GLDMN SCHS FIN SQ GV-FST

NPORT-P false 0000908695 XXXXXXXX S000041439 C000128656 Victory Portfolios III 811-07852 0000908695 549300WIDR2J6W1Y9S11 15935 La Cantera Pkwy Building Two San Antonio 78256 800-235-8396 Victory Target Retirement 2060 Fund S000041439 549300SIHTC00VCH1R53 2027-04-30 2026-07-31 N 197851128.65 162085.28 197689043.37 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 987457.34000000 N GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND N/A GLDMN SCHS FIN SQ GV-FST 38141W273 33375.00000000 NS USD 33375.00000000 0.016882574487 Long STIV RF US N 1 N N VictoryShares US Multi-Factor Minimum Vol ETF 5493004HRSYZ4WW5CD82 VICTORYSHARES US MULTI FACTOR MIN VOL WTD ETF 92647N691 43625.00000000 NS USD 2605049.43000000 1.317751042542 Long RF US N 1 N N N VictoryShares International Free Cash Flow Gr ETF N/A VICTORYSHARES INTERNATIONAL FREE CASH FLOW GROWTH 92647X749 195000.00000000 NS USD 6122551.50000000 3.097061625484 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 308357.05500000 NS USD 5275989.21000000 2.668832384466 Long RF US N 1 N N N Victory Portfolios II: Victory Market Neutral Income Fund; Class I Shares 549300K0CUZCEEMBX789 VICTORY MARKET NEUTRAL INCOME FUND 92647P654 113683.12500000 NS USD 1065210.88000000 0.538831521383 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 17465.01600000 NS USD 744533.63000000 0.376618560800 Long RF US N 1 N N N VictoryShares International Value Momentum ETF N/A VICTORYSHARES INTERNATIONAL VA 92647N550 148180.00000000 NS USD 11242727.78000000 5.687076829522 Long RF US N 1 N N N VictoryShares Emerging Markets Value Momentum ETF N/A VICTORYSHARES EMERGING MARKETS 92647N543 90347.00000000 NS USD 5421470.50000000 2.742423357197 Long RF US N 1 N N N VictoryShares Small Cap Free Cash Flow ETF N/A VICTORYSHARES SMALL CAP FREE CASH FLOW ETF 92647X822 144334.00000000 NS USD 5416855.02000000 2.740088640047 Long RF US N 1 N N N VictoryShares WestEnd US Sector ETF N/A VICTORYSHARES WESTEND US SECTOR ETF 92647P126 242452.00000000 NS USD 12379599.12000000 6.262157431168 Long RF US N 1 N N N Victory Portfolios: Victory Trivalent International Fund-Core Equity; Class R6 Shares N/A VICTORY TRIVALENT INTL FUND C E R6 92646A120 1067296.87800000 NS USD 12263241.13000000 6.203298332041 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 177885.65700000 NS USD 12074878.40000000 6.108016000360 Long RF US N 1 N N N HSBC US GOVERNMENT MONEY MARKET FUND N/A HSBC US GOVT MMKT-I 40428X107 33375.00000000 NS USD 33375.00000000 0.016882574487 Long STIV RF US N 1 N N USAA Mutual Funds Trust: Intermediate-Term Bond Fund; Institutional Class Shares N/A VICTORY CORE PLUS INTERMEDIATE BOND FUND 903288595 623208.36700000 NS USD 5633803.64000000 2.849830999210 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 137.52800000 NS USD 1247.38000000 0.000630980846 Long RF US N 1 N N N USAA Mutual Funds Trust: Global Managed Volatility Fund; Institutional Class Shares N/A VICTORY GLOBAL MANAGED VOLATILITY FUND 903288710 1321759.88500000 NS USD 16085817.80000000 8.136929354194 Long RF US N 1 N N N VictoryShares US Small Mid Cap Value Momentum ETF N/A VICTORYSHARES US SMALL MID CAP 92647N568 59930.00000000 NS USD 6556072.32000000 3.316355933661 Long RF US N 1 N N N VictoryShares Corporate Bond ETF N/A VICTORYSHARES CORPORATE BOND ETF 92647X855 81206.00000000 NS USD 1710831.77000000 0.865415574295 Long RF US N 1 N N N VictoryShares Free Cash Flow Growth ETF N/A VICTORYSHARES FREE CASH FLOW GROWTH ETF 92647X764 212019.00000000 NS USD 6786728.19000000 3.433032035719 Long RF US N 1 N N N USAA Mutual Funds Trust: Target Managed Allocation Fund N/A VICTORY TARGET MANAGED ALLOCATION FUND 903287829 404834.86000000 NS USD 5052339.05000000 2.555700085281 Long RF US N 1 N N N Victory Portfolios: Victory RS International Fund; Class R6 Shares N/A VICTORY RS INTERNATIONAL R6 92647Q264 1211386.32600000 NS USD 19527547.58000000 9.877910908523 Long RF US N 1 N N N Victory Portfolios: Victory Integrity Mid-Cap Value Fund; Class R6 Shares N/A VICTORY INTEGRITY M C VAL R6 92647K598 134751.60000000 NS USD 3825597.92000000 1.935159306143 Long RF US N 1 N N N VictoryShares US Value Momentum ETF N/A VICTORYSHARES US VALUE MOMENTU 92647N576 92671.00000000 NS USD 10068222.26000000 5.092959168787 Long RF US N 1 N N MSILF Government Portfolio N/A MSILF GOVERNMENT-INST 61747C707 33375.00000000 NS USD 33375.00000000 0.016882574487 Long STIV RF US N 1 N N USAA Mutual Funds Trust: Income Stock Fund; Institutional Class Shares N/A VICTORY INCOME STOCK FUND 903288660 280156.20800000 NS USD 6023358.47000000 3.046885334320 Long RF US N 1 N N N VictoryShares Free Cash Flow ETF N/A VICTORYSHARES FREE CASH FLOW ETF 92647X830 218406.00000000 NS USD 10863514.44000000 5.495253684680 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 161012.74700000 NS USD 4962412.86000000 2.510211378135 Long RF US N 1 N N N INVESCO GOVERNMENT & AGENCY PORTFOLIO N/A INVESCO GVT & AGNCY-INST 825252885 33375.00000000 NS USD 33375.00000000 0.016882574487 Long STIV RF US N 1 N N USAA Mutual Funds Trust: 500 Index Fund; Reward Shares N/A VICTORY 500 INDEX FUND 903288769 202726.25700000 NS USD 18393353.30000000 9.304184484101 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 747096.65200000 NS USD 6559508.60000000 3.318094158472 Long RF US N 1 N N N 2026-08-31 Victory Portfolios III Carol D. Trevino Carol D. Trevino Treasurer XXXX