# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-25-002172
**Filing Date:** 2025-11
**Character Count:** 38693
**Document Hash:** 94cb1434d24137d49a05e0c60d3b7cae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002172.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002172

**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:** 251520105

**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:** 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 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:** 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:** $364887848.00

**Total Liabilities:** $2977644.24

**Net Assets:** $361910203.76

**Cash Not Reported:** $1772460.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000157588 | 1.52%                | 2.94%                | 0.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $503.17                  | $4600530.06                                |
| Month 2  | $0.00                    | $9226497.52                                |
| Month 3  | $4708873.87              | $-2630007.96                               |

### 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        |     17705 | NS      | $4099415.70   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                             | EXELON CORP                          | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    111343 | NS      | $5011548.43   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                               | XCEL ENERGY INC                      | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     65400 | NS      | $5274510.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                 | CITIZENS FINANCIAL GROUP INC         | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     54645 | NS      | $2904928.20   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                             | ALTRIA GROUP INC                     | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     74696 | NS      | $4934417.76   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                            | EOG RESOURCES INC                    | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     25754 | NS      | $2887538.48   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                    | UNITED PARCEL SERVICE INC            | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     32231 | NS      | $2692255.43   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                              | EVERSOURCE ENERGY                    | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     59200 | NS      | $4211488.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                          | KEURIG DR PEPPER INC                 | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    131198 | NS      | $3346860.98   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                     | ALLIANT ENERGY CORP                  | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     77750 | NS      | $5241127.50   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                           | NEXTERA ENERGY INC                   | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     44912 | NS      | $3390406.88   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.          | AMERICAN ELECTRIC POWER CO INC       | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     44967 | NS      | $5058787.50   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                         | CMS ENERGY CORP                      | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     75771 | NS      | $5550983.46   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION    | INTERNATIONAL BUSINESS MACHINES CORP | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     12877 | NS      | $3633374.32   | 1.00%             |  |  |  | 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        |     17564 | NS      | $3529134.52   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.               | PHILIP MORRIS INTERNATIONAL INC      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     21552 | NS      | $3495734.40   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED             | HUNTINGTON BANCSHARES INC OH         | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    170650 | NS      | $2947125.50   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC.                          | BLUE OWL CAPITAL INC                 | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112330 | NS      | $1901746.90   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| PPL CORPORATION                                | PPL CORP                             | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    142547 | NS      | $5297046.52   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                             | CLOROX COMPANY                       | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     36334 | NS      | $4479982.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                              | MERCK CO INC                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     39179 | NS      | $3288293.47   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                              | SYSCO CORP                           | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     55434 | NS      | $4564435.56   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, INC.                                    | ONEOK INC                            | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     38216 | NS      | $2788621.52   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. BANCORP                                   | US BANCORP                           | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     67493 | NS      | $3261936.69   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN, INC.                            | KINDER MORGAN INC                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    133262 | NS      | $3772647.22   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                   | WILLIAMS COS INC                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     59773 | NS      | $3786619.55   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                            | CHEVRON CORP                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22763 | NS      | $3534866.27   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                            | GENERAL MILLS INC                    | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     82919 | NS      | $4180775.98   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY               | MEDTRONIC PLC                        | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     45516 | NS      | $4334943.84   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| S P 500 EMINI FUTURE DEC25                     | S P 500 EMINI FUTURE DEC25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $19748.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                    | KENVUE INC                           | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    183784 | NS      | $2982814.32   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                       | DARDEN RESTAURANTS INC               | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     15590 | NS      | $2967712.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                  | REGIONS FINANCIAL CORP               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    113749 | NS      | $2999561.13   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                 | CONOCOPHILLIPS                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     28001 | NS      | $2648614.59   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                         | CVS HEALTH CORP                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     36403 | NS      | $2744422.17   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                      | T ROWE PRICE GROUP INC               | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     29257 | NS      | $3002938.48   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                          | GILEAD SCIENCES INC                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     29551 | NS      | $3280161.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                           | M T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     17211 | NS      | $3401237.82   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                   | BRISTOL MYERS SQUIBB CO              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     71883 | NS      | $3241923.30   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                 | LYONDELLBASELL INDUSTRIES NV         | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     39944 | NS      | $1958853.76   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                | PRINCIPAL FINANCIAL GROUP INC        | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     39916 | NS      | $3309435.56   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORPORATION                          | STARBUCKS CORP                       | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     30568 | NS      | $2586052.80   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                       | STATE STREET CORP                    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     28081 | NS      | $3257676.81   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                 | TEXAS INSTRUMENTS INC                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     11116 | NS      | $2042342.68   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                    | LOCKHEED MARTIN CORP                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      7501 | NS      | $3744574.21   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.                       | DIAMONDBACK ENERGY INC               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     15663 | NS      | $2241375.30   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                 | CME GROUP INC                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     19072 | NS      | $5153063.68   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX, INC.                                  | PAYCHEX INC                          | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     27550 | NS      | $3492238.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY, INC.                             | VIPER ENERGY INC                     | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64602 | NS      | $2469088.44   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON COMPANY                            | HALLIBURTON CO                       | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     97879 | NS      | $2407823.40   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                              | JOHNSON JOHNSON                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     26055 | NS      | $4831118.10   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger N.V.                              | SCHLUMBERGER LTD                     | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     68505 | NS      | $2354516.85   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                          | DOMINION ENERGY INC                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     68088 | NS      | $4164942.96   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                           | EDISON INTERNATIONAL                 | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     45020 | NS      | $2488705.60   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                    | PFIZER INC                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    152892 | NS      | $3895688.16   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                        | HP INC                               | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     88978 | NS      | $2422870.94   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                    | VERIZON COMMUNICATIONS INC           | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    102675 | NS      | $4512566.25   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    711890 | NS      | $711890.25    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                          | COCA COLA CO THE                     | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     77322 | NS      | $5127995.04   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                   | TRUIST FINANCIAL CORP                | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     67249 | NS      | $3074624.28   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                      | AT T INC                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    144163 | NS      | $4071163.12   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                  | PEPSICO INC                          | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     27702 | NS      | $3890468.88   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST             | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    711890 | NS      | $711890.25    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                | UNITEDHEALTH GROUP INC               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      5919 | NS      | $2043830.70   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                   | EVERGY INC                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     77999 | NS      | $5929483.98   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                        | DUKE ENERGY CORP                     | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     44005 | NS      | $5445618.75   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC.                          | WEC ENERGY GROUP                     | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     50915 | NS      | $5834349.85   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND           | HSBC US GOVT MMKT-I                  | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    711890 | NS      | $711890.25    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                      | CONSOLIDATED EDISON INC              | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     47305 | NS      | $4755098.60   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED   | PUBLIC SERVICE ENTERPRISE GROUP INC  | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     52741 | NS      | $4401763.86   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                         | SEMPRA ENERGY                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     35053 | NS      | $3154068.94   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                     | AMGEN INC                            | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     12631 | NS      | $3564468.20   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                             | FORD MOTOR CO                        | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    256552 | NS      | $3068361.92   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                            | ALLY FINANCIAL INC                   | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     67243 | NS      | $2635925.60   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                     | KIMBERLY CLARK CORP                  | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     37773 | NS      | $4696694.82   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND | GLDMN SCHS FIN SQ GV-FST             | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    711890 | NS      | $711890.25    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                           | SNAP ON INC                          | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     11342 | NS      | $3930343.26   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                       | DEVON ENERGY CORP                    | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     60328 | NS      | $2115099.68   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | EXXON MOBIL CORP                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     34274 | NS      | $3864393.50   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                            | COMCAST CORP                         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    103266 | NS      | $3244617.72   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORPORATION                       | HORMEL FOODS CORP                    | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |    147326 | NS      | $3644845.24   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                              | FIRSTENERGY CORP                     | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     99723 | NS      | $4569307.86   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                             | DTE ENERGY CO                        | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     38721 | NS      | $5476311.03   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC               | FIDELITY NATIONAL FINANCIAL          | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     58053 | NS      | $3511625.97   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                           | SOUTHERN CO                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     56594 | NS      | $5363413.38   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                | BUNGE GLOBAL SA                      | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     37242 | NS      | $3025912.50   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                   | MONDELEZ INTERNATIONAL INC           | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     68256 | NS      | $4263952.32   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                | ARCHER DANIELS MIDLAND CO            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     52720 | NS      | $3149492.80   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                      | VALERO ENERGY CORP                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     16101 | NS      | $2741356.26   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RESOURCES, INC.                       | FRANKLIN RESOURCES INC               | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    112880 | NS      | $2610914.40   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                             | OMNICOM GROUP INC                    | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     41107 | NS      | $3351453.71   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                            | COTERRA ENERCOTERRA ENERGY INC       | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    125799 | NS      | $2975146.35   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                            | FIFTH THIRD BANCORP                  | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     72542 | NS      | $3231746.10   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HERSHEY COMPANY                            | HERSHEY CO THE                       | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     17834 | NS      | $3335849.70   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                          | GENUINE PARTS CO                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     26849 | NS      | $3721271.40   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                             | TARGET CORP                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     28344 | NS      | $2542456.80   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE, INC.                                  | METLIFE INC                          | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     39460 | NS      | $3250320.20   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                     | PRUDENTIAL FINANCIAL INC             | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     30906 | NS      | $3206188.44   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO, INC.                                   | WATSCO INC                           | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      7377 | NS      | $2982521.10   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                   | PROCTER GAMBLE CO                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     31835 | NS      | $4891447.75   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MCCORMICK & COMPANY, INCORPORATED              | MCCORMICK CO INC                     | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     57646 | NS      | $3857093.86   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                    | PHILLIPS 66                          | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     18648 | NS      | $2536500.96   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN-FORMAN CORPORATION                       | BROWN FORMAN CORP CLASS B            | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     80009 | NS      | $2166643.72   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| TYSON FOODS, INCORPORATED                      | TYSON FOODS INC CLASS A              | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     75504 | NS      | $4099867.20   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                             | BEST BUY CO INC                      | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     28726 | NS      | $2172260.12   | 0.60%             |  |  |  | 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