# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210086
**Filing Date:** 2025-8
**Character Count:** 45849
**Document Hash:** 4cf64d18f2285a9aed15e626fbde69fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210086.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210086

**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:** 251268257

**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 Value Momentum ETF formerly VictoryShares USAA MSCI USA Value Momentum ETF (Series ID: S000065156)

| Class ID   | Class Name                                                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000210925 | VictoryShares US Value Momentum ETF formerly VictoryShares USAA MSCI USA Value Momentum ETF | ULVM            |

## 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 Value Momentum ETF

- **b. EDGAR series identifier (if any):** S000065156

- **c. LEI of Series:** 5493006WYTPO22TMZG75

**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:** $166236477.81

**Total Liabilities:** $115025.95

**Net Assets:** $166121451.86

**Cash Not Reported:** $734185.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210925 | -2.46%               | 4.87%                | 4.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-3462536.79                               |
| Month 2  | $816680.60               | $6239300.31                                |
| Month 3  | $4053276.85              | $2222441.26                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WARNER BROS. DISCOVERY, INC.                    | WARNER BROS DISCOVERY INC            | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     64501 | NS      | $739181.46    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                    | TRUIST FINANCIAL CORP                | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     29783 | NS      | $1280371.17   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY, INC.                                  | TAPESTRY INC                         | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     11041 | NS      | $969510.21    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORPORATION                               | INTEL CORP                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     33267 | NS      | $745180.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INCORPORATED                       | TYSON FOODS INC CLASS A              | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     29619 | NS      | $1656886.86   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                                | GEN DIGITAL INC                      | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     47033 | NS      | $1382770.20   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                     | VERIZON COMMUNICATIONS INC           | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     39391 | NS      | $1704448.57   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                           | CHENIERE ENERGY INC                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5026 | NS      | $1223931.52   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                         | KRAFT HEINZ CO THE                   | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     62648 | NS      | $1617571.36   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                           | DELTA AIR LINES INC                  | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     15361 | NS      | $755453.98    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION     | INTERNATIONAL BUSINESS MACHINES CORP | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      4920 | NS      | $1450317.60   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                          | GENERAL MOTORS CO                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     20605 | NS      | $1013972.05   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                        | CENTERPOINT ENERGY INC               | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     56476 | NS      | $2074928.24   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                              | ALTRIA GROUP INC                     | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     31206 | NS      | $1829607.78   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                        | F5 Inc                               | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      4388 | NS      | $1291476.16   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                   | ALPHABET INC CLASS A                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6881 | NS      | $1212638.63   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                              | FORD MOTOR CO                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    111339 | NS      | $1208028.15   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                       | O REILLY AUTOMOTIVE INC              | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     20914 | NS      | $1884978.82   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                        | AMERICAN EXPRESS CO                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      3876 | NS      | $1236366.48   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                                     | HUMANA INC                           | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      3449 | NS      | $843211.52    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARES, INC.                 | FIRST CITIZENS BCSHS CL A            | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       500 | NS      | $978235.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES, INC.           | ALEXANDRIA REAL ESTATE EQUITIES INC  | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     18255 | NS      | $1325860.65   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                      | JABIL INC                            | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      5792 | NS      | $1263235.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORPORATION.                       | KIMCO REALTY CORP                    | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     73821 | NS      | $1551717.42   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                             | ENTERGY CORP                         | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     15819 | NS      | $1314875.28   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS, INC.                | SSNC TECHNOLOGIES HLDGS INC          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     18528 | NS      | $1534118.40   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                   | NISOURCE INC                         | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     48804 | NS      | $1968753.36   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                    | WALMART INC                          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     15461 | NS      | $1511776.58   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                  | UNITED AIRLINES HOLDINGS INC         | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      8132 | NS      | $647551.16    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP, INC.              | AMERICAN INTERNATIONAL GROUP INC     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     19264 | NS      | $1648805.76   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS, INC.                                    | VENTAS INC                           | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     24981 | NS      | $1577550.15   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc.                               | MARKEL GROUP INC                     | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       793 | NS      | $1583906.48   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                                   | OWENS CORNING INC                    | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      8054 | NS      | $1107586.08   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                   | GOLDMAN SACHS GROUP INC THE          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1785 | NS      | $1263333.75   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                   | NETFLIX INC                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       923 | NS      | $1236016.99   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC.                                     | TWILIO INC                           | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      6207 | NS      | $771902.52    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORPORATION                               | FEDEX CORP                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      4748 | NS      | $1079267.88   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                      | BUILDERS FIRSTSOURCE INC             | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      8651 | NS      | $1009485.19   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORPORATION                               | NUCOR CORP                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      8220 | NS      | $1064818.80   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                           | WELLS FARGO CO                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     14986 | NS      | $1200678.32   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                         | HP INC                               | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     39961 | NS      | $977446.06    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                      | PALANTIR TECHNOLOGIES INC            | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      3828 | NS      | $521832.96    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                            | HCA HEALTHCARE INC                   | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      3438 | NS      | $1317097.80   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TJX COMPANIES, INC.                         | TJX COS INC                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     16653 | NS      | $2056478.97   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                        | ATMOS ENERGY CORPORATION             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     14224 | NS      | $2192060.64   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                            | GLOBAL PAYMENTS INC                  | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     12305 | NS      | $984892.20    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV, INC.                                    | FISERV INC                           | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      6042 | NS      | $1041701.22   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.              | HARTFORD INSURANCE GROUP INC         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     12657 | NS      | $1605793.59   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                             | ABBOTT LABORATORIES                  | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     13960 | NS      | $1898699.60   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                     | PFIZER INC                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     65875 | NS      | $1596810.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                                 | CIGNA GROUP THE                      | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      4187 | NS      | $1384138.46   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                             | SYNCHRONY FINANCIAL                  | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     14210 | NS      | $948375.40    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                         | DUKE ENERGY CORP                     | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     17133 | NS      | $2021694.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | WABTEC CORP                          | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      6498 | NS      | $1360356.30   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ZILLOW GROUP, INC.                              | ZILLOW GROUP INC                     | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     12159 | NS      | $851737.95    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC.                                    | GODADDY INC CLASS A                  | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      6485 | NS      | $1167689.10   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                           | GILEAD SCIENCES INC                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     13079 | NS      | $1450068.73   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                  | CITIZENS FINANCIAL GROUP INC         | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     25667 | NS      | $1148598.25   | 0.69%             |  |  |  | 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        |     17088 | NS      | $1556887.68   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                       | AT T INC                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     57648 | NS      | $1668333.12   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.                    | CASEY S GENERAL STORES INC           | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      3224 | NS      | $1645110.48   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS, INC.                    | CHARTER COMMUNICATIONS INC           | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      2474 | NS      | $1011395.94   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                                  | FORTINET INC                         | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      9962 | NS      | $1053182.64   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| LABCORP HOLDINGS INC.                           | LABCORP HOLDINGS INC                 | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6757 | NS      | $1773780.07   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                                    | TRIMBLE INC                          | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     14579 | NS      | $1107712.42   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORPORATION                               | LOEWS CORP                           | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     19420 | NS      | $1780037.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORPORATION                   | BOSTON SCIENTIFIC CORP               | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     15606 | NS      | $1676240.46   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                           | CARDINAL HEALTH INC                  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     11230 | NS      | $1886640.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEDYNE TECHNOLOGIES INCORPORATED              | TELEDYNE TECHNOLOGIES INC            | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      3176 | NS      | $1627096.56   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                                 | GE VERNOVA LLC                       | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1380 | NS      | $730227.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION      | COGNIZANT TECHNOLOGY SOLUTIONS CORP  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     18491 | NS      | $1442852.73   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                 | UNITED THERAPEUTICS CORP             | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      3868 | NS      | $1111469.80   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & COMPANY                                 | DEERE CO                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2598 | NS      | $1321057.02   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                 | ARCHER DANIELS MIDLAND CO            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     28291 | NS      | $1493198.98   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP, INC.                                | PULTEGROUP INC                       | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11712 | NS      | $1235147.52   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| S P 500 EMINI FUTURE SEP25                      | S P 500 EMINI FUTURE SEP25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $21396.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN, INC.                             | KINDER MORGAN INC                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     49989 | NS      | $1469676.60   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                     | BANK OF AMERICA CORP                 | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     29078 | NS      | $1375970.96   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC.                          | DELL TECHNOLOGIES INC                | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      6430 | NS      | $788318.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                             | NEWMONT CORP                         | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     18678 | NS      | $1088180.28   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                                 | FOX CORP CLASS A                     | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     25126 | NS      | $1408061.04   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                              | EXELON CORP                          | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     44040 | NS      | $1912216.80   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION               | CAPITAL ONE FINANCIAL CORP           | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      4715 | NS      | $1003163.40   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION                            | APPLOVIN CORP                        | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1258 | NS      | $440400.64    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENT COMMUNITIES, INC.         | MID AMERICA APARTMENT COMM           | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     11515 | NS      | $1704335.15   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                      | 3M CO                                | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      8625 | NS      | $1313070.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN, INC.                                  | VERISIGN INC                         | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      6205 | NS      | $1792004.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                    | CF INDUSTRIES HOLDINGS INC           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     13674 | NS      | $1258008.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORPORATION                    | ON SEMICONDUCTOR CORP                | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     16266 | NS      | $852501.06    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS, INC.                       | ZOOM COMMUNICATIONS INC              | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     14653 | NS      | $1142640.94   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                       | WR BERKLEY CORP                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     21921 | NS      | $1610535.87   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                       | VALERO ENERGY CORP                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      7669 | NS      | $1030866.98   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INCORPORATED                  | QUEST DIAGNOSTICS INC                | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      9868 | NS      | $1772588.84   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS, INC.                         | ROBINHOOD MARKETS INC                | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      7477 | NS      | $700071.51    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                            | VICI PROPERTIES INC                  | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     61621 | NS      | $2008844.60   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                              | AMEREN CORP                          | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     20422 | NS      | $1961328.88   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                            | META PLATFORMS INC                   | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1595 | NS      | $1177253.55   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                  | CITIGROUP INC                        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     14437 | NS      | $1228877.44   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC.                           | HOWMET AEROSPACE INC                 | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      6054 | NS      | $1126831.02   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                | PHILIP MORRIS INTERNATIONAL INC      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      7828 | NS      | $1425713.64   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                          | CVS HEALTH CORP                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     14812 | NS      | $1021731.76   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORPORATION                  | MARATHON PETROLEUM CORP              | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      6310 | NS      | $1048154.10   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL, INC.                      | COREBRIDGE FINANCIAL INC             | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     29638 | NS      | $1052149.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWS CORPORATION                                | NEWS CORP                            | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     60380 | NS      | $1794493.60   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                             | CENTENE CORP                         | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     19997 | NS      | $1085437.16   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC.                                  | WELLTOWER INC                        | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     10988 | NS      | $1689185.24   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                            | STEEL DYNAMICS INC                   | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      7959 | NS      | $1018831.59   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SPROUTS FARMERS MARKET, INC.                    | SPROUTS FARMERS MARKET INC           | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      5918 | NS      | $974339.52    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS, INC.                         | DUPONT DE NEMOURS INC                | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     16310 | NS      | $1118702.90   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW INC.                                        | DOW INC                              | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     35803 | NS      | $948063.44    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE, INC.                           | AXON ENTERPRISE INC                  | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       865 | NS      | $716168.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                  | CME GROUP INC                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      7327 | NS      | $2019467.74   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                   | REGIONS FINANCIAL CORP               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     55796 | NS      | $1312321.92   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INCORPORATED                            | CORNING INC                          | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     23798 | NS      | $1251536.82   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                            | M T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      6673 | NS      | $1294495.27   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                       | VISA INC CLASS A                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4655 | NS      | $1652757.75   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INCORPORATED                      | MICROSTRATEGY INC CLASS A            | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1339 | NS      | $541263.97    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                         | BERKSHIRE HATHAWAY INC CLASS B       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3721 | NS      | $1807550.17   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORPORATION                                 | RTX CORP                             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     10336 | NS      | $1509262.72   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                            | SNAP ON INC                          | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      4488 | NS      | $1396575.84   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES, INC.                       | AKAMAI TECHNOLOGIES INC              | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     11118 | NS      | $886771.68    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                        | STATE STREET CORP                    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     14212 | NS      | $1511304.08   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORPORATION                              | LENNAR CORP CLASS A                  | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     11304 | NS      | $1250335.44   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY              | HEWLETT PACKARD ENTERPRISES CO       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     46349 | NS      | $947837.05    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                                  | KROGER CO THE                        | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     22556 | NS      | $1617941.88   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                | MEDTRONIC PLC                        | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     20977 | NS      | $1828565.09   | 1.10%             |  |  |  | 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