# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210072
**Filing Date:** 2025-8
**Character Count:** 73029
**Document Hash:** b6a99ae5608b115e86104a85a516f1c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210072.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210072

**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:** 251268244

**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 Emerging Markets Value Momentum ETF formerly VictoryShares USAA MSCI Emerging Markets Value Momentum ETF (Series ID: S000065158)

| Class ID   | Class Name                                                                                                             | Ticker Symbol   |
|:---|:---|:---|
| C000210927 | VictoryShares Emerging Markets Value Momentum ETF formerly VictoryShares USAA MSCI Emerging Markets Value Momentum ETF | UEVM            |

## 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 Emerging Markets Value Momentum ETF

- **b. EDGAR series identifier (if any):** S000065158

- **c. LEI of Series:** 549300KFJKPEO1ORBS50

**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:** $228217519.46

**Total Liabilities:** $2707835.88

**Net Assets:** $225509683.58

**Cash Not Reported:** $676351.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210927 | 0.75%                | 5.08%                | 5.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-26487.58               | $588536.41                                 |
| Month 2  | $-5699.05                | $9052249.42                                |
| Month 3  | $3898923.98              | $5665331.60                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                          | INVESCO GVT & AGNCY-INST                        | CUSIP: 825252885<br>LEI: N/A            | Long             | STIV             | RF                | US        |    435176 | NS      | $435176.38    | 0.19%             |  |  |  | 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        |    435176 | NS      | $435176.38    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CATCHER TECHNOLOGY CO., LTD.                                   | CATCHER TECHNOLOGY CO LTD                       | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55 | Long             | EC               | CORP              | TW        |    227000 | NS      | $1647687.20   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BSE Limited                                                    | BSE LTD                                         | CUSIP: N/A<br>LEI: 335800UOTLCPTZQVDA19 | Long             | EC               | CORP              | IN        |     23440 | NS      | $757170.36    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LIMITED                               | IMPALA PLATINUM HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     53936 | NS      | $484400.52    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Krung Thai Bank Public Company Limited                         | KRUNG THAI BANK PCL                             | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36 | Long             | EC               | CORP              | TH        |   2702200 | NS      | $1770642.52   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegatron Corporation                                           | PEGATRON CORP                                   | CUSIP: N/A<br>LEI: 529900M87JQS8TUO0L66 | Long             | EC               | CORP              | TW        |    596000 | NS      | $1567185.95   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPHARM GROUP CO. LTD.                                       | SINOPHARM GROUP CO LTD                          | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92 | Long             | EC               | CORP              | CN        |    644976 | NS      | $1510205.34   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| China Life Insurance Company Limited                           | CHINA LIFE INSURANCE CO                         | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048 | Long             | EC               | CORP              | CN        |    443256 | NS      | $1063855.06   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MINI MSCI EMERGING MARKETS INDEX FUTURE SEP25                  | MINI MSCI EMERGING MARKETS INDEX FUTURE SEP25   | CUSIP: N/A<br>LEI: N/A                  | N/A              | DE               |  | US        |        11 | NC      | $6981.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KASIKORNBANK PUBLIC COMPANY LIMITED                            | KASIKORNBANK PCL                                | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |    485300 | NS      | $2291672.05   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEPI ROCKCASTLE N.V.                                           | NEPI ROCKCASTLE N V                             | CUSIP: N/A<br>LEI: 549300FMWM53K9ULYT15 | Long             | EC               | CORP              | NL        |    178528 | NS      | $1361442.21   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN GROUP LIMITED                                              | MTN GROUP LTD                                   | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     98439 | NS      | $783453.44    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Company Limited                                 | JIANGXI COPPER CO LTD                           | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |    698000 | NS      | $1355149.88   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZPROM PJSC                                                   | GAZPROM PJSC                                    | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    324752 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CHINA RESOURCES PHARMACEUTICAL GROUP LIMITED                   | CHINA RESOURCES PHARMACEUTICAL GROUP LTD        | CUSIP: N/A<br>LEI: 3003004H1KDKMJ8JD874 | Long             | EC               | CORP              | HK        |   2159500 | NS      | $1408543.00   | 0.62%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NEW CHINA LIFE INSURANCE COMPANY LTD.                          | NEW CHINA LIFE INS CO LTD                       | CUSIP: N/A<br>LEI: 300300F2001111000095 | Long             | EC               | CORP              | CN        |    173600 | NS      | $945437.41    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AAC TECHNOLOGIES HOLDINGS INC.                                 | AAC TECHNOLOGIES HOLDINGS INC                   | CUSIP: N/A<br>LEI: 549300SKEDE1VKS0A552 | Long             | EC               | CORP              | KY        |    175371 | NS      | $909283.12    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TAV HAVALIMANLARI HOLDING ANONIM SIRKETI                       | TAV HAVALIMANLARI HOLDING AS                    | CUSIP: N/A<br>LEI: 789000PBM9TT5D88M597 | Long             | EC               | CORP              | TR        |    127651 | NS      | $848276.36    | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| LATAM Airlines Group S.A.                                      | LATAM AIRLINES GROUP SA                         | CUSIP: N/A<br>LEI: 549300HX3UUDPEFTG707 | Long             | EC               | CORP              | CL        |  69839092 | NS      | $1414344.91   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MINSHENG BANKING CORP., LTD.                             | CHINA MINSHENG BANKING CORP LTD                 | CUSIP: N/A<br>LEI: 549300HBUGSQD1VCXG94 | Long             | EC               | CORP              | CN        |   3103916 | NS      | $1759611.99   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| YANG MING MARINE TRANSPORT CORPORATION                         | YANG MING MARINE TRANSPORT CORP                 | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13 | Long             | EC               | CORP              | TW        |    419000 | NS      | $1019991.78   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Yankuang Energy Group Company Limited                          | Yankuang Energy Group Co LTD                    | CUSIP: N/A<br>LEI: 3003005N7A6HYZ4Z0K39 | Long             | EC               | CORP              | CN        |   1185454 | NS      | $1179458.54   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED                          | SUN PHARMACEUTICAL INDUSTRIES LTD               | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |    115742 | NS      | $2261662.52   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS HOLDINGS LIMITED                                           | GDS HOLDINGS LTD                                | CUSIP: N/A<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |    207200 | NS      | $778679.44    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTE Corporation                                                | ZTE CORP H                                      | CUSIP: N/A<br>LEI: 3003004FBGVVG1CW5U45 | Long             | EC               | CORP              | CN        |    249200 | NS      | $771438.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OYAK CIMENTO FABRIKALARI ANONIM SIRKETI                        | OYAK CIMENTO FABRIKALARI AS                     | CUSIP: N/A<br>LEI: 789000RZ63UR4V4JZH98 | Long             | EC               | CORP              | TR        |   1052381 | NS      | $574804.30    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| China Shenhua Energy Company Limited                           | CHINA SHENHUA ENERGY CO LTD                     | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40 | Long             | EC               | CORP              | CN        |    397939 | NS      | $1543656.77   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CD Projekt SA                                                  | CD PROJEKT SA                                   | CUSIP: N/A<br>LEI: 259400TYO5Q8SH8TL437 | Long             | EC               | CORP              | PL        |     10687 | NS      | $832891.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Comp Electronics (Thailand) Public Company Limited         | CAL COMP ELECTRONICS THAILAND PCL               | CUSIP: N/A<br>LEI: 894500RJVZSIJ6N82707 | Long             | EC               | CORP              | TH        |   3798400 | NS      | $636840.97    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOSAGRO PJSC                                                  | PHOSAGRO PJSC                                   | CUSIP: 71922G308<br>LEI: N/A            | Long             |  | CORP              | RU        |     35202 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Advanced Energy Solution Holding Co Ltd                        | ADVANCED ENERGY SOLUTION HOLDING CO LTD         | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     22000 | NS      | $798438.73    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| XIAOMI CORPORATION                                             | XIAOMI CORP                                     | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |    141400 | NS      | $1079904.96   | 0.48%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI            | ASELSAN ELEKTRONIK SANAYI VE TICARET AS         | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714 | Long             | EC               | CORP              | TR        |    167555 | NS      | $634813.57    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA HONGQIAO GROUP LIMITED                                   | CHINA HONGQIAO GROUP LTD                        | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |    567500 | NS      | $1299877.70   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| MiTAC Holdings Corporation                                     | MITAC HOLDINGS CORP                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    487000 | NS      | $1108826.65   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF CHINA LIMITED                                          | BANK OF CHINA LTD                               | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |   3386882 | NS      | $1967486.90   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LONGFOR GROUP HOLDINGS LIMITED                                 | LONGFOR GROUP HOLDINGS LTD                      | CUSIP: N/A<br>LEI: 254900UJX27B2F1JYR13 | Long             | EC               | CORP              | KY        |    527427 | NS      | $622186.07    | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| JD LOGISTICS, INC.                                             | JD LOGISTICS INC                                | CUSIP: N/A<br>LEI: 655600LWTFVMV3E2A890 | Long             | EC               | CORP              | KY        |    580700 | NS      | $972062.37    | 0.43%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Postal Savings Bank of China Co., Ltd.                         | POSTAL SAVINGS BANK OF CHINA CO LTD             | CUSIP: N/A<br>LEI: 300300C1040311005298 | Long             | EC               | CORP              | CN        |   2485771 | NS      | $1735356.14   | 0.77%             |  |  |  | Yes           |                  1 | On Loan: No      |
| GF Securities Co., Ltd.                                        | GF SECURITIES CO LTD                            | CUSIP: N/A<br>LEI: 3003007E0Y3ZJ5HNA936 | Long             | EC               | CORP              | CN        |    482600 | NS      | $810307.15    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Haier Smart Home Co., Ltd.                                     | HAIER SMART HOME CO LTD                         | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |    385124 | NS      | $1101447.67   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WOCKHARDT LIMITED                                              | WOCKHARDT LTD                                   | CUSIP: N/A<br>LEI: 3358001OC2OX7OZAHZ33 | Long             | EC               | CORP              | IN        |     52487 | NS      | $1049066.74   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Alamtri Resources Indonesia Tbk                             | ALAMTRI RESOURCES INDONESIA TB                  | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |   5223100 | NS      | $588926.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU S.A.                                                    | GERDAU SA PREF                                  | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |    369684 | NS      | $1088766.91   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencosud S.A.                                                  | CENCOSUD SA                                     | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |    378471 | NS      | $1288270.11   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Petrosea Tbk                                                | PETROSEA TBK PT                                 | CUSIP: N/A<br>LEI: 254900FVV2ENXMCVUE96 | Long             | EC               | CORP              | ID        |   3284400 | NS      | $564601.11    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERGLOBE AVIATION LIMITED                                    | INTERGLOBE AVIATION LTD                         | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |     27025 | NS      | $1883446.01   | 0.84%             |  |  |  | Yes           |                  1 | On Loan: No      |
| WAN HAI LINES LTD.                                             | WAN HAI LINES LTD                               | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    252000 | NS      | $767898.11    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LONGYUAN POWER GROUP CORPORATION LIMITED                 | CHINA LONGYUAN POWER GROUP CORP LTD             | CUSIP: N/A<br>LEI: 5299008UYLF3O6V9T464 | Long             | EC               | CORP              | CN        |   1417000 | NS      | $1276251.32   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Aluminum Corporation of China Limited                          | ALUMINUM CORP OF CHINA LTD                      | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |   1718000 | NS      | $1155590.66   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AMMB HOLDINGS BERHAD                                           | AMMB HOLDINGS BHD                               | CUSIP: N/A<br>LEI: 254900R0GQB7U67SCH62 | Long             | EC               | CORP              | MY        |   1723700 | NS      | $2089085.08   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EVA AIRWAYS CORPORATION                                        | EVA AIRWAYS CORP                                | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07 | Long             | EC               | CORP              | TW        |   1042000 | NS      | $1423487.52   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL LIMITED                                                    | UPL LTD                                         | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |    233480 | NS      | $1800345.75   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fibra Uno Administracion S.C.                                  | FIBRA UNO ADMINISTRACION SA DE CV               | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    673783 | NS      | $930866.69    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGREEN MARINE CORP. (TAIWAN) LTD.                           | EVERGREEN MARINE CORP TAIWAN LTD                | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15 | Long             | EC               | CORP              | TW        |    145400 | NS      | $990673.47    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinotruk (Hong Kong) Limited                                   | SINOTRUK HONG KONG LTD                          | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724 | Long             | EC               | CORP              | HK        |    489000 | NS      | $1426564.07   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PT United Tractors Tbk                                         | UNITED TRACTORS TBK PT                          | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |   1053000 | NS      | $1391672.83   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| China Coal Energy Company Limited                              | CHINA COAL ENERGY CO LTD                        | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10 | Long             | EC               | CORP              | CN        |   1302404 | NS      | $1506532.52   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Limited                                       | OUTSURANCE GROUP LTD                            | CUSIP: N/A<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |    234657 | NS      | $1038679.65   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC SPOLKA AKCYJNA                                             | CCC SA                                          | CUSIP: N/A<br>LEI: 259400NWPQ2HCSMZP970 | Long             | EC               | CORP              | PL        |      7739 | NS      | $439252.15    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                                     | MSILF GOVERNMENT-INST                           | CUSIP: 61747C707<br>LEI: N/A            | Long             | STIV             | RF                | US        |    435176 | NS      | $435176.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co., Ltd.                               | ASE TECHNOLOGY HOLDING CO LTD                   | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |    266000 | NS      | $1343342.35   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tower Corporation Limited                                | CHINA TOWER CORP LTD                            | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               | CORP              | CN        |   1186328 | NS      | $1695682.66   | 0.75%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Tsingtao Brewery Company Limited                               | TSINGTAO BREWERY CO LTD                         | CUSIP: N/A<br>LEI: 300300OJ7D0Q1ESE8L15 | Long             | EC               | CORP              | CN        |    158000 | NS      | $1031568.09   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                             | AGRICULTURAL BANK OF CHINA LTD                  | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |   2760722 | NS      | $1969507.52   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento do Parana - Sanepar                    | CIA DE SANEAMENTO DO PA UNIT                    | CUSIP: N/A<br>LEI: 254900SZW9X2D21A7X94 | Long             |  | CORP              | BR        |    191400 | NS      | $1341952.62   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CEZ, a.s.                                                      | CEZ AS                                          | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94 | Long             | EC               | CORP              | CZ        |     22835 | NS      | $1342101.99   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIC Securities Company Limited                               | CITIC SECURITIES CO LTD                         | CUSIP: N/A<br>LEI: 300300E1006744000068 | Long             | EC               | CORP              | CN        |    246434 | NS      | $744039.36    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| INNER MONGOLIA YITAI COAL CO., LTD                             | INNER MONGOLIA YITAI COAL CO LTD                | CUSIP: N/A<br>LEI: 529900OW9OHPX81B0T69 | Long             | EC               | CORP              | CN        |    849800 | NS      | $1683453.80   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V.            | GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV  | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     80390 | NS      | $1056212.72   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HUATAI SECURITIES CO.,LTD.                                     | HUATAI SECURITIES CO LTD                        | CUSIP: N/A<br>LEI: 3003009ABT0UCWO79Q77 | Long             | EC               | CORP              | CN        |    406600 | NS      | $823590.71    | 0.37%             |  |  |  | Yes           |                  1 | On Loan: No      |
| INTER RAO UES PJSC                                             | INTER RAO UES PJSC                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |  23475472 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THE FOSCHINI GROUP LIMITED                                     | FOSCHINI GROUP LTD THE                          | CUSIP: N/A<br>LEI: 3789PTO7LG718IG59F97 | Long             | EC               | CORP              | ZA        |    101957 | NS      | $742775.08    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                            | CHINA CONSTRUCTION BANK CORP                    | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   2026000 | NS      | $2044144.36   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Price Group Ltd                                             | MR PRICE GROUP LTD                              | CUSIP: N/A<br>LEI: 378900D3417C35C5D733 | Long             | EC               | CORP              | ZA        |     57772 | NS      | $722892.71    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SICHUAN KELUN BIOTECH BIOPHARMACEUTICAL CO LTD                 | SICHUAN KELUN BIOTECH BIOPHARMACEUTICAL CO LTD  | CUSIP: Y793HA102<br>LEI: N/A            | Long             | EC               | CORP              | CN        |     19600 | NS      | $816989.18    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRAER S.A.                                                   | EMBRAER SA                                      | CUSIP: N/A<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     64900 | NS      | $919975.15    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co., Ltd.                                 | CHINA MERCHANTS BANK CO LTD                     | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    189384 | NS      | $1323326.04   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander-Chile                                          | BANCO SANTANDER CHILE                           | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |  28668305 | NS      | $1801138.77   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Compal Electronics, Inc.                                       | COMPAL ELECTRONICS INC                          | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166 | Long             | EC               | CORP              | TW        |   1399000 | NS      | $1389084.81   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ENKA INSAAT VE SANAYI ANONIM SIRKETI                           | ENKA INSAAT VE SANAYI AS                        | CUSIP: N/A<br>LEI: 789000EE9HXTYDRH9O46 | Long             | EC               | CORP              | TR        |    357550 | NS      | $596924.27    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| BYD COMPANY LIMITED                                            | BYD CO LTD                                      | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     58751 | NS      | $916850.01    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITEC BANK HOLDINGS LIMITED                                  | CAPITEC BANK HOLDINGS LTD                       | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      5111 | NS      | $1025584.96   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MICROELECTRONICS CORP.                                  | UNITED MICROELECTRONICS CORP                    | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |   1102000 | NS      | $1667696.10   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corporation                         | CHINA PETROLEUM CHEMICAL CORP                   | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |   3804543 | NS      | $1992008.83   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                                     | BHARAT ELECTRONICS LTD                          | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    325119 | NS      | $1598013.63   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Pop Mart International Group Ltd                               | POP MART INTERNATIONAL GROUP LTD                | CUSIP: N/A<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | KY        |     28000 | NS      | $950966.28    | 0.42%             |  |  |  | Yes           |                  1 | On Loan: No      |
| China Southern Airlines Company Limited                        | CHINA SOUTHERN AIRLINES CO LTD                  | CUSIP: N/A<br>LEI: 529900AJQ1Q18ABYVX84 | Long             | EC               | CORP              | CN        |   1688000 | NS      | $864461.06    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| COROMANDEL INTERNATIONAL LIMITED                               | COROMANDEL INTERNATIONAL LTD                    | CUSIP: N/A<br>LEI: 335800U73K3HJSQKT249 | Long             | EC               | CORP              | IN        |     57369 | NS      | $1675946.81   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NASPERS LIMITED                                                | NASPERS LTD                                     | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      2399 | NS      | $747697.05    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TCS GROUP HOLDING PLC                                          | TCS GROUP HOLDING PLC                           | CUSIP: 87238U203<br>LEI: N/A            | Long             |  | CORP              | CY        |     15868 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Jubilant FoodWorks Limited                                     | JUBILANT FOODWORKS LTD                          | CUSIP: N/A<br>LEI: 9845000D3B99893F5B14 | Long             | EC               | CORP              | IN        |    198678 | NS      | $1625936.92   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni banka, a.s.                                           | KOMERCNI BANKA AS                               | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840 | Long             | EC               | CORP              | CZ        |     22751 | NS      | $1100748.14   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ORLEN SPOLKA AKCYJNA                                           | ORLEN SA                                        | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |     44429 | NS      | $1012384.37   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CORPORATION LIMITED                                   | KINGSOFT CORP LTD                               | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | KY        |    222200 | NS      | $1157748.70   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHUI CONCH CEMENT COMPANY LIMITED                             | ANHUI CONCH CEMENT CO LTD                       | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |    466081 | NS      | $1185137.87   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Astra International Tbk                                     | ASTRA INTERNATIONAL TBK PT                      | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |   5892500 | NS      | $1633780.04   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA EVERBRIGHT BANK COMPANY LIMITED                          | CHINA EVERBRIGHT BANK CO LTD                    | CUSIP: N/A<br>LEI: 549300U6PKQ4H1P34E17 | Long             | EC               | CORP              | CN        |   3444000 | NS      | $1719872.10   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia Energetica de Minas Gerais - CEMIG                   | CIA ENERGETICA DE MINAS GERAIS                  | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056 | Long             | EC               | CORP              | BR        |    699990 | NS      | $1391553.37   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SCB X PUBLIC COMPANY LIMITED                                   | SCB X PCL                                       | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |    680600 | NS      | $2460161.45   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TINGYI (CAYMAN ISLANDS) HOLDING CORP.                          | TINGYI CAYMAN ISLANDS HOLDING CORP              | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |    922000 | NS      | $1350752.26   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM, INC.                                                   | JD COM INC                                      | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     50600 | NS      | $824456.99    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNWAY BERHAD                                                  | SUNWAY BHD                                      | CUSIP: N/A<br>LEI: 254900IFSF5T1D6JKU83 | Long             | EC               | CORP              | MY        |   1371300 | NS      | $1531632.60   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MIGROS TICARET ANONIM SIRKETI                                  | MIGROS TICARET AS                               | CUSIP: N/A<br>LEI: 5493002IOWNT1QZMAA74 | Long             | EC               | CORP              | TR        |     53432 | NS      | $664163.03    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of Communications Co., Ltd.                               | BANK OF COMMUNICATIONS CO LTD                   | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09 | Long             | EC               | CORP              | CN        |   2322370 | NS      | $2159738.72   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd.               | PING AN INSURANCE GROUP CO OF CHINA LTD         | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    180000 | NS      | $1143101.01   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DIXON TECHNOLOGIES (INDIA) LIMITED                             | DIXON TECHNOLOGIES INDIA LTD                    | CUSIP: N/A<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |      6501 | NS      | $1135846.11   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TIGER BRANDS LIMITED                                           | TIGER BRANDS LTD                                | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90 | Long             | EC               | CORP              | ZA        |     60063 | NS      | $1082316.51   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Company Limited                             | ZIJIN MINING GROUP CO LTD                       | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    539912 | NS      | $1379063.61   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAIS ELETRICAS BRASILEIRAS SA ELETROBRAS                   | CENTRAIS ELETRICAS BRASILEIRAS SA               | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |    195600 | NS      | $1448088.80   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Marfrig Global Foods S.A.                                      | MARFRIG GLOBAL FOODS SA                         | CUSIP: N/A<br>LEI: 391200219USWMOBN3F92 | Long             | EC               | CORP              | BR        |    127600 | NS      | $537861.47    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HUA HONG SEMICONDUCTOR LIMITED                                 | HUA HONG SEMICONDUCTOR LTD                      | CUSIP: N/A<br>LEI: 529900OXH3ZYLIMGB907 | Long             | EC               | CORP              | HK        |    155000 | NS      | $685185.42    | 0.30%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ZHONGSHENG GROUP HOLDINGS LIMITED                              | ZHONGSHENG GROUP HOLDINGS LTD                   | CUSIP: N/A<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | EC               | CORP              | KY        |    432000 | NS      | $665910.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding S.A.                                     | ITAU UNIBANCO HOLDING S PREF                    | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    215100 | NS      | $1462982.49   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ANADOLU EFES BIRACILIK VE MALT SANAYII ANONIM SIRKETI          | ANADOLU EFES BIRACILIK VE MALT SANAYII AS       | CUSIP: N/A<br>LEI: 7890006LGARYVIPOJX03 | Long             | EC               | CORP              | TR        |   1361830 | NS      | $512191.26    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UNI-PRESIDENT CHINA HOLDINGS LTD.                              | UNI PRESIDENT CHINA HOLDINGS LTD                | CUSIP: N/A<br>LEI: 529900JUA05094TOKA73 | Long             | EC               | CORP              | KY        |   1022000 | NS      | $1236862.56   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co., Ltd.                                          | MIDEA GROUP CO LTD                              | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     84000 | NS      | $796692.87    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                                        | SBERBANK OF RUSSIA PJSC                         | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    177888 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GENTING BERHAD                                                 | GENTING BHD                                     | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   2711000 | NS      | $1964959.60   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GROWTHPOINT PROPERTIES LIMITED                                 | GROWTHPOINT PROPERTIES LTD                      | CUSIP: N/A<br>LEI: 37890019DD1E46632291 | Long             | EC               | CORP              | ZA        |   1517211 | NS      | $1148012.30   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FOXCONN TECHNOLOGY CO., LTD                                    | FOXCONN TECHNOLOGY CO LTD                       | CUSIP: N/A<br>LEI: 3003003OO8QC88ZHCE44 | Long             | EC               | CORP              | TW        |    537000 | NS      | $1167511.21   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                                  | MAHINDRA MAHINDRA LTD                           | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     43749 | NS      | $1623949.82   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TENAGA NASIONAL BERHAD                                         | TENAGA NASIONAL BHD                             | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |    795600 | NS      | $2718804.18   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FF GROUP                                                       | FF GROUP                                        | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | GR        |     14913 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| UNITED CO RUSAL INTERNATIONAL PJSC                             | UNITED CO RUSAL INTERNATIONAL PJSC              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    555630 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PEPKOR HOLDINGS LIMITED                                        | PEPKOR HOLDINGS LTD                             | CUSIP: N/A<br>LEI: 3789006D677C34F69875 | Long             | EC               | CORP              | ZA        |    513050 | NS      | $789454.88    | 0.35%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt.          | RICHTER GEDEON NYRT                             | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46 | Long             | EC               | CORP              | HU        |     39419 | NS      | $1162964.97   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| United Integrated Services Co Ltd                              | UNITED INTEGRATED SERVICES                      | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     68000 | NS      | $1450474.20   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BIZLINK HOLDING INC.                                           | BIZLINK HOLDING INC                             | CUSIP: N/A<br>LEI: 213800YAKRFVU5XOX138 | Long             | EC               | CORP              | KY        |     40000 | NS      | $1161365.43   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTO SEGURO S.A.                                              | PORTO SEGURO SA                                 | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    146200 | NS      | $1485493.40   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA PACIFIC INSURANCE (GROUP) CO., LTD.                      | CHINA PACIFIC INSURANCE GROUP CO LTD            | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03 | Long             | EC               | CORP              | CN        |    293754 | NS      | $1004789.34   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Pou Chen Corporation                                           | POU CHEN CORP                                   | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18 | Long             | EC               | CORP              | TW        |   1412000 | NS      | $1496264.59   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS METALS AND ENERGY LIMITED                               | LLOYDS METALS ENERGY LTD                        | CUSIP: N/A<br>LEI: 335800T4YOINEGMM8W27 | Long             | EC               | CORP              | IN        |     64665 | NS      | $1198136.77   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY GOLD MINING COMPANY LIMITED                            | HARMONY GOLD MINING CO LTD                      | CUSIP: N/A<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     31673 | NS      | $438165.66    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NARAYANA HRUDAYALAYA LIMITED                                   | NARAYANA HRUDAYALAYA LTD                        | CUSIP: N/A<br>LEI: 3358005539O9QRRIAM19 | Long             | EC               | CORP              | IN        |     79076 | NS      | $2001359.11   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HUANENG POWER INTERNATIONAL, INC.                              | HUANENG POWER INTERNATIONAL INC                 | CUSIP: N/A<br>LEI: 529900WU0SMVKMPG4V21 | Long             | EC               | CORP              | CN        |   2995420 | NS      | $1930879.55   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| COFORGE LIMITED                                                | COFORGE LTD                                     | CUSIP: N/A<br>LEI: 3358004YL9JGBNP4KF72 | Long             | EC               | CORP              | IN        |     63242 | NS      | $1419266.85   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifico, S.A.B. de C.V.               | GRUPO AEROPORT DEL PACIFIC B                    | CUSIP: N/A<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     48855 | NS      | $1121622.16   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ALFA, S.A.B. DE C.V.                                           | ALFA S A B A                                    | CUSIP: N/A<br>LEI: 549300ZCGJ6T8YDJ4M34 | Long             | EC               | CORP              | MX        |   1160478 | NS      | $857299.53    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S.A.                        | SOC QUIMICA Y MINERA CHILE B                    | CUSIP: N/A<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |     28509 | NS      | $1016330.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co., Ltd.                                        | WEICHAI POWER CO LTD                            | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |    536675 | NS      | $1089799.55   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED                | INDUSTRIAL COMMERCIAL BANK OF CHINA LTD         | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |   2692191 | NS      | $2133257.07   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS S.A.                                                     | TOTVS SA                                        | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    124600 | NS      | $968094.32    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                                    | BAIDU INC                                       | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |    100400 | NS      | $1067350.34   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMUDA BERHAD                                                  | GAMUDA BHD                                      | CUSIP: N/A<br>LEI: 254900RW4N94L9KA9137 | Long             | EC               | CORP              | MY        |   1265300 | NS      | $1440301.09   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| The People's Insurance Company (Group) of China Limited        | PEOPLE S INSURANCE CO GROUP OF CHINA LTD THE    | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66 | Long             | EC               | CORP              | CN        |   1582937 | NS      | $1203884.72   | 0.53%             |  |  |  | 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        |    435176 | NS      | $435176.38    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt.                                                 | OTP BANK PLC                                    | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     11764 | NS      | $940557.47    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | CIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |     65000 | NS      | $1425340.99   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Charoen Pokphand Foods Public Company Limited                  | CHAROEN POKPHAND FOODS PCL                      | CUSIP: N/A<br>LEI: 529900FJ3AI2GKGIWK15 | Long             | EC               | CORP              | TH        |   2119500 | NS      | $1499667.76   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                           | PETROLEO BRASILEIRO SA                          | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    244900 | NS      | $1414575.07   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Limited                                           | LENOVO GROUP LTD                                | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |    760000 | NS      | $912034.85    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMBAL FERTILISERS AND CHEMICALS LIMITED                      | CHAMBAL FERTILISERS AND CHEMICALS LTD           | CUSIP: N/A<br>LEI: 335800DFMF2OEJ7HWM17 | Long             | EC               | CORP              | IN        |    197192 | NS      | $1299781.68   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Caliway Biopharmaceuticals Co Ltd                              | CALIWAY BIOPHARMACEUTICALS CO LTD               | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     29000 | NS      | $1335467.52   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ASUSTEK COMPUTER INCORPORATION                                 | ASUSTEK COMPUTER INC                            | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13 | Long             | EC               | CORP              | TW        |     60000 | NS      | $1322970.52   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCOVERY LIMITED                                              | DISCOVERY LTD                                   | CUSIP: N/A<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |     83195 | NS      | $1009837.48   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Chile S.A.                                                | ENEL CHILE SA                                   | CUSIP: N/A<br>LEI: 549300YM5CWCAUVOPB53 | Long             | EC               | CORP              | CL        |  20463119 | NS      | $1515688.94   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bumi Resources Minerals Tbk                                 | BUMI RESOURCES MINERALS TBK PT                  | CUSIP: N/A<br>LEI: 529900KOJVEVTZ5IRE24 | Long             | EC               | CORP              | ID        |  26797800 | NS      | $653846.51    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC Property and Casualty Company Limited                     | PICC PROPERTY CASUALTY CO LTD                   | CUSIP: N/A<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |    726865 | NS      | $1407486.66   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO., LTD.                           | FUYAO GLASS INDUSTRY GROUP CO LTD               | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |    183600 | NS      | $1310977.49   | 0.58%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ASTER DM HEALTHCARE LIMITED                                    | ASTER DM HEALTHCARE LTD                         | CUSIP: N/A<br>LEI: 335800TFWMBMRZEICW46 | Long             | EC               | CORP              | IN        |    234167 | NS      | $1627604.69   | 0.72%             |  |  |  | Yes           |                  1 | On Loan: No      |
| GREENTOWN CHINA HOLDINGS LIMITED                               | GREENTOWN CHINA HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 529900BLBC6YDNWS8530 | Long             | EC               | CORP              | KY        |    622000 | NS      | $748805.69    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOSAGRO PUBLIC JOINT                                          | PHOSAGRO PUBLIC JOINT                           | CUSIP: 71922G407<br>LEI: N/A            | Long             |  | CORP              | US        |       227 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PEGASUS HAVA TASIMACILIGI ANONIM SIRKETI                       | PEGASUS HAVA TASIMACILIGI AS                    | CUSIP: N/A<br>LEI: 789000B1MW5PQ58A8T03 | Long             | EC               | CORP              | TR        |    104440 | NS      | $674353.25    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FALABELLA S.A.                                                 | FALABELLA SA                                    | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41 | Long             | EC               | CORP              | CL        |    273735 | NS      | $1454958.44   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANDONG WEIGAO GROUP MEDICAL POLYMER CO.,LTD                  | SHANDONG WEIGAO GROUP MEDICAL POLYMER CO LTD    | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60 | Long             | EC               | CORP              | CN        |   1468400 | NS      | $1142963.93   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS N.V.                                                       | JBS NV                                          | CUSIP: N/A<br>LEI: 254900JSFON4WL81TW77 | Long             |  | CORP              | NL        |    113272 | NS      | $1630681.45   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES MIXC LIFESTYLE SERVICES LIMITED                | CHINA RESOURCES MIXC LIFESTYLE SERVICES LTD     | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    198000 | NS      | $957246.77    | 0.42%             |  |  |  | Yes           |                  1 | On Loan: No      |
| China International Capital Corporation Limited                | CHINA INTERNATIONAL CAPITAL CORPORATION LTD     | CUSIP: N/A<br>LEI: 529900OS3SVVTT56QN67 | Long             | EC               | CORP              | CN        |    334800 | NS      | $754928.21    | 0.33%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CHINA MERCHANTS SECURITIES CO.,LTD                             | CHINA MERCHANTS SECURITIES CO LTD               | CUSIP: N/A<br>LEI: 30030060IEIMX476KH87 | Long             | EC               | CORP              | CN        |    408400 | NS      | $737749.47    | 0.33%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TURK HAVA YOLLARI ANONIM ORTAKLIGI                             | TURK HAVA YOLLARI AO                            | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03 | Long             | EC               | CORP              | TR        |    106782 | NS      | $760568.93    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CLOUD HOLDINGS LIMITED                                | KINGSOFT CLOUD HOLDINGS LTD                     | CUSIP: N/A<br>LEI: 875500HZE0VKCD0Z8K15 | Long             | EC               | CORP              | KY        |    796000 | NS      | $673330.19    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE 97 COMMUNICATIONS LIMITED                                  | ONE 97 COMMUNICATIONS LTD                       | CUSIP: N/A<br>LEI: 335800ZRHU5J6GSTMI23 | Long             | EC               | CORP              | IN        |     94644 | NS      | $1019777.93   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| China Airlines Ltd.                                            | CHINA AIRLINES LTD                              | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27 | Long             | EC               | CORP              | TW        |   2066000 | NS      | $1527907.69   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| China Galaxy Securities Co., Ltd.                              | CHINA GALAXY SECURITIES CO LTD                  | CUSIP: N/A<br>LEI: 3003008KFQXO06OK8582 | Long             | EC               | CORP              | CN        |    646500 | NS      | $727237.35    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEN DING TECHNOLOGY HOLDING LIMITED                           | ZHEN DING TECHNOLOGY HOLDING LTD                | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38 | Long             | EC               | CORP              | KY        |    449000 | NS      | $1544989.21   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SEVERSTAL PJSC                                                 | SEVERSTAL PJSC                                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     37552 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Giant Biogene Holding Co Ltd                                   | GIANT BIOGENE HOLDING CO LTD                    | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    105000 | NS      | $771812.94    | 0.34%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PetroChina Company Limited                                     | PETROCHINA CO LTD                               | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |   1841451 | NS      | $1583473.80   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| RHB BANK BERHAD                                                | RHB BANK BHD                                    | CUSIP: N/A<br>LEI: 549300ZHRPSV7QIUJT80 | Long             | EC               | CORP              | MY        |   1931200 | NS      | $2891292.78   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITU, INC.                                                    | MEITU INC                                       | CUSIP: N/A<br>LEI: 529900P2POH56W116T02 | Long             | EC               | CORP              | KY        |    743500 | NS      | $855294.47    | 0.38%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Coca-Cola FEMSA, S.A.B. de C.V.                                | COCA COLA FEMSA SAB DE CV                       | CUSIP: N/A<br>LEI: 5493008KEVFYPMGTXO33 | Long             |  | CORP              | MX        |    144003 | NS      | $1395550.75   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Limited                                             | CMOC GROUP LTD                                  | CUSIP: N/A<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |   1169191 | NS      | $1188598.82   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripod Technology Corporation                                  | TRIPOD TECHNOLOGY CORP                          | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    204000 | NS      | $1728695.18   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Gubre Fabrikalari TAS                                          | GUBRE FABRIKALARI TAS                           | CUSIP: N/A<br>LEI: 789000SGBEVHE90LX945 | Long             | EC               | CORP              | TR        |     86363 | NS      | $495360.19    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Great Wall Motor Company Limited                               | GREAT WALL MOTOR CO LTD                         | CUSIP: N/A<br>LEI: 254900CR8AHWTMFZHH60 | Long             | EC               | CORP              | CN        |    590905 | NS      | $909350.98    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co., Ltd.                              | COSCO SHIPPING HOLDINGS CO LTD                  | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17 | Long             | EC               | CORP              | CN        |    682930 | NS      | $1186690.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co., Ltd.                                          | WUXI APPTEC CO LTD                              | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |     77800 | NS      | $779516.41    | 0.35%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CHINA CITIC BANK CORPORATION LIMITED                           | CHINA CITIC BANK CORP LTD                       | CUSIP: N/A<br>LEI: 300300C1030211000384 | Long             | EC               | CORP              | CN        |   2092560 | NS      | $1994005.99   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Chile                                                 | BANCO DE CHILE                                  | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |  11924945 | NS      | $1804190.69   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED               | SUNNY OPTICAL TECHNOLOGY GROUP                  | CUSIP: N/A<br>LEI: 3003004QIVP0DFVVWM94 | Long             | EC               | CORP              | KY        |    102100 | NS      | $902026.19    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PG ELECTROPLAST LIMITED                                        | PG ELECTROPLAST LTD                             | CUSIP: N/A<br>LEI: 335800KCTBN8PT395N87 | Long             | EC               | CORP              | IN        |     89420 | NS      | $786902.26    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia Paranaense de Energia - Copel                        | COMPANHIA PARANAENSE DE ENERGIA                 | CUSIP: N/A<br>LEI: 2549001AS1I9A71VG663 | Long             | EC               | CORP              | BR        |    603800 | NS      | $1384826.70   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| POWERTECH TECHNOLOGY INC.                                      | POWERTECH TECHNOLOGY INC                        | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14 | Long             | EC               | CORP              | TW        |    342000 | NS      | $1539802.10   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes S.A.                               | BB SEGURIDADE PARTICIPACOES SA                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    229300 | NS      | $1511023.98   | 0.67%             |  |  |  | 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