# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041036
**Filing Date:** 2023-2
**Character Count:** 33268
**Document Hash:** 7a7e5b356b56ca7c546f91d12887dfab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041036.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041036

**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**: 20230630

**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:** 23670826

**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 Diversified Stock Fund (Series ID: S000000787)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002333 | Class A      | SRVEX           |
| C000002336 | Class C      | VDSCX           |
| C000002337 | Class R      | GRINX           |
| C000052113 | Class I      | VDSIX           |
| C000111270 | Class Y      | VDSYX           |
| C000138365 | Class R6     | VDSRX           |

## 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 Diversified Stock Fund

- **b. EDGAR series identifier (if any):** S000000787

- **c. LEI of Series:** 549300CFL88LDPQO6O73

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

- **a. Date of fiscal year-end:** 2023-06-30

- **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:** $258324648.55

**Total Liabilities:** $4987318.83

**Net Assets:** $253337329.72

**Cash Not Reported:** $7110340.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000052113 | 9.80%                | 3.45%                | -6.41%               |
| Class ID C000138365 | 9.85%                | 3.44%                | -6.43%               |
| Class ID C000002333 | 9.80%                | 3.39%                | -6.42%               |
| Class ID C000002337 | 9.75%                | 3.45%                | -6.47%               |
| Class ID C000002336 | 9.69%                | 3.34%                | -6.48%               |
| Class ID C000111270 | 9.78%                | 3.44%                | -6.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3549110.93             | $27666111.76                               |
| Month 2  | $4816638.57              | $4153236.96                                |
| Month 3  | $-331935.04              | $-17415485.79                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Customers Bancorp, Inc.             | CUSTOMERS BANCORP INC             | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     32592 | NS      | $923657.28    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC.         | LPL FINANCIAL HOLDINGS INC        | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      5727 | NS      | $1238005.59   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger N.V.                   | SCHLUMBERGER LTD                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     57016 | NS      | $3048075.36   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                          | JABIL INC                         | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     53103 | NS      | $3621624.60   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DARLING INGREDIENTS INC.            | DARLING INGREDIENTS INC           | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     53580 | NS      | $3353572.20   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANCORP, INC.                   | BANCORP INC THE                   | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93524 | NS      | $2654211.12   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield, Inc.                    | CLEARFIELD INC                    | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |     13075 | NS      | $1230880.50   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.              | ENSIGN GROUP INC THE              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     28562 | NS      | $2702250.82   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNOLIA OIL & GAS CORPORATION      | MAGNOLIA OIL GAS CORP             | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110575 | NS      | $2592983.75   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                    | AMAZON COM INC                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     25180 | NS      | $2115120.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP COMPANY      | PERFORMANCE FOOD GROUP CO         | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     51340 | NS      | $2997742.60   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTEN TRANSPORT, LTD.              | MARTEN TRANS LTD                  | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87839 | NS      | $1737455.42   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY   | GRAPHIC PACKAGING HOLDING CO      | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109152 | NS      | $2428632.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                          | APPLE INC                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     77147 | NS      | $10023709.71  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                 | EOG RESOURCES INC                 | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     15042 | NS      | $1948239.84   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED               | QUALCOMM INC                      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     11192 | NS      | $1230448.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP, INC.       | ASBURY AUTOMOTIVE GROUP INC       | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     14869 | NS      | $2665268.25   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYLINE CHAMPION CORPORATION        | SKYLINE CHAMPION CORP             | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45608 | NS      | $2349268.08   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION          | AMERICAN TOWER CORP REIT          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      7379 | NS      | $1563314.94   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES, INC.              | CHART INDUSTRIES INC              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     15976 | NS      | $1840914.48   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED   | MICROCHIP TECHNOLOGY INC          | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     52028 | NS      | $3654967.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                | JPMORGAN CHASE CO                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     17603 | NS      | $2360562.30   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP, INC.          | SIMON PROPERTY GROUP INC          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     18609 | NS      | $2186185.32   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC.                     | GLOBE LIFE INC                    | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     23233 | NS      | $2800738.15   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                            | FABRINET                          | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |     29222 | NS      | $3746844.84   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY           | MATADOR RESOURCES CO              | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     32150 | NS      | $1840266.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORPORATION              | MCDONALD S CORP                   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      5439 | NS      | $1433339.67   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                         | PFIZER INC                        | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     64738 | NS      | $3317175.12   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION         | BANK OF AMERICA CORP              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     45236 | NS      | $1498216.32   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                    | AGCO CORP                         | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     20536 | NS      | $2848137.84   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAN HARBORS, INC.                 | CLEAN HARBORS INC                 | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     31000 | NS      | $3537720.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                       | BROADCOM INC                      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9306 | NS      | $5203263.78   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.    | PHILIP MORRIS INTERNATIONAL INC   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     38420 | NS      | $3888488.20   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD WRESTLING ENTERTAINMENT, INC. | WORLD WRESTLING ENTERTAINMENT INC | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |     46787 | NS      | $3205845.24   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORPORATION               | BRUNSWICK CORP                    | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     30343 | NS      | $2187123.44   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.          | AMERIPRISE FINANCIAL INC          | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     12213 | NS      | $3802761.81   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYTHEON TECHNOLOGIES CORPORATION   | RAYTHEON TECHNOLOGIES             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     13362 | NS      | $1348493.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.              | LOWE S COS INC                    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      7541 | NS      | $1502468.84   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT MATERIALS, INC.              | SUMMIT MATERIALS INC CLASS A      | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |     72746 | NS      | $2065258.94   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                   | ULTA BEAUTY INC                   | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      3230 | NS      | $1515096.10   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVISFIRST BANCSHARES, INC.        | SERVISFIRST BANCSHARES INC        | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43102 | NS      | $2970158.82   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.           | NEXSTAR MEDIA GROUP INC           | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     19045 | NS      | $3333446.35   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS, INC.     | REGENERON PHARMACEUTICALS INC     | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      2533 | NS      | $1827534.17   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.        | CADENCE DESIGN SYSTEMS INC        | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     24831 | NS      | $3988851.84   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON COMPANY                 | HALLIBURTON CO                    | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     94840 | NS      | $3731954.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISOURCEBERGEN CORPORATION       | AMERISOURCEBERGEN CORP            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     16490 | NS      | $2732557.90   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.          | BUILDERS FIRSTSOURCE INC          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     25677 | NS      | $1665923.76   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.             | APPLIED MATERIALS INC             | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     12110 | NS      | $1179271.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORPORATION          | MERITAGE CORPORATION              | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     15953 | NS      | $1470866.60   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                       | PEPSICO INC                       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     20419 | NS      | $3688896.54   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PUBLIC LIMITED COMPANY         | ICON PLC                          | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     17167 | NS      | $3334689.75   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.        | ADVANCED MICRO DEVICES INC        | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     22223 | NS      | $1439383.71   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                        | WALMART INC                       | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     17587 | NS      | $2493660.73   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNATURE BANK                      | SIGNATURE BANK NEW YORK NY        | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |     11952 | NS      | $1377109.44   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| VERRA MOBILITY CORPORATION          | VERRA MOBILITY CORP               | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |    159396 | NS      | $2204446.68   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                  | NVIDIA CORP                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     16783 | NS      | $2452667.62   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.           | WESCO INTERNATIONAL               | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     11528 | NS      | $1443305.60   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AXOS FINANCIAL, INC.                | AXOS FINANCIAL INC                | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     36393 | NS      | $1390940.46   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WALT DISNEY COMPANY             | WALT DISNEY CO THE                | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     15284 | NS      | $1327873.92   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                       | CHUBB LIMITED                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     20117 | NS      | $4437810.20   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.            | GROUP 1 AUTOMOTIVE INC            | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     13865 | NS      | $2500830.05   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                | MCKESSON CORP                     | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4188 | NS      | $1571002.56   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORPORATION     | WESTERN ALLIANCE BANCORP          | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     37728 | NS      | $2247079.68   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.        | CHIPOTLE MEXICAN GRILL INC        | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1810 | NS      | $2511356.90   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE, INC.     | OLD DOMINION FREIGHT LINE INC     | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      5682 | NS      | $1612437.96   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERACTIVE BROKERS GROUP, INC.     | INTERACTIVE BROKERS GROUP INC     | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     54036 | NS      | $3909504.60   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP INDUSTRIES, INC.                | UFP INDUSTRIES INC                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     33350 | NS      | $2642987.50   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.               | ARISTA NETWORKS INC               | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     20938 | NS      | $2540826.30   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORPORATION        | ON SEMICONDUCTOR CORP             | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     36304 | NS      | $2264280.48   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC.       | THERMO FISHER SCIENTIFIC INC      | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      4419 | NS      | $2433499.11   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORPORATION                 | STRYKER CORP                      | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      5359 | NS      | $1310221.91   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES, INC. | HUNTINGTON INGALLS INDUSTRIES INC | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      5882 | NS      | $1356859.76   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                           | VISA INC CLASS A                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     13217 | NS      | $2745963.92   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.            | DIAMONDBACK ENERGY INC            | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     17883 | NS      | $2446036.74   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI HOLDINGS, INC.                  | NMI HOLDINGS INC                  | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    139244 | NS      | $2910199.60   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION      | THE CHARLES SCHWAB CORP           | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     50085 | NS      | $4170077.10   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH, INC.               | ELEVANCE HEALTH INC               | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      8539 | NS      | $4380250.83   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ROADHOUSE, INC.               | TEXAS ROADHOUSE INC               | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     16143 | NS      | $1468205.85   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED     | UNITEDHEALTH GROUP INC            | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      9863 | NS      | $5229165.34   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO LOGISTICS, INC.                 | GXO LOGISTICS INC                 | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     66601 | NS      | $2843196.69   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA, INC.                         | TESLA INC                         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      8395 | NS      | $1034096.10   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                           | BOX INC CLASS A                   | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     31075 | NS      | $967364.75    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                   | MERCK CO INC                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     25054 | NS      | $2779741.30   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA CORPORATION                   | CIGNA CORP                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     12921 | NS      | $4281244.14   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP             | VALLEY NATIONAL BANCORP           | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    124630 | NS      | $1409565.30   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                      | MORGAN STANLEY                    | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     28634 | NS      | $2434462.68   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S WHOLESALE CLUB HOLDINGS, INC.  | BJ S WHOLESALE CLUB HOLDINGS INC  | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     37926 | NS      | $2509184.16   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                       | ALPHABET INC CLASS C              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     78350 | NS      | $6951995.50   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION               | MICROSOFT CORP                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     43880 | NS      | $10523301.60  | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                 | CHEVRON CORP                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26205 | NS      | $4703535.45   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust              | SPDR S P 500 ETF TRUST            | CUSIP: 78462F103<br>LEI: N/A                  | Long             |  | RF                | US        |     14479 | NS      | $5537203.97   | 2.19%             |  |  |  | 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