# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001683863-23-000190
**Filing Date:** 2023-1
**Character Count:** 11794
**Document Hash:** 4c4de2fa78a69e083e8e0a3047f7f2d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-000190.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001683863-23-000190

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**EFFECTIVENESS DATE**: 20230123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-181176
- **FILM NUMBER:** 23542652

**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 USAA Core Short-Term Bond ETF (Series ID: S000065159)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                  | Ticker Symbol | Class ID   |
| VictoryShares USAA Core Short-Term Bond ETF | USTB          | C000210928 |

---

### VictoryShares USAA Core Intermediate-Term Bond ETF (Series ID: S000065160)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                         | Ticker Symbol | Class ID   |
| VictoryShares USAA Core Intermediate-Term Bond ETF | UITB          | C000210929 |

---

### VictoryShares ESG Corporate Bond ETF (Series ID: S000073697)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| VictoryShares ESG Corporate Bond ETF | UCRD          | C000230773 |

---

### VictoryShares ESG Core Plus Bond ETF (Series ID: S000073698)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| VictoryShares ESG Core Plus Bond ETF | UBND          | C000230774 |

---

## Series and Classes Contracts Data

### VictoryShares USAA Core Short-Term Bond ETF (Series ID: S000065159)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000210928 | VictoryShares USAA Core Short-Term Bond ETF | USTB            |

### VictoryShares USAA Core Intermediate-Term Bond ETF (Series ID: S000065160)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000210929 | VictoryShares USAA Core Intermediate-Term Bond ETF | UITB            |

### VictoryShares ESG Corporate Bond ETF (Series ID: S000073697)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000230773 | VictoryShares ESG Corporate Bond ETF | UCRD            |

### VictoryShares ESG Core Plus Bond ETF (Series ID: S000073698)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000230774 | VictoryShares ESG Core Plus Bond ETF | UBND            |

**Victory Portfolios II**

**VictoryShares USAA Core Intermediate-Term Bond ETF (UITB)**

**Supplement dated January 23, 2023, to the Summary Prospectus and Prospectus each dated November 1, 2022**

Effective January 23, 2023, James F. Jackson, Jr., Senior Portfolio Manager and Head of Fixed Income Portfolio Management was named as co-Chief Investment Officer of USAA Investments, a Victory Capital Management Inc. Investment Franchise.

**The following disclosure replaces the section titled "Management of the Fund – Portfolio Managers" of the Summary Prospectus and Prospectus.**

---

| | | |
|:---|:---|:---|
| **Portfolio Managers**<br>| <br>**Title** | <br>**Tenure with the Fund** |
| &nbsp;&nbsp;Kurt Daum, J.D. | Senior Portfolio Manager | Since 2017 |
| &nbsp;&nbsp;Brian W. Smith, CFA, CPA | Senior Portfolio Manager | Since 2017 |
|  | Senior Portfolio Manager and co-Chief |  |
| &nbsp;&nbsp;John Spear, CFA | Investment Officer | Since 2017 |
|  | Senior Portfolio Manager, Head of Fixed |  |
|  | Income Portfolio Management, and co-Chief |  |
| &nbsp;&nbsp;James F. Jackson, Jr., CFA | Investment Officer | Since 2019 |
| R. Neal Graves, CFA, CPA | Senior Portfolio Manager | Since 2019 |

---

**The disclosure referencing James F. Jackson, Jr. under "Portfolio Management" on page 25 of the Prospectus is replaced with the following:**

**James F. Jackson, Jr.,** CFA, Victory Capital Senior Portfolio Manager, Head of Fixed Income Portfolio Management, and co-Chief Investment Officer–USAA Investments, a Victory Capital Investment Franchise, has co-managed the Fund since 2019. Mr. Jackson has 22 years of investment management experience including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan; B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

If you wish to obtain more information, please call the Victory Funds at 800-539-FUND (800-539-3863) or your financial advisor.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.**

------

**Victory Portfolios II**

**VictoryShares USAA Core Short-Term Bond ETF (USTB)**

**Supplement dated January 23, 2023, to the Summary Prospectus and Prospectus each dated November 1, 2022**

Effective January 23, 2023, James F. Jackson, Jr., Senior Portfolio Manager and Head of Fixed Income Portfolio Management was named as co-Chief Investment Officer of USAA Investments, a Victory Capital Management Inc. Investment Franchise.

**The following disclosure replaces the section titled "Management of the Fund – Portfolio Managers" of the Summary Prospectus and Prospectus.**

---

| | | |
|:---|:---|:---|
| **Portfolio Managers**<br>| <br>**Title** | <br>**Tenure with the Fund** |
| &nbsp;&nbsp;Brian W. Smith, CFA, CPA | Senior Portfolio Manager | Since 2017 |
| &nbsp;&nbsp;John Spear, CFA | Senior Portfolio Manager and co-Chief |  |
|  | Investment Officer | Since 2017 |
| &nbsp;&nbsp;Kurt Daum, J.D. | Senior Portfolio Manager | Since 2017 |
| &nbsp;&nbsp;James F. Jackson, Jr., CFA | Senior Portfolio Manager, Head of |  |
|  | Fixed Income Portfolio Management, |  |
|  | and co-Chief Investment Officer | Since 2019 |
| R. Neal Graves, CFA, CPA | Senior Portfolio Manager | Since 2019 |
| &nbsp;&nbsp;Douglas J. Rollwitz, CFA CPA | Portfolio Manager | Since November 2022 |

---

**The disclosure referencing James F. Jackson, Jr. under "Portfolio Management" on page 25 of the Prospectus is replaced with the following:**

**James F. Jackson, Jr.,** CFA, Victory Capital Senior Portfolio Manager, Head of Fixed Income Portfolio Management, and co-Chief Investment Officer–USAA Investments, a Victory Capital Investment Franchise, has co-managed the Fund since 2019. Mr. Jackson has 22 years of investment management experience including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan; B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

If you wish to obtain more information, please call the Victory Funds at 800-539-FUND (800-539-3863) or your financial advisor.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.**

------

**Victory Portfolios II**

**VictoryShares ESG Core Plus Bond ETF (UBND)**

**Supplement dated January 23, 2023, to the Summary Prospectus and Prospectus each dated November 1, 2022**

Effective January 23, 2023, James F. Jackson, Jr., Senior Portfolio Manager and Head of Fixed Income Portfolio Management was named as co-Chief Investment Officer of USAA Investments, a Victory Capital Management Inc. Investment Franchise.

**The following disclosure replaces the section titled "Management of the Fund – Portfolio Managers" of the Summary Prospectus and Prospectus.**

**Portfolio Managers**

---

| | | |
|:---|:---|:---|
|  | **Title** | **Tenure with the Fund** |
| &nbsp;&nbsp;Kurt Daum, J.D. | Senior Portfolio Manager | Since September 2021 |
| &nbsp;&nbsp;John Spear, CFA | Senior Portfolio Manager and co-Chief | Since September 2021 |
|  | Investment Officer |  |
| &nbsp;&nbsp;James F. Jackson, Jr., CFA | Senior Portfolio Manager, Head of | Since September 2021 |
|  | Fixed Income Portfolio Management, |  |
|  | and co-Chief Investment Officer |  |
| R. Neal Graves, CFA, CPA | Senior Portfolio Manager | Since September 2021 |

---

**The disclosure referencing James F. Jackson, Jr. under "Portfolio Management" on page 28 of the Prospectus is replaced with the following:**

**James F. Jackson, Jr.,** CFA, Victory Capital Senior Portfolio Manager, Head of Fixed Income Portfolio Management, and co-Chief Investment Officer–USAA Investments, a Victory Capital Investment Franchise, has co-managed the Fund since inception. Mr. Jackson has 22 years of investment management experience including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan; B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

If you wish to obtain more information, please call the Victory Funds at 800-539-FUND (800-539-3863) or your financial advisor.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.**

**Victory Portfolios II**

**VictoryShares ESG Corporate Bond ETF (UCRD)**

**Supplement dated January 23, 2023, to the Summary Prospectus and Prospectus each dated November 1, 2022**

Effective January 23, 2023, James F. Jackson, Jr., Senior Portfolio Manager and Head of Fixed Income Portfolio Management was named as co-Chief Investment Officer of USAA Investments, a Victory Capital Management Inc. Investment Franchise.

**The following disclosure replaces the section titled "Management of the Fund – Portfolio Managers" of the Summary Prospectus and Prospectus.**

**Portfolio Managers**

---

| | | |
|:---|:---|:---|
|  | **Title** | **Tenure with the Fund** |
| &nbsp;&nbsp;Kurt Daum, J.D. | Senior Portfolio Manager | Since September 2021 |
| &nbsp;&nbsp;John Spear, CFA | Senior Portfolio Manager and co-Chief | Since September 2021 |
|  | Investment Officer |  |
| &nbsp;&nbsp;James F. Jackson, Jr., CFA | Senior Portfolio Manager, Head of | Since September 2021 |
|  | Fixed Income Portfolio Management, |  |
|  | and co-Chief Investment Officer |  |
| R. Neal Graves, CFA, CPA | Senior Portfolio Manager | Since September 2021 |

---

**The disclosure referencing James F. Jackson, Jr. under "Portfolio Management" on page 28 of the Prospectus is replaced with the following:**

**James F. Jackson, Jr.,** CFA, Victory Capital Senior Portfolio Manager, Head of Fixed Income Portfolio Management, and co-Chief Investment Officer–USAA Investments, a Victory Capital Investment Franchise, has co-managed the Fund since inception. Mr. Jackson has 22 years of investment management experience including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan; B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

If you wish to obtain more information, please call the Victory Funds at 800-539-FUND (800-539-3863) or your financial advisor.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.**

------