# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210049
**Filing Date:** 2025-8
**Character Count:** 37787
**Document Hash:** 0f1d0543268d18dae564bd89ee2026dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210049.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210049

**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:** 251268220

**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 Growth ETF (Series ID: S000093319)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000261506 | VictoryShares International Free Cash Flow Growth ETF | GRIN            |

## 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 Growth ETF

- **b. EDGAR series identifier (if any):** S000093319

- **c. LEI of Series:** 254900RL22F8ZCNOZE73

**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:** $11831582.26

**Total Liabilities:** $263892.55

**Net Assets:** $11567689.71

**Cash Not Reported:** $58781.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261506 | 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  | $6.17                    | $175547.75                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| monday.com Ltd                                    | MONDAY COM LTD                               | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |       207 | NS      | $65097.36     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LIMITED                                       | SEA LTD ADR                                  | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |      2369 | NS      | $378897.86    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RATIONAL Aktiengesellschaft                       | RATIONAL AG                                  | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |        27 | NS      | $22642.04     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanrio Company,Ltd.                               | SANRIO CO LTD                                | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125       | Long             | EC               | CORP              | JP        |      2700 | NS      | $130659.07    | 1.13%             |  |  |  | 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        |     74591 | NS      | $350183.42    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC.                                    | CELESTICA INC                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      1228 | NS      | $191703.08    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Indutrade Aktiebolag                              | INDUTRADE AB                                 | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |       704 | NS      | $19220.98     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPERFORMANCE SE                                | TELEPERFORMANCE SE                           | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |       398 | NS      | $38588.71     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                         | SAFRAN SA                                    | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |       506 | NS      | $164427.35    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCO CORPORATION                                 | DISCO CORP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       200 | NS      | $59212.45     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                         | CTS EVENTIM AG CO KGAA                       | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |       551 | NS      | $68401.25     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                            | CYBERARK SOFTWARE LTD                        | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |       342 | NS      | $139152.96    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPICUS.COM INC                                   | TOPICUS COM INC                              | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       900 | NS      | $112771.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                  | NOVO NORDISK                                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |      3911 | NS      | $271487.43    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Addtech AB                                        | ADDTECH AB                                   | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |      2015 | NS      | $68608.44     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORPORATION                          | KINROSS GOLD CORP                            | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     17343 | NS      | $271071.09    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LIMITED                        | ARISTOCRAT LEISURE LTD                       | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      3304 | NS      | $141681.37    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WIX.COM LTD                                       | WIX COM LTD                                  | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |       227 | NS      | $35970.42     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE PETROLIERE IMPERIALE LTEE               | IMPERIAL OIL LTD                             | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |       922 | NS      | $73253.50     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                    | RHEINMETALL AG                               | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       135 | NS      | $285728.59    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                        | BANDAI NAMCO HOLDINGS INC                    | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |      5400 | NS      | $193925.97    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| COCHLEAR LIMITED                                  | COCHLEAR LTD                                 | CUSIP: N/A<br>LEI: 5493001OLLWY8KV5UC08       | Long             | EC               | CORP              | AU        |       407 | NS      | $80454.11     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                                      | FERRARI NV                                   | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |       139 | NS      | $68121.53     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LIMITED                                  | BRAMBLES LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      8778 | NS      | $135271.86    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC RESOURCES LTD                                 | ARC RESOURCES LTD                            | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |      2881 | NS      | $60747.29     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS PUBLIC LIMITED COMPANY           | RYANAIR HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |      6432 | NS      | $181966.27    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajinomoto Co., Inc.                               | AJINOMOTO CO INC                             | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |      4500 | NS      | $122164.73    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                       | HERMES INTERNATIONAL                         | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |        28 | NS      | $75817.39     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                     | ON HOLDING AG                                | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      1021 | NS      | $53143.05     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GENMAB A/S                                        | GENMAB A S                                   | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |       416 | NS      | $86382.01     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco Aktiebolag                            | ATLAS COPCO AB                               | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |      8794 | NS      | $142134.18    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Co.,Ltd.                                     | OBIC CO LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3600 | NS      | $140284.74    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc.                                  | LUNDIN GOLD INC                              | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      2476 | NS      | $130746.47    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                              | STRAUMANN HOLDING AG                         | CUSIP: N/A<br>LEI: 50670046ML5FVIM60Z37       | Long             | EC               | CORP              | CH        |       362 | NS      | $47264.03     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co., Ltd.                      | SHIN ETSU CHEMICAL                           | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |      4500 | NS      | $149135.36    | 1.29%             |  |  |  | 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      |
| COMPUTERSHARE LIMITED                             | COMPUTERSHARE LTD                            | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |      7044 | NS      | $184887.85    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                | CANADIAN NATURAL RESOURCES LTD               | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      3731 | NS      | $117278.79    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                          | NICE LTD                                     | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |       180 | NS      | $30569.67     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Limited                            | TOKYO ELECTRON LTD                           | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |       900 | NS      | $173012.01    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THALES SA                                         | THALES SA                                    | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |       839 | NS      | $246648.45    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO., LTD.                                  | CAPCOM CO LTD                                | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |      3600 | NS      | $123333.56    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO TRADER GROUP PLC                             | AUTO TRADER GROUP PLC                        | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |      2899 | NS      | $32799.51     | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sanwa Holdings Corporation                        | SANWA HOLDINGS CORP                          | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |      3600 | NS      | $119733.31    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIFUKU CO.,LTD.                                  | DAIFUKU CO LTD                               | CUSIP: N/A<br>LEI: 3538006FG1W4X3MYHL36       | Long             | EC               | CORP              | JP        |      2700 | NS      | $69792.35     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                                     | ALFA LAVAL AB                                | CUSIP: N/A<br>LEI: 549300UCKT2UK88AG251       | Long             | EC               | CORP              | SE        |      2033 | NS      | $85516.27     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FAST RETAILING CO., LTD.                          | FAST RETAILING CO LTD                        | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |       300 | NS      | $103173.83    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                                           | SPIE SA                                      | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |       760 | NS      | $42697.63     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                 | COMPASS GROUP PLC                            | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |      2935 | NS      | $99370.69     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RIGHTMOVE PLC                                     | RIGHTMOVE PLC                                | CUSIP: N/A<br>LEI: 2138001JXGCFKBXYB828       | Long             | EC               | CORP              | GB        |      8038 | NS      | $86993.30     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                             | KONGSBERG GRUPPEN ASA                        | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |      5517 | NS      | $214028.87    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                        | AGNICO EAGLE MINES LTD                       | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      2511 | NS      | $298633.23    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SWECO AB (publ)                                   | SWECO AB                                     | CUSIP: N/A<br>LEI: 549300Q4Y55VICYV6U90       | Long             | EC               | CORP              | SE        |      1255 | NS      | $21763.77     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                       | CONSTELLATION SOFTWARE INC CANADA            | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |        48 | NS      | $176023.50    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corporation                              | LASERTEC CORP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $121320.93    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Global-E Online Ltd                               | GLOBAL E ONLINE LTD                          | CUSIP: M5216V106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       450 | NS      | $15093.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                                    | TECHNIPFMC PLC                               | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      2537 | NS      | $87374.28     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| XERO LIMITED                                      | XERO LTD                                     | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |      1099 | NS      | $130020.66    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO, Inc.                                        | ZOZO INC                                     | CUSIP: N/A<br>LEI: 549300GC7XPQMZA0OW13       | Long             | EC               | CORP              | JP        |      3600 | NS      | $38927.70     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                       | PANDORA A S                                  | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |       227 | NS      | $39859.78     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BOMBARDIER INC.                                   | BOMBARDIER INC                               | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |       371 | NS      | $32326.26     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                   | ASTRAZENECA PLC                              | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      1163 | NS      | $161525.56    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AENA SME SA                                       | AENA SME SA                                  | CUSIP: E526LK101<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |      7606 | NS      | $202996.28    | 1.75%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MONCLER S.P.A.                                    | MONCLER SPA                                  | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |      1147 | NS      | $65371.87     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil, S.A.                  | INDUSTRIA DE DISENO TEXTIL SA INDITEX        | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      1471 | NS      | $76543.84     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                                   | MONOTARO CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3600 | NS      | $71129.94     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                                     | NEMETSCHEK SE                                | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |       524 | NS      | $75911.62     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                 | SIEMENS ENERGY AG                            | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |      3767 | NS      | $435070.22    | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                                   | PRO MEDICUS LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       560 | NS      | $105046.06    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co.,Ltd.                         | RECRUIT HOLDINGS CO LTD                      | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |       900 | NS      | $53347.45     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| D'IETEREN GROUP SA                                | D IETEREN GROUP                              | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |       378 | NS      | $81206.07     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group, S.A.                            | AMADEUS IT GROUP SA                          | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |       785 | NS      | $66088.52     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| KONAMI GROUP CORPORATION                          | KONAMI GROUP CORP                            | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |       900 | NS      | $142603.65    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Zealand Pharma A/S                                | ZEALAND PHARMA A S                           | CUSIP: N/A<br>LEI: 549300ITBB1ULBL4CZ12       | Long             | EC               | CORP              | DK        |       342 | NS      | $19155.41     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila Oyj Abp                                  | WARTSILA OYJ ABP                             | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |      1633 | NS      | $38543.91     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc Aktiebolag                                 | EPIROC AB                                    | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |      1653 | NS      | $35902.10     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                 | ASML HOLDING N V                             | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       321 | NS      | $256182.98    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                     | FUJIKURA LTD                                 | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |      3600 | NS      | $189288.15    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Belimo Holding AG                                 | BELIMO HOLDING AG                            | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |       126 | NS      | $128367.17    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent, Inc.                                  | BAYCURRENT CONSULTING INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2000 | NS      | $103062.71    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                             | SCHNEIDER ELECTRIC SA                        | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |       243 | NS      | $64625.22     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V.                        | UNIVERSAL MUSIC GROUP NV                     | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |      1815 | NS      | $58744.23     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVA LTD                                          | NOVA LTD                                     | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |        63 | NS      | $17337.60     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB (publ)                | SWEDISH ORPHAN BIOVITRUM AB                  | CUSIP: N/A<br>LEI: 549300124Y3MQI87PT35       | Long             | EC               | CORP              | SE        |       821 | NS      | $25019.79     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DIPLOMA PLC                                       | DIPLOMA PLC                                  | CUSIP: G27664112<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |       450 | NS      | $30187.33     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| The Descartes Systems Group Inc.                  | DESCARTES SYSTEMS GROUP INC THE              | CUSIP: 249906108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       270 | NS      | $27444.15     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC.                                    | DOLLARAMA INC                                | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      1480 | NS      | $208554.35    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                      | SHOPIFY INC                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |       722 | NS      | $83282.70     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WISETECH GLOBAL LIMITED                           | WISETECH GLOBAL LTD                          | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               | CORP              | AU        |       353 | NS      | $25324.78     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                         | AIRBUS SE                                    | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |       443 | NS      | $92488.20     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ASICS Corporation                                 | ASICS CORP                                   | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |      4500 | NS      | $115007.99    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Demant A/S                                        | DEMANT A S                                   | CUSIP: N/A<br>LEI: 213800RM6L9LN78BVA56       | Long             | EC               | CORP              | DK        |       767 | NS      | $31998.71     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXT PLC                                          | NEXT PLC                                     | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      1034 | NS      | $176531.39    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PUBLIC LIMITED COMPANY                      | HALMA PLC                                    | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |      2726 | NS      | $119717.29    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DASSAULT SYSTEMES SE                              | DASSAULT SYSTEMES SE                         | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |      2701 | NS      | $97759.50     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                          | ROLLS ROYCE HOLDINGS PLC                     | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     32190 | NS      | $427462.35    | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB (publ)                               | EVOLUTION AB                                 | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |      2006 | NS      | $159427.89    | 1.38%             |  |  |  | Yes           |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A. | RECORDATI SPA                                | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |       551 | NS      | $34654.90     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                            | ASM INTERNATIONAL NV                         | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |       135 | NS      | $86402.29     | 0.75%             |  |  |  | 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