# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-25-002177
**Filing Date:** 2025-11
**Character Count:** 73906
**Document Hash:** 25bc85cd192b4664e6b4d1a0cc70b035
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002177.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002177

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**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:** 251520116

**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 Value Momentum ETF formerly VictoryShares USAA MSCI International Value Momentum ETF (Series ID: S000065157)

| Class ID   | Class Name                                                                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000210926 | VictoryShares International Value Momentum ETF formerly VictoryShares USAA MSCI International Value Momentum ETF | UIVM            |

## 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:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

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

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

- **a. Name of Series:** VictoryShares International Value Momentum ETF

- **b. EDGAR series identifier (if any):** S000065157

- **c. LEI of Series:** 549300E7201NTWCGJH16

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $281158057.33

**Total Liabilities:** $7362397.23

**Net Assets:** $273795660.10

**Cash Not Reported:** $2077065.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210926 | 0.16%                | 4.16%                | 1.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1998220.65              | $-1720328.75                               |
| Month 2  | $-10909.88               | $10017732.28                               |
| Month 3  | $11794479.48             | $-9155649.21                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS SA                                         | BNP PARIBAS                                      | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     17204 | NS      | $1561741.74   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| WILMAR INTERNATIONAL LIMITED                           | WILMAR INTERNATIONAL LTD                         | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |    730200 | NS      | $1613732.94   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BANK OF GREECE S.A.                           | NATIONAL BANK OF GREECE SA                       | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    100211 | NS      | $1454592.33   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                                  | ANGLOGOLD ASHANTI PLC                            | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     16094 | NS      | $1131891.02   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group Aktiengesellschaft                           | MG TECHNOLOGIES AG                               | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     26067 | NS      | $1923216.20   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED                     | FAIRFAX FINANCIAL HOLDINGS LTD                   | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1235 | NS      | $2160961.55   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                                        | PRO MEDICUS LTD                                  | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |      3565 | NS      | $727022.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ITALGAS S.P.A.                                         | ITALGAS SPA                                      | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |    245518 | NS      | $2258156.89   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                                 | STANDARD CHARTERED PLC                           | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     68300 | NS      | $1318406.93   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Raiffeisen Bank International AG                       | RAIFFEISEN BANK INTERNATIONAL AG                 | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |     30442 | NS      | $1048491.86   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc.                                          | SK HYNIX INC                                     | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      3086 | NS      | $764460.36    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                              | HOLCIM LTD                                       | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     16284 | NS      | $1377766.75   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica S.A.                                        | TELEFONICA S A                                   | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    394735 | NS      | $2037945.82   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                          | UNICREDIT SPA                                    | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     16634 | NS      | $1258885.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| China Taiping Insurance Holdings Company Limited       | CHINA TAIPING INSURANCE HOLDINGS CO LTD          | CUSIP: N/A<br>LEI: 529900C2G37NOIADYW07       | Long             | EC               | CORP              | HK        |    288818 | NS      | $564890.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMERIEUX SA                                          | BIOMERIEUX                                       | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |     14487 | NS      | $1935318.71   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SQUARE ENIX HOLDINGS CO.,LTD.                          | SQUARE ENIX HOLDINGS CO LTD                      | CUSIP: N/A<br>LEI: 529900KCRNRDF8DIA489       | Long             | EC               | CORP              | JP        |     56100 | NS      | $1207210.39   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER CORPORATION DU CANADA                            | POWER CORP OF CANADA                             | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     56975 | NS      | $2465709.31   | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| KYOCERA CORPORATION                                    | KYOCERA CORP                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    109900 | NS      | $1478636.98   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena, S.M.E., S.A.                                     | AENA SME SA                                      | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |     79223 | NS      | $2164110.55   | 0.79%             |  |  |  | Yes           |                  1 | On Loan: No      |
| EUROFINS SCIENTIFIC SE                                 | EUROFINS SCIENTIFIC SE                           | CUSIP: N/A<br>LEI: 529900JEHFM47DYY3S57       | Long             | EC               | CORP              | LU        |     19212 | NS      | $1393324.44   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESNILLO PLC                                          | FRESNILLO PLC                                    | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |     44265 | NS      | $1404746.79   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BT GROUP PLC                                           | BT GROUP PLC                                     | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |    548787 | NS      | $1410599.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TELECOM ITALIA SPA                                     | TELECOM ITALIA SPA MILANO                        | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |   2560996 | NS      | $1338731.15   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN POST INSURANCE Co.,Ltd.                          | JAPAN POST INSURANCE CO LTD                      | CUSIP: N/A<br>LEI: 54930042SK2Z708BA841       | Long             | EC               | CORP              | JP        |     52200 | NS      | $1480182.59   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ORANGE SA                                              | ORANGE SA                                        | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    161060 | NS      | $2611037.73   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCA MONTE DEI PASCHI DI SIENA S.P.A.                 | BANCA MONTE DEI PASCHI DI SIENA SPA              | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |    128728 | NS      | $1139399.81   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| RYOHIN KEIKAKU CO., LTD.                               | RYOHIN KEIKAKU CO                                | CUSIP: N/A<br>LEI: 549300PMNF56J66BY371       | Long             | EC               | CORP              | JP        |     53700 | NS      | $1069496.86   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Fleet Management Corp.                         | ELEMENT FINANCIAL CORP                           | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |     79391 | NS      | $2056235.46   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF Aktiengesellschaft                            | HOCHTIEF AG                                      | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |      4726 | NS      | $1263802.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                                         | BAWAG GROUP AG                                   | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     11079 | NS      | $1456633.72   | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NEC Corporation                                        | NEC CORP                                         | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     34600 | NS      | $1108875.36   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TESCO PLC                                              | TESCO PLC                                        | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |    324161 | NS      | $1941932.15   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                                              | BUZZI UNICEM SPA                                 | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |     19791 | NS      | $1086360.62   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SWIRE PACIFIC LIMITED                                  | SWIRE PACIFIC LTD CL A                           | CUSIP: N/A<br>LEI: 549300KZOZHII0DGF611       | Long             | EC               | CORP              | HK        |    142852 | NS      | $1210672.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                                           | CARREFOUR SA                                     | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    119429 | NS      | $1807852.18   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| A.P. MOELLER - MAERSK A/S                              | AP MOELLER MAERSK A S                            | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |       474 | NS      | $929419.07    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SK TELECOM CO.,LTD                                     | SK TELECOM CO LTD                                | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     39094 | NS      | $1513262.19   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group N.V.                                          | NN GROUP NV                                      | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     32172 | NS      | $2262229.47   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                             | SCOUT24 SE                                       | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |     14388 | NS      | $1800484.59   | 0.66%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. | HD KOREA SHIPBUILDING OFFSHORE ENGINEERING CO LT | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      1898 | NS      | $556086.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGIE SA                                               | ENGIE                                            | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    104177 | NS      | $2232469.11   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MINI MSCI EAFE INDEX FUTURE DEC2                       | MINI MSCI EAFE INDEX FUTURE DEC2                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        14 | NC      | $4532.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK Kommanditgesellschaft auf Aktien                 | MERCK KGAA                                       | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |     13529 | NS      | $1738254.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BPM SOCIETA PER AZIONI                           | BANCO BPM SPA                                    | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |    103536 | NS      | $1546610.48   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLKSWAGEN AKTIENGESELLSCHAFT                          | VOLKSWAGEN AG                                    | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |     12608 | NS      | $1361058.95   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS, Actividades de Construccion y Servicios, S.A.     | ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA   | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |     22570 | NS      | $1801657.55   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke Aktiengesellschaft            | BAYERISCHE MOTOREN WERKE BMW AG                  | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     12889 | NS      | $1292743.13   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GEORGE WESTON LIMITEE.                                 | GEORGE WESTON LIMITED                            | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |     34378 | NS      | $2097268.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co., Ltd.                                   | SHIONOGI CO LTD                                  | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     98200 | NS      | $1721006.97   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Port Holdings Company Limited          | CHINA MERCHANTS PORT HOLDINGS CO LTD             | CUSIP: N/A<br>LEI: 529900GA4UH90FUOR048       | Long             | EC               | CORP              | HK        |    521590 | NS      | $976594.61    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Panasonic Holdings Corporation                         | PANASONIC HOLDINGS CORP                          | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |    110100 | NS      | $1198762.43   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| METRO INC.                                             | METRO INC                                        | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |     31777 | NS      | $2134528.34   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ISRAEL DISCOUNT BANK LIMITED                           | ISRAEL DISCOUNT BANK A                           | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |    156977 | NS      | $1552884.63   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                        | SHINHAN FINANCIAL GROUP CO LTD                   | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     21078 | NS      | $1063816.94   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBARU CORPORATION                                     | SUBARU CORP                                      | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     50300 | NS      | $1030695.88   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ISUZU MOTORS LIMITED                                   | ISUZU MOTORS LTD                                 | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    131800 | NS      | $1666329.21   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                              | FRESENIUS MEDICAL CARE AG                        | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |     29424 | NS      | $1542596.01   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GEELY AUTOMOBILE HOLDINGS LIMITED                      | GEELY AUTOMOBILE HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    220910 | NS      | $554993.19    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyosung Heavy Industries Corporation                   | HYOSUNG HEAVY INDUSTRIES CORP                    | CUSIP: N/A<br>LEI: 988400IDLF9EQ95M0928       | Long             | EC               | CORP              | KR        |       538 | NS      | $513915.03    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grifols, S.A.                                          | GRIFOLS SA                                       | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |     76762 | NS      | $1110618.70   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc.                                    | POSCO HOLDINGS INC                               | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |      3417 | NS      | $672292.56    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                         | RHEINMETALL AG                                   | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       427 | NS      | $994742.68    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corporation                          | FUJIFILM HOLDINGS CORPORATION                    | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |     59800 | NS      | $1488630.55   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WH GROUP LIMITED                                       | WH GROUP LTD                                     | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    952333 | NS      | $1031672.67   | 0.38%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Piraeus Financial Holdings S.A.                        | PIRAEUS FINANCIAL HOLDINGS SA                    | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |    153821 | NS      | $1302637.39   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext N.V.                                          | EURONEXT NV                                      | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |     14334 | NS      | $2143722.68   | 0.78%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                        | KONINKLIJKE AHOLD DELHAIZE NV                    | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     58485 | NS      | $2365187.06   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Oyj                                              | ORION OYJ                                        | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |     17881 | NS      | $1367533.57   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIPOL ASSICURAZIONI S.P.A.                            | UNIPOL GRUPPO SPA                                | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |     71464 | NS      | $1531862.79   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HMM CO.,LTD                                            | HMM CO LTD                                       | CUSIP: N/A<br>LEI: 988400M8Q35QDZ4XXW80       | Long             | EC               | CORP              | KR        |     46640 | NS      | $666618.19    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO GAS CO.,LTD.                                     | TOKYO GAS CO LTD                                 | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |     42700 | NS      | $1520070.33   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRAE ASSET SECURITIES CO.,LTD.                        | MIRAE ASSET SECURITIES CO LTD                    | CUSIP: N/A<br>LEI: 98840072S6T63E2V1291       | Long             | EC               | CORP              | KR        |     38365 | NS      | $583898.45    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                       | ARCELORMITTAL                                    | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     32753 | NS      | $1175764.49   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa Aktiengesellschaft                  | DEUTSCHE LUFTHANSA AG                            | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |    129723 | NS      | $1097649.12   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ICL GROUP LTD                                          | ICL GROUP LTD                                    | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | EC               | CORP              | IL        |    233620 | NS      | $1461183.83   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc.                                       | LUNDIN GOLD INC                                  | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     13415 | NS      | $869299.71    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Comercial Portugues, S.A.                        | BANCO COMERCIAL PORTUGUES SA                     | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |   1529274 | NS      | $1352157.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIWA HOUSE INDUSTRY CO.,LTD.                          | DAIWA HOUSE INDUSTRY CO LTD                      | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |     67700 | NS      | $2435679.99   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                  | VODAFONE GROUP PLC                               | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   1374740 | NS      | $1592765.48   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV Aktiengesellschaft                                 | OMV AG                                           | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     32576 | NS      | $1736907.38   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Hana Financial Group Inc.                              | HANA FINANCIAL GROUP INC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14881 | NS      | $925023.67    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp.                                               | LG CORP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     18328 | NS      | $940701.45    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INTESA SANPAOLO SPA                                    | INTESA SANPAOLO SPA                              | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    247952 | NS      | $1634074.30   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORPORATION                                        | KIA CORP                                         | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     11461 | NS      | $822727.90    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LEONARDO - SOCIETA PER AZIONI                          | LEONARDO SPA                                     | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |     16596 | NS      | $1052421.67   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kawasaki Kisen Kaisha, Ltd.                            | KAWASAKI KISEN KAISHA LTD                        | CUSIP: N/A<br>LEI: 353800FL04R73DS5P870       | Long             | EC               | CORP              | JP        |     87100 | NS      | $1240499.09   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND         | GLDMN SCHS FIN SQ GV-FST                         | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1807889 | NS      | $1807889.43   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                             | AGINCO EAGLE MINES LTD                           | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      8850 | NS      | $1490794.11   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                                   | SCHINDLER HOLDING AG                             | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |      5822 | NS      | $2203274.78   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD                 | SINGAPORE TECHNOLOGIES ENGINEERING LTD           | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |    159100 | NS      | $1062229.37   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer Aktiengesellschaft                               | BAYER AG                                         | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |     36506 | NS      | $1209781.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank N.V.                                     | ABN AMRO GROUP NV                                | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     52859 | NS      | $1690897.27   | 0.62%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO P.L.C.                        | BRITISH AMERICAN TOBACCO PLC                     | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     33714 | NS      | $1789381.68   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                               | ROLLS ROYCE HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     79510 | NS      | $1272313.96   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN POST HOLDINGS Co.,Ltd.                           | JAPAN POST HOLDINGS CO LTD                       | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |    142500 | NS      | $1416615.95   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI GLOVIS Co., LTD.                               | HYUNDAI GLOVIS CO LTD                            | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      5077 | NS      | $598614.06    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Link Real Estate Investment Trust                      | LINK REIT                                        | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             |  | RF                | HK        |    240238 | NS      | $1234886.98   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORPORATION                               | KINROSS GOLD CORP                                | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     49402 | NS      | $1226263.08   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ENI S.P.A.                                             | ENI SPA                                          | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    115353 | NS      | $2013051.09   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                                    | IMPERIAL BRANDS PLC                              | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     53555 | NS      | $2274247.51   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL BANK OF KOREA                               | INDUSTRIAL BANK OF KOREA                         | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               |  | KR        |     88599 | NS      | $1229067.96   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERZBANK Aktiengesellschaft.                        | COMMERZBANK AG                                   | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |     30357 | NS      | $1143563.65   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| CK ASSET HOLDINGS LIMITED                              | CK ASSET HOLDINGS LIMITED                        | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |    284823 | NS      | $1380613.95   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| POSTE ITALIANE - SOCIETA PER AZIONI                    | POSTE ITALIANE SPA                               | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               |  | IT        |    103886 | NS      | $2462210.15   | 0.90%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CREDIT AGRICOLE SA                                     | CREDIT AGRICOLE SA                               | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |    111583 | NS      | $2190110.77   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE AIRLINES LIMITED                             | SINGAPORE AIRLINES LTD                           | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |    318400 | NS      | $1609776.67   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SINO BIOPHARMACEUTICAL LIMITED                         | SINO BIOPHARMACEUTICAL LTD                       | CUSIP: N/A<br>LEI: 529900LPR4ADFEJAR786       | Long             | EC               | CORP              | KY        |    567614 | NS      | $593749.18    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                   | HSBC US GOVT MMKT-I                              | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1807889 | NS      | $1807889.43   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TELSTRA GROUP LIMITED                                  | TELSTRA CORPORATION LTD                          | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |    688278 | NS      | $2194520.12   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIENT OVERSEAS (INTERNATIONAL) LIMITED                | ORIENT OVERSEAS INTL LTD                         | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | BM        |     46022 | NS      | $746954.86    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN HUNG KAI PROPERTIES LIMITED                        | SUN HUNG KAI PROPERTIES LTD                      | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |    100543 | NS      | $1204185.15   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TOHO CO., LTD.                                         | TOHO CO LTD TOKYO                                | CUSIP: N/A<br>LEI: 529900IYHHYWU4O3H185       | Long             | EC               | CORP              | JP        |     20400 | NS      | $1310610.67   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                                | HEIDELBERG MATERIALS AG                          | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      4643 | NS      | $1044029.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Company, Incorporated             | CHUBU ELECTRIC POWER CO INC                      | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |    141500 | NS      | $1969823.16   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                 | NISSAN MOTOR CO LTD                              | CUSIP: N/A<br>LEI: 353800DRBDH1LUTNAY26       | Long             | EC               | CORP              | JP        |    331600 | NS      | $815825.25    | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| SAMSUNG C&T CORPORATION                                | SAMSUNG C T CORPORATION                          | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64       | Long             | EC               | CORP              | KR        |      6680 | NS      | $879047.62    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMBCORP INDUSTRIES LTD                                | SEMBCORP INDUSTRIES LTD                          | CUSIP: N/A<br>LEI: 254900J0FF14U6TPQM96       | Long             | EC               | CORP              | SG        |    197700 | NS      | $922886.17    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TORAY INDUSTRIES, INC.                                 | TORAY INDUSTRIES INC                             | CUSIP: N/A<br>LEI: 35380099TCYR5FHT0A11       | Long             | EC               | CORP              | JP        |    173500 | NS      | $1109146.89   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| INPEX CORPORATION                                      | INPEX CORP                                       | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |     88000 | NS      | $1590748.63   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                                           | NUTRIEN LTD                                      | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     29334 | NS      | $1722937.71   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| BANK LEUMI LE ISRAEL B.M.                              | BANK LEUMI LE ISRAEL BM                          | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     84984 | NS      | $1676518.42   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| J SAINSBURY PLC                                        | J SAINSBURY PLC                                  | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |    468051 | NS      | $2102157.36   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                                  | BANCO SANTANDER SA                               | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    133899 | NS      | $1394853.30   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LG CHEM LTD                                            | LG CHEM LTD                                      | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |      3079 | NS      | $610181.07    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA MOTOR CO., LTD.                                  | HONDA MOTOR CO LTD                               | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |    102300 | NS      | $1059182.39   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                             | BANDAI NAMCO HOLDINGS INC                        | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |     32300 | NS      | $1075792.93   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AGEAS SA                                               | AGEAS                                            | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |     34202 | NS      | $2364822.62   | 0.86%             |  |  |  | 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        |    240432 | NS      | $1248296.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOBIS CO.,LTD                                  | HYUNDAI MOBIS                                    | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      3518 | NS      | $748590.68    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui O.S.K. Lines, Ltd.                              | MITSUI OSK LINES LTD                             | CUSIP: N/A<br>LEI: 353800P8O843TMAZ6S09       | Long             | EC               | CORP              | JP        |     44800 | NS      | $1361541.89   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| ALPHA BANK S.A.                                        | ALPHA BANK SA                                    | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |    265680 | NS      | $1127142.39   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Airlines Co., Ltd.                               | JAPAN AIRLINES CO LTD                            | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |     91800 | NS      | $1851892.88   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO LIMITED                                      | RIO TINTO LIMITED                                | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     15141 | NS      | $1222221.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HONGKONG LAND HOLDINGS LIMITED                         | HONGKONG LAND HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | BM        |    164200 | NS      | $1039386.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS LAND & INVESTMENT LTD.                  | CHINA OVERSEAS LAND INVESTMENT LTD               | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |    523126 | NS      | $965353.25    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX FINANCIAL LTD                                  | PHOENIX FINANCIAL LTD                            | CUSIP: N/A<br>LEI: 254900IUA68QTCFYHE30       | Long             | EC               | CORP              | IL        |     33616 | NS      | $1259482.72   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI ROTEM COMPANY                                  | HYUNDAI ROTEM CO LTD                             | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |      3341 | NS      | $521584.69    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SAAB Aktiebolag                                        | SAAB AB B                                        | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               | CORP              | SE        |     14237 | NS      | $869216.83    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HD HYUNDAI CO.,LTD.                                    | HD HYUNDAI CO LTD                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      6537 | NS      | $724158.68    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol S.A.                                            | REPSOL SA                                        | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    104958 | NS      | $1856164.48   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Woori Financial Group Inc.                             | WOORI FINANCIAL GROUP INC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     57711 | NS      | $1067579.45   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KLEPIERRE SA                                           | KLEPIERRE SA                                     | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     65379 | NS      | $2544981.15   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Company Limited                              | SINO LAND CO                                     | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |   1383883 | NS      | $1751705.61   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS PUBLIC LIMITED COMPANY                | RYANAIR HOLDINGS PLC                             | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |     50620 | NS      | $1467745.87   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LES COMPAGNIES LOBLAW LIMITEE                          | LOBLAW COMPANIES LTD                             | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     55620 | NS      | $2151652.61   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANDONG HI-SPEED HOLDINGS GROUP LIMITED               | SHANDONG HI SPEED HOLDINGS GROUP LTD             | CUSIP: G805AL107<br>LEI: 254900VU7AJZ10ON7N14 | Long             | EC               | CORP              | BM        |    254660 | NS      | $145628.46    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ELBIT SYSTEMS LTD                                      | ELBIT SYSTEMS LTD                                | CUSIP: N/A<br>LEI: 529900Q9CB1REUMZSS32       | Long             | EC               | CORP              | IL        |      2427 | NS      | $1229779.73   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                  | INVESCO GVT & AGNCY-INST                         | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1807889 | NS      | $1807889.43   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa, Sociedad Anonima                               | ENDESA SA                                        | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |     70885 | NS      | $2264199.34   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER BANCA S.P.A.                                      | BPER BANCA                                       | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |    121292 | NS      | $1343543.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                               | LLOYDS BANKING GROUP PLC                         | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   1459465 | NS      | $1645003.85   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| YARA INTERNATIONAL ASA                                 | YARA INTERNATIONAL ASA                           | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     50109 | NS      | $1831644.83   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                      | NATWEST GROUP PLC                                | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    216181 | NS      | $1516284.46   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                                 | Mercedes Benz Group AG                           | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     23298 | NS      | $1462381.21   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                           | BARCLAYS PLC                                     | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | RF                | GB        |    263507 | NS      | $1345067.06   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ORKLA ASA                                              | ORKLA ASA                                        | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    183132 | NS      | $1913113.88   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| KONAMI GROUP CORPORATION                               | KONAMI GROUP CORP                                | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |      7100 | NS      | $1025123.42   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Company Limited                  | TAKEDA PHARMACEUTICAL CO LTD                     | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     68500 | NS      | $1998901.06   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| QANTAS AIRWAYS LIMITED                                 | QANTAS AIRWAYS LIMITED                           | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    120024 | NS      | $867000.56    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HANWHA AEROSPACE CO., LTD.                             | HANWHA AEROSPACE CO LTD                          | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |       677 | NS      | $534245.08    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE SA                                    | SOCIETE GENERALE                                 | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     19360 | NS      | $1280879.02   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SCSK Corporation                                       | SCSK CORP                                        | CUSIP: N/A<br>LEI: 529900SNGFXMSUBB7864       | Long             | EC               | CORP              | JP        |     46200 | NS      | $1383781.70   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| VEND MARKETPLACES ASA                                  | VEND MARKETPLACES ASA                            | CUSIP: N/A<br>LEI: 5967007LIEEXZXHT0O36       | Long             | EC               | CORP              | NO        |     34831 | NS      | $1238963.24   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| CHINA RESOURCES LAND LIMITED                           | CHINA RESOURCES LAND LIMITED                     | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    236250 | NS      | $922327.38    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktiebolaget Industrivarden                            | INDUSTRIVARDEN AB                                | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |     50364 | NS      | $1995869.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| BOC HONG KONG (HOLDINGS) LIMITED                       | BOC HONG KONG HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    260284 | NS      | $1222197.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERA INCORPORATED                                     | EMERA INC                                        | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     64267 | NS      | $3083799.92   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRICA PLC                                           | CENTRICA PLC                                     | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    773148 | NS      | $1732061.12   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG SDS CO.,LTD.                                   | SAMSUNG SDS CO LTD                               | CUSIP: N/A<br>LEI: 988400G19T2TB4CAWX91       | Long             | EC               | CORP              | KR        |      6275 | NS      | $734498.86    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                       | DEUTSCHE BANK AG                                 | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     31966 | NS      | $1123872.12   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DOOSAN ENERBILITY CO., LTD.                            | DOOSAN ENERBILITY CO LTD                         | CUSIP: N/A<br>LEI: 988400TK5NA3GLSTN506       | Long             | EC               | CORP              | KR        |     10547 | NS      | $471412.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Chemical Group Corporation                  | MITSUBISHI CHEMICAL GROUP CORP                   | CUSIP: N/A<br>LEI: 353800YNKX4RQUGAR072       | Long             | EC               | CORP              | JP        |    268200 | NS      | $1544049.91   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                         | KT CORP                                          | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     27295 | NS      | $982604.43    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                                | STMICROELECTRONICS N V                           | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | NL        |     33288 | NS      | $931982.72    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LIG Nex1 Co., Ltd.                                     | LIG NEX1 CO LTD                                  | CUSIP: N/A<br>LEI: 988400VTP0QVY3OIY652       | Long             | EC               | CORP              | KR        |      1252 | NS      | $457852.87    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC.                                         | CELESTICA INC                                    | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      2842 | NS      | $699460.83    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON STEEL CORPORATION                               | NIPPON STEEL CORP                                | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |    420000 | NS      | $1731182.80   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                             | EIFFAGE SA                                       | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |     13063 | NS      | $1666879.65   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola HBC AG                                       | COCA COLA HBC AG                                 | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     35428 | NS      | $1669307.37   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                                | FRESENIUS SE CO KGAA                             | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |     34774 | NS      | $1934927.81   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kansai Electric Power Company, Incorporated        | KANSAI ELECTRIC POWER COMPANY                    | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |    121900 | NS      | $1746433.69   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                      | HSBC HOLDINGS PLC                                | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    138478 | NS      | $1945909.56   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                            | EQUINOR ASA                                      | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     60642 | NS      | $1479799.77   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corporation                                      | NAVER CORP                                       | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |      4459 | NS      | $853465.57    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                          | NIPPON YUSEN KK                                  | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |     42100 | NS      | $1438067.90   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BOUYGUES SA                                            | BOUYGUES                                         | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |     49950 | NS      | $2246946.68   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK HAPOALIM B.M.                                     | BANK HAPOALIM BM                                 | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |     83553 | NS      | $1699537.09   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOTOR COMPANY                                  | HYUNDAI MOTOR CO                                 | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |      5490 | NS      | $841424.29    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus N.V.                                            | PROSUS NV                                        | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     21691 | NS      | $1526258.47   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Guotai Junan International Holdings Limited            | GUOTAI JUNAN INTERNATIONAL HOLDINGS LTD          | CUSIP: N/A<br>LEI: 2138006FECWIZUO67V37       | Long             | EC               | CORP              | HK        |    478636 | NS      | $276170.46    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HENDERSON LAND DEVELOPMENT COMPANY LIMITED             | HENDERSON LAND DEVELOPMENT CO LTD                | CUSIP: N/A<br>LEI: 529900SYQB7IVR9QGN76       | Long             | EC               | CORP              | HK        |    300243 | NS      | $1058723.40   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| IHI Corporation                                        | IHI CORP                                         | CUSIP: N/A<br>LEI: 549300ETQIESIUQ2OE26       | Long             | EC               | CORP              | JP        |     55300 | NS      | $1032176.91   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Life Insurance Co., Ltd.                       | SAMSUNG LIFE INSURANCE CO LT                     | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |      6594 | NS      | $736113.77    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona, S.A.                                          | ACCIONA SA                                       | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               | CORP              | ES        |      7752 | NS      | $1555204.85   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                             | MSILF GOVERNMENT-INST                            | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1807889 | NS      | $1807889.42   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CK HUTCHISON HOLDINGS LIMITED                          | CK HUTCHISON HOLDINGS                            | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |    117787 | NS      | $775741.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LY Corporation                                         | LY CORP                                          | CUSIP: N/A<br>LEI: 52990078MD2OL792YM35       | Long             | EC               | CORP              | JP        |    427200 | NS      | $1375464.39   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank, S.A.                                        | CAIXABANK SA                                     | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    145486 | NS      | $1527854.06   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer