTRUCTION INC                | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     66880 | NS      | $6253948.80   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CHEESECAKE FACTORY INCORPORATED            | CHEESECAKE FACTORY INCORPORATED         | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |    128710 | NS      | $8064968.60   | 1.49%             |  |  |  | No            |                  1 | On Loan: —       |
| THE ST. JOE COMPANY                            | ST JOE CO                               | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |    170680 | NS      | $8141436.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy, Inc.                              | TXNM ENERGY INC                         | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    186100 | NS      | $10481152.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF INTERNATIONAL, INC.                        | ICF INTERNATIONAL INC                   | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     83660 | NS      | $7086838.60   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMERICA, INC.                                | PRIMERICA INC                           | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     35503 | NS      | $9716106.01   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORPORATION.                             | FLUOR CORP                              | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     89010 | NS      | $4563542.70   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corporation                           | RENASANT CORP                           | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |    370430 | NS      | $13309549.90  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL AND GAS, INC.                     | NORTHERN OIL AND GAS INC                | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    279610 | NS      | $7926943.50   | 1.46%             |  |  |  | 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