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            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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            <brokerDealerCommission>0</brokerDealerCommission>
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        <brokers>
          <broker>
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            <pricingServiceName>MarkIt Partners</pricingServiceName>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank, N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="Citibank, N.A." idemnityProviderLei="E57ODZWZ7FF32TWEFA76"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>1562444.99</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>1689.55</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Victory Capital Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-46878</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106189</investmentAdviserCrdNo>
            <investmentAdviserLei>549300YNO08S1SH3I683</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-OH" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services LLC</transferAgentName>
            <transferAgentFileNo>084-06522</transferAgentFileNo>
            <transferAgentLei>6WQI0GK1PRFVBA061U48</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-OH" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Citibank N.A.</custodianName>
            <custodianLei>E57ODZWZ7FF32TWEFA76</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
            <adminLei>549300YNO08S1SH3I683</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
            <adminLei>549300OX9HIV34JOX333</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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            <brokerDealerLei>549300ONM3SKSOHIQ840</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-OH" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <aggregateCommission>0</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>NOMURA SECURITIES INTERNATIONAL, INC.</principalName>
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            <principalLei>OXTKY6Q8X53C9ILVV871</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>72219401.66</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>GOLDMAN SACHS &amp; CO. LLC</principalName>
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          <principalTransaction>
            <principalName>MORGAN STANLEY &amp; CO. LLC</principalName>
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          <principalTransaction>
            <principalName>CITIGROUP GLOBAL MARKETS INC.</principalName>
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          <principalTransaction>
            <principalName>HSBC SECURITIES (USA) INC</principalName>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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          <principalTransaction>
            <principalName>WELLS FARGO SECURITIES, LLC</principalName>
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          <principalTransaction>
            <principalName>J.P. MORGAN SECURITIES LLC</principalName>
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          <principalTransaction>
            <principalName>MARKETAXESS CORPORATION</principalName>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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          <principalTransaction>
            <principalName>BARCLAYS CAPITAL INC.</principalName>
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          <principalTransaction>
            <principalName>MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED</principalName>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
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        <principalAggregatePurchase>454079894.83</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>73974943.53</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
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            <lineOfCreditDetail>
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              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
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                <creditUser fundName="Victory Variable Insurance Fund" secFileNo="811-08979"/>
                <creditUser fundName="Victory Portfolios II" secFileNo="811-22696"/>
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            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>300000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
              </lineOfCreditInstitutions>
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                <creditUser fundName="Victory Variable Insurance Fund" secFileNo="811-08979"/>
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        <isInterfundLending>N</isInterfundLending>
        <interfundBorrowingDetails isInterfundBorrowing="Y">
          <interfundBorrowing interfundBorrowingLoanAverage="289000" interfundBorrowingDaysOutstanding="1"/>
        </interfundBorrowingDetails>
        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Victory Sophus Emerging Markets Small Cap Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000053567</mgmtInvSeriesId>
        <mgmtInvLei>549300H24KM6RMAUQF28</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>3</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="C" sharesOutstandingClassId="C000168357" sharesOutstandingTickerSymbol="RSMGX"/>
          <sharesOutstanding sharesOutstandingClassName="A" sharesOutstandingClassId="C000168356" sharesOutstandingTickerSymbol="RSMSX"/>
          <sharesOutstanding sharesOutstandingClassName="Y" sharesOutstandingClassId="C000168358" sharesOutstandingTickerSymbol="RSMYX"/>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank, N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="Citibank, N.A." idemnityProviderLei="E57ODZWZ7FF32TWEFA76"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
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        </securityLendings>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>26079.23</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>1233.63</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Victory Capital Management Inc.</investmentAdviserName>
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          </investmentAdviser>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services LLC</transferAgentName>
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            <transferAgentLei>6WQI0GK1PRFVBA061U48</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Citibank N.A.</custodianName>
            <custodianLei>E57ODZWZ7FF32TWEFA76</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
            <adminLei>549300YNO08S1SH3I683</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
            <adminLei>549300OX9HIV34JOX333</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
            <brokerDealerFileNo>008-047577</brokerDealerFileNo>
            <brokerDealerCrdNo>000037059</brokerDealerCrdNo>
            <brokerDealerLei>549300ONM3SKSOHIQ840</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-OH" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>UBS SECURITIES LLC</brokerName>
            <brokerFileNo>008-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>T6FIZBDPKLYJKFCRVK44</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1212.38</grossCommission>
          </broker>
          <broker>
            <brokerName>CLSA AMERICAS, LLC</brokerName>
            <brokerFileNo>008-69166</brokerFileNo>
            <brokerCrdNo>000165533</brokerCrdNo>
            <brokerLei>213800M2DXATWY7JMS07</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3279.74</grossCommission>
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          <broker>
            <brokerName>MORGAN STANLEY &amp; CO. LLC</brokerName>
            <brokerFileNo>008-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>828.93</grossCommission>
          </broker>
          <broker>
            <brokerName>J.P. MORGAN SECURITIES LLC</brokerName>
            <brokerFileNo>008-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>973.16</grossCommission>
          </broker>
          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS INC.</brokerName>
            <brokerFileNo>008-08177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2625.75</grossCommission>
          </broker>
          <broker>
            <brokerName>MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED</brokerName>
            <brokerFileNo>008-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1719.35</grossCommission>
          </broker>
          <broker>
            <brokerName>MACQUARIE CAPITAL (USA) INC.</brokerName>
            <brokerFileNo>008-47198</brokerFileNo>
            <brokerCrdNo>000036368</brokerCrdNo>
            <brokerLei>549300670K07JRB5UQ40</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1994.53</grossCommission>
          </broker>
          <broker>
            <brokerName>DAIWA CAPITAL MARKETS AMERICA INC.</brokerName>
            <brokerFileNo>008-12242</brokerFileNo>
            <brokerCrdNo>000001576</brokerCrdNo>
            <brokerLei>M67H5PRC0NQKM73ZAS82</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1006</grossCommission>
          </broker>
          <broker>
            <brokerName>HSBC SECURITIES (USA) INC</brokerName>
            <brokerFileNo>008-41562</brokerFileNo>
            <brokerCrdNo>000019585</brokerCrdNo>
            <brokerLei>CYYGQCGNHMHPSMRL3R97</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1195.78</grossCommission>
          </broker>
          <broker>
            <brokerName>GOLDMAN SACHS &amp; CO. LLC</brokerName>
            <brokerFileNo>008-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>722.09</grossCommission>
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        </brokers>
        <aggregateCommission>18685.33</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1694964.51</mnthlyAvgNetAssets>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Victory RS Large Cap Alpha Fund</mgmtInvFundName>
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        <fundType>N/A</fundType>
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          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
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        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank, N.A.</securitiesAgentName>
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                <idemnityProvider idemnityProviderName="Citibank, N.A." idemnityProviderLei="E57ODZWZ7FF32TWEFA76"/>
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        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
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        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
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        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Victory Capital Management Inc.</investmentAdviserName>
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            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services LLC</transferAgentName>
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            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
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          </transferAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
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          <custodian>
            <custodianName>Citibank N.A.</custodianName>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
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          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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          <broker>
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          <broker>
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          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS INC.</brokerName>
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          <broker>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Victory Global Natural Resources Fund</mgmtInvFundName>
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            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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            <pricingServiceName>Virtu Financial, Inc.</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
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            <custodianName>Citibank N.A.</custodianName>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
            <adminLei>549300YNO08S1SH3I683</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
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          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
            <adminLei>549300OX9HIV34JOX333</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
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            <isAdminSubAdmin>Y</isAdminSubAdmin>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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            <brokerDealerLei>549300ONM3SKSOHIQ840</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-OH" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
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        <brokers>
          <broker>
            <brokerName>LIQUIDNET</brokerName>
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            <brokerCrdNo>000103987</brokerCrdNo>
            <brokerLei>213800HSKBBO1GCVRG79</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>99477.1</grossCommission>
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          <broker>
            <brokerName>MACQUARIE CAPITAL (USA) INC.</brokerName>
            <brokerFileNo>008-47198</brokerFileNo>
            <brokerCrdNo>000036368</brokerCrdNo>
            <brokerLei>549300670K07JRB5UQ40</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>19673.36</grossCommission>
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          <broker>
            <brokerName>VIRTU ITG LLC</brokerName>
            <brokerFileNo>008-44218</brokerFileNo>
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            <grossCommission>76132.33</grossCommission>
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          <broker>
            <brokerName>NBCN INC.</brokerName>
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          <broker>
            <brokerName>BMO CAPITAL MARKETS CORP.</brokerName>
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      <managementInvestmentQuestion>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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          <pricingService>
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            <adminName>Victory Capital Management Inc.</adminName>
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            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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            <brokerName>CITIGROUP GLOBAL MARKETS INC.</brokerName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
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            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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            <adminName>Victory Capital Management Inc.</adminName>
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        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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      <managementInvestmentQuestion>
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      <managementInvestmentQuestion>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
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          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
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        <avgPortfolioSecuritiesValue>22445969.36</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>30765.21</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Victory Capital Management Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-46878</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106189</investmentAdviserCrdNo>
            <investmentAdviserLei>549300YNO08S1SH3I683</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-OH" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services LLC</transferAgentName>
            <transferAgentFileNo>084-06522</transferAgentFileNo>
            <transferAgentLei>6WQI0GK1PRFVBA061U48</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Citibank N.A.</custodianName>
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            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
            <adminLei>549300OX9HIV34JOX333</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
            <adminLei>549300YNO08S1SH3I683</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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            <brokerDealerLei>549300ONM3SKSOHIQ840</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-OH" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>J.P. MORGAN SECURITIES LLC</brokerName>
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            <grossCommission>23150.25</grossCommission>
          </broker>
          <broker>
            <brokerName>UBS SECURITIES LLC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>20124.8</grossCommission>
          </broker>
          <broker>
            <brokerName>KEYBANC CAPITAL MARKETS</brokerName>
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            <grossCommission>18108.6</grossCommission>
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          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS INC.</brokerName>
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            <grossCommission>17795.09</grossCommission>
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          <broker>
            <brokerName>JEFFERIES LLC</brokerName>
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            <grossCommission>37802.88</grossCommission>
          </broker>
          <broker>
            <brokerName>MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED</brokerName>
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          <broker>
            <brokerName>EVERCORE GROUP L.L.C.</brokerName>
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          <broker>
            <brokerName>WILLIAM BLAIR &amp; COMPANY L.L.C.</brokerName>
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            <brokerStateCountry brokerState="US-IL" brokerCountry="US"/>
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          <broker>
            <brokerName>BARCLAYS CAPITAL INC.</brokerName>
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          <broker>
            <brokerName>LIQUIDNET</brokerName>
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        <aggregateCommission>437931.68</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>96934352.16</mnthlyAvgNetAssets>
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            <lineOfCreditDetail>
              <isCreditLineCommitted>Uncommitted</isCreditLineCommitted>
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                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
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                <creditUser fundName="USAA Mutual Funds Trust" secFileNo="811-07852"/>
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            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
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                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
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        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Victory Strategic Income Fund</mgmtInvFundName>
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        <sharesOutstandings>
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        <fundLendSecurities didFundLendSecurities="Y">
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            <securitiesAgentName>Citibank, N.A.</securitiesAgentName>
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                <idemnityProvider idemnityProviderName="Citibank, N.A." idemnityProviderLei="E57ODZWZ7FF32TWEFA76"/>
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        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
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        <investmentAdvisers>
          <investmentAdviser>
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            <transferAgentName>FIS Investor Services LLC</transferAgentName>
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        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
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          <custodian>
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          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
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          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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        <brokerDealers>
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            <principalName>CITIGROUP GLOBAL MARKETS INC.</principalName>
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        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>12705917.99</mnthlyAvgNetAssets>
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              <isCreditLineUsed>N</isCreditLineUsed>
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            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
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              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
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              <sharedCreditType creditType="Shared">
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                <creditUser fundName="Victory Variable Insurance Fund" secFileNo="811-08979"/>
                <creditUser fundName="USAA Mutual Funds Trust" secFileNo="811-07852"/>
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        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Victory RS Global Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000053563</mgmtInvSeriesId>
        <mgmtInvLei>549300I1FYJXRJXD4J54</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>5</numAuthorizedClass>
        <numAddedClass>1</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="R" sharesOutstandingClassId="C000168342" sharesOutstandingTickerSymbol="RGGKX"/>
          <sharesOutstanding sharesOutstandingClassName="A" sharesOutstandingClassId="C000168340" sharesOutstandingTickerSymbol="RSGGX"/>
          <sharesOutstanding sharesOutstandingClassName="Y" sharesOutstandingClassId="C000168343" sharesOutstandingTickerSymbol="RGGYX"/>
          <sharesOutstanding sharesOutstandingClassName="C" sharesOutstandingClassId="C000168341" sharesOutstandingTickerSymbol="RGGCX"/>
          <sharesOutstanding sharesOutstandingClassName="R6" sharesOutstandingClassId="C000213170" sharesOutstandingTickerSymbol="RGGRX"/>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
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        <securityLendings>
          <securityLending>
            <securitiesAgentName>Citibank, N.A.</securitiesAgentName>
            <securitiesAgentLei>E57ODZWZ7FF32TWEFA76</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>N</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="Citibank, N.A." idemnityProviderLei="E57ODZWZ7FF32TWEFA76"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
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        </securityLendings>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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        <avgPortfolioSecuritiesValue>329719.98</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>3802.24</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Victory Capital Management Inc.</investmentAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>FIS Investor Services LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
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          </transferAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Citibank N.A.</custodianName>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
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          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
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            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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            <brokerDealerCommission>0</brokerDealerCommission>
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        <brokers>
          <broker>
            <brokerName>BARCLAYS CAPITAL INC.</brokerName>
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            <grossCommission>4754.86</grossCommission>
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          <broker>
            <brokerName>HSBC SECURITIES (USA) INC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1376.14</grossCommission>
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          <broker>
            <brokerName>J.P. MORGAN SECURITIES LLC</brokerName>
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            <grossCommission>12979.66</grossCommission>
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          <broker>
            <brokerName>SANFORD C. BERNSTEIN &amp; CO., LLC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3231.98</grossCommission>
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          <broker>
            <brokerName>GOLDMAN SACHS &amp; CO. LLC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4419.07</grossCommission>
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          <broker>
            <brokerName>UBS SECURITIES LLC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>10110.27</grossCommission>
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          <broker>
            <brokerName>CREDIT SUISSE SECURITIES (USA) LLC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>510.29</grossCommission>
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            <brokerName>NUMIS SECURITIES INC.</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>930.84</grossCommission>
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          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS INC.</brokerName>
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            <grossCommission>12558.1</grossCommission>
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          <broker>
            <brokerName>DAIWA CAPITAL MARKETS AMERICA INC.</brokerName>
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        <aggregateCommission>53177.41</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>12000614.81</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
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                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Victory High Yield Fund</mgmtInvFundName>
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        <fundType>N/A</fundType>
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            <securitiesAgentName>Citibank, N.A.</securitiesAgentName>
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        <paymentToAgentManagers>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
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          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
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        <investmentAdvisers>
          <investmentAdviser>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
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          <pricingService>
            <pricingServiceName>MarkIt Partners</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
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            <custodianName>Citibank N.A.</custodianName>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Citi Fund Services Ohio, Inc.</adminName>
            <adminLei>549300OX9HIV34JOX333</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
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            <isAdminSubAdmin>Y</isAdminSubAdmin>
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          <admin>
            <adminName>Victory Capital Management Inc.</adminName>
            <adminLei>549300YNO08S1SH3I683</adminLei>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Victory Capital Advisers, Inc.</brokerDealerName>
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            <brokerDealerCrdNo>000037059</brokerDealerCrdNo>
            <brokerDealerLei>549300ONM3SKSOHIQ840</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-OH" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
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        </brokerDealers>
        <aggregateCommission>0</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>BARCLAYS CAPITAL INC.</principalName>
            <principalFileNo>008-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>32389482.16</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>GOLDMAN SACHS &amp; CO. LLC</principalName>
            <principalFileNo>008-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>40590822.5</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>CREDIT SUISSE SECURITIES (USA) LLC</principalName>
            <principalFileNo>008-00422</principalFileNo>
            <principalCrdNo>000000816</principalCrdNo>
            <principalLei>1V8Y6QCX6YMJ2OELII46</principalLei>
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            <principalName>STIFEL, NICOLAUS &amp; COMPANY, INCORPORATED</principalName>
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          <principalTransaction>
            <principalName>MARKETAXESS CORPORATION</principalName>
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            <principalName>WELLS FARGO SECURITIES, LLC</principalName>
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          <principalTransaction>
            <principalName>ROBERT W. BAIRD &amp; CO.</principalName>
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            <principalName>CITIGROUP GLOBAL MARKETS INC.</principalName>
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      <managementInvestmentQuestion>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
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            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
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            <adminName>Citi Fund Services Ohio, Inc.</adminName>
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            <adminName>Victory Capital Management Inc.</adminName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="USAA Mutual Funds Trust" secFileNo="811-07852"/>
                <creditUser fundName="Victory Portfolios II" secFileNo="811-22696"/>
                <creditUser fundName="Victory Variable Insurance Fund" secFileNo="811-08979"/>
              </sharedCreditType>
              <creditLineUsed isCreditLineUsed="Y" averageCreditLineUsed="6400000" daysCreditUsed="1"/>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isInfoRequiredEO>true</isInfoRequiredEO>
    </attachmentsTab>
    <signature registrantSignedName="Victory Portfolios" signedDate="2020-03-13" signature="Allan Shaer" title="Principal Financial Officer"/>
  </formData>
</edgarSubmission>
