Victory Portfolios | Schedule of Portfolio Investments | |||
Victory Diversified Stock Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Common Stocks (98.1%) | ||||||||
Communication Services (9.8%): | ||||||||
Alphabet, Inc., Class C (a) | 4,148 | $ | 11,218 | |||||
Charter Communications, Inc., Class A (a) | 5,711 | 4,249 | ||||||
Facebook, Inc., Class A (a) | 20,445 | 7,284 | ||||||
Iridium Communications, Inc. (a) | 38,552 | 1,628 | ||||||
Nexstar Media Group, Inc., Class A | 19,587 | 2,881 | ||||||
Zynga, Inc., Class A (a) | 394,846 | 3,988 | ||||||
31,248 | ||||||||
Communications Equipment (0.6%): | ||||||||
Lumentum Holdings, Inc. (a) | 21,824 | 1,833 | ||||||
Consumer Discretionary (14.3%): | ||||||||
Amazon.com, Inc. (a) | 3,073 | 10,226 | ||||||
Asbury Automotive Group, Inc. (a)(b) | 26,526 | 5,450 | ||||||
Brunswick Corp. | 40,185 | 4,195 | ||||||
D.R. Horton, Inc. | 32,303 | 3,083 | ||||||
Group 1 Automotive, Inc. | 18,539 | 3,221 | ||||||
LCI Industries | 29,318 | 4,275 | ||||||
LGI Homes, Inc. (a) | 17,053 | 2,914 | ||||||
Lowe's Cos., Inc. | 8,148 | 1,570 | ||||||
Meritage Homes Corp. (a) | 39,896 | 4,332 | ||||||
Rent-A-Center, Inc. | 81,628 | 4,671 | ||||||
Tesla, Inc. (a) | 2,046 | 1,406 | ||||||
45,343 | ||||||||
Consumer Staples (4.7%): | ||||||||
BJ's Wholesale Club Holdings, Inc. (a) | 92,663 | 4,692 | ||||||
PepsiCo, Inc. | 21,199 | 3,327 | ||||||
Performance Food Group Co. (a) | 51,591 | 2,364 | ||||||
Philip Morris International, Inc. | 44,699 | 4,474 | ||||||
14,857 | ||||||||
Energy (2.8%): | ||||||||
Chevron Corp. | 29,212 | 2,974 | ||||||
Matador Resources Co. | 103,558 | 3,200 | ||||||
Pioneer Natural Resources Co. | 10,634 | 1,546 | ||||||
Valero Energy Corp. | 18,903 | 1,266 | ||||||
8,986 | ||||||||
Financials (10.6%): | ||||||||
Ally Financial, Inc. | 37,867 | 1,945 | ||||||
Ameriprise Financial, Inc. | 8,562 | 2,205 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory Diversified Stock Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Bank of America Corp. | 113,302 | $ | 4,346 | |||||
Flagstar Bancorp, Inc. | 46,932 | 2,148 | ||||||
JPMorgan Chase & Co. | 39,580 | 6,007 | ||||||
Morgan Stanley | 43,838 | 4,207 | ||||||
Primerica, Inc. | 25,931 | 3,792 | ||||||
ServisFirst Bancshares, Inc. | 36,104 | 2,566 | ||||||
T. Rowe Price Group, Inc. | 17,113 | 3,494 | ||||||
Western Alliance Bancorp | 30,206 | 2,804 | ||||||
33,514 | ||||||||
Health Care (12.1%): | ||||||||
AbbVie, Inc. | 48,697 | 5,663 | ||||||
Charles River Laboratories International, Inc. (a) | 12,914 | 5,255 | ||||||
ICON PLC (a) | 16,064 | 3,908 | ||||||
Insulet Corp. (a) | 6,139 | 1,717 | ||||||
McKesson Corp. | 22,430 | 4,572 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 9,159 | 5,263 | ||||||
Stryker Corp. | 16,922 | 4,585 | ||||||
Thermo Fisher Scientific, Inc. | 8,710 | 4,703 | ||||||
UnitedHealth Group, Inc. | 6,855 | 2,826 | ||||||
38,492 | ||||||||
Industrials (11.8%): | ||||||||
Builders FirstSource, Inc. (a) | 81,978 | 3,648 | ||||||
Chart Industries, Inc. (a) | 12,628 | 1,963 | ||||||
Marten Transport Ltd. | 203,136 | 3,214 | ||||||
Masco Corp. | 60,946 | 3,639 | ||||||
Masonite International Corp. (a) | 15,031 | 1,701 | ||||||
Old Dominion Freight Line, Inc. | 18,365 | 4,943 | ||||||
Parker-Hannifin Corp. | 10,409 | 3,248 | ||||||
Patrick Industries, Inc. | 45,845 | 3,788 | ||||||
Trex Co., Inc. (a) | 30,013 | 2,914 | ||||||
UFP Industries, Inc. | 60,250 | 4,474 | ||||||
XPO Logistics, Inc. (a) | 27,790 | 3,854 | ||||||
37,386 | ||||||||
IT Services (3.2%): | ||||||||
Akamai Technologies, Inc. (a) | 30,793 | 3,693 | ||||||
CACI International, Inc., Class A (a) | 7,028 | 1,876 | ||||||
EPAM Systems, Inc. (a)(b) | 7,970 | 4,462 | ||||||
10,031 | ||||||||
Materials (3.9%): | ||||||||
Avery Dennison Corp. | 15,585 | 3,284 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory Diversified Stock Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Dow, Inc. | 45,570 | $ | 2,833 | |||||
Summit Materials, Inc., Class A (a) | 128,545 | 4,319 | ||||||
Valvoline, Inc. | 68,164 | 2,091 | ||||||
12,527 | ||||||||
Real Estate (1.5%): | ||||||||
American Tower Corp. | 9,495 | 2,685 | ||||||
Simon Property Group, Inc. | 15,163 | 1,919 | ||||||
4,604 | ||||||||
Semiconductors & Semiconductor Equipment (8.6%): | ||||||||
Advanced Micro Devices, Inc. (a) | 53,681 | 5,700 | ||||||
Applied Materials, Inc. | 22,473 | 3,145 | ||||||
Broadcom, Inc. | 8,549 | 4,150 | ||||||
Lam Research Corp. | 4,763 | 3,036 | ||||||
NVIDIA Corp. | 37,040 | 7,222 | ||||||
Qorvo, Inc. (a) | 22,032 | 4,177 | ||||||
27,430 | ||||||||
Software (7.9%): | ||||||||
Adobe, Inc. (a) | 2,861 | 1,779 | ||||||
Cadence Design Systems, Inc. (a) | 21,511 | 3,176 | ||||||
Microsoft Corp. | 70,538 | 20,097 | ||||||
25,052 | ||||||||
Technology Hardware, Storage & Peripherals (6.3%): | ||||||||
Apple, Inc. | 137,127 | 20,001 | ||||||
Total Common Stocks (Cost $198,772) | 311,304 | |||||||
Exchange-Traded Funds (1.6%) | ||||||||
SPDR S&P 500 ETF Trust (b) | 11,888 | 5,213 | ||||||
Total Exchange-Traded Funds (Cost $3,977) | 5,213 | |||||||
Collateral for Securities Loaned^ (2.3%) | ||||||||
BlackRock Liquidity Funds TempFund, Institutional Class, 0.04% (c) | 144,236 | 144 | ||||||
Fidelity Investments Money Market Government Portfolio, Institutional Class, 0.01% (c) | 3,830,499 | 3,830 | ||||||
Goldman Sachs Financial Square Prime Obligations Fund, Institutional Class, 0.02% (c) | 71,981 | 72 | ||||||
JPMorgan Prime Money Market Fund, Capital Class, 0.07% (c) | 573,953 | 574 | ||||||
Morgan Stanley Institutional Liquidity Prime Portfolio, Institutional Class, 0.06% (c) | 2,580,607 | 2,581 | ||||||
Total Collateral for Securities Loaned (Cost $7,201) | 7,201 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory Diversified Stock Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Total Investments (Cost $209,950) — 102.0% | $ | 323,718 | ||||||
Liabilities in excess of other assets — (2.0)% | (6,458 | ) | ||||||
NET ASSETS - 100.00% | $ | 317,260 |
^ | Purchased with cash collateral from securities on loan. |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Rate disclosed is the daily yield on July 31, 2021. |
ETF—Exchange-Traded Fund |
PLC—Public Limited Company |
Victory Portfolios | Schedule of Portfolio Investments | |||||||
Victory New Bridge Large Cap Growth Fund | July 31, 2021 | |||||||
(Amounts in Thousands, Except for Shares) | (Unaudited) | |||||||
Security Description | Shares | Value | ||||||
Common Stocks (98.1%) | ||||||||
Communication Services (11.3%): | ||||||||
Alphabet, Inc., Class C (a) | 386 | $ | 1,044 | |||||
Facebook, Inc., Class A (a) | 1,778 | 633 | ||||||
Snap, Inc., Class A (a) | 5,505 | 410 | ||||||
2,087 | ||||||||
Consumer Discretionary (17.9%): | ||||||||
Airbnb, Inc., Class A (a) | 2,257 | 325 | ||||||
Amazon.com, Inc. (a) | 392 | 1,304 | ||||||
Burlington Stores, Inc. (a) | 1,684 | 564 | ||||||
Lululemon Athletica, Inc. (a) | 1,383 | 553 | ||||||
NIKE, Inc., Class B | 3,340 | 560 | ||||||
3,306 | ||||||||
Financials (2.8%): | ||||||||
MSCI, Inc. | 869 | 518 | ||||||
Health Care (13.8%): | ||||||||
Align Technology, Inc. (a) | 713 | 496 | ||||||
Masimo Corp. (a) | 1,611 | 439 | ||||||
TG Therapeutics, Inc. (a) | 2,701 | 95 | ||||||
Thermo Fisher Scientific, Inc. | 911 | 492 | ||||||
Veeva Systems, Inc., Class A (a) | 1,578 | 525 | ||||||
Zoetis, Inc. | 2,447 | 496 | ||||||
2,543 | ||||||||
Industrials (10.8%): | ||||||||
CoStar Group, Inc. (a) | 5,520 | 490 | ||||||
Generac Holdings, Inc. (a) | 1,362 | 571 | ||||||
Trane Technologies PLC | 2,449 | 499 | ||||||
Uber Technologies, Inc. (a) | 10,074 | 438 | ||||||
1,998 | ||||||||
IT Services (18.9%): | ||||||||
EPAM Systems, Inc. (a) | 1,274 | 713 | ||||||
PayPal Holdings, Inc. (a) | 3,326 | 916 | ||||||
Shopify, Inc., Class A (a) | 319 | 478 | ||||||
Twilio, Inc., Class A (a) | 1,118 | 418 | ||||||
Visa, Inc., Class A | 3,854 | 950 | ||||||
3,475 | ||||||||
Semiconductors & Semiconductor Equipment (8.0%): | ||||||||
Micron Technology, Inc. (a) | 5,748 | 446 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||||
Victory New Bridge Large Cap Growth Fund | July 31, 2021 | |||||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
NVIDIA Corp. | 5,267 | $ | 1,027 | |||||
1,473 | ||||||||
Software (14.6%): | ||||||||
Adobe, Inc. (a) | 1,243 | 773 | ||||||
Autodesk, Inc. (a) | 1,078 | 346 | ||||||
Cadence Design Systems, Inc. (a) | 2,522 | 372 | ||||||
ServiceNow, Inc. (a) | 1,134 | 667 | ||||||
The Trade Desk, Inc., Class A (a) | 6,505 | 533 | ||||||
2,691 | ||||||||
Total Common Stocks (Cost $7,946) | 18,091 | |||||||
Total Investments (Cost $7,946) — 98.1% | 18,091 | |||||||
Other assets in excess of liabilities — 1.9% | 343 | |||||||
NET ASSETS - 100.00% | $ | 18,434 |
(a) | Non-income producing security. |
PLC—Public Limited Company |
Victory Portfolios | Schedule of Portfolio Investments |
Victory Special Value Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Common Stocks (98.3%) | ||||||||
Communication Services (9.8%): | ||||||||
Alphabet, Inc., Class C (a) | 639 | $ | 1,728 | |||||
Charter Communications, Inc., Class A (a) | 882 | 656 | ||||||
Facebook, Inc., Class A (a) | 3,233 | 1,152 | ||||||
Iridium Communications, Inc. (a) | 6,033 | 255 | ||||||
Nexstar Media Group, Inc., Class A | 3,173 | 466 | ||||||
Zynga, Inc., Class A (a) | 61,855 | 625 | ||||||
4,882 | ||||||||
Communications Equipment (0.6%): | ||||||||
Lumentum Holdings, Inc. (a) | 3,469 | 291 | ||||||
Consumer Discretionary (14.3%): | ||||||||
Amazon.com, Inc. (a) | 465 | 1,547 | ||||||
Asbury Automotive Group, Inc. (a) | 4,216 | 866 | ||||||
Brunswick Corp. | 6,387 | 667 | ||||||
D.R. Horton, Inc. | 5,230 | 499 | ||||||
Group 1 Automotive, Inc. | 2,903 | 504 | ||||||
LCI Industries | 4,656 | 679 | ||||||
LGI Homes, Inc. (a) | 2,702 | 462 | ||||||
Lowe's Cos., Inc. | 1,288 | 248 | ||||||
Meritage Homes Corp. (a) | 6,367 | 691 | ||||||
Rent-A-Center, Inc. | 12,974 | 743 | ||||||
Tesla, Inc. (a) | 318 | 219 | ||||||
7,125 | ||||||||
Consumer Staples (4.7%): | ||||||||
BJ's Wholesale Club Holdings, Inc. (a)(b) | 14,682 | 743 | ||||||
PepsiCo, Inc. | 3,371 | 529 | ||||||
Performance Food Group Co. (a) | 8,359 | 383 | ||||||
Philip Morris International, Inc. | 7,082 | 709 | ||||||
2,364 | ||||||||
Energy (2.9%): | ||||||||
Chevron Corp. | 4,733 | 482 | ||||||
Matador Resources Co. | 16,223 | 501 | ||||||
Pioneer Natural Resources Co. | 1,722 | 250 | ||||||
Valero Energy Corp. | 2,909 | 195 | ||||||
1,428 | ||||||||
Financials (10.7%): | ||||||||
Ally Financial, Inc. | 5,985 | 308 | ||||||
Ameriprise Financial, Inc. | 1,325 | 341 |
Victory Portfolios | Schedule of Portfolio Investments — continued |
Victory Special Value Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Bank of America Corp. | 18,355 | $ | 704 | |||||
Flagstar Bancorp, Inc. | 7,503 | 343 | ||||||
JPMorgan Chase & Co. | 6,412 | 973 | ||||||
Morgan Stanley (b) | 6,869 | 659 | ||||||
Primerica, Inc. | 4,082 | 597 | ||||||
ServisFirst Bancshares, Inc. | 5,565 | 396 | ||||||
T. Rowe Price Group, Inc. | 2,702 | 552 | ||||||
Western Alliance Bancorp | 4,786 | 444 | ||||||
5,317 | ||||||||
Health Care (12.2%): | ||||||||
AbbVie, Inc. | 7,543 | 877 | ||||||
Charles River Laboratories International, Inc. (a) | 2,031 | 826 | ||||||
ICON PLC (a) | 2,527 | 615 | ||||||
Insulet Corp. (a) | 962 | 269 | ||||||
McKesson Corp. | 3,545 | 723 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 1,454 | 836 | ||||||
Stryker Corp. | 2,675 | 725 | ||||||
Thermo Fisher Scientific, Inc. | 1,393 | 752 | ||||||
UnitedHealth Group, Inc. | 1,066 | 439 | ||||||
6,062 | ||||||||
Industrials (11.8%): | ||||||||
Builders FirstSource, Inc. (a) | 13,011 | 579 | ||||||
Chart Industries, Inc. (a) | 1,976 | 307 | ||||||
Marten Transport Ltd. | 32,128 | 508 | ||||||
Masco Corp. | 9,269 | 553 | ||||||
Masonite International Corp. (a) | 2,436 | 276 | ||||||
Old Dominion Freight Line, Inc. | 2,786 | 750 | ||||||
Parker-Hannifin Corp. | 1,645 | 513 | ||||||
Patrick Industries, Inc. | 7,391 | 611 | ||||||
Trex Co., Inc. (a) | 4,863 | 472 | ||||||
UFP Industries, Inc. | 9,529 | 708 | ||||||
XPO Logistics, Inc. (a) | 4,392 | 609 | ||||||
5,886 | ||||||||
IT Services (3.2%): | ||||||||
Akamai Technologies, Inc. (a) | 4,838 | 580 | ||||||
CACI International, Inc., Class A (a) | 1,111 | 297 | ||||||
EPAM Systems, Inc. (a) | 1,254 | 702 | ||||||
1,579 | ||||||||
Materials (4.0%): | ||||||||
Avery Dennison Corp. | 2,524 | 532 |
Victory Portfolios | Schedule of Portfolio Investments — continued |
Victory Special Value Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Dow, Inc. | 7,231 | $ | 450 | |||||
Summit Materials, Inc., Class A (a) | 20,440 | 687 | ||||||
Valvoline, Inc. | 10,575 | 324 | ||||||
1,993 | ||||||||
Real Estate (1.5%): | ||||||||
American Tower Corp. | 1,504 | 426 | ||||||
Simon Property Group, Inc. | 2,405 | 304 | ||||||
730 | ||||||||
Semiconductors & Semiconductor Equipment (8.7%): | ||||||||
Advanced Micro Devices, Inc. (a) | 8,276 | 879 | ||||||
Applied Materials, Inc. | 3,553 | 497 | ||||||
Broadcom, Inc. | 1,351 | 656 | ||||||
Lam Research Corp. | 755 | 481 | ||||||
NVIDIA Corp. | 5,888 | 1,148 | ||||||
Qorvo, Inc. (a) | 3,580 | 679 | ||||||
4,340 | ||||||||
Software (7.8%): | ||||||||
Adobe, Inc. (a) | 448 | 279 | ||||||
Cadence Design Systems, Inc. (a) | 3,370 | 498 | ||||||
Microsoft Corp. | 10,812 | 3,080 | ||||||
3,857 | ||||||||
Technology Hardware, Storage & Peripherals (6.1%): | ||||||||
Apple, Inc. | 20,751 | 3,027 | ||||||
Total Common Stocks (Cost $31,717) | 48,881 | |||||||
Exchange-Traded Funds (2.2%) | ||||||||
SPDR S&P 500 ETF Trust | 2,549 | 1,118 | ||||||
Total Exchange-Traded Funds (Cost $1,004) | 1,118 | |||||||
Collateral for Securities Loaned^ (1.7%) | ||||||||
BlackRock Liquidity Funds TempFund, Institutional Class, 0.04% (c) | 16,789 | 17 | ||||||
Fidelity Investments Money Market Government Portfolio, Institutional Class, 0.01% (c) | 445,870 | 446 | ||||||
Goldman Sachs Financial Square Prime Obligations Fund, Institutional Class, 0.02% (c) | 8,378 | 8 | ||||||
JPMorgan Prime Money Market Fund, Capital Class, 0.07% (c) | 66,807 | 67 | ||||||
Morgan Stanley Institutional Liquidity Prime Portfolio, Institutional Class, 0.06% (c) | 300,377 | 300 | ||||||
Total Collateral for Securities Loaned (Cost $838) | 838 |
Victory Portfolios | Schedule of Portfolio Investments — continued |
Victory Special Value Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Total Investments (Cost $33,559 ) — 102.2% | $ | 50,837 | ||||||
Liabilities in excess of other assets — (2.2)% | (1,106 | ) | ||||||
NET ASSETS - 100.00% | $ | 49,731 |
^ | Purchased with cash collateral from securities on loan. |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Rate disclosed is the daily yield on July 31, 2021. |
ETF—Exchange-Traded Fund |
PLC—Public Limited Company |
Victory Portfolios | Schedule of Portfolio Investments | |||||||
Victory Strategic Allocation Fund | July 31, 2021 | |||||||
(Amounts in Thousands, Except for Shares) | (Unaudited) | |||||||
Security Description | Shares | Value | ||||||
Affiliated Exchange-Traded Funds (7.3%) | ||||||||
VictoryShares U.S. Multi-Factor Minimum Volatility ETF | 54,280 | $ | 2,130 | |||||
Total Affiliated Exchange-Traded Funds (Cost $1,400) | 2,130 | |||||||
Affiliated Mutual Funds (92.3%) | ||||||||
Victory INCORE Investment Grade Convertible Fund, Class I | 92,194 | 1,823 | ||||||
Victory INCORE Total Return Bond Fund, Class R6 | 323,383 | 3,221 | ||||||
Victory Integrity Discovery Fund, Class Y | 23,089 | 1,138 | ||||||
Victory Market Neutral Income Fund, Class I | 590,532 | 5,645 | ||||||
Victory RS Global Fund, Class Y (a) | 453,355 | 8,895 | ||||||
Victory RS Partners Fund, Class Y | 33,602 | 1,076 | ||||||
Victory Sophus Emerging Markets Fund, Class R6 | 110,521 | 2,869 | ||||||
Victory Trivalent International Small-Cap Fund, Class I | 118,131 | 2,184 | ||||||
Total Affiliated Mutual Funds (Cost $21,725) | 26,851 | |||||||
Total Investments (Cost $23,125) — 99.6% | 28,981 | |||||||
Other assets in excess of liabilities — 0.4% | 126 | |||||||
NET ASSETS - 100.00% | $ | 29,107 |
(a) | Represents investments greater than 25% of the Fund’s net assets. Performance of the Fund may be adversely impacted by concentrated investments in securities. The financial statements and portfolio holdings for these securities can be found at www.sec.gov. |
ETF—Exchange-Traded Fund |
Affiliated Holdings
Net Change | ||||||||||||||||||||||||||||||||
Proceeds | Net | Capital | in Unrealized | |||||||||||||||||||||||||||||
Fair Value | Purchases | from | Realized | Gain | Appreciation/ | Fair Value | Dividend | |||||||||||||||||||||||||
Strategic Allocation Fund | 10/31/2020 | at Cost | Sales | Gains(Losses) | Distributions | Depreciation | 7/31/21 | Income | ||||||||||||||||||||||||
Victory INCORE Investment Grade Convertible Fund | $ | - | $ | 1,831 | $ | - | $ | - | $ | - | $ | (8 | ) | $ | 1,823 | $ | 6 | |||||||||||||||
Victory INCORE Total Return Bond Fund Class R6 | 3,081 | 129 | - | - | - | 11 | 3,221 | 58 | ||||||||||||||||||||||||
Victory Integrity Discovery Fund Class Y | 820 | - | (248 | ) | 10 | - | 556 | 1,138 | - | |||||||||||||||||||||||
Victory Market Neutral Income Fund Class I | 5,412 | 314 | - | - | 101 | (81 | ) | 5,645 | 143 | |||||||||||||||||||||||
Victory RS Global Fund Class Y | 7,049 | 64 | (453 | ) | 108 | 3 | 2,127 | 8,895 | 61 | |||||||||||||||||||||||
Victory RS Partners Fund Class Y | 830 | 14 | (219 | ) | 68 | 14 | 383 | 1,076 | - | |||||||||||||||||||||||
Victory Sophus Emerging Markets Fund Class R6 | - | 2,990 | - | - | - | (121 | ) | 2,869 | - | |||||||||||||||||||||||
Victory Sophus Emerging Markets Small Cap Fund Class Y* | 1,916 | 682 | (2,579 | ) | (682 | ) | 170 | 663 | - | 512 | ||||||||||||||||||||||
Victory Trivalent Emerging Markets Small-Cap Fund Class Y* | 1,987 | 20 | (2,454 | ) | 281 | - | 166 | - | 19 | |||||||||||||||||||||||
Victory Trivalent International Small-Cap Fund Class I | 1,710 | 9 | (81 | ) | 25 | - | 521 | 2,184 | 8 | |||||||||||||||||||||||
VictoryShares U.S. Multi-Factor Minimum Volatility ETF | 1,629 | 42 | - | - | - | 459 | 2,130 | 24 | ||||||||||||||||||||||||
* Position was sold prior to July 31, 2021 | $ | 24,434 | $ | 6,095 | $ | (6,034 | ) | $ | (190 | ) | $ | 288 | $ | 4,676 | $ | 28,981 | $ | 831 |
Victory Portfolios | Schedule of Portfolio Investments | |||
Victory INCORE Fund for Income | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Principal Amount | Value | ||||||
Government National Mortgage Association (72.5%) | ||||||||
Multi-family (0.3%): | ||||||||
Collateralized Mortgage Obligations (0.1%): | ||||||||
Government National Mortgage Assoc. | ||||||||
Series 2012-33, Class AB, 7.00%, 3/16/46 | $ | 449 | $ | 458 | ||||
Pass-throughs (0.2%): | ||||||||
Government National Mortgage Assoc. | ||||||||
7.92%, 7/1/23 | 145 | 145 | ||||||
8.00%, 1/15/31 - 11/15/33 | 1,054 | 1,055 | ||||||
7.75%, 9/15/33 | 385 | 386 | ||||||
1,586 | ||||||||
Single Family (72.2%): | ||||||||
Collateralized Mortgage Obligations (3.2%): | ||||||||
Government National Mortgage Assoc. | ||||||||
Series 1999-4, Class ZB, 6.00%, 2/20/29 | 159 | 159 | ||||||
Series 2001-10, Class PE, 6.50%, 3/16/31 | 130 | 130 | ||||||
Series 2005-74, Class HB, 7.50%, 9/16/35 | 9 | 10 | ||||||
Series 2005-74, Class HC, 7.50%, 9/16/35 | 51 | 58 | ||||||
Series 2011-166, Class NT, 7.75%, 11/20/31 (a) | 777 | 892 | ||||||
Series 2012-106, Class JM, 7.33%, 10/20/34 (a) | 583 | 688 | ||||||
Series 2012-30, Class WB, 7.05%, 11/20/39 (a) | 2,233 | 2,587 | ||||||
Series 2013-190, Class KT, 8.13%, 9/20/30 (a) | 234 | 269 | ||||||
Series 2013-51, Class BL, 6.06%, 4/20/34 (a) | 1,725 | 1,999 | ||||||
Series 2013-64, Class KY, 6.79%, 12/20/38 (a) | 906 | 1,033 | ||||||
Series 2013-70, Class KP, 7.05%, 2/20/39 (a) | 825 | 971 | ||||||
Series 2014-69, Class W, 7.20%, 11/20/34 (a) | 116 | 136 | ||||||
Series 2014-74, Class PT, 7.80%, 5/16/44 (a) | 179 | 201 | ||||||
Series 2015-77, Class PT, 7.47%, 6/20/39 (a) | 349 | 404 | ||||||
Series 2019-22, Class PT, 7.92%, 2/20/49 (a) | 6,227 | 7,129 | ||||||
Series 2021-1, Class WT, 7.84%, 1/20/51 (a) | 6,371 | 7,417 | ||||||
24,083 | ||||||||
Pass-throughs (69.0%): | ||||||||
Government National Mortgage Assoc. | ||||||||
9.00%, 9/15/21 - 9/15/30 | 1,471 | 1,659 | ||||||
8.50%, 11/15/21 - 7/15/32 | 5,318 | 6,055 | ||||||
8.00%, 12/15/21 - 5/15/49 | 35,154 | 41,188 | ||||||
9.50%, 12/15/21 - 3/15/23 | — | (b) | – | (b) |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory INCORE Fund for Income | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares or Principal Amount | Value | ||||||
6.00%, 1/15/22 - 9/20/50 | $ | 83,408 | $ | 97,971 | ||||
7.00%, 12/20/22 - 9/20/50 | 89,885 | 105,464 | ||||||
7.13%, 3/15/23 - 7/15/25 | 193 | 196 | ||||||
5.50%, 7/15/23 - 11/15/45 | 14,509 | 16,996 | ||||||
7.50%, 8/15/23 - 5/15/49 | 60,741 | 69,888 | ||||||
10.00%, 4/15/25 - 2/15/26 | 1 | 1 | ||||||
6.50%, 12/15/25 - 2/20/41 | 135,679 | 158,505 | ||||||
6.13%, 6/20/28 - 11/20/28 | 308 | 330 | ||||||
6.28%, 10/20/28 - 9/20/29 | 623 | 683 | ||||||
6.10%, 5/20/29 - 7/20/31 | 461 | 506 | ||||||
7.30%, 4/20/30 - 2/20/31 | 182 | 190 | ||||||
6.49%, 5/20/31 - 3/20/32 | 901 | 1,004 | ||||||
4.50%, 12/15/33 - 5/15/41 | 3,989 | 4,580 | ||||||
5.00%, 1/20/34 - 1/15/40 | 9,316 | 10,711 | ||||||
4.00%, 8/15/41 | 716 | 803 | ||||||
516,730 | ||||||||
Total Government National Mortgage Association (Cost $534,895) | 542,857 | |||||||
U.S. Treasury Obligations (26.7%) | ||||||||
U.S. Treasury Bills, 0.04%, 1/13/22 (c) | 41,574 | 41,564 | ||||||
U.S. Treasury Bonds, 7.13%, 2/15/23 | 143,212 | 158,629 | ||||||
Total U.S. Treasury Obligations (Cost $200,220) | 200,193 | |||||||
Investment Companies (0.0%)(d) | ||||||||
BlackRock Liquidity Funds Fedfund Portfolio, 0.02% (c) | 99,607 | 100 | ||||||
Total Investment Companies (Cost $100) | 100 | |||||||
Total Investments (Cost $735,215) — 99.2% | 743,150 | |||||||
Other assets in excess of liabilities — 0.8% | 5,890 | |||||||
NET ASSETS - 100.00% | $ | 749,040 |
(a) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate disclosed is the rate in effect at July 31, 2021. |
(b) | Rounds to less than $1 thousand. |
(c) | Rate represents the effective yield at July 31, 2021. |
(d) | Amount represents less than 0.05% of net assets. |
Victory Portfolios | Schedule of Portfolio Investments | |||||||
Victory INCORE Investment Grade Convertible Fund | July 31, 2021 | |||||||
(Amounts in Thousands, Except for Shares) | (Unaudited) | |||||||
Security Description | Principal Amount | Value | ||||||
Convertible Corporate Bonds (66.4%) | ||||||||
Communication Services (1.3%): | ||||||||
Snap, Inc., 0.75%, 8/1/26 | $ | 1,595 | $ | 5,220 | ||||
Consumer Discretionary (8.9%): | ||||||||
Booking Holdings, Inc. | ||||||||
0.90%, 9/15/21 | 2,722 | 2,911 | ||||||
0.75%, 5/1/25 (a) | 11,285 | 15,920 | ||||||
Expedia Group, Inc., 0.00%, 2/15/26 (a)(b) | 11,981 | 12,866 | ||||||
Ford Motor Co., 0.00%, 3/15/26 (b) | 3,120 | 3,341 | ||||||
35,038 | ||||||||
Energy (4.0%): | ||||||||
Pioneer Natural Resources Co., 0.25%, 5/15/25 | 10,825 | 15,914 | ||||||
Financials (16.7%): | ||||||||
Ares Capital Corp. | ||||||||
3.75%, 2/1/22 | 8,240 | 8,724 | ||||||
4.63%, 3/1/24 | 9,015 | 9,870 | ||||||
Barclays Bank PLC | ||||||||
0.00%, 2/4/25 | 6,120 | 8,973 | ||||||
0.00%, 2/18/25 | 2,730 | 3,174 | ||||||
BlackRock Capital Investment Corp., 5.00%, 6/15/22 | 3,712 | 3,743 | ||||||
BlackRock TCP Capital Corp., 4.63%, 3/1/22 | 1,390 | 1,421 | ||||||
GSK Finance NO 3 PLC, 0.00%, 6/22/23 (b) | 5,418 | 5,448 | ||||||
JPMorgan Chase Financial Co. LLC, 0.25%, 5/1/23 (b) | 12,505 | 13,845 | ||||||
MGIC Investment Corp. Convertible Subordinated Notes, 9.00%, 4/1/63 | 4,127 | 5,448 | ||||||
TPG Specialty Lending, Inc., 4.50%, 8/1/22 | 4,391 | 5,260 | ||||||
65,906 | ||||||||
Health Care (9.2%): | ||||||||
Anthem, Inc., 2.75%, 10/15/42 | 3,492 | 18,873 | ||||||
Bristol-Myers Squibb Co., Convertible Subordinated Notes, 0.24% (LIBOR03M-50bps), 9/15/23, Callable 9/7/21 @ 100 (c) (d) | 2,466 | 4,358 | ||||||
Illumina, Inc., 0.00%, 8/15/23 (a) | 10,297 | 13,083 | ||||||
36,314 | ||||||||
Industrials (10.5%): | ||||||||
Fortive Corp., 0.88%, 2/15/22 | 18,851 | 18,940 | ||||||
Parsons Corp., 0.25%, 8/15/25 (b) | 3,385 | 3,563 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||||
Victory INCORE Investment Grade Convertible Fund | July 31, 2021 | |||||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares or Principal Amount | Value | ||||||
Southwest Airlines Co., 1.25%, 5/1/25 | $ | 12,720 | $ | 18,680 | ||||
41,183 | ||||||||
Information Technology (13.9%): | ||||||||
Akamai Technologies, Inc., 0.13%, 5/1/25 | 2,704 | 3,611 | ||||||
Euronet Worldwide, Inc., 0.75%, 3/15/49, Callable 3/20/25 @ 100 (a) | 12,440 | 14,449 | ||||||
Nuance Communication, Inc. Convertible Subordinated Notes, 1.00%, 12/15/35, Callable 12/20/22 @ 100 | 1,410 | 3,198 | ||||||
ON Semiconductor Corp., 0.00%, 5/1/27 (b) | 245 | 260 | ||||||
ServiceNow, Inc., 0.00%, 6/1/22 | 520 | 2,264 | ||||||
Square, Inc., 0.25%, 11/1/27 (a)(b) | 5,030 | 5,910 | ||||||
Vishay Intertechnology, Inc., 2.25%, 6/15/25 | 5,655 | 5,929 | ||||||
Western Digital Corp., 1.50%, 2/1/24 | 18,378 | 18,951 | ||||||
54,572 | ||||||||
Real Estate (1.9%): | ||||||||
Kite Realty Group LP, 0.75%, 4/1/27 (b) | 7,365 | 7,457 | ||||||
Total Convertible Corporate Bonds (Cost $232,233) | 261,604 | |||||||
Convertible Preferred Stocks (32.5%) | ||||||||
Financials (13.0%): | ||||||||
AMG Capital Trust II, 5.15%, 10/15/37 | 232,075 | 13,746 | ||||||
Bank of America Corp., Series L, 7.25% (e) | 7,130 | 10,549 | ||||||
KKR & Co., Inc., Series C, 6.00%, 9/15/23 (a) | 89,950 | 7,469 | ||||||
New York Community Capital Trust, 6.00%, 11/1/51 | 57,174 | 2,939 | ||||||
Wells Fargo & Co., Series L, 7.50% (e) | 10,809 | 16,349 | ||||||
51,052 | ||||||||
Industrials (4.8%): | ||||||||
Stanley Black & Decker, Inc., 5.25%, 11/15/22 (a) | 158,925 | 18,753 | ||||||
Utilities (14.7%): | ||||||||
American Electric Power Co., Inc., 6.13%, 3/15/22 | 49,970 | 2,512 | ||||||
American Electric Power Co., Inc., 6.13%, 8/15/23 | 49,910 | 2,649 | ||||||
CenterPoint Energy, Inc., Convertible Subordinated Notes, 4.57%, 9/15/29 | 80,000 | 5,290 | ||||||
Dominion Energy, Inc., Series A, 7.25%, 6/1/22 (a) | 122,978 | 12,265 | ||||||
DTE Energy Co., 6.25%, 11/1/22 | 195,215 | 10,014 | ||||||
NextEra Energy, Inc., 4.87%, 9/1/22 | 127,545 | 7,496 | ||||||
NextEra Energy, Inc., 5.28%, 3/1/23 | 124,805 | 6,407 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||||
Victory INCORE Investment Grade Convertible Fund | July 31, 2021 | |||||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
The Southern Co., Series 2019, 6.75%, 8/1/22 | 229,220 | $ | 11,885 | |||||
58,518 | ||||||||
Total Convertible Preferred Stocks (Cost $115,188) | 128,323 | |||||||
Collateral for Securities Loaned^ (16.4%) | ||||||||
BlackRock Liquidity Funds TempFund, Institutional Class, 0.04% (f) | 1,295,667 | 1,296 | ||||||
Fidelity Investments Money Market Government Portfolio, Institutional Shares, 0.01% (f) | 34,409,850 | 34,410 | ||||||
Goldman Sachs Financial Square Prime Obligations Fund, Institutional Class, 0.02% (f) | 646,402 | 646 | ||||||
JPMorgan Prime Money Market Fund, Capital Class, 0.07% (f) | 5,155,802 | 5,156 | ||||||
Morgan Stanley Institutional Liquidity Prime Portfolio, Institutional Class, 0.06% (f) | 23,181,491 | 23,181 | ||||||
Total Collateral for Securities Loaned (Cost $64,689) | 64,689 | |||||||
Total Investments (Cost $412,110) — 115.3% | 454,616 | |||||||
Liabilities in excess of other assets — (15.3)% | (60,295 | ) | ||||||
NET ASSETS - 100.00% | $ | 394,321 |
^ | Purchased with cash collateral from securities on loan. |
(a) | All or a portion of this security is on loan. |
(b) | Rule 144A security or other security that is restricted as to resale to institutional investors. The Fund's Adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. As of July 31, 2021, the fair value of these securities was $52,690 (thousands) and amounted to 13.4% of net assets. |
(c) | Variable or Floating-Rate Security. Rate disclosed is as of July 31, 2021. |
(d) | Continuously callable with 30 days' notice. |
(e) | Security is perpetual and has no final maturity date but may be subject to calls at various dates in the future. |
(f) | Rate disclosed is the daily yield on July 31, 2021. |
bps—Basis points |
LIBOR—London InterBank Offered Rate |
LIBOR03M—3 Month US Dollar LIBOR, rate disclosed as of July 31, 2021, based on the last reset date of the security |
LLC—Limited Liability Company |
LP—Limited Partnership |
PLC—Public Limited Company |
Victory Portfolios | Schedule of Portfolio Investments | |||
Victory THB US Small Opportunities Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Common Stocks (97.9%) | ||||||||
Communication Services (1.2%): | ||||||||
EverQuote, Inc., Class A (a) | 36,390 | $ | 1,098 | |||||
Consumer Discretionary (16.7%): | ||||||||
America's Car-Mart, Inc. (a) | 8,060 | 1,282 | ||||||
Aspen Group, Inc. (a) | 33,090 | 218 | ||||||
Bassett Furniture Industries, Inc. | 56,050 | 1,277 | ||||||
BJ's Restaurants, Inc. (a) | 18,624 | 756 | ||||||
Century Communities, Inc. | 12,370 | 859 | ||||||
Chuy's Holdings, Inc. (a)(b) | 14,844 | 490 | ||||||
Del Taco Restaurants, Inc. | 53,606 | 456 | ||||||
Guess?, Inc. | 26,932 | 601 | ||||||
Johnson Outdoors, Inc., Class A | 5,446 | 645 | ||||||
Lazydays Holdings, Inc. (a) | 38,380 | 801 | ||||||
M/I Homes, Inc. (a) | 19,475 | 1,260 | ||||||
MasterCraft Boat Holdings, Inc. (a) | 23,230 | 619 | ||||||
Movado Group, Inc. | 53,500 | 1,609 | ||||||
Noodles & Co. (a) | 13,149 | 157 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 33,540 | 880 | ||||||
Ruth's Hospitality Group, Inc. (a) | 57,900 | 1,156 | ||||||
The Cheesecake Factory, Inc. (a) | 11,890 | 538 | ||||||
Universal Technical Institute, Inc. (a) | 86,130 | 524 | ||||||
Vera Bradley, Inc. (a) | 69,210 | 762 | ||||||
14,890 | ||||||||
Energy (7.5%): | ||||||||
Clean Energy Fuels Corp. (a) | 131,360 | 987 | ||||||
Frank's International NV (a) | 334,058 | 919 | ||||||
Geospace Technologies Corp. (a) | 49,200 | 430 | ||||||
Natural Gas Services Group, Inc. (a) | 16,698 | 167 | ||||||
Profire Energy, Inc. (a) | 552,220 | 591 | ||||||
Renewable Energy Group, Inc. (a) | 16,899 | 1,034 | ||||||
REX American Resources Corp. (a) | 3,486 | 286 | ||||||
RPC, Inc. (a) | 314,070 | 1,319 | ||||||
TETRA Technologies, Inc. (a) | 292,570 | 904 | ||||||
6,637 | ||||||||
Financials (7.8%): | ||||||||
BayCom Corp. (a) | 28,656 | 524 | ||||||
First Busey Corp. | 92,631 | 2,186 | ||||||
Heritage Financial Corp. | 47,805 | 1,156 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory THB US Small Opportunities Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Old Second Bancorp, Inc. | 86,592 | $ | 1,003 | |||||
Randolph Bancorp, Inc. (a) | 29,203 | 621 | ||||||
The First Bancshares, Inc. | 15,287 | 590 | ||||||
Trean Insurance Group, Inc. (a) | 57,610 | 777 | ||||||
6,857 | ||||||||
Health Care (16.9%): | ||||||||
Addus HomeCare Corp. (a) | 6,731 | 584 | ||||||
Amneal Pharmaceuticals, Inc. (a) | 200,418 | 988 | ||||||
ANI Pharmaceuticals, Inc. (a) | 5,073 | 172 | ||||||
Apollo Medical Holdings, Inc. (a) | 7,916 | 700 | ||||||
Atrion Corp. | 644 | 405 | ||||||
BioLife Solutions, Inc. (a) | 37,744 | 1,769 | ||||||
Cardiovascular Systems, Inc. (a) | 11,375 | 458 | ||||||
Coherus Biosciences, Inc. (a) | 18,090 | 236 | ||||||
CryoLife, Inc. (a) | 22,855 | 617 | ||||||
Lantheus Holdings, Inc. (a) | 25,401 | 665 | ||||||
LeMaitre Vascular, Inc. | 30,566 | 1,665 | ||||||
Ligand Pharmaceuticals, Inc. (a) | 2,534 | 288 | ||||||
Meridian Bioscience, Inc. (a) | 17,010 | 349 | ||||||
ModivCare, Inc. (a) | 4,722 | 803 | ||||||
Orthofix Medical, Inc. (a) | 20,676 | 822 | ||||||
Pro-Dex, Inc. (a) | 10,616 | 326 | ||||||
Retractable Technologies, Inc. (a) | 64,170 | 755 | ||||||
The Joint Corp. (a) | 26,407 | 2,085 | ||||||
Vericel Corp. (a) | 23,640 | 1,251 | ||||||
14,938 | ||||||||
Industrials (23.1%): | ||||||||
Allied Motion Technologies, Inc. | 25,377 | 835 | ||||||
Ameresco, Inc., Class A (a) | 12,195 | 836 | ||||||
Broadwind, Inc. (a) | 84,980 | 323 | ||||||
CIRCOR International, Inc. (a)(b) | 30,140 | 930 | ||||||
Concrete Pumping Holdings, Inc. (a) | 49,120 | 427 | ||||||
Echo Global Logistics, Inc. (a) | 13,890 | 430 | ||||||
Graham Corp. | 61,894 | 847 | ||||||
Harsco Corp. (a) | 46,470 | 935 | ||||||
Hyster-Yale Materials Handling, Inc. | 27,600 | 1,977 | ||||||
IES Holdings, Inc. (a) | 10,300 | 560 | ||||||
Insteel Industries, Inc. | 35,925 | 1,395 | ||||||
MYR Group, Inc. (a) | 4,851 | 464 | ||||||
NN, Inc. (a) | 173,370 | 1,186 | ||||||
Northwest Pipe Co. (a) | 23,450 | 666 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory THB US Small Opportunities Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Orion Energy Systems, Inc. (a) | 62,890 | $ | 315 | |||||
Orion Group Holdings, Inc. (a) | 140,893 | 757 | ||||||
Preformed Line Products Co. | 7,970 | 546 | ||||||
The Greenbrier Cos., Inc. | 37,000 | 1,584 | ||||||
The Shyft Group, Inc. | 12,276 | 484 | ||||||
TPI Composites, Inc. (a) | 33,785 | 1,322 | ||||||
Transcat, Inc. (a) | 30,701 | 1,960 | ||||||
Ultralife Corp. (a) | 67,869 | 539 | ||||||
US Xpress Enterprises, Inc., Class A (a) | 69,940 | 611 | ||||||
Willdan Group, Inc. (a) | 10,060 | 415 | ||||||
20,344 | ||||||||
Information Technology (21.4%): | ||||||||
Axcelis Technologies, Inc. (a) | 11,896 | 459 | ||||||
ePlus, Inc. (a) | 20,386 | 1,886 | ||||||
Grid Dynamics Holdings, Inc. (a) | 55,260 | 1,163 | ||||||
Ichor Holdings Ltd. (a) | 27,820 | 1,435 | ||||||
Iteris, Inc. (a) | 176,300 | 1,098 | ||||||
Luna Innovations, Inc. (a) | 132,300 | 1,631 | ||||||
Mesa Laboratories, Inc. | 1,623 | 478 | ||||||
Methode Electronics, Inc. | 4,829 | 231 | ||||||
Napco Security Technologies, Inc. (a) | 37,150 | 1,313 | ||||||
NVE Corp. | 1,671 | 125 | ||||||
PAR Technology Corp. (a)(b) | 27,506 | 1,680 | ||||||
Perficient, Inc. (a) | 30,770 | 2,902 | ||||||
Ping Identity Holding Corp. (a) | 21,480 | 474 | ||||||
Ultra Clean Holdings, Inc. (a) | 32,573 | 1,759 | ||||||
Upland Software, Inc. (a) | 26,790 | 964 | ||||||
Vishay Precision Group, Inc. (a) | 12,394 | 450 | ||||||
Wayside Technology Group, Inc. | 18,590 | 527 | ||||||
Zix Corp. (a) | 40,701 | 302 | ||||||
18,877 | ||||||||
Materials (1.9%): | ||||||||
Kaiser Aluminum Corp. | 6,150 | 748 | ||||||
Koppers Holdings, Inc. (a) | 30,357 | 932 | ||||||
1,680 | ||||||||
Real Estate (1.4%): | ||||||||
Gladstone Land Corp. | 35,960 | 839 | ||||||
Postal Realty Trust, Inc., Class A | 21,030 | 404 | ||||||
1,243 | ||||||||
Total Common Stocks (Cost $60,954) | 86,564 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory THB US Small Opportunities Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Collateral for Securities Loaned^ (0.4%) | ||||||||
BlackRock Liquidity Funds TempFund, Institutional Shares, 0.04% (c) | 7,499 | $ | 7 | |||||
Fidelity Investments Money Market Government Portfolio Institutional Shares, 0.01% (c) | 199,499 | 199 | ||||||
Goldman Sachs Financial Square Prime Obligations Fund, Institutional Shares, 0.02% (c) | 3,753 | 4 | ||||||
JPMorgan Prime Money Market Fund, Capital Shares, 0.07% (c) | 29,927 | 30 | ||||||
Morgan Stanley Institutional Liquidity Prime Portfolio, Institutional Shares, 0.06% (c) | 134,557 | 135 | ||||||
Total Collateral for Securities Loaned (Cost $375) | 375 | |||||||
Total Investments (Cost $61,329) — 98.3% | 86,939 | |||||||
Other assets in excess of liabilities — 1.7% | 1,505 | |||||||
NET ASSETS - 100.00% | $ | 88,444 |
^ | Purchased with cash collateral from securities on loan. |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Rate disclosed is the daily yield on July 31, 2021. |
Victory Portfolios | Schedule of Portfolio Investments | |||
Victory Sycamore Established Value Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Common Stocks (96.2%) | ||||||||
Communication Services (1.2%): | ||||||||
The Interpublic Group of Cos., Inc. | 5,550,000 | $ | 196,248 | |||||
Consumer Discretionary (9.6%): | ||||||||
Aptiv PLC (a) | 1,123,000 | 187,373 | ||||||
BorgWarner, Inc. | 6,881,100 | 337,036 | ||||||
Las Vegas Sands Corp. (a) | 4,250,000 | 179,988 | ||||||
Newell Brands, Inc. | 4,147,600 | 102,653 | ||||||
Ross Stores, Inc. | 1,935,000 | 237,405 | ||||||
VF Corp. | 2,525,000 | 202,505 | ||||||
Yum! Brands, Inc. | 2,185,000 | 287,087 | ||||||
1,534,047 | ||||||||
Consumer Staples (6.8%): | ||||||||
Archer-Daniels-Midland Co. | 5,095,000 | 304,273 | ||||||
Sysco Corp. | 3,265,000 | 242,263 | ||||||
The Hershey Co. | 1,610,000 | 287,997 | ||||||
Tyson Foods, Inc., Class A | 3,565,000 | 254,755 | ||||||
1,089,288 | ||||||||
Energy (3.9%): | ||||||||
Cimarex Energy Co. | 2,880,000 | 187,776 | ||||||
Devon Energy Corp. | 8,765,000 | 226,488 | ||||||
Valero Energy Corp. | 3,100,000 | 207,607 | ||||||
621,871 | ||||||||
Financials (13.9%): | ||||||||
Alleghany Corp. (a) | 475,000 | 314,972 | ||||||
American Financial Group, Inc. | 2,440,000 | 308,636 | ||||||
Arthur J. Gallagher & Co. | 1,175,000 | 163,689 | ||||||
Everest Re Group Ltd. | 960,000 | 242,717 | ||||||
Huntington Bancshares, Inc. | 11,800,000 | 166,144 | ||||||
Old Republic International Corp. | 4,850,000 | 119,601 | ||||||
Prosperity Bancshares, Inc. (b) | 2,725,000 | 185,818 | ||||||
The Bank of New York Mellon Corp. | 4,120,000 | 211,479 | ||||||
W.R. Berkley Corp. | 3,500,000 | 256,095 | ||||||
Zions Bancorp NA | 4,740,000 | 247,191 | ||||||
2,216,342 | ||||||||
Health Care (5.7%): | ||||||||
Hill-Rom Holdings, Inc. | 1,960,800 | 271,493 | ||||||
Molina Healthcare, Inc. (a) | 400,000 | 109,204 | ||||||
Quest Diagnostics, Inc. | 2,035,000 | 288,563 | ||||||
The Cooper Cos., Inc. | 560,000 | 236,191 | ||||||
905,451 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory Sycamore Established Value Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Industrials (21.7%): | ||||||||
AGCO Corp. | 1,825,000 | $ | 241,101 | |||||
Alaska Air Group, Inc. (a) | 4,150,000 | 240,824 | ||||||
Hubbell, Inc. | 1,210,000 | 242,557 | ||||||
J.B. Hunt Transport Services, Inc. | 1,230,000 | 207,194 | ||||||
Landstar System, Inc. | 1,360,000 | 213,520 | ||||||
Lincoln Electric Holdings, Inc. | 1,065,000 | 148,493 | ||||||
ManpowerGroup, Inc. | 1,625,000 | 192,693 | ||||||
Oshkosh Corp. | 1,655,000 | 197,855 | ||||||
Owens Corning, Inc. | 1,890,000 | 181,742 | ||||||
Parker-Hannifin Corp. | 668,000 | 208,436 | ||||||
Republic Services, Inc. | 1,240,000 | 146,766 | ||||||
Textron, Inc. (b) | 5,400,000 | 372,654 | ||||||
The Middleby Corp. (a) | 1,200,000 | 229,788 | ||||||
The Toro Co. | 1,735,000 | 197,339 | ||||||
United Rentals, Inc. (a) | 475,000 | 156,536 | ||||||
Vertiv Holdings Co. | 7,100,000 | 199,084 | ||||||
Xylem, Inc. | 677,000 | 85,200 | ||||||
3,461,782 | ||||||||
Information Technology (10.0%): | ||||||||
Amphenol Corp., Class A | 2,410,000 | 174,701 | ||||||
DXC Technology Co. (a) | 5,520,000 | 220,690 | ||||||
Flex Ltd. (a) | 11,850,000 | 212,944 | ||||||
Genpact Ltd. | 5,200,000 | 259,012 | ||||||
Hewlett Packard Enterprise Co. | 9,000,000 | 130,500 | ||||||
Leidos Holdings, Inc. | 1,850,000 | 196,877 | ||||||
MAXIMUS, Inc. | 2,350,000 | 209,150 | ||||||
Motorola Solutions, Inc. | 828,300 | 185,473 | ||||||
1,589,347 | ||||||||
Materials (11.2%): | ||||||||
AptarGroup, Inc. | 1,005,600 | 129,642 | ||||||
Avery Dennison Corp. | 1,165,000 | 245,442 | ||||||
Corteva, Inc. | 3,830,000 | 163,847 | ||||||
Eastman Chemical Co. | 1,660,000 | 187,115 | ||||||
International Flavors & Fragrances, Inc. | 1,690,000 | 254,582 | ||||||
Packaging Corp. of America | 1,665,000 | 235,598 | ||||||
Reliance Steel & Aluminum Co. | 1,200,000 | 188,580 | ||||||
Steel Dynamics, Inc. | 3,050,000 | 196,573 | ||||||
Westlake Chemical Corp. | 2,195,000 | 182,009 | ||||||
1,783,388 | ||||||||
Real Estate (9.9%): | ||||||||
Alexandria Real Estate Equities, Inc. | 1,015,000 | 204,360 | ||||||
American Homes 4 Rent, Class A (b) | 5,170,000 | 217,140 |
Victory Portfolios | Schedule of Portfolio Investments — continued | |||
Victory Sycamore Established Value Fund | July 31, 2021 | |||
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Americold Realty Trust | 4,750,000 | $ | 184,538 | |||||
Camden Property Trust | 1,450,000 | 216,615 | ||||||
Equity LifeStyle Properties, Inc. | 2,615,000 | 219,137 | ||||||
Highwoods Properties, Inc. | 3,335,000 | 159,046 | ||||||
Lamar Advertising Co., Class A | 1,875,000 | 199,875 | ||||||
National Retail Properties, Inc. | 3,745,100 | 183,023 | ||||||
1,583,734 | ||||||||
Utilities (2.3%): | ||||||||
Alliant Energy Corp. | 3,575,000 | 209,245 | ||||||
Xcel Energy, Inc. | 2,270,000 | 154,927 | ||||||
364,172 | ||||||||
Total Common Stocks (Cost $11,277,485) | 15,345,670 | |||||||
Exchange-Traded Funds (0.9%) | ||||||||
iShares Russell Mid-Cap Value ETF (b) | 1,305,000 | 150,949 | ||||||
Total Exchange-Traded Funds (Cost $82,743) | 150,949 | |||||||
Collateral for Securities Loaned^ (0.4%) | ||||||||
BlackRock Liquidity Funds TempFund, Institutional Class, 0.04% (c) | 1,132,996 | 1,133 | ||||||
Fidelity Investments Money Market Government Portfolio, Institutional Class, 0.01% (c) | 30,089,705 | 30,090 | ||||||
Goldman Sachs Financial Square Prime Obligations Fund, Institutional Class, 0.02% (c) | 565,421 | 565 | ||||||
JPMorgan Prime Money Market Fund, Capital Class, 0.07% (c) | 4,508,493 | 4,509 | ||||||
Morgan Stanley Institutional Liquidity Prime Portfolio, Institutional Class, 0.06% (c) | 20,271,063 | 20,271 | ||||||
Total Collateral for Securities Loaned (Cost $56,568) | 56,568 | |||||||
Total Investments (Cost $11,416,796) — 97.5% | 15,553,187 | |||||||
Other assets in excess of liabilities — 2.5% | 396,706 | |||||||
NET ASSETS - 100.00% | $ | 15,949,893 |
^ | Purchased with cash collateral from securities on loan. |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Rate disclosed is the daily yield on July 31, 2021. |
ETF—Exchange-Traded Fund |
PLC—Public Limited Company |
Victory Portfolios | Schedule of Portfolio Investments |
Victory Sycamore Small Company Opportunity Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Common Stocks (95.5%) | ||||||||
Aerospace & Defense (0.6%): | ||||||||
Hexcel Corp. (a) | 773,300 | $ | 42,083 | |||||
Air Freight & Logistics (0.6%): | ||||||||
Forward Air Corp. | 510,000 | 45,104 | ||||||
Airlines (0.4%): | ||||||||
Frontier Group Holdings, Inc. (a)(b) | 1,794,400 | 26,450 | ||||||
Building Products (1.1%): | ||||||||
UFP Industries, Inc. | 1,085,500 | 80,609 | ||||||
Commercial Services & Supplies (4.3%): | ||||||||
ABM Industries, Inc. | 951,700 | 44,244 | ||||||
McGrath RentCorp | 748,505 | 58,698 | ||||||
U.S. Ecology, Inc. (a) | 1,375,000 | 48,125 | ||||||
UniFirst Corp. | 400,000 | 87,108 | ||||||
Viad Corp. (a)(c) | 1,335,200 | 61,219 | ||||||
299,394 | ||||||||
Communication Services (0.7%): | ||||||||
The E.W. Scripps Co., Class A | 2,607,300 | 49,747 | ||||||
Construction & Engineering (3.0%): | ||||||||
EMCOR Group, Inc. | 1,006,200 | 122,565 | ||||||
MYR Group, Inc. (a) | 420,000 | 40,165 | ||||||
Valmont Industries, Inc. | 195,000 | 46,205 | ||||||
208,935 | ||||||||
Consumer Discretionary (13.0%): | ||||||||
Carter's, Inc. | 694,000 | 67,832 | ||||||
Choice Hotels International, Inc. | 793,100 | 95,093 | ||||||
Citi Trends, Inc. (a)(c) | 515,500 | 41,111 | ||||||
Columbia Sportswear Co. | 694,500 | 69,186 | ||||||
Core-Mark Holding Co., Inc. | 2,005,000 | 86,295 | ||||||
Helen of Troy Ltd. (a)(b) | 332,100 | 74,188 | ||||||
Hyatt Hotels Corp., Class A (a)(b) | 872,400 | 69,679 | ||||||
LCI Industries | 394,600 | 57,541 | ||||||
Mattel, Inc. (a) | 3,568,900 | 77,516 | ||||||
Murphy USA, Inc. | 165,000 | 24,339 | ||||||
Purple Innovation, Inc. (a) | 1,272,200 | 33,510 |
Victory Portfolios | Schedule of Portfolio Investments — continued |
Victory Sycamore Small Company Opportunity Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Signet Jewelers Ltd. (b) | 497,200 | $ | 31,990 | |||||
Sonic Automotive, Inc., Class A (b) | 963,600 | 52,564 | ||||||
Steven Madden Ltd. | 1,310,590 | 57,443 | ||||||
Visteon Corp. (a) | 665,000 | 75,843 | ||||||
914,130 | ||||||||
Consumer Staples (4.1%): | ||||||||
Edgewell Personal Care Co. | 1,249,100 | 51,313 | ||||||
Ingredion, Inc. | 660,800 | 58,025 | ||||||
Lancaster Colony Corp. (b) | 215,000 | 42,542 | ||||||
Performance Food Group Co. (a) | 1,770,900 | 81,142 | ||||||
Sanderson Farms, Inc. | 277,600 | 51,867 | ||||||
284,889 | ||||||||
Electrical Equipment (1.0%): | ||||||||
Encore Wire Corp. | 919,956 | 72,152 | ||||||
Energy (2.4%): | ||||||||
Delek U.S. Holdings, Inc. | 2,922,100 | 50,786 | ||||||
Helix Energy Solutions Group, Inc. (a)(c) | 8,138,500 | 33,775 | ||||||
PDC Energy, Inc. | 2,037,300 | 80,575 | ||||||
165,136 | ||||||||
Financials (18.4%): | ||||||||
American Financial Group, Inc. | 183,400 | 23,198 | ||||||
AMERISAFE, Inc. | 936,800 | 53,585 | ||||||
Bank of Hawaii Corp. | 1,125,000 | 94,174 | ||||||
Cohen & Steers, Inc. | 420,300 | 34,973 | ||||||
Columbia Banking System, Inc. | 1,650,600 | 57,672 | ||||||
Eagle Bancorp, Inc. | 1,036,000 | 57,011 | ||||||
First American Financial Corp. | 751,700 | 50,597 | ||||||
Independent Bank Corp. (b) | 1,365,000 | 96,478 | ||||||
Kemper Corp. | 710,000 | 46,867 | ||||||
Lakeland Financial Corp. | 991,400 | 66,295 | ||||||
Pinnacle Financial Partners, Inc. | 952,300 | 85,336 | ||||||
RenaissanceRe Holdings Ltd. | 538,900 | 82,285 | ||||||
Renasant Corp. | 2,230,000 | 78,451 | ||||||
Ryan Specialty Group Holdings, Inc., Class A (a)(b) | 1,070,200 | 31,571 | ||||||
Selective Insurance Group, Inc. | 970,200 | 78,926 | ||||||
South State Corp. | 1,328,400 | 91,447 | ||||||
State Auto Financial Corp. (b) | 797,500 | 39,875 | ||||||
Stewart Information Services Corp. | 1,035,400 | 61,099 | ||||||
UMB Financial Corp. | 1,194,600 | 111,814 | ||||||
White Mountains Insurance Group Ltd. | 40,900 | 46,281 | ||||||
1,287,935 |
Victory Portfolios | Schedule of Portfolio Investments — continued |
Victory Sycamore Small Company Opportunity Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Health Care (4.0%): | ||||||||
AngioDynamics, Inc. (a) | 1,695,200 | $ | 45,143 | |||||
Hanger, Inc. (a)(c) | 2,433,800 | 59,726 | ||||||
ICU Medical, Inc. (a) | 386,700 | 78,612 | ||||||
Natus Medical, Inc. (a) | 1,687,200 | 45,048 | ||||||
NuVasive, Inc. (a)(b) | 151,696 | 9,701 | ||||||
Patterson Cos., Inc. (b) | 1,317,400 | 41,011 | ||||||
279,241 | ||||||||
Industrial Conglomerates (1.2%): | ||||||||
Carlisle Cos., Inc. | 421,300 | 85,204 | ||||||
Information Technology (9.3%): | ||||||||
ADTRAN, Inc. | 2,400,800 | 53,802 | ||||||
Advanced Energy Industries, Inc. | 223,100 | 23,147 | ||||||
Avnet, Inc. | 1,620,900 | 66,976 | ||||||
Cognyte Software Ltd. (a) | 1,893,500 | 49,174 | ||||||
Fabrinet (a) | 624,600 | 59,037 | ||||||
Littelfuse, Inc. | 130,100 | 34,605 | ||||||
ManTech International Corp., Class A | 515,500 | 45,086 | ||||||
MAXIMUS, Inc. | 277,600 | 24,706 | ||||||
NETGEAR, Inc. (a)(c) | 2,050,000 | 70,212 | ||||||
Plexus Corp. (a)(b) | 664,200 | 59,990 | ||||||
ScanSource, Inc. (a)(b)(c) | 1,549,100 | 42,740 | ||||||
Sykes Enterprises, Inc. (a) | 1,115,000 | 59,831 | ||||||
Verint Systems, Inc. (a) | 1,380,000 | 58,885 | ||||||
648,191 | ||||||||
Machinery (10.1%): | ||||||||
Alamo Group, Inc. | 446,100 | 65,474 | ||||||
Altra Industrial Motion Corp. | 1,179,800 | 73,950 | ||||||
Astec Industries, Inc. (c) | 1,165,000 | 71,426 | ||||||
Columbus McKinnon Corp. | 941,800 | 43,699 | ||||||
Crane Co. | 1,154,900 | 112,291 | ||||||
Hillenbrand, Inc. | 1,967,900 | 89,146 | ||||||
Kennametal, Inc. | 1,645,700 | 59,657 | ||||||
Mueller Industries, Inc. | 1,370,000 | 59,458 | ||||||
The Manitowoc Co., Inc. (a) | 1,060,000 | 24,539 | ||||||
TriMas Corp. (a) | 1,785,000 | 58,405 | ||||||
Watts Water Technologies, Inc., Class A | 310,000 | 46,736 | ||||||
704,781 | ||||||||
Materials (6.7%): | ||||||||
Avient Corp. | 1,308,600 | 63,493 | ||||||
Cabot Corp. | 1,487,100 | 81,880 |
Victory Portfolios | Schedule of Portfolio Investments — continued |
Victory Sycamore Small Company Opportunity Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Kaiser Aluminum Corp. | 565,100 | $ | 68,761 | |||||
Minerals Technologies, Inc. | 863,800 | 69,294 | ||||||
Silgan Holdings, Inc. | 1,850,000 | 74,962 | ||||||
Sonoco Products Co. | 1,383,000 | 88,222 | ||||||
Worthington Industries, Inc. | 396,500 | 25,364 | ||||||
471,976 | ||||||||
Professional Services (2.3%): | ||||||||
ICF International, Inc. | 748,500 | 68,540 | ||||||
Korn Ferry | 1,350,000 | 92,799 | ||||||
161,339 | ||||||||
Real Estate (5.6%): | ||||||||
Apple Hospitality REIT, Inc. | 5,492,200 | 82,108 | ||||||
Corporate Office Properties Trust | 3,142,600 | 92,518 | ||||||
First Industrial Realty Trust, Inc. | 1,373,000 | 75,213 | ||||||
Healthcare Realty Trust, Inc. | 677,700 | 21,605 | ||||||
Rayonier, Inc. | 2,081,900 | 78,509 | ||||||
Sunstone Hotel Investors, Inc. (a) | 3,850,000 | 44,429 | ||||||
394,382 | ||||||||
Road & Rail (2.2%): | ||||||||
Marten Transport Ltd. | 4,132,400 | 65,375 | ||||||
Saia, Inc. (a) | 99,100 | 22,397 | ||||||
Werner Enterprises, Inc. (b) | 1,385,000 | 63,308 | ||||||
151,080 | ||||||||
Trading Companies & Distributors (2.0%): | ||||||||
Applied Industrial Technologies, Inc. | 1,045,000 | 93,736 | ||||||
Core & Main, Inc., Class A (a)(b) | 1,728,600 | 45,808 | ||||||
139,544 | ||||||||
Utilities (2.5%): | ||||||||
ALLETE, Inc. | 654,300 | 46,011 | ||||||
MGE Energy, Inc. | 485,500 | 37,927 | ||||||
NorthWestern Corp. | 728,700 | 45,172 | ||||||
ONE Gas, Inc. | 604,700 | 44,615 | ||||||
173,725 | ||||||||
Total Common Stocks (Cost $4,985,519) | 6,686,027 | |||||||
Exchange-Traded Funds (1.1%) | ||||||||
iShares Russell 2000 Value ETF | 485,000 | 77,581 | ||||||
Total Exchange-Traded Funds (Cost $56,617) | 77,581 |
Victory Portfolios | Schedule of Portfolio Investments — continued |
Victory Sycamore Small Company Opportunity Fund | July 31, 2021 |
(Amounts in Thousands, Except for Shares) | (Unaudited) |
Security Description | Shares | Value | ||||||
Collateral for Securities Loaned^ (1.0%) | ||||||||
BlackRock Liquidity Funds TempFund, Institutional Class, 0.04% (d) | 1,353,866 | $ | 1,354 | |||||
Fidelity Investments Money Market Government Portfolio, Institutional Class, 0.01% (d) | 35,955,491 | 35,955 | ||||||
Goldman Sachs Financial Square Prime Obligations Fund, Institutional Class, 0.02% (d) | 675,646 | 676 | ||||||
JPMorgan Prime Money Market Fund, Capital Class, 0.07% (d) | 5,387,393 | 5,387 | ||||||
Morgan Stanley Institutional Liquidity Prime Portfolio, Institutional Class, 0.06% (d) | 24,222,770 | 24,223 | ||||||
Total Collateral for Securities Loaned (Cost $67,595) | 67,595 | |||||||
Total Investments (Cost $5,109,731) — 97.6% | 6,831,203 | |||||||
Other assets in excess of liabilities — 2.4% | 171,286 | |||||||
NET ASSETS - 100.00% | $ | 7,002,489 |
^ | Purchased with cash collateral from securities on loan. |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Affiliated security. |
(d) | Rate disclosed is the daily yield on July 31, 2021. |
ETF—Exchange-Traded Fund |
REIT—Real Estate Investment Trust |
Affiliated Holdings
Net Change | ||||||||||||||||||||||||||||||||
Proceeds | Net | Capital | in Unrealized | |||||||||||||||||||||||||||||
Fair Value | Purchases | from | Realized | Gain | Appreciation/ | Fair Value | Dividend | |||||||||||||||||||||||||
Sycamore Small Company Opportunity Fund | 10/31/2020 | at Cost | Sales | Gains(Losses) | Distributions | Depreciation | 7/31/21 | Income | ||||||||||||||||||||||||
Astec Industries, Inc. | $ | 37,744 | $ | 26,529 | $ | (620 | ) | $ | 307 | $ | - | $ | 7,466 | $ | 71,426 | $ | 265 | |||||||||||||||
Citi Trends, Inc. | - | 26,838 | (390 | ) | 228 | - | 14,435 | 41,111 | - | |||||||||||||||||||||||
Hanger, Inc. | 39,179 | 9,320 | (4,353 | ) | 590 | - | 14,990 | 59,726 | - | |||||||||||||||||||||||
Helix Energy Solutions Group, Inc. | 14,980 | 13,527 | (370 | ) | 24 | - | 5,614 | 33,775 | - | |||||||||||||||||||||||
NETGEAR, Inc. | 54,958 | 25,150 | (18,788 | ) | 4,222 | - | 4,670 | 70,212 | - | |||||||||||||||||||||||
ScanSource, Inc. | 24,596 | 9,500 | (357 | ) | 27 | - | 8,974 | 42,740 | - | |||||||||||||||||||||||
Viad Corp. | 20,071 | 13,810 | (570 | ) | 398 | - | 27,510 | 61,219 | - | |||||||||||||||||||||||
$ | 191,528 | $ | 124,674 | $ | (25,448 | ) | $ | 5,796 | $ | - | $ | 83,659 | $ | 380,209 | $ | 265 |