# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041254
**Filing Date:** 2023-2
**Character Count:** 32661
**Document Hash:** 4a45c85e8bd18d65ce6c07129317b2b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041254.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041254

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716
- **IRS NUMBER:** 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:** 23671054

**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 Small Cap Growth Fund (Series ID: S000053581)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168408 | Class A      | RSEGX           |
| C000168409 | Class C      | REGWX           |
| C000168410 | Class R      | RSEKX           |
| C000168411 | Class Y      | RSYEX           |
| C000193682 | Class R6     | RSEJX           |

## 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 Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000053581

- **c. LEI of Series:** 549300S05EC1NNU8DB97

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $747563724.86

**Total Liabilities:** $9619633.68

**Net Assets:** $737944091.18

**Cash Not Reported:** $2080624.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168409 | 8.50%                | -0.91%               | -6.73%               |
| Class ID C000168410 | 8.53%                | -0.86%               | -6.72%               |
| Class ID C000193682 | 8.61%                | -0.81%               | -6.65%               |
| Class ID C000168411 | 8.61%                | -0.82%               | -6.65%               |
| Class ID C000168408 | 8.58%                | -0.84%               | -6.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8411600.37              | $66854040.52                               |
| Month 2  | $5984227.68              | $-13789610.26                              |
| Month 3  | $-30653607.69            | $-24391449.97                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIRSTCASH HOLDINGS, INC.                       | FIRSTCASH HOLDINGS INC              | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65620 | NS      | $5703034.20   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ROADHOUSE, INC.                          | TEXAS ROADHOUSE INC                 | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     63030 | NS      | $5732578.50   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH, INC.                       | OPTION CARE HEALTH INC              | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    312760 | NS      | $9410948.40   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGI INTERNATIONAL INC.                        | DIGI INTERNATIONAL INCORPORATED     | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |    162060 | NS      | $5923293.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES, INC.                         | CHART INDUSTRIES INC                | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     66789 | NS      | $7696096.47   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX FACTORY HOLDING CORP.                      | FOX FACTORY HOLDING CORP            | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     80370 | NS      | $7332155.10   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MANUFACTURING CO., INC.                | SIMPSON MANUFACTURING CO INC        | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     57890 | NS      | $5132527.40   | 0.70%             |  |  |  | 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        |    152420 | NS      | $5796532.60   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED INDUSTRIAL TECHNOLOGIES, INC.          | APPLIED INDUSTRIAL TECHNOLOGIES INC | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    108220 | NS      | $13638966.60  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOQUA WATER TECHNOLOGIES CORP.                | EVOQUA WATER TECHNOLOGIES CORP      | CUSIP: 30057T105<br>LEI: 529900YQAOMEZRGRRP43 | Long             | EC               | CORP              | US        |    500570 | NS      | $19822572.00  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP, INC.                    | KINSALE CAPITAL GROUP INC           | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     40800 | NS      | $10670016.00  | 1.45%             |  |  |  | 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        |   1644840 | NS      | $1644839.57   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                              | SPROUT SOCIAL INC                   | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    275820 | NS      | $15572797.20  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD WRESTLING ENTERTAINMENT, INC.            | WORLD WRESTLING ENTERTAINMENT INC   | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |    122100 | NS      | $8366292.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                | ACADIA HEALTHCARE CO INC            | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    193230 | NS      | $15906693.60  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Prometheus Biosciences Inc                     | PROMETHEUS BIOSCIENCES INC          | CUSIP: 74349U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34520 | NS      | $3797200.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOR HCM, INC.                               | PAYCOR HCM INC                      | CUSIP: 70435P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    429760 | NS      | $10516227.20  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc                                     | GITLAB INC                          | CUSIP: 37637K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136430 | NS      | $6199379.20   | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Shift4 Payments Inc                            | SHIFT4 PAYMENTS INC CLASS A         | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99300 | NS      | $5553849.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CALLON PETROLEUM COMPANY                       | CALLON PETROLEUM CO                 | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |     89820 | NS      | $3331423.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOCRYST PHARMACEUTICALS, INC.                 | BIOCRYST PHARMACEUTICALS INC        | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |    670610 | NS      | $7698602.80   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corp                                   | FLYWIRE CORP                        | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |    357730 | NS      | $8753653.10   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIPRECRUITER, INC.                             | ZIPRECRUITER INC                    | CUSIP: 98980B103<br>LEI: 549300HLOVNNFCY2IV80 | Long             | EC               | CORP              | US        |    633790 | NS      | $10406831.80  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVANOVA PLC                                   | LIVANOVA PLC                        | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |    153700 | NS      | $8536498.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GROCERY OUTLET HOLDING CORP.                   | GROCERY OUTLET HOLDING CORP         | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    476680 | NS      | $13914289.20  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SURGERY PARTNERS, INC.                         | SURGERY PARTNERS INC                | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |    272720 | NS      | $7597979.20   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTSHEET INC.                                | SMARTSHEET INC                      | CUSIP: 83200N103<br>LEI: 549300N9WF42OK9VL589 | Long             | EC               | CORP              | US        |     90360 | NS      | $3556569.60   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED ENERGY INDUSTRIES, INC.               | ADVANCED ENERGY INDUSTRIES INC      | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |    188180 | NS      | $16142080.40  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT MATERIALS, INC.                         | SUMMIT MATERIALS INC CLASS A        | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |    314696 | NS      | $8934219.44   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Inc                          | SHOCKWAVE MEDICAL INC               | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |     50610 | NS      | $10405922.10  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CELSIUS HOLDINGS, INC.                         | CELSIUS HOLDINGS INC                | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85340 | NS      | $8878773.60   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Equillium Inc                                  | EQUILLIUM INC                       | CUSIP: 29446K106<br>LEI: 549300OC7SSPSNNGHE64 | Long             | EC               | CORP              | US        |   1465469 | NS      | $1612015.90   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| JAMF HOLDING CORP.                             | JAMF HOLDING CORP                   | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | EC               | CORP              | US        |    180480 | NS      | $3844224.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Axonics Inc                                    | AXONICS INC                         | CUSIP: 05465P101<br>LEI: 549300LJY4X7N57VJL05 | Long             | EC               | CORP              | US        |    128060 | NS      | $8007591.80   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYA HOLDINGS INC.                             | PAYA HOLDINGS INC                   | CUSIP: 70434P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    545280 | NS      | $4291353.60   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPINJ, INC.                                   | IMPINJ INC                          | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     99080 | NS      | $10817554.40  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| VARONIS SYSTEMS, INC.                          | VARONIS SYSTEMS INC                 | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    176230 | NS      | $4218946.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST               | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1644840 | NS      | $1644839.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                            | KRYSTAL BIOTECH INC                 | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |    110820 | NS      | $8779160.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SILGAN HOLDINGS INC.                           | SILGAN HOLDINGS INC                 | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    265800 | NS      | $13779072.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                    | INSPIRE MEDICAL SYSTEM INC          | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |     64090 | NS      | $16142989.20  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS (HOLDINGS) LIMITED                         | WNS HOLDINGS LTD                    | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             |  | CORP              | JE        |    218477 | NS      | $17475975.23  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVENT CORPORATION                             | LIVENT CORP                         | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | EC               | CORP              | US        |    274720 | NS      | $5458686.40   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY                      | MATADOR RESOURCES CO                | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    170580 | NS      | $9763999.20   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC.                                  | WINGSTOP INC                        | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     67970 | NS      | $9354031.40   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA GROUP, INC.                                | PRA GROUP INC                       | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |    361700 | NS      | $12218226.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BADGER METER, INC.                             | BADGER METER INC                    | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     27140 | NS      | $2959074.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Oncology Inc                              | KURA ONCOLOGY INC                   | CUSIP: 50127T109<br>LEI: 5493005QORQTZCZYOP39 | Long             | EC               | CORP              | US        |    478200 | NS      | $5934462.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.      | MACOM TECHNOLOGY SOLUTIONS HOL      | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    388303 | NS      | $24455322.94  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHEQUITY, INC.                             | HEALTHEQUITY INC                    | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |    217490 | NS      | $13406083.60  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp                       | PROCEPT BIOROBOTICS CORP            | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58590 | NS      | $2433828.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SPORTSWEAR COMPANY                    | COLUMBIA SPORTSWEAR COMPANY         | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |    101980 | NS      | $8931408.40   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                       | RALPH LAUREN CORP                   | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     96690 | NS      | $10217232.30  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR CORP.                                      | AAR CORP                            | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |    229840 | NS      | $10319816.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SAIA, INC.                                     | SAIA INC                            | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     54350 | NS      | $11396108.00  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BELLRING BRANDS, INC.                          | BELLRING BRANDS INC                 | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    810870 | NS      | $20790706.80  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Chinook Therapeutics Inc                       | CHINOOK THERAPEUTICS INC            | CUSIP: 16961L106<br>LEI: 549300X0O3003W5QYQ48 | Long             | EC               | CORP              | US        |    383770 | NS      | $10054774.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUSHNET HOLDINGS CORP.                        | ACUSHNET HOLDINGS CORP              | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |    204480 | NS      | $8682220.80   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON, INC.                                     | AAON INC                            | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |    186520 | NS      | $14048686.40  | 1.90%             |  |  |  | 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        |    120410 | NS      | $5640004.40   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURCES CORPORATION                  | PERMIAN RESOURCES CORP COM          | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    999770 | NS      | $9397838.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                    | HALOZYME THERAPEUTICS INC           | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    185110 | NS      | $10532759.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                         | CYBERARK SOFTWARE LTD               | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     71220 | NS      | $9233673.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS INC.                  | FOCUS FINANCIAL PARTNERS INC        | CUSIP: 34417P100<br>LEI: 5493006FFJCGLZ246V12 | Long             | EC               | CORP              | US        |    144730 | NS      | $5394087.10   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                      | BOX INC CLASS A                     | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |    386600 | NS      | $12034858.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLENT HEALTH, INC.                           | EVOLENT HEALTH INC                  | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |    393040 | NS      | $11036563.20  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Marqeta Inc                                    | MARQETA INC                         | CUSIP: 57142B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    465890 | NS      | $2846587.90   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SpringWorks Therapeutics Inc                   | SPRINGWORKS THERAPEUTICS INC        | CUSIP: 85205L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    212940 | NS      | $5538569.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| E.L.F. BEAUTY, INC.                            | ELF BEAUTY INC                      | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     78580 | NS      | $4345474.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                      | AGIOS PHARMACEUTICALS INC           | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |    287530 | NS      | $8073842.40   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                                      | BRAZE INC                           | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |    107230 | NS      | $2925234.40   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| BLOOM ENERGY CORPORATION                       | BLOOM ENERGY CORP                   | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |    626430 | NS      | $11977341.60  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                            | PAYONEER GLOBAL INC                 | CUSIP: 70451X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1598570 | NS      | $8744177.90   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Replimune Group Inc                            | REPLIMUNE GROUP INC                 | CUSIP: 76029N106<br>LEI: 549300AY704NEIRC4K64 | Long             | EC               | CORP              | US        |    171440 | NS      | $4663168.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| FATE THERAPEUTICS, INC.                        | FATE THERAPEUTICS INC               | CUSIP: 31189P102<br>LEI: 549300L14Q4UHOODLA90 | Long             | EC               | CORP              | US        |    255870 | NS      | $2581728.30   | 0.35%             |  |  |  | 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        |   1644840 | NS      | $1644839.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.                    | DIGITALOCEAN HOLDINGS INC           | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |    215620 | NS      | $5491841.40   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST            | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1644840 | NS      | $1644839.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIENT CORPORATION                             | AVIENT CORP                         | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    177890 | NS      | $6005566.40   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Oil Corporation                         | RANGER OIL CORP                     | CUSIP: 70788V102<br>LEI: 5493003S4AVU6OSXB118 | Long             | EC               | CORP              | US        |    358900 | NS      | $14510327.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAN HARBORS, INC.                            | CLEAN HARBORS INC                   | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |    111720 | NS      | $12749486.40  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| APELLIS PHARMACEUTICALS, INC.                  | APELLIS PHARMACEUTICALS INC         | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |    137630 | NS      | $7116847.30   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTHEA LIMITED                                 | OPTHEA LTD SPON ADR                 | CUSIP: 68386J208<br>LEI: 549300Q5FMFDLP46SF83 | Long             |  | CORP              | AU        |    420920 | NS      | $2357152.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORPORATION                 | WINTRUST FINANCIAL CORP             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |    144190 | NS      | $12186938.80  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DENBURY INC.                                   | DENBURY INC                         | CUSIP: 24790A101<br>LEI: 549300KCWA5W52MS5559 | Long             | EC               | CORP              | US        |    172850 | NS      | $15041407.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                  | SHOALS TECHNOLOGIES GROUP INC       | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186390 | NS      | $4598241.30   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Victory Portfolios

**Signature:** Allan Shaer

**Name of Signer:** Allan Shaer

**Title:** Treasurer