# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-23-041025
**Filing Date:** 2023-2
**Character Count:** 65817
**Document Hash:** a6b5f58878b46b317ba49f4a97f3d700
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041025.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041025

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580
- **IRS NUMBER:** 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:** 23670809

**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:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $177081842.00

**Total Liabilities:** $2290994.74

**Net Assets:** $174790847.26

**Cash Not Reported:** $941292.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210927 | 0.15%                | 11.63%               | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15377433.90            | $15573029.45                               |
| Month 2  | $-603610.23              | $19026827.39                               |
| Month 3  | $2017724.75              | $-2254525.25                               |

### 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        |    482145 | NS      | $482145.00    | 0.28%             |  |  |  | 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        |    482145 | NS      | $482145.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCELIK ANONIM SIRKETI                                  | ARCELIK AS                                    | CUSIP: N/A<br>LEI: 789000748KTQCUMJ0R25       | Long             | EC               | CORP              | TR        |    188844 | NS      | $1133967.54   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| CATCHER TECHNOLOGY CO., LTD.                            | CATCHER TECHNOLOGY CO LTD                     | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |    246000 | NS      | $1352791.88   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TOFAS TURK OTOMOBIL FABRIKASI ANONIM SIRKETI            | TOFAS TURK OTOMOBIL FABRIKASI AS              | CUSIP: N/A<br>LEI: 789000YSTNETKLRWHT29       | Long             | EC               | CORP              | TR        |    109626 | NS      | $972166.50    | 0.56%             |  |  |  | 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        |   3173300 | NS      | $1622041.67   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegatron Corporation                                    | PEGATRON CORP                                 | CUSIP: N/A<br>LEI: 529900M87JQS8TUO0L66       | Long             | EC               | CORP              | TW        |    658000 | NS      | $1359592.61   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPHARM GROUP CO. LTD.                                | SINOPHARM GROUP CO LTD                        | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    515546 | NS      | $1310497.46   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| China Life Insurance Company Limited                    | CHINA LIFE INSURANCE CO                       | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |    674435 | NS      | $1157902.50   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KASIKORNBANK PUBLIC COMPANY LIMITED                     | KASIKORNBANK PCL                              | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    480000 | NS      | $2044611.81   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Asset World Corp Public Company Limited                 | ASSET WORLD CORP PCL                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   8753500 | NS      | $1592575.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sao Martinho S.A.                                       | SAO MARTINHO SA                               | CUSIP: N/A<br>LEI: 549300R3Z74BNJBF4161       | Long             | EC               | CORP              | BR        |    149300 | NS      | $750006.82    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKCELL ILETISIM HIZMETLERI ANONIM SIRKETI             | TURKCELL ILETISIM HIZMETLERI AS               | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    419306 | NS      | $850052.25    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPEQ MANUFACTURING CO., LTD.                          | COMPEQ MANUFACTURING CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    542000 | NS      | $784817.13    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Haitong Securities Co., Ltd.                            | HAITONG SECURITIES CO LTD                     | CUSIP: N/A<br>LEI: 300300E1003931000068       | Long             | EC               | CORP              | CN        |   1774987 | NS      | $1091599.95   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresas CMPC S.A.                                      | EMPRESAS CMPC SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CL        |    574132 | NS      | $958850.55    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MACRONIX INTERNATIONAL CO., LTD.                        | MACRONIX INTERNATIONAL                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    889000 | NS      | $976303.20    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Bank Public Company Limited                     | BANGKOK BANK PCL                              | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    535000 | NS      | $2286615.30   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZPROM PAO                                             | GAZPROM PJSC                                  | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    324752 | NS      | $10660.82     | 0.01%             |  |  |  | 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        |    966254 | NS      | $782411.95    | 0.45%             |  |  |  | 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        |    381378 | NS      | $933288.89    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Total Access Communication Public Company Limited       | TOTAL ACCESS COMMUNICATION PCL                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1092000 | NS      | $1474286.41   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BRASKEM S.A.                                            | BRASKEM SA PREF A                             | CUSIP: N/A<br>LEI: 549300RPMQUFGBB7EY44       | Long             | EC               | CORP              | BR        |    131200 | NS      | $590489.47    | 0.34%             |  |  |  | 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        |   3792150 | NS      | $1311826.39   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ADANI ENTERPRISES LIMITED                               | ADANI ENTERPRISES LTD                         | CUSIP: N/A<br>LEI: 335800OTN96B3M38HC30       | Long             | EC               | CORP              | IN        |     20697 | NS      | $965322.09    | 0.55%             |  |  |  | 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        |    254038 | NS      | $670491.07    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Inbursa, S.A.B. de C.V.                | GRUPO FINANCIERO INBURSA O                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    507605 | NS      | $855644.32    | 0.49%             |  |  |  | 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        |    346000 | NS      | $737439.80    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Innolux Corporation                                     | INNOLUX CORP                                  | CUSIP: N/A<br>LEI: 3003007EXL0825P1MJ10       | Long             | EC               | CORP              | TW        |   2006995 | NS      | $721635.26    | 0.41%             |  |  |  | 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        |    175528 | NS      | $535242.33    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED                   | SUN PHARMACEUTICAL INDUSTRIES LIMITED         | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |    120041 | NS      | $1453116.44   | 0.83%             |  |  |  | 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        |    283627 | NS      | $819447.64    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG LEONG BANK BERHAD                                  | HONG LEONG BANK BHD                           | CUSIP: N/A<br>LEI: 549300BUPYUQGB5BFX94       | Long             | EC               | CORP              | MY        |    618700 | NS      | $2891016.36   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Kalbe Farma Tbk                                      | KALBE FARMA TBK PT                            | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |   9339137 | NS      | $1254018.40   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOSAGRO PJSC                                           | PHOSAGRO PJSC                                 | CUSIP: 71922G308<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     35202 | NS      | $272.46       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MINI MSCI EMERGING MARKETS INDEX FUTURE MAR23           | MINI MSCI EMERGING MARKETS INDEX FUTURE MAR23 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        19 | NC      | $-6312.52     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHINA HONGQIAO GROUP LIMITED                            | CHINA HONGQIAO GROUP LTD                      | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    749995 | NS      | $708195.15    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wistron Corporation                                     | WISTRON CORP                                  | CUSIP: N/A<br>LEI: 254900DIEONKUALBFM06       | Long             | EC               | CORP              | TW        |   1741000 | NS      | $1665540.80   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Dusit Medical Services Public Company Limited   | BANGKOK DUSIT MEDICAL SERVICES PCL            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1671600 | NS      | $1399935.31   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF CHINA LIMITED                                   | BANK OF CHINA LTD                             | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   5310254 | NS      | $1932238.48   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICONY ELECTRONICS CO., LTD.                           | CHICONY ELECTRONICS CO LTD                    | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |    552000 | NS      | $1550097.62   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| China National Building Material Company Limited        | CHINA NATIONAL BUILDING MATERIAL CO LTD       | CUSIP: N/A<br>LEI: 52990085PGF8YEPLBZ26       | Long             | EC               | CORP              | CN        |    753966 | NS      | $619208.46    | 0.35%             |  |  |  | No            |                  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        |   1650061 | NS      | $1025342.20   | 0.59%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hartalega Holdings Bhd                                  | HARTALEGA HOLDINGS BHD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1546400 | NS      | $597472.73    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BEIJING ENTERPRISES HOLDINGS LIMITED                    | BEIJING ENTERPRISES HOLDINGS LTD              | CUSIP: N/A<br>LEI: 529900896ODARUEY2V26       | Long             | EC               | CORP              | HK        |    344727 | NS      | $1104186.42   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GF Securities Co., Ltd.                                 | GF SECURITIES CO LTD                          | CUSIP: N/A<br>LEI: 3003007E0Y3ZJ5HNA936       | Long             | EC               | CORP              | CN        |    565735 | NS      | $813266.71    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DO BRASIL S.A.                                    | BANCO DO BRASIL SA                            | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    154700 | NS      | $1017716.89   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Adaro Energy Indonesia Tbk                           | ADARO ENERGY INDONESIA TBK PT                 | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   3342845 | NS      | $826852.12    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU S.A.                                             | GERDAU SA PREF                                | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    143400 | NS      | $797783.38    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCOSUD S.A.                                           | CENCOSUD SA                                   | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    854351 | NS      | $1405779.25   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPRITE HOLDINGS LIMITED                               | SHOPRITE HOLDINGS LTD                         | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     88279 | NS      | $1174925.30   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HAICHANG OCEAN PARK HOLDINGS LTD.                       | HAICHANG OCEAN PARK HOLDINGS LTD              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1381642 | NS      | $283232.18    | 0.16%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Grupo Bimbo S.A.B. de C.V.                              | GRUPO BIMBO SAB DE CV                         | CUSIP: N/A<br>LEI: 5493000RIXURZEBFEV60       | Long             | EC               | CORP              | MX        |    227250 | NS      | $960692.64    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM BIRLESIK MAGAZALAR ANONIM SIRKETI                   | BIM BIRLESIK MAGAZALAR AS                     | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    135134 | NS      | $990085.39    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EVA AIRWAYS CORPORATION                                 | EVA AIRWAYS CORP                              | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    826000 | NS      | $756602.24    | 0.43%             |  |  |  | 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        |    117400 | NS      | $622679.94    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Indofood Sukses Makmur Tbk                           | INDOFOOD SUKSES MAKMUR TBK PT                 | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |   4446785 | NS      | $1921273.96   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PT United Tractors Tbk                                  | UNITED TRACTORS TBK PT                        | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    534968 | NS      | $896195.99    | 0.51%             |  |  |  | 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        |    702168 | NS      | $571270.57    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Limited                                | OUTSURANCE GROUP LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    745361 | NS      | $1384435.62   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TVS MOTOR COMPANY LIMITED                               | TVS MOTOR CO LTD                              | CUSIP: N/A<br>LEI: 335800URVL13UQEWM152       | Long             | EC               | CORP              | IN        |     93116 | NS      | $1221735.95   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                              | MSILF GOVERNMENT-INST                         | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    482145 | NS      | $482145.00    | 0.28%             |  |  |  | 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        |    319000 | NS      | $974687.62    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsingtao Brewery Company Limited                        | TSINGTAO BREWERY CO LTD                       | CUSIP: N/A<br>LEI: 300300OJ7D0Q1ESE8L15       | Long             | EC               | CORP              | CN        |     78000 | NS      | $770506.09    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC LIMITED                                             | ITC LTD                                       | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    410485 | NS      | $1645165.33   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE SISE VE CAM FABRIKALARI ANONIM SIRKETI          | TURK SISE VE CAM                              | CUSIP: N/A<br>LEI: 789000KWOK751Q6R8875       | Long             | EC               | CORP              | TR        |    410195 | NS      | $942225.06    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkah Beton Sadaya Tbk PT                              | BERKAH BETON SADAYA TBK PT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |  11127195 | NS      | $529015.37    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO., LTD.                    | HON HAI PRECISION INDUSTRY CO LTD             | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    543000 | NS      | $1765121.05   | 1.01%             |  |  |  | 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        |   5374938 | NS      | $1845590.50   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIC Securities Company Limited                        | CITIC SECURITIES CO LTD                       | CUSIP: N/A<br>LEI: 300300E1006744000068       | Long             | EC               | CORP              | CN        |    467491 | NS      | $945164.38    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| M. Dias Branco S.A. Industria e Comercio de Alimentos   | M DIAS BRANCO SA                              | CUSIP: N/A<br>LEI: 894500SZMRHGUL2PHQ60       | Long             | EC               | CORP              | BR        |    102400 | NS      | $694990.15    | 0.40%             |  |  |  | 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        |    592400 | NS      | $782560.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HUATAI SECURITIES CO.,LTD.                              | HUATAI SECURITIES CO LTD                      | CUSIP: N/A<br>LEI: 3003009ABT0UCWO79Q77       | Long             | EC               | CORP              | CN        |    918903 | NS      | $1051352.18   | 0.60%             |  |  |  | Yes           |                  1 | On Loan: No      |
| INTER RAO YEES PAO                                      | INTER RAO UES PJSC                            | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |  23475472 | NS      | $9228.29      | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| TATA ELXSI LIMITED                                      | TATA ELXSI LTD                                | CUSIP: N/A<br>LEI: 335800OWLDKWXSI48N33       | Long             | EC               | CORP              | IN        |      9530 | NS      | $724141.76    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS S.A.                                                | JBS SA                                        | CUSIP: N/A<br>LEI: 529900RM0MTMZL9O5050       | Long             | EC               | CORP              | BR        |    251900 | NS      | $1049265.23   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Hypera S.A.                                             | HYPERA SA                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    132400 | NS      | $1133596.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Compal Electronics, Inc.                                | COMPAL ELECTRONICS INC                        | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |   2323000 | NS      | $1742325.59   | 1.00%             |  |  |  | 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        |    615376 | NS      | $1091434.39   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EREGLI DEMIR VE CELIK FABRIKALARI TURK ANONIM SIRKETI   | EREGLI DEMIR VE CELIK FABRIKALARI TAS         | CUSIP: N/A<br>LEI: 789000VYQF5IDGG49908       | Long             | EC               | CORP              | TR        |    343838 | NS      | $759255.01    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DONGFENG MOTOR GROUP COMPANY LIMITED                    | DONGFENG MOTOR GROUP CO LTD                   | CUSIP: N/A<br>LEI: 3003002JNYOYPX54GE50       | Long             | EC               | CORP              | CN        |   1658367 | NS      | $951887.78    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| China Railway Group Limited                             | CHINA RAILWAY GROUP LTD                       | CUSIP: N/A<br>LEI: 529900TFRLG8UDJ7QA89       | Long             | EC               | CORP              | CN        |   1693575 | NS      | $893981.93    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corporation                  | CHINA PETROLEUM CHEMICAL CORP                 | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   2756999 | NS      | $1331695.87   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                              | BHARAT ELECTRONICS LTD                        | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    904907 | NS      | $1092779.80   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HACI OMER SABANCI HOLDING ANONIM SIRKETI                | HACI OMER SABANCI HOLDING AS                  | CUSIP: N/A<br>LEI: 78900090FFOWNLGP0F20       | Long             | EC               | CORP              | TR        |    356507 | NS      | $860115.04    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TCS GROUP HOLDING PLC                                   | TCS GROUP HOLDING PLC                         | CUSIP: 87238U203<br>LEI: 549300XQRN9MR54V1W18 | Long             |  | CORP              | CY        |     15868 | NS      | $7441.54      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Far EasTone Telecommunications Co., Ltd.                | FAR EASTONE TELECOMMUNICATIONS CO LTD         | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |    779000 | NS      | $1670444.49   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Far Eastern New Century Corporation                     | FAR EASTERN NEW CENTURY CORP                  | CUSIP: N/A<br>LEI: 254900CDLU5OS06M6K24       | Long             | EC               | CORP              | TW        |   1682000 | NS      | $1745926.07   | 1.00%             |  |  |  | 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        |    221256 | NS      | $773899.91    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Astra International Tbk                              | ASTRA INTERNATIONAL TBK PT                    | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   3127081 | NS      | $1145156.55   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Indah Kiat Pulp & Paper Tbk                          | INDAH KIAT PULP PAPER TBK PT                  | CUSIP: N/A<br>LEI: 529900F19DXXA9HNCB51       | Long             | EC               | CORP              | ID        |   1838304 | NS      | $1030465.94   | 0.59%             |  |  |  | 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        |    454600 | NS      | $959282.47    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE IS BANKASI ANONIM SIRKETI                       | TURKIYE IS BANKASI AS                         | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | EC               | CORP              | TR        |   1006041 | NS      | $687560.53    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPANIA SUD AMERICANA DE VAPORES S.A.                  | CIA SUD AMERICANA DE VAPORES SA               | CUSIP: N/A<br>LEI: 549300F26ZOE5LM26551       | Long             | EC               | CORP              | CL        |   9036359 | NS      | $714126.04    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Communications Co., Ltd.                        | BANK OF COMMUNICATIONS CO LTD                 | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09       | Long             | EC               | CORP              | CN        |   2495129 | NS      | $1435378.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SIME DARBY PLANTATION BERHAD                            | SIME DARBY PLANTATION BHD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1051700 | NS      | $1111455.68   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Fosun Pharmaceutical (Group) Co., Ltd.         | SHANGHAI FOSUN PHARMACEUTICAL GROUP CO LTD    | CUSIP: N/A<br>LEI: 300300DMUYLW3FP1OT73       | Long             | EC               | CORP              | CN        |    160266 | NS      | $513344.01    | 0.29%             |  |  |  | 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        |    526776 | NS      | $714066.63    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco del Bajio S.A., Institucion de Banca Multiple     | BANCO DEL BAJIO SA                            | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |    334030 | NS      | $1055304.43   | 0.60%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PT Perusahaan Gas Negara Tbk                            | PERUSAHAAN GAS NEGARA TBK PT                  | CUSIP: N/A<br>LEI: 549300OX1VFDX7ZPN240       | Long             | EC               | CORP              | ID        |   8015016 | NS      | $906291.56    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Mandiri (Persero) Tbk                           | PT BANK MANDIRI PERSERO TBK                   | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   1796002 | NS      | $1145218.11   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bukit Asam Tbk PT                                       | BUKIT ASAM TBK PT                             | CUSIP: N/A<br>LEI: 529900XX13TXG5L4CN33       | Long             | EC               | CORP              | ID        |   3850600 | NS      | $912863.09    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| KOC HOLDING ANONIM SIRKETI                              | KOC HOLDING AS                                | CUSIP: N/A<br>LEI: 7890005U0H950VH19H45       | Long             | EC               | CORP              | TR        |    232759 | NS      | $1042645.12   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK ROSSII PAO                                     | SBERBANK OF RUSSIA PJSC                       | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    177888 | NS      | $521.74       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Indo Tambangraya Megah Tbk PT                           | INDO TAMBANGRAYA MEGAH TBK PT                 | CUSIP: N/A<br>LEI: 52990056ZNHB217ZKL92       | Long             | EC               | CORP              | ID        |    307800 | NS      | $771724.70    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTING BERHAD                                          | GENTING BHD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1408400 | NS      | $1434007.27   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Koolearn Technology Holding Ltd                         | KOOLEARN TECHNOLOGY HOLDING LTD               | CUSIP: N/A<br>LEI: 3003007X0QPXFVRDX034       | Long             | EC               | CORP              | KY        |     82900 | NS      | $557623.32    | 0.32%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PLDT Inc.                                               | PLDT INC                                      | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648       | Long             | EC               | CORP              | PH        |     32760 | NS      | $774733.70    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC BANK BHD                                         | PUBLIC BANK BERHAD                            | CUSIP: N/A<br>LEI: 549300L2RSQCVMOHGM20       | Long             | EC               | CORP              | MY        |   2014200 | NS      | $1977578.18   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                           | MAHINDRA MAHINDRA LTD                         | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |     77805 | NS      | $1174904.88   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FOLLI FOLLIE S.A.                                       | FF GROUP                                      | CUSIP: N/A<br>LEI: 213800ZMDLVEKZIKFX90       | Long             | EC               | CORP              | GR        |     14913 | NS      | $3830.72      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OK RUSAL MKPAO                                          | UNITED CO RUSAL INTERNATIONAL PJSC            | CUSIP: N/A<br>LEI: 213800WNO9IQTTI4PG55       | Long             | EC               | CORP              | RU        |    555630 | NS      | $4774.59      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt.   | RICHTER GEDEON NYRT                           | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     53253 | NS      | $1187704.04   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangzhou Automobile Group Co., Ltd                     | GUANGZHOU AUTOMOBILE GROUP CO LTD             | CUSIP: N/A<br>LEI: 5299005KY9BJO3ZE6A37       | Long             | EC               | CORP              | CN        |   1141072 | NS      | $768999.20    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HUANENG POWER INTERNATIONAL, INC.                       | HUANENG POWER INTERNATIONAL INC               | CUSIP: N/A<br>LEI: 529900WU0SMVKMPG4V21       | Long             | EC               | CORP              | CN        |   1401018 | NS      | $662364.69    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Yadea Group Holdings Ltd                                | YADEA GROUP HOLDINGS LTD                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    365713 | NS      | $611942.57    | 0.35%             |  |  |  | Yes           |                  1 | On Loan: No      |
| INVENTEC CORPORATION                                    | INVENTEC CORP                                 | CUSIP: N/A<br>LEI: 391200XSJU5WEVAXB086       | Long             | EC               | CORP              | TW        |   1999000 | NS      | $1707462.91   | 0.98%             |  |  |  | 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        |      7257 | NS      | $587202.41    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNIT PAO                                              | MAGNIT PJSC SPON GDR REGS                     | CUSIP: 55953Q202<br>LEI: 2534009KKPTVL99W2Y12 | Long             |  | CORP              | RU        |     32414 | NS      | $74.23        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Weichai Power Co., Ltd.                                 | WEICHAI POWER CO LTD                          | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |    576728 | NS      | $774389.42    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Yuexiu Property Company Limited                         | YUEXIU PROPERTY CO LTD                        | CUSIP: N/A<br>LEI: 529900GASK6R1FD08W10       | Long             | EC               | CORP              | HK        |    573861 | NS      | $694809.28    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ADANI POWER LIMITED                                     | ADANI POWER LTD                               | CUSIP: N/A<br>LEI: 33580074T4XKFXBDG813       | Long             | EC               | CORP              | IN        |    155654 | NS      | $563628.36    | 0.32%             |  |  |  | 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        |   3158293 | NS      | $1626692.87   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pattana Public Company Limited                  | CENTRAL PATTANA PCL                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    687100 | NS      | $1408821.29   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| True Corporation Public Company Limited                 | TRUE CORP PCL                                 | CUSIP: N/A<br>LEI: 529900XJSWQEQFFF7B09       | Long             | EC               | CORP              | TH        |  10379200 | NS      | $1450730.86   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE PETROL RAFINERILERI ANONIM SIRKETI              | TURKIYE PETROL RAFINERILERI AS                | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |     31220 | NS      | $885383.43    | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| FORD OTOMOTIV SANAYI ANONIM SIRKETI                     | FORD OTOMOTIV SANAYI AS                       | CUSIP: N/A<br>LEI: 7890006XJG6ZE2H34671       | Long             | EC               | CORP              | TR        |     38650 | NS      | $1084924.62   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AKSA ENERJI URETIM ANONIM SIRKETI                       | AKSA ENERJI URETIM AS                         | CUSIP: N/A<br>LEI: 789000KQC5JTW1S3JG98       | Long             | EC               | CORP              | TR        |    280308 | NS      | $705079.23    | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| 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        |   4555145 | NS      | $1511572.78   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| THE INDIAN HOTELS COMPANY LIMITED                       | INDIAN HOTELS CO LTD                          | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               | CORP              | IN        |    270331 | NS      | $1041293.12   | 0.60%             |  |  |  | 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        |    482145 | NS      | $482145.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CIELO S.A.                                              | CIELO SA                                      | CUSIP: N/A<br>LEI: 635400V276LMQ5UZ6C26       | Long             | EC               | CORP              | BR        |    857600 | NS      | $851232.00    | 0.49%             |  |  |  | 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        |   2982500 | NS      | $2136041.77   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                    | PETROLEO BRASILEIRO SA                        | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    140500 | NS      | $652040.08    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Limited                                    | LENOVO GROUP LTD                              | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |   1095813 | NS      | $899956.61    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAZEN GROUP LIMITED                                    | SEAZEN GROUP LTD                              | CUSIP: N/A<br>LEI: 5493006M8GRAQRCSCD67       | Long             | EC               | CORP              | KY        |    973163 | NS      | $360338.38    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA ICECEK ANONIM SIRKETI                         | COCA COLA ICECEK AS                           | CUSIP: N/A<br>LEI: 789000WT80VVLUWJDK41       | Long             | EC               | CORP              | TR        |    105278 | NS      | $1151656.84   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Telkom Indonesia (Persero) Tbk                       | TELKOM INDONESIA PERSERO                      | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   5940691 | NS      | $1431261.89   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ASUSTEK COMPUTER INCORPORATION                          | ASUSTEK COMPUTER INC                          | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |    143000 | NS      | $1249365.48   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Thungela Resources Ltd                                  | THUNGELA RESOURCES LTD                        | CUSIP: N/A<br>LEI: 213800EGYK3BN3SRIF27       | Long             | EC               | CORP              | ZA        |     29015 | NS      | $489817.26    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MALAYAN BANKING BERHAD                                  | MALAYAN BANKING BHD                           | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |   1499700 | NS      | $2965315.91   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tower Corporation Limited                         | CHINA TOWER CORP LTD                          | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |  10317929 | NS      | $1110449.76   | 0.64%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CHINA VANKE CO., LTD.                                   | CHINA VANKE CO LTD                            | CUSIP: N/A<br>LEI: 529900E66UJ2DWY7KW55       | Long             | EC               | CORP              | CN        |    275100 | NS      | $556896.86    | 0.32%             |  |  |  | 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        |  46389258 | NS      | $473876.78    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AKBANK TURK ANONIM SIRKETI                              | AKBANK T A S                                  | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |    637908 | NS      | $667435.63    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TATUNG CO.                                              | TATUNG CO LTD                                 | CUSIP: N/A<br>LEI: 529900BJL17PBLYDPC59       | Long             | EC               | CORP              | TW        |   1229000 | NS      | $1379685.67   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Limited                                   | NEDBANK GROUP LTD                             | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |     93558 | NS      | $1171244.98   | 0.67%             |  |  |  | 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        |   1115062 | NS      | $1058630.29   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOSAGRO PUBLIC JOINT                                   | PHOSAGRO PUBLIC JOINT                         | CUSIP: 71922G407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       227 | NS      | $1.76         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KGHM POLSKA MIEDZ SPOLKA AKCYJNA                        | KGHM POLSKA MIEDZ SA                          | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     25835 | NS      | $749144.67    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental, S.A.B. de C.V.                        | ARCA CONTINENTAL SAB DE CV                    | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    168755 | NS      | $1370683.41   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PGE POLSKA GRUPA ENERGETYCZNA SPOLKA AKCYJNA            | PGE POLSKA GRUPA ENERGETYCZNA SA              | CUSIP: N/A<br>LEI: 259400MP9VXR0E69MJ89       | Long             | EC               | CORP              | PL        |    502017 | NS      | $790621.36    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumrungrad Hospital Public Company Limited              | BUMRUNGRAD HOSPITAL PCL                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    200100 | NS      | $1225069.02   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TURK HAVA YOLLARI ANONIM ORTAKLIGI                      | TURK HAVA YOLLARI AO                          | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    128404 | NS      | $968264.75    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AUO Corporation                                         | AU OPTRONICS CORP                             | CUSIP: N/A<br>LEI: 391200L7PIS4QXYJUQ72       | Long             | EC               | CORP              | TW        |   1659800 | NS      | $810132.76    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIENT OVERSEAS (INTERNATIONAL) LIMITED                 | ORIENT OVERSEAS INTL LTD                      | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | BM        |     27904 | NS      | $504095.32    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| THAI UNION GROUP PCL RTS                                | THAI UNION GROUP PCL RTS                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TH        |     35818 | NS      | $18210.86     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| PAGE INDUSTRIES LIMITED                                 | PAGE INDUSTRIES LTD                           | CUSIP: N/A<br>LEI: 335800D6UFCCKUP3KD53       | Long             | EC               | CORP              | IN        |      2185 | NS      | $1131437.77   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics (Thailand) Public Company Limited     | DELTA ELECTRONICS THAILAND PCL                | CUSIP: N/A<br>LEI: 529900JKLVG9Y2SVWL93       | Long             | EC               | CORP              | TH        |     28200 | NS      | $675934.80    | 0.39%             |  |  |  | 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        |    268000 | NS      | $915657.95    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LITE-ON TECHNOLOGY CORPORATION                          | LITE ON TECHNOLOGY CORP                       | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |    618000 | NS      | $1282975.40   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SEVERSTAL' PAO                                          | SEVERSTAL PJSC                                | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     37552 | NS      | $7303.22      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PetroChina Company Limited                              | PETROCHINA CO LTD                             | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   2625785 | NS      | $1201031.70   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| RHB BANK BERHAD                                         | RHB CAPITAL BHD                               | CUSIP: N/A<br>LEI: 549300ZHRPSV7QIUJT80       | Long             | EC               | CORP              | MY        |   1883700 | NS      | $2478777.95   | 1.42%             |  |  |  | No            |                  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        |    220212 | NS      | $1490226.93   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Limited                                      | CMOC GROUP LTD                                | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |   1425180 | NS      | $657354.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INDIA LIMITED                                   | CUMMINS INDIA LTD                             | CUSIP: N/A<br>LEI: 3358002PR6NKJRU4YS77       | Long             | EC               | CORP              | IN        |     76114 | NS      | $1270084.81   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Wall Motor Company Limited                        | GREAT WALL MOTOR CO LTD                       | CUSIP: N/A<br>LEI: 254900CR8AHWTMFZHH60       | Long             | EC               | CORP              | CN        |    322968 | NS      | $420417.02    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE GARANTI BANKASI ANONIM SIRKETI                  | TURKIYE GARANTI BANKASI AS                    | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |    433983 | NS      | $697713.65    | 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        |    602746 | NS      | $614715.97    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co., Ltd.                                   | WUXI APPTEC CO LTD                            | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |     50803 | NS      | $536669.74    | 0.31%             |  |  |  | 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        |   3458780 | NS      | $1533296.45   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN BUSINESS BANK,LTD.                               | TAIWAN BUSINESS BANK                          | CUSIP: N/A<br>LEI: 254900930YMK9AXL9O17       | Long             | EC               | CORP              | TW        |   3391000 | NS      | $1428916.11   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPANHIA PARANAENSE DE ENERGIA                         | CIA PARANAENSE DE ENERGI PFB                  | CUSIP: N/A<br>LEI: 2549001AS1I9A71VG663       | Long             | EC               | CORP              | BR        |    572700 | NS      | $858095.36    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Negara Indonesia (Persero) Tbk                  | BANK NEGARA INDONESIA PERSERO TBK PT          | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |   1993580 | NS      | $1181546.77   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| POWERTECH TECHNOLOGY INC.                               | POWERTECH TECHNOLOGY INC                      | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14       | Long             | EC               | CORP              | TW        |    567000 | NS      | $1461226.08   | 0.84%             |  |  |  | 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        |    228900 | NS      | $1461626.57   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Allan Shaer

**Name of Signer:** Allan Shaer

**Title:** Treasurer