# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-25-002146
**Filing Date:** 2025-11
**Character Count:** 38126
**Document Hash:** 79ef02bba2a1a66c8e1971d672b0ce0f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002146.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002146

**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:** 251520039

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

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

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

## Series and Classes Contracts Data

### VictoryShares International Free Cash Flow Growth ETF (Series ID: S000093319)

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 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 Free Cash Flow Growth ETF

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

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

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

- **a. Date of fiscal year-end:** 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:** $158162381.84

**Total Liabilities:** $79003.82

**Net Assets:** $158083378.02

**Cash Not Reported:** $960108.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261506 | -2.13%               | 3.69%                | 4.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1160.33                 | $-646421.22                                |
| Month 2  | $22218.02                | $4099937.89                                |
| Month 3  | $868826.71               | $5752608.67                                |

### Schedule of Portfolio Investments

| Name                                              | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| monday.com Ltd                                    | MONDAY COM LTD                               | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      2452 | NS      | $474927.88    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LIMITED                                       | SEA LTD ADR                                  | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |     25274 | NS      | $4517222.02   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RATIONAL Aktiengesellschaft                       | RATIONAL AG                                  | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |       681 | NS      | $518828.21    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanrio Company,Ltd.                               | SANRIO CO LTD                                | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125       | Long             | EC               | CORP              | JP        |     26900 | NS      | $1264501.93   | 0.80%             |  |  |  | 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        |    871514 | NS      | $4534254.51   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc.                            | TFI INTERNATIONAL INC                        | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |      8800 | NS      | $774928.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC.                                    | CELESTICA INC                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     11650 | NS      | $2870327.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Indutrade Aktiebolag                              | INDUTRADE AB                                 | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |     23396 | NS      | $536553.04    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                         | SAFRAN SA                                    | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     11144 | NS      | $3925896.74   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCO CORPORATION                                 | DISCO CORP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2100 | NS      | $660519.38    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                         | CTS EVENTIM AG CO KGAA                       | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |      3012 | NS      | $294885.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                            | CYBERARK SOFTWARE LTD                        | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      3482 | NS      | $1682328.30   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPICUS.COM INC                                   | TOPICUS COM INC                              | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      6674 | NS      | $715842.26    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                  | NOVO NORDISK                                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     55947 | NS      | $3033165.05   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Addtech AB                                        | ADDTECH AB                                   | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |      9936 | NS      | $322266.91    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORPORATION                          | KINROSS GOLD CORP                            | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    200556 | NS      | $4983816.60   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LIMITED                        | ARISTOCRAT LEISURE LTD                       | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |     37542 | NS      | $1737880.80   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WIX.COM LTD                                       | WIX COM LTD                                  | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      2895 | NS      | $514238.85    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE PETROLIERE IMPERIALE LTEE               | IMPERIAL OIL LTD                             | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |     24976 | NS      | $2264981.27   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                    | RHEINMETALL AG                               | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      1792 | NS      | $4174657.81   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                        | BANDAI NAMCO HOLDINGS INC                    | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |     65200 | NS      | $2171569.62   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| OTSUKA CORPORATION                                | OTSUKA CORPORATION                           | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |     20000 | NS      | $417664.16    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                                      | FERRARI NV                                   | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      1696 | NS      | $819469.87    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LIMITED                                  | BRAMBLES LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    103111 | NS      | $1691551.87   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS PUBLIC LIMITED COMPANY           | RYANAIR HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |     98578 | NS      | $2858306.06   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                       | HERMES INTERNATIONAL                         | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       520 | NS      | $1271523.49   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                     | ON HOLDING AG                                | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |      9304 | NS      | $394024.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GENMAB A/S                                        | GENMAB A S                                   | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      2858 | NS      | $866557.86    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDS CHINA LTD.                                  | SANDS CHINA LTD                              | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |    430800 | NS      | $1201326.19   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco Aktiebolag                            | ATLAS COPCO AB                               | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     80669 | NS      | $1362229.18   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Co.,Ltd.                                     | OBIC CO LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     14500 | NS      | $505396.63    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc.                                  | LUNDIN GOLD INC                              | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     32611 | NS      | $2113211.55   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AAK AB (publ)                                     | AAK AB                                       | CUSIP: N/A<br>LEI: 549300GK4LGIDDWJWL07       | Long             | EC               | CORP              | SE        |     15904 | NS      | $413411.38    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                              | STRAUMANN HOLDING AG                         | CUSIP: N/A<br>LEI: 50670046ML5FVIM60Z37       | Long             | EC               | CORP              | CH        |      7927 | NS      | $845586.51    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED     | ALIBABA HEALTH INFORMATION TECHNOLOGY LTD    | CUSIP: N/A<br>LEI: 529900GE9653COPX1I86       | Long             | EC               | CORP              | BM        |   1372000 | NS      | $1174231.85   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumine Group Inc                                  | LUMINE GROUP INC                             | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Long             | EC               | CORP              | CA        |     25048 | NS      | $738749.49    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPUTERSHARE LIMITED                             | COMPUTERSHARE LTD                            | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |     57743 | NS      | $1386165.08   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                          | NICE LTD                                     | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |      6505 | NS      | $959161.23    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Limited                            | TOKYO ELECTRON LTD                           | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      7900 | NS      | $1408291.07   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| THALES SA                                         | THALES SA                                    | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |     10448 | NS      | $3269829.31   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO., LTD.                                  | CAPCOM CO LTD                                | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |     25500 | NS      | $693761.41    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO TRADER GROUP PLC                             | AUTO TRADER GROUP PLC                        | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |     52569 | NS      | $557175.13    | 0.35%             |  |  |  | Yes           |                  1 | On Loan: No      |
| AUTOLIV, INC.                                     | AUTOLIV INC                                  | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |      7752 | NS      | $957372.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIFUKU CO.,LTD.                                  | DAIFUKU CO LTD                               | CUSIP: N/A<br>LEI: 3538006FG1W4X3MYHL36       | Long             | EC               | CORP              | JP        |     54100 | NS      | $1735283.02   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                                     | ALFA LAVAL AB                                | CUSIP: N/A<br>LEI: 549300UCKT2UK88AG251       | Long             | EC               | CORP              | SE        |     12735 | NS      | $579786.39    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FAST RETAILING CO., LTD.                          | FAST RETAILING CO LTD                        | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      3900 | NS      | $1187908.30   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                                           | SPIE SA                                      | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |     17402 | NS      | $935613.36    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                 | COMPASS GROUP PLC                            | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     24112 | NS      | $819988.27    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RIGHTMOVE PLC                                     | RIGHTMOVE PLC                                | CUSIP: N/A<br>LEI: 2138001JXGCFKBXYB828       | Long             | EC               | CORP              | GB        |     50097 | NS      | $477351.67    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                             | KONGSBERG GRUPPEN ASA                        | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |     39760 | NS      | $1271387.24   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                        | AGNICO EAGLE MINES LTD                       | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     32711 | NS      | $5513766.16   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                       | CONSTELLATION SOFTWARE INC CANADA            | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       417 | NS      | $1132172.23   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corporation                              | LASERTEC CORP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      6700 | NS      | $920020.96    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                                    | TECHNIPFMC PLC                               | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     55084 | NS      | $2173063.80   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| XERO LIMITED                                      | XERO LTD                                     | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |      6005 | NS      | $625636.69    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLUTION MINING LIMITED                          | EVOLUTION MINING LTD                         | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |    445748 | NS      | $3193349.85   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO, Inc.                                        | ZOZO INC                                     | CUSIP: N/A<br>LEI: 549300GC7XPQMZA0OW13       | Long             | EC               | CORP              | JP        |     36300 | NS      | $333860.82    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                       | PANDORA A S                                  | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      7021 | NS      | $914913.47    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BOMBARDIER INC.                                   | BOMBARDIER INC                               | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |     14227 | NS      | $1994029.33   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGMA HEALTHCARE LIMITED                          | SIGMA HEALTHCARE LTD                         | CUSIP: N/A<br>LEI: 529900BZSP3BK7GYAO50       | Long             | EC               | CORP              | AU        |    939621 | NS      | $1846025.96   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                   | ASTRAZENECA PLC                              | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     10545 | NS      | $1585592.74   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena, S.M.E., S.A.                                | AENA SME SA                                  | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |     77257 | NS      | $2110405.92   | 1.33%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MONCLER S.P.A.                                    | MONCLER SPA                                  | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     13822 | NS      | $809174.21    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil, S.A.                  | INDUSTRIA DE DISENO TEXTIL SA INDITEX        | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     35035 | NS      | $1931765.72   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                                   | MONOTARO CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     13800 | NS      | $201209.17    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                                     | NEMETSCHEK SE                                | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |      6081 | NS      | $790945.46    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                 | SIEMENS ENERGY AG                            | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     47704 | NS      | $5567501.33   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANTEST CORPORATION                             | ADVANTEST CORP                               | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |     31300 | NS      | $3101000.88   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                                   | PRO MEDICUS LTD                              | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |      7226 | NS      | $1473621.80   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co.,Ltd.                         | RECRUIT HOLDINGS CO LTD                      | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     16000 | NS      | $861621.69    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| D'IETEREN GROUP SA                                | D IETEREN GROUP                              | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |      2135 | NS      | $398999.84    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group, S.A.                            | AMADEUS IT GROUP SA                          | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |     14434 | NS      | $1143726.67   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| KONAMI GROUP CORPORATION                          | KONAMI GROUP CORP                            | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |     13200 | NS      | $1905863.26   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila Oyj Abp                                  | WARTSILA OYJ ABP                             | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |     50512 | NS      | $1509086.47   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc Aktiebolag                                 | EPIROC AB                                    | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |     33179 | NS      | $699559.35    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                 | ASML HOLDING N V                             | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      2043 | NS      | $1986016.83   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                     | FUJIKURA LTD                                 | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |     32900 | NS      | $3216132.41   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC                 | INTERCONTINENTAL HOTELS GROUP PLC            | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      9892 | NS      | $1193701.53   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Belimo Holding AG                                 | BELIMO HOLDING AG                            | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |      1185 | NS      | $1238004.15   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| argenx SE                                         | ARGENX SE                                    | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      1605 | NS      | $1162874.18   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent, Inc.                                  | BAYCURRENT CONSULTING INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     22300 | NS      | $1312030.84   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V.                        | UNIVERSAL MUSIC GROUP NV                     | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     29121 | NS      | $839588.38    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVA LTD                                          | NOVA LTD                                     | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      1843 | NS      | $589133.38    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                         | PAN AMERICAN SILVER CORP                     | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     70996 | NS      | $2749675.08   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB (publ)                | SWEDISH ORPHAN BIOVITRUM AB                  | CUSIP: N/A<br>LEI: 549300124Y3MQI87PT35       | Long             | EC               | CORP              | SE        |     15336 | NS      | $467423.83    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DIPLOMA PLC                                       | DIPLOMA PLC                                  | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     11180 | NS      | $797540.54    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnologyOne Ltd                                 | TECHNOLOGY ONE LTD                           | CUSIP: N/A<br>LEI: 875500YEWBJIM91P9N12       | Long             | EC               | CORP              | AU        |     41566 | NS      | $1057489.72   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| The Descartes Systems Group Inc.                  | DESCARTES SYSTEMS GROUP INC THE              | CUSIP: 249906108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4548 | NS      | $428558.04    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC.                                    | DOLLARAMA INC                                | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     16057 | NS      | $2117931.57   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                      | SHOPIFY INC                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     13380 | NS      | $1988401.80   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WISETECH GLOBAL LIMITED                           | WISETECH GLOBAL LTD                          | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               | CORP              | AU        |     11585 | NS      | $691626.92    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                         | AIRBUS SE                                    | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |     16706 | NS      | $3871251.61   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokogawa Electric Corporation                     | YOKOGAWA ELECTRIC CORP                       | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |     17200 | NS      | $494934.74    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ASICS Corporation                                 | ASICS CORP                                   | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     48800 | NS      | $1277835.94   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXT PLC                                          | NEXT PLC                                     | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      8396 | NS      | $1397150.58   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PUBLIC LIMITED COMPANY                      | HALMA PLC                                    | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |     32147 | NS      | $1491369.04   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                          | ROLLS ROYCE HOLDINGS PLC                     | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    378945 | NS      | $6063853.78   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB (publ)                               | EVOLUTION AB                                 | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |     15064 | NS      | $1238123.83   | 0.78%             |  |  |  | Yes           |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A. | RECORDATI SPA                                | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |      6650 | NS      | $403593.31    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                            | ASM INTERNATIONAL NV                         | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |      2193 | NS      | $1314986.50   | 0.83%             |  |  |  | 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