# EDGAR Filing Document

**Accession Number:** 0002042316
**File Stem:** 0000940400-25-002587
**Filing Date:** 2025-9
**Character Count:** 95439
**Document Hash:** af3c5ce88c18c4f8e6cfe4e725ffdf96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002587.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000940400-25-002587

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**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:** 251346106

**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
(successor to Pioneer Equity Premium Income Fund)

Schedule of Investments \| July 31, 2025

------

### Schedule of Investments \| 7/31/25
(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 — 45.6% of Net Assets** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Air Freight & Logistics — 0.6%** |  |
| 9263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service, Inc., Class B | $798100 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Air Freight & Logistics** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **798100** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks — 11.0%** |  |
| 94344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ABN AMRO Bank NV (C.V.A.) (144A) | $2730394 |
| 43755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizens Financial Group, Inc. | &nbsp;&nbsp; 2087988 |
| 24424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comerica, Inc. | &nbsp;&nbsp; 1650330 |
| 70620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DBS Group Holdings, Ltd. | &nbsp;&nbsp; 2605826 |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Groep NV (A.D.R.) | &nbsp;&nbsp; 934400 |
| 44774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Groep NV | &nbsp;&nbsp; 1046959 |
| 150300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oversea-Chinese Banking Corp., Ltd. | &nbsp;&nbsp; 1952835 |
| 70524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regions Financial Corp. | &nbsp;&nbsp; 1786373 |
| 17,852(a)+# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TCS Group Holding Plc (G.D.R.) | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Banks** | &nbsp;&nbsp; **$** **14795105** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Capital Markets — 3.6%** |  |
| 16258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | $2316115 |
| 21742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street Corp. | &nbsp;&nbsp; 2429668 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Capital Markets** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **4745783** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Chemicals — 0.6%** |  |
| 12889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LyondellBasell Industries NV, Class A | $746660 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Chemicals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **746660** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Staples Distribution & Retail — 0.0%** |  |
| 23,507+# | &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;**Diversified Telecommunication Services — 1.5%** |  |
| 46069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications, Inc. | $1969910 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Diversified Telecommunication Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1969910** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electric Utilities — 3.5%** |  |
| 36203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eversource Energy | $2393018 |
| 54170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FirstEnergy Corp. | &nbsp;&nbsp; 2313601 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Electric Utilities** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **4706619** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Food Products — 2.6%** |  |
| 13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cal-Maine Foods, Inc. | $1444820 |
| 1989500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WH Group, Ltd. (144A) | &nbsp;&nbsp; 2004706 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Food Products** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3449526** |

---

1Victory Pioneer Equity Premium Income Fund \| 7/31/25

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Shares** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Restaurants & Leisure — 0.6%** |  |
| 54886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brightstar Lottery Plc | $814508 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Hotels, Restaurants & Leisure** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **814508** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Household Durables — 0.5%** |  |
| 8052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whirlpool Corp. | $668638 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Household Durables** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **668638** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Insurance — 4.1%** |  |
| 38462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASR Nederland NV | $2561586 |
| 344322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aviva Plc | &nbsp;&nbsp; 2949371 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Insurance** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **5510957** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**IT Services — 2.1%** |  |
| 11191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corp. | $2833002 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total IT Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **2833002** |
|  | &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. | $1008518 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Marine Transportation** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1008518** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Metals & Mining — 1.0%** |  |
| 22584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rio Tinto Plc (A.D.R.) | $1349845 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Metals & Mining** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1349845** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Mortgage Real Estate Investment Trusts (REITs)<br> — 1.2%** |  |
| 297974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redwood Trust, Inc. | $1626938 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Mortgage Real Estate Investment Trusts (REITs)** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1626938** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Multi-Utilities — 1.8%** |  |
| 41915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dominion Energy, Inc. | $2449932 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Multi-Utilities** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **2449932** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Office REITs — 2.2%** |  |
| 17830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BXP, Inc. | $1166617 |
| 26550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cousins Properties, Inc. | &nbsp;&nbsp; 719505 |
| 142207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Piedmont Office Realty Trust, Inc. | &nbsp;&nbsp; 1075085 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Office REITs** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **2961207** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels — 4.1%** |  |
| 59077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP Plc (A.D.R.) | $1899326 |
| 40298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BW LPG, Ltd. (144A) | &nbsp;&nbsp; 541402 |
| 58189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BW LPG, Ltd. (144A) | &nbsp;&nbsp; 777405 |
| 10021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chord Energy Corp. | &nbsp;&nbsp; 1105617 |

---

Victory Pioneer Equity Premium Income Fund \| 7/31/252

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Shares** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels — (continued)** |  |
| 26700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enbridge, Inc. | $1209243 |
| 45,047(a)+# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LUKOIL PJSC | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Oil, Gas & Consumable Fuels** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **5532993** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Pharmaceuticals — 0.9%** |  |
| 53214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pfizer, Inc. | $1239354 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Pharmaceuticals** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **1239354** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Management & Development — 0.5%** |  |
| 588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sino Land Co., Ltd. | $677885 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Real Estate Management & Development** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **677885** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tobacco — 2.4%** |  |
| 31257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria Group, Inc. | $1936059 |
| 8100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International, Inc. | &nbsp;&nbsp; 1328805 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Tobacco** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **3264864** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (Cost $57,803,210)** | &nbsp;&nbsp; **$** **61150344** |
|  | &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. | $29315 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Real Estate Management & Development** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **29315** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Preferred Stock<br> (Cost $167,705)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **29315** |

---

---

| | | |
|:---|:---|:---|
| &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 $3,155,905)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$** **—** |

---

3Victory Pioneer Equity Premium Income Fund \| 7/31/25

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Equity Linked Notes — 50.7% of Net<br> Assets** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense — 1.6%** |  |
| 24600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Embraer S.A.), 14.13%, 2/10/26 | $1107694 |
| 20900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Embraer SA), 13.46%, 6/8/26 | &nbsp;&nbsp; 1050643 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Aerospace & Defense** | &nbsp;&nbsp;&nbsp;&nbsp; **$2158337** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Apparel Retail — 1.2%** |  |
| 900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America NA (Lululemon Athletica In), 13.63%, 4/7/26 | $209439 |
| 6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Abercrombie & Fitch Co.), 20.60%, 1/15/26 (144A) | &nbsp;&nbsp; 715130 |
| 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Abercrombie & Fitch Co.), 21.25%, 11/28/25 | &nbsp;&nbsp; 729155 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Apparel Retail** | &nbsp;&nbsp;&nbsp;&nbsp; **$1653724** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks — 2.3%** |  |
| 20400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce (Teck Resources Ltd.), 10.00%, 8/28/25 | $666966 |
| 14600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (LAM Research Corp.), 16.03%, 10/31/25 (144A) | &nbsp;&nbsp; 1164846 |
| 6700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Toll Brothers, Inc.), 11.65%, 9/30/25 | &nbsp;&nbsp; 811437 |
| 14200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo Bank NA (Bar Harbor Bankshares, Inc.), 14.60%, 12/31/25 | &nbsp;&nbsp; 424296 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Banks** | &nbsp;&nbsp;&nbsp;&nbsp; **$3067545** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Basic materials — 1.3%** |  |
| 16500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Of America (Newmont Corp.), 12.84%, 6/24/26 | $960465 |
| 231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (B2Gold Corp.), 17.01%, 4/30/26 (144A) | &nbsp;&nbsp; 816585 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Basic materials** | &nbsp;&nbsp;&nbsp;&nbsp; **$1777050** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Beverages — 0.6%** |  |
| 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Celsius Holdings, Inc.), 23.55%, 11/10/25 (144A) | $455580 |
| 11600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Celsius Holdings, Inc.), 23.58%, 12/1/25 (144A) | &nbsp;&nbsp; 379551 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Beverages** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$835131** |

---

Victory Pioneer Equity Premium Income Fund \| 7/31/254

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Biotechnology — 0.9%** |  |
| 6900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Of America (Biontech SE), 11.81%, 8/29/25 | $663849 |
| 900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Regeneron Pharmaceuticals, Inc.), 11.50%, 1/27/26 (144A) | &nbsp;&nbsp; 518782 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Biotechnology** | &nbsp;&nbsp;&nbsp;&nbsp; **$1182631** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Building Products — 0.7%** |  |
| 7,200(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Builders Firstsource IN), 9/22/25 | $939672 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Building Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$939672** |
|  | &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 | $291199 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Chemicals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$291199** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Computer Hardware — 1.6%** |  |
| 19,200(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Pure Storage, Inc.), 9/9/25 | $1059072 |
| 17800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Pure Storage, Inc.), 16.47%, 5/28/26 | &nbsp;&nbsp; 1032578 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Computer Hardware** | &nbsp;&nbsp;&nbsp;&nbsp; **$2091650** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** |  |
| 9,600(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Draftkings, Inc.), 8/25/25 | $343678 |
| 83,700(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (V.F. Corp.), 7/9/26 | &nbsp;&nbsp; 1001889 |
| 25400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Vital Farms, Inc.), 17.11%, 5/19/26 | &nbsp;&nbsp; 874268 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary** | &nbsp;&nbsp;&nbsp;&nbsp; **$2219835** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Credit Services — 0.4%** |  |
| 8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo Bank NA (PayPal Holdings, Inc.), 11.86%, 3/5/26 | $572560 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Credit Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$572560** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Discount Stores — 0.8%** |  |
| 11700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Montreal (Dollar General Corp.), 15.21%, 4/9/26 | $1112401 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Discount Stores** | &nbsp;&nbsp;&nbsp;&nbsp; **$1112401** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Consumer Services — 0.8%** |  |
| 25400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (DraftKings, Inc.), 16.40%, 1/22/26 | $1059818 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Diversified Consumer Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$1059818** |

