# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-26-004316
**Filing Date:** 2026-5
**Character Count:** 40772
**Document Hash:** 39a5b196f73ab549be19b60993f8b05e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004316.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004316

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**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:** 261033209

**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:** 2026-03-31

**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:** $235153730.57

**Total Liabilities:** $1766145.46

**Net Assets:** $233387585.11

**Cash Not Reported:** $1362473.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261506 | 5.32%                | 5.67%                | -11.74%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8369091.26              | $5043220.52                                |
| Month 2  | $1635.10                 | $13776679.32                               |
| Month 3  | $-11225053.43            | $-19891512.80                              |

### 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        |      1254 | NS      | $2201635.96   | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| SEA LIMITED                                       | SEA LTD ADR                                  | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |     25564 | NS      | $2116954.84   | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| MONCLER S.P.A.                                    | MONCLER SPA                                  | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     15959 | NS      | $948008.27    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| argenx SE                                         | ARGENX SE                                    | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      1384 | NS      | $992958.58    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| ASM International N.V.                            | ASM INTERNATIONAL NV                         | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |      2053 | NS      | $1511373.20   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Lasertec Corporation                              | LASERTEC CORP                                | CUSIP: N/A<br>LEI: 5299008UY0JUHZ3SAQ87       | Long             | EC               | CORP              | JP        |     13400 | NS      | $2816119.48   | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| HOCHTIEF Aktiengesellschaft                       | HOCHTIEF AG                                  | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |      6750 | NS      | $2986201.00   | 1.28%             |  |  |  | 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        |    406875 | NS      | $406875.00    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRST MAJESTIC SILVER CORP.                       | FIRST MAJESTIC SILVER CORP                   | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |    156995 | NS      | $3372252.60   | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO                                              | EURO                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |     32109 | NS      | $37108.05     | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| SAFRAN SA                                         | SAFRAN SA                                    | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      7411 | NS      | $2393021.22   | 1.03%             |  |  |  | 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        |     13337 | NS      | $755878.42    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution AB (publ)                               | EVOLUTION AB                                 | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |     26006 | NS      | $1608488.21   | 0.69%             |  |  |  | Yes           | 1                  | On Loan: No      |
| CELESTICA INC.                                    | CELESTICA INC                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     13416 | NS      | $3779018.88   | 1.62%             |  |  |  | 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        |    100693 | NS      | $2961925.34   | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO             | INVESCO GVT & AGNCY-INST                     | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    406875 | NS      | $406875.00    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| OceanaGold Corporation                            | OCEANAGOLD CORP                              | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |     96693 | NS      | $3049072.53   | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| NOVA LTD                                          | NOVA LTD                                     | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      4992 | NS      | $2167925.76   | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| THE SAGE GROUP PLC.                               | THE SAGE GROUP PLC                           | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |    121219 | NS      | $1344008.02   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| ASTRAZENECA PLC                                   | ASTRAZENECA PLC                              | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     17082 | NS      | $3320865.77   | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                       | HERMES INTERNATIONAL                         | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      1548 | NS      | $2878527.18   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Bandai Namco Holdings Inc.                        | BANDAI NAMCO HOLDINGS INC                    | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |     58400 | NS      | $1423106.69   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| IAMGOLD CORPORATION                               | IAMGOLD CORP                                 | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    252249 | NS      | $4747326.18   | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPCOM CO., LTD.                                  | CAPCOM CO LTD                                | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |     16400 | NS      | $346002.90    | 0.15%             |  |  |  | No            | 1                  | On Loan: —       |
| BARRICK MINING CORPORATION                        | BARRICK MINING CORP                          | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    171724 | NS      | $7004621.96   | 3.00%             |  |  |  | No            | 1                  | On Loan: No      |
| BOMBARDIER INC.                                   | BOMBARDIER INC                               | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |     27661 | NS      | $4892630.11   | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Nemetschek SE                                     | NEMETSCHEK SE                                | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |     10507 | NS      | $773502.10    | 0.33%             |  |  |  | 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        |     24996 | NS      | $1422433.25   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| SHOPIFY INC.                                      | SHOPIFY INC                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      9466 | NS      | $1122856.92   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Indra Sistemas, S.A.                              | INDRA SISTEMAS SA                            | CUSIP: N/A<br>LEI: 95980020140005308793       | Long             | EC               | CORP              | ES        |     23388 | NS      | $1276868.90   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Franco-Nevada Corporation                         | FRANCO NEVADA CORP                           | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     11390 | NS      | $2813899.50   | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| THALES SA                                         | THALES SA                                    | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |      3893 | NS      | $1134228.57   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| SPIE SA                                           | SPIE SA                                      | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |     15324 | NS      | $758691.01    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Epiroc Aktiebolag                                 | EPIROC AB                                    | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |     47458 | NS      | $1149144.19   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| On Holding AG                                     | ON HOLDING AG                                | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |     16648 | NS      | $566364.96    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| SAP SE                                            | SAP SE                                       | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     18432 | NS      | $3129230.77   | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                      | GAZTRANSPORT ET TECHNIGAZ SA                 | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |      5793 | NS      | $1360412.35   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| NEXT PLC                                          | NEXT PLC                                     | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |     15120 | NS      | $2536241.28   | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| SAIPEM S.P.A.                                     | SAIPEM SPA                                   | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               | CORP              | IT        |    436302 | NS      | $1973564.66   | 0.85%             |  |  |  | No            | 1                  | On Loan: —       |
| DISCO CORPORATION                                 | DISCO CORP                                   | CUSIP: N/A<br>LEI: 529900X0YGDYM51H4Q86       | Long             | EC               | CORP              | JP        |      6700 | NS      | $2585594.56   | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| RYANAIR HOLDINGS PUBLIC LIMITED COMPANY           | RYANAIR HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |     84512 | NS      | $2331385.72   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Recruit Holdings Co.,Ltd.                         | RECRUIT HOLDINGS CO LTD                      | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     46500 | NS      | $1912275.51   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Wartsila Oyj Abp                                  | WARTSILA OYJ ABP                             | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |    112032 | NS      | $4105647.56   | 1.76%             |  |  |  | No            | 1                  | On Loan: No      |
| NOVO NORDISK A/S                                  | NOVO NORDISK                                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     86244 | NS      | $3080571.69   | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Lundin Gold Inc.                                  | LUNDIN GOLD INC                              | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     42053 | NS      | $3214217.00   | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Copco Aktiebolag                            | ATLAS COPCO AB                               | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     73482 | NS      | $1267091.72   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Rheinmetall Aktiengesellschaft                    | RHEINMETALL AG                               | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      1103 | NS      | $1841350.20   | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                        | AGNICO EAGLE MINES LTD                       | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     32965 | NS      | $6691235.70   | 2.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Next Vision Stabilized Systems Ltd                | NEXT VISION STABILIZED SYSTEMS LTD           | CUSIP: N/A<br>LEI: 2549001OCAI48UYCZD40       | Long             | EC               | CORP              | IL        |     15377 | NS      | $1492770.07   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Music Group N.V.                        | UNIVERSAL MUSIC GROUP NV                     | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |    120052 | NS      | $2307998.59   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| OTSUKA CORPORATION                                | OTSUKA CORPORATION                           | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |     24100 | NS      | $458794.51    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ENDEAVOUR MINING PLC                              | ENDEAVOUR MINING PLC                         | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |     94028 | NS      | $5549870.70   | 2.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrari N.V.                                      | FERRARI NV                                   | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      5908 | NS      | $1973247.97   | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Tokyo Electron Limited                            | TOKYO ELECTRON LTD                           | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |     19000 | NS      | $4457558.76   | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| GILDAN ACTIVEWEAR INC.                            | GILDAN ACTIVEWEAR INC                        | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     19582 | NS      | $1089738.30   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Addtech AB                                        | ADDTECH AB                                   | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |      9908 | NS      | $332587.94    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Ajinomoto Co., Inc.                               | AJINOMOTO CO INC                             | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |     72300 | NS      | $2003296.36   | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Energy AG                                 | SIEMENS ENERGY AG                            | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     48891 | NS      | $8037565.59   | 3.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Pan American Silver Corp.                         | PAN AMERICAN SILVER CORP                     | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     66746 | NS      | $3646333.98   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| DANISH KRONER                                     | DANISH KRONER                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | DK        |    500517 | NS      | $77427.88     | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| CTS Eventim AG & Co. KGaA                         | CTS EVENTIM AG CO KGAA                       | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |     12707 | NS      | $729277.94    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding N.V.                                 | ASML HOLDING N V                             | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      5084 | NS      | $6575920.86   | 2.82%             |  |  |  | No            | 1                  | On Loan: No      |
| DIPLOMA PLC                                       | DIPLOMA PLC                                  | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     13117 | NS      | $1035465.84   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| SCREEN Holdings Co.,Ltd.                          | SCREEN HOLDINGS CO LTD                       | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |     27600 | NS      | $1554880.58   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Alfa Laval AB                                     | ALFA LAVAL AB                                | CUSIP: N/A<br>LEI: 549300UCKT2UK88AG251       | Long             | EC               | CORP              | SE        |     18110 | NS      | $971966.18    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Fujikura Ltd.                                     | FUJIKURA LTD                                 | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |    169800 | NS      | $4376343.81   | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| GENMAB A/S                                        | GENMAB A S                                   | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      3227 | NS      | $855135.28    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| KONGSBERG GRUPPEN ASA                             | KONGSBERG GRUPPEN ASA                        | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |     28100 | NS      | $1198639.45   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| KINROSS GOLD CORPORATION                          | KINROSS GOLD CORP                            | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    225805 | NS      | $6891568.60   | 2.95%             |  |  |  | No            | 1                  | On Loan: No      |
| OBIC Co.,Ltd.                                     | OBIC CO LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     18700 | NS      | $453918.96    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPASS GROUP PLC                                 | COMPASS GROUP PLC                            | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     56510 | NS      | $1559273.06   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Sanrio Company, Ltd.                              | SANRIO CO LTD                                | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125       | Long             | EC               | CORP              | JP        |     60000 | NS      | $370231.27    | 0.16%             |  |  |  | No            | 1                  | On Loan: —       |
| SANDS CHINA LTD.                                  | SANDS CHINA LTD                              | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |    230086 | NS      | $483881.92    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPUTERSHARE LIMITED                             | COMPUTERSHARE LTD                            | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