# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-25-210050
**Filing Date:** 2025-8
**Character Count:** 42218
**Document Hash:** 7ea13f361ff8a8b4eae4205c3cee2501
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210050.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210050

**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:** 251268221

**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 EQ Income Enhanced Volatility Wtd ETF (Series ID: S000044753)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000139055 | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | CDC             |

## 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 EQ Income Enhanced Volatility Wtd ETF

- **b. EDGAR series identifier (if any):** S000044753

- **c. LEI of Series:** 549300DSJ7VCXV0QYG22

**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:** $733984121.17

**Total Liabilities:** $271673.24

**Net Assets:** $733712447.93

**Cash Not Reported:** $454895.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000139055 | -4.73%               | 1.13%                | 1.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $59992.98                | $-38935791.20                              |
| Month 2  | $733671.92               | $4521857.32                                |
| Month 3  | $787400.06               | $9801697.47                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KINDER MORGAN, INC.                                                                       | KINDER MORGAN INC                     | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    270977 | NS      | $7966723.80   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                                                                 | VALERO ENERGY CORP                    | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     42795 | NS      | $5752503.90   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                                                                        | TARGET CORP                           | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     36753 | NS      | $3625683.45   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                                                              | WILLIAMS COS INC                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    122162 | NS      | $7672995.22   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                          | PHILIP MORRIS INTERNATIONAL INC       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     45256 | NS      | $8242475.28   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORPORATION                                                                | NORTHERN TRUST CORP                   | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     68015 | NS      | $8623621.85   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                                                              | MONDELEZ INTERNATIONAL INC            | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    137089 | NS      | $9245282.16   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                                                                  | STATE STREET CORP                     | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     77394 | NS      | $8230077.96   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                                                      | EDISON INTERNATIONAL                  | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    107516 | NS      | $5547825.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                                                                       | ENTERGY CORP                          | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     74511 | NS      | $6193354.32   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, INC.                                                                               | ONEOK INC                             | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     71842 | NS      | $5864462.46   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC.                                                                     | BLUE OWL CAPITAL INC                  | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    227019 | NS      | $4361034.99   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger N.V.                                                                         | SCHLUMBERGER LTD                      | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    147173 | NS      | $4974447.40   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HERSHEY COMPANY                                                                       | HERSHEY CO THE                        | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     38190 | NS      | $6337630.50   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                                                        | HUNTINGTON BANCSHARES INC OH          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    385702 | NS      | $6464365.52   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                                                                        | FORD MOTOR CO                         | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    495000 | NS      | $5370750.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                                                                       | EOG RESOURCES INC                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     60513 | NS      | $7237959.93   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                                                                       | ALLY FINANCIAL INC                    | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    133294 | NS      | $5191801.30   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                                             | REGIONS FINANCIAL CORP                | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    278768 | NS      | $6556623.36   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                                                                 | T ROWE PRICE GROUP INC                | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     73395 | NS      | $7082617.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CAMPBELL'S COMPANY                                                                    | THE CAMPBELL S COMPANY                | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |    192626 | NS      | $5903986.90   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                                                           | ARCHER DANIELS MIDLAND CO             | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    158118 | NS      | $8345468.04   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                                                                        | CLOROX COMPANY                        | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     53820 | NS      | $6462167.40   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                                                       | CHEVRON CORP                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55243 | NS      | $7910245.17   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                            | CITIZENS FINANCIAL GROUP INC          | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    124270 | NS      | $5561082.50   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                                                                    | CMS ENERGY CORP                       | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    153316 | NS      | $10621732.48  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                                                                       | GENERAL MILLS INC                     | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |    144718 | NS      | $7497839.58   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                                                                         | FIRSTENERGY CORP                      | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    236654 | NS      | $9527690.04   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                                                                     | KEURIG DR PEPPER INC                  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    284224 | NS      | $9396445.44   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                                                       | FIFTH THIRD BANCORP                   | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    170843 | NS      | $7026772.59   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                                                            | TEXAS INSTRUMENTS INC                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     28830 | NS      | $5985684.60   | 0.82%             |  |  |  | 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        |        13 | NC      | $112847.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                                                           | PRINCIPAL FINANCIAL GROUP INC         | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     86065 | NS      | $6836142.95   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                                                     | AMERICAN ELECTRIC POWER CO INC        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     93657 | NS      | $9717850.32   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                                                                      | CONAGRA BRANDS INC                    | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    297737 | NS      | $6094676.39   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                                                                | AMGEN INC                             | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     23493 | NS      | $6559480.53   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                                                               | INTERNATIONAL PAPER CO                | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    111925 | NS      | $5241447.75   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK & DECKER, INC.                                                              | STANLEY BLACK DECKER INC              | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     63596 | NS      | $4308629.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                                                               | KENVUE INC                            | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    269069 | NS      | $5631614.17   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                                                               | UNITED PARCEL SERVICE INC             | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     49445 | NS      | $4990978.30   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                                                            | LYONDELLBASELL INDUSTRIES NV          | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |    118152 | NS      | $6836274.72   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                                                                        | BEST BUY CO INC                       | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     63465 | NS      | $4260405.45   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                                                    | SEMPRA ENERGY                         | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     79249 | NS      | $6004696.73   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                                                                | ALLIANT ENERGY CORP                   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    157249 | NS      | $9508847.03   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                                                                   | KRAFT HEINZ CO THE                    | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    281968 | NS      | $7280413.76   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                                                              | EVERGY INC                            | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    188802 | NS      | $13014121.86  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                                                            | CONOCOPHILLIPS                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     73106 | NS      | $6560532.44   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                                                       | COMCAST CORP                          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    179958 | NS      | $6422701.02   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                                                             | PEPSICO INC                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     64499 | NS      | $8516447.96   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORPORATION                                                                | DOLLAR GENERAL CORP                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     51059 | NS      | $5840128.42   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORPORATION                                                                  | HORMEL FOODS CORP                     | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |    299701 | NS      | $9065955.25   | 1.24%             |  |  |  | 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        |     39535 | NS      | $7370114.70   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                                                                          | XCEL ENERGY INC                       | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    132911 | NS      | $9051239.10   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                                                     | DOMINION ENERGY INC                   | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    144679 | NS      | $8177257.08   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                                   | EXXON MOBIL CORP                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     78230 | NS      | $8433194.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                                                               | PHILLIPS 66                           | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     50083 | NS      | $5974901.90   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                                                          | MEDTRONIC PLC                         | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     96076 | NS      | $8374944.92   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                                  | DEVON ENERGY CORP                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    163694 | NS      | $5207106.14   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                                                               | PFIZER INC                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    310051 | NS      | $7515636.24   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                                        | DTE ENERGY CO                         | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     76400 | NS      | $10119944.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                                                                  | DARDEN RESTAURANTS INC                | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     28702 | NS      | $6256174.94   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                                            | MORGAN STANLEY                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     46328 | NS      | $6525762.08   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                                                                      | NEXTERA ENERGY INC                    | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     93735 | NS      | $6507083.70   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                                                                   | HP INC                                | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    194813 | NS      | $4765125.98   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                                         | JOHNSON JOHNSON                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     65308 | NS      | $9975797.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CARLYLE GROUP INC.                                                                    | CARLYLE GROUP INC                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     99016 | NS      | $5089422.40   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                                               | LOCKHEED MARTIN CORP                  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     17586 | NS      | $8144780.04   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                                                                        | EXELON CORP                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    221735 | NS      | $9627733.70   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC.                                                                     | WEC ENERGY GROUP                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    103293 | NS      | $10763130.60  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                                                                        | OMNICOM GROUP INC                     | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     86822 | NS      | $6245974.68   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                                                                   | DUKE ENERGY CORP                      | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     89514 | NS      | $10562652.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                                                                     | COCA COLA CO THE                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    159001 | NS      | $11249320.75  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                                                                    | CVS HEALTH CORP                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     67110 | NS      | $4629247.80   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED                                                         | MICROCHIP TECHNOLOGY INC              | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     70562 | NS      | $4965447.94   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                                                                       | COTERRA ENERCOTERRA ENERGY INC        | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    254654 | NS      | $6463118.52   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                                                            | CITIGROUP INC                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     74565 | NS      | $6346972.80   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                                                                         | SYSCO CORP                            | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    115616 | NS      | $8756755.84   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC.                                                                              | OVINTIV INC                           | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    121890 | NS      | $4637914.50   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW INC.                                                                                  | DOW INC                               | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    198471 | NS      | $5255512.08   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                               | VERIZON COMMUNICATIONS INC            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    201570 | NS      | $8721933.90   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                                                            | CME GROUP INC                         | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     43003 | NS      | $11852486.86  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                                                              | TRUIST FINANCIAL CORP                 | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    140692 | NS      | $6048349.08   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. BANCORP                                                                              | US BANCORP                            | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    145825 | NS      | $6598581.25   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                                                         | EVERSOURCE ENERGY                     | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    131011 | NS      | $8334919.82   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                                                                 | AT T INC                              | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    306432 | NS      | $8868142.08   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                                                     | GILEAD SCIENCES INC                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     61238 | NS      | $6789457.06   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                                                                      | M T BANK CORP                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     33987 | NS      | $6593138.13   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED                                              | PUBLIC SERVICE ENTERPRISE GROUP INC   | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    101227 | NS      | $8521288.86   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                                                                 | CONSOLIDATED EDISON INC               | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     98298 | NS      | $9864204.30   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY                                        | SEAGATE TECHNOLOGY HOLD               | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     56352 | NS      | $8133284.16   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust: Federated Treasury Obligations Fund; Institutional Shares | FEDERATED HERMES TREASURY OBLIGATIONS | CUSIP: 60934N500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3650551 | NS      | $3650551.08   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY                                                             | MOLSON COORS BEVERAGE CO              | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |    110807 | NS      | $5328708.63   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                                                                | PRUDENTIAL FINANCIAL INC              | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     61751 | NS      | $6634527.44   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                                                                     | GENUINE PARTS CO                      | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     41939 | NS      | $5087620.09   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                                                           | PPL CORP                              | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    313744 | NS      | $10632784.16  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                                                                | KIMBERLY CLARK CORP                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     69583 | NS      | $8970640.36   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                                                               | ABBVIE INC                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     32317 | NS      | $5998681.54   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                                        | ALTRIA GROUP INC                      | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    164206 | NS      | $9627397.78   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC.                                                         | FIDELITY NATIONAL FINANCIAL           | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    130147 | NS      | $7296040.82   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INCORPORATED                                                                 | TYSON FOODS INC CLASS A               | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    136774 | NS      | $7651137.56   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                                                                      | SOUTHERN CO                           | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    111696 | NS      | $10257043.68  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                                                         | MERCK CO INC                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     75460 | NS      | $5973413.60   | 0.81%             |  |  |  | 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