# EDGAR Filing Document

**Accession Number:** 0002042317
**File Stem:** 0001752724-25-209140
**Filing Date:** 2025-8
**Character Count:** 28125
**Document Hash:** 186b5b1acdac717c6a5f744f8883835a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209140.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209140

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Variable Insurance Funds II
- **CENTRAL INDEX KEY:** 0002042317

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24018
- **FILM NUMBER:** 251264040

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** (210) 697-3624

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

## Series and Classes Contracts Data

### Victory Pioneer Select Mid Cap Growth VCT Portfolio (Series ID: S000089715)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000256347 | Class I      |  |

## 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 Variable insurance Funds II

- **b. Investment Company Act file number:** 811-24018

- **c. CIK number of Registrant:** 0002042317

- **d. LEI of Registrant:** 2549008Q8LHE6TN5VU40

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

  - **Street Address 1:** 15935 LA CANTERA PARKWAY

  - **City:** SAN ANTONIO

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 210-697-3624

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

- **a. Name of Series:** Victory Pioneer Select Mid Cap Growth VCT Portfolio

- **b. EDGAR series identifier (if any):** S000089715

- **c. LEI of Series:** 549300Q40SDM5099QP25

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $104610841.02

**Total Liabilities:** $657268.58

**Net Assets:** $103953572.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256347 | 3.43%                | 11.60%               | 8.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1394255.60             | $4297287.39                                |
| Month 2  | $102906.82               | $9933965.99                                |
| Month 3  | $4284021.27              | $3778334.80                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cava Group Inc                     | Cava Group Inc                     | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19826 | NS      | $1669943.98   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                        | Trex Co Inc                        | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14060 | NS      | $764582.80    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc               | Generac Holdings Inc               | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      8152 | NS      | $1167447.92   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                           | Flex Ltd                           | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |     27704 | NS      | $1382983.68   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                         | Airbnb Inc                         | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      2423 | NS      | $320659.82    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                        | Datadog Inc                        | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     18179 | NS      | $2441985.07   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc           | Procore Technologies Inc           | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     12006 | NS      | $821450.52    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc               | Keurig Dr Pepper Inc               | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     23554 | NS      | $778695.24    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd                  | Genius Sports Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     65342 | NS      | $679556.80    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                            | CRH PLC                            | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |     10265 | NS      | $942327.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The               | Williams Cos Inc/The               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     23071 | NS      | $1449089.51   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                  | Veeva Systems Inc                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      6289 | NS      | $1811106.22   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                     | NRG Energy Inc                     | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     14347 | NS      | $2303841.26   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                      | Pinterest Inc                      | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27111 | NS      | $972200.46    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                 | Vertiv Holdings Co                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     28528 | NS      | $3663280.48   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd              | CyberArk Software Ltd              | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      3271 | NS      | $1330904.48   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc        | Alnylam Pharmaceuticals Inc        | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      1824 | NS      | $594788.16    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                     | Monday.com Ltd                     | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      2608 | NS      | $820163.84    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                        | Vaxcyte Inc                        | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     13769 | NS      | $447630.19    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding     | Credo Technology Group Holding Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19018 | NS      | $1760876.62   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                   | HF Sinclair Corp                   | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     28529 | NS      | $1171971.32   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                     | Cloudflare Inc                     | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     20313 | NS      | $3977894.79   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                    | Sandisk Corp/DE                    | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19166 | NS      | $869178.10    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                      | Repligen Corp                      | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      4546 | NS      | $565431.48    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc               | Verisk Analytics Inc               | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      7074 | NS      | $2203551.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                  | Tractor Supply Co                  | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     17506 | NS      | $923791.62    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                        | MongoDB Inc                        | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      3378 | NS      | $709346.22    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                       | AutoZone Inc                       | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       301 | NS      | $1117381.23   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                       | Insulet Corp                       | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      4320 | NS      | $1357257.60   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc               | Tradeweb Markets Inc               | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9907 | NS      | $1450384.80   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group PLC                    | Marex Group PLC                    | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     37947 | NS      | $1497768.09   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc        | Inspire Medical Systems Inc        | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |      1913 | NS      | $248250.01    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc           | Super Micro Computer Inc           | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     14904 | NS      | $730445.04    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                        | Samsara Inc                        | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21599 | NS      | $859208.22    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                  | Iron Mountain Inc                  | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      9061 | NS      | $929386.77    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Oscar Health Inc                   | Oscar Health Inc                   | CUSIP: 687793109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34301 | NS      | $735413.44    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                    | WW Grainger Inc                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      2034 | NS      | $2115848.16   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD      | Marriott International Inc/MD      | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      6663 | NS      | $1820398.23   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                       | Penumbra Inc                       | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      3615 | NS      | $927717.45    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                       | DoorDash Inc                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      4690 | NS      | $1156131.90   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                       | Evercore Inc                       | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      5963 | NS      | $1610129.26   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp               | Thomson Reuters Corp               | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |      6832 | NS      | $1374120.16   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                      | Amphenol Corp                      | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     14413 | NS      | $1423283.75   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp               | Western Digital Corp               | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     24095 | NS      | $1541839.05   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                         | ResMed Inc                         | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      7078 | NS      | $1826124.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc             | Comstock Resources Inc             | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     57479 | NS      | $1590443.93   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I     | BJ's Wholesale Club Holdings Inc   | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      8503 | NS      | $916878.49    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA              | Spotify Technology SA              | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      3324 | NS      | $2550638.16   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc           | Agilent Technologies Inc           | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      4097 | NS      | $483486.97    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                      | McKesson Corp                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      2818 | NS      | $2064974.04   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                     | DraftKings Inc                     | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     24436 | NS      | $1048060.04   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                 | Expand Energy Corp                 | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      9343 | NS      | $1092570.42   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                        | HubSpot Inc                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      2931 | NS      | $1631482.53   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV               | ASM International NV               | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      2199 | NS      | $1407575.57   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd        | Royal Caribbean Cruises Ltd        | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |      9194 | NS      | $2879009.16   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                 | Trade Desk Inc/The                 | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     14870 | NS      | $1070491.30   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                  | Talen Energy Corp                  | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1915 | NS      | $556824.55    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                           | Saia Inc                           | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      2355 | NS      | $645246.45    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                      | TopBuild Corp                      | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      3592 | NS      | $1162874.08   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc               | BWX Technologies Inc               | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      3980 | NS      | $573358.80    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                      | AppLovin Corp                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      4107 | NS      | $1437778.56   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc             | Motorola Solutions Inc             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2019 | NS      | $848908.74    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc              | Robinhood Markets Inc              | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     35226 | NS      | $3298210.38   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                 | Planet Fitness Inc                 | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     11608 | NS      | $1265852.40   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                         | Natera Inc                         | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11796 | NS      | $1992816.24   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                           | MSCI Inc                           | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      3074 | NS      | $1772898.76   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |     14910 | NS      | $14909.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                | Axon Enterprise Inc                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      3571 | NS      | $2956573.74   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc         | Chipotle Mexican Grill Inc         | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25660 | NS      | $1440809.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc           | Builders FirstSource Inc           | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      5114 | NS      | $596752.66    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc         | Advanced Micro Devices Inc         | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     15257 | NS      | $2164968.30   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                  | Siemens Energy AG                  | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |     28681 | NS      | $3312935.91   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                    | Ross Stores Inc                    | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      8161 | NS      | $1041180.38   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewise Therapeutics Inc          | Edgewise Therapeutics Inc          | CUSIP: 28036F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27331 | NS      | $358309.41    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                       | Synopsys Inc                       | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1482 | NS      | $759791.76    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc               | Palomar Holdings Inc               | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      5681 | NS      | $876294.25    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                | Viking Holdings Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     27973 | NS      | $1490681.17   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Victory Variable insurance Funds II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer