# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210068
**Filing Date:** 2025-8
**Character Count:** 71119
**Document Hash:** 7f6b1beea20f2dbb7562e29e27b94a96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210068.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210068

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22696
- **FILM NUMBER:** 251268240

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 216-898-2411

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Compass EMP Funds Trust
- **DATE OF NAME CHANGE:** 20120417

## Series and Classes Contracts Data

### VictoryShares International Value Momentum ETF formerly VictoryShares USAA MSCI International Value Momentum ETF (Series ID: S000065157)

| Class ID   | Class Name                                                                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000210926 | VictoryShares International Value Momentum ETF formerly VictoryShares USAA MSCI International Value Momentum ETF | UIVM            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Victory Portfolios II

- **b. Investment Company Act file number:** 811-22696

- **c. CIK number of Registrant:** 0001547580

- **d. LEI of Registrant:** 5493002SUQLUY3T5P040

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

  - **Telephone number:** 800-539-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** VictoryShares International Value Momentum ETF

- **b. EDGAR series identifier (if any):** S000065157

- **c. LEI of Series:** 549300E7201NTWCGJH16

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $272078725.48

**Total Liabilities:** $7125274.07

**Net Assets:** $264953451.41

**Cash Not Reported:** $2116604.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210926 | 5.83%                | 6.10%                | 3.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1021656.17              | $11285010.85                               |
| Month 2  | $6227.93                 | $12512868.84                               |
| Month 3  | $9813766.47              | $-713421.28                                |

### Schedule of Portfolio Investments

| Name                                                   | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WILMAR INTERNATIONAL LIMITED                           | WILMAR INTERNATIONAL LTD                         | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |    688600 | NS      | $1554658.59   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                                  | ANGLOGOLD ASHANTI PLC                            | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     20013 | NS      | $911992.41    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group Aktiengesellschaft                           | MG TECHNOLOGIES AG                               | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     26721 | NS      | $1869437.72   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED                     | FAIRFAX FINANCIAL HOLDINGS LTD                   | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       963 | NS      | $1738435.66   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize AG                                              | AMRIZE LTD                                       | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |     13348 | NS      | $666137.74    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                           | COMPAGNIE DE SAINT GOBAIN                        | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     10389 | NS      | $1219212.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                                        | PRO MEDICUS LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      4186 | NS      | $785219.30    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                                 | STANDARD CHARTERED PLC                           | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     73601 | NS      | $1219191.75   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Raiffeisen Bank International AG                       | RAIFFEISEN BANK INTERNATIONAL AG                 | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |     31715 | NS      | $966720.30    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                                   | HENKEL AG CO KGAA                                | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |     22795 | NS      | $1789685.64   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| A2A S.P.A.                                             | A2A SPA                                          | CUSIP: N/A<br>LEI: 81560076E3944316DB24       | Long             | EC               | CORP              | IT        |    590051 | NS      | $1587989.42   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc.                                          | SK HYNIX INC                                     | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      4419 | NS      | $956309.20    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                              | HOLCIM LTD                                       | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     13348 | NS      | $991296.43    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica S.A.                                        | TELEFONICA S A                                   | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    366862 | NS      | $1926258.83   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| UNICREDIT, SOCIETA PER AZIONI                          | UNICREDIT SPA                                    | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     17324 | NS      | $1161204.23   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMERIEUX SA                                          | BIOMERIEUX                                       | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |     13324 | NS      | $1842360.31   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.               | YANGZIJIANG SHIPBUILDING HOLDINGS LTD            | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    487600 | NS      | $851535.56    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER CORPORATION DU CANADA                            | POWER CORP OF CANADA                             | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     55613 | NS      | $2172484.92   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| KYOCERA CORPORATION                                    | KYOCERA CORP                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     99500 | NS      | $1197883.53   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AENA SME SA                                            | AENA SME SA                                      | CUSIP: E526LK101<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |     76002 | NS      | $2028414.82   | 0.77%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BT GROUP PLC                                           | BT GROUP PLC                                     | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |    611683 | NS      | $1626481.59   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN POST INSURANCE Co.,Ltd.                          | JAPAN POST INSURANCE CO LTD                      | CUSIP: N/A<br>LEI: 54930042SK2Z708BA841       | Long             | EC               | CORP              | JP        |     54800 | NS      | $1241077.85   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ORANGE SA                                              | ORANGE SA                                        | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    151122 | NS      | $2298761.70   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCA MONTE DEI PASCHI DI SIENA S.P.A.                 | BANCA MONTE DEI PASCHI DI SIENA SPA              | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |    117808 | NS      | $1002083.98   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| RYOHIN KEIKAKU CO., LTD.                               | RYOHIN KEIKAKU CO                                | CUSIP: N/A<br>LEI: 549300PMNF56J66BY371       | Long             | EC               | CORP              | JP        |     27400 | NS      | $1317765.12   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Fleet Management Corp.                         | ELEMENT FINANCIAL CORP                           | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |     73885 | NS      | $1850923.44   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF Aktiengesellschaft                            | HOCHTIEF AG                                      | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |      5901 | NS      | $1162768.89   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                                         | BAWAG GROUP AG                                   | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     10007 | NS      | $1277629.79   | 0.48%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NEC Corporation                                        | NEC CORP                                         | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     35300 | NS      | $1034312.80   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TESCO PLC                                              | TESCO PLC                                        | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |    307026 | NS      | $1690928.90   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                                              | BUZZI UNICEM SPA                                 | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     18285 | NS      | $1013488.29   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SWIRE PACIFIC LIMITED                                  | SWIRE PACIFIC LTD CL A                           | CUSIP: N/A<br>LEI: 549300KZOZHII0DGF611       | Long             | EC               | CORP              | HK        |    153678 | NS      | $1316591.14   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                                    | DEUTSCHE TELEKOM AG REG                          | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     46860 | NS      | $1709288.37   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                                           | CARREFOUR SA                                     | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    106149 | NS      | $1496517.87   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| A.P. MOELLER - MAERSK A/S                              | AP MOELLER MAERSK A S                            | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |       443 | NS      | $823699.63    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SK TELECOM CO.,LTD                                     | SK TELECOM CO LTD                                | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     44066 | NS      | $1851732.16   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group N.V.                                          | NN GROUP NV                                      | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     31358 | NS      | $2083786.82   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                             | SCOUT24 SE                                       | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |     12103 | NS      | $1669251.51   | 0.63%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. | HD KOREA SHIPBUILDING OFFSHORE ENGINEERING CO LT | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      2977 | NS      | $807516.49    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGIE SA                                               | ENGIE                                            | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     92063 | NS      | $2160505.14   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMOS GOLD INC.                                       | ALAMOS GOLD INC                                  | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     39059 | NS      | $1039010.71   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK Kommanditgesellschaft auf Aktien                 | MERCK KGAA                                       | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |     10947 | NS      | $1418272.40   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MINI MSCI EAFE INDEX FUTURE SEP25                      | MINI MSCI EAFE INDEX FUTURE SEP25                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        15 | NC      | $16748.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLKSWAGEN AKTIENGESELLSCHAFT                          | VOLKSWAGEN AG                                    | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |     12654 | NS      | $1335686.75   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS, Actividades de Construccion y Servicios, S.A.     | ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA   | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |     23462 | NS      | $1628998.52   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke Aktiengesellschaft            | BAYERISCHE MOTOREN WERKE BMW AG                  | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     13102 | NS      | $1164464.48   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GEORGE WESTON LIMITEE.                                 | GEORGE WESTON LIMITED                            | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |     10084 | NS      | $2022650.73   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co., Ltd.                                   | SHIONOGI CO LTD                                  | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     89400 | NS      | $1610553.51   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Panasonic Holdings Corporation                         | PANASONIC HOLDINGS CORP                          | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |     82900 | NS      | $895554.90    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| METRO INC.                                             | METRO INC                                        | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |     29061 | NS      | $2283089.87   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Idemitsu Kosan Co.,Ltd.                                | IDEMITSU KOSAN CO LTD                            | CUSIP: N/A<br>LEI: 549300P0R46FF6DUA630       | Long             | EC               | CORP              | JP        |    220100 | NS      | $1337506.08   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ISRAEL DISCOUNT BANK LIMITED                           | ISRAEL DISCOUNT BANK A                           | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |    182077 | NS      | $1815846.22   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                        | SHINHAN FINANCIAL GROUP CO LTD                   | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     24384 | NS      | $1109595.79   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBARU CORPORATION                                     | SUBARU CORP                                      | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     49400 | NS      | $863016.18    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ISUZU MOTORS LIMITED                                   | ISUZU MOTORS LTD                                 | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    107200 | NS      | $1362800.19   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                              | FRESENIUS MEDICAL CARE AG                        | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |     21476 | NS      | $1230575.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GEELY AUTOMOBILE HOLDINGS LIMITED                      | GEELY AUTOMOBILE HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    239000 | NS      | $485934.49    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                         | RHEINMETALL AG                                   | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       366 | NS      | $774641.95    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corporation                          | FUJIFILM HOLDINGS CORPORATION                    | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |     55900 | NS      | $1219791.65   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WH GROUP LIMITED                                       | WH GROUP LTD                                     | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   1228671 | NS      | $1181760.58   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corporation                             | SANWA HOLDINGS CORP                              | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |     37000 | NS      | $1230592.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext N.V.                                          | EURONEXT NV                                      | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |     12557 | NS      | $2145977.46   | 0.81%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                        | KONINKLIJKE AHOLD DELHAIZE NV                    | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     47432 | NS      | $1983223.41   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIPOL ASSICURAZIONI S.P.A.                            | UNIPOL GRUPPO SPA                                | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |     64182 | NS      | $1271862.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HMM CO.,LTD                                            | HMM CO LTD                                       | CUSIP: N/A<br>LEI: 988400M8Q35QDZ4XXW80       | Long             | EC               | CORP              | KR        |     55367 | NS      | $923262.06    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO GAS CO.,LTD.                                     | TOKYO GAS CO LTD                                 | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |     35200 | NS      | $1171459.13   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEOS Holdings, Inc.                                   | ENEOS HOLDINGS INC                               | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |    240200 | NS      | $1192909.37   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PEARSON PLC                                            | PEARSON PLC                                      | CUSIP: N/A<br>LEI: 2138004JBXWWJKIURC57       | Long             | EC               | CORP              | GB        |    123751 | NS      | $1819792.73   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                       | ARCELORMITTAL                                    | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     31224 | NS      | $988161.78    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa Aktiengesellschaft                  | DEUTSCHE LUFTHANSA AG                            | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |    130227 | NS      | $1101278.93   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ICL GROUP LTD                                          | ICL GROUP LTD                                    | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | EC               | CORP              | IL        |    190262 | NS      | $1305503.43   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Comercial Portugues, S.A.                        | BANCO COMERCIAL PORTUGUES SA                     | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |   1423026 | NS      | $1107192.81   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIWA HOUSE INDUSTRY CO.,LTD.                          | DAIWA HOUSE INDUSTRY CO LTD                      | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |     62800 | NS      | $2160644.49   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                  | VODAFONE GROUP PLC                               | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   1324341 | NS      | $1413672.45   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV Aktiengesellschaft                                 | OMV AG                                           | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     34959 | NS      | $1901449.43   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hana Financial Group Inc.                              | HANA FINANCIAL GROUP INC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     19836 | NS      | $1268692.51   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp.                                               | LG CORP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     23959 | NS      | $1413426.52   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSILORLUXOTTICA SA                                    | ESSILORLUXOTTICA SA                              | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      5588 | NS      | $1532843.21   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| INTESA SANPAOLO SPA                                    | INTESA SANPAOLO SPA                              | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    257070 | NS      | $1481034.95   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORPORATION                                        | KIA CORP                                         | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     15442 | NS      | $1108967.46   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCA MEDIOLANUM SPA                                   | BANCA MEDIOLANUM SPA                             | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |     85014 | NS      | $1463894.14   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| LEONARDO - SOCIETA PER AZIONI                          | LEONARDO SPA                                     | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |     14507 | NS      | $816386.11    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kawasaki Kisen Kaisha, Ltd.                            | KAWASAKI KISEN KAISHA LTD                        | CUSIP: N/A<br>LEI: 353800FL04R73DS5P870       | Long             | EC               | CORP              | JP        |     68700 | NS      | $975226.06    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND         | GLDMN SCHS FIN SQ GV-FST                         | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1732088 | NS      | $1732087.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                             | AGINCO EAGLE MINES LTD                           | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      9739 | NS      | $1160440.19   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                                   | SCHINDLER HOLDING AG                             | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |      5248 | NS      | $1952036.31   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD                 | SINGAPORE TECHNOLOGIES ENGINEERING LTD           | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |    193300 | NS      | $1184555.54   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer Aktiengesellschaft                               | BAYER AG                                         | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |     35103 | NS      | $1055727.77   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank N.V.                                     | ABN AMRO GROUP NV                                | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     53156 | NS      | $1454990.86   | 0.55%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO P.L.C.                        | BRITISH AMERICAN TOBACCO PLC                     | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     39492 | NS      | $1876906.55   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                               | ROLLS ROYCE HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     86456 | NS      | $1148079.68   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN POST HOLDINGS Co.,Ltd.                           | JAPAN POST HOLDINGS CO LTD                       | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |    132900 | NS      | $1232640.81   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Prime Site AG                                    | SWISS PRIME SITE AG                              | CUSIP: N/A<br>LEI: 506700XI9H64OPR34158       | Long             | EC               | CORP              | CH        |     19549 | NS      | $2928282.94   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI GLOVIS Co., LTD.                               | HYUNDAI GLOVIS CO LTD                            | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |     10171 | NS      | $1016120.06   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKS AND SPENCER GROUP P.L.C.                         | MARKS SPENCER PLC                                | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |    251745 | NS      | $1224434.61   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORPORATION                               | KINROSS GOLD CORP                                | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     62038 | NS      | $969571.56    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ENI S.P.A.                                             | ENI SPA                                          | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    117251 | NS      | $1900232.92   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                                    | IMPERIAL BRANDS PLC                              | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     50154 | NS      | $1980279.39   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL BANK OF KOREA                               | INDUSTRIAL BANK OF KOREA                         | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               |  | KR        |    149935 | NS      | $2029061.81   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERZBANK Aktiengesellschaft.                        | COMMERZBANK AG                                   | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |     32554 | NS      | $1026802.18   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CK ASSET HOLDINGS LIMITED                              | CK ASSET HOLDINGS LIMITED                        | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |    327493 | NS      | $1443527.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| POSTE ITALIANE - SOCIETA PER AZIONI                    | POSTE ITALIANE SPA                               | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               |  | IT        |    105486 | NS      | $2266164.89   | 0.86%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CREDIT AGRICOLE SA                                     | CREDIT AGRICOLE SA                               | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |    102074 | NS      | $1931379.92   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE AIRLINES LIMITED                             | SINGAPORE AIRLINES LTD                           | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |    397100 | NS      | $2177302.55   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                   | HSBC US GOVT MMKT-I                              | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1732088 | NS      | $1732087.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIENT OVERSEAS (INTERNATIONAL) LIMITED                | ORIENT OVERSEAS INTL LTD                         | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | BM        |     48500 | NS      | $824222.58    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN HUNG KAI PROPERTIES LIMITED                        | SUN HUNG KAI PROPERTIES LTD                      | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |    127309 | NS      | $1460460.33   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TOHO CO., LTD.                                         | TOHO CO LTD TOKYO                                | CUSIP: N/A<br>LEI: 529900IYHHYWU4O3H185       | Long             | EC               | CORP              | JP        |     24500 | NS      | $1447982.50   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                                | HEIDELBERG MATERIALS AG                          | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      5099 | NS      | $1197818.18   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Company, Incorporated             | CHUBU ELECTRIC POWER CO INC                      | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |    137300 | NS      | $1698251.96   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                 | NISSAN MOTOR CO LTD                              | CUSIP: N/A<br>LEI: 353800DRBDH1LUTNAY26       | Long             | EC               | CORP              | JP        |    251400 | NS      | $611433.29    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TORAY INDUSTRIES, INC.                                 | TORAY INDUSTRIES INC                             | CUSIP: N/A<br>LEI: 35380099TCYR5FHT0A11       | Long             | EC               | CORP              | JP        |    146300 | NS      | $1003647.06   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| INPEX CORPORATION                                      | INPEX CORP                                       | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    106600 | NS      | $1499166.61   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| ARISTOCRAT LEISURE LIMITED                             | ARISTOCRAT LEISURE LTD                           | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |     29095 | NS      | $1247645.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                                           | NUTRIEN LTD                                      | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     25180 | NS      | $1467415.54   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK LEUMI LE ISRAEL B.M.                              | BANK LEUMI LE ISRAEL BM                          | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |    106784 | NS      | $1987107.09   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                 | SAP SE                                           | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      4434 | NS      | $1348154.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| J SAINSBURY PLC                                        | J SAINSBURY PLC                                  | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |    387962 | NS      | $1543009.51   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                                  | BANCO SANTANDER SA                               | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    140626 | NS      | $1163877.91   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LG CHEM LTD                                            | LG CHEM LTD                                      | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |      5074 | NS      | $795339.06    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA MOTOR CO., LTD.                                  | HONDA MOTOR CO LTD                               | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     99700 | NS      | $965564.62    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                             | BANDAI NAMCO HOLDINGS INC                        | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |     31600 | NS      | $1134826.03   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AGEAS SA                                               | AGEAS                                            | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |     34854 | NS      | $2354278.83   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group, S.A.        | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA     | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |    244035 | NS      | $1142726.16   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOBIS CO.,LTD                                  | HYUNDAI MOBIS                                    | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      5619 | NS      | $1195177.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui O.S.K. Lines, Ltd.                              | MITSUI OSK LINES LTD                             | CUSIP: N/A<br>LEI: 353800P8O843TMAZ6S09       | Long             | EC               | CORP              | JP        |     33400 | NS      | $1118049.86   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| RIO TINTO LIMITED                                      | RIO TINTO LIMITED                                | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     17742 | NS      | $1250658.30   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HONGKONG LAND HOLDINGS LIMITED                         | HONGKONG LAND HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | BM        |    195900 | NS      | $1130343.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS LAND & INVESTMENT LTD.                  | CHINA OVERSEAS LAND INVESTMENT LTD               | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |    401000 | NS      | $695774.36    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                                  | KONGSBERG GRUPPEN ASA                            | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |     25923 | NS      | $1005668.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SAAB Aktiebolag                                        | SAAB AB B                                        | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               | CORP              | SE        |     15425 | NS      | $860550.91    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol S.A.                                            | REPSOL SA                                        | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    116699 | NS      | $1709168.08   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Woori Financial Group Inc.                             | WOORI FINANCIAL GROUP INC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     92619 | NS      | $1541018.71   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KLEPIERRE SA                                           | KLEPIERRE SA                                     | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     59391 | NS      | $2339153.68   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Company Limited                              | SINO LAND CO                                     | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |   1681131 | NS      | $1788277.75   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| LES COMPAGNIES LOBLAW LIMITEE                          | LOBLAW COMPANIES LTD                             | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     11741 | NS      | $1942318.04   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ELBIT SYSTEMS LTD                                      | ELBIT SYSTEMS LTD                                | CUSIP: N/A<br>LEI: 529900Q9CB1REUMZSS32       | Long             | EC               | CORP              | IL        |      2728 | NS      | $1214390.06   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                  | INVESCO GVT & AGNCY-INST                         | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1732088 | NS      | $1732087.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa, Sociedad Anonima                               | ENDESA SA                                        | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |     60638 | NS      | $1920469.97   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| RENAULT SA                                             | RENAULT SA                                       | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |     25881 | NS      | $1192786.59   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER BANCA S.P.A.                                      | BPER BANCA                                       | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |    121779 | NS      | $1106716.72   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                               | LLOYDS BANKING GROUP PLC                         | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   1350713 | NS      | $1421803.16   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                      | NATWEST GROUP PLC                                | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    194783 | NS      | $1367076.46   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                                 | Mercedes Benz Group AG                           | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     21302 | NS      | $1246697.89   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITZ FINANCIAL GROUP INC.                            | MERITZ FINANCIAL GROUP INC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     13339 | NS      | $1112160.01   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                           | BARCLAYS PLC                                     | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | RF                | GB        |    246995 | NS      | $1143366.69   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ORKLA ASA                                              | ORKLA ASA                                        | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    160578 | NS      | $1746850.97   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KONAMI GROUP CORPORATION                               | KONAMI GROUP CORP                                | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |      7200 | NS      | $1140829.22   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Company Limited                  | TAKEDA PHARMACEUTICAL CO LTD                     | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     62500 | NS      | $1920706.30   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| QANTAS AIRWAYS LIMITED                                 | QANTAS AIRWAYS LIMITED                           | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    168001 | NS      | $1187247.16   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                                               | TELE2 AB                                         | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |    124101 | NS      | $1814207.81   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                          | ENBRIDGE INC                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     48310 | NS      | $2190909.59   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JFE Holdings, Inc.                                     | JFE HOLDINGS INC                                 | CUSIP: N/A<br>LEI: 3538002Y11Y03NA9B530       | Long             | EC               | CORP              | JP        |    136300 | NS      | $1587437.32   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HANWHA AEROSPACE CO., LTD.                             | HANWHA AEROSPACE CO LTD                          | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |       798 | NS      | $501522.27    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE SA                                    | SOCIETE GENERALE                                 | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     19367 | NS      | $1107448.24   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES LAND LIMITED                           | CHINA RESOURCES LAND LIMITED                     | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    208000 | NS      | $704842.22    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktiebolaget Industrivarden                            | INDUSTRIVARDEN AB                                | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |     50446 | NS      | $1822713.14   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                       | BOC HONG KONG HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    347500 | NS      | $1509579.98   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERA INCORPORATED                                     | EMERA INC                                        | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     48234 | NS      | $2209780.35   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSICURAZIONI GENERALI SOCIETA PER AZIONI              | GENERALI                                         | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     49534 | NS      | $1762487.21   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRICA PLC                                           | CENTRICA PLC                                     | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    722052 | NS      | $1600871.49   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                           | 3I GROUP PLC                                     | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     26272 | NS      | $1485495.64   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                       | DEUTSCHE BANK AG                                 | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     37677 | NS      | $1116943.95   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Chemical Group Corporation                  | MITSUBISHI CHEMICAL GROUP CORP                   | CUSIP: N/A<br>LEI: 353800YNKX4RQUGAR072       | Long             | EC               | CORP              | JP        |    256400 | NS      | $1349754.84   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                         | KT CORP                                          | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     28423 | NS      | $1173320.31   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                                | STMICROELECTRONICS N V                           | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | NL        |     35432 | NS      | $1082315.23   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| OBAYASHI CORPORATION                                   | OBAYASHI CORPORATION                             | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |    104100 | NS      | $1580044.10   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC.                                         | CELESTICA INC                                    | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      4219 | NS      | $659249.74    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON STEEL CORPORATION                               | NIPPON STEEL CORP                                | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |     83700 | NS      | $1588666.57   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                             | EIFFAGE SA                                       | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     10827 | NS      | $1520681.89   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola HBC AG                                       | COCA COLA HBC AG                                 | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     33263 | NS      | $1736532.66   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                                | FRESENIUS SE CO KGAA                             | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |     33345 | NS      | $1676204.42   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kansai Electric Power Company, Incorporated        | KANSAI ELECTRIC POWER COMPANY                    | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |     89800 | NS      | $1065825.40   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                      | HSBC HOLDINGS PLC                                | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    129873 | NS      | $1571701.24   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                            | EQUINOR ASA                                      | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     54431 | NS      | $1378212.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corporation                                      | NAVER CORP                                       | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |      7674 | NS      | $1492940.78   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                          | NIPPON YUSEN KK                                  | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |     32500 | NS      | $1170984.10   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BOUYGUES SA                                            | BOUYGUES                                         | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |     44929 | NS      | $2032028.64   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK HAPOALIM B.M.                                     | BANK HAPOALIM BM                                 | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |    105126 | NS      | $2018734.10   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOTOR COMPANY                                  | HYUNDAI MOTOR CO                                 | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |      7364 | NS      | $1110630.70   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus N.V.                                            | PROSUS NV                                        | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     21833 | NS      | $1220687.49   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HENDERSON LAND DEVELOPMENT COMPANY LIMITED             | HENDERSON LAND DEVELOPMENT CO LTD                | CUSIP: N/A<br>LEI: 529900SYQB7IVR9QGN76       | Long             | EC               | CORP              | HK        |    394571 | NS      | $1379794.64   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| IHI Corporation                                        | IHI CORP                                         | CUSIP: N/A<br>LEI: 549300ETQIESIUQ2OE26       | Long             | EC               | CORP              | JP        |      6800 | NS      | $738606.85    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Life Insurance Co., Ltd.                       | SAMSUNG LIFE INSURANCE CO LT                     | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |     11873 | NS      | $1121040.69   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                             | MSILF GOVERNMENT-INST                            | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1732088 | NS      | $1732087.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                                        | IBERDROLA SA                                     | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    111981 | NS      | $2148509.48   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corporation                                  | TC ENERGY CORP                                   | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     37480 | NS      | $1829957.70   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CK HUTCHISON HOLDINGS LIMITED                          | CK HUTCHISON HOLDINGS                            | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |    160169 | NS      | $985536.10    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC.                                             | CANON INC                                        | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |     44600 | NS      | $1297516.49   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| LY Corporation                                         | LY CORP                                          | CUSIP: N/A<br>LEI: 52990078MD2OL792YM35       | Long             | EC               | CORP              | JP        |    401200 | NS      | $1477855.96   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank, S.A.                                        | CAIXABANK SA                                     | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    138867 | NS      | $1202803.07   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer