NPORT-P false 0000802716 XXXXXXXX S000053564 C000168346 C000168345 C000168344 C000168347 C000213174 Victory Portfolios 811-04852 0000802716 549300V07N3HJP1EW330 4900 Tiedeman Road 4th Floor Brooklyn 44144 800-539-3863 Victory RS International Fund S000053564 549300JEPV6NYZT1OP94 2019-12-31 2019-12-31 N 280479395.64 283894.1 280195501.54 0 0 0 0 0 0 0 0 0 0 0 0 0 9021906.31 JPY AUD CHF DKK GBP HKD USD SEK NOK EUR N FUJITSU LIMITED 3538000246DHJLRTUZ24 N/A 27300.00000000 NS 2568078.61000000 0.916530992069 Long EC CORP JP N 2 N N N CSL LIMITED 529900ECSECK5ZDQTE14 N/A 23989.00000000 NS 4650054.78000000 1.659575101828 Long EC CORP AU N 2 N N N CRODA INTERNATIONAL PUBLIC LIMITED COMPANY 2138004WCNBFJEEOXV26 N/A 25983.00000000 NS 1764720.82000000 0.629817684545 Long EC CORP GB N 2 N N N FUJI ELECTRIC CO., LTD. 5299000HVNGZZTYYM906 N/A 112400.00000000 NS 3414880.06000000 1.218749066716 Long EC CORP JP N 2 N N N Atlas Copco Aktiebolag 213800T8PC8Q4FYJZR07 N/A 180426.00000000 NS 6266552.40000000 2.236492865002 Long EC CORP SE N 2 N N N Matsumotokiyoshi Holdings Co., Ltd. N/A N/A 63400.00000000 NS 2454867.77000000 0.876126760246 Long EC CORP JP N 2 N N N DIAGEO PLC 213800ZVIELEA55JMJ32 N/A 105563.00000000 NS 4447398.37000000 1.587248312537 Long EC CORP GB N 2 N N N Cembra Money Bank AG 549300ZDHOETLAIVTE82 N/A 20960.00000000 NS 2293686.84000000 0.818602307101 Long EC CORP CH N 2 N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 N/A 457690.00000000 NS 3582454.40000000 1.278555287401 Long EC CORP GB N 2 N N N UNILEVER PLC 549300MKFYEKVRWML317 N/A 53191.00000000 NS 3044330.34000000 1.086502218368 Long EC CORP GB N 2 N N N SMITH & NEPHEW PLC 213800ZTMDN8S67S1H61 N/A 92285.00000000 NS 2223797.58000000 0.793659272821 Long EC CORP GB N 2 N N N Telefonica S.A. 549300EEJH4FEPDBBR25 879382109 629706.00000000 NS 4403224.65000000 1.571482991625 Long EC CORP ES N 2 N N N NEXT PLC 213800WQD8ECPZP9PH98 N/A 35255.00000000 NS 3284656.44000000 1.172273081454 Long EC CORP GB N 2 N N N SAP SE 529900D6BF99LW9R2E68 N/A 39873.00000000 NS 5366378.77000000 1.915226597324 Long EC CORP DE N 2 N N N Nestle S.A. KY37LUS27QQX7BB93L28 N/A 85800.00000000 NS 9291080.38000000 3.315927746496 Long EC CORP CH N 2 N N N RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A. 815600FBF92FD3531704 N/A 56363.00000000 NS 2375764.69000000 0.847895371960 Long EC CORP IT N 2 N N N Wolters Kluwer N.V. 724500TEM53I0U077B74 N/A 58640.00000000 NS 4281264.72000000 1.527956264989 Long EC CORP NL N 2 N N N KYOWA EXEO CORPORATION N/A N/A 29000.00000000 NS 733695.71000000 0.261851352347 Long EC CORP JP N 2 N N N ARKEMA SA 9695000EHMS84KKP2785 N/A 31247.00000000 NS 3340879.61000000 1.192338774761 Long EC CORP FR N 2 N N N HIKARI TSUSHIN, INC. 3538001SOIIV8U3OXH94 N/A 9300.00000000 NS 2337393.43000000 0.834200912274 Long EC CORP JP N 2 N N N ITO EN,LTD. N/A N/A 36900.00000000 NS 790154.06000000 0.282000979907 Long EC CORP JP N 2 N N N CK ASSET HOLDINGS LIMITED 5299006GJZSGP78B8S35 N/A 440500.00000000 NS 3178951.27000000 1.134547575720 Long EC CORP KY N 2 N N N BP P.L.C. 213800LH1BZH3DI6G760 N/A 386219.00000000 NS 2429258.95000000 0.866987134571 Long EC CORP GB N 2 N N N EXPERIAN PLC 635400RXXHHYT1JTSZ26 N/A 81287.00000000 NS 2755166.97000000 0.983301642909 Long EC CORP JE N 2 N N N Bayer Aktiengesellschaft 549300J4U55H3WP1XT59 N/A 21257.00000000 NS 1727975.44000000 0.616703491134 Long EC CORP DE N 2 N N N ROYAL UNIBREW A/S 529900D69KFL8IAP8Q63 N/A 38508.00000000 NS 3527788.60000000 1.259045409583 Long EC CORP DK N 2 N N N Allianz SE 529900K9B0N5BT694847 N/A 20187.00000000 NS 4945954.09000000 1.765179691613 Long EC CORP DE N 2 N N N Novartis AG 5493007HIVTX6SY6XD66 N/A 74061.00000000 NS 7014256.61000000 2.503343762283 Long EC CORP CH N 2 N N N BANCA GENERALI - SOCIETA PER AZIONI 815600903231FA2E7698 N/A 72241.00000000 NS 2348268.07000000 0.838082002421 Long EC CORP IT N 2 N N N Tokio Marine Holdings, Inc. 5299009QN2NZ191KLS29 N/A 55500.00000000 NS 3107809.12000000 1.109157392934 Long EC CORP JP N 2 N N N DIC Corporation 549300F1YB9ARLPUKB67 N/A 14100.00000000 NS 389191.24000000 0.138899888777 Long EC CORP JP N 2 N N N FAURECIA SE 969500F0VMZLK2IULV85 N/A 54150.00000000 NS 2939424.38000000 1.049061945621 Long EC CORP FR N 2 N N N ENEL - SPA WOCMU6HCI0OJWNPRZS33 N/A 826811.00000000 NS 6567481.98000000 2.343892726294 Long EC CORP IT N 2 N N N Epiroc Aktiebolag 5493004Q73OEYW1SPE91 N/A 126407.00000000 NS 1502784.00000000 0.536334092353 Long EC CORP SE N 2 N N N UBS Group AG 549300SZJ9VS8SGXAN81 N/A 249522.00000000 NS 3149465.84000000 1.124024412487 Long EC CORP CH N 2 N N N Wynn Macau, Limited 254900NMDQ8ENTHU1I31 N/A 1388800.00000000 NS 3422397.21000000 1.221431889944 Long EC CORP KY N 2 N N N CAPGEMINI SE 96950077L0TN7BAROX36 N/A 30269.00000000 NS 3701731.11000000 1.321124389811 Long EC CORP FR N 2 N N N Siemens Aktiengesellschaft W38RGI023J3WT1HWRP32 N/A 32445.00000000 NS 4236682.08000000 1.512045003119 Long EC CORP DE N 2 N N N NIPPON TELEGRAPH AND TELEPHONE CORPORATION 353800VHQU5VIXVUA841 N/A 141000.00000000 NS 3564082.44000000 1.271998451228 Long EC CORP JP N 2 N N N TENCENT HOLDINGS LIMITED 254900N4SLUMW4XUYY11 N/A 65000.00000000 NS 3131651.19000000 1.117666476723 Long EC CORP KY N 2 N N N ORACLE CORPORATION JAPAN 529900MIMKY9RU60Z323 N/A 24700.00000000 NS 2242051.39000000 0.800173942007 Long EC CORP JP N 2 N N N WashTec AG 391200HHWCQ0KBSG9U91 N/A 20842.00000000 NS 1253460.36000000 0.447352064223 Long EC CORP DE N 2 N N N Melexis NV 549300QRPSGOJRPUFO80 N/A 18729.00000000 NS 1412659.48000000 0.504169221931 Long EC CORP BE N 2 N N N Chubu Electric Power Company, Incorporated 529900A76GOP0PGNHT63 N/A 194900.00000000 NS 2755457.16000000 0.983405209882 Long EC CORP JP N 2 N N N RELX PLC 549300WSX3VBUFFJOO66 N/A 105875.00000000 NS 2672232.50000000 0.953702855796 Long EC CORP GB N 2 N N N ITOCHU Corporation J48DJYXDTLHM30UMYI18 N/A 111100.00000000 NS 2575285.24000000 0.919102992676 Long EC CORP JP N 2 N N N Hitachi Construction Machinery Co., Ltd. 5493009B7C53PDH8W826 N/A 120900.00000000 NS 3601786.12000000 1.285454655839 Long EC CORP JP N 2 N N N BANCO SANTANDER, S.A. 5493006QMFDDMYWIAM13 N/A 737652.00000000 NS 3092525.65000000 1.103702819282 Long EC CORP ES N 2 N N RIO TINTO PLC 213800YOEO5OQ72G2R82 N/A 70991.00000000 NS 4201669.72000000 1.499549313571 Long EC CORP GB N 2 N N N LEGAL & GENERAL GROUP PLC 213800JH9QQWHLO99821 N/A 964506.00000000 NS 3873885.74000000 1.382565286990 Long EC CORP GB N 2 N N N MACQUARIE GROUP LIMITED ACMHD8HWFMFUIQQ8Y590 N/A 41640.00000000 NS 4031744.43000000 1.438904053719 Long EC CORP AU N 2 N N N EVRAZ PLC 5493005B7DAN39RXLK23 N/A 248133.00000000 NS 1328505.02000000 0.474135028113 Long EC CORP GB N 2 N N N COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA 549300SOSI58J6VIW052 N/A 17876.00000000 NS 2199617.32000000 0.785029491162 Long EC CORP FR N 2 N N N BHP GROUP LIMITED WZE1WSENV6JSZFK0JC28 N/A 178822.00000000 NS 4895525.11000000 1.747181908022 Long EC CORP AU N 2 N N N ULVAC,Inc. N/A N/A 44900.00000000 NS 1772183.14000000 0.632480939294 Long EC CORP JP N 2 N N N AKER BP ASA 549300NFTY73920OYK69 N/A 53445.00000000 NS 1754685.55000000 0.626236160236 Long EC CORP NO N 2 N N N AIA Group Limited ZP5ILWVSYE4LJGMMVD57 N/A 255800.00000000 NS 2690668.47000000 0.960282536732 Long EC CORP HK N 2 N N N Mitsubishi UFJ Financial Group, Inc. 353800V2V8PUY9TK3E06 N/A 734800.00000000 NS 3973124.57000000 1.417982996930 Long EC CORP JP N 2 N N N iShares MSCI EAFE ETF N/A 464287465 64442.00000000 NS USD 4474852.48000000 1.597046510527 Long RF US N 1 N N N Sanwa Holdings Corporation 5299003X6BCA4ROO5A70 N/A 218800.00000000 NS 2452154.54000000 0.875158425643 Long EC CORP JP N 2 N N N SCENTRE GROUP N/A N/A 1104764.00000000 NS 2972575.15000000 1.060893245488 Long CORP AU N 2 N N N Shionogi & Co., Ltd. 35380049VXDTHZI3DY35 N/A 52300.00000000 NS 3235804.30000000 1.154838062072 Long EC CORP JP N 2 N N N AXA SA F5WCUMTUM4RKZ1MAIE39 N/A 107195.00000000 NS 3028670.58000000 1.080913349198 Long EC CORP FR N 2 N N N SPAREBANK 1 SMN 7V6Z97IO7R1SEAO84Q32 N/A 209691.00000000 NS 2395672.29000000 0.855000268324 Long EC CORP NO N 2 N N N HOYA CORPORATION 353800X4VR3BHEUCJB42 N/A 43800.00000000 NS 4181814.92000000 1.492463261193 Long EC CORP JP N 2 N N N CLOSE BROTHERS GROUP PLC 213800W73SYHR14I3X91 N/A 72280.00000000 NS 1530658.91000000 0.546282471198 Long EC CORP GB N 2 N N N LVMH MOET HENNESSY LOUIS VUITTON SE IOG4E947OATN0KJYSD45 N/A 14749.00000000 NS 6871768.36000000 2.452490608247 Long EC CORP FR N 2 N N N ING Groep N.V. 549300NYKK9MWM7GGW15 N/A 379613.00000000 NS 4563474.66000000 1.628675205318 Long EC CORP NL N 2 N N N En-Japan Inc N/A N/A 75200.00000000 NS 3268923.98000000 1.166658266115 Long EC CORP JP N 2 N N N Vonovia SE 5299005A2ZEP6AP7KM81 N/A 60238.00000000 NS 3235068.82000000 1.154575573918 Long EC CORP DE N 2 N N N ROYAL DUTCH SHELL PLC 21380068P1DRHMJ8KU70 N/A 166331.00000000 NS 4925013.10000000 1.757705984903 Long EC CORP GB N 2 N N N TOTAL SA 529900S21EQ1BO4ESM68 N/A 90526.00000000 NS 5022906.00000000 1.792643340950 Long EC CORP FR N 2 N N N OKUMA Corporation N/A N/A 38800.00000000 NS 2040952.68000000 0.728403085981 Long EC CORP JP N 2 N N N UNITED ARROWS LTD. N/A N/A 72000.00000000 NS 2039311.19000000 0.727817248596 Long EC CORP JP N 2 N N N China Merchants Bank Co., Ltd. 549300MKO5B60FFIHF58 N/A 533000.00000000 NS 2740397.49000000 0.978030509033 Long EC CORP CN N 2 N N N BRITVIC PLC 635400L3NVMYD4BVCI53 N/A 207790.00000000 NS 2489901.65000000 0.888630130146 Long EC CORP GB N 2 N N N Roche Holding AG 549300U41AUUVOAAOB37 N/A 26281.00000000 NS 8543164.48000000 3.049001298395 Long EC CORP CH N 2 N N N TOYOTA MOTOR CORPORATION 5493006W3QUS5LMH6R84 N/A 113500.00000000 NS 7998485.57000000 2.854608844909 Long EC CORP JP N 2 N N N Koninklijke KPN N.V. 549300YO0JZHAL7FVP81 N/A 1017641.00000000 NS 3011326.18000000 1.074723242682 Long EC CORP NL N 2 N N N Sumitomo Realty & Development Co., Ltd. N/A N/A 51200.00000000 NS 1786588.62000000 0.637622163875 Long EC CORP JP N 2 N N N JAFCO Co., Ltd. 353800R7EWCVA2488G32 N/A 35400.00000000 NS 1387867.11000000 0.495320982090 Long EC CORP JP N 2 N N N FIDELITY GOVERNMENT PORTFOLIO N/A 1849969A6 5841.00000000 NS USD 5841.30000000 0.002084722976 Long STIV RF US N 1 N N FIDELITY PRIME MONEY MARKET PORTFOLIO N/A 31607A208 177.00000000 NS USD 177.08999999 0.000063202299 Long STIV RF US N 1 N N BLACKROCK LIQUIDITY FUNDS TEMPFUND PORTFOLIO N/A 09248U619 1060.00000000 NS USD 1060.26999999 0.000378403648 Long STIV RF US N 1 N N JPMORGAN PRIME MONEY MARKET FUND N/A 4812A0367 3882.00000000 NS USD 3881.89999999 0.001385425525 Long STIV RF US N 1 N N MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS - PRIME PORTFOL N/A 61747C715 7764.00000000 NS USD 7763.53999999 0.002770758258 Long STIV RF US N 1 N N GOLDMAN SACHS FINANCIAL SQUARE PRIME OBLIGATIONS FUND N/A 38141W364 3529.00000000 NS USD 3528.75000000 0.001259388527 Long STIV RF US N 1 N N 2020-01-30 Victory Portfolios Allan Shaer Allan Shaer Treasurer