---

5Victory Pioneer Equity Premium Income Fund \| 7/31/25

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services — 0.2%** |  |
| 7500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman LP (Pinterest, Inc.), 15.67%, 10/17/25 | $259868 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Diversified Telecommunication Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$259868** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electrical Equipment — 1.6%** |  |
| 40100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets (Bloom Energy Corp.), 20.77%, 7/9/26 | $1115582 |
| 3900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman LP (Powell Industries, Inc.), 20.43%, 1/15/26 | &nbsp;&nbsp; 961518 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Electrical Equipment** | &nbsp;&nbsp;&nbsp;&nbsp; **$2077100** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electrical Equipment & Parts — 1.6%** |  |
| 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; 1091584 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Electrical Equipment & Parts** | &nbsp;&nbsp;&nbsp;&nbsp; **$2193178** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Energy Equipment & Services — 1.7%** |  |
| 20100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs International (Cameco Corp.), 14.90%, 2/20/26 | $1110081 |
| 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; **$2262197** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services — 2.4%** |  |
| 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas Issuance BV (Coinbase Global, Inc.), 22.51%, 10/31/25 (144A) | $937497 |
| 18300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Maplebear, Inc.), 15.27%, 11/28/25 | &nbsp;&nbsp; 808243 |
| 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Coinbase Global, Inc.), 18.37%, 6/25/26 | &nbsp;&nbsp; 480192 |
| 25200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Manpowergroup, Inc.), 13.92%, 6/12/26 | &nbsp;&nbsp; 1022112 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Financial Services** | &nbsp;&nbsp;&nbsp;&nbsp; **$3248044** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Footwear & Accessories — 1.4%** |  |
| 20600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce (On Holding AG), 15.25%, 3/13/26 | $919180 |
| 9,900(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Crocs, Inc.), 8/6/26 | &nbsp;&nbsp; 987327 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Footwear & Accessories** | &nbsp;&nbsp;&nbsp;&nbsp; **$1906507** |

---

Victory Pioneer Equity Premium Income Fund \| 7/31/256

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Furnishings, Fixtures & Appliances — 1.1%** |  |
| 5,300(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (SharkNinja, Inc.), 2/27/26 | $591119 |
| 9500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Whirlpool Corp.), 18.92%, 3/20/26 (144A) | &nbsp;&nbsp; 817475 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Furnishings, Fixtures & Appliances** | &nbsp;&nbsp;&nbsp;&nbsp; **$1408594** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Healthcare-Products — 1.3%** |  |
| 4300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America NA (Novo Nordisk A/S), 12.57%, 12/31/25 | $226352 |
| 27900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas Issuance BV (Perrigo Company Plc), 15.12%, 11/28/25 (144A) | &nbsp;&nbsp; 751347 |
| 55,800(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (Elanco Animal Health, Inc.), 11/28/25 (144A) | &nbsp;&nbsp; 756369 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Healthcare-Products** | &nbsp;&nbsp;&nbsp;&nbsp; **$1734068** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Healthcare-Services — 0.7%** |  |
| 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (The Cigna Group), 11.98%, 12/31/25 (144A) | $298210 |
| 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Humana, Inc.), 13.62%, 8/10/26 | &nbsp;&nbsp; 699832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Healthcare-Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$998042** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Household & Personal Products — 2.0%** |  |
| 7800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Elf Beauty, Inc.), 17.46%, 7/9/26 (144A) | $982644 |
| 9,200(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Elf Beauty, Inc.), 3/13/26 | &nbsp;&nbsp; 697878 |
| 4,900(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (The Estée Lauder Cos., Inc.), 12/3/25 | &nbsp;&nbsp; 346913 |
| 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo Bank NA (Hims & Hers Health, Inc.), 33.63%, 5/8/26 | &nbsp;&nbsp; 630726 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Household & Personal Products** | &nbsp;&nbsp;&nbsp;&nbsp; **$2658161** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Internet — 1.4%** |  |
| 17400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Etsy, Inc.), 15.05%, 5/19/26 (144A) | $898362 |
| 4,400(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan (Doordash, Inc.), 7/2/26 | &nbsp;&nbsp; 1039465 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Internet** | &nbsp;&nbsp;&nbsp;&nbsp; **$1937827** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Internet Content & Information — 0.8%** |  |
| 30200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage Finance (Pinterest, Inc.), 16.40%, 2/10/26 (144A) | $1050507 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Internet Content & Information** | &nbsp;&nbsp;&nbsp;&nbsp; **$1050507** |

---

7Victory Pioneer Equity Premium Income Fund \| 7/31/25

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Leisure Products — 1.5%** |  |
| 27700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Yeti Holdings, Inc.), 15.32%, 8/3/26 (144A) | $1064234 |
| 8800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (BJ's Wholesale Club), 10.68%, 3/13/26 | &nbsp;&nbsp; 915376 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Leisure Products** | &nbsp;&nbsp;&nbsp;&nbsp; **$1979610** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Metals & Mining — 1.1%** |  |
| 18400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merrill Lynch BV (Barrick Gold Corp.), 11.70%, 11/21/25 | $340400 |
| 13400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman LP (Cameco Corp.), 15.50%, 11/28/25 | &nbsp;&nbsp; 837085 |
| 7400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman LP (Newmont Corp.), 12.60%, 12/1/25 | &nbsp;&nbsp; 344322 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Metals & Mining** | &nbsp;&nbsp;&nbsp;&nbsp; **$1521807** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Multi-Utilities — 0.8%** |  |
| 3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs (Constellation Energy), 23.60%, 10/16/25 | $1083390 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Multi-Utilities** | &nbsp;&nbsp;&nbsp;&nbsp; **$1083390** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Office REITs — 0.7%** |  |
| 15,500(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Sl Green Realty Corp.), 7/2/26 | $929148 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Office REITs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$929148** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels — 0.8%** |  |
| 78,000(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Permian Resources Corp.), 9/22/25 | $1063234 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Oil, Gas & Consumable Fuels** | &nbsp;&nbsp;&nbsp;&nbsp; **$1063234** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Management & Development — 0.7%** |  |
| 15100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman LP (SL Green Realty Corp.), 14.60%, 1/15/26 | $900798 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Real Estate Management & Development** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$900798** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rental & Leasing Services — 0.2%** |  |
| 400(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (United Rentals), 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> 7.5%** |  |
| 9700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Of America (Advanced Micro Devices), 16.06%, 5/19/26 | $1096147 |
| 2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America NA (Axcelis Technologies, Inc.), 16.55%, 8/26/25 | &nbsp;&nbsp; 188149 |

