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        <name>THE AZEK COMPANY INC.</name>
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        <name>UNDER ARMOUR, INC.</name>
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        <name>Nextracker Inc</name>
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        <name>RH</name>
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        <name>ONTO INNOVATION INC.</name>
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        <name>Bitdeer Technologies Group</name>
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        <name>Procept Biorobotics Corp</name>
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        <name>THE CHEESECAKE FACTORY INCORPORATED</name>
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        <name>LANTHEUS HOLDINGS, INC.</name>
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        <name>AAON, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INSMED INCORPORATED</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REDDIT INC.</name>
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        <name>OLLIE'S BARGAIN OUTLET HOLDINGS, INC.</name>
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        <name>Tecnoglass Inc.</name>
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        <name>Revolution Medicines Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PERMIAN RESOURCES CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CYBERARK SOFTWARE LTD.</name>
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        <name>BOX, INC.</name>
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        <name>Disc Medicine Inc</name>
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        <name>Onespaworld Holdings Ltd</name>
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        <name>SpringWorks Therapeutics Inc</name>
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        <name>WATTS WATER TECHNOLOGIES, INC.</name>
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        <name>MUELLER WATER PRODUCTS, INC.</name>
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        <name>WISDOMTREE, INC.</name>
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        <name>MOOG INC.</name>
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        <name>Braze Inc</name>
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        <name>Titan America SA</name>
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        <title>TITAN AMERICA SA</title>
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        <invCountry>BE</invCountry>

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        <name>EURONET WORLDWIDE, INC.</name>
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        <title>EURONET WORLDWIDE INC</title>
        <cusip>298736109</cusip>
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          <isin value="US2987361092"/>
          <other otherDesc="Internal" value="2320148"/>
        </identifiers>
        <balance>50440.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5389514.00000000</valUSD>
        <pctVal>1.413096218802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FTAI Aviation Ltd,</name>
        <lei>N/A</lei>
        <title>FTAI AVIATION LTD</title>
        <cusip>G3730V105</cusip>
        <identifiers>
          <isin value="KYG3730V1059"/>
          <other otherDesc="Internal" value="BLKFTK4"/>
        </identifiers>
        <balance>75990.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8437169.70000000</valUSD>
        <pctVal>2.212172118017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viridian Therapeutics Inc</name>
        <lei>549300C775BNYF550E70</lei>
        <title>VIRIDIAN THERAPEUTICS INC</title>
        <cusip>92790C104</cusip>
        <identifiers>
          <isin value="US92790C1045"/>
          <other otherDesc="Internal" value="BMDH2B6"/>
        </identifiers>
        <balance>154720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2085625.60000000</valUSD>
        <pctVal>0.546837738838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Payoneer Global Inc</name>
        <lei>984500491C64C70FF033</lei>
        <title>PAYONEER GLOBAL INC</title>
        <cusip>70451X104</cusip>
        <identifiers>
          <isin value="US70451X1046"/>
          <other otherDesc="Internal" value="BLSPX60"/>
        </identifiers>
        <balance>847470.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6195005.70000000</valUSD>
        <pctVal>1.624291008452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEROVIRONMENT, INC.</name>
        <lei>529900PGHVI29YLZ6221</lei>
        <title>AEROVIRONMENT INC</title>
        <cusip>008073108</cusip>
        <identifiers>
          <isin value="US0080731088"/>
          <other otherDesc="Internal" value="B1P5YY8"/>
        </identifiers>
        <balance>24180.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2882014.20000000</valUSD>
        <pctVal>0.755645753690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SI-BONE Inc</name>
        <lei>549300J8JGYVJJHV9C31</lei>
        <title>SI BONE INC</title>
        <cusip>825704109</cusip>
        <identifiers>
          <isin value="US8257041090"/>
          <other otherDesc="Internal" value="BZ0WN34"/>
        </identifiers>
        <balance>211030.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2960750.90000000</valUSD>
        <pctVal>0.776290014573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWELL INDUSTRIES, INC.</name>
        <lei>549300V08RO7MX2UBN26</lei>
        <title>POWELL INDUSTRIES INC</title>
        <cusip>739128106</cusip>
        <identifiers>
          <isin value="US7391281067"/>
          <other otherDesc="Internal" value="2697422"/>
        </identifiers>
        <balance>14690.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2502147.70000000</valUSD>
        <pctVal>0.656047178605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC US GOVERNMENT MONEY MARKET FUND</name>
        <lei>N/A</lei>
        <title>HSBC US GOVT MMKT-I</title>
        <cusip>40428X107</cusip>
        <identifiers>
          <isin value="US40428X1072"/>
        </identifiers>
        <balance>2446229.23000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2446229.23000000</valUSD>
        <pctVal>0.641385712187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2446229.23000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Q2 HOLDINGS, INC.</name>
        <lei>549300M9RKR9DZXWS696</lei>
        <title>Q2 HOLDINGS INC</title>
        <cusip>74736L109</cusip>
        <identifiers>
          <isin value="US74736L1098"/>
          <other otherDesc="Internal" value="BKM4KV0"/>
        </identifiers>
        <balance>77640.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6211976.40000000</valUSD>
        <pctVal>1.628740617823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESCO GOVERNMENT &amp; AGENCY PORTFOLIO</name>
        <lei>N/A</lei>
        <title>INVESCO GVT &amp; AGNCY-INST</title>
        <cusip>825252885</cusip>
        <identifiers>
          <isin value="US8252528851"/>
        </identifiers>
        <balance>2446229.23000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2446229.23000000</valUSD>
        <pctVal>0.641385712187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2446229.23000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rxsight Inc</name>
        <lei>N/A</lei>
        <title>RXSIGHT INC</title>
        <cusip>78349D107</cusip>
        <identifiers>
          <isin value="US78349D1072"/>
          <other otherDesc="Internal" value="BMJ0GR3"/>
        </identifiers>
        <balance>96000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2424000.00000000</valUSD>
        <pctVal>0.635557349767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIENT CORPORATION</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>AVIENT CORP</title>
        <cusip>05368V106</cusip>
        <identifiers>
          <isin value="US05368V1061"/>
          <other otherDesc="Internal" value="BMHWY55"/>
        </identifiers>
        <balance>105420.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3917407.20000000</valUSD>
        <pctVal>1.027119198842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZURN ELKAY WATER SOLUTIONS CORPORATION</name>
        <lei>549300AM3633XDFU1Q85</lei>
        <title>ZURN ELKAY WATER SOLUTIONS CORPORATION</title>
        <cusip>98983L108</cusip>
        <identifiers>
          <isin value="US98983L1089"/>
          <other otherDesc="Internal" value="BMV1ZD3"/>
        </identifiers>
        <balance>154840.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5106623.20000000</valUSD>
        <pctVal>1.338924054148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Natural Grocers by Vitamin Cottage Inc</name>
        <lei>529900P4OTXDGBUS3O87</lei>
        <title>NATURAL GROCERS BY VITAMIN COTTAGE INC</title>
        <cusip>63888U108</cusip>
        <identifiers>
          <isin value="US63888U1088"/>
          <other otherDesc="Internal" value="B82C9Z7"/>
        </identifiers>
        <balance>113230.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4551846.00000000</valUSD>
        <pctVal>1.193465008379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL STORAGE AFFILIATES TRUST</name>
        <lei>529900FS06O8GOYNR108</lei>
        <title>NATIONAL STORAGE AFFILIATES TRUST</title>
        <cusip>637870106</cusip>
        <identifiers>
          <isin value="US6378701063"/>
          <other otherDesc="Internal" value="BWWCK85"/>
        </identifiers>
        <balance>64170.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2528298.00000000</valUSD>
        <pctVal>0.662903620587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUARDANT HEALTH, INC.</name>
        <lei>254900M8C3E5VC8BR186</lei>
        <title>GUARDANT HEALTH INC</title>
        <cusip>40131M109</cusip>
        <identifiers>
          <isin value="US40131M1099"/>
          <other otherDesc="Internal" value="BFXC911"/>
        </identifiers>
        <balance>51230.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2182398.00000000</valUSD>
        <pctVal>0.572210845304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APELLIS PHARMACEUTICALS, INC.</name>
        <lei>254900HS0ZFRXXSB9D42</lei>
        <title>APELLIS PHARMACEUTICALS INC</title>
        <cusip>03753U106</cusip>
        <identifiers>
          <isin value="US03753U1060"/>
          <other otherDesc="Internal" value="BYTQ6X1"/>
        </identifiers>
        <balance>60500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1323135.00000000</valUSD>
        <pctVal>0.346917563525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRION TECHNOLOGIES, INC.</name>
        <lei>549300BNTOWVWFNVTJ65</lei>
        <title>MIRION TECHNOLOGIES INC</title>
        <cusip>60471A101</cusip>
        <identifiers>
          <isin value="US60471A1016"/>
          <other otherDesc="Internal" value="BMG3PQ7"/>
        </identifiers>
        <balance>259610.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3764345.00000000</valUSD>
        <pctVal>0.986987265598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WINTRUST FINANCIAL CORPORATION</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>WINTRUST FINANCIAL CORP</title>
        <cusip>97650W108</cusip>
        <identifiers>
          <isin value="US97650W1080"/>
          <other otherDesc="Internal" value="2425258"/>
        </identifiers>
        <balance>46560.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5236137.60000000</valUSD>
        <pctVal>1.372881904321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHAMPION HOMES, INC</name>
        <lei>N/A</lei>
        <title>CHAMPION HOMES INC</title>
        <cusip>830830105</cusip>
        <identifiers>
          <isin value="US8308301055"/>
          <other otherDesc="Internal" value="2814005"/>
        </identifiers>
        <balance>69410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6577291.60000000</valUSD>
        <pctVal>1.724523934796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly total returns reported under item B.5.a do not include any sales or redemption charges, as applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios</ncom:nameOfApplicant>
      <ncom:signature>Carol Trevino</ncom:signature>
      <ncom:signerName>Carol Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
