# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210065
**Filing Date:** 2025-8
**Character Count:** 38420
**Document Hash:** 03c1dc80453f325025876e486fbfb72b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210065.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210065

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22696
- **FILM NUMBER:** 251268235

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

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

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

## Series and Classes Contracts Data

### VictoryShares International Free Cash Flow ETF (Series ID: S000093318)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000261505 | VictoryShares International Free Cash Flow ETF | IFLO            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

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

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

- **a. Name of Series:** VictoryShares International Free Cash Flow ETF

- **b. EDGAR series identifier (if any):** S000093318

- **c. LEI of Series:** 25490037MHD4381Z8M37

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $11773415.03

**Total Liabilities:** $240237.58

**Net Assets:** $11533177.45

**Cash Not Reported:** $41771.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261505 | 0.00%                | 0.00%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $3.35                    | $106101.16                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INPEX CORPORATION                                  | INPEX CORP                                     | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |      8100 | NS      | $113914.16    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                            | HEIDELBERG MATERIALS AG                        | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |       641 | NS      | $150578.83    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOLIV, INC.                                      | AUTOLIV INC                                    | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |       533 | NS      | $59642.70     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental Aktiengesellschaft                     | CONTINENTAL AG                                 | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |       992 | NS      | $86576.84     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MinebeaMitsumi Inc.                                | MINEBEA MITSUMI INC                            | CUSIP: N/A<br>LEI: 353800CCB0CZ75YZ4010       | Long             | EC               | CORP              | JP        |      2700 | NS      | $39687.13     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMATSU LTD.                                       | KOMATSU LIMITED                                | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |      4500 | NS      | $148041.53    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VINCI SA                                           | VINCI SA                                       | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      1232 | NS      | $181526.43    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GENMAB A/S                                         | GENMAB A S                                     | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |       697 | NS      | $144731.40    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG                           | DAIMLER TRUCK HOLDING AG                       | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |      3339 | NS      | $157975.63    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA | CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA   | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |      4273 | NS      | $158732.71    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BP P.L.C.                                          | BP PLC                                         | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |     53811 | NS      | $270070.45    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                                            | SPIE SA                                        | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |      1109 | NS      | $62304.84     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPERFORMANCE SE                                 | TELEPERFORMANCE SE                             | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |      1100 | NS      | $106652.22    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE PETROLIERE IMPERIALE LTEE                | IMPERIAL OIL LTD                               | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      2129 | NS      | $169150.43    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORPORATION                           | KINROSS GOLD CORP                              | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |      8811 | NS      | $137715.93    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co., Ltd.                          | OTSUKA HOLDINGS CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1800 | NS      | $89393.71     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBARU CORPORATION                                 | SUBARU CORP                                    | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |      9900 | NS      | $172952.64    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB (publ)                                | EVOLUTION AB                                   | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |      2308 | NS      | $183429.50    | 1.59%             |  |  |  | Yes           |                  1 | On Loan: No      |
| IPSEN SA                                           | IPSEN SA                                       | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |       585 | NS      | $69659.26     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                                     | TECHNIPFMC PLC                                 | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      2985 | NS      | $102803.40    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHTRONIC INDUSTRIES COMPANY LIMITED              | TECHTRONIC INDUSTRIES CO                       | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |      7000 | NS      | $76958.36     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group, S.A.    | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA   | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |     40607 | NS      | $190638.25    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                | LVMH MOET HENNESSY LOUIS VUITTON SA            | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       387 | NS      | $202652.64    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI ELECTRIC CO., LTD.                            | FUJI ELECTRIC CO LTD                           | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |       900 | NS      | $41590.39     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TDK CORPORATION                                    | TDK CORP                                       | CUSIP: N/A<br>LEI: 3538005O8WNU39U8NX03       | Long             | EC               | CORP              | JP        |      9000 | NS      | $105976.11    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NITTO DENKO CORPORATION                            | NITTO DENKO CORP                               | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |      3800 | NS      | $73669.70     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLICIS GROUPE S.A.                               | PUBLICIS GROUPE                                | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |      1444 | NS      | $162727.22    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SODEXO SA                                          | SODEXO SA                                      | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |       711 | NS      | $43713.13     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Electric Industries, Ltd.                 | SUMITOMO ELECTRIC INDUSTRIES LTD               | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |      4500 | NS      | $96725.47     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MatsukiyoCocokara & Co.                            | MATSUKIYOCOCOKARA CO                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1800 | NS      | $37096.33     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktiebolaget Volvo                                 | VOLVO AB                                       | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |      4490 | NS      | $126006.77    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DENSO CORPORATION                                  | DENSO CORP                                     | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |     20700 | NS      | $280403.85    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co., Ltd.                               | SHIONOGI CO LTD                                | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |      5400 | NS      | $97281.76     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| RICOH COMPANY,LTD.                                 | RICOH CO LTD                                   | CUSIP: N/A<br>LEI: 549300HFIB2GRUMDID72       | Long             | EC               | CORP              | JP        |      4500 | NS      | $42674.84     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corporation                    | MITSUBISHI ELECTRIC CORP                       | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |      5400 | NS      | $116670.60    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS, Actividades de Construccion y Servicios, S.A. | ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |      1891 | NS      | $131294.70    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kawasaki Kisen Kaisha, Ltd.                        | KAWASAKI KISEN KAISHA LTD                      | CUSIP: N/A<br>LEI: 353800FL04R73DS5P870       | Long             | EC               | CORP              | JP        |      6300 | NS      | $89431.21     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SANTOS LIMITED                                     | SANTOS LTD                                     | CUSIP: N/A<br>LEI: 5299000RK70B5O2M7077       | Long             | EC               | CORP              | AU        |     19190 | NS      | $96722.77     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                               | ASTELLAS PHARMA INC                            | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |     14400 | NS      | $141659.84    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                                          | BUZZI UNICEM SPA                               | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |      1192 | NS      | $66069.35     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZUKI MOTOR CORPORATION                           | SUZUKI MOTOR CO                                | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |      9900 | NS      | $119839.57    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corporation                              | OPEN TEXT CORP                                 | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |      2290 | NS      | $66868.00     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BOUYGUES SA                                        | BOUYGUES                                       | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |      2535 | NS      | $114651.84    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| OTSUKA CORPORATION                                 | OTSUKA CORPORATION                             | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |      1800 | NS      | $36708.80     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                         | EIFFAGE SA                                     | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |       990 | NS      | $139048.22    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co.,Ltd.                           | SCREEN HOLDINGS CO LTD                         | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |       900 | NS      | $73505.10     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.                 | GILDAN ACTIVEWEAR INC CLASS A                  | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |       947 | NS      | $46630.28     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Company Limited              | TAKEDA PHARMACEUTICAL CO LTD                   | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |      6300 | NS      | $193607.19    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co., Ltd.                       | SHIN ETSU CHEMICAL                             | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |      6500 | NS      | $215417.74    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AISIN CORPORATION                                  | AISIN SEIKI CO LTD                             | CUSIP: N/A<br>LEI: 3538004IOK08PDY6I723       | Long             | EC               | CORP              | JP        |      7200 | NS      | $92356.41     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Idemitsu Kosan Co.,Ltd.                            | IDEMITSU KOSAN CO LTD                          | CUSIP: N/A<br>LEI: 549300P0R46FF6DUA630       | Long             | EC               | CORP              | JP        |     16400 | NS      | $99659.70     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Suntory Beverage & Food Limited                    | SUNTORY BEVERAGE FOOD LTD                      | CUSIP: N/A<br>LEI: 549300FONLMVK7YYYH41       | Long             | EC               | CORP              | JP        |       900 | NS      | $28814.50     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc.                                | CENOVUS ENERGY INC                             | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     10712 | NS      | $145683.20    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Airlines Co., Ltd.                           | JAPAN AIRLINES CO LTD                          | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |      4500 | NS      | $91928.26     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TENARIS S.A.                                       | TENARIS SA                                     | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |      9668 | NS      | $181906.98    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia, SGPS, S.A.                           | GALP ENERGIA SGPS SA                           | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |      5122 | NS      | $93929.07     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik Aktiebolag                                 | SANDVIK AB                                     | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               | CORP              | SE        |      4592 | NS      | $105319.32    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| OBAYASHI CORPORATION                               | OBAYASHI CORPORATION                           | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |      4500 | NS      | $68301.62     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                          | PAN AMERICAN SILVER CORP                       | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      2787 | NS      | $79150.80     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| JDE Peet's N.V.                                    | JDE PEET S NV                                  | CUSIP: N/A<br>LEI: 724500EHG519SE5ZRT89       | Long             | EC               | CORP              | NL        |      1903 | NS      | $54330.44     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                          | SANOFI                                         | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      2137 | NS      | $206919.31    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                          | SHELL PLC                                      | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     13023 | NS      | $460001.61    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON SANSO HOLDINGS CORPORATION                  | NIPPON SANSO HOLDINGS CORP                     | CUSIP: N/A<br>LEI: 353800F1K6653B4VPY57       | Long             | EC               | CORP              | JP        |      1800 | NS      | $68292.24     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SE                                       | CAPGEMINI SA                                   | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |       785 | NS      | $134109.41    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                                 | SUNCOR ENERGY INC                              | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      5084 | NS      | $190463.31    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                    | KONINKLIJKE AHOLD DELHAIZE NV                  | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |      2940 | NS      | $122927.07    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD.                                          | FLEX LTD                                       | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |      2083 | NS      | $103983.36    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S                            | VESTAS WIND SYSTEMS A S                        | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |      4926 | NS      | $73911.78     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila Oyj Abp                                   | WARTSILA OYJ ABP                               | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |      3543 | NS      | $83625.88     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                       | COMPAGNIE DE SAINT GOBAIN                      | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      1428 | NS      | $167584.47    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Makita Corporation                                 | MAKITA CORPORATION                             | CUSIP: N/A<br>LEI: 529900CDR9E94BCM6294       | Long             | EC               | CORP              | JP        |      2700 | NS      | $83499.55     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEOS Holdings, Inc.                               | ENEOS HOLDINGS INC                             | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |     32400 | NS      | $160908.67    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                           | NICE LTD                                       | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |       639 | NS      | $108522.33    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PUBLIC LIMITED COMPANY                         | DCC PLC                                        | CUSIP: N/A<br>LEI: 213800UPS1QEE4TD3T45       | Long             | EC               | CORP              | IE        |      1064 | NS      | $69039.90     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Andritz AG                                         | ANDRITZ AG                                     | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |       857 | NS      | $63691.58     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ORKLA ASA                                          | ORKLA ASA                                      | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |      7700 | NS      | $83764.60     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                      | NIPPON YUSEN KK                                | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |      3600 | NS      | $129709.01    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AENA SME SA                                        | AENA SME SA                                    | CUSIP: E526LK101<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |      4004 | NS      | $106862.62    | 0.93%             |  |  |  | Yes           |                  1 | On Loan: No      |
| INFORMA PLC                                        | INFORMA PLC                                    | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |      9432 | NS      | $104306.68    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Securitas AB                                       | SECURITAS AB                                   | CUSIP: N/A<br>LEI: 635400TTYKE8EIWDS617       | Long             | EC               | CORP              | SE        |      3138 | NS      | $46952.20     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SAPUTO INC.                                        | SAPUTO INC                                     | CUSIP: 802912105<br>LEI: 549300HH4U1DPY0TBT90 | Long             | EC               | CORP              | CA        |      2364 | NS      | $48387.69     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SEIBU HOLDINGS INC.                                | SEIBU HOLDINGS INC                             | CUSIP: N/A<br>LEI: 353800JY9TYV9WTCN620       | Long             | EC               | CORP              | JP        |      1800 | NS      | $64579.48     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYO SUISAN KAISHA, LTD.                           | TOYO SUISAN KAISHA LTD                         | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       900 | NS      | $59910.41     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| D'IETEREN GROUP SA                                 | D IETEREN GROUP                                | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |       207 | NS      | $44469.99     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                                        | BRENNTAG SE                                    | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |       882 | NS      | $58381.70     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                 | CANADIAN NATURAL RESOURCES LTD                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      6393 | NS      | $200955.05    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WIX.COM LTD                                        | WIX COM LTD                                    | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |       461 | NS      | $73050.06     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI INC.                                           | CGI INC                                        | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |       911 | NS      | $95683.10     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC.                                         | CANON INC                                      | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |      5400 | NS      | $157098.41    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXON Co., Ltd.                                    | NEXON CO LTD                                   | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               | CORP              | JP        |      4500 | NS      | $90943.82     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA TSUSHO CORPORATION                          | TOYOTA TSUSHO CORPORATION                      | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |      5400 | NS      | $122596.01    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                                    | NORSK HYDRO ASA                                | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |     10055 | NS      | $57426.35     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Niterra Co., Ltd.                                  | NITERRA CO LTD                                 | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |      2700 | NS      | $90006.25     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC RESOURCES LTD                                  | ARC RESOURCES LTD                              | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |      4436 | NS      | $93535.22     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                        | EQUINOR ASA                                    | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |      9860 | NS      | $249658.66    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN TOBACCO INC.                                 | JAPAN TOBACCO INC                              | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |      4500 | NS      | $132759.22    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc.                             | TFI INTERNATIONAL INC                          | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |       875 | NS      | $78461.25     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON STEEL CORPORATION                           | NIPPON STEEL CORP                              | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |      6300 | NS      | $119577.05    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGESTONE CORPORATION                            | BRIDGESTONE CORP                               | CUSIP: N/A<br>LEI: 549300DHPOF90OYYD780       | Long             | EC               | CORP              | JP        |      2700 | NS      | $110632.68    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Entertainment Group Limited                 | GALAXY ENTERTAINMENT GROUP LTD                 | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |     14000 | NS      | $62155.24     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer