# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041251
**Filing Date:** 2023-2
**Character Count:** 25406
**Document Hash:** 34bcfcf5bea9cd2259bbf1bf6fb46d20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041251.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041251

**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:** 23671050

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

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

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

## Series and Classes Contracts Data

### Victory RS Partners Fund (Series ID: S000053561)

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 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:** $349544635.24

**Total Liabilities:** $477180.39

**Net Assets:** $349067454.85

**Cash Not Reported:** $13500878.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219866 | 12.73%               | 5.74%                | -5.03%               |
| Class ID C000168335 | 12.71%               | 5.74%                | -5.01%               |
| Class ID C000168334 | 12.64%               | 5.72%                | -5.06%               |
| Class ID C000168333 | 12.68%               | 5.73%                | -5.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4261889.99              | $36093191.53                               |
| Month 2  | $2205481.42              | $17518336.12                               |
| Month 3  | $354910.67               | $-19201403.91                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WORLD WRESTLING ENTERTAINMENT, INC.          | WORLD WRESTLING ENTERTAINMENT INC       | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |     17976 | NS      | $1231715.52   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLIUM SE                               | CONSTELLIUM SE                          | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |    300220 | NS      | $3551602.60   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPORATE OFFICE PROPERTIES TRUST            | CORPORATE OFFICE PROPERTIES TRUST       | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    265310 | NS      | $6882141.40   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corporation                    | UMB FINANCIAL CORP                      | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     53182 | NS      | $4441760.64   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTER'S, INC.                               | CARTER S INC                            | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     56370 | NS      | $4205765.70   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp                                | FIRST BANCORP PUERTO RICO               | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    395710 | NS      | $5033431.20   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC ENERGY, INC.                             | PDC ENERGY INC                          | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     53060 | NS      | $3368248.80   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| H&E EQUIPMENT SERVICES, INC.                 | H E EQUIPMENT SERVICES INC              | CUSIP: 404030108<br>LEI: 254900KVLRCDMQRYY541 | Long             | EC               | CORP              | US        |    107060 | NS      | $4860524.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| IAA, INC.                                    | IAA INC                                 | CUSIP: 449253103<br>LEI: 549300PZCOPC5178W747 | Long             | EC               | CORP              | US        |     42320 | NS      | $1692800.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD.                  | AXALTA COATING SYSTEMS LTD              | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |    148970 | NS      | $3794265.90   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN SPORTS CORP.           | MADISON SQ GARDEN SPORTS                | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42980 | NS      | $7879523.40   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOMIN' BRANDS, INC.                        | BLOOMIN BRANDS INC                      | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    168910 | NS      | $3398469.20   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| VERRA MOBILITY CORPORATION                   | VERRA MOBILITY CORP                     | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |    237430 | NS      | $3283656.90   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC.                              | GLOBE LIFE INC                          | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |    106470 | NS      | $12834958.50  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC.                                  | BELDEN INC                              | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     34490 | NS      | $2479831.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                  | HALOZYME THERAPEUTICS INC               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    139360 | NS      | $7929584.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION             | CALIFORNIA RESOURCES CORP               | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     90060 | NS      | $3918510.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SPORTSWEAR COMPANY                  | COLUMBIA SPORTSWEAR COMPANY             | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     49220 | NS      | $4310687.60   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI WORLDWIDE, INC.                          | ACI WORLDWIDE INC                       | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    292720 | NS      | $6732560.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| UNDER ARMOUR, INC.                           | UNDER ARMOUR INC CLASS C                | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    540350 | NS      | $4819922.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROUP, INC.              | SELECTIVE INSURANCE GROUP INC           | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     23130 | NS      | $2049549.30   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE GAS, INC.                                | ONE GAS INC                             | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     69120 | NS      | $5233766.40   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ATKORE INC                                   | ATKORE INC                              | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     35250 | NS      | $3998055.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY COMMONWEALTH                          | EQUITY COMMONWEALTH                     | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |    341680 | NS      | $8531749.60   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WENDY'S COMPANY                          | WENDY S CO THE                          | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    168070 | NS      | $3803424.10   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANNER CORPORATION                           | BANNER CORP                             | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51620 | NS      | $3262384.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES, INC.                       | FEDERATED HERMES INC                    | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    319930 | NS      | $11616658.30  | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED INDUSTRIAL TECHNOLOGIES, INC.        | APPLIED INDUSTRIAL TECHNOLOGIES INC     | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     44500 | NS      | $5608335.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                      | BLACK HILLS CORP                        | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     78655 | NS      | $5532592.70   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                           | TIMKEN CO                               | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     54870 | NS      | $3877662.90   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROPERTY TRUST, INC.            | FOUR CORNERS PROPERTY TRUST INC         | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |    323360 | NS      | $8384724.80   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE, INC.                                 | ALLETE INC                              | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     27040 | NS      | $1744350.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER WATER PRODUCTS, INC.                 | MUELLER WATER PRODUCTS INC              | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    320980 | NS      | $3453744.80   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT PARTNERS INC.                            | PJT PARTNERS INC                        | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     84260 | NS      | $6209119.40   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| COMSTOCK RESOURCES, INC.                     | COMSTOCK RESOURCES INC                  | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |    102000 | NS      | $1398420.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT MATERIALS, INC.                       | SUMMIT MATERIALS INC CLASS A            | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |    151662 | NS      | $4305684.18   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HOWARD HUGHES CORPORATION                | HOWARD HUGHES CORP THE                  | CUSIP: 44267D107<br>LEI: 549300BVHY25JZC1KI49 | Long             | EC               | CORP              | US        |     42260 | NS      | $3229509.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY            | GRAPHIC PACKAGING HOLDING CO            | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    406230 | NS      | $9038617.50   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LIMITED                 | TRITON INTERNATIONAL LTD BER            | CUSIP: G9078F107<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     34950 | NS      | $2403861.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLDOC INC SERIES B PREFERRED STOCK         | WELLDOC INC SERIES B PREFERRED STOCK    | CUSIP: 928CZC900<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1587483 | NS      | $587368.71    | 0.17%             |  |  |  | No            |                  3 | On Loan: No      |
| KENNEDY-WILSON HOLDINGS, INC.                | KENNEDY WILSON HOLDINGS INC             | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    222760 | NS      | $3504014.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITE MOUNTAINS INSURANCE GROUP, LTD.        | WHITE MOUNTAINS INSURANCE GROUP LIMITED | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      6820 | NS      | $9645730.60   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOVUS FINANCIAL CORP.                      | SYNOVUS FINANCIAL CORP                  | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     93980 | NS      | $3528949.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                             | OLIN CORP                               | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    130320 | NS      | $6899140.80   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                       | US FOODS HOLDING CORP                   | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    245120 | NS      | $8338982.40   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHT & WONDER, INC.                         | LIGHT WONDER INC                        | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |     62490 | NS      | $3661914.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE CORPORATION                       | SOUTHSTATE CORP                         | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     90270 | NS      | $6893017.20   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF N.T. BUTTERFIELD & SON LIMITED (THE) | BANK OF NT BUTTERFIELD SON LTD THE      | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    262760 | NS      | $7832875.60   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                       | ENSIGN GROUP INC THE                    | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     77790 | NS      | $7359711.90   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MCGRATH RENTCORP                             | MCGRATH RENTCORP                        | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     22440 | NS      | $2215725.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORPORATION                           | KEMPER CORP                             | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |    228060 | NS      | $11220552.00  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON HOME CORPORATION             | TAYLOR MORRISON HOME CORP               | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    145520 | NS      | $4416532.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMVIE INC.                                  | ZIMVIE INC W I                          | CUSIP: 98888T107<br>LEI: 549300GFKURT1J6XR665 | Long             | EC               | CORP              | US        |    302880 | NS      | $2828899.20   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                 | ENCOMPASS HEALTH CORP                   | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    127350 | NS      | $7616803.50   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAINS GP HOLDINGS, L.P                      | PLAINS GP HOLDINGS LP                   | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    434550 | NS      | $5405802.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VERINT SYSTEMS INC.                          | VERINT SYSTEMS INC                      | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |    236990 | NS      | $8597997.20   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FINNING INTERNATIONAL INC.                   | FINNING INTERNATIONAL INC               | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |    161540 | NS      | $4016425.17   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFETY INSURANCE GROUP, INC.                 | SAFETY INSURANCE GROUP INC              | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |     25210 | NS      | $2124194.60   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE CONSTRUCTION INCORPORATED            | GRANITE CONSTRUCTION INC                | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |    114880 | NS      | $4028841.60   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF INTERNATIONAL, INC.                      | ICF INTERNATIONAL INC                   | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     40130 | NS      | $3974876.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMERICA, INC.                              | PRIMERICA INC                           | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     84103 | NS      | $11927487.46  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERN BANKSHARES, INC.                     | EASTERN BANKSHARES INC                  | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    437770 | NS      | $7551532.50   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORPORATION.                           | FLUOR CORP                              | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    157420 | NS      | $5456177.20   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL AND GAS, INC.                   | NORTHERN OIL AND GAS INC                | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    179980 | NS      | $5546983.60   | 1.59%             |  |  |  | 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