# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-23-041003
**Filing Date:** 2023-2
**Character Count:** 40295
**Document Hash:** 3e9c324c0b6172b43f730d664879ecf8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041003.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041003

**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:** 23670786

**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 US EQ Income Enhanced Volatility Wtd ETF (Series ID: S000044753)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000139055 | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | CDC             |

## 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 US EQ Income Enhanced Volatility Wtd ETF

- **b. EDGAR series identifier (if any):** S000044753

- **c. LEI of Series:** 549300DSJ7VCXV0QYG22

**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:** $2040008027.27

**Total Liabilities:** $10345804.17

**Net Assets:** $2029662223.10

**Cash Not Reported:** $827518.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000139055 | 6.43%                | 3.24%                | -3.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-112081801.54           | $230769374.09                              |
| Month 2  | $275460.64               | $59409837.06                               |
| Month 3  | $5596382.44              | $-84874045.81                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KINDER MORGAN, INC.                                     | KINDER MORGAN INC                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1222670 | NS      | $22105873.60  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                               | VALERO ENERGY CORP                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    114237 | NS      | $14492105.82  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                          | BLACKSTONE INC                       | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |    119316 | NS      | $8852054.04   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                            | WILLIAMS COS INC                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    635795 | NS      | $20917655.50  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                        | PHILIP MORRIS INTERNATIONAL INC      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    243918 | NS      | $24686940.78  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE, INC.                                           | METLIFE INC                          | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    349786 | NS      | $25314012.82  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORPORATION                              | NORTHERN TRUST CORP                  | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |    190642 | NS      | $16869910.58  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                      | HEWLETT PACKARD ENTERPRISES CO       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |   1225038 | NS      | $19551606.48  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                                | STATE STREET CORP                    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    220485 | NS      | $17103021.45  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                    | EDISON INTERNATIONAL                 | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    368082 | NS      | $23417376.84  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                                     | ENTERGY CORP                         | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    229536 | NS      | $25822800.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, INC.                                             | ONEOK INC                            | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    293549 | NS      | $19286169.30  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                            | HASBRO INC                           | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |    245606 | NS      | $14984422.06  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| THE INTERPUBLIC GROUP OF COMPANIES, INC.                | INTERPUBLIC GROUP OF COS INC         | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |    599218 | NS      | $19959951.58  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                      | HUNTINGTON BANCSHARES INC            | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |   1300955 | NS      | $18343465.50  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                                      | FORD MOTOR CO                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    782060 | NS      | $9095357.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd.                                             | GARMIN LTD                           | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |    212567 | NS      | $19617808.43  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                                     | NEWMONT CORP                         | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    372449 | NS      | $17579592.80  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                                     | ALLY FINANCIAL INC                   | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    415621 | NS      | $10161933.45  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                           | REGIONS FINANCIAL CORP               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    737010 | NS      | $15889935.60  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO, INC.                                            | WATSCO INC                           | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     70749 | NS      | $17644800.60  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                               | T ROWE PRICE GROUP INC               | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |    131137 | NS      | $14301801.22  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION             | INTERNATIONAL BUSINESS MACHINES CORP | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    194034 | NS      | $27337450.26  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMPBELL SOUP COMPANY                                   | CAMPBELL SOUP CO                     | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |    493466 | NS      | $28004195.50  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                                      | CLOROX COMPANY                       | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |    119265 | NS      | $16736457.45  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                     | CHEVRON CORP                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113062 | NS      | $20293498.38  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                          | CITIZENS FINANCIAL GROUP INC         | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    445291 | NS      | $17531106.67  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTMAN CHEMICAL COMPANY                                | EASTMAN CHEMICAL CO                  | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |    207828 | NS      | $16925512.32  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORPORATION                             | ARES MANAGEMENT CORP                 | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |    165843 | NS      | $11350294.92  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                                       | FIRSTENERGY CORP                     | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    720516 | NS      | $30218441.04  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC.                                            | VIATRIS INC                          | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   1426560 | NS      | $15877612.80  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                              | 3M CO                                | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    181303 | NS      | $21741855.76  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER NATURAL RESOURCES COMPANY                       | PIONEER NATURAL RESOURCES CO         | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     59345 | NS      | $13553804.55  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                     | FIFTH THIRD BANCORP                  | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    489796 | NS      | $16070206.76  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                         | PRINCIPAL FINANCIAL GROUP INC        | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |    245355 | NS      | $20590191.60  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                   | AMERICAN ELECTRIC POWER CO INC       | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    295820 | NS      | $28088109.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE, INC.                          | WALGREENS BOOTS ALLIANCE INC         | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |    604272 | NS      | $22575601.92  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                                    | CONAGRA BRANDS INC                   | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    656758 | NS      | $25416534.60  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                              | AMGEN INC                            | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    126266 | NS      | $33162502.24  | 1.63%             |  |  |  | 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        |   2408828 | NS      | $2408827.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                             | INTERNATIONAL PAPER CO               | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    565207 | NS      | $19573118.41  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK & DECKER, INC.                            | STANLEY BLACK DECKER INC             | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    161109 | NS      | $12102508.08  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                             | UNITED PARCEL SERVICE INC            | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     97016 | NS      | $16865261.44  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                          | LYONDELLBASELL INDUSTRIES NV         | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |    208927 | NS      | $17347208.81  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                                      | BEST BUY CO INC                      | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    188758 | NS      | $15140279.18  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                            | BRISTOL MYERS SQUIBB CO              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    455965 | NS      | $32806681.75  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA                        | PACKAGING CORP OF AMERICA            | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |    157382 | NS      | $20130731.62  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                                 | KRAFT HEINZ CO THE                   | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    587328 | NS      | $23910122.88  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                            | EVERGY INC                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    443202 | NS      | $27890701.86  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                           | BROADCOM INC                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     31781 | NS      | $17769710.53  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                     | COMCAST CORP CLASS A                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    590914 | NS      | $20664262.58  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                   | INVESCO GVT & AGNCY-INST             | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2408828 | NS      | $2408827.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                                    | JPMORGAN CHASE CO                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    174746 | NS      | $23433438.60  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds: T-Fund; Institutional Shares | BLACKROCK LIQUIDITY FUNDS T FUND     | CUSIP: 09248U718<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9562048 | NS      | $9562047.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                                 | KEYCORP                              | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    987499 | NS      | $17202232.58  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                  | PNC FINANCIAL SERVICES GROUP INC     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    129624 | NS      | $20472814.56  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES, INC.                                | LUMEN TECHNOLOGIES INC               | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |   1494750 | NS      | $7802595.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RESOURCES, INC.                                | FRANKLIN RESOURCES INC               | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    649327 | NS      | $17129246.26  | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Dominion Energy, Inc.                                   | DOMINION ENERGY INC                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    390803 | NS      | $23964039.96  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                                 | EXXON MOBIL CORP                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    171583 | NS      | $18925604.90  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| COMERICA INCORPORATED                                   | COMERICA INC                         | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |    200516 | NS      | $13404494.60  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                             | PHILLIPS 66                          | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    168890 | NS      | $17578071.20  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                        | MEDTRONIC PLC                        | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    273887 | NS      | $21286497.64  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                                | DEVON ENERGY CORP                    | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    153047 | NS      | $9413920.97   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                             | PFIZER INC                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    450152 | NS      | $23065788.48  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G ANNUITIES & LIFE, INC.                              | F G ANNUITIES LIFE INC WI            | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19416 | NS      | $388514.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INCORPORATED                                    | CORNING INC                          | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    535953 | NS      | $17118338.82  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLOGG COMPANY                                         | KELLOGG CO                           | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |    380374 | NS      | $27097843.76  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                      | DTE ENERGY CO                        | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    237424 | NS      | $27904442.72  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                                | DARDEN RESTAURANTS INC               | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |    130120 | NS      | $17999499.60  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                              | MSILF GOVERNMENT-INST                | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2408828 | NS      | $2408827.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                          | MORGAN STANLEY                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    214237 | NS      | $18214429.74  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                                 | HP INC                               | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    471698 | NS      | $12674525.26  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| S P 500 EMINI FUTURE MAR23                              | S P 500 EMINI FUTURE MAR23           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        54 | NC      | $-107702.54   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| THE CARLYLE GROUP INC.                                  | CARLYLE GROUP INC                    | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    371411 | NS      | $11082904.24  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                                      | EXELON CORP                          | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    580855 | NS      | $25110361.65  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                                      | OMNICOM GROUP INC                    | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |    253614 | NS      | $20687293.98  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC.                 | INTERNATIONAL FLAVORS FRAGRANCES INC | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |    167431 | NS      | $17553466.04  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                                 | DUKE ENERGY CORP                     | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    296451 | NS      | $30531488.49  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation                 | BANK OF NEW YORK MELLON CORP         | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    455832 | NS      | $20749472.64  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORPORATION                                       | INTEL CORP                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    514974 | NS      | $13610762.82  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                          | CITIGROUP INC                        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    354023 | NS      | $16012460.29  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JUNIPER NETWORKS, INC.                                  | JUNIPER NETWORKS INC                 | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |    685444 | NS      | $21906790.24  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                                        | NRG ENERGY INC                       | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    449230 | NS      | $14294498.60  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW INC.                                                | DOW INC                              | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    411711 | NS      | $20746117.29  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                             | VERIZON COMMUNICATIONS INC           | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    641913 | NS      | $25291372.20  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                          | CME GROUP INC                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    116500 | NS      | $19590640.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                            | TRUIST FINANCIAL CORP                | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    416299 | NS      | $17913345.97  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                        | Paramount Global                     | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    464717 | NS      | $7844422.96   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND          | GLDMN SCHS FIN SQ GV-FST             | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2408828 | NS      | $2408827.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. BANCORP                                            | US BANCORP                           | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    456954 | NS      | $19927763.94  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                           | NISOURCE INC                         | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    948265 | NS      | $26001426.30  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                               | AT T INC                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1196690 | NS      | $22031062.90  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                   | GILEAD SCIENCES INC                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    442776 | NS      | $38012319.60  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                               | CONSOLIDATED EDISON INC              | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |    308368 | NS      | $29390554.08  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY      | SEAGATE TECHNOLOGY HOLD              | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |    214232 | NS      | $11270745.52  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                              | PRUDENTIAL FINANCIAL INC             | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |    208898 | NS      | $20776995.08  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                         | PPL CORP                             | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    937411 | NS      | $27391149.42  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                              | KIMBERLY CLARK CORP                  | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    203710 | NS      | $27653632.50  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCE AUTO PARTS, INC.                                | ADVANCE AUTO PARTS INC               | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     98597 | NS      | $14496716.91  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                             | ABBVIE INC                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    201895 | NS      | $32628250.95  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                      | ALTRIA GROUP INC                     | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    500623 | NS      | $22883477.33  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| V.F. CORPORATION                                        | VF CORP                              | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    384888 | NS      | $10626757.68  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC.                       | FIDELITY NATIONAL FINANCIAL          | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    528009 | NS      | $19863698.58  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                                     | CISCO SYSTEMS INC                    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    434318 | NS      | $20690909.52  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                                    | SOUTHERN CO                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    382106 | NS      | $27286189.46  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                       | MERCK CO INC                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    354002 | NS      | $39276521.90  | 1.94%             |  |  |  | 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