# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-23-040995
**Filing Date:** 2023-2
**Character Count:** 46823
**Document Hash:** 14e9fd0789faf41955315ced24ebe364
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040995.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-040995

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580
- **IRS NUMBER:** 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:** 23670780

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 216-898-2411

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Compass EMP Funds Trust
- **DATE OF NAME CHANGE:** 20120417

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Victory Portfolios II

- **b. Investment Company Act file number:** 811-22696

- **c. CIK number of Registrant:** 0001547580

- **d. LEI of Registrant:** 5493002SUQLUY3T5P040

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

  - **Street Address 1:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $247286706.70

**Total Liabilities:** $358636.30

**Net Assets:** $246928070.40

**Cash Not Reported:** $974463.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210925 | 11.31%               | 5.27%                | -4.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-675093.07              | $28664055.33                               |
| Month 2  | $2223491.12              | $10127923.59                               |
| Month 3  | $85245.06                | $-11018414.53                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTEL CORPORATION                               | INTEL CORP                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     53428 | NS      | $1412102.04   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INC.                               | TYSON FOODS INC CLASS A              | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     37993 | NS      | $2365064.25   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MODERNA, INC.                                   | MODERNA INC                          | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      5612 | NS      | $1008027.44   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                                | GEN DIGITAL INC                      | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     83410 | NS      | $1787476.30   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                         | KRAFT HEINZ CO THE                   | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     62646 | NS      | $2550318.66   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                               | ULTA BEAUTY INC                      | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      3746 | NS      | $1757136.22   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION     | INTERNATIONAL BUSINESS MACHINES CORP | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     17691 | NS      | $2492484.99   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                            | SOUTHERN CO                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     40720 | NS      | $2907815.20   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                          | GENERAL MOTORS CO                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     36201 | NS      | $1217801.64   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                             | GENERAL MILLS INC                    | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     33738 | NS      | $2828931.30   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                                   | CHUBB LIMITED                        | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     12570 | NS      | $2772942.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| S P 500 EMINI FUTURE MAR23                      | S P 500 EMINI FUTURE MAR23           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $-19310.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                        | CENTERPOINT ENERGY INC               | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     85548 | NS      | $2565584.52   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                         | EXXON MOBIL CORP                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     16413 | NS      | $1810353.90   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                   | ALPHABET INC CLASS A                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     16044 | NS      | $1415562.12   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                      | MSILF GOVERNMENT-INST                | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     67500 | NS      | $67500.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD.                         | ARCH CAPITAL GROUP LIMITED           | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     36668 | NS      | $2302017.04   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                              | FORD MOTOR CO                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    100224 | NS      | $1165605.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                       | O REILLY AUTOMOTIVE INC              | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2453 | NS      | $2070405.59   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FORMULA ONE GROUP                               | LIBERTY MEDIA GROUP CLASS C          | CUSIP: 531229854<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     31469 | NS      | $1881216.82   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                                     | HUMANA INC                           | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      4514 | NS      | $2312025.66   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS, INC.                                   | ROLLINS INC                          | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     52754 | NS      | $1927631.16   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY                           | ELI LILLY CO                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      6134 | NS      | $2244062.56   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO           | INVESCO GVT & AGNCY-INST             | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     67500 | NS      | $67500.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORPORATION                        | KIMCO REALTY CORP                    | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               | CORP              | US        |     87672 | NS      | $1856892.96   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                 | PRINCIPAL FINANCIAL GROUP INC        | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     22927 | NS      | $1924033.84   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                                 | KLA CORP                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3441 | NS      | $1297360.23   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-RAD LABORATORIES, INC.                      | BIO RAD LABORATORIES INC             | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      3804 | NS      | $1599543.96   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP, INC.              | AMERICAN INTERNATIONAL GROUP INC     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     31664 | NS      | $2002431.36   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                           | QUANTA SERVICES INC                  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     11435 | NS      | $1629487.50   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS, INC.                                    | VENTAS INC                           | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     43253 | NS      | $1948547.65   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| W.P. CAREY INC.                                 | WP CAREY INC                         | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     33517 | NS      | $2619353.55   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORPORATION                               | FEDEX CORP                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      7676 | NS      | $1329483.20   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORPORATION                               | NUCOR CORP                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      9312 | NS      | $1227414.72   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON OIL CORPORATION                        | MARATHON OIL CORP                    | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |     38367 | NS      | $1038594.69   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                         | HP INC                               | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     47296 | NS      | $1270843.52   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE, INC.                                   | METLIFE INC                          | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     33399 | NS      | $2417085.63   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                        | ATMOS ENERGY CORPORATION             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     21744 | NS      | $2436850.08   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORPORATION                                 | LKQ CORPORATION                      | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     39468 | NS      | $2107985.88   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE, INC.                               | DOLLAR TREE INC                      | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      9561 | NS      | $1352307.84   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON HOLDING CORPORATION         | BOOZ ALLEN HAMILTON HOLDINGS         | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     22565 | NS      | $2358493.80   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                     | PFIZER INC                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     50028 | NS      | $2563434.72   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                      | PRUDENTIAL FINANCIAL INC             | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     20419 | NS      | $2030873.74   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA CORPORATION                               | CIGNA CORP                           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      7499 | NS      | $2484718.66   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA ENERGY                                   | SEMPRA ENERGY                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     15562 | NS      | $2404951.48   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                             | SYNCHRONY FINANCIAL                  | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     37676 | NS      | $1238033.36   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                               | MERCK CO INC                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     28857 | NS      | $3201684.15   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.             | GAMING AND LEISURE PROPERTIE         | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     46421 | NS      | $2418069.89   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | WABTEC CORP                          | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     19939 | NS      | $1990111.59   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                | Paramount Global                     | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     60440 | NS      | $1020227.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| GILEAD SCIENCES, INC.                           | GILEAD SCIENCES INC                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     27078 | NS      | $2324646.30   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                              | DTE ENERGY CO                        | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     24034 | NS      | $2824716.02   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                       | AT T INC                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    123368 | NS      | $2271204.88   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES, INC.                            | ANALOG DEVICES INC                   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     10366 | NS      | $1700334.98   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC.                     | LPL FINANCIAL HOLDINGS INC           | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      6868 | NS      | $1484655.56   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                             | CHEVRON CORP                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10490 | NS      | $1882850.10   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                 | UNITEDHEALTH GROUP INC               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      4786 | NS      | $2537441.48   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                              | OMNICOM GROUP INC                    | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     27119 | NS      | $2212096.83   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                 | CARLISLE COMPANIES INC               | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      6759 | NS      | $1592758.35   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HERSHEY COMPANY                             | HERSHEY CO                           | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     12769 | NS      | $2956917.33   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                      | AMGEN INC                            | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     10738 | NS      | $2820228.32   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON, INC.                               | DR HORTON INC                        | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     16707 | NS      | $1489261.98   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORPORATION                               | LOEWS CORP                           | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     46641 | NS      | $2720569.53   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| THE AES CORPORATION                             | AES CORP                             | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     58916 | NS      | $1694424.16   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORPORATION                     | WESTERN DIGITAL CORP                 | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     36620 | NS      | $1155361.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                           | CARDINAL HEALTH INC                  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     29424 | NS      | $2261822.88   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                  | LYONDELLBASELL INDUSTRIES NV         | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     20746 | NS      | $1722540.38   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLOGIC, INC.                                   | HOLOGIC INC                          | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     30201 | NS      | $2259336.81   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                    | BRISTOL MYERS SQUIBB CO              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     39281 | NS      | $2826267.95   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                    | NORTHROP GRUMMAN CORP                | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      4011 | NS      | $2188441.71   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| LABORATORY CORPORATION OF AMERICA HOLDINGS      | LABORATORY CORP OF AMERICA HOLDINGS  | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      8747 | NS      | $2059743.56   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INCORPORATED                              | AFLAC INC                            | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     37885 | NS      | $2725446.90   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORPORATION                    | GENERAL DYNAMICS CORP                | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     10454 | NS      | $2593741.94   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORPORATION                       | REALTY INCOME CORP                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     43153 | NS      | $2737194.79   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                    | CADENCE DESIGN SYSTEMS INC           | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      9433 | NS      | $1515317.12   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                    | CUMMINS INC                          | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      9132 | NS      | $2212592.28   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                                 | FOX CORP CLASS A                     | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     62269 | NS      | $1891109.53   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                              | EXELON CORP                          | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     55560 | NS      | $2401858.80   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS, INC.                                  | SYNOPSYS INC                         | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      4606 | NS      | $1470649.74   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORPORATION                            | Westlake Corp                        | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     14640 | NS      | $1501185.60   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                   | BROADCOM INC                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      3145 | NS      | $1758463.85   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION               | CAPITAL ONE FINANCIAL CORP           | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     14409 | NS      | $1339460.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                        | ALLSTATE CORP                        | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     15134 | NS      | $2052170.40   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MOSAIC COMPANY                              | THE MOSAIC CO                        | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     22515 | NS      | $987733.05    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA, INC.                                   | CORTEVA INC                          | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     33000 | NS      | $1939740.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                    | CF INDUSTRIES HOLDINGS INC           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     11824 | NS      | $1007404.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS, INC.                            | UNITED RENTALS INC                   | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      4404 | NS      | $1565269.68   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                         | MOLINA HEALTHCARE INC                | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      6689 | NS      | $2208841.58   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORPORATION                    | ON SEMICONDUCTOR CORP                | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     14188 | NS      | $884905.56    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED             | VERTEX PHARAMACEUTICALS INC          | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      6117 | NS      | $1766467.26   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                       | CONSOLIDATED EDISON INC              | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     28891 | NS      | $2753601.21   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORPORATION                               | HEICO CORP                           | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     14098 | NS      | $2166016.72   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                      | PACCAR INC                           | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     23544 | NS      | $2330149.68   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                       | WR BERKLEY CORP                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     33365 | NS      | $2421298.05   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                       | VALERO ENERGY CORP                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     10327 | NS      | $1310083.22   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INCORPORATED                  | QUEST DIAGNOSTICS INC                | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     16972 | NS      | $2655099.68   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH, INC.                           | ELEVANCE HEALTH INC                  | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      4337 | NS      | $2224750.89   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                            | VICI PROPERTIES INC                  | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     67118 | NS      | $2174623.20   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES, INC.                     | L3HARRIS TECHNOLOGIES INC            | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      9883 | NS      | $2057739.43   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                  | CITIGROUP INC                        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     37723 | NS      | $1706211.29   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOGEN INC.                                     | BIOGEN INC                           | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      3740 | NS      | $1035680.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND  | GLDMN SCHS FIN SQ GV-FST             | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     67500 | NS      | $67500.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORPORATION                  | MARATHON PETROLEUM CORP              | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     14256 | NS      | $1659255.84   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                               | T MOBILE US INC                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     15512 | NS      | $2171680.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                             | CENTENE CORP                         | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     21897 | NS      | $1795772.97   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                         | MICRON TECHNOLOGY INC                | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     24301 | NS      | $1214563.98   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                     | ABBVIE INC                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     16436 | NS      | $2656221.96   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN TECHNOLOGY, INC.                          | ASPEN TECHNOLOGY INC                 | CUSIP: 29109X106<br>LEI: 254900545H80W6GA2J08 | Long             | EC               | CORP              | US        |      6953 | NS      | $1428146.20   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                            | STEEL DYNAMICS INC                   | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     13733 | NS      | $1341714.10   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORPORATION                      | DOLLAR GENERAL CORP                  | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      7648 | NS      | $1883320.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER COMPANY                            | WEYERHAEUSER CO                      | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     62042 | NS      | $1923302.00   | 0.78%             |  |  |  | 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        |     67500 | NS      | $67500.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS, INC.                         | DUPONT DE NEMOURS INC                | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     27545 | NS      | $1890413.35   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                   | REGIONS FINANCIAL CORP               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     84258 | NS      | $1816602.48   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLOGG COMPANY                                 | KELLOGG CO                           | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     40767 | NS      | $2904241.08   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                | OCCIDENTAL PETROLEUM CORP            | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     17738 | NS      | $1117316.62   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                            | M T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     11283 | NS      | $1636711.98   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                           | LEIDOS HOLDINGS INC                  | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     26446 | NS      | $2781854.74   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JACK HENRY & ASSOCIATES, INC.                   | JACK HENRY ASSOCIATES INC            | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     13936 | NS      | $2446604.16   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                              | BEST BUY CO INC                      | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     16143 | NS      | $1294830.03   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.,                        | BERKSHIRE HATHAWAY INC CLASS B       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      8574 | NS      | $2648508.60   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                     | LOCKHEED MARTIN CORP                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      5039 | NS      | $2451423.11   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORPORATION                              | LENNAR CORP CLASS A                  | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     16877 | NS      | $1527368.50   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                           | GENUINE PARTS CO                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     14760 | NS      | $2561007.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY              | HEWLETT PACKARD ENTERPRISES CO       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    108961 | NS      | $1739017.56   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                             | COTERRA ENERCOTERRA ENERGY INC       | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     49465 | NS      | $1215355.05   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                            | MCKESSON CORP                        | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      6801 | NS      | $2551191.12   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                                  | THE KROGER CO                        | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     44562 | NS      | $1986573.96   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE, INC.                                  | AUTOZONE INC                         | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       824 | NS      | $2032132.32   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Allan Shaer

**Name of Signer:** Allan Shaer

**Title:** Treasurer