# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041032
**Filing Date:** 2023-2
**Character Count:** 44617
**Document Hash:** 8b198a938533f6d4565675ab8c60c434
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041032.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041032

**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**: 20230630

**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:** 23670820

**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 Integrity Mid-Cap Value Fund (Series ID: S000046397)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144991 | Class A      | MAIMX           |
| C000144992 | Class Y      | MYIMX           |
| C000164741 | Class R6     | MRIMX           |
| C000217047 | Class C      | MCIMX           |
| C000219863 | Member Class | MMIJX           |

## 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 Integrity Mid-Cap Value Fund

- **b. EDGAR series identifier (if any):** S000046397

- **c. LEI of Series:** 549300RKLZH9RUSBXP40

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

- **a. Date of fiscal year-end:** 2023-06-30

- **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:** $297086114.88

**Total Liabilities:** $1888373.80

**Net Assets:** $295197741.08

**Cash Not Reported:** $4003999.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217047 | 10.17%               | 5.34%                | -4.43%               |
| Class ID C000164741 | 10.30%               | 5.40%                | -4.35%               |
| Class ID C000219863 | 10.28%               | 5.39%                | -4.36%               |
| Class ID C000144991 | 10.26%               | 5.40%                | -4.39%               |
| Class ID C000144992 | 10.28%               | 5.42%                | -4.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1209033.02              | $26146558.18                               |
| Month 2  | $3582807.78              | $12426097.84                               |
| Month 3  | $910262.60               | $-15057857.95                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Xcel Energy Inc.                                | XCEL ENERGY INC                       | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     42900 | NS      | $3007719.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORPORATION                            | Westlake Corp                         | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     21806 | NS      | $2235987.24   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HESS CORPORATION                                | HESS CORP                             | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     19965 | NS      | $2831436.30   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                       | NEXSTAR MEDIA GROUP INC               | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     12199 | NS      | $2135190.97   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.       | KNIGHT SWIFT TRANSPORTATION           | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44284 | NS      | $2320924.44   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | WABTEC CORP                           | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     26136 | NS      | $2608634.16   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                 | UGI CORP                              | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     71654 | NS      | $2656213.78   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORPORATION                 | WESTERN ALLIANCE BANCORP              | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     39798 | NS      | $2370368.88   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                        | CENTERPOINT ENERGY INC                | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     99438 | NS      | $2982145.62   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                          | BWX TECHNOLOGIES INC                  | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     40819 | NS      | $2370767.52   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES, INC.             | HUNTINGTON INGALLS INDUSTRIES INC     | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      7670 | NS      | $1769315.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PERRIGO COMPANY PUBLIC LIMITED COMPANY          | PERRIGO CO PLC                        | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |     54916 | NS      | $1872086.44   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PUBLIC LIMITED COMPANY                   | STERIS PLC                            | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     12417 | NS      | $2293295.73   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON, INC.                               | DR HORTON INC                         | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     30763 | NS      | $2742213.82   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| APARTMENT INCOME REIT CORP.                     | APARTMENT INCOME REIT CORP            | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78339 | NS      | $2687811.09   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHLAND INC.                                    | ASHLAND INC                           | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     23000 | NS      | $2473190.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FORMULA ONE GROUP                               | LIBERTY MEDIA GROUP CLASS C           | CUSIP: 531229854<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     31980 | NS      | $1911764.40   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLUTIONS, INC.                        | SKYWORKS SOLUTIONS INC                | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     18986 | NS      | $1730194.18   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| VERINT SYSTEMS INC.                             | VERINT SYSTEMS INC                    | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |     51041 | NS      | $1851767.48   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY     | JAZZ PHARMACEUTICALS PLC              | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |     16351 | NS      | $2604877.81   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.                        | DIAMONDBACK ENERGY INC                | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     17916 | NS      | $2450550.48   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORPORATION                           | BRUNSWICK CORP                        | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     24500 | NS      | $1765960.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                              | DTE ENERGY CO                         | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     20473 | NS      | $2406191.69   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA, INCORPORATED      | REINSURANCE GROUP OF AMERICA INC      | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     21447 | NS      | $3047404.23   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COTY INC.                                       | COTY INC CL A                         | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |    320364 | NS      | $2742315.84   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Lions Gate Entertainment Corp.                  | LIONS GATE ENTERTAINMENT              | CUSIP: 535919500<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | CA        |    165600 | NS      | $899208.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                        | DEVON ENERGY CORP                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     39527 | NS      | $2431305.77   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FOOT LOCKER, INC.                               | FOOT LOCKER INC                       | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     51900 | NS      | $1961301.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP COMPANY                  | PERFORMANCE FOOD GROUP CO             | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     38079 | NS      | $2223432.81   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER COMPANY                            | WEYERHAEUSER CO                       | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     46189 | NS      | $1431859.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER-HANNIFIN CORPORATION                     | PARKER HANNIFIN CORP                  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     12205 | NS      | $3551655.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR, INC.                                       | KBR INC                               | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     43341 | NS      | $2288404.80   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                      | MSILF GOVERNMENT-INST                 | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    391425 | NS      | $391425.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                                | OLIN CORP                             | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     49643 | NS      | $2628100.42   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J. GALLAGHER & CO.                       | ARTHUR J GALLAGHER CO                 | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     17768 | NS      | $3349978.72   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                        | ALLSTATE CORP                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     17809 | NS      | $2414900.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS INSTRUMENTS, INC.                           | MKS INSTRUMENTS INC                   | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     25086 | NS      | $2125536.78   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                    | EVERGY INC                            | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     40605 | NS      | $2555272.65   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                           | DELTA AIR LINES INC                   | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     80550 | NS      | $2646873.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                        | RALPH LAUREN CORP                     | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     27589 | NS      | $2915329.63   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART, INC.                                    | COPART INC                            | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     42966 | NS      | $2616199.74   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                      | BUILDERS FIRSTSOURCE INC              | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     28500 | NS      | $1849080.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                                   | ORGANON CO                            | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     79653 | NS      | $2224708.29   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                            | GLOBAL PAYMENTS INC                   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     32304 | NS      | $3208433.28   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES, INC.                               | ROSS STORES INC                       | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     25123 | NS      | $2916026.61   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ELANCO ANIMAL HEALTH INCORPORATED               | ELANCO ANIMAL HEALTH INC              | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    151085 | NS      | $1846258.70   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION, INC.                       | ROCKWELL AUTOMATION INC               | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      9100 | NS      | $2343887.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA, INC.                                   | CORTEVA INC                           | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     42677 | NS      | $2508554.06   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE HOLDINGS, CO.                             | CRANE HOLDINGS CO                     | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     19539 | NS      | $1962692.55   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC TECHNOLOGY COMPANY                          | DXC TECHNOLOGY CO                     | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     93000 | NS      | $2464500.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                    | TENET HEALTHCARE CORP                 | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     38053 | NS      | $1856605.87   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE, INC.                 | OLD DOMINION FREIGHT LINE INC         | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     10085 | NS      | $2861921.30   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                    | ENCOMPASS HEALTH CORP                 | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     45647 | NS      | $2730147.07   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED              | HUNTINGTON BANCSHARES INC             | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    242319 | NS      | $3416697.90   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                             | FIFTH THIRD BANCORP                   | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    126594 | NS      | $4153549.14   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT INC.                                        | ITT INC                               | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     31970 | NS      | $2592767.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AVERY DENNISON CORPORATION                      | AVERY DENNISON CORP                   | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     12580 | NS      | $2276980.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                            | VICI PROPERTIES INC                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    114488 | NS      | $3709411.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS, INC.                    | ZIMMER BIOMET HOLDINGS INC            | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     18262 | NS      | $2328405.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                      | JABIL INC                             | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     34836 | NS      | $2375815.20   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY                  | ARCHER DANIELS MIDLAND CO             | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     21933 | NS      | $2036479.05   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ARAMARK                                         | ARAMARK                               | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     58065 | NS      | $2400407.10   | 0.81%             |  |  |  | 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        |    391425 | NS      | $391425.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                               | FIRSTENERGY CORP                      | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     45835 | NS      | $1922319.90   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                    | CUMMINS INC                           | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     13210 | NS      | $3200650.90   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                        | MOTOROLA SOLUTIONS INC                | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     16443 | NS      | $4237525.53   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BERRY GLOBAL GROUP, INC.                        | BERRY GLOBAL GROUP INC                | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |     46463 | NS      | $2807759.09   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP, INC.                  | AMERICAN FINANCIAL GROUP INC          | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     19619 | NS      | $2693296.32   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                        | STATE STREET CORP                     | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     46500 | NS      | $3607005.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORPORATION                             | OSHKOSH CORP                          | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     29563 | NS      | $2607160.97   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| JUNIPER NETWORKS, INC.                          | JUNIPER NETWORKS INC                  | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |     87800 | NS      | $2806088.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD FINANCIAL SERVICES GROUP, INC.     | HARTFORD FINANCIAL SERVICES GROUP INC | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     34803 | NS      | $2639111.49   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                   | REGIONS FINANCIAL CORP                | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    129331 | NS      | $2788376.36   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NORWEGIAN CRUISE LINE HOLDINGS LTD.             | NORWEGIAN CRUISE LINE HOLDINGS LTD    | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    124122 | NS      | $1519253.28   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| CAESARS ENTERTAINMENT, INC.                     | CAESARS ENTERTAINMENT INC             | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |     41100 | NS      | $1709760.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                               | YUM BRANDS INC                        | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     23341 | NS      | $2989515.28   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON COMPANY                             | HALLIBURTON CO                        | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     83282 | NS      | $3277146.70   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC.          | ARTISAN PARTNERS ASSET MA A           | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     69534 | NS      | $2065159.80   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK                             | FIRST REPUBLIC BANK CA                | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |     18183 | NS      | $2216325.87   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTORIA'S SECRET & CO.                         | VICTORIA S SECRET CO                  | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     45049 | NS      | $1611853.22   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTAIR PUBLIC LIMITED COMPANY                  | PENTAIR PLC                           | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     48169 | NS      | $2166641.62   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA                | PACKAGING CORP OF AMERICA             | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     14870 | NS      | $1902021.70   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY, INC.                                  | TAPESTRY INC                          | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     79038 | NS      | $3009767.04   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORPORATION                      | NORTHERN TRUST CORP                   | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     29260 | NS      | $2589217.40   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES, INC.                         | REPUBLIC SERVICES INC                 | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     20043 | NS      | $2585346.57   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                                       | APTIV PLC                             | CUSIP: G6095L109<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     23035 | NS      | $2145249.55   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| LABORATORY CORPORATION OF AMERICA HOLDINGS      | LABORATORY CORP OF AMERICA HOLDINGS   | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      9000 | NS      | $2119320.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                            | M T BANK CORP                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     17800 | NS      | $2582068.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS, INC.                         | DUPONT DE NEMOURS INC                 | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     43800 | NS      | $3005994.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORPORATION                     | WESTERN DIGITAL CORP                  | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     70647 | NS      | $2228912.85   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS, INC.                     | HOST HOTELS RESORTS INC               | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    159046 | NS      | $2552688.30   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORPORATION                       | REALTY INCOME CORP                    | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     68000 | NS      | $4313240.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO           | INVESCO GVT & AGNCY-INST              | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    391425 | NS      | $391425.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.                       | WESCO INTERNATIONAL                   | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     15830 | NS      | $1981916.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE, INC.                               | DOLLAR TREE INC                       | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     16458 | NS      | $2327819.52   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVEL + LEISURE CO.                            | TRAVEL LEISURE CO                     | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     44000 | NS      | $1601600.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC.                           | HOWMET AEROSPACE INC                  | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     64977 | NS      | $2560743.57   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S WHOLESALE CLUB HOLDINGS, INC.              | BJ S WHOLESALE CLUB HOLDINGS INC      | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     31236 | NS      | $2066573.76   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.             | TAKE TWO INTERACTIVE SOFTWARE         | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     20497 | NS      | $2134352.61   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP.                                    | VISTRA CORP                           | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    108278 | NS      | $2512049.60   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RESOURCES CORPORATION                    | ANTERO RESOURCES CORP                 | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     60828 | NS      | $1885059.72   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                                      | UNUM GROUP                            | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     65415 | NS      | $2683977.45   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC.                                  | WELLTOWER INC                         | CUSIP: 95040Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61364 | NS      | $4022410.20   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                           | CHENIERE ENERGY INC                   | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     15842 | NS      | $2375666.32   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY                   | MOLSON COORS BEVERAGE CO              | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     50824 | NS      | $2618452.48   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.               | CONSTELLATION ENERGY CORP             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     36003 | NS      | $3103818.63   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CURTISS-WRIGHT CORPORATION                      | CURTISS WRIGHT CORP                   | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     12728 | NS      | $2125448.72   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORPORATION                    | ON SEMICONDUCTOR CORP                 | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     24000 | NS      | $1496880.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                             | CENTENE CORP                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     25584 | NS      | $2098143.84   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY INVESTMENT TRUST                 | FEDERAL REALTY INVESTMENT TRUST       | CUSIP: 313745101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25504 | NS      | $2576924.16   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                 | PPL CORP                              | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     84000 | NS      | $2454480.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                            | STEEL DYNAMICS INC                    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     16077 | NS      | $1570722.90   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DOVER CORPORATION                               | DOVER CORP                            | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     23640 | NS      | $3201092.40   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD.                         | ARCH CAPITAL GROUP LIMITED            | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     38683 | NS      | $2428518.74   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST, INC.                      | ESSEX PROPERTY TRUST INC              | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     15488 | NS      | $3282216.96   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORPORATION                               | CIENA CORP                            | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     51432 | NS      | $2622003.36   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                              | TIMKEN CO                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     20536 | NS      | $1451279.12   | 0.49%             |  |  |  | No            |                  1 | 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        |    391425 | NS      | $391425.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE STEEL & ALUMINUM CO.                   | RELIANCE STEEL ALUMINUM COMPANY       | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     10457 | NS      | $2116915.08   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD.                                       | FLEX LTD                              | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |    146815 | NS      | $3150649.90   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMB WESTON HOLDINGS, INC.                      | LAMB WESTON HOLDING INC               | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     26972 | NS      | $2410217.92   | 0.82%             |  |  |  | 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