# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041262
**Filing Date:** 2023-2
**Character Count:** 24498
**Document Hash:** 3c83e31dd0cf9380819375b80c20f205
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041262.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041262

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716
- **IRS NUMBER:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 23671062

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory RS Value Fund (Series ID: S000053562)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168336 | Class A      | RSVAX           |
| C000168337 | Class C      | RVACX           |
| C000168338 | Class R      | RSVKX           |
| C000168339 | Class Y      | RSVYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

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

  - **Street Address 1:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

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

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

- **a. Name of Series:** Victory RS Value Fund

- **b. EDGAR series identifier (if any):** S000053562

- **c. LEI of Series:** 5493003VFQCJZ7D2E402

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $295161307.59

**Total Liabilities:** $369821.04

**Net Assets:** $294791486.55

**Cash Not Reported:** $5267696.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168336 | 11.69%               | 5.63%                | -3.38%               |
| Class ID C000168338 | 11.62%               | 5.59%                | -3.42%               |
| Class ID C000168339 | 11.67%               | 5.67%                | -3.35%               |
| Class ID C000168337 | 11.61%               | 5.53%                | -3.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $642097.13               | $30434039.61                               |
| Month 2  | $2384045.45              | $13872584.25                               |
| Month 3  | $644002.06               | $-11128725.17                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cboe Global Markets, Inc.                      | CBOE GLOBAL MARKETS INC                      | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     51090 | NS      | $6410262.30   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERACTIVE BROKERS GROUP, INC.                | INTERACTIVE BROKERS GROUP INC                | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     86330 | NS      | $6245975.50   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                                   | MATTEL INC                                   | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    254730 | NS      | $4544383.20   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTER'S, INC.                                 | CARTER S INC                                 | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     44100 | NS      | $3290301.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CURTISS-WRIGHT CORPORATION                     | CURTISS WRIGHT CORP                          | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     17530 | NS      | $2927334.70   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                   | WILLIAMS COS INC                             | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     62250 | NS      | $2048025.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE ENERGY CORPORATION                  | CHESAPEAKE ENERGY CORP                       | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     24020 | NS      | $2266767.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC.                                | GLOBE LIFE INC                               | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     80180 | NS      | $9665699.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY SIRIUS XM                              | LIBERTY MEDIA CORP SIRIUS XM                 | CUSIP: 531229607<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |    129780 | NS      | $5078291.40   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL RETAIL PROPERTIES, INC.               | NATIONAL RETAIL PROPERTIES                   | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    135430 | NS      | $6197276.80   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER-HANNIFIN CORPORATION                    | PARKER HANNIFIN CORP                         | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     12130 | NS      | $3529830.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                    | L3HARRIS TECHNOLOGIES INC                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      7340 | NS      | $1528261.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORPORATION.                             | FLUOR CORP                                   | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    131760 | NS      | $4566801.60   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                   | EVERGY INC                                   | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     54480 | NS      | $3428426.40   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                                    | HUMANA INC                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     14190 | NS      | $7267976.10   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITE MOUNTAINS INSURANCE GROUP, LTD.          | WHITE MOUNTAINS INSURANCE GROUP LIMITED      | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      4210 | NS      | $5954329.30   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD WRESTLING ENTERTAINMENT, INC.            | WORLD WRESTLING ENTERTAINMENT INC            | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |     13160 | NS      | $901723.20    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN, INC.                            | BROWN BROWN INC                              | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    136450 | NS      | $7773556.50   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV, INC.                                   | FISERV INC                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     72430 | NS      | $7320500.10   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                            | TOLL BROTHERS INC                            | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     49220 | NS      | $2457062.40   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                    | PROGRESSIVE CORP                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     64470 | NS      | $8362403.70   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| IAA, INC.                                      | IAA INC                                      | CUSIP: 449253103<br>LEI: 549300PZCOPC5178W747 | Long             | EC               | CORP              | US        |     27900 | NS      | $1116000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL, INC. | CHARLES RIVER LABORATORIES INTERNATIONAL INC | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     14950 | NS      | $3257605.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC.                                   | OVINTIV INC                                  | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59410 | NS      | $3012681.10   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON OIL CORPORATION                       | MARATHON OIL CORP                            | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |    160980 | NS      | $4357728.60   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE HOLDINGS, CO.                            | CRANE HOLDINGS CO                            | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     33310 | NS      | $3345989.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                         | US FOODS HOLDING CORP                        | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    195230 | NS      | $6641724.60   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                   | ENCOMPASS HEALTH CORP                        | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    106830 | NS      | $6389502.30   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                           | BAKER HUGHES CO                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108320 | NS      | $3198689.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                               | OLIN CORP                                    | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     87910 | NS      | $4653955.40   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.              | CONSTELLATION ENERGY CORP                    | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     17690 | NS      | $1525054.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VERINT SYSTEMS INC.                            | VERINT SYSTEMS INC                           | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |    171730 | NS      | $6230364.40   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.              | EQUITY LIFESTYLE PROPERTIES INC              | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     45480 | NS      | $2938008.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PLC                             | NVENT ELECTRIC PLC                           | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     81280 | NS      | $3126841.60   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                               | AGCO CORP                                    | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     38070 | NS      | $5279928.30   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                          | KEURIG DR PEPPER INC                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    131755 | NS      | $4698383.30   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                    | HALOZYME THERAPEUTICS INC                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     78940 | NS      | $4491686.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORPORATION                                | LKQ CORPORATION                              | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     85620 | NS      | $4572964.20   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                             | TIMKEN CO                                    | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     69510 | NS      | $4912271.70   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                           | GLOBAL PAYMENTS INC                          | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     15760 | NS      | $1565283.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED             | FAIRFAX FINANCIAL HOLDINGS LTD               | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |     19780 | NS      | $11718824.49  | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORPORATION                         | SEALED AIR CORP                              | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    124040 | NS      | $6187115.20   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                              | FIRSTENERGY CORP                             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     65580 | NS      | $2750425.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS, INC.                   | ZIMMER BIOMET HOLDINGS INC                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     48500 | NS      | $6183750.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES HOLDING PLC               | SENSATA TECHNOLOGIES HOLDING                 | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |    125240 | NS      | $5057191.20   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WENDY'S COMPANY                            | WENDY S CO THE                               | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    234570 | NS      | $5308319.10   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                        | KEYCORP                                      | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    129920 | NS      | $2263206.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                       | DARDEN RESTAURANTS INC                       | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     29800 | NS      | $4122234.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corporation                             | MARKEL CORP                                  | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      6810 | NS      | $8972106.90   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES, INC.          | ALEXANDRIA REAL ESTATE EQUITIES INC          | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     43530 | NS      | $6341015.10   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES, INC.                         | FEDERATED HERMES INC                         | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    237840 | NS      | $8635970.40   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                       | STATE STREET CORP                            | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     40530 | NS      | $3143912.10   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY              | GRAPHIC PACKAGING HOLDING CO                 | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    343630 | NS      | $7645767.50   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| THE AES CORPORATION                            | AES CORP                                     | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    189110 | NS      | $5438803.60   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SPORTSWEAR COMPANY                    | COLUMBIA SPORTSWEAR COMPANY                  | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     19920 | NS      | $1744593.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP.                                   | VISTRA CORP                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    432160 | NS      | $10026112.00  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT MATERIALS, INC.                         | SUMMIT MATERIALS INC CLASS A                 | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |     95943 | NS      | $2723821.77   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC.                          | INVITATION HOMES INC                         | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |    115360 | NS      | $3419270.40   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                          | LEIDOS HOLDINGS INC                          | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     48450 | NS      | $5096455.50   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY COMMONWEALTH                            | EQUITY COMMONWEALTH                          | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |    232530 | NS      | $5806274.10   | 1.97%             |  |  |  | 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