# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-25-002170
**Filing Date:** 2025-11
**Character Count:** 31969
**Document Hash:** 1b2a6569c65978be6b887bb00af557d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002170.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002170

**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:** 251520102

**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 Pioneer Asset-Based Income ETF (Series ID: S000093320)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000261507 | VictoryShares Pioneer Asset-Based Income ETF | ABI             |

## 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 Pioneer Asset-Based Income ETF

- **b. EDGAR series identifier (if any):** S000093320

- **c. LEI of Series:** 2549000ACBRB8324FH18

**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:** $54404031.79

**Total Liabilities:** $36940.96

**Net Assets:** $54367090.83

**Cash Not Reported:** $1556372.60

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -32.42471515 | **1-Year:** -337.04724113 | **5-Year:** -876.42588220 | **10-Year:** -406.62260013 | **30-Year:** -21.41752603

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -29.93673284 | **1-Year:** -1377.66282353 | **5-Year:** -2723.34658665 | **10-Year:** -3117.23826950 | **30-Year:** -319.36891717

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261507 | 0.33%                | 0.96%                | -0.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24.12                   | $-59054.14                                 |
| Month 2  | $-29.66                  | $240081.91                                 |
| Month 3  | $-143.97                 | $-539492.69                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CONNECTICUT AVENUE SECURITIES                  | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 207942AC7<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1073360.91   | 1.97%             | 2043-06-25      | Floating      | 9.11%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES                  | CONNECTICUT AVENUE SECURITIES TRUST 2021 R01       | CUSIP: 20754RAJ5<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1038601.86   | 1.91%             | 2041-10-25      | Floating      | 10.36%                | Yes           |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST                             | A D MORTGAGE TRUST 2025 NQM2                       | CUSIP: 00250EAG1<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $481446.43    | 0.89%             | 2070-06-25      | Variable      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST        | SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2025 LOC4  | CUSIP: 79589VAD6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $470455.48    | 0.87%             | 2055-06-25      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                | PRESTIGE AUTO RECEIVABLES TRUST 2023 2             | CUSIP: 74113VAL4<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1075729.11   | 1.98%             | 2030-11-15      | Fixed         | 9.90%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                       | BHG SECURITIZATION TRUST 2025 2CON                 | CUSIP: 05494LAE5<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $519902.04    | 0.96%             | 2036-09-17      | Fixed         | 7.76%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                     | VERUS SECURITIZATION TRUST 2023 INV2               | CUSIP: 92540BAE9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $554716.92    | 1.02%             | 2068-08-25      | Variable      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST             | TRICOLOR AUTO SECURITIZATION TRUST 2025 1          | CUSIP: 89617CAE1<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $50744.40     | 0.09%             | 2032-04-15      | Fixed         | 10.37%                | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST            | EXETER AUTOMOBILE RECEIVABLES TRUST 2025 1         | CUSIP: 30167MAG2<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    940000 | PA      | $967426.34    | 1.78%             | 2032-09-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST                     | CPS AUTO RECEIVABLES TRUST 2024 B                  | CUSIP: 12627SAE6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $734234.13    | 1.35%             | 2031-11-17      | Fixed         | 8.36%                 | Yes           |                  2 | On Loan: No      |
| FS RIALTO ISSUER, LTD.                         | FS RIALTO 2021 FL3                                 | CUSIP: 30323CAJ9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $977462.58    | 1.80%             | 2036-11-16      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT OPPORTUNITIES CLO LIMITED      | FORTRESS CREDIT OPPORTUNITIES XXXVII CLO LTD       | CUSIP: 34967BAC9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499973.00    | 0.92%             | 2033-07-20      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| PRPM LLC                                       | PRPM 2025 NQM3 TRUST                               | CUSIP: 69382NAF9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    791000 | PA      | $759006.26    | 1.40%             | 2070-05-25      | Variable      | 6.87%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST | MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 202 | CUSIP: 61775VAE6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $524296.04    | 0.96%             | 2068-09-25      | Variable      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                     | VERUS SECURITIZATION TRUST 2023 4                  | CUSIP: 92539TAE3<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1240000 | PA      | $1245175.46   | 2.29%             | 2068-05-25      | Variable      | 8.05%                 | Yes           |                  2 | On Loan: No      |
| MF1 LTD                                        | MF1 MULTIFAMILY HOUSING MORTGAGE LOAN TRUST        | CUSIP: 55282XAJ9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $699959.33    | 1.29%             | 2036-07-15      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                     | GLS AUTO RECEIVABLES ISSUER TRUST 2021 4           | CUSIP: 36263DAE7<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    890000 | PA      | $877694.88    | 1.61%             | 2028-10-16      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| MMP CAPITAL LLC                                | MMP CAPITAL 2025 A LLC                             | CUSIP: 55317QAC8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $513108.60    | 0.94%             | 2031-12-15      | Fixed         | 8.41%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST            | GS MORTGAGE BACKED SECURITIES TRUST 2025 HE1       | CUSIP: 36272NAD6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501203.00    | 0.92%             | 2055-10-25      | Floating      | 6.81%                 | Yes           |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST                             | A D MORTGAGE TRUST 2023 NQM4                       | CUSIP: 00002MAE9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $912076.37    | 1.68%             | 2068-09-25      | Variable      | 8.06%                 | Yes           |                  2 | On Loan: No      |
| REACH ABS TRUST                                | REACH ABS TRUST 2025 2                             | CUSIP: 75525QAC4<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499586.30    | 0.92%             | 2032-08-18      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST         | GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025 2      | CUSIP: 39571VAH1<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1015685.26   | 1.87%             | 2060-06-25      | Fixed         | 7.79%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                       | BX TRUST 2025 LUNR                                 | CUSIP: 05594CAN4<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    573351 | PA      | $573381.96    | 1.05%             | 2040-06-15      | Floating      | 8.10%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST        | SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2025 LOC4  | CUSIP: 79589VAN4<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    753897 | PA      | $755160.88    | 1.39%             | 2055-06-25      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST     | EXETER SELECT AUTOMOBILE RECEIVABLES               | CUSIP: 30185EAG8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $491366.74    | 0.90%             | 2033-02-15      | Fixed         | 6.87%                 | Yes           |                  2 | On Loan: No      |
| ABPCI DIRECT LENDING FUND CLO LTD              | ABPCI DIRECT LENDING FUND CLO 21 LLC               | CUSIP: 00112WAA2<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999995.00    | 1.84%             | 2037-07-20      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                     | VERUS SECURITIZATION TRUST 2023 3                  | CUSIP: 92539GAF8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $849471.81    | 1.56%             | 2068-03-25      | Variable      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST                             | A D MORTGAGE TRUST 2023 NQM3                       | CUSIP: 00249FAE7<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $857165.33    | 1.58%             | 2068-07-25      | Variable      | 8.12%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                     | VERUS SECURITIZATION TRUST 2023 INV3               | CUSIP: 92540CAF4<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    640000 | PA      | $643632.32    | 1.18%             | 2068-11-25      | Variable      | 8.18%                 | Yes           |                  2 | On Loan: No      |
| DWIGHT ISSUER LLC                              | DWIGHT 2025 FL1 ISSUER LLC                         | CUSIP: 233636AA7<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003433.90   | 1.85%             | 2042-09-18      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| PRM5 TRUST                                     | PRM TRUST 2025 PRM6                                | CUSIP: 74277DAG7<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $319377.47    | 0.59%             | 2033-07-05      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| ALLY BANK AUTO CREDIT-LINKED NOTES             | ALLY BANK AUTO CREDIT LINKED NOTES SERIES 2025 A   | CUSIP: 02007G5J8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    697024 | PA      | $701157.74    | 1.29%             | 2033-06-15      | Fixed         | 6.94%                 | Yes           |                  2 | On Loan: No      |
| BXDL STATIC CLO LLC                            | BXDL STATIC CLO 2025 1 LLC                         | CUSIP: 05617FAA8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996371.00    | 1.83%             | 2035-07-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST                         | LENDING FUNDING TRUST 2020 2                       | CUSIP: 51507KAD8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $989783.34    | 1.82%             | 2031-04-21      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC                            | OPORTUN ISSUANCE TRUST 2025 A                      | CUSIP: 68377TAD0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1501687.13   | 2.76%             | 2033-02-08      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                       | BHG SECURITIZATION TRUST 2022 C                    | CUSIP: 08860DAE3<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $864256.95    | 1.59%             | 2035-10-17      | Fixed         | 9.73%                 | Yes           |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE                            | ELARA HGV TIMESHARE ISSUER 2025 A LLC              | CUSIP: 28416VAD2<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $249038.82    | 0.46%             | 2040-01-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MHP COMMERCIAL MORTGAGE TRUST                  | MHP COMMERCIAL MORTGAGE TRUST 2025 MHIL2           | CUSIP: 59317DAG0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    360000 | PA      | $360174.78    | 0.66%             | 2030-09-15      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| VEROS AUTO RECEIVABLES TRUST                   | VEROS AUTO RECEIVABLES TRUST 2025 1                | CUSIP: 92511BAD6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1030567.60   | 1.90%             | 2032-05-17      | Fixed         | 8.79%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST                       | COLT 2024 INV2 MORTGAGE LOAN TRUST                 | CUSIP: 12622SAE1<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $511932.61    | 0.94%             | 2069-05-25      | Variable      | 8.10%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES                  | CONNECTICUT AVENUE SECURITIES TRUST 2024 R02       | CUSIP: 20754GAA8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    434415 | PA      | $434406.53    | 0.80%             | 2044-02-25      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| ASCENT CAREER FUNDING TRUST                    | ASCENT CAREER FUNDING TRUST 2024 1                 | CUSIP: 04363LAB2<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    370000 | PA      | $380766.63    | 0.70%             | 2032-10-25      | Fixed         | 9.73%                 | Yes           |                  2 | On Loan: No      |
| MCR MORTGAGE TRUST                             | MCR 2024 TWA MORTGAGE TRUST                        | CUSIP: 582923AD0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    390000 | PA      | $395562.89    | 0.73%             | 2039-06-12      | Fixed         | 7.40%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                     | VERUS SECURITIZATION TRUST 2023 8                  | CUSIP: 92540DAE5<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1015094.94   | 1.87%             | 2068-12-25      | Fixed         | 8.08%                 | Yes           |                  2 | On Loan: No      |
| MCF CLO LLC                                    | MCF CLO LLC                                        | CUSIP: 58039AAQ3<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500054.00    | 0.92%             | 2037-07-20      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                           | LHOME MORTGAGE TRUST 2024 RTL3                     | CUSIP: 50205GAA0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $273129.46    | 0.50%             | 2029-05-25      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                           | LHOME MORTGAGE TRUST 2024 RTL1                     | CUSIP: 50205DAA7<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1011023.20   | 1.86%             | 2029-01-25      | Fixed         | 7.02%                 | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                               | NMEF FUNDING 2025 B LLC                            | CUSIP: 62919WAF6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $504095.30    | 0.93%             | 2033-01-18      | Fixed         | 7.66%                 | Yes           |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST                 | HOME PARTNERS OF AMERICA 2019 1 TRUST              | CUSIP: 43731QAL2<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    190545 | PA      | $184505.79    | 0.34%             | 2039-09-17      | Fixed         | 4.10%                 | Yes           |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                            | RCKT TRUST 2025 PL1                                | CUSIP: 74939RAE1<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005339.08   | 1.85%             | 2034-07-25      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                     | VERUS SECURITIZATION TRUST 2024 2                  | CUSIP: 92539UAE0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $458438.53    | 0.84%             | 2069-02-25      | Variable      | 7.86%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                  | FREDDIE MAC STACR REMIC TRUST 2025 HQA1            | CUSIP: 35564NGZ0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    416129 | PA      | $416118.10    | 0.77%             | 2045-02-25      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES       | HUNTINGTON BANK AUTO CREDIT LINKED NOTES SERIES 20 | CUSIP: 44644NAR0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    484602 | PA      | $485119.06    | 0.89%             | 2033-09-20      | Floating      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST                       | OCTANE RECEIVABLES TRUST 2023 2                    | CUSIP: 67571QAF7<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1087075.43   | 2.00%             | 2031-06-20      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST            | EXETER AUTOMOBILE RECEIVABLES TRUST 2024 3         | CUSIP: 30165AAG0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1156000 | PA      | $1206890.70   | 2.22%             | 2031-10-15      | Fixed         | 7.84%                 | Yes           |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST   | ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST 2025  | CUSIP: 039962AE5<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $608669.62    | 1.12%             | 2032-10-15      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| PRKCM TRUST                                    | PRKCM 2023 AFC1 TRUST                              | CUSIP: 693981AD4<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $753024.78    | 1.39%             | 2058-02-25      | Variable      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST            | EXETER AUTOMOBILE RECEIVABLES TRUST 2024 5         | CUSIP: 30165BAH6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1410000 | PA      | $1441722.25   | 2.65%             | 2032-05-17      | Fixed         | 7.22%                 | Yes           |                  2 | On Loan: No      |
| VFI ABS LLC                                    | VFI ABS LLC                                        | CUSIP: 91824UAD8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    745000 | PA      | $749867.38    | 1.38%             | 2031-04-26      | Fixed         | 7.69%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                   | BX COMMERCIAL MORTGAGE TRUST 2025 BCAT             | CUSIP: 12433HAJ3<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    479142 | PA      | $479623.29    | 0.88%             | 2042-08-15      | Floating      | 7.65%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST                       | COLT 2024 3 MORTGAGE LOAN TRUST                    | CUSIP: 19688VAE0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    721000 | PA      | $737802.83    | 1.36%             | 2069-06-25      | Variable      | 7.91%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                  | FREDDIE MAC STACR TRUST 2019 FTR1                  | CUSIP: 35564PAC2<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $562640.97    | 1.03%             | 2048-01-25      | Floating      | 12.82%                | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST            | EXETER AUTOMOBILE RECEIVABLES TRUST 2024 4         | CUSIP: 30166UAG5<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1480000 | PA      | $1527192.77   | 2.81%             | 2032-02-17      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST                 | CFMT 2024 HB14 LLC                                 | CUSIP: 12530XAD3<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    237500 | PA      | $225888.70    | 0.42%             | 2034-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                       | BX TRUST 2021 ARIA                                 | CUSIP: 05608RAQ8<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $616900.00    | 1.13%             | 2036-10-15      | Floating      | 7.41%                 | Yes           |                  2 | On Loan: No      |
| ACRES COMMERCIAL REALTY LTD                    | ACRES 2025 FL3 LLC                                 | CUSIP: 00501DAP0<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $862098.40    | 1.59%             | 2040-08-18      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| MF1 LTD                                        | MF1 2021 FL7 LTD                                   | CUSIP: 55284AAG3<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    840000 | PA      | $833603.61    | 1.53%             | 2036-10-16      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| MFA TRUST                                      | MFA 2024 NQM2 TRUST                                | CUSIP: 58004JAF9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    410000 | PA      | $409908.93    | 0.75%             | 2069-08-25      | Fixed         | 7.29%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST            | EXETER AUTOMOBILE RECEIVABLES TRUST 2022 1         | CUSIP: 30167JAG9<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1051755.32   | 1.93%             | 2029-10-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES LTD  | ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2021 FL3 | CUSIP: 03880KAJ3<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $882000.72    | 1.62%             | 2034-08-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| REACH ABS TRUST                                | REACH ABS TRUST 2025 1                             | CUSIP: 75525PAC6<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $507101.99    | 0.93%             | 2032-08-16      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                           | LHOME MORTGAGE TRUST                               | CUSIP: 50205JAA4<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1008848.40   | 1.86%             | 2029-03-25      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST                     | VERUS SECURITIZATION TRUST 2023 7                  | CUSIP: 92539YAE2<br>LEI: N/A | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $302915.90    | 0.56%             | 2068-10-25      | Variable      | 7.88%                 | Yes           |                  2 | 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