# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210030
**Filing Date:** 2025-8
**Character Count:** 35867
**Document Hash:** d0b112b89fcab8c95f4eaec43bc79d0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210030.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210030

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22696
- **FILM NUMBER:** 251268199

**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 Free Cash Flow Growth ETF (Series ID: S000089011)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000255423 | VictoryShares Free Cash Flow Growth ETF | GFLW            |

## 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 Free Cash Flow Growth ETF

- **b. EDGAR series identifier (if any):** S000089011

- **c. LEI of Series:** 25490023YCO3N5PNV908

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $537220528.85

**Total Liabilities:** $264520.79

**Net Assets:** $536956008.06

**Cash Not Reported:** $406585.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255423 | 5.92%                | 9.02%                | 4.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-55965.29               | $27588570.03                               |
| Month 2  | $3784493.48              | $28790704.19                               |
| Month 3  | $6947404.23              | $17842650.81                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PTC INC.                           | PTC INC                            | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      8719 | NS      | $1502632.46   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS, INC.           | PALO ALTO NETWORKS INC             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     36327 | NS      | $7433957.28   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC.                        | REDDIT INC                         | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34478 | NS      | $5191352.46   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                   | SERVICENOW INC                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      7898 | NS      | $8119775.84   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc                     | NEXTRACKER INC                     | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22783 | NS      | $1238711.71   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                         | ADOBE INC                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     10595 | NS      | $4098993.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HIMS & HERS HEALTH, INC.           | HIMS HERS HEALTH INC               | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     85333 | NS      | $4253850.05   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                    | KLA CORP                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2740 | NS      | $2454327.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIDE, INC.                       | STRIDE INC                         | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     46274 | NS      | $6718522.06   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                       | DEXCOM INC                         | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     36371 | NS      | $3174824.59   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                      | ALPHABET INC CLASS A               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     36800 | NS      | $6485264.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                  | EMCOR GROUP INC                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      9412 | NS      | $5034384.68   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH, INC.                     | DOORDASH INC                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     52344 | NS      | $12903319.44  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC.                        | RAMBUS INC                         | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     14645 | NS      | $937572.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE, INC.              | PAYCOM SOFTWARE INC                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     25568 | NS      | $5916435.20   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TJX COMPANIES, INC.            | TJX COS INC                        | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     61057 | NS      | $7539928.93   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORPORATION              | ATLASSIAN CORP PLC                 | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     18713 | NS      | $3800423.17   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HOLDINGS, INC.          | EXLSERVICE HOLDINGS INC            | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    115349 | NS      | $5051132.71   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                      | NETFLIX INC                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     15825 | NS      | $21191732.25  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION           | LAM RESEARCH CORP                  | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     35058 | NS      | $3412545.72   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                     | FORTINET INC                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    103669 | NS      | $10959886.68  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORPORATION  | LATTICE SEMICONDUCTOR              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     23635 | NS      | $1157878.65   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE, INC.      | STERLING INFRASTRUCTURE            | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     24748 | NS      | $5710106.04   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                     | SNOWFLAKE INC CLASS A              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     28312 | NS      | $6335376.24   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                | EXPEDIA GROUP INC                  | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36849 | NS      | $6215689.32   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT, INC.                      | HUBSPOT INC                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      2100 | NS      | $1168923.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                     | AUTODESK INC                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     28058 | NS      | $8685915.06   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                        | INTUIT INC                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     12982 | NS      | $10225012.66  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                    | DYNATRACE INC                      | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     41863 | NS      | $2311256.23   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNOX INTERNATIONAL INC.          | LENNOX INTERNATIONAL INC           | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      3775 | NS      | $2163981.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.          | COMFORT SYSTEMS USA INC            | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     11267 | NS      | $6041478.07   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEWY, INC.                        | CHEWY INC CLASS A                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    181859 | NS      | $7750830.58   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.        | HALOZYME THERAPEUTICS INC          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     24936 | NS      | $1297170.72   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MANHATTAN ASSOCIATES, INC.         | MANHATTAN ASSOCIATES INC           | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      7690 | NS      | $1518544.30   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                 | NVIDIA CORP                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     72096 | NS      | $11390447.04  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| W.W. GRAINGER, INC.                | WW GRAINGER INC                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      6224 | NS      | $6474453.76   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CORCEPT THERAPEUTICS INCORPORATED  | CORCEPT THERAPEUTICS INC           | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     26471 | NS      | $1942971.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE, INC.                 | PURE STORAGE INC                   | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     32601 | NS      | $1877165.58   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION               | MCKESSON CORP                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     12492 | NS      | $9153887.76   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORPORATION       | MONSTER BEVERAGE CORP              | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     98735 | NS      | $6184760.40   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                       | DOXIMITY INC                       | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103265 | NS      | $6334275.10   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN, INC.                     | DOCUSIGN INC                       | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     46381 | NS      | $3612616.09   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC.                    | DRAFTKINGS INC                     | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     38329 | NS      | $1643930.81   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                    | PINTEREST INC                      | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77339 | NS      | $2773376.54   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG, INC.                      | DATADOG INC CLASS A                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     16704 | NS      | $2243848.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd | CREDO TECHNOLOGY GROUP HOLDING LTD | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     60483 | NS      | $5600120.97   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS, INC.            | COMMVAULT SYSTEMS INC              | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     21860 | NS      | $3810853.80   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.               | META PLATFORMS INC                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     23273 | NS      | $17177568.57  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC             | TRANE TECHNOLOGIES PLC             | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     18107 | NS      | $7920182.87   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                   | SALESFORCE INC                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     22097 | NS      | $6025630.93   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                | VIKING HOLDINGS LTD                | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    116303 | NS      | $6197786.87   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION        | DECKERS OUTDOOR CORP               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     31381 | NS      | $3234439.67   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                 | VEEVA SYSTEMS INC                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     24053 | NS      | $6926782.94   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.         | PALANTIR TECHNOLOGIES INC          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     83722 | NS      | $11412983.04  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| S P 500 EMINI FUTURE SEP25         | S P 500 EMINI FUTURE SEP25         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $11050.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION             | FAIR ISAAC CORP                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1886 | NS      | $3447532.56   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.         | CROWDSTRIKE HOLDINGS INC A         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      8596 | NS      | $4378028.76   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.              | BOOKING HOLDINGS INC               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2600 | NS      | $15052024.00  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                 | INCYTE PHARMACEUTICALS INC         | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     45509 | NS      | $3099162.90   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic N.V.                       | ELASTIC NV                         | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |     21797 | NS      | $1838141.01   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION               | APPLOVIN CORP                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     37139 | NS      | $13001621.12  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                      | WORKDAY INC                        | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     15649 | NS      | $3755760.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                 | VERTIV HOLDINGS CO                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     26781 | NS      | $3438948.21   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB, INC.                       | AIRBNB INC CLASS A                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     19318 | NS      | $2556544.12   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TRADE DESK, INC.               | THE TRADE DESK INC CLASS A         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     32936 | NS      | $2371062.64   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.       | CADENCE DESIGN SYSTEMS INC         | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      5067 | NS      | $1561396.05   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                      | CENCORA INC                        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     25114 | NS      | $7530432.90   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                       | DUOLINGO INC                       | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14070 | NS      | $5768981.40   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                      | ZSCALER INC                        | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     22108 | NS      | $6940585.52   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                      | MAPLEBEAR INC                      | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95925 | NS      | $4339647.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.     | HILTON WORLDWIDE HOLDINGS INC      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     21506 | NS      | $5727908.04   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA, INC.                   | SHARKNINJA INC                     | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     20361 | NS      | $2015535.39   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LYFT, INC.                         | LYFT INC                           | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     81046 | NS      | $1277284.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYLOCITY HOLDING CORPORATION      | PAYLOCITY HOLDING CORP             | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     25512 | NS      | $4622519.28   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| THE NEW YORK TIMES COMPANY         | NEW YORK TIMES CO THE              | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     36020 | NS      | $2016399.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMSTRONG WORLD INDUSTRIES, INC.   | ARMSTRONG WORLD INDUSTRIES INC     | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     26717 | NS      | $4339909.48   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP.              | LAS VEGAS SANDS CORP               | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     69870 | NS      | $3040043.70   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc                         | GITLAB INC                         | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     23504 | NS      | $1060265.44   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BADGER METER, INC.                 | BADGER METER INC                   | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     10053 | NS      | $2462482.35   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN ELECTRIC HOLDINGS, INC.    | LINCOLN ELECTRIC HOLDINGS INC      | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      6666 | NS      | $1381995.12   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                    | GE VERNOVA LLC                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     26126 | NS      | $13824572.90  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTANIX, INC.                      | NUTANIX INC A                      | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     61889 | NS      | $4730795.16   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BELLRING BRANDS, INC.              | BELLRING BRANDS INC                | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     14943 | NS      | $865647.99    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.            | UBER TECHNOLOGIES INC              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     83545 | NS      | $7794748.50   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.            | SPOTIFY TECHNOLOGY SA              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     19478 | NS      | $14946248.52  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.       | CHIPOTLE MEXICAN GRILL INC         | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73487 | NS      | $4126295.05   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC.           | LULULEMON ATHLETICA INC            | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     10415 | NS      | $2474395.70   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.           | MUELLER INDUSTRIES INC             | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     55978 | NS      | $4448571.66   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                    | ASTERA LABS INC                    | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20701 | NS      | $1871784.42   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC.                      | WINGSTOP INC                       | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      2161 | NS      | $727695.14    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.              | ARISTA NETWORKS INC                | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     55465 | NS      | $5674624.15   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                      | BROADCOM INC                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     80022 | NS      | $22058064.30  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HOLDINGS, INC.             | MEDPACE HOLDINGS INC               | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      9356 | NS      | $2936474.16   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES, INC.           | IDEXX LABORATORIES INC             | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3319 | NS      | $1780112.46   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.     | MONOLITHIC POWER SYSTEMS INC       | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      2123 | NS      | $1552719.74   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES, INC.       | NEUROCRINE BIOSCIENCES INC         | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     12358 | NS      | $1553277.02   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORPORATION                 | CINTAS CORP                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35389 | NS      | $7887146.43   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS, INC.                      | ROLLINS INC                        | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     75470 | NS      | $4258017.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.       | MARRIOTT INTERNATIONAL INC CLASS A | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     13442 | NS      | $3672488.82   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC.                        | RESMED INC                         | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     15525 | NS      | $4005450.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION               | AMPHENOL CORP CLASS A              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     85391 | NS      | $8432361.25   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer