# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041257
**Filing Date:** 2023-2
**Character Count:** 14209
**Document Hash:** 6c36086ea344f485406f7b85a90205ac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041257.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041257

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716
- **IRS NUMBER:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 23671056

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

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

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

## Series and Classes Contracts Data

### Victory RS Investors Fund (Series ID: S000053583)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168416 | Class A      | RSINX           |
| C000168417 | Class C      | RIVCX           |
| C000168418 | Class R      | RSIKX           |
| C000168419 | Class Y      | RSIYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

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

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

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

- **b. EDGAR series identifier (if any):** S000053583

- **c. LEI of Series:** 549300GPW0YP6P6L5K67

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $45204530.86

**Total Liabilities:** $67080.81

**Net Assets:** $45137450.05

**Cash Not Reported:** $2094601.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168418 | 9.94%                | 4.82%                | -3.83%               |
| Class ID C000168416 | 9.94%                | 4.97%                | -3.81%               |
| Class ID C000168419 | 10.04%               | 4.92%                | -3.80%               |
| Class ID C000168417 | 9.87%                | 4.85%                | -3.83%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-218227.70              | $4016728.54                                |
| Month 2  | $81194.68                | $2101733.02                                |
| Month 3  | $-16816.53               | $-1832427.49                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LKQ CORPORATION                              | LKQ CORPORATION                            | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     21020 | NS      | $1122678.20   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                | ALPHABET INC CLASS A                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10590 | NS      | $934355.70    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN, INC.                          | BROWN BROWN INC                            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     34830 | NS      | $1984265.10   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                       | US FOODS HOLDING CORP                      | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     45950 | NS      | $1563219.00   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED           | FAIRFAX FINANCIAL HOLDINGS LTD             | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      3620 | NS      | $2144698.92   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company  | WILLIS TOWERS WATSON PLC                   | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      6720 | NS      | $1643577.60   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC ENERGY, INC.                             | PDC ENERGY INC                             | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     16860 | NS      | $1070272.80   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets, Inc.                    | CBOE GLOBAL MARKETS INC                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     14680 | NS      | $1841899.60   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                             | OLIN CORP                                  | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     26490 | NS      | $1402380.60   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY             | MEDTRONIC PLC                              | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     13450 | NS      | $1045334.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corporation                           | MARKEL CORP                                | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      1630 | NS      | $2147508.70   | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                 | ENCOMPASS HEALTH CORP                      | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     24180 | NS      | $1446205.80   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COMERICA INCORPORATED                        | COMERICA INC                               | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      7830 | NS      | $523435.50    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL AND GAS, INC.                   | NORTHERN OIL AND GAS INC                   | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     40060 | NS      | $1234649.20   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORPORATION.                           | FLUOR CORP                                 | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     33020 | NS      | $1144473.20   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITE MOUNTAINS INSURANCE GROUP, LTD.        | WHITE MOUNTAINS INSURANCE GROUP LIMITED    | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      1250 | NS      | $1767912.50   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP.                                 | VISTRA CORP                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     87780 | NS      | $2036496.00   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORPORATION                       | SEALED AIR CORP                            | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     25930 | NS      | $1293388.40   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES, INC.                       | FEDERATED HERMES INC                       | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     49510 | NS      | $1797708.10   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF N.T. BUTTERFIELD & SON LIMITED (THE) | BANK OF NT BUTTERFIELD SON LTD THE         | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |     30940 | NS      | $922321.40    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES, INC. | FIDELITY NATIONAL INFORMATION SERVICES INC | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     20910 | NS      | $1418743.50   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROPERTY TRUST, INC.            | FOUR CORNERS PROPERTY TRUST INC            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     41730 | NS      | $1082058.90   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                        | KEURIG DR PEPPER INC                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     41730 | NS      | $1488091.80   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VERINT SYSTEMS INC.                          | VERINT SYSTEMS INC                         | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |     43630 | NS      | $1582896.40   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY            | GRAPHIC PACKAGING HOLDING CO               | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64710 | NS      | $1439797.50   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                  | PROGRESSIVE CORP                           | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     13790 | NS      | $1788700.90   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                                  | HUMANA INC                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      2560 | NS      | $1311206.40   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS, INC.                 | ZIMMER BIOMET HOLDINGS INC                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     10160 | NS      | $1295400.00   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                            | MERCK CO INC                               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     12830 | NS      | $1423488.50   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES HOLDING PLC             | SENSATA TECHNOLOGIES HOLDING               | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     26750 | NS      | $1080165.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Victory Portfolios

**Signature:** Allan Shaer

**Name of Signer:** Allan Shaer

**Title:** Treasurer