# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-25-002169
**Filing Date:** 2025-11
**Character Count:** 43731
**Document Hash:** 3cb6781af0bcec4e050555ed246e02ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002169.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002169

**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:** 251520101

**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:** 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 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:** 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:** $744220348.64

**Total Liabilities:** $3623890.31

**Net Assets:** $740596458.33

**Cash Not Reported:** $715878.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000139055 | 1.52%                | 2.94%                | 0.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $944366.84               | $8812268.04                                |
| Month 2  | $1041144.20              | $17800938.35                               |
| Month 3  | $8494214.46              | $-4238444.70                               |

### 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        |    272687 | NS      | $7719768.97   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                                                                 | VALERO ENERGY CORP                    | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     32947 | NS      | $5609556.22   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                                                                        | TARGET CORP                           | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     58000 | NS      | $5202600.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                                                              | WILLIAMS COS INC                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    122310 | NS      | $7748338.50   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                          | PHILIP MORRIS INTERNATIONAL INC       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     44101 | NS      | $7153182.20   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE, INC.                                                                             | METLIFE INC                           | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     80744 | NS      | $6650883.28   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                                                              | MONDELEZ INTERNATIONAL INC            | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    139668 | NS      | $8725059.96   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                                                                  | STATE STREET CORP                     | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     57459 | NS      | $6665818.59   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                                                      | EDISON INTERNATIONAL                  | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     92122 | NS      | $5092504.16   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, INC.                                                                               | ONEOK INC                             | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     78199 | NS      | $5706181.03   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC.                                                                     | BLUE OWL CAPITAL INC                  | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    229855 | NS      | $3891445.15   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Schlumberger N.V.                                                                         | SCHLUMBERGER LTD                      | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    140179 | NS      | $4817952.23   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HERSHEY COMPANY                                                                       | HERSHEY CO THE                        | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     36493 | NS      | $6826015.65   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                                                        | HUNTINGTON BANCSHARES INC OH          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    349191 | NS      | $6030528.57   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                                                                        | FORD MOTOR CO                         | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    524967 | NS      | $6278605.32   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                                                                       | EOG RESOURCES INC                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     52700 | NS      | $5908724.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC.                                                                       | ALLY FINANCIAL INC                    | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    137596 | NS      | $5393763.20   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                                             | REGIONS FINANCIAL CORP                | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    232757 | NS      | $6137802.09   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY, INC.                                                                        | VIPER ENERGY INC                      | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    132193 | NS      | $5052416.46   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO, INC.                                                                              | WATSCO INC                            | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     15095 | NS      | $6102908.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MCCORMICK & COMPANY, INCORPORATED                                                         | MCCORMICK CO INC                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    117958 | NS      | $7892569.78   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                                                                 | T ROWE PRICE GROUP INC                | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     59866 | NS      | $6144646.24   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION                                               | INTERNATIONAL BUSINESS MACHINES CORP  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     26350 | NS      | $7434916.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                                                           | BUNGE GLOBAL SA                       | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     76206 | NS      | $6191737.50   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.                                                           | ARCHER DANIELS MIDLAND CO             | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    107877 | NS      | $6444571.98   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                                                                        | CLOROX COMPANY                        | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     74348 | NS      | $9167108.40   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                                                       | CHEVRON CORP                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46578 | NS      | $7233097.62   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                            | CITIZENS FINANCIAL GROUP INC          | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    111817 | NS      | $5944191.72   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                                                                    | CMS ENERGY CORP                       | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    155047 | NS      | $11358743.22  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                                                                       | GENERAL MILLS INC                     | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |    169673 | NS      | $8554912.66   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                                                                         | FIRSTENERGY CORP                      | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    204057 | NS      | $9349891.74   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                                                                     | KEURIG DR PEPPER INC                  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    268463 | NS      | $6848491.13   | 0.92%             |  |  |  | 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        |        10 | NC      | $41535.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                                                       | FIFTH THIRD BANCORP                   | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    148438 | NS      | $6612912.90   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                                                            | TEXAS INSTRUMENTS INC                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     22747 | NS      | $4179306.31   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GROUP, INC.                                                           | PRINCIPAL FINANCIAL GROUP INC         | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     81677 | NS      | $6771840.07   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                                                     | AMERICAN ELECTRIC POWER CO INC        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     92013 | NS      | $10351462.50  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                                                                | AMGEN INC                             | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     25846 | NS      | $7293741.20   | 0.98%             |  |  |  | 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        |    839990 | NS      | $839989.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                           | UNITEDHEALTH GROUP INC                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     12111 | NS      | $4181928.30   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                                                               | KENVUE INC                            | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    376067 | NS      | $6103567.41   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                                                               | UNITED PARCEL SERVICE INC             | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     65952 | NS      | $5508970.56   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                                                            | LYONDELLBASELL INDUSTRIES NV          | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     81735 | NS      | $4008284.40   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                                                                        | BEST BUY CO INC                       | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     58780 | NS      | $4444943.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                                                    | SEMPRA ENERGY                         | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     71726 | NS      | $6453905.48   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                                                                | ALLIANT ENERGY CORP                   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    159095 | NS      | $10724593.95  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                                              | BRISTOL MYERS SQUIBB CO               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    147090 | NS      | $6633759.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX, INC.                                                                             | PAYCHEX INC                           | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     56374 | NS      | $7145968.24   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                                                              | EVERGY INC                            | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    159605 | NS      | $12133172.10  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                                                            | CONOCOPHILLIPS                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     57297 | NS      | $5419723.23   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                                                       | COMCAST CORP                          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    211307 | NS      | $6639265.94   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                                     | INVESCO GVT & AGNCY-INST              | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    839990 | NS      | $839989.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                                                             | PEPSICO INC                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     56685 | NS      | $7960841.40   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORPORATION                                                                  | HORMEL FOODS CORP                     | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |    301465 | NS      | $7458244.10   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                                                                      | SNAP ON INC                           | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     23207 | NS      | $8041921.71   | 1.09%             |  |  |  | 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        |     35940 | NS      | $7221424.20   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                                                                          | XCEL ENERGY INC                       | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    133823 | NS      | $10792824.95  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                                                              | PROCTER GAMBLE CO                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     65149 | NS      | $10010143.85  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RESOURCES, INC.                                                                  | FRANKLIN RESOURCES INC                | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    230981 | NS      | $5342590.53   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.                                                                  | DIAMONDBACK ENERGY INC                | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     32050 | NS      | $4586355.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                                                     | DOMINION ENERGY INC                   | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    139325 | NS      | $8522510.25   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                                   | EXXON MOBIL CORP                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     70133 | NS      | $7907495.75   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                                                               | PHILLIPS 66                           | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     38159 | NS      | $5190387.18   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                                                          | MEDTRONIC PLC                         | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     93136 | NS      | $8870272.64   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                                  | DEVON ENERGY CORP                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    123446 | NS      | $4328016.76   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                                                               | PFIZER INC                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    312854 | NS      | $7971519.92   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                                        | DTE ENERGY CO                         | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     79233 | NS      | $11205923.19  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                                                                  | DARDEN RESTAURANTS INC                | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     31902 | NS      | $6072864.72   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                                                                | MSILF GOVERNMENT-INST                 | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    839990 | NS      | $839989.86    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON COMPANY                                                                       | HALLIBURTON CO                        | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    200285 | NS      | $4927011.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                                                                      | NEXTERA ENERGY INC                    | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     91900 | NS      | $6937531.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                                                                   | HP INC                                | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    182070 | NS      | $4957766.10   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                                         | JOHNSON JOHNSON                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     53315 | NS      | $9885667.30   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                                               | LOCKHEED MARTIN CORP                  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     15348 | NS      | $7661875.08   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                                                                        | EXELON CORP                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    227834 | NS      | $10254808.34  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC.                                                                     | WEC ENERGY GROUP                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    104185 | NS      | $11938559.15  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                                                                        | OMNICOM GROUP INC                     | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     84115 | NS      | $6857895.95   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                                                                   | DUKE ENERGY CORP                      | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     90044 | NS      | $11142945.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                                                                     | COCA COLA CO THE                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    158219 | NS      | $10493084.08  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                                                                    | CVS HEALTH CORP                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     74489 | NS      | $5615725.71   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                                                                       | COTERRA ENERCOTERRA ENERGY INC        | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    257415 | NS      | $6087864.75   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                                                                         | SYSCO CORP                            | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    113430 | NS      | $9339826.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                               | VERIZON COMMUNICATIONS INC            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    210098 | NS      | $9233807.10   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                                                            | CME GROUP INC                         | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     39025 | NS      | $10544164.75  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                                                              | TRUIST FINANCIAL CORP                 | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    137607 | NS      | $6291392.04   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN-FORMAN CORPORATION                                                                  | BROWN FORMAN CORP CLASS B             | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |    163719 | NS      | $4433510.52   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| STARBUCKS CORPORATION                                                                     | STARBUCKS CORP                        | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     62550 | NS      | $5291730.00   | 0.71%             |  |  |  | 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        |    839990 | NS      | $839989.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. BANCORP                                                                              | US BANCORP                            | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    138108 | NS      | $6674759.64   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                                                         | EVERSOURCE ENERGY                     | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    121136 | NS      | $8617615.04   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                                                                 | AT T INC                              | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    294991 | NS      | $8330545.84   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                                                     | GILEAD SCIENCES INC                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     60468 | NS      | $6711948.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                                                                      | M T BANK CORP                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     35217 | NS      | $6959583.54   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED                                              | PUBLIC SERVICE ENTERPRISE GROUP INC   | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    107922 | NS      | $9007170.12   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                                                                 | CONSOLIDATED EDISON INC               | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     96798 | NS      | $9730134.96   | 1.31%             |  |  |  | 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        |   2947313 | NS      | $2947313.01   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                                                                | PRUDENTIAL FINANCIAL INC              | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     63240 | NS      | $6560517.60   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                                                                     | GENUINE PARTS CO                      | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     54939 | NS      | $7614545.40   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                                                           | PPL CORP                              | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    291685 | NS      | $10839014.60  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                                                                | KIMBERLY CLARK CORP                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     77292 | NS      | $9610487.28   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                                                               | ABBVIE INC                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     36229 | NS      | $8388462.66   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                                        | ALTRIA GROUP INC                      | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    152847 | NS      | $10097072.82  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC                                                          | FIDELITY NATIONAL FINANCIAL           | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    118790 | NS      | $7185607.10   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INCORPORATED                                                                 | TYSON FOODS INC CLASS A               | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    154500 | NS      | $8389350.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                                                                      | SOUTHERN CO                           | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    115804 | NS      | $10974745.08  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                                                         | MERCK CO INC                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     80169 | NS      | $6728584.17   | 0.91%             |  |  |  | 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