# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-004274
**Filing Date:** 2026-5
**Character Count:** 40230
**Document Hash:** 12089c0ffb0fe609d098d12e479669c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004274.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004274

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 261032894

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

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

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

## Series and Classes Contracts Data

### Victory RS Global Fund (Series ID: S000053563)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168340 | Class A      | RSGGX           |
| C000168341 | Class C      | RGGCX           |
| C000168342 | Class R      | RGGKX           |
| C000168343 | Class Y      | RGGYX           |
| C000213170 | Class R6     | RGGRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

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

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

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

- **b. EDGAR series identifier (if any):** S000053563

- **c. LEI of Series:** 549300I1FYJXRJXD4J54

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1737774472.01

**Total Liabilities:** $10533797.62

**Net Assets:** $1727240674.39

**Cash Not Reported:** $38636287.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168343 | 3.10%                | 1.48%                | -5.58%               |
| Class ID C000213170 | 3.11%                | 1.46%                | -5.57%               |
| Class ID C000168340 | 3.11%                | 1.47%                | -5.61%               |
| Class ID C000168341 | 3.03%                | 1.43%                | -5.65%               |
| Class ID C000168342 | 3.07%                | 1.43%                | -5.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7142088.54             | $60417102.04                               |
| Month 2  | $612588.70               | $25138035.12                               |
| Month 3  | $1143703.61              | $-106083336.91                             |

### Schedule of Portfolio Investments

| Name                                               | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| EURO                                               | EURO                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |         1 | NS      | $1.10         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| AUSTRALIAN DOLLAR                                  | AUSTRALIAN DOLLAR                       | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | AU        |     18506 | NS      | $12765.40     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| NETFLIX, INC.                                      | NETFLIX INC                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    186802 | NS      | $17961012.30  | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| MSILF Government Portfolio                         | MSILF GOVERNMENT-INST                   | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2264572 | NS      | $2264572.25   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Cathay Financial Holding Co., Ltd.                 | CATHAY FINANCIAL HOLDING CO LTD         | CUSIP: N/A<br>LEI: 5299009XR1QLFAMQ3X77       | Long             | EC               | CORP              | TW        |   8105000 | NS      | $18124274.47  | 1.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Nestle S.A.                                        | NESTLE SA                               | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |    185224 | NS      | $18173353.70  | 1.05%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC HOLDINGS PLC                       | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   1136755 | NS      | $18665615.83  | 1.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Mizuho Financial Group, Inc.                       | MIZUHO FINANCIAL GROUP INC              | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    498000 | NS      | $20162816.47  | 1.17%             |  |  |  | No            | 2                  | On Loan: No      |
| INDIAN RUPEE                                       | INDIA RUPEE                             | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |     12130 | NS      | $127.90       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| THE GAP, INC.                                      | GAP INC                                 | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    346403 | NS      | $8382952.60   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| HOWDEN JOINERY GROUP PLC                           | HOWDEN JOINERY GROUP PLC                | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |   1090965 | NS      | $11553499.42  | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Holdings Limited                           | TENCENT HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    303100 | NS      | $19117713.24  | 1.11%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares MSCI ACWI ETF                              | ISHARES MSCI ACWI ETF                   | CUSIP: 464288257<br>LEI: N/A                  | Long             |  | RF                | US        |     36187 | NS      | $5007195.19   | 0.29%             |  |  |  | No            | 1                  | On Loan: —       |
| AMGEN INC.                                         | AMGEN INC                               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     40698 | NS      | $14319591.30  | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| IDEXX LABORATORIES, INC.                           | IDEXX LABORATORIES INC                  | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     23305 | NS      | $13094846.45  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| META PLATFORMS, INC.                               | META PLATFORMS INC                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     52981 | NS      | $30312019.53  | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| ADOBE INC.                                         | ADOBE INC                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     38042 | NS      | $9247249.36   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Software Inc.                        | CONSTELLATION SOFTWARE INC CANADA       | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      3467 | NS      | $6086979.17   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| REXEL SA                                           | REXEL SA                                | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |    232384 | NS      | $9207214.96   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| BAWAG Group AG                                     | BAWAG GROUP AG                          | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |    134210 | NS      | $20400879.63  | 1.18%             |  |  |  | Yes           | 2                  | On Loan: No      |
| HOYA CORPORATION                                   | HOYA CORP                               | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |     83900 | NS      | $14546308.21  | 0.84%             |  |  |  | No            | 2                  | On Loan: No      |
| ASML Holding N.V.                                  | ASML HOLDING N V                        | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     14258 | NS      | $18957119.27  | 1.10%             |  |  |  | No            | 2                  | On Loan: No      |
| NVIDIA CORPORATION                                 | NVIDIA CORP                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    489259 | NS      | $85326769.60  | 4.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Kakaku.com Inc                                     | KAKAKU COM INC                          | CUSIP: N/A<br>LEI: 353800KA15Y0DCPWYY65       | Long             | EC               | CORP              | JP        |    369400 | NS      | $4863269.34   | 0.28%             |  |  |  | No            | 2                  | On Loan: —       |
| SIMON PROPERTY GROUP, INC.                         | SIMON PROPERTY GROUP INC                | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    103125 | NS      | $19235906.25  | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| SOUTH AFRICAN RAND                                 | SOUTH AFRICAN RAND                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | ZA        |       310 | NS      | $18.36        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Chubb Limited                                      | CHUBB LIMITED                           | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     44764 | NS      | $14589930.52  | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| BOOKING HOLDINGS INC.                              | BOOKING HOLDINGS INC                    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3027 | NS      | $12744638.64  | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| EIFFAGE SA                                         | EIFFAGE SA                              | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     77631 | NS      | $11904484.10  | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| RIO TINTO PLC                                      | RIO TINTO PLC                           | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |    168481 | NS      | $15628222.62  | 0.90%             |  |  |  | No            | 2                  | On Loan: No      |
| DISCO CORPORATION                                  | DISCO CORP                              | CUSIP: N/A<br>LEI: 529900X0YGDYM51H4Q86       | Long             | EC               | CORP              | JP        |     22200 | NS      | $9049201.36   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| Logitech international S.A.                        | LOGITECH INTERNATIONAL SA               | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |    108018 | NS      | $10033547.60  | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED     | FISHER PAYKEL HEALTHCARE CORP LTD       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |    559642 | NS      | $12129681.38  | 0.70%             |  |  |  | No            | 2                  | On Loan: No      |
| CONOCOPHILLIPS                                     | CONOCOPHILLIPS                          | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     81202 | NS      | $10718664.00  | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| DELTA AIR LINES, INC.                              | DELTA AIR LINES INC                     | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    155033 | NS      | $10306593.84  | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| PULTEGROUP, INC.                                   | PULTEGROUP INC                          | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114134 | NS      | $13423299.74  | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| EATON CORPORATION PUBLIC LIMITED COMPANY           | EATON CORP PLC                          | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     30647 | NS      | $10961512.49  | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| MCDONALD'S CORPORATION                             | MCDONALD S CORP                         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     76218 | NS      | $23687792.22  | 1.37%             |  |  |  | No            | 1                  | On Loan: No      |
| BROADCOM INC.                                      | BROADCOM INC                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     77203 | NS      | $23895100.53  | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Limited | TAIWAN SEMICONDUCTOR MANUFACTU          | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    847000 | NS      | $48993504.98  | 2.84%             |  |  |  | No            | 2                  | On Loan: No      |
| TESLA, INC.                                        | TESLA INC                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     43139 | NS      | $16036923.25  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| APA CORPORATION                                    | APA CORP                                | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    431779 | NS      | $18324700.76  | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| MICROSOFT CORPORATION                              | MICROSOFT CORP                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    151762 | NS      | $56177739.54  | 3.25%             |  |  |  | No            | 1                  | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                         | AGINCO EAGLE MINES LTD                  | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     99360 | NS      | $20171315.84  | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| ORACLE CORPORATION JAPAN                           | ORACLE CORP JAPAN                       | CUSIP: N/A<br>LEI: 529900MIMKY9RU60Z323       | Long             | EC               | CORP              | JP        |    149300 | NS      | $8129158.34   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| LITE-ON TECHNOLOGY CORPORATION                     | LITE ON TECHNOLOGY CORP                 | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |   1902000 | NS      | $8705351.83   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| ATCO LTD.                                          | ATCO LTD                                | CUSIP: 046789400<br>LEI: 5299005SPZ1QYL51JD25 | Long             | EC               | CORP              | CA        |    183915 | NS      | $9003359.23   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| KIA CORPORATION                                    | KIA CORP                                | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     91134 | NS      | $9000393.05   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                               | EDISON INTERNATIONAL                    | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    195204 | NS      | $14285028.72  | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| GEORGE WESTON LIMITEE.                             | GEORGE WESTON LIMITED                   | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |    179300 | NS      | $12669209.86  | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMORGAN CHASE & CO.                               | JPMORGAN CHASE CO                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     89241 | NS      | $26251132.56  | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| PT Telkom Indonesia (Persero) Tbk                  | TELKOM INDONESIA PERSERO                | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |  57805200 | NS      | $10454068.24  | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| CISCO SYSTEMS, INC.                                | CISCO SYSTEMS INC                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    228036 | NS      | $17693313.24  | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| ENEL - SPA                                         | ENEL SPA                                | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |   1066365 | NS      | $11656823.94  | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| UNUM GROUP                                         | UNUM GROUP                              | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |    192184 | NS      | $14035197.52  | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Aktiengesellschaft                         | SIEMENS AG                              | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     47895 | NS      | $11667291.52  | 0.68%             |  |  |  | No            | 2                  | On Loan: No      |
| JOHNSON & JOHNSON                                  | JOHNSON JOHNSON                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     95504 | NS      | $23344997.76  | 1.35%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORPORATION                        | BANK OF AMERICA CORP                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    341455 | NS      | $16645931.25  | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| FORTINET, INC.                                     | FORTINET INC                            | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    229894 | NS      | $18786937.68  | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| AMAZON.COM, INC.                                   | AMAZON COM INC                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    171142 | NS      | $35643744.34  | 2.06%             |  |  |  | No            | 1                  | On Loan: No      |
| SWISS FRANC                                        | SWISS FRANC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CH        |      3323 | NS      | $4157.27      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| PROLOGIS, INC.                                     | PROLOGIS INC                            | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    111640 | NS      | $14756575.20  | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| GREAT BRITISH POUND                                | GREAT BRITISH POUND                     | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |    132230 | NS      | $174992.43    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND     | GLDMN SCHS FIN SQ GV-FST                | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2264572 | NS      | $2264572.25   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED    | INDUSTRIAL COMMERCIAL BANK OF CHINA LTD | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |  18890000 | NS      | $16650971.94  | 0.96%             |  |  |  | No            | 2                  | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.             | PNC FINANCIAL SERVICES GROUP INC        | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     68927 | NS      | $14343019.43  | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| CANADIAN DOLLAR                                    | CANADIAN DOLLAR                         | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CA        |     83553 | NS      | $60071.18     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| MICRON TECHNOLOGY, INC.                            | MICRON TECHNOLOGY INC                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     46444 | NS      | $15690640.96  | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Partners Group Holding AG                          | PARTNERS GROUP HOLDING AG               | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |      5530 | NS      | $5961948.49   | 0.35%             |  |  |  | No            | 2                  | On Loan: —       |
| Open House Group Co.,LTD.                          | OPEN HOUSE GROUP CO LTD                 | CUSIP: N/A<br>LEI: 529900WQOGPBIJEHW865       | Long             | EC               | CORP              | JP        |    113100 | NS      | $7249456.49   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| JACKSON FINANCIAL INC.                             | JACKSON FINANCIAL INC                   | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |    120566 | NS      | $12746237.52  | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.              | BANCO BILBAO VIZCAYA ARGENTARIA SA      | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    985389 | NS      | $21281114.09  | 1.23%             |  |  |  | No            | 2                  | On Loan: No      |
| FUJI ELECTRIC CO., LTD.                            | FUJI ELECTRIC CO LTD                    | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |    153400 | NS      | $10747001.70  | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.                  | CONSTELLATION ENERGY CORP               | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     32904 | NS      | $9188442.00   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| SYNCHRONY FINANCIAL                                | SYNCHRONY FINANCIAL                     | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    137508 | NS      | $9353294.16   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                          | COLGATE PALMOLIVE CO                    | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    252997 | NS      | $21562934.31  | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| APPLE INC.                                         | APPLE INC                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    322865 | NS      | $81939908.35  | 4.74%             |  |  |  | No            | 1                  | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                       | GAZTRANSPORT ET TECHNIGAZ SA            | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |     59402 | NS      | $13969096.57  | 0.81%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND               | HSBC US GOVT MMKT-I                     | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2420764 | NS      | $2420764.25   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| ELI LILLY AND COMPANY                              | ELI LILLY CO                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     30190 | NS      | $27767856.30  | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Copco Aktiebolag                             | ATLAS COPCO AB                          | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |    575858 | NS      | $9006861.80   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| NEXT PLC                                           | NEXT PLC                                | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |     56416 | NS      | $9529963.51   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| EXXON MOBIL CORPORATION                            | EXXON MOBIL CORP                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    204991 | NS      | $34778773.06  | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| ALCOA CORPORATION                                  | ALCOA CORP                              | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    198517 | NS      | $13167632.61  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| MASTERCARD INCORPORATED                            | MASTERCARD INC CLASS A                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     49292 | NS      | $24629240.72  | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| VERTIV HOLDINGS CO                                 | VERTIV HOLDINGS CO                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     49904 | NS      | $12504944.32  | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| ALPHABET INC.                                      | ALPHABET INC CLASS C                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    225256 | NS      | $64616936.16  | 3.74%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO              | INVESCO GVT & AGNCY-INST                | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2264572 | NS      | $2264572.25   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| GILEAD SCIENCES, INC.                              | GILEAD SCIENCES INC                     | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    130578 | NS      | $18198655.86  | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| CATERPILLAR INC.                                   | CATERPILLAR INC                         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     38682 | NS      | $27404649.72  | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| CONSTELLATION SOFTWARE INC CANADA                  | CONSTELLATION SOFTWARE INC CANADA       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |      3376 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Pepsico, Inc.                                      | PEPSICO INC                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    125281 | NS      | $19454886.49  | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| ARISTOCRAT LEISURE LIMITED                         | ARISTOCRAT LEISURE LTD                  | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |    299934 | NS      | $9531376.66   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| CURTISS-WRIGHT CORPORATION                         | CURTISS WRIGHT CORP                     | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     32026 | NS      | $21813549.12  | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| KONGSBERG GRUPPEN ASA                              | KONGSBERG GRUPPEN ASA                   | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |    357965 | NS      | $15288256.71  | 0.89%             |  |  |  | No            | 2                  | On Loan: No      |
| Heidelberg Materials AG                            | HEIDELBERG MATERIALS AG                 | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     37276 | NS      | $7865541.66   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| FREEPORT-MCMORAN INC.                              | FREEPORT MCMORAN INC                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    223657 | NS      | $13146558.46  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                     | TEXAS INSTRUMENTS INC                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     94332 | NS      | $18313614.48  | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| TOYO SUISAN KAISHA, LTD.                           | TOYO SUISAN KAISHA LTD                  | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    118600 | NS      | $8341416.25   | 0.48%             |  |  |  | No            | 2                  | On Loan: —       |
| NATIONAL FUEL GAS COMPANY                          | NATIONAL FUEL GAS CO                    | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    110329 | NS      | $10366512.84  | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                         | SINGAPORE EXCHANGE LTD                  | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |   1341500 | NS      | $20469532.84  | 1.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Roche Holding AG                                   | ROCHE HOLDING AG                        | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     55047 | NS      | $21974249.95  | 1.27%             |  |  |  | No            | 2                  | On Loan: No      |
| IMPERIAL BRANDS PLC                                | IMPERIAL BRANDS PLC                     | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    329914 | NS      | $13375251.43  | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| Carnival Corporation                               | CARNIVAL CORP                           | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |    308838 | NS      | $7992727.44   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| DEXCOM, INC.                                       | DEXCOM INC                              | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    131557 | NS      | $8261779.60   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| S&P GLOBAL INC.                                    | S P GLOBAL INC                          | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     32699 | NS      | $13908192.66  | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena, S.M.E., S.A.                                 | AENA SME SA                             | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |    295862 | NS      | $8752023.95   | 0.51%             |  |  |  | Yes           | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol D. Trevino

**Name of Signer:** Carol D. Trevino

**Title:** Treasurer