# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-26-001293
**Filing Date:** 2026-2
**Character Count:** 38451
**Document Hash:** 7d0e2ebc7bc1f568136e0c3e11c50a53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001293.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001293

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**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:** 26694464

**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 International Free Cash Flow Growth ETF (Series ID: S000093319)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000261506 | VictoryShares International Free Cash Flow Growth ETF | GRIN            |

## 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 International Free Cash Flow Growth ETF

- **b. EDGAR series identifier (if any):** S000093319

- **c. LEI of Series:** 254900RL22F8ZCNOZE73

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $233779700.18

**Total Liabilities:** $127308.68

**Net Assets:** $233652391.50

**Cash Not Reported:** $759974.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261506 | 1.47%                | -0.89%               | 0.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-649.43                 | $2461347.55                                |
| Month 2  | $-35412.78               | $-1139549.36                               |
| Month 3  | $-632107.96              | $3160951.64                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Constellation Software Inc.                       | CONSTELLATION SOFTWARE INC CANADA            | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      1200 | NS      | $2886680.27   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LIMITED                                       | SEA LTD ADR                                  | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |     14114 | NS      | $1800522.98   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MONCLER S.P.A.                                    | MONCLER SPA                                  | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     22370 | NS      | $1443683.71   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| The Descartes Systems Group Inc.                  | DESCARTES SYSTEMS GROUP INC THE              | CUSIP: 249906108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7921 | NS      | $694354.86    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| argenx SE                                         | ARGENX SE                                    | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      3459 | NS      | $2913560.91   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                            | ASM INTERNATIONAL NV                         | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |      1053 | NS      | $640469.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corporation                              | LASERTEC CORP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     13300 | NS      | $2517421.15   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF Aktiengesellschaft                       | HOCHTIEF AG                                  | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |      8282 | NS      | $3279749.47   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                         | SAFRAN SA                                    | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     18201 | NS      | $6360800.24   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A. | RECORDATI SPA                                | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |     11137 | NS      | $635248.33    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC RESOURCES LTD                                 | ARC RESOURCES LTD                            | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     37957 | NS      | $712177.75    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB (publ)                               | EVOLUTION AB                                 | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |     42633 | NS      | $2917270.22   | 1.25%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CELESTICA INC.                                    | CELESTICA INC                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     11250 | NS      | $3325612.50   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S                           | VESTAS WIND SYSTEMS A S                      | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |    130380 | NS      | $3557496.77   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVA LTD                                          | NOVA LTD                                     | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      6061 | NS      | $1990371.79   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SAGE GROUP PLC.                               | THE SAGE GROUP PLC                           | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |    132831 | NS      | $1938759.74   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                   | ASTRAZENECA PLC                              | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     28926 | NS      | $5375869.81   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                       | HERMES INTERNATIONAL                         | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       490 | NS      | $1221847.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                        | BANDAI NAMCO HOLDINGS INC                    | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |    103200 | NS      | $2749012.90   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO., LTD.                                  | CAPCOM CO LTD                                | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |     15200 | NS      | $354330.23    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE PETROLIERE IMPERIALE LTEE               | IMPERIAL OIL LTD                             | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |     37382 | NS      | $3229931.19   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Indutrade Aktiebolag                              | INDUTRADE AB                                 | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |     32255 | NS      | $842480.04    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                          | NICE LTD                                     | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |     12916 | NS      | $1450501.16   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BOMBARDIER INC.                                   | BOMBARDIER INC                               | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |     29626 | NS      | $5040564.70   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                                     | NEMETSCHEK SE                                | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |      4803 | NS      | $523764.56    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil, S.A.                  | INDUSTRIA DE DISENO TEXTIL SA INDITEX        | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     22519 | NS      | $1490875.87   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena, S.M.E., S.A.                                | AENA SME SA                                  | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |     58762 | NS      | $1644802.92   | 0.70%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SHOPIFY INC.                                      | SHOPIFY INC                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      5479 | NS      | $881954.63    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WISETECH GLOBAL LIMITED                           | WISETECH GLOBAL LTD                          | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               | CORP              | AU        |     26194 | NS      | $1196451.32   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| THALES SA                                         | THALES SA                                    | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |     21246 | NS      | $5737236.40   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                                           | SPIE SA                                      | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |     54120 | NS      | $3132764.43   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MINI MSCI EAFE INDEX FUTURE MAR26                 | MINI MSCI EAFE INDEX FUTURE MAR26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $3686.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc Aktiebolag                                 | EPIROC AB                                    | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |     29470 | NS      | $672079.55    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                     | ON HOLDING AG                                | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |     16911 | NS      | $786023.28    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc.                                      | STANTEC INC                                  | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |      7856 | NS      | $741408.57    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WIX.COM LTD                                       | WIX COM LTD                                  | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     10681 | NS      | $1109649.09   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON SANSO HOLDINGS CORPORATION                 | NIPPON SANSO HOLDINGS CORP                   | CUSIP: N/A<br>LEI: 353800F1K6653B4VPY57       | Long             | EC               | CORP              | JP        |     22600 | NS      | $673584.47    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXT PLC                                          | NEXT PLC                                     | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |     18563 | NS      | $3422396.77   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCO CORPORATION                                 | DISCO CORP                                   | CUSIP: N/A<br>LEI: 529900X0YGDYM51H4Q86       | Long             | EC               | CORP              | JP        |      2100 | NS      | $645875.37    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS PUBLIC LIMITED COMPANY           | RYANAIR HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |    155966 | NS      | $5415804.30   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co.,Ltd.                         | RECRUIT HOLDINGS CO LTD                      | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     46300 | NS      | $2615349.89   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                                   | MONOTARO CO LTD                              | CUSIP: N/A<br>LEI: 5299005JUER5ANXWTC33       | Long             | EC               | CORP              | JP        |     23200 | NS      | $370397.14    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila Oyj Abp                                  | WARTSILA OYJ ABP                             | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |    110730 | NS      | $3955618.75   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                  | NOVO NORDISK                                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    134995 | NS      | $6909067.47   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc.                                  | LUNDIN GOLD INC                              | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     45072 | NS      | $3744614.86   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                       | PANDORA A S                                  | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |     21169 | NS      | $2357070.72   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco Aktiebolag                            | ATLAS COPCO AB                               | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     92108 | NS      | $1661744.85   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                    | RHEINMETALL AG                               | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      2820 | NS      | $5172822.24   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                        | AGNICO EAGLE MINES LTD                       | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     46199 | NS      | $7832116.47   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V.                        | UNIVERSAL MUSIC GROUP NV                     | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     54367 | NS      | $1420202.83   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| OTSUKA CORPORATION                                | OTSUKA CORPORATION                           | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |     39300 | NS      | $810992.21    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                                      | FERRARI NV                                   | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      4802 | NS      | $1798372.95   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AAK AB (publ)                                     | AAK AB                                       | CUSIP: N/A<br>LEI: 549300GK4LGIDDWJWL07       | Long             | EC               | CORP              | SE        |     20199 | NS      | $578938.95    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Limited                            | TOKYO ELECTRON LTD                           | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |     11500 | NS      | $2519984.68   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnologyOne Ltd                                 | TECHNOLOGY ONE LTD                           | CUSIP: N/A<br>LEI: 875500YEWBJIM91P9N12       | Long             | EC               | CORP              | AU        |     16030 | NS      | $299038.43    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO TRADER GROUP PLC                             | AUTO TRADER GROUP PLC                        | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |    188016 | NS      | $1485883.85   | 0.64%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Addtech AB                                        | ADDTECH AB                                   | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |     12729 | NS      | $452794.42    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                 | SIEMENS ENERGY AG                            | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     54136 | NS      | $7659284.36   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                         | PAN AMERICAN SILVER CORP                     | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     88118 | NS      | $4565393.58   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                         | CTS EVENTIM AG CO KGAA                       | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |      4556 | NS      | $420270.51    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                 | ASML HOLDING N V                             | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      5111 | NS      | $5533878.66   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DIPLOMA PLC                                       | DIPLOMA PLC                                  | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     17625 | NS      | $1257740.90   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                                     | ALFA LAVAL AB                                | CUSIP: N/A<br>LEI: 549300UCKT2UK88AG251       | Long             | EC               | CORP              | SE        |     20354 | NS      | $1029874.05   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                     | FUJIKURA LTD                                 | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |     35900 | NS      | $3997548.21   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GENMAB A/S                                        | GENMAB A S                                   | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      9321 | NS      | $2973039.65   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                             | KONGSBERG GRUPPEN ASA                        | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |     28113 | NS      | $721597.42    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORPORATION                          | KINROSS GOLD CORP                            | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    252236 | NS      | $7102965.76   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Co.,Ltd.                                     | OBIC CO LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     14300 | NS      | $449397.27    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                 | COMPASS GROUP PLC                            | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     76204 | NS      | $2427847.12   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanrio Company,Ltd.                               | SANRIO CO LTD                                | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125       | Long             | EC               | CORP              | JP        |     10800 | NS      | $339060.15    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDS CHINA LTD.                                  | SANDS CHINA LTD                              | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |    223686 | NS      | $563346.69    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC                 | INTERCONTINENTAL HOTELS GROUP PLC            | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      5821 | NS      | $820588.41    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                             | SCHNEIDER ELECTRIC SA                        | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      6218 | NS      | $1716363.53   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPUTERSHARE LIMITED                             | COMPUTERSHARE LTD                            | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |     30676 | NS      | $698744.76    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| D'IETEREN GROUP SA                                | D IETEREN GROUP                              | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |      2731 | NS      | $493896.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLUTION MINING LIMITED                          | EVOLUTION MINING LTD                         | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |    585845 | NS      | $4956308.11   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RATIONAL Aktiengesellschaft                       | RATIONAL AG                                  | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |      1403 | NS      | $1090593.90   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMOS GOLD INC.                                  | ALAMOS GOLD INC                              | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     94403 | NS      | $3642067.74   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                          | ROLLS ROYCE HOLDINGS PLC                     | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    572754 | NS      | $8876915.09   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANTEST CORPORATION                             | ADVANTEST CORP                               | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |     32700 | NS      | $4099505.17   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                              | STRAUMANN HOLDING AG                         | CUSIP: N/A<br>LEI: 50670046ML5FVIM60Z37       | Long             | EC               | CORP              | CH        |     12510 | NS      | $1476429.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Belimo Holding AG                                 | BELIMO HOLDING AG                            | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |      1083 | NS      | $1068093.19   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KONAMI GROUP CORPORATION                          | KONAMI GROUP CORP                            | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |     15000 | NS      | $2042842.55   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ASICS Corporation                                 | ASICS CORP                                   | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     52400 | NS      | $1256301.88   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                                    | TECHNIPFMC PLC                               | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     82343 | NS      | $3669204.08   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group, S.A.                            | AMADEUS IT GROUP SA                          | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |     26547 | NS      | $1960320.90   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FAST RETAILING CO., LTD.                          | FAST RETAILING CO LTD                        | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      3300 | NS      | $1199731.84   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                         | AIRBUS SE                                    | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |     23324 | NS      | $5437762.61   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPICUS.COM INC                                   | TOPICUS COM INC                              | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2992 | NS      | $277202.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC.                                    | DOLLARAMA INC                                | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     29577 | NS      | $4421033.07   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LIMITED                                  | BRAMBLES LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    142739 | NS      | $2186607.58   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB (publ)                | SWEDISH ORPHAN BIOVITRUM AB                  | CUSIP: N/A<br>LEI: 549300124Y3MQI87PT35       | Long             | EC               | CORP              | SE        |     21915 | NS      | $792415.39    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RIGHTMOVE PLC                                     | RIGHTMOVE PLC                                | CUSIP: N/A<br>LEI: 2138001JXGCFKBXYB828       | Long             | EC               | CORP              | GB        |     97336 | NS      | $681614.37    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| monday.com Ltd                                    | MONDAY COM LTD                               | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      6350 | NS      | $937006.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PUBLIC LIMITED COMPANY                      | HALMA PLC                                    | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |     53846 | NS      | $2567481.78   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                                   | PRO MEDICUS LTD                              | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |      2300 | NS      | $338938.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| XERO LIMITED                                      | XERO LTD                                     | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |     25765 | NS      | $1960051.57   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED     | ALIBABA HEALTH INFORMATION TECHNOLOGY LTD    | CUSIP: N/A<br>LEI: 529900GE9653COPX1I86       | Long             | EC               | CORP              | BM        |   1884826 | NS      | $1223048.03   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group, S.A.   | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |    549490 | NS      | $3066461.43   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumine Group Inc                                  | LUMINE GROUP INC                             | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Long             | EC               | CORP              | CA        |     23784 | NS      | $470342.29    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent, Inc.                                  | BAYCURRENT CONSULTING INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     12000 | NS      | $498020.69    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer