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        <name>AUTODESK, INC.</name>
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        <name>KEURIG DR PEPPER INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NETFLIX, INC.</name>
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        <name>BURLINGTON STORES, INC.</name>
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        <name>BJ'S WHOLESALE CLUB HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THE TRADE DESK, INC.</name>
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        <name>AMAZON.COM, INC.</name>
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        <name>CLEAN HARBORS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SNOWFLAKE INC.</name>
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        <name>CROWDSTRIKE HOLDINGS, INC.</name>
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        <name>ELI LILLY AND COMPANY</name>
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        <name>META PLATFORMS, INC.</name>
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        <name>TRADEWEB MARKETS INC.</name>
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        <name>APPLOVIN CORPORATION</name>
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        <name>NVIDIA CORPORATION</name>
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        <name>ARISTA NETWORKS, INC.</name>
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        <name>HEICO CORPORATION</name>
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        <name>TESLA, INC.</name>
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        <name>DEXCOM, INC.</name>
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        <name>FISERV, INC.</name>
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        <name>VERTEX PHARMACEUTICALS INCORPORATED</name>
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        <title>VERTEX PHARAMACEUTICALS INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC</title>
        <cusip>037833100</cusip>
        <identifiers>
          <isin value="US0378331005"/>
          <other otherDesc="Internal" value="037833100"/>
        </identifiers>
        <balance>147758.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30315508.86000000</valUSD>
        <pctVal>8.595861979724</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>UBER TECHNOLOGIES, INC.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>UBER TECHNOLOGIES INC</title>
        <cusip>90353T100</cusip>
        <identifiers>
          <isin value="US90353T1007"/>
          <other otherDesc="Internal" value="90353T100"/>
        </identifiers>
        <balance>27990.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2611467.00000000</valUSD>
        <pctVal>0.740472805529</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>2025-07-30</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>
</edgarSubmission>
