VICTORY TARGET MANAGED ALLOCATION FUND

NPORT-P false 0000908695 XXXXXXXX S000037224 C000114650 Victory Portfolios III 811-07852 0000908695 549300WIDR2J6W1Y9S11 15935 La Cantera Pkwy Building Two San Antonio 78256 800-235-8396 Victory Cornerstone Conservative Fund S000037224 549300MH9XW7M0ZWBN87 2025-02-28 2024-11-30 N 209744311.14 1160541.00 208583770.14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 378763.59000000 N USAA Mutual Funds Trust: Target Managed Allocation Fund N/A VICTORY TARGET MANAGED ALLOCATION FUND 903287829 475327.01700000 NS USD 5266623.35000000 2.524943981243 Long RF US N 1 N N N MSILF Government Portfolio N/A MSILF GOVERNMENT-INST 61747C707 254706.25000000 NS USD 254706.25000000 0.122112209319 Long STIV RF US N 1 N N VictoryShares Core Intermediate Bond ETF N/A VICTORYSHARES CORE INTERMEDIATE BOND ETF 92647N527 438782.00000000 NS USD 20613978.36000000 9.882829496352 Long RF US N 1 N N N USAA Mutual Funds Trust: Emerging Markets Fund; Institutional Class Shares N/A VICTORY EMERGING MARKETS FUND 903288629 105073.01700000 NS USD 2185518.75000000 1.047789455782 Long RF US N 1 N N N USAA Mutual Funds Trust: International Fund; Institutional Class Shares N/A VICTORY INTERNATIONAL FUND 903288637 254571.40300000 NS USD 7127999.28000000 3.417331691346 Long RF US N 1 N N N USAA Mutual Funds Trust: High Income Fund; Institutional Class Shares N/A VICTORY HIGH INCOME FUND 903288579 1387406.08300000 NS USD 9600850.09000000 4.602874942549 Long RF US N 1 N N N USAA Mutual Funds Trust: Short-Term Bond Fund; Institutional Class Shares N/A VICTORY SHORT TERM BOND FUND 903288587 867.60000000 NS USD 7895.16000000 0.003785126711 Long RF US N 1 N N N VictoryShares Emerging Markets Value Momentum ETF N/A VICTORYSHARES EMERGING MARKETS 92647N543 55618.00000000 NS USD 2623539.99000000 1.257787213376 Long RF US N 1 N N N VictoryShares WestEnd US Sector ETF N/A VICTORYSHARES WESTEND US SECTOR ETF 92647P126 82587.00000000 NS USD 3409133.55000000 1.634419373909 Long RF US N 1 N N VictoryShares US Value Momentum ETF N/A VICTORYSHARES US VALUE MOMENTU 92647N576 25995.00000000 NS USD 2267408.68000000 1.087049427900 Long RF US N 1 N N N USAA Mutual Funds Trust: Intermediate-Term Bond Fund; Institutional Class Shares N/A VICTORY CORE PLUS INTERMEDIATE BOND FUND 903288595 5279774.23800000 NS USD 48837911.70000000 23.41405166241 Long RF US N 1 N N N USAA Mutual Funds Trust: Precious Metals & Minerals Fund; Institutional Class Shares N/A VICTORY PRECIOUS METALS AND MINERALS FUND 903288561 63955.13800000 NS USD 1350092.96000000 0.647266543841 Long RF US N 1 N N N USAA Mutual Funds Trust: Income Stock Fund; Institutional Class Shares N/A VICTORY INCOME STOCK FUND 903288660 106051.09400000 NS USD 2333124.07000000 1.118554942426 Long RF US N 1 N N N VictoryShares Short-Term Bond ETF N/A VICTORYSHARES SHORT TERM BOND ETF 92647N535 579469.00000000 NS USD 29222621.67000000 14.01001700678 Long RF US N 1 N N N USAA Mutual Funds Trust: Government Securities Fund; Institutional Class Shares N/A VICTORY GOVERNMENT SECURITIES FUND 903287787 2859872.85400000 NS USD 25338473.49000000 12.14786436787 Long RF US N 1 N N N VictoryShares US Small Mid Cap Value Momentum ETF N/A VICTORYSHARES US SMALL MID CAP 92647N568 18550.00000000 NS USD 1703483.60000000 0.816690387203 Long RF US N 1 N N N HSBC US GOVERNMENT MONEY MARKET FUND N/A HSBC US GOVT MMKT-I 40428X107 278918.75000000 NS USD 278918.75000000 0.133720255326 Long STIV RF US N 1 N N Victory Portfolios II: Victory Market Neutral Income Fund; Class I Shares 549300K0CUZCEEMBX789 VICTORY MARKET NEUTRAL INCOME FUND 92647P654 1161670.40200000 NS USD 9723181.26000000 4.661523403030 Long RF US N 1 N N N USAA Mutual Funds Trust: Small Cap Stock Fund; Institutional Class Shares N/A VICTORY SMALL CAP STOCK FUND 903288645 36945.11100000 NS USD 577452.08000000 0.276844204902 Long RF US N 1 N N N GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND N/A GLDMN SCHS FIN SQ GV-FST 38141W273 278918.75000000 NS USD 278918.75000000 0.133720255326 Long STIV RF US N 1 N N VictoryShares Free Cash Flow ETF N/A VICTORYSHARES FREE CASH FLOW ETF 92647X830 90000.00000000 NS USD 3294900.00000000 1.579653104260 Long RF US N 1 N N USAA Mutual Funds Trust: 500 Index Fund; Reward Shares N/A VICTORY 500 INDEX FUND 903288769 95379.69100000 NS USD 7366173.54000000 3.531518073077 Long RF US N 1 N N N USAA Mutual Funds Trust: Income Fund; Institutional Class Shares N/A VICTORY INCOME FUND 903288611 1499268.68500000 NS USD 17436494.81000000 8.359468619392 Long RF US N 1 N N N VictoryShares International Value Momentum ETF N/A VICTORYSHARES INTERNATIONAL VA 92647N550 93597.00000000 NS USD 4471128.69000000 2.143564998848 Long RF US N 1 N N N USAA Mutual Funds Trust: Nasdaq-100 Index Fund; Class R6 Shares N/A VICTORY NASDAQ 100 INDEX FUND 90291A700 61247.39100000 NS USD 3222837.71000000 1.545104735539 Long RF US N 1 N N N INVESCO GOVERNMENT & AGENCY PORTFOLIO N/A INVESCO GVT & AGNCY-INST 825252885 303131.25000000 NS USD 303131.25000000 0.145328301332 Long STIV RF US N 1 N N 2024-12-30 Victory Portfolios III Carol Trevino Carol Trevino Treasurer XXXX