# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210057
**Filing Date:** 2025-8
**Character Count:** 37662
**Document Hash:** 69acd02abec1d7323c1b55215b3e7d11
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210057.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210057

**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:** 251268228

**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 Large Cap High Div Volatility Wtd ETF (Series ID: S000049907)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000157588 | VictoryShares US Large Cap High Div Volatility Wtd ETF | CDL             |

## 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 Large Cap High Div Volatility Wtd ETF

- **b. EDGAR series identifier (if any):** S000049907

- **c. LEI of Series:** 549300RS1Y46ILB96P77

**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:** $349548705.02

**Total Liabilities:** $131817.43

**Net Assets:** $349416887.59

**Cash Not Reported:** $1961331.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000157588 | -4.74%               | 1.13%                | 1.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-61381.98               | $-17228643.28                              |
| Month 2  | $0.00                    | $2476190.48                                |
| Month 3  | $-111548.07              | $5138467.85                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBVIE INC.                                        | ABBVIE INC                          | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     15391 | NS      | $2856877.42   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                                 | EXELON CORP                         | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    105595 | NS      | $4584934.90   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                                   | XCEL ENERGY INC                     | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     63296 | NS      | $4310457.60   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                     | CITIZENS FINANCIAL GROUP INC        | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     59180 | NS      | $2648305.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                 | ALTRIA GROUP INC                    | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     78199 | NS      | $4584807.37   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                                | EOG RESOURCES INC                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     28818 | NS      | $3446920.98   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                        | UNITED PARCEL SERVICE INC           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     23548 | NS      | $2376935.12   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                  | EVERSOURCE ENERGY                   | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     62390 | NS      | $3969251.80   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                              | KEURIG DR PEPPER INC                | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    135354 | NS      | $4474803.24   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                         | ALLIANT ENERGY CORP                 | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     74885 | NS      | $4528295.95   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CARLYLE GROUP INC.                             | CARLYLE GROUP INC                   | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     47153 | NS      | $2423664.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                               | NEXTERA ENERGY INC                  | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     44640 | NS      | $3098908.80   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORPORATION                         | NORTHERN TRUST CORP                 | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     32390 | NS      | $4106728.10   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.              | AMERICAN ELECTRIC POWER CO INC      | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     44601 | NS      | $4627799.76   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                             | CMS ENERGY CORP                     | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     73013 | NS      | $5058340.64   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.             | PNC FINANCIAL SERVICES GROUP INC    | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     18828 | NS      | $3509915.76   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                   | PHILIP MORRIS INTERNATIONAL INC     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     21552 | NS      | $3925265.76   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                 | HUNTINGTON BANCSHARES INC OH        | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    183679 | NS      | $3078460.04   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC.                              | BLUE OWL CAPITAL INC                | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108116 | NS      | $2076908.36   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                    | PPL CORP                            | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    149411 | NS      | $5063538.79   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                                 | CLOROX COMPANY                      | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     25630 | NS      | $3077394.10   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                  | MERCK CO INC                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     35937 | NS      | $2844772.92   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                                  | SYSCO CORP                          | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     55060 | NS      | $4170244.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, INC.                                        | ONEOK INC                           | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     34213 | NS      | $2792807.19   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. BANCORP                                       | US BANCORP                          | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     69445 | NS      | $3142386.25   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN, INC.                                | KINDER MORGAN INC                   | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    129044 | NS      | $3793893.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                       | WILLIAMS COS INC                    | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     58176 | NS      | $3654034.56   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY                      | MOLSON COORS BEVERAGE CO            | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     52771 | NS      | $2537757.39   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                | CHEVRON CORP                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26308 | NS      | $3767042.52   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                                | GENERAL MILLS INC                   | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     68919 | NS      | $3570693.39   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW INC.                                           | DOW INC                             | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     94520 | NS      | $2502889.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                   | MEDTRONIC PLC                       | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     45753 | NS      | $3988289.01   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                        | KENVUE INC                          | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    128139 | NS      | $2681949.27   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                           | DARDEN RESTAURANTS INC              | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     13668 | NS      | $2979213.96   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                            | KRAFT HEINZ CO THE                  | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    134282 | NS      | $3467161.24   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                                | ENTERGY CORP                        | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     35484 | NS      | $2949430.08   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                      | REGIONS FINANCIAL CORP              | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    132757 | NS      | $3122444.64   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                     | CONOCOPHILLIPS                      | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     34815 | NS      | $3124298.10   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                             | CVS HEALTH CORP                     | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     31961 | NS      | $2204669.78   | 0.63%             |  |  |  | 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        |         6 | NC      | $57319.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                          | T ROWE PRICE GROUP INC              | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     34953 | NS      | $3372964.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                              | GILEAD SCIENCES INC                 | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     29163 | NS      | $3233301.81   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                               | M T BANK CORP                       | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     16186 | NS      | $3139922.14   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                     | LYONDELLBASELL INDUSTRIES NV        | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     56268 | NS      | $3255666.48   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                    | PRINCIPAL FINANCIAL GROUP INC       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     40986 | NS      | $3255517.98   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                           | STATE STREET CORP                   | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     36857 | NS      | $3919373.38   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED                  | MICROCHIP TECHNOLOGY INC            | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     33605 | NS      | $2364783.85   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                     | TEXAS INSTRUMENTS INC               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     13730 | NS      | $2850622.60   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                        | LOCKHEED MARTIN CORP                | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      8375 | NS      | $3878797.50   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                     | CME GROUP INC                       | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     20480 | NS      | $5644697.60   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                  | JOHNSON JOHNSON                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     31101 | NS      | $4750677.75   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger N.V.                                  | SCHLUMBERGER LTD                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     70089 | NS      | $2369008.20   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                              | DOMINION ENERGY INC                 | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     68900 | NS      | $3894228.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                               | EDISON INTERNATIONAL                | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     51203 | NS      | $2642074.80   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                        | PFIZER INC                          | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    147655 | NS      | $3579157.20   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                            | HP INC                              | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     92778 | NS      | $2269349.88   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CAMPBELL'S COMPANY                             | THE CAMPBELL S COMPANY              | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     91735 | NS      | $2811677.75   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                        | VERIZON COMMUNICATIONS INC          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     95993 | NS      | $4153617.11   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC.                                       | OVINTIV INC                         | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     58047 | NS      | $2208688.35   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                              | COCA COLA CO THE                    | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     75725 | NS      | $5357543.75   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORPORATION                         | DOLLAR GENERAL CORP                 | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     24316 | NS      | $2781264.08   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                       | TRUIST FINANCIAL CORP               | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     67001 | NS      | $2880372.99   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                          | AT T INC                            | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    145929 | NS      | $4223185.26   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                      | PEPSICO INC                         | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     30717 | NS      | $4055872.68   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                       | EVERGY INC                          | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     89918 | NS      | $6198047.74   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                            | DUKE ENERGY CORP                    | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     42628 | NS      | $5030104.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC.                              | WEC ENERGY GROUP                    | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     49190 | NS      | $5125598.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                          | CONSOLIDATED EDISON INC             | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     46812 | NS      | $4697584.20   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED       | PUBLIC SERVICE ENTERPRISE GROUP INC | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     48208 | NS      | $4058149.44   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                             | SEMPRA ENERGY                       | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     37741 | NS      | $2859635.57   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | SEAGATE TECHNOLOGY HOLD             | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     26837 | NS      | $3873384.21   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                         | AMGEN INC                           | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     11188 | NS      | $3123801.48   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                                 | FORD MOTOR CO                       | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    235742 | NS      | $2557800.70   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                                | ALLY FINANCIAL INC                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     63478 | NS      | $2472468.10   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                         | KIMBERLY CLARK CORP                 | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     33138 | NS      | $4272150.96   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                           | DEVON ENERGY CORP                   | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     77956 | NS      | $2479780.36   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                            | EXXON MOBIL CORP                    | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     37255 | NS      | $4016089.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                | COMCAST CORP                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     85700 | NS      | $3058633.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORPORATION                           | HORMEL FOODS CORP                   | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |    142727 | NS      | $4317491.75   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                                  | FIRSTENERGY CORP                    | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    112699 | NS      | $4537261.74   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                 | DTE ENERGY CO                       | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     36383 | NS      | $4819292.18   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC.                  | FIDELITY NATIONAL FINANCIAL         | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     61979 | NS      | $3474542.74   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                               | CONAGRA BRANDS INC                  | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    141794 | NS      | $2902523.18   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                               | SOUTHERN CO                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     53192 | NS      | $4884621.36   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                       | MONDELEZ INTERNATIONAL INC          | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     65285 | NS      | $4402820.40   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                    | ARCHER DANIELS MIDLAND CO           | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     75299 | NS      | $3974281.22   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                          | VALERO ENERGY CORP                  | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     20381 | NS      | $2739614.02   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                                 | OMNICOM GROUP INC                   | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     41348 | NS      | $2974575.12   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                                | COTERRA ENERCOTERRA ENERGY INC      | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    121272 | NS      | $3077883.36   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                | FIFTH THIRD BANCORP                 | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     81358 | NS      | $3346254.54   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HERSHEY COMPANY                                | HERSHEY CO THE                      | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     18186 | NS      | $3017966.70   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                              | GENUINE PARTS CO                    | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     19972 | NS      | $2422803.32   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                                 | TARGET CORP                         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     17505 | NS      | $1726868.25   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                     | MORGAN STANLEY                      | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     22063 | NS      | $3107794.18   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                         | PRUDENTIAL FINANCIAL INC            | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     29407 | NS      | $3159488.08   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                        | INTERNATIONAL PAPER CO              | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     53303 | NS      | $2496179.49   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                        | PHILLIPS 66                         | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     23851 | NS      | $2845424.30   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK & DECKER, INC.                       | STANLEY BLACK DECKER INC            | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     30288 | NS      | $2052012.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                     | CITIGROUP INC                       | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     35509 | NS      | $3022526.08   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INCORPORATED                          | TYSON FOODS INC CLASS A             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     65137 | NS      | $3643763.78   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                                 | BEST BUY CO INC                     | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     30225 | NS      | $2029004.25   | 0.58%             |  |  |  | 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