---

Victory Pioneer Equity Premium Income Fund \| 7/31/258

------

(unaudited) (continued)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment —<br> (continued)** |  |
| 4300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America NA (Micron Technology, Inc.), 16.44%, 12/31/25 | $408586 |
| 6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Montreal (Nvidia Corp.), 16.643%, 4/13/26 | &nbsp;&nbsp; 804481 |
| 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Broadcom, Inc.), 15.65%, 6/12/26 (144A) | &nbsp;&nbsp; 1103760 |
| 2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Axcelis Technologies, Inc.), 17.42%, 10/3/25 (144A) | &nbsp;&nbsp; 171612 |
| 15400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Microchip Technology, Inc.), 16.09%, 3/11/26 (144A) | &nbsp;&nbsp; 949487 |
| 5200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Nvidia Corp.), 17.21%, 4/10/26 (144A) | &nbsp;&nbsp; 623843 |
| 7,800(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (On Semiconductor Corp.), 8/7/25 | &nbsp;&nbsp; 444405 |
| 11,200(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Micron Technology, Inc.), 8/15/25 | &nbsp;&nbsp; 1103452 |
| 9,100(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Micron Technology, Inc.), 10/28/25 | &nbsp;&nbsp; 1022982 |
| 5,700(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merrill Lynch BV (Axcelis Technologies, Inc.), 12/19/25 | &nbsp;&nbsp; 404671 |
| 5400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman LP (Qualcomm, Inc.), 14.55%, 8/15/25 | &nbsp;&nbsp; 801641 |
| 4200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada (On Semiconductor Corp.), 15.958%, 10/24/25 (144A) | &nbsp;&nbsp; 247947 |
| 9400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo (Axcelis Technologies, Inc.), 16.95%, 8/6/26 | &nbsp;&nbsp; 667400 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Semiconductors & Semiconductor Equipment** | &nbsp;&nbsp; **$10038563** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software — 2.9%** |  |
| 25100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Toast, Inc.), 17.10%, 11/28/25 (144A) | $1085700 |
| 8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Global Markets Holdings, Inc. (Uber Technologies, Inc.), 14.21%, 12/31/25 (144A) | &nbsp;&nbsp; 558526 |
| 17,200(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Bank Plc (Affirm Holdings, Inc.), 10/31/25 | &nbsp;&nbsp; 879866 |
| 28800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Markets Cayman LP (Toast, Inc.), 18.21%, 1/22/26 | &nbsp;&nbsp; 1109750 |
| 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Adobe, Inc.), 11.30%, 12/5/25 | &nbsp;&nbsp; 193090 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Software** | &nbsp;&nbsp;&nbsp;&nbsp; **$3826932** |

---

9Victory Pioneer Equity Premium Income Fund \| 7/31/25

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Principal<br> Amount<br> USD ($)** |  | **Value** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software - Infrastructure — 1.3%** |  |
| 19800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bnp Paribas (Affirm Holdings, Inc.), 21.26%, 6/8/26 (144A) | $1137906 |
| 3,800(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan Structured Products BV (Oracle Corp.), 3/23/26 | &nbsp;&nbsp; 615262 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Software - Infrastructure** | &nbsp;&nbsp;&nbsp;&nbsp; **$1753168** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Speciality Industrial Machinery — 1.6%** |  |
| 6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage Finance (Generac Holdings, Inc.), 13.00%, 2/10/26 (144A) | $1086261 |
| 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank (Chart Industries, Inc.), 14.93%, 2/20/26 | &nbsp;&nbsp; 1076575 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Speciality Industrial Machinery** | &nbsp;&nbsp;&nbsp;&nbsp; **$2162836** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Specialty Retail — 0.8%** |  |
| 4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas Issuance (BV Dick's Sporting Goods, Inc.), 14.54%, 9/23/25 (144A) | $1012752 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Specialty Retail** | &nbsp;&nbsp;&nbsp;&nbsp; **$1012752** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Textiles, Apparel & Luxury Goods — 0.5%** |  |
| 38400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas Issuance BV (Capri Holdings Ltd.), 18.27%, 11/12/25 (144A) | $724992 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Textiles, Apparel & Luxury Goods** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$724992** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Equity Linked Notes<br> (Cost $67,103,653)** | &nbsp;&nbsp; **$67937842** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Shares** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT TERM INVESTMENTS — 3.2% of Net<br> Assets** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Open-End Fund — 3.2%** |  |
| 4,331,407(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management,<br> Institutional Shares, 4.20% | $4331407 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; $4331407 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT TERM INVESTMENTS<br> (Cost $4,331,407)** | &nbsp;&nbsp;&nbsp;&nbsp; **$** **4331407** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 99.5%<br> (Cost $132,561,880)** | **$133448908** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS AND LIABILITIES — 0.5%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $713432 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**net assets — 100.0%** | **$134162340** |

---

Victory Pioneer Equity Premium Income Fund \| 7/31/2510

------

(unaudited) (continued)

---

| | |
|:---|:---|
| (A.D.R.) | &nbsp;&nbsp;American Depositary Receipts. |
| (C.V.A.) | &nbsp;&nbsp;Certificaaten van aandelen (Share Certificates). |
| (G.D.R.) | &nbsp;&nbsp;Global Depositary Receipts. |
| REIT | &nbsp;&nbsp;Real Estate Investment Trust. |
| (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 July 31, 2025, the value of these securities amounted to $23,699,382, or 17.7% of net assets. |

---

---

| | |
|:---|:---|
| (a) | &nbsp;&nbsp;Non-income producing security. |
| (b) | &nbsp;&nbsp;Security is in default. |
| (c) | &nbsp;&nbsp;Security issued with a zero coupon. Income is recognized through accretion of discount. |
| (d) | &nbsp;&nbsp;Rate periodically changes. Rate disclosed is the 7-day yield at July 31, 2025. |
| + | &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;3155905 | &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% |

---

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

RUB — Russian Ruble

11Victory Pioneer Equity Premium Income Fund \| 7/31/25

------

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 July 31, 2025 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 | $14795105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$—\* | &nbsp;&nbsp;$14795105 |
| &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;Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp;&nbsp;5532993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;—\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5532993 |
| &nbsp;&nbsp;&nbsp;All Other Common Stocks | &nbsp;&nbsp;&nbsp;40822246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;40822246 |
| Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29315 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29315 |
| 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;—\* |
| Equity Linked Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;67937842 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;67937842 |
| Open-End Fund | &nbsp;&nbsp;&nbsp;&nbsp;4331407 | &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;4331407 |
| **Total Investments in Securities** | **$65481751** | &nbsp;&nbsp;**$67967157** | &nbsp;&nbsp;**$—\*** | &nbsp;&nbsp;**$133448908** |

---

\* Securities valued at $0.

During the period ended July 31, 2025, there were no transfers in or out of Level 3.

Victory Pioneer Equity Premium Income Fund \| 7/31/2512

## 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:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $137700271.59

**Total Liabilities:** $4317755.17

**Net Assets:** $133382516.42

**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:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256508 | 6.47%                | 5.44%                | 2.18%                |
| Class ID C000256506 | 6.43%                | 5.37%                | 2.05%                |
| Class ID C000256507 | 6.44%                | 5.41%                | 2.16%                |
| Class ID C000256505 | 6.53%                | 5.41%                | 2.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1401455.21             | $7511415.20                                |
| Month 2  | $230022.51               | $5235266.51                                |
| Month 3  | $-638702.77              | $2268499.88                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ROYAL BANK OF CANADA                                | Royal Bank of Canada                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      9500 | PA      | $817475.00    | 0.61%             | 2026-03-20      | Fixed         | 18.92%                | No            |                  2 | On Loan: No      |
| Enbridge Inc                                        | Enbridge Inc                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     26700 | NS      | $1209243.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                               | Mizuho Markets Cayman LP                            | CUSIP: 60700U621<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      3900 | PA      | $961517.70    | 0.72%             | 2026-01-15      | Fixed         | 20.43%                | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                              | Canadian Imperial Bank of Commerce                  | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     20400 | PA      | $666965.76    | 0.50%             | 2025-08-28      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X609<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     14200 | PA      | $424296.00    | 0.32%             | 2025-12-31      | Fixed         | 14.60%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                             | BNP Paribas Issuance BV                             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      9600 | PA      | $1101594.24   | 0.83%             | 2026-05-28      | Fixed         | 20.37%                | No            |                  2 | On Loan: No      |
| IBM                                                 | International Business Machines Corp                | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     11191 | NS      | $2833001.65   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                               | Toronto-Dominion Bank/The                           | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $1076575.00   | 0.81%             | 2026-02-20      | Fixed         | 14.93%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                       | HSBC Bank PLC                                       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     83700 | PA      | $1001889.00   | 0.75%             | 2026-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                   | Eversource Energy                                   | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     36203 | NS      | $2393018.30   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L                      | Oversea-Chinese Banking Corp Ltd                    | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |    150300 | NS      | $1952835.03   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                               | Mizuho Markets Cayman LP                            | CUSIP: 606942308<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      7500 | PA      | $259867.50    | 0.19%             | 2025-10-17      | Fixed         | 15.67%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO                            | JP Morgan Structured Products BV                    | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      4900 | PA      | $346913.34    | 0.26%             | 2025-12-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cousins Properties Inc                              | Cousins Properties Inc                              | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     26550 | NS      | $719505.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                 | Dominion Energy Inc                                 | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     41915 | NS      | $2449931.75   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                               | Mizuho Markets Cayman LP                            | CUSIP: 60700W627<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |     40100 | PA      | $1115582.00   | 0.84%             | 2026-07-09      | Fixed         | 20.77%                | No            |                  2 | On Loan: No      |
| BW LPG Ltd                                          | BW LPG Ltd                                          | CUSIP: 000000000<br>LEI: 5493006WBEME88YFDW23 | Long             | EC               | CORP              | SG        |     40298 | NS      | $541401.94    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X872<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      8000 | PA      | $572560.00    | 0.43%             | 2026-03-05      | Fixed         | 11.86%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                               | Mizuho Markets Cayman LP                            | CUSIP: 60700U175<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      7400 | PA      | $344322.00    | 0.26%             | 2025-12-01      | Fixed         | 12.60%                | No            |                  2 | On Loan: No      |
| State Street Corp                                   | State Street Corp                                   | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     21742 | NS      | $2429668.50   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                            | Citigroup Global Markets Holdings Inc/United States | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     25100 | PA      | $1085700.50   | 0.81%             | 2025-11-28      | Fixed         | 17.10%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                            | Citigroup Global Markets Holdings Inc/United States | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     12000 | PA      | $455580.00    | 0.34%             | 2025-11-10      | Fixed         | 23.55%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                       | HSBC Bank PLC                                       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     19200 | PA      | $1059072.00   | 0.79%             | 2025-09-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |     18400 | PA      | $340400.00    | 0.26%             | 2025-11-21      | Fixed         | 11.73%                | 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      |
| Pfizer Inc                                          | Pfizer Inc                                          | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     53214 | NS      | $1239354.06   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Group Ltd                                        | WH Group Ltd                                        | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | HK        |   1989500 | NS      | $2004706.37   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      5700 | PA      | $404671.50    | 0.30%             | 2025-12-19      | 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      | $480192.00    | 0.36%             | 2026-06-25      | Fixed         | 18.37%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X427<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     17800 | PA      | $1032578.00   | 0.77%             | 2026-05-28      | Fixed         | 16.47%                | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                               | Toronto-Dominion Bank/The                           | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      8800 | PA      | $915376.00    | 0.69%             | 2026-03-13      | Fixed         | 10.68%                | No            |                  2 | On Loan: No      |
| Piedmont Realty Trust Inc                           | Piedmont Realty Trust Inc                           | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142207 | NS      | $1075084.92   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO                            | JP Morgan Structured Products BV                    | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      9100 | PA      | $1022981.96   | 0.77%             | 2025-10-28      | 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        |     27700 | PA      | $1064234.00   | 0.80%             | 2026-08-03      | Fixed         | 15.32%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                            | Citigroup Global Markets Holdings Inc/United States | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |      1100 | PA      | $298210.00    | 0.22%             | 2025-12-31      | Fixed         | 11.98%                | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                       | CITIGROUP - ABERCROMBIE FITCH -A- 20.6              | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |      6500 | PA      | $715130.00    | 0.54%             | 2026-01-15      | Fixed         | 20.67%                | No            |                  2 | On Loan: No      |
| BW LPG Ltd                                          | BW LPG Ltd                                          | CUSIP: 000000000<br>LEI: 5493006WBEME88YFDW23 | Long             | EC               | CORP              | SG        |     58189 | NS      | $777405.04    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightstar Lottery PLC                              | Brightstar Lottery PLC                              | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | US        |     54886 | NS      | $814508.24    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In                      | Philip Morris International Inc                     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      8100 | NS      | $1328805.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Structured Products BV                    | JP MORGAN - MAYPLEBEAR INC 15.27 11 28              | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     18300 | PA      | $808243.29    | 0.61%             | 2025-11-28      | 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        |      3500 | PA      | $937497.05    | 0.70%             | 2025-10-31      | Fixed         | 22.51%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                            | Citigroup Global Markets Holdings Inc/United States | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       900 | PA      | $518782.50    | 0.39%             | 2026-01-27      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                            | Citigroup Global Markets Holdings Inc/United States | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |     11600 | PA      | $379550.84    | 0.28%             | 2025-12-01      | Fixed         | 23.58%                | No            |                  2 | On Loan: No      |
| Cal-Maine Foods Inc                                 | Cal-Maine Foods Inc                                 | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     13000 | NS      | $1444820.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                                        | ING Groep NV                                        | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     44774 | NS      | $1046958.86   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                               | Toronto-Dominion Bank/The                           | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      6700 | PA      | $811437.00    | 0.61%             | 2025-09-30      | Fixed         | 11.65%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                       | HSBC Bank PLC                                       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     17200 | PA      | $879866.00    | 0.66%             | 2025-10-31      | 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      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X245<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      8200 | PA      | $1091584.00   | 0.82%             | 2026-07-27      | Fixed         | 18.64%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                            | Citigroup Global Markets Holdings Inc/United States | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |      2400 | PA      | $171612.00    | 0.13%             | 2025-10-03      | Fixed         | 17.42%                | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                                    | ABN AMRO Bank NV                                    | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |     94344 | NS      | $2730393.85   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                               | Toronto-Dominion Bank/The                           | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |       500 | PA      | $193090.00    | 0.14%             | 2025-12-05      | Fixed         | 11.30%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                             | BNP Paribas Issuance BV                             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     38400 | PA      | $724992.00    | 0.54%             | 2025-11-12      | Fixed         | 18.27%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                             | BNP Paribas Issuance BV                             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     19800 | PA      | $1137906.00   | 0.85%             | 2026-06-08      | Fixed         | 21.26%                | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                        | Citizens Financial Group Inc                        | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     43755 | NS      | $2087988.60   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                             | BNP Paribas Issuance BV                             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      4000 | PA      | $1103760.00   | 0.83%             | 2026-06-12      | Fixed         | 15.65%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                       | HSBC Bank PLC                                       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |      7200 | PA      | $939672.00    | 0.70%             | 2025-09-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp                                      | Whirlpool Corp                                      | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      8052 | NS      | $668638.08    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                                    | Altria Group Inc                                    | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     31257 | NS      | $1936058.58   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                      | Morgan Stanley                                      | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     16258 | NS      | $2316114.68   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                               | Toronto-Dominion Bank/The                           | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      7000 | PA      | $729155.00    | 0.55%             | 2025-11-28      | Fixed         | 21.25%                | No            |                  2 | 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      | $1050507.00   | 0.79%             | 2026-02-10      | 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      | $29314.80     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Structured Products BV                    | JP MORGAN - CROCS INC 14.76 08 06 2026              | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      9900 | PA      | $987327.00    | 0.74%             | 2026-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X468<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     25400 | PA      | $874268.00    | 0.66%             | 2026-05-19      | Fixed         | 17.11%                | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings Inc/United States | CITIGROUP - UBER TECHNOLOGIES INC 14.21             | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |      8000 | PA      | $558525.60    | 0.42%             | 2025-12-31      | Fixed         | 14.21%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                             | BNP Paribas Issuance BV                             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     73500 | PA      | $814380.00    | 0.61%             | 2025-07-31      | Fixed         | 13.72%                | 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    | 0.47%             | 2026-04-10      | Fixed         | 17.21%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      2700 | PA      | $188149.50    | 0.14%             | 2025-08-26      | Fixed         | 16.55%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIO                            | Goldman Sachs International                         | CUSIP: 38149C436<br>LEI: W22LROWP2IHZNBB6K528 | Long             | DBT              | CORP              | GB        |     20100 | PA      | $1110081.19   | 0.83%             | 2026-02-20      | Fixed         | 14.90%                | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                              | MIZUHO MARKETS - TOAST INC-CLASS A 18.21            | CUSIP: 60700U654<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |     28800 | PA      | $1109750.40   | 0.83%             | 2026-01-22      | Fixed         | 18.21%                | 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      | $615262.14    | 0.46%             | 2026-03-23      | 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        |      4800 | PA      | $1012752.00   | 0.76%             | 2025-09-23      | Fixed         | 14.54%                | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                | ROYAL BANK OF CANADA - ELANCO ANIMAL HEA            | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     55800 | PA      | $756369.00    | 0.57%             | 2025-11-28      | Fixed         | 14.20%                | No            |                  2 | On Loan: No      |
| BXP Inc                                             | BXP Inc                                             | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     17830 | NS      | $1166616.90   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO                            | JP Morgan Structured Products BV                    | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      5300 | PA      | $591119.07    | 0.44%             | 2026-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corp                              | Regions Financial Corp                              | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     70524 | NS      | $1786372.92   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC BANK PLC                                       | HSBC Bank PLC                                       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |      9600 | PA      | $343678.37    | 0.26%             | 2025-08-25      | 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        |     20600 | PA      | $919180.24    | 0.69%             | 2026-03-13      | Fixed         | 15.25%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                               | Mizuho Markets Cayman LP                            | CUSIP: 60700U613<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |     15100 | PA      | $900798.05    | 0.68%             | 2026-01-15      | Fixed         | 14.60%                | No            |                  2 | 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      |
| ROYAL BANK OF CANADA                                | Royal Bank of Canada                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      4200 | PA      | $247947.00    | 0.19%             | 2025-10-24      | Fixed         | 15.96%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO                            | JP Morgan Structured Products BV                    | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      9200 | PA      | $697878.14    | 0.52%             | 2026-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV                             | BNP PARIBAS - PERRIGO CO PLC 15.12 11 2             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     27900 | PA      | $751347.00    | 0.56%             | 2025-11-28      | Fixed         | 15.12%                | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                    | ASR Nederland NV                                    | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     38462 | NS      | $2561585.82   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      6900 | PA      | $663849.00    | 0.50%             | 2025-08-29      | Fixed         | 11.81%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |       900 | PA      | $209439.00    | 0.16%             | 2026-04-07      | Fixed         | 13.63%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO                            | JP Morgan Structured Products BV                    | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     11200 | PA      | $1103451.89   | 0.83%             | 2025-08-15      | 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        |     78000 | PA      | $1063233.60   | 0.80%             | 2025-09-22      | None          | 0.00%                 | 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      |
| Sino Land Co Ltd                                    | Sino Land Co Ltd                                    | CUSIP: 000000000<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |    588000 | NS      | $677885.35    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL                                    | Bank of Montreal                                    | CUSIP: 06370C730<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     11700 | PA      | $1112400.90   | 0.83%             | 2026-04-09      | Fixed         | 15.21%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      4300 | PA      | $226352.00    | 0.17%             | 2025-12-31      | Fixed         | 12.57%                | No            |                  2 | On Loan: No      |
| BP PLC                                              | BP PLC                                              | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     59077 | NS      | $1899325.55   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                        | LyondellBasell Industries NV                        | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |     12889 | NS      | $746659.77    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Star Bulk Carriers Corp                             | Star Bulk Carriers Corp                             | CUSIP: 000000000<br>LEI: 549300SO3FMK7H6DDY54 | Long             | EC               | CORP              | GR        |     55231 | NS      | $1008518.06   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management                  | Dreyfus Government Cash Management                  | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   5184615 | NS      | $5184615.49   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                       | Rio Tinto PLC                                       | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     13526 | NS      | $808449.02    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                             | BNP Paribas Issuance BV                             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |     17400 | PA      | $898362.00    | 0.67%             | 2026-05-19      | Fixed         | 15.05%                | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                              | Canadian Imperial Bank of Commerce                  | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |      5500 | PA      | $291198.88    | 0.22%             | 2026-03-16      | Fixed         | 18.15%                | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                              | DBS Group Holdings Ltd                              | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     70620 | NS      | $2605825.79   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                           | United Parcel Service Inc                           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      9263 | NS      | $798100.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV                             | BNP Paribas Issuance BV                             | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |      7800 | PA      | $982644.00    | 0.74%             | 2026-07-09      | Fixed         | 17.46%                | No            |                  2 | 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    | 0.18%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                 | WELLS FARGO - AXCELIS TECHNOLOGIES INC 1            | CUSIP: 95003X187<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      9400 | PA      | $667400.00    | 0.50%             | 2026-08-06      | Fixed         | 16.95%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                       | HSBC Bank PLC                                       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |     15500 | PA      | $929147.50    | 0.70%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP                            | MIZUHO MARKETS - CAMECO CORP 15.5 11 28             | CUSIP: 60700U191<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |     13400 | PA      | $837084.60    | 0.63%             | 2025-11-28      | Fixed         | 15.55%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO                            | JP Morgan Structured Products BV                    | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      4400 | PA      | $1039465.24   | 0.78%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                       | HSBC Bank PLC                                       | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |      7800 | PA      | $444405.00    | 0.33%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN                               | Mizuho Markets Cayman LP                            | CUSIP: 60700T400<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |      5400 | PA      | $801640.80    | 0.60%             | 2025-08-15      | Fixed         | 14.55%                | No            |                  2 | 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      | $1086261.00   | 0.81%             | 2026-02-10      | 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        |     15400 | PA      | $949487.00    | 0.71%             | 2026-03-11      | Fixed         | 16.09%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                | Royal Bank of Canada                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     14600 | PA      | $1164846.40   | 0.87%             | 2025-10-31      | Fixed         | 16.03%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                | Royal Bank of Canada                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    231000 | PA      | $816585.00    | 0.61%             | 2026-04-30      | Fixed         | 17.01%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIO                            | Goldman Sachs International                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | Long             | DBT              | CORP              | GB        |      3300 | PA      | $1083390.00   | 0.81%             | 2025-10-16      | Fixed         | 23.60%                | No            |                  2 | On Loan: No      |
| Chord Energy Corp                                   | Chord Energy Corp                                   | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     10021 | NS      | $1105616.93   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Structured Products BV                    | JP MORGAN - DRAFTKINGS INC-CL A 16.40 0             | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |     25400 | PA      | $1059817.54   | 0.79%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      4300 | PA      | $408586.00    | 0.31%             | 2025-12-31      | Fixed         | 16.44%                | No            |                  2 | On Loan: No      |
| Aviva PLC                                           | Aviva PLC                                           | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    344322 | NS      | $2949371.32   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                          | Verizon Communications Inc                          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     46069 | NS      | $1969910.44   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                        | Comerica Inc                                        | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     24424 | NS      | $1650329.68   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                                   | Redwood Trust Inc                                   | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    297974 | NS      | $1626938.04   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                                    | FirstEnergy Corp                                    | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     54170 | NS      | $2313600.70   | 1.73%             |  |  |  | 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   | 0.86%             | 2026-04-28      | Fixed         | 22.38%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |     16500 | PA      | $960465.00    | 0.72%             | 2026-06-24      | Fixed         | 12.84%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X385<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     20900 | PA      | $1050643.00   | 0.79%             | 2026-06-08      | Fixed         | 13.46%                | No            |                  2 | On Loan: No      |
| ING Groep NV                                        | ING Groep NV                                        | CUSIP: 456837103<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     40000 | NS      | $934400.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL                                    | Bank of Montreal                                    | CUSIP: 06370C748<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |      6600 | PA      | $804480.60    | 0.60%             | 2026-04-13      | Fixed         | 16.64%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                                    | Merrill Lynch BV                                    | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      9700 | PA      | $1096146.56   | 0.82%             | 2026-05-19      | Fixed         | 16.06%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X369<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     25200 | PA      | $1022112.00   | 0.77%             | 2026-06-12      | Fixed         | 13.92%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                 | Wells Fargo Bank NA                                 | CUSIP: 95003X120<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |     16000 | PA      | $630725.92    | 0.47%             | 2026-05-08      | Fixed         | 33.63%                | 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   | 0.83%             | 2026-02-10      | Fixed         | 14.13%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-24

**Name of Applicant:** Victory Portfolios IV

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer