# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-25-210084
**Filing Date:** 2025-8
**Character Count:** 22576
**Document Hash:** b0052d3ad76ae0e5883207e7ec684a5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210084.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210084

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**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:** 251268254

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $259879937.11

**Total Liabilities:** $277425.23

**Net Assets:** $259602511.88

**Cash Not Reported:** $5928512.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168336 | -2.90%               | 3.62%                | 1.99%                |
| Class ID C000168339 | -2.89%               | 3.66%                | 1.98%                |
| Class ID C000168337 | -2.98%               | 3.60%                | 1.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5535334.43             | $-2326667.81                               |
| Month 2  | $-139794.53              | $9070544.34                                |
| Month 3  | $2933976.28              | $1933112.18                                |

### Schedule of Portfolio Investments

| Name                                   | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBOE GLOBAL MARKETS, INC.              | CBOE GLOBAL MARKETS INC                 | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     11210 | NS      | $2614284.10   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                 | CVS HEALTH CORP                         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     61520 | NS      | $4243649.60   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                        | PPL CORP                                | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    160450 | NS      | $5437650.50   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                           | MATTEL INC                              | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    209320 | NS      | $4127790.40   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.           | WILLIAMS COS INC                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     37810 | NS      | $2374846.10   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                              | CUBESMART                               | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130260 | NS      | $5536050.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION              | EXPAND ENERGY CORP                      | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     34230 | NS      | $4002856.20   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                     | SUNCOR ENERGY INC                       | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     67920 | NS      | $2543604.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC.                        | GLOBE LIFE INC                          | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     90710 | NS      | $11274345.90  | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTERNATIONAL INC.                | CACI INTERNATIONAL INC CLASS A          | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     10510 | NS      | $5010117.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, INC.                         | NNN REIT INC                            | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    149120 | NS      | $6439001.60   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.               | CENTERPOINT ENERGY INC                  | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    156160 | NS      | $5737318.40   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.            | L3HARRIS TECHNOLOGIES INC               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     14890 | NS      | $3735007.60   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK, INC.                           | AMETEK INC                              | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     26060 | NS      | $4715817.60   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                  | CAMDEN PROPERTY TRUST                   | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     36280 | NS      | $4088393.20   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORPORATION.                     | FLUOR CORP                              | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     40180 | NS      | $2060028.60   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONET WORLDWIDE, INC.                | EURONET WORLDWIDE INC                   | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     53950 | NS      | $5469451.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY, INC.                 | ALIGN TECHNOLOGY INC                    | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     13990 | NS      | $2648726.70   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Limited                    | NOMAD FOODS LTD                         | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    297560 | NS      | $5055544.40   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITE MOUNTAINS INSURANCE GROUP, LTD.  | WHITE MOUNTAINS INSURANCE GROUP LIMITED | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      1410 | NS      | $2531965.20   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV, INC.                           | FISERV INC                              | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     22970 | NS      | $3960257.70   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORPORATION              | UMB FINANCIAL CORP                      | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     45810 | NS      | $4817379.60   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                    | TOLL BROTHERS INC                       | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     26800 | NS      | $3058684.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION         | ZEBRA TECHNOLOGIES CORP                 | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      8940 | NS      | $2756738.40   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                    | EVEREST GROUP LTD                       | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     17140 | NS      | $5825029.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP.                              | PVH CORP                                | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     42790 | NS      | $2935394.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                 | US FOODS HOLDING CORP                   | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     74550 | NS      | $5741095.50   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.              | WESCO INTERNATIONAL                     | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     25130 | NS      | $4654076.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION           | ENCOMPASS HEALTH CORP                   | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     48140 | NS      | $5903408.20   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH & BODY WORKS, INC.                | BATH BODY WORKS INC                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    134630 | NS      | $4033514.80   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                   | BAKER HUGHES CO                         | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98690 | NS      | $3783774.60   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD.            | AXALTA COATING SYSTEMS LTD              | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     60020 | NS      | $1781993.80   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.      | EQUITY LIFESTYLE PROPERTIES INC         | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     73400 | NS      | $4526578.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                       | AGCO CORP                               | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     38680 | NS      | $3990228.80   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc.                 | TFI INTERNATIONAL INC                   | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     31060 | NS      | $2785150.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                  | KEURIG DR PEPPER INC                    | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    164785 | NS      | $5447792.10   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                             | UNUM GROUP                              | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     47800 | NS      | $3860328.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORPORATION                        | LKQ CORPORATION                         | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    155460 | NS      | $5753574.60   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-RAD LABORATORIES, INC.             | BIO RAD LABORATORIES INC                | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |     10890 | NS      | $2627974.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES, INC.            | PROSPERITY BANCSHARES INC               | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68380 | NS      | $4803011.20   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICAL INDUSTRIES LIMITED | TEVA PHARMACEUTICAL INDUSTRIES LTD      | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             |  | CORP              | IL        |    359830 | NS      | $6030750.80   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION               | LAM RESEARCH CORP                       | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     43770 | NS      | $4260571.80   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                     | TIMKEN CO                               | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     62460 | NS      | $4531473.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION              | VALERO ENERGY CORP                      | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     27630 | NS      | $3714024.60   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                               | NICE SYSTEM LTD SPONSORED ADR           | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             |  | CORP              | IL        |     37030 | NS      | $6254737.30   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED     | FAIRFAX FINANCIAL HOLDINGS LTD          | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      2930 | NS      | $5289321.39   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORPORATION                 | SEALED AIR CORP                         | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    153500 | NS      | $4763105.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                           | TRIMBLE INC                             | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     64620 | NS      | $4909827.60   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS, INC.       | SSNC TECHNOLOGIES HLDGS INC             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     86260 | NS      | $7142328.00   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                      | FIRSTENERGY CORP                        | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    150160 | NS      | $6045441.60   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FINANCIAL CORPORATION   | FIRST AMERICAN FINANCIAL CORP           | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     65090 | NS      | $3995875.10   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.    | TAKE TWO INTERACTIVE SOFTWARE           | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      8390 | NS      | $2037511.50   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                | KEYCORP                                 | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    320110 | NS      | $5576316.20   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP CORPORATION                  | API GROUP CORP                          | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     94410 | NS      | $4819630.50   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY      | GRAPHIC PACKAGING HOLDING CO            | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    214260 | NS      | $4514458.20   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                  | LEIDOS HOLDINGS INC                     | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     23160 | NS      | $3653721.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LITTELFUSE, INC.                       | LITTELFUSE INC                          | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     15050 | NS      | $3412286.50   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer