# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-26-002354
**Filing Date:** 2026-3
**Character Count:** 73465
**Document Hash:** d5cd4b78e902b4cbe804a4219d9d7220
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-002354.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001004726-26-002354

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 26803685

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Science & Technology Fund (Formerly USAA Science & Technology Fund) (Series ID: S000012911)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000034880 | Victory Science & Technology Fund Shares  | USSCX           |
| C000220624 | Victory Science & Technology Fund Class A | USTCX           |

## 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 III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Science & Technology Fund

- **b. EDGAR series identifier (if any):** S000012911

- **c. LEI of Series:** PB3SKW3PAFSC82EVGX20

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1350806364.96

**Total Liabilities:** $9778588.95

**Net Assets:** $1341027776.01

**Cash Not Reported:** $2359540.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220624 | -2.26%               | -0.62%               | -1.68%               |
| Class ID C000034880 | -2.22%               | -0.58%               | -1.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14922765.59             | $-59270178.55                              |
| Month 2  | $8704882.99              | $-16151616.07                              |
| Month 3  | $2058963.91              | $-23502253.38                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| META PLATFORMS, INC.                               | META PLATFORMS INC                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    124746 | NS      | $89380509.00  | 6.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp.                                     | COHERENT CORP                          | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    114100 | NS      | $24209738.00  | 1.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Inspire Medical Systems Inc                        | INSPIRE MEDICAL SYSTEM INC             | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |       528 | NS      | $40011.84     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| FLEX LTD.                                          | FLEX LTD                               | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     42301 | NS      | $2666655.04   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| REVOLUTION MEDICINES, INC.                         | REVOLUTION MEDICINES INC               | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |    153589 | NS      | $14890453.55  | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| SK hynix Inc.                                      | SK HYNIX INC                           | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      8492 | NS      | $5303315.07   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| THE TRADE DESK, INC.                               | THE TRADE DESK INC CLASS A             | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     42790 | NS      | $1297820.70   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| PURE STORAGE, INC.                                 | PURE STORAGE INC                       | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     39670 | NS      | $2758651.80   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| argenx SE                                          | ARGENX SE ADR                          | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             |  | CORP              | NL        |       137 | NS      | $115148.50    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JFROG LTD                                          | JFROG LTD                              | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |    193638 | NS      | $10611362.40  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| AIRBNB, INC.                                       | AIRBNB INC CLASS A                     | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     15598 | NS      | $2017913.26   | 0.15%             |  |  |  | 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        |   2139498 | NS      | $2139497.95   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA CORPORATION                                 | NVIDIA CORP                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    768853 | NS      | $146950873.89 | 10.96%            |  |  |  | No            | 1                  | On Loan: No      |
| JAPANESE YEN                                       | JAPANESE YEN                           | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | JP        |   3036774 | NS      | $19625.01     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| LAM RESEARCH CORPORATION                           | LAM RESEARCH CORP                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    146143 | NS      | $34118544.78  | 2.54%             |  |  |  | No            | 1                  | On Loan: No      |
| UCB SA                                             | UCB SA                                 | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       530 | NS      | $161484.01    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Klaviyo Inc                                        | KLAVIYO INC                            | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    307600 | NS      | $6831796.00   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| IMPINJ, INC.                                       | IMPINJ INC                             | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     42956 | NS      | $5932223.60   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| APPLOVIN CORPORATION                               | APPLOVIN CORP                          | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     68013 | NS      | $32177630.43  | 2.40%             |  |  |  | No            | 1                  | On Loan: No      |
| DYNATRACE, INC.                                    | DYNATRACE INC                          | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    126144 | NS      | $4804824.96   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                       | ENCOMPASS HEALTH CORP                  | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |       648 | NS      | $61255.44     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| STERIS PUBLIC LIMITED COMPANY                      | STERIS PLC                             | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       376 | NS      | $98737.60     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.          | MACOM TECHNOLOGY SOLUTIONS HOL         | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142052 | NS      | $31117911.12  | 2.32%             |  |  |  | No            | 1                  | On Loan: No      |
| ACADIA HEALTHCARE COMPANY, INC.                    | ACADIA HEALTHCARE CO INC               | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      2694 | NS      | $36207.36     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| TOAST, INC.                                        | TOAST INC                              | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     76802 | NS      | $2389310.22   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| ORACLE CORPORATION                                 | ORACLE CORP                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    122469 | NS      | $20155948.02  | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| NETFLIX, INC.                                      | NETFLIX INC                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    249240 | NS      | $20809047.60  | 1.55%             |  |  |  | No            | 1                  | On Loan: No      |
| FABRINET                                           | FABRINET                               | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |     23330 | NS      | $11418635.20  | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Dyne Therapeutics Inc                              | DYNE THERAPEUTICS INC                  | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103201 | NS      | $1846265.89   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Oculis Holding AG                                  | OCULIS HOLDING AG                      | CUSIP: H5870P102<br>LEI: 5067005370C2KK324336 | Long             | EC               | CORP              | CH        |      2382 | NS      | $67767.90     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JABIL INC.                                         | JABIL INC                              | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      2652 | NS      | $629027.88    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| ABBOTT LABORATORIES                                | ABBOTT LABORATORIES                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      2861 | NS      | $312707.30    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| SERVICENOW, INC.                                   | SERVICENOW INC                         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    169415 | NS      | $19823249.15  | 1.48%             |  |  |  | No            | 1                  | On Loan: No      |
| SNOWFLAKE INC.                                     | SNOWFLAKE INC                          | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     96296 | NS      | $18556239.20  | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| DEXCOM, INC.                                       | DEXCOM INC                             | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1447 | NS      | $105688.88    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                    | UNITEDHEALTH GROUP INC                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1714 | NS      | $491798.02    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| AnaptysBio Inc                                     | ANAPTYSBIO INC                         | CUSIP: 032724106<br>LEI: 529900HH4WQT03IG1A12 | Long             | EC               | CORP              | US        |    188887 | NS      | $8955132.67   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding N.V.                                  | ASML HOLDING NV                        | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             |  | CORP              | NL        |      2367 | NS      | $3368241.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| AUTODESK, INC.                                     | AUTODESK INC                           | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     24879 | NS      | $6291152.73   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| NATERA, INC.                                       | NATERA INC                             | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     53244 | NS      | $12306818.16  | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| SWISS FRANC                                        | SWISS FRANC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CH        |      1938 | NS      | $2507.98      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| ALPHABET INC.                                      | ALPHABET INC CLASS A                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    158700 | NS      | $53640600.00  | 4.00%             |  |  |  | No            | 1                  | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                           | MOTOROLA SOLUTIONS INC                 | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      7653 | NS      | $3080638.62   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| BOSTON SCIENTIFIC CORPORATION                      | BOSTON SCIENTIFIC CORP                 | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      1644 | NS      | $153763.32    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CVS HEALTH CORPORATION                             | CVS HEALTH CORP                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      2193 | NS      | $163422.36    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| KLA CORPORATION                                    | KLA CORP                               | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5438 | NS      | $7765137.72   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| NXP Semiconductors N.V.                            | NXP SEMICONDUCTOR NV                   | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     12058 | NS      | $2726796.12   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Crinetics Pharmaceuticals Inc                      | CRINETICS PHARMACEUTICALS INC          | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |    143415 | NS      | $7162145.10   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| ASTRAZENECA PLC                                    | ASTRAZENECA PLC                        | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             |  | CORP              | GB        |      1036 | NS      | $96109.72     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| ARCUS BIOSCIENCES, INC.                            | ARCUS BIOSCIENCES INC                  | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2707 | NS      | $56955.28     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| MSILF Government Portfolio                         | MSILF GOVERNMENT-INST                  | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2139498 | NS      | $2139497.95   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| MERCK & CO., INC.                                  | MERCK CO INC                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      5520 | NS      | $608690.40    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| REDDIT INC.                                        | REDDIT INC                             | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     63887 | NS      | $11516909.49  | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| GREAT BRITISH POUND                                | GREAT BRITISH POUND                    | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |      2392 | NS      | $3272.50      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| PALO ALTO NETWORKS, INC.                           | PALO ALTO NETWORKS INC                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     15214 | NS      | $2692421.58   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ELANCO ANIMAL HEALTH INCORPORATED                  | ELANCO ANIMAL HEALTH INC               | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      2935 | NS      | $70674.80     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Absci Corp                                         | ABSCI CORP                             | CUSIP: 00091E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    363982 | NS      | $1088306.18   | 0.08%             |  |  |  | No            | 1                  | On Loan: —       |
| UNITED THERAPEUTICS CORPORATION                    | UNITED THERAPEUTICS CORP               | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       244 | NS      | $114555.56    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Apogee Therapeutics Inc                            | APOGEE THERAPEUTICS INC                | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76416 | NS      | $5006012.16   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| AMAZON.COM, INC.                                   | AMAZON COM INC                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    240293 | NS      | $57502114.90  | 4.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Trevi Therapeutics Inc                             | TREVI THERAPEUTICS INC                 | CUSIP: 89532M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2704 | NS      | $28310.88     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ABBVIE INC.                                        | ABBVIE INC                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1825 | NS      | $406993.25    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| SANDISK CORPORATION                                | SANDISK CORP DE                        | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3540 | NS      | $2039925.00   | 0.15%             |  |  |  | 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        |   2139498 | NS      | $2139497.95   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| PEGASYSTEMS INC.                                   | PEGASYSTEMS INC                        | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     76221 | NS      | $3330095.49   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| EURONET WORLDWIDE, INC.                            | EURONET WORLDWIDE INC                  | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     41820 | NS      | $3030277.20   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Maplebear Inc                                      | MAPLEBEAR INC                          | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133277 | NS      | $4952573.32   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| BIOGEN INC.                                        | BIOGEN INC                             | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       567 | NS      | $101997.63    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| APPLE INC.                                         | APPLE INC                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    110357 | NS      | $28635434.36  | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| ATHENEX INC                                        | ATHENEX INC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |   5153482 | NS      | $0.05         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| RINGCENTRAL, INC.                                  | RINGCENTRAL INC CLASS A                | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     82977 | NS      | $2147444.76   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| SAP SE                                             | SAP SE                                 | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             |  | CORP              | DE        |      9289 | NS      | $1867460.56   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| MANHATTAN ASSOCIATES, INC.                         | MANHATTAN ASSOCIATES INC               | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     10594 | NS      | $1599799.94   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| ICON PUBLIC LIMITED COMPANY                        | ICON PLC                               | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |       362 | NS      | $65250.50     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| TE CONNECTIVITY PUBLIC LIMITED COMPANY             | TE CONNECTIVITY PLC                    | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     27312 | NS      | $6084567.36   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | SEAGATE TECHNOLOGY HOLD                | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     26507 | NS      | $10806638.83  | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| FORTINET, INC.                                     | FORTINET INC                           | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     53041 | NS      | $4310111.66   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| PTC INC.                                           | PTC INC                                | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      3321 | NS      | $518507.73    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Structure Therapeutics Inc                         | STRUCTURE THERAPEUTICS INC             | CUSIP: 86366E106<br>LEI: N/A                  | Long             |  | CORP              | KY        |       757 | NS      | $66956.65     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| APPFOLIO, INC.                                     | APPFOLIO INC                           | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      9943 | NS      | $1887976.84   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| CELESTICA INC.                                     | CELESTICA INC                          | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     21644 | NS      | $6081747.56   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| ADOBE INC.                                         | ADOBE INC                              | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     14737 | NS      | $4321625.25   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| INSMED INCORPORATED                                | INSMED INC                             | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     85089 | NS      | $13347911.43  | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| NewAmsterdam Pharma Company NV                     | NEWAMSTERDAM PHARMA CO NV              | CUSIP: N62509109<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |       878 | NS      | $27323.36     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                       | CADENCE DESIGN SYSTEMS INC             | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     30611 | NS      | $9071875.96   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| QUALCOMM INCORPORATED                              | QUALCOMM INC                           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     22274 | NS      | $3376515.66   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Spyre Therapeutics Inc                             | SPYRE THERAPEUTICS INC                 | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |     77126 | NS      | $2466489.48   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Adaptive Biotechnologies Corp                      | ADAPTIVE BIOTECHNOLOGIES               | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |      1379 | NS      | $25511.50     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Arcellx Inc                                        | ARCELLX INC                            | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52168 | NS      | $3563596.08   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Olema Pharmaceuticals Inc                          | OLEMA PHARMACEUTICALS INC              | CUSIP: 68062P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    256131 | NS      | $6587689.32   | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| BIO-TECHNE CORPORATION                             | BIO TECHNE CORP                        | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      1182 | NS      | $75754.38     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| ALIGNMENT HEALTHCARE, INC.                         | ALIGNMENT HEALTHCARE INC               | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2927 | NS      | $65945.31     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ABIOMED INC CVR                                    | ABIOMED INC CVR                        | CUSIP: 003CVR016<br>LEI: N/A                  | Long             | EC               |  | US        |       145 | NS      | $147.90       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Oric Pharmaceuticals Inc                           | ORIC PHARMACEUTICALS INC               | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    360193 | NS      | $3695580.18   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| INTUITIVE SURGICAL, INC.                           | INTUITIVE SURGICAL INC                 | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       738 | NS      | $372114.36    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO                                               | EURO                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |     53606 | NS      | $63533.94     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| ATLASSIAN CORPORATION                              | ATLASSIAN CORP PLC                     | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     14440 | NS      | $1706519.20   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| PINTEREST, INC.                                    | PINTEREST INC                          | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |     56803 | NS      | $1257050.39   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| SHOPIFY INC.                                       | SHOPIFY INC                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     27000 | NS      | $3543210.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Qiagen N.V.                                        | QIAGEN NV COM                          | CUSIP: N72482156<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      1120 | NS      | $60110.40     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| MAXLINEAR, INC.                                    | MAXLINEAR INC                          | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    531773 | NS      | $9226261.55   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| EDWARDS LIFESCIENCES CORPORATION                   | EDWARDS LIFESCIENCES CORPORATION       | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      3685 | NS      | $299811.60    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| INCYTE CORPORATION                                 | INCYTE PHARMACEUTICALS INC             | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       656 | NS      | $65645.92     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| DANISH KRONER                                      | DANISH KRONER                          | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | DK        |      6822 | NS      | $1083.00      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| STRATEGY INC                                       | STRATEGY INC                           | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     13464 | NS      | $2015695.44   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| RIOT PLATFORMS, INC.                               | RIOT PLATFORMS INC                     | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    232927 | NS      | $3603380.69   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| TRIMBLE INC.                                       | TRIMBLE INC                            | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     55386 | NS      | $3744093.60   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| NUTANIX, INC.                                      | NUTANIX INC A                          | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     54975 | NS      | $2162166.75   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| CORPAY, INC.                                       | CORPAY INC                             | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      6630 | NS      | $2085996.90   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                         | PALANTIR TECHNOLOGIES INC              | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     85180 | NS      | $12486536.20  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Vaxcyte Inc                                        | VAXCYTE INC                            | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |       921 | NS      | $49337.97     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| monday.com Ltd                                     | MONDAY COM LTD                         | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     16121 | NS      | $1849884.75   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Xenon Pharmaceuticals Inc                          | XENON PHARMACEUTICALS INC              | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |      1137 | NS      | $46628.37     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| RED CAT HOLDINGS, INC.                             | RED CAT HOLDINGS INC                   | CUSIP: 75644T100<br>LEI: 5493005OGSQW28V2PY05 | Long             | EC               | CORP              | US        |    303637 | NS      | $4099099.50   | 0.31%             |  |  |  | No            | 1                  | On Loan: —       |
| APELLIS PHARMACEUTICALS, INC.                      | APELLIS PHARMACEUTICALS INC            | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |      1943 | NS      | $43872.94     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| WIX.COM LTD                                        | WIX COM LTD                            | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     46330 | NS      | $4023297.20   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Credo Technology Group Holding Ltd                 | CREDO TECHNOLOGY GROUP HOLDING LTD     | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     84413 | NS      | $10575260.64  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| JOHNSON & JOHNSON                                  | JOHNSON JOHNSON                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2360 | NS      | $536310.00    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                     | MONOLITHIC POWER SYSTEMS INC           | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     22809 | NS      | $25640737.35  | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| CARDINAL HEALTH, INC.                              | CARDINAL HEALTH INC                    | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       719 | NS      | $154498.72    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| MercadoLibre, Inc.                                 | MERCADOLIBRE INC                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       703 | NS      | $1509896.37   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| NAVAN, INC.                                        | NAVAN INC                              | CUSIP: 639193101<br>LEI: 254900RHRK35UPHTGY05 | Long             | EC               | CORP              | US        |      4900 | NS      | $56252.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: —       |
| MKS INC.                                           | MKS INC                                | CUSIP: 55306N104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14342 | NS      | $3376250.22   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| GARTNER, INC.                                      | GARTNER INC                            | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      5809 | NS      | $1217624.49   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| GODADDY INC.                                       | GODADDY INC CLASS A                    | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     22701 | NS      | $2281904.52   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Soleno Therapeutics Inc                            | SOLENO THERAPEUTICS INC                | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |      1086 | NS      | $41876.16     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CAMP4 Therapeutics Corp                            | CAMP4 THERAPEUTICS CORP                | CUSIP: 13463J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    227800 | NS      | $842860.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Nuvalent Inc                                       | NUVALENT INC                           | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       388 | NS      | $39921.32     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| AVANTOR, INC.                                      | AVANTOR INC                            | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6234 | NS      | $68075.28     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| SALESFORCE, INC.                                   | SALESFORCE INC                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     19454 | NS      | $4129889.66   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| HCI GROUP, INC.                                    | HCI GROUP INC                          | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     26010 | NS      | $4127006.70   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| BLOCK, INC.                                        | Block Inc                              | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     25622 | NS      | $1548337.46   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.       | TAIWAN SEMICONDUCTOR MANUFACTU         | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     96505 | NS      | $5337179.12   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| Zymeworks Inc                                      | ZYMEWORKS INC                          | CUSIP: 98985Y108<br>LEI: 894500AHOYAGYLYZJL67 | Long             | EC               | CORP              | US        |     82922 | NS      | $1868232.66   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| IDEAYA Biosciences Inc                             | IDEAYA BIOSCIENCES INC                 | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |    161707 | NS      | $5205348.33   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| REGENERON PHARMACEUTICALS, INC.                    | REGENERON PHARMACEUTICALS INC          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       108 | NS      | $80076.60     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Elastic N.V.                                       | ELASTIC NV                             | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |     25625 | NS      | $1689456.25   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.                         | CROWDSTRIKE HOLDINGS INC A             | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1746 | NS      | $770693.13    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Viridian Therapeutics Inc                          | VIRIDIAN THERAPEUTICS INC              | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |    250211 | NS      | $8256963.00   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Corvus Pharmaceuticals Inc                         | CORVUS PHARMACEUTICALS INC             | CUSIP: 221015100<br>LEI: 549300I3AVJ8F75NCX65 | Long             | EC               | CORP              | US        |       400 | NS      | $8280.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ROBLOX CORPORATION                                 | ROBLOX CORP                            | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |     70038 | NS      | $4605698.88   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| ZSCALER, INC.                                      | ZSCALER INC                            | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     26120 | NS      | $5224261.20   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| MASTERCARD INCORPORATED.                           | MASTERCARD INC CLASS A                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     19797 | NS      | $10666425.63  | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| IMMUNOCORE HOLDINGS PLC                            | IMMUNOCORE HOLDINGS PLC                | CUSIP: 45258D105<br>LEI: 213800IUE3DFS84BVN18 | Long             |  | CORP              | GB        |      1149 | NS      | $37399.95     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Galderma Group Ltd                                 | GALDERMA GROUP AG                      | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |       434 | NS      | $80912.85     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| CYBERARK SOFTWARE LTD.                             | CYBERARK SOFTWARE LTD                  | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     24161 | NS      | $10409283.63  | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co.,Ltd            | JIANGSU HENGRUI PHARMACEUTICALS CO LTD | CUSIP: N/A<br>LEI: 2549003BT1XS3SE3E448       | Long             | EC               | CORP              | CN        |      4318 | NS      | $37853.35     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| GitLab Inc                                         | GITLAB INC                             | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     73206 | NS      | $2560745.88   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| CENCORA, INC.                                      | CENCORA INC                            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       789 | NS      | $283424.58    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Mineralys Therapeutics Inc                         | MINERALYS THERAPEUTICS INC             | CUSIP: 603170101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       828 | NS      | $25576.92     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| SILICON MOTION TECHNOLOGY CORPORATION              | SILICON MOTION TECHNOLOGY CORP         | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             |  | CORP              | KY        |     75238 | NS      | $8948055.34   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Kymera Therapeutics Inc                            | KYMERA THERAPEUTICS INC                | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27329 | NS      | $1986545.01   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| WORKDAY, INC.                                      | WORKDAY INC                            | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     18847 | NS      | $3310098.61   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| DANAHER CORPORATION                                | DANAHER CORP                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      1478 | NS      | $323519.42    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| VARONIS SYSTEMS, INC.                              | VARONIS SYSTEMS INC                    | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    354770 | NS      | $10586336.80  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| VISA INC.                                          | VISA INC CLASS A                       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     48307 | NS      | $15546641.81  | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Expanded Tech Sector ETF                   | ISHARES EXPANDED TECH SECTOR           | CUSIP: 464287549<br>LEI: N/A                  | Long             |  | RF                | US        |     39399 | NS      | $5082077.01   | 0.38%             |  |  |  | No            | 1                  | On Loan: —       |
| DOCUSIGN, INC.                                     | DOCUSIGN INC                           | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     40217 | NS      | $2113001.18   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.                | TAKE TWO INTERACTIVE SOFTWARE          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     41005 | NS      | $9033401.50   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| CELLDEX THERAPEUTICS, INC.                         | CELLDEX THERAPEUTICS INC               | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Long             | EC               | CORP              | US        |      2222 | NS      | $54661.20     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| SEMTECH CORPORATION                                | SEMTECH CORP                           | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |    186142 | NS      | $14844824.50  | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| IONIS PHARMACEUTICALS, INC.                        | IONIS PHARMACEUTICALS INC              | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      1056 | NS      | $87299.52     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| ASCENDIS PHARMA A/S                                | ASCENDIS PHARMA A S ADR                | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             |  | CORP              | DK        |       325 | NS      | $73482.50     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| HCA HEALTHCARE, INC.                               | HCA HEALTHCARE INC                     | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       347 | NS      | $169429.69    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Pharvaris NV                                       | PHARVARIS NV                           | CUSIP: N69605108<br>LEI: 9845003BE146D3B75D32 | Long             | EC               | CORP              | NL        |      2001 | NS      | $54127.05     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                   | MEDTRONIC PLC                          | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      2788 | NS      | $287052.48    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| INTUIT INC.                                        | INTUIT INC                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     14687 | NS      | $7327638.04   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| MICROSOFT CORPORATION                              | MICROSOFT CORP                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    184729 | NS      | $79487041.41  | 5.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Heartflow Inc                                      | HEARTFLOW INC                          | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1167 | NS      | $34858.29     | 0.00%             |  |  |  | No            | 1                  | On Loan: —       |
| ELI LILLY AND COMPANY                              | ELI LILLY CO                           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     12673 | NS      | $13143801.95  | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| OPTION CARE HEALTH, INC.                           | OPTION CARE HEALTH INC                 | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |      1907 | NS      | $64838.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| BROADCOM INC.                                      | BROADCOM INC                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    112915 | NS      | $37408739.50  | 2.79%             |  |  |  | No            | 1                  | On Loan: No      |
| ELEVANCE HEALTH, INC.                              | ELEVANCE HEALTH INC                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       540 | NS      | $186699.60    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRST SOLAR, INC.                                  | FIRST SOLAR INC                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      6165 | NS      | $1390330.80   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| SYNOPSYS, INC.                                     | SYNOPSYS INC                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     28779 | NS      | $13385544.59  | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| MIRUM PHARMACEUTICALS, INC.                        | MIRUM PHARMACEUTICALS INC              | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |       558 | NS      | $57596.76     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Dianthus Therapeutics Inc                          | DIANTHUS THERAPEUTICS INC              | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               | CORP              | US        |       926 | NS      | $49439.14     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| AMPHENOL CORPORATION                               | AMPHENOL CORP CLASS A                  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     99947 | NS      | $14400363.76  | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| STRYKER CORPORATION                                | STRYKER CORP                           | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       339 | NS      | $125280.84    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| VEEVA SYSTEMS INC.                                 | VEEVA SYSTEMS INC                      | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     16295 | NS      | $3322876.40   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                       | ADVANCED MICRO DEVICES INC             | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     18769 | NS      | $4443185.37   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| FAIR ISAAC CORPORATION                             | FAIR ISAAC CORP                        | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      4878 | NS      | $7137343.26   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| ALNYLAM PHARMACEUTICALS, INC.                      | ALNYLAM PHARMACEUTICALS INC            | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       184 | NS      | $62203.04     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Protagonist Therapeutics Inc                       | PROTAGONIST THERAPEUTICS INC           | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78317 | NS      | $6406330.60   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| DROPBOX, INC.                                      | DROPBOX INC                            | CUSIP: 26210C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193182 | NS      | $4922277.36   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                         | AGILENT TECHNOLOGIES INC               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       998 | NS      | $133582.30    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| GSK PLC                                            | GSK PLC                                | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |      5454 | NS      | $141023.83    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Immunome Inc                                       | IMMUNOME INC                           | CUSIP: 45257U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1332 | NS      | $32793.84     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Twist Bioscience Corp                              | TWIST BIOSCIENCE CORP                  | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |     83568 | NS      | $3432137.76   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| MADRIGAL PHARMACEUTICALS, INC.                     | MADRIGAL PHARMACEUTICALS INC           | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |       119 | NS      | $58227.89     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Scholar Rock Holding Corp                          | SCHOLAR ROCK HOLDING CORP              | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |       749 | NS      | $33210.66     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Disc Medicine Inc                                  | DISC MEDICINE INC                      | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92321 | NS      | $7138259.72   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Aktis Oncology Inc                                 | AKTIS ONCOLOGY INC                     | CUSIP: 01021M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1240 | NS      | $25110.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PTC THERAPEUTICS, INC.                             | PTC THERAPEUTICS INC                   | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |       694 | NS      | $52417.82     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| NOVANTA INC.                                       | NOVANTA INC                            | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     42588 | NS      | $5729789.52   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| GenFleet Therapeutics (Shanghai) Inc               | GENFLEET THERAPEUTICS SHANGHAI INC     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      8600 | NS      | $33860.90     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CYTOKINETICS, INCORPORATED                         | CYTOKINETICS INC                       | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |       918 | NS      | $58008.42     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                       | BRISTOL MYERS SQUIBB CO                | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      1393 | NS      | $76684.65     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| GUARDANT HEALTH, INC.                              | GUARDANT HEALTH INC                    | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |    223234 | NS      | $25457605.36  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED                | VERTEX PHARAMACEUTICALS INC            | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     16970 | NS      | $7974203.00   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| ARISTA NETWORKS, INC.                              | ARISTA NETWORKS INC                    | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    167737 | NS      | $23775042.38  | 1.77%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO              | INVESCO GVT & AGNCY-INST               | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2139498 | NS      | $2139497.95   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED              | THERMO FISHER SCIENTIFIC INC           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       344 | NS      | $199041.84    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsara Inc                                        | SAMSARA INC                            | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90056 | NS      | $2526070.80   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| BRIDGEBIO PHARMA, INC.                             | BRIDGEBIO PHARMA INC                   | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    126149 | NS      | $9747533.23   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| CG Oncology Inc                                    | CG ONCOLOGY INC                        | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       277 | NS      | $14417.85     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer