# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-004271
**Filing Date:** 2026-5
**Character Count:** 15922
**Document Hash:** f2017c5b0897a00d701fa9d9f6ef45b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004271.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004271

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 261032889

**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 Global Energy Transition Fund (Series ID: S000053568)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168359 | Class A      | RSNRX           |
| C000168360 | Class C      | RGNCX           |
| C000168362 | Class Y      | RSNYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

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

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

- **a. Name of Series:** Victory Global Energy Transition Fund

- **b. EDGAR series identifier (if any):** S000053568

- **c. LEI of Series:** 549300X50UTTG6F4HI95

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $593626645.91

**Total Liabilities:** $47559218.25

**Net Assets:** $546067427.66

**Cash Not Reported:** $50213473.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168362 | 13.67%               | 2.21%                | 0.67%                |
| Class ID C000168360 | 13.55%               | 2.12%                | 0.57%                |
| Class ID C000168359 | 13.65%               | 2.18%                | 0.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $27317216.74             | $34407136.33                               |
| Month 2  | $6797641.29              | $9008185.80                                |
| Month 3  | $6934302.27              | $-5203664.67                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Norsk Hydro ASA                                | NORSK HYDRO ASA                       | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |   1147564 | NS      | $12239659.77  | 2.24%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND | GLDMN SCHS FIN SQ GV-FST              | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  10404450 | NS      | $10404449.82  | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| IVANHOE MINES LTD.                             | IVANHOE MINES LTD                     | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    686000 | NS      | $5864217.41   | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| HUBBELL INCORPORATED                           | HUBBELL INC                           | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     10630 | NS      | $5216566.20   | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.              | CONSTELLATION ENERGY CORP             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     12970 | NS      | $3621872.50   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND           | HSBC US GOVT MMKT-I                   | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  10404450 | NS      | $10404449.82  | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                   | WILLIAMS COS INC                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    151236 | NS      | $11006956.08  | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL, INC.           | COMPASS MINERALS INTERNATIONAL        | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |   2643505 | NS      | $61725841.75  | 11.30%            |  |  |  | No            | 1                  | On Loan: No      |
| PEYTO EXPLORATION & DEVELOPMENT CORP.          | PEYTO EXPLORATION DEVELOPMENT CORP    | CUSIP: 717046106<br>LEI: 98450004AE67F646C503 | Long             | EC               | CORP              | CA        |    915708 | NS      | $17894128.58  | 3.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Nutrien Ltd.                                   | NUTRIEN LTD                           | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    115533 | NS      | $8718120.18   | 1.60%             |  |  |  | No            | 1                  | On Loan: No      |
| RANGE RESOURCES CORPORATION                    | RANGE RESOURCES CORP                  | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    515948 | NS      | $23310530.64  | 4.27%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNRISE ENERGY METALS LTD                      | SUNRISE ENERGY METALS LTD             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | AU        |   3069985 | NS      | $15102708.30  | 2.77%             |  |  |  | No            | 3                  | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                    | FIRST QUANTUM MINERALS LTD            | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    262942 | NS      | $6287620.19   | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| MATERION CORPORATION                           | MATERION CORP                         | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     36731 | NS      | $5313139.15   | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| ANTERO RESOURCES CORPORATION                   | ANTERO RESOURCES CORP                 | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    450868 | NS      | $19134837.92  | 3.50%             |  |  |  | No            | 1                  | On Loan: No      |
| West Fraser Timber Co. Ltd.                    | WEST FRASER TIMBER CO LTD             | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    158854 | NS      | $10377075.59  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| KEYERA CORP.                                   | KEYERA CORP                           | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |    691140 | NS      | $26738258.25  | 4.90%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNRISE ENERGY METALS WTS                      | SUNRISE ENERGY METALS WTS             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | AU        |    360262 | NS      | $1061819.87   | 0.19%             |  |  |  | No            | 3                  | On Loan: No      |
| ANTOFAGASTA PLC                                | ANTOFAGASTA PLC                       | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     89074 | NS      | $3993868.53   | 0.73%             |  |  |  | No            | 2                  | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                   | NEW LINDE PLC                         | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     61207 | NS      | $30343982.32  | 5.56%             |  |  |  | No            | 1                  | On Loan: No      |
| ILUKA RESOURCES LIMITED                        | ILUKA RESOURCES LTD                   | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |   8427807 | NS      | $39611532.37  | 7.25%             |  |  |  | No            | 2                  | On Loan: No      |
| ENERGY VAULT HOLDINGS, INC.                    | ENERGY VAULT HOLDINGS INC             | CUSIP: 29280W109<br>LEI: 254900VMTXIU80WPJR14 | Long             | EC               | CORP              | US        |   2657126 | NS      | $8768515.80   | 1.61%             |  |  |  | No            | 1                  | On Loan: —       |
| Ivanhoe Electric Inc                           | IVANHOE ELECTRIC INC US               | CUSIP: 46578C108<br>LEI: 529900CQSYGI54GDUR52 | Long             | EC               | CORP              | US        |    824191 | NS      | $9741937.62   | 1.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Sociedad Quimica y Minera de Chile S.A.        | SOCIEDAD QUIMICA Y MINERA DE CHILE SA | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             |  | CORP              | CL        |     46427 | NS      | $3757801.38   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| CORPORATION CAMECO                             | CAMECO CORP                           | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     43865 | NS      | $4770937.67   | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS L.P.              | ENTERPRISE PRODUCTS PARTNERS LP       | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             |  | CORP              | US        |    686648 | NS      | $25982760.32  | 4.76%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST              | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  10404450 | NS      | $10404449.82  | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Metals Acquisition Corp II                     | METALS ACQUISITION CORP II            | CUSIP: G60420125<br>LEI: N/A                  | Long             |  | CORP              | KY        |    533695 | NS      | $5384982.55   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| ARC RESOURCES LTD.                             | ARC RESOURCES LTD                     | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |    969662 | NS      | $20182410.60  | 3.70%             |  |  |  | No            | 1                  | On Loan: —       |
| IVANHOE ELECTRIC INC                           | IVANHOE ELECTRIC INC                  | CUSIP: 46578X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    960821 | NS      | $11347296.01  | 2.08%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNRISE ENERGY METALS LIMITED                  | SUNRISE ENERGY METALS LTD             | CUSIP: N/A<br>LEI: 529900AYAT2TIC68VA49       | Long             | EC               | CORP              | AU        |   7318265 | NS      | $44927137.88  | 8.23%             |  |  |  | No            | 2                  | On Loan: —       |
| CANADIAN DOLLAR                                | CANADIAN DOLLAR                       | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CA        |    768809 | NS      | $552741.76    | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| TOURMALINE OIL CORP.                           | TOURMALINE OIL CORP                   | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |    336347 | NS      | $16100354.63  | 2.95%             |  |  |  | No            | 1                  | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                 | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  10404450 | NS      | $10404449.81  | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| MARTIN MARIETTA MATERIALS, INC.                | MARTIN MARIETTA MATERIALS INC         | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      6610 | NS      | $3891174.80   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| TAMARACK VALLEY ENERGY LTD.                    | TAMARACK VALLEY ENERGY LTD            | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |   4301808 | NS      | $35567468.55  | 6.51%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

**Name of Applicant:** Victory Portfolios

**Signature:** Carol D. Trevino

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

**Title:** Treasurer