# EDGAR Filing Document

**Accession Number:** 0002042316
**File Stem:** 0000940400-26-012925
**Filing Date:** 2026-4
**Character Count:** 102721
**Document Hash:** d9e70a1d544f345b7ead9369f6a5423e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-012925.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0000940400-26-012925

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios IV
- **CENTRAL INDEX KEY:** 0002042316

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24019
- **FILM NUMBER:** 26827356

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** (210) 697-3624

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

## Series and Classes Contracts Data

### Victory Pioneer Equity Premium Income Fund (Series ID: S000089762)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000256505 | Class Y      | PMYRX           |
| C000256506 | Class C      | PRRCX           |
| C000256507 | Class A      | PMARX           |
| C000256508 | Class R6     | FLEKX           |

## Nport-Ex

## Victory Pioneer Equity Premium Income Fund
Schedule of Investments \| January 31, 2026

------

### Schedule of Investments \| 1/31/26
(unaudited)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Shares** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**UNAFFILIATED ISSUERS — 99.5%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Common Stocks — 46.6% of Net Assets** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense — 0.0%†** |  |
| 981(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSG NV | $35530 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Aerospace & Defense** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **35530** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Air Freight & Logistics — 1.1%** |  |
| 16501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service, Inc., Class B | $1752736 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Air Freight & Logistics** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1752736** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks — 10.3%** |  |
| 452069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco de Sabadell S.A. | $1771017 |
| 43755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizens Financial Group, Inc. | &nbsp;&nbsp; 2755690 |
| 65120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DBS Group Holdings, Ltd. | &nbsp;&nbsp; 3030504 |
| 154700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grupo Financiero Banorte S.A.B de CV, Class O | &nbsp;&nbsp; 1748917 |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Groep NV (A.D.R.) | &nbsp;&nbsp; 1175600 |
| 99600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oversea-Chinese Banking Corp., Ltd. | &nbsp;&nbsp; 1662219 |
| 70524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regions Financial Corp. | &nbsp;&nbsp; 2009934 |
| 17,852(a)+# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TCS Group Holding Plc (G.D.R.) | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 30520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | &nbsp;&nbsp; 1712477 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Banks** | &nbsp;&nbsp; **$** **15866358** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Beverages — 0.6%** |  |
| 8351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Femsa S.A.B de CV (A.D.R.) | $870926 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Beverages** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **870926** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Capital Markets — 3.8%** |  |
| 16258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | $2971963 |
| 21742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street Corp. | &nbsp;&nbsp; 2845158 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Capital Markets** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **5817121** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Staples Distribution & Retail — 0.0%** |  |
| 23,507(a)+# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magnit PJSC | &nbsp;&nbsp;$— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Consumer Staples Distribution & Retail** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **—** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Containers & Packaging — 0.5%** |  |
| 18303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amcor Plc | $809908 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Containers & Packaging** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **809908** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services — 1.3%** |  |
| 46069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications, Inc. | $2050992 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Diversified Telecommunication Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **2050992** |

---

1Victory Pioneer Equity Premium Income Fund \| 1/31/26

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Shares** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electric Utilities — 3.3%** |  |
| 36203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eversource Energy | $2502713 |
| 54170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FirstEnergy Corp. | &nbsp;&nbsp; 2564408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Electric Utilities** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **5067121** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Food Products — 2.0%** |  |
| 15648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cal-Maine Foods, Inc. | $1307077 |
| 1500500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WH Group, Ltd. (144A) | &nbsp;&nbsp; 1763238 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Food Products** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3070315** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Restaurants & Leisure — 0.5%** |  |
| 54886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brightstar Lottery Plc | $794749 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Hotels, Restaurants & Leisure** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **794749** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Insurance — 3.5%** |  |
| 38462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASR Nederland NV | $2789253 |
| 308319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aviva Plc | &nbsp;&nbsp; 2682366 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Insurance** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **5471619** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**IT Services — 2.0%** |  |
| 9825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corp. | $3013328 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total IT Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3013328** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Marine Transportation — 0.8%** |  |
| 55231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Star Bulk Carriers Corp. | $1267552 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Marine Transportation** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1267552** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Metals & Mining — 1.2%** |  |
| 19475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rio Tinto Plc (A.D.R.) | $1772809 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Metals & Mining** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1772809** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Mortgage Real Estate Investment Trusts (REITs)<br> — 2.1%** |  |
| 144584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGNC Investment Corp. | $1648258 |
| 297974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redwood Trust, Inc. | &nbsp;&nbsp; 1632897 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Mortgage Real Estate Investment Trusts (REITs)** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3281155** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Multi-Utilities — 1.6%** |  |
| 41915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dominion Energy, Inc. | $2522026 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Multi-Utilities** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **2522026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Office REITs — 2.2%** |  |
| 17830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BXP, Inc. | $1153066 |
| 49452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cousins Properties, Inc. | &nbsp;&nbsp; 1248169 |
| 90449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Emmett, Inc. | &nbsp;&nbsp; 955141 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Office REITs** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3356376** |

---

Victory Pioneer Equity Premium Income Fund \| 1/31/262

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Shares** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels — 4.0%** |  |
| 59077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP Plc (A.D.R.) | $2237837 |
| 40298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BW LPG, Ltd. (144A) | &nbsp;&nbsp; 635194 |
| 58189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BW LPG, Ltd. (144A) | &nbsp;&nbsp; 910076 |
| 10021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chord Energy Corp. | &nbsp;&nbsp; 1004505 |
| 26700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enbridge, Inc. | &nbsp;&nbsp; 1304028 |
| 45,047(a)+# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LUKOIL PJSC | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Oil, Gas & Consumable Fuels** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **6091640** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Pharmaceuticals — 2.0%** |  |
| 30900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb Co. | $1701045 |
| 53214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pfizer, Inc. | &nbsp;&nbsp; 1406978 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Pharmaceuticals** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3108023** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Management & Development — 1.6%** |  |
| 1666000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sino Land Co., Ltd. | $2512190 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Real Estate Management & Development** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **2512190** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tobacco — 2.2%** |  |
| 31257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria Group, Inc. | $1937621 |
| 8100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International, Inc. | &nbsp;&nbsp; 1453464 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Tobacco** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3391085** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (Cost $62,606,682)** | &nbsp;&nbsp; **$** **71923559** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Preferred Stock — 0.0%† of Net Assets** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Management & Development — 0.0%†** |  |
| 204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wheeler Real Estate Investment Trust, Inc. | $47379 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Real Estate Management & Development** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **47379** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Preferred Stock<br> (Cost $167,705)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **47379** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Foreign Government Bond — 0.0% of<br> Net Assets** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Russia — 0.0%** |  |
| RUB230,742,000(b)+# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Russian Federal Bond - OFZ, 8.150%, 2/3/27 | $— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Russia** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **—** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Foreign Government Bond<br> (Cost $3,129,498)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **—** |

---

3Victory Pioneer Equity Premium Income Fund \| 1/31/26

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Equity Linked Notes — 52.9% of Net<br> Assets** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense — 2.6%** |  |
| 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hsbc Bank Plc (AeroVironment, Inc.), 18.50%, 9/8/26 | $851725 |
| 12700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Kratos Defense & Security Solutions, Inc.), 19.00%, 9/8/26 | &nbsp;&nbsp; 942721 |
| 24600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Embraer S.A.), 14.13%, 2/10/26 | &nbsp;&nbsp; 1107694 |
| 20900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Embraer SA), 13.46%, 6/8/26 | &nbsp;&nbsp; 1078801 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Aerospace & Defense** | &nbsp;&nbsp;&nbsp;&nbsp; **$3980941** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Apparel Manufacturing — 0.7%** |  |
| 83700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (V.F. Corp.), 22.05%, 7/9/26 | $1133614 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Apparel Manufacturing** | &nbsp;&nbsp;&nbsp;&nbsp; **$1133614** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Apparel Retail — 0.8%** |  |
| 900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America NA (Lululemon Athletica In), 13.63%, 4/7/26 | $166698 |
| 18100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Victoria S Secret Co.), 21.64%, 1/22/27 (144A) | &nbsp;&nbsp; 1068986 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Apparel Retail** | &nbsp;&nbsp;&nbsp;&nbsp; **$1235684** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks — 9.4%** |  |
| 11,400(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Montreal (Qnity Electronics, Inc.), 16.22%, 2/8/27 | $1096452 |
| 15100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperal (Cameco Corp.), 19.25%, 11/19/26 | &nbsp;&nbsp; 1546923 |
| 60400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperal (First Watch Restaurant Group, Inc.), 17.00%, 12/10/26 | &nbsp;&nbsp; 1011011 |
| 128500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperal (Mobileye Global, Inc.), 19.50%, 12/4/26 | &nbsp;&nbsp; 1267691 |
| 26700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperal (Trex Company, Inc.), 16.20%, 1/26/27 | &nbsp;&nbsp; 1129554 |
| 4100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Broadcom Ltd), 16.92%, 11/19/26 (144A) | &nbsp;&nbsp; 1399883 |
| 74600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Fmc Corp.), 24.18%, 1/22/27 (144A) | &nbsp;&nbsp; 1208520 |
| 2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Paypal Holdings, Inc.), 14.42%, 11/12/26 (144A) | &nbsp;&nbsp; 175262 |
| 26200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto Dominion Bank (Celsius Holdings, Inc.), 19.81%, 12/15/26 | &nbsp;&nbsp; 1202711 |
| 7400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Micron Technology, Inc.), 17.00%, 10/9/26 (144A) | &nbsp;&nbsp; 1350092 |

---

Victory Pioneer Equity Premium Income Fund \| 1/31/264

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks — (continued)** |  |
| 10300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Ovintiv, Inc.), 13.39%, 9/18/26 (144A) | $434815 |
| 18900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (BILL Holdings, Inc.), 17.75%, 9/21/26 | &nbsp;&nbsp; 874975 |
| 13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Celsius Holdings, Inc.), 19.29%, 10/9/26 | &nbsp;&nbsp; 705835 |
| 41400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Ultra Clean Holdings, Inc.), 17.95%, 9/21/26 | &nbsp;&nbsp; 1116351 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Banks** | &nbsp;&nbsp; **$14520075** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Basic Materials — 2.5%** |  |
| 16500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America (Newmont Corp.), 12.84%, 6/24/26 | $1010312 |
| 21,100(c)+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup (Critical Metals Corp.), 76.02%, 4/30/26 | &nbsp;&nbsp; 324096 |
| 22200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup (Usa Rare Earth, Inc.), 85.15%, 2/2/26 (144A) | &nbsp;&nbsp; 474594 |
| 35300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Barrick Mining Corp.), 15.00%, 11/2/26 | &nbsp;&nbsp; 1200239 |
| 231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (B2Gold Corp.), 17.01%, 4/30/26 (144A) | &nbsp;&nbsp; 864887 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Basic Materials** | &nbsp;&nbsp;&nbsp;&nbsp; **$3874128** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Building Materials — 0.5%** |  |
| 34800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (James Hardie Industries plc), 13.37%, 9/4/26 (144A) | $729408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Building Materials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$729408** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Chemicals — 0.2%** |  |
| 5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce (Celanese Corp.), 18.15%, 3/16/26 | $251831 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Chemicals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$251831** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Computer Hardware — 1.8%** |  |
| 4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Dell Technologies), 17.27%, 10/26/26 | $627792 |
| 17600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman Lp (Pure Storage, Inc.), 16.21%, 9/4/26 | &nbsp;&nbsp; 1050861 |
| 17800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Pure Storage, Inc.), 16.47%, 5/28/26 | &nbsp;&nbsp; 1042012 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Computer Hardware** | &nbsp;&nbsp;&nbsp;&nbsp; **$2720665** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Construction & Engineering — 0.6%** |  |
| 800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Mastec, Inc.), 15.42%, 10/26/26 | $174392 |
| 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Mastec, Inc.), 14.81%, 12/11/26 | &nbsp;&nbsp; 786835 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Construction & Engineering** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$961227** |

---

5Victory Pioneer Equity Premium Income Fund \| 1/31/26

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** |  |
| 35,600(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America (Draftkings, Inc.), 2/1/27 | $1045038 |
| 29100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America (Draftkings, Inc.), 21.30%, 4/7/26 | &nbsp;&nbsp; 828768 |
| 25400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Vital Farms, Inc.), 17.11%, 5/19/26 | &nbsp;&nbsp; 722376 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary** | &nbsp;&nbsp;&nbsp;&nbsp; **$2596182** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Containers & Packaging — 0.7%** |  |
| 54300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (The Simply Goods Food Co.), 12.83%, 1/27/27 | $1056678 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Containers & Packaging** | &nbsp;&nbsp;&nbsp;&nbsp; **$1056678** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Credit Services — 1.0%** |  |
| 15,800(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Affirm Holdings, Inc.), 1/26/27 | $1057573 |
| 8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo Bank NA (PayPal Holdings, Inc.), 11.86%, 3/5/26 | &nbsp;&nbsp; 432480 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Credit Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$1490053** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Discount Stores — 1.3%** |  |
| 11700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Montreal (Dollar General Corp.), 15.21%, 4/9/26 | $1123036 |
| 8800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (BJ's Wholesale Club), 10.68%, 3/13/26 | &nbsp;&nbsp; 825000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Discount Stores** | &nbsp;&nbsp;&nbsp;&nbsp; **$1948036** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electrical Equipment — 0.7%** |  |
| 40100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets (Bloom Energy Corp.), 20.77%, 7/9/26 | $1144294 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Electrical Equipment** | &nbsp;&nbsp;&nbsp;&nbsp; **$1144294** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electrical Equipment & Parts — 1.4%** |  |
| 9600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Vertiv Holdings Co.), 20.37%, 5/28/26 (144A) | $1101594 |
| 8200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Vertiv Holdings Co.), 18.64%, 7/27/26 | &nbsp;&nbsp; 1124712 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Electrical Equipment & Parts** | &nbsp;&nbsp;&nbsp;&nbsp; **$2226306** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Energy Equipment & Services — 2.0%** |  |
| 20100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs International (Cameco Corp.), 14.90%, 2/20/26 | $1110081 |
| 68900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Energy Fuels, Inc.), 22.50%, 8/21/26 | &nbsp;&nbsp; 827489 |
| 13200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Centrus Energy Co.), 22.38%, 4/28/26 (144A) | &nbsp;&nbsp; 1152116 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Energy Equipment & Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$3089686** |

---

Victory Pioneer Equity Premium Income Fund \| 1/31/266

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Entertainment — 0.7%** |  |
| 13,400(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America (Netflix, Inc.), 2/1/27 | $1109989 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Entertainment** | &nbsp;&nbsp;&nbsp;&nbsp; **$1109989** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services — 0.8%** |  |
| 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Coinbase Global, Inc.), 18.37%, 6/25/26 | $333360 |
| 25200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Manpowergroup, Inc.), 13.92%, 6/12/26 | &nbsp;&nbsp; 909972 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Financial Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$1243332** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Footwear & Accessories — 1.6%** |  |
| 15400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (On Holding AG), 16.23%, 12/17/26 (144A) | $700700 |
| 20600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce (On Holding AG), 15.25%, 3/13/26 | &nbsp;&nbsp; 922223 |
| 9900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Crocs, Inc.), 14.76%, 8/6/26 | &nbsp;&nbsp; 869616 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Footwear & Accessories** | &nbsp;&nbsp;&nbsp;&nbsp; **$2492539** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Furnishings, Fixtures & Appliances — 0.9%** |  |
| 5300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (SharkNinja, Inc.), 14.07%, 2/27/26 | $603352 |
| 9500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Whirlpool Corp.), 18.92%, 3/20/26 (144A) | &nbsp;&nbsp; 757530 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Furnishings, Fixtures & Appliances** | &nbsp;&nbsp;&nbsp;&nbsp; **$1360882** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Gold — 0.5%** |  |
| 19,200(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hsbc Bank Plc (Barrick Mining Corp.), 12/4/26 | $790752 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Gold** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$790752** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Healthcare-Services — 0.8%** |  |
| 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Humana, Inc.), 13.62%, 8/10/26 | $570584 |
| 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets (Newamsterdam Pharma Company N.V.), 19.56%, 10/20/26 | &nbsp;&nbsp; 141289 |
| 37300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Phreesia, Inc.), 15.91%, 8/21/26 | &nbsp;&nbsp; 579269 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Healthcare-Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$1291142** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Restaurants & Leisure — 0.5%** |  |
| 15100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup (Kura Sushi Usa, Inc.), 15.71%, 12/10/26 (144A) | $816664 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Hotels, Restaurants & Leisure** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$816664** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Household & Personal Products — 1.2%** |  |
| 7800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Elf Beauty, Inc.), 17.46%, 7/9/26 (144A) | $732654 |

---

7Victory Pioneer Equity Premium Income Fund \| 1/31/26

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Household & Personal Products — (continued)** |  |
| 9200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Elf Beauty, Inc.), 21.81%, 3/13/26 | $680800 |
| 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo Bank NA (Hims & Hers Health, Inc.), 33.00%, 5/8/26 | &nbsp;&nbsp; 466720 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Household & Personal Products** | &nbsp;&nbsp;&nbsp;&nbsp; **$1880174** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Internet — 1.2%** |  |
| 17400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Etsy, Inc.), 15.05%, 5/19/26 (144A) | $849990 |
| 4400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Doordash, Inc.), 14.12%, 7/2/26 | &nbsp;&nbsp; 923604 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Internet** | &nbsp;&nbsp;&nbsp;&nbsp; **$1773594** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Internet Content & Information — 0.7%** |  |
| 30200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage Finance (Pinterest, Inc.), 16.40%, 2/10/26 (144A) | $675725 |
| 14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Pinterest, Inc.), 15.18%, 10/13/26 | &nbsp;&nbsp; 351540 |
| 4400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Stubhub Holdings, Inc.), 34.45%, 10/16/26 | &nbsp;&nbsp; 68068 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Internet Content & Information** | &nbsp;&nbsp;&nbsp;&nbsp; **$1095333** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Leisure Products — 0.7%** |  |
| 27700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Yeti Holdings, Inc.), 15.32%, 8/3/26 (144A) | $1145395 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Leisure Products** | &nbsp;&nbsp;&nbsp;&nbsp; **$1145395** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Office REITs — 0.5%** |  |
| 15500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Sl Green Realty Corp.), 14.00%, 7/2/26 | $715712 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Office REITs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$715712** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rental & Leasing Services — 0.2%** |  |
| 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (United Rentals), 15.02%, 4/16/26 | $244966 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Rental & Leasing Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$244966** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment —<br> 7.2%** |  |
| 9700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America (Advanced Micro Devices, Inc.), 16.06%, 5/19/26 | $1096147 |
| 6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Montreal (Nvidia Corp.), 16.60%, 4/13/26 | &nbsp;&nbsp; 804481 |
| 3800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Broadcom, Inc.), 15.20%, 10/9/26 (144A) | &nbsp;&nbsp; 1218280 |
| 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Broadcom, Inc.), 15.65%, 6/12/26 (144A) | &nbsp;&nbsp; 1106880 |
| 15400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Microchip Technology, Inc.), 16.00%, 3/11/26 (144A) | &nbsp;&nbsp; 994301 |

---

Victory Pioneer Equity Premium Income Fund \| 1/31/268

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment —<br> (continued)** |  |
| 5200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Nvidia Corp.), 17.21%, 4/10/26 (144A) | $623843 |
| 1,600(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Advanced Micro Devices, Inc.), 10/20/26 | &nbsp;&nbsp; 368792 |
| 13,300(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Ambarella, Inc.), 11/16/26 | &nbsp;&nbsp; 965979 |
| 11,900(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Marvell Technology, Inc.), 1/22/27 | &nbsp;&nbsp; 968422 |
| 11,100(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Microchip Technology, Inc.), 12/17/26 | &nbsp;&nbsp; 766455 |
| 1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets (Advanced Micro Devices, Inc.), 18.09%, 10/16/26 | &nbsp;&nbsp; 366691 |
| 3,400(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets (Applied Materials, Inc.), 17.01%, 2/8/27 | &nbsp;&nbsp; 1105882 |
| 9400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Axcelis Technologies, Inc.), 16.95%, 8/6/26 | &nbsp;&nbsp; 731790 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Semiconductors & Semiconductor Equipment** | &nbsp;&nbsp; **$11117943** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software — 1.3%** |  |
| 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America (Adobe, Inc.), 11.88%, 9/18/26 | $370458 |
| 62100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Lyft, Inc.), 18.79%, 9/4/26 | &nbsp;&nbsp; 1019061 |
| 5100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Shopify, Inc.), 17.43%, 10/9/26 | &nbsp;&nbsp; 669273 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Software** | &nbsp;&nbsp;&nbsp;&nbsp; **$2058792** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software - Infrastructure — 2.3%** |  |
| 19800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Affirm Holdings, Inc.), 21.26%, 6/8/26 (144A) | $1102860 |
| 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup (Twilio, Inc.), 16.72%, 9/24/26 (144A) | &nbsp;&nbsp; 750330 |
| 3800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Oracle Corp.), 12.90%, 3/23/26 | &nbsp;&nbsp; 579614 |
| 32200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Toast, Inc.), 16.63%, 1/26/27 | &nbsp;&nbsp; 1049076 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Software - Infrastructure** | &nbsp;&nbsp;&nbsp;&nbsp; **$3481880** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Speciality Industrial Machinery — 1.4%** |  |
| 6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage Finance (Generac Holdings, Inc.), 13.00%, 2/10/26 (144A) | $1073457 |
| 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Chart Industries, Inc.), 14.93%, 2/20/26 | &nbsp;&nbsp; 1048175 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Speciality Industrial Machinery** | &nbsp;&nbsp;&nbsp;&nbsp; **$2121632** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Specialty Industrial Machinery — 0.5%** |  |
| 5100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets (Regal Rexnord Corp.), 15.64%, 12/11/26 | $773476 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Specialty Industrial Machinery** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$773476** |

---

9Victory Pioneer Equity Premium Income Fund \| 1/31/26

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Wireless Telecommunication Services — 2.0%** |  |
| 8,200(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Micron Technology, Inc.), 8/21/26 (144A) | $1142541 |
| 7300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs (Five Below, Inc.), 15.23%, 10/22/26 | &nbsp;&nbsp; 1180775 |
| 34500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs (Usa Rare Earth, Inc.), 43.86%, 11/6/26 | &nbsp;&nbsp; 736920 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Wireless Telecommunication Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$3060236** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Equity Linked Notes<br> (Cost $82,478,561)** | &nbsp;&nbsp; **$81533241** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 99.5%<br> (Cost $148,382,446)** | **$153504179** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS AND LIABILITIES — 0.5%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $738711 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**net assets — 100.0%** | **$154242890** |

---

---

| | |
|:---|:---|
| (A.D.R.) | &nbsp;&nbsp;American Depositary Receipts. |
| (G.D.R.) | &nbsp;&nbsp;Global Depositary Receipts. |
| (144A) | &nbsp;&nbsp;The resale of such security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $24,068,092, or 15.6% of net assets. |

---

---

| | |
|:---|:---|
| (a) | &nbsp;&nbsp;Non-income producing security. |
| (b) | &nbsp;&nbsp;Security is in default. |
| (c) | &nbsp;&nbsp;Securities purchased on a when-issued basis. Rates do not take effect until settlement date. |
| (d) | &nbsp;&nbsp;Security issued with a zero coupon. Income is recognized through accretion of discount. |
| + | &nbsp;&nbsp;Security is valued using significant unobservable inputs (Level 3). |
| † | &nbsp;&nbsp;Amount rounds to less than 0.1%. |
| # | &nbsp;&nbsp;Securities are restricted as to resale. |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Restricted Securities** | **Acquisition date** | &nbsp;&nbsp;&nbsp;&nbsp;**Cost** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;LUKOIL PJSC | 8/11/2021 | &nbsp;&nbsp;&nbsp;&nbsp;$3941439 | &nbsp;&nbsp;&nbsp;&nbsp;$— |
| &nbsp;&nbsp;Magnit PJSC | 12/1/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1791726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Russian Federal Bond - OFZ | 10/7/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3129498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;TCS Group Holding Plc (G.D.R.) | 8/27/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1517792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;**Total Restricted Securities** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$— |
| &nbsp;&nbsp;**% of Net assets** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.0% |

---

Victory Pioneer Equity Premium Income Fund \| 1/31/2610

------

(unaudited) (continued)

Principal amounts are denominated in U.S. dollars ("USD") unless otherwise noted.

RUB — Russian Ruble

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels below.

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1 – unadjusted quoted prices in active markets for identical securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 3 – significant unobservable inputs (including the Adviser's own assumptions in determining fair value of investments). |

---

The following is a summary of the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Banks | $15866358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$—\* | &nbsp;&nbsp;$15866358 |
| &nbsp;&nbsp;&nbsp;Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—\* |
| &nbsp;&nbsp;&nbsp;Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp;&nbsp;6091640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6091640 |
| &nbsp;&nbsp;&nbsp;All Other Common Stocks | &nbsp;&nbsp;&nbsp;49965561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;49965561 |
| Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47379 |
| Foreign Government Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—\* |
| Equity Linked Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;3550032 | &nbsp;&nbsp;&nbsp;&nbsp;324096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3874128 |
| &nbsp;&nbsp;&nbsp;All Other Equity Linked Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;77659113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;77659113 |
| **Total Investments in Securities** | **$71923559** | &nbsp;&nbsp;**$81256524** | &nbsp;&nbsp;**$324,096\*** | &nbsp;&nbsp;**$153504179** |

---

\* Securities valued at $0.

During the period ended January 31, 2026, there were no transfers in or out of Level 3.

11Victory Pioneer Equity Premium Income Fund \| 1/31/26

## 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 IV

- **b. Investment Company Act file number:** 811-24019

- **c. CIK number of Registrant:** 0002042316

- **d. LEI of Registrant:** 25490054DPU07WNNLY79

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

  - **Street Address 1:** 15935 LA CANTERA PARKWAY

  - **City:** SAN ANTONIO

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 210-697-3624

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

- **a. Name of Series:** Victory Pioneer Equity Premium Income Fund

- **b. EDGAR series identifier (if any):** S000089762

- **c. LEI of Series:** J2DQS8666XH9H6F3DX14

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $159974207.43

**Total Liabilities:** $6813004.16

**Net Assets:** $153161203.27

**Cash Not Reported:** $1408870.05

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** -1.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256505 | 1.26%                | 1.73%                | 2.49%                |
| Class ID C000256506 | 1.10%                | 1.67%                | 2.45%                |
| Class ID C000256507 | 1.24%                | 1.63%                | 2.56%                |
| Class ID C000256508 | 1.26%                | 1.65%                | 2.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1546854.31              | $-834687.14                                |
| Month 2  | $-493672.34              | $1657168.47                                |
| Month 3  | $-753026.05              | $3334075.70                                |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CSG NV                                 | CSG NV                                                                           | CUSIP: 000000000<br>LEI: 31570078IM9ILNPQUB16 | Long             | EC               | CORP              | CZ        |       981 | NS      | $35530.22     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      9200 | PA      | $680800.00    | 0.44%             | 2026-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TCS Group Holding PLC                  | TCS Group Holding PLC                                                            | CUSIP: 87238U203<br>LEI: 549300XQRN9MR54V1W18 | Long             | EC               | CORP              | RU        |     17852 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Morgan Stanley                         | Morgan Stanley                                                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     16258 | NS      | $2971962.40   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC             | MS FINANCE II - PINTEREST INC 16.4 02 1                                          | CUSIP: 61772E172<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |     30200 | PA      | $675725.00    | 0.44%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SP                           | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     11100 | PA      | $766455.00    | 0.50%             | 2026-12-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA - DRAFTKINGS INC 18.85 | BANK OF AMERICA - DRAFTKINGS INC 18.85                                           | CUSIP: 000000000<br>LEI: 549300CGZYSEY3ZSIW16 | Long             | DBT              | CORP              | US        |     35600 | PA      | $1045038.00   | 0.68%             | 2027-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redwood Trust Inc                      | Redwood Trust Inc                                                                | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    297974 | NS      | $1632897.52   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     19200 | PA      | $790752.00    | 0.52%             | 2026-12-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WHEELER REIT INC /PREF/ /REST/         | WHEELER REIT INC /PREF/ /REST/                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       204 | NS      | $47379.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |      3500 | PA      | $851725.00    | 0.56%             | 2026-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                  | Toronto-Dominion Bank/The                                                        | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     13000 | PA      | $705835.00    | 0.46%             | 2026-10-09      | Fixed         | 19.29%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     15500 | PA      | $715712.50    | 0.47%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                                               | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    128500 | PA      | $1267691.05   | 0.83%             | 2026-12-04      | Fixed         | 19.50%                | No            |                  2 | On Loan: No      |
| WH Group Ltd                           | WH Group Ltd                                                                     | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | HK        |   1500500 | NS      | $1763237.80   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X872<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      8000 | PA      | $432480.00    | 0.28%             | 2026-03-05      | Fixed         | 11.86%                | No            |                  2 | On Loan: No      |
| Cal-Maine Foods Inc                    | Cal-Maine Foods Inc                                                              | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     15648 | NS      | $1307077.44   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH INTL CO CV               | Merrill Lynch International & Co CV                                              | CUSIP: 000000000<br>LEI: AHYI0DDQ2LCHPGHJC422 | Long             | DBT              | CORP              | CW        |     29100 | PA      | $828768.00    | 0.54%             | 2026-04-07      | Fixed         | 21.30%                | No            |                  2 | On Loan: No      |
| Chord Energy Corp                      | Chord Energy Corp                                                                | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     10021 | NS      | $1004505.04   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     13200 | PA      | $1152115.80   | 0.75%             | 2026-04-28      | Fixed         | 22.38%                | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                                               | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     15100 | PA      | $1546922.52   | 1.01%             | 2026-11-19      | Fixed         | 19.25%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     27700 | PA      | $1145395.00   | 0.75%             | 2026-08-03      | Fixed         | 15.32%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95005A888<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     32200 | PA      | $1049076.00   | 0.68%             | 2027-01-26      | Fixed         | 16.63%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     62100 | PA      | $1019061.00   | 0.67%             | 2026-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |      2800 | PA      | $570584.00    | 0.37%             | 2026-08-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      4000 | PA      | $1106880.00   | 0.72%             | 2026-06-12      | Fixed         | 15.65%                | No            |                  2 | On Loan: No      |
| Magnit PJSC                            | Magnit PJSC                                                                      | CUSIP: 000000000<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |     23507 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BANK OF MONTREAL                       | Bank of Montreal                                                                 | CUSIP: 06370D647<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     11400 | PA      | $1096452.00   | 0.72%             | 2027-02-08      | Fixed         | 16.22%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                 | Goldman Sachs Bank USA/New York NY                                               | CUSIP: 38152A186<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |      7300 | PA      | $1180775.00   | 0.77%             | 2026-10-22      | Fixed         | 15.23%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      2900 | PA      | $175261.50    | 0.11%             | 2026-11-12      | Fixed         | 14.42%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     35300 | PA      | $1200239.18   | 0.78%             | 2026-11-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     22200 | PA      | $474593.82    | 0.31%             | 2026-02-02      | Fixed         | 85.15%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |      1600 | PA      | $368792.00    | 0.24%             | 2026-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIO               | Goldman Sachs International                                                      | CUSIP: 38149C436<br>LEI: W22LROWP2IHZNBB6K528 | Long             | DBT              | CORP              | GB        |     20100 | PA      | $1110081.19   | 0.72%             | 2026-02-20      | Fixed         | 14.90%                | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The              | TORONTO DOMINION - EMBRAER SA 14.13 02                                           | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     24600 | PA      | $1107693.72   | 0.72%             | 2026-02-10      | Fixed         | 14.13%                | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                | Bristol-Myers Squibb Co                                                          | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     30900 | NS      | $1701045.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95004P605<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     37300 | PA      | $579269.00    | 0.38%             | 2026-08-21      | Fixed         | 15.91%                | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                       | Bank of Montreal                                                                 | CUSIP: 06370C748<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |      6600 | PA      | $804480.60    | 0.53%             | 2026-04-13      | Fixed         | 16.64%                | No            |                  2 | On Loan: No      |
| BXP Inc                                | BXP Inc                                                                          | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     17830 | NS      | $1153066.10   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Sabadell SA                   | Banco de Sabadell SA                                                             | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |    452069 | NS      | $1771017.26   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                  | Toronto-Dominion Bank/The                                                        | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      8800 | PA      | $825000.00    | 0.54%             | 2026-03-13      | Fixed         | 10.68%                | No            |                  2 | On Loan: No      |
| US Bancorp                             | US Bancorp                                                                       | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     30520 | NS      | $1712477.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      9600 | PA      | $1101594.24   | 0.72%             | 2026-05-28      | Fixed         | 20.37%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       800 | PA      | $174392.00    | 0.11%             | 2026-10-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      9500 | PA      | $757530.00    | 0.49%             | 2026-03-20      | Fixed         | 18.92%                | No            |                  2 | On Loan: No      |
| Douglas Emmett Inc                     | Douglas Emmett Inc                                                               | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90449 | NS      | $955141.44    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    231000 | PA      | $864887.10    | 0.56%             | 2026-04-30      | Fixed         | 17.01%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      4800 | PA      | $627792.00    | 0.41%             | 2026-10-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     15400 | PA      | $700700.00    | 0.46%             | 2026-12-17      | Fixed         | 16.23%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      3800 | PA      | $1218280.00   | 0.80%             | 2026-10-09      | Fixed         | 15.20%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X369<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     25200 | PA      | $909972.00    | 0.59%             | 2026-06-12      | Fixed         | 13.92%                | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                    | Dominion Energy Inc                                                              | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     41915 | NS      | $2522025.55   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                 | BP PLC                                                                           | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     59077 | NS      | $2237836.76   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X427<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     17800 | PA      | $1042012.00   | 0.68%             | 2026-05-28      | Fixed         | 16.47%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     17400 | PA      | $849990.00    | 0.55%             | 2026-05-19      | Fixed         | 15.05%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     12700 | PA      | $942721.00    | 0.62%             | 2026-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X385<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     20900 | PA      | $1078801.15   | 0.70%             | 2026-06-08      | Fixed         | 13.46%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     10300 | PA      | $434814.50    | 0.28%             | 2026-09-18      | Fixed         | 13.39%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                       | Merrill Lynch BV                                                                 | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      9700 | PA      | $1096146.56   | 0.72%             | 2026-05-19      | Fixed         | 16.06%                | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                  | Toronto-Dominion Bank/The                                                        | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     26200 | PA      | $1202711.00   | 0.79%             | 2026-12-15      | Fixed         | 19.81%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                       | Merrill Lynch BV                                                                 | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      1200 | PA      | $370458.00    | 0.24%             | 2026-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RUSSIA GOVT BOND - OFZ                 | Russian Federal Bond - OFZ                                                       | CUSIP: 000000000<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        | 230742000 | PA      | $0.00         | 0.00%             | 2027-02-03      | Fixed         | 8.15%                 | Yes           |                  3 | On Loan: No      |
| Coca-Cola Femsa SAB de CV              | Coca-Cola Femsa SAB de CV                                                        | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |      8351 | NS      | $870925.79    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X120<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     16000 | PA      | $466720.00    | 0.30%             | 2026-05-08      | Fixed         | 33.63%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95004P480<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      4400 | PA      | $68068.00     | 0.04%             | 2026-10-16      | Fixed         | 34.45%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     83700 | PA      | $1133614.39   | 0.74%             | 2026-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp                       | FirstEnergy Corp                                                                 | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     54170 | NS      | $2564407.80   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc              | United Parcel Service Inc                                                        | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     16501 | NS      | $1752736.22   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In         | Philip Morris International Inc                                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      8100 | NS      | $1453464.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L         | Oversea-Chinese Banking Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |     99600 | NS      | $1662218.38   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     34800 | PA      | $729408.00    | 0.48%             | 2026-09-04      | Fixed         | 13.37%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60700X401<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |     17600 | PA      | $1050860.80   | 0.69%             | 2026-09-04      | Fixed         | 16.21%                | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC                 | Brightstar Lottery PLC                                                           | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |     54886 | NS      | $794749.28    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance LLC             | MS FINANCE II - GENERAC HOLDINGS INC 13.                                         | CUSIP: 61772E164<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |      6600 | PA      | $1073457.00   | 0.70%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BW LPG Ltd                             | BW LPG Ltd                                                                       | CUSIP: 000000000<br>LEI: 5493006WBEME88YFDW23 | Long             | EC               | CORP              | SG        |     58189 | NS      | $910075.96    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA - NETFLIX INC 12.01 02 | BANK OF AMERICA - NETFLIX INC 12.01 02                                           | CUSIP: 000000000<br>LEI: 549300CGZYSEY3ZSIW16 | Long             | DBT              | CORP              | US        |     13400 | PA      | $1109989.00   | 0.72%             | 2027-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                  | Toronto-Dominion Bank/The                                                        | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $1048175.00   | 0.68%             | 2026-02-20      | Fixed         | 14.93%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X468<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     25400 | PA      | $722376.00    | 0.47%             | 2026-05-19      | Fixed         | 17.11%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95005A870<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     54300 | PA      | $1056678.00   | 0.69%             | 2027-01-27      | Fixed         | 12.83%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                       | Merrill Lynch BV                                                                 | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |     16500 | PA      | $1010311.50   | 0.66%             | 2026-06-24      | Fixed         | 12.84%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |      5200 | PA      | $623843.48    | 0.41%             | 2026-04-10      | Fixed         | 17.21%                | No            |                  2 | On Loan: No      |
| Enbridge Inc                           | Enbridge Inc                                                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     26700 | NS      | $1304028.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                       | Altria Group Inc                                                                 | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     31257 | NS      | $1937621.43   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      7400 | PA      | $1350091.52   | 0.88%             | 2026-10-09      | Fixed         | 17.00%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      4100 | PA      | $1399883.50   | 0.91%             | 2026-11-19      | Fixed         | 16.92%                | No            |                  2 | On Loan: No      |
| ASR Nederland NV                       | ASR Nederland NV                                                                 | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     38462 | NS      | $2789253.20   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      7800 | PA      | $732654.00    | 0.48%             | 2026-07-09      | Fixed         | 17.46%                | No            |                  2 | On Loan: No      |
| State Street Corp                      | State Street Corp                                                                | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     21742 | NS      | $2845158.12   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                             | Pfizer Inc                                                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     53214 | NS      | $1406978.16   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Star Bulk Carriers Corp                | Star Bulk Carriers Corp                                                          | CUSIP: 000000000<br>LEI: 549300SO3FMK7H6DDY54 | Long             | EC               | CORP              | GR        |     55231 | NS      | $1267551.45   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                            | LUKOIL PJSC                                                                      | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |     45047 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95004P498<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     14000 | PA      | $351540.00    | 0.23%             | 2026-10-13      | Fixed         | 15.18%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60700X880<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      1700 | PA      | $366690.85    | 0.24%             | 2026-10-16      | Fixed         | 18.09%                | No            |                  2 | On Loan: No      |
| AGNC Investment Corp                   | AGNC Investment Corp                                                             | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    144584 | NS      | $1648257.60   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      5100 | PA      | $669273.00    | 0.44%             | 2026-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      9900 | PA      | $869616.00    | 0.57%             | 2026-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X336<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      1600 | PA      | $333360.00    | 0.22%             | 2026-06-25      | Fixed         | 18.37%                | No            |                  2 | On Loan: No      |
| Verizon Communications Inc             | Verizon Communications Inc                                                       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     46069 | NS      | $2050991.88   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                           | ING Groep NV                                                                     | CUSIP: 456837103<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     40000 | NS      | $1175600.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc           | Citizens Financial Group Inc                                                     | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     43755 | NS      | $2755689.90   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      4400 | PA      | $923604.00    | 0.60%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                                               | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     26700 | PA      | $1129554.18   | 0.74%             | 2027-01-26      | Fixed         | 16.20%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     15100 | PA      | $816663.87    | 0.53%             | 2026-12-10      | Fixed         | 15.71%                | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                                               | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     20600 | PA      | $922222.86    | 0.60%             | 2026-03-13      | Fixed         | 15.25%                | No            |                  2 | On Loan: No      |
| JP MORGAN SP                           | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     13300 | PA      | $965979.00    | 0.63%             | 2026-11-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                  | Toronto-Dominion Bank/The                                                        | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     41400 | PA      | $1116351.00   | 0.73%             | 2026-09-21      | Fixed         | 17.95%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     19800 | PA      | $1102860.00   | 0.72%             | 2026-06-08      | Fixed         | 21.26%                | No            |                  2 | On Loan: No      |
| Aviva PLC                              | Aviva PLC                                                                        | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    308319 | NS      | $2682365.83   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                 | DBS Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     70620 | NS      | $3286458.61   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     74600 | PA      | $1208520.00   | 0.79%             | 2027-01-22      | Fixed         | 24.18%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95004P233<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      3500 | PA      | $786835.00    | 0.51%             | 2026-12-11      | Fixed         | 14.81%                | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                          | Rio Tinto PLC                                                                    | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     19475 | NS      | $1772809.25   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60701B580<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      5100 | PA      | $773476.20    | 0.51%             | 2026-12-11      | Fixed         | 15.64%                | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                                               | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     60400 | PA      | $1011011.44   | 0.66%             | 2026-12-10      | Fixed         | 17.00%                | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV                | BNP PARIBAS - MICRON TECHNOLOGY INC 14.9BNP PARIBAS - MICRON TECHNOLOGY INC 14.9 | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      8200 | PA      | $1142541.26   | 0.75%             | 2026-08-21      | Fixed         | 14.99%                | No            |                  2 | On Loan: No      |
| Eversource Energy                      | Eversource Energy                                                                | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     36203 | NS      | $2502713.39   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X187<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      9400 | PA      | $731790.00    | 0.48%             | 2026-08-06      | Fixed         | 16.95%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      3800 | PA      | $579614.00    | 0.38%             | 2026-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                  | Toronto-Dominion Bank/The                                                        | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     18900 | PA      | $874975.50    | 0.57%             | 2026-09-21      | Fixed         | 17.75%                | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB d         | Grupo Financiero Banorte SAB de CV                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    154700 | NS      | $1748917.32   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                                               | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |      5500 | PA      | $251831.25    | 0.16%             | 2026-03-16      | Fixed         | 18.15%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      5300 | PA      | $603352.00    | 0.39%             | 2026-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                 | Goldman Sachs Bank USA/New York NY                                               | CUSIP: 38152A202<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |     34500 | PA      | $736920.00    | 0.48%             | 2026-11-06      | Fixed         | 43.86%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     68900 | PA      | $827489.00    | 0.54%             | 2026-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     21100 | PA      | $324096.00    | 0.21%             | 2026-04-30      | Fixed         | 76.02%                | No            |                  3 | On Loan: No      |
| Cousins Properties Inc                 | Cousins Properties Inc                                                           | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     49452 | NS      | $1248168.48   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co Ltd                       | Sino Land Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |   1666000 | NS      | $2512190.06   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                              | Amcor PLC                                                                        | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | CH        |     18303 | NS      | $809907.75    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                 | Regions Financial Corp                                                           | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     70524 | NS      | $2009934.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO               | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       400 | PA      | $244966.17    | 0.16%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60700W627<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |     40100 | PA      | $1144293.60   | 0.75%             | 2026-07-09      | Fixed         | 20.77%                | No            |                  2 | On Loan: No      |
| JP MORGAN SP                           | JP Morgan Structured Products BV                                                 | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     11900 | PA      | $968422.00    | 0.63%             | 2027-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                          | HSBC Bank PLC                                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     15800 | PA      | $1057573.00   | 0.69%             | 2027-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IBM                                    | International Business Machines Corp                                             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      9825 | NS      | $3013327.50   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     15400 | PA      | $994301.00    | 0.65%             | 2026-03-11      | Fixed         | 16.09%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60701C505<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      3400 | PA      | $1105882.30   | 0.72%             | 2027-02-08      | Fixed         | 17.01%                | No            |                  2 | On Loan: No      |
| BW LPG Ltd                             | BW LPG Ltd                                                                       | CUSIP: 000000000<br>LEI: 5493006WBEME88YFDW23 | Long             | EC               | CORP              | SG        |     40298 | NS      | $635194.06    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                | BNP Paribas Issuance BV                                                          | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     18100 | PA      | $1068986.00   | 0.70%             | 2027-01-22      | Fixed         | 21.64%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                       | Merrill Lynch BV                                                                 | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |       900 | PA      | $166698.00    | 0.11%             | 2026-04-07      | Fixed         | 13.63%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                    | Wells Fargo Bank NA                                                              | CUSIP: 95003X245<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      8200 | PA      | $1124712.00   | 0.73%             | 2026-07-27      | Fixed         | 18.64%                | No            |                  2 | On Loan: No      |
| Whirlpool Corp                         | Whirlpool Corp                                                                   | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      8052 | NS      | $644079.48    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                  | Mizuho Markets Cayman LP                                                         | CUSIP: 60701B119<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      4500 | PA      | $141288.75    | 0.09%             | 2026-10-20      | Fixed         | 19.56%                | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                       | Bank of Montreal                                                                 | CUSIP: 06370C730<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     11700 | PA      | $1123036.20   | 0.73%             | 2026-04-09      | Fixed         | 15.21%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |      7000 | PA      | $750330.00    | 0.49%             | 2026-09-24      | Fixed         | 16.72%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-01

**Name of Applicant:** Victory Portfolios IV

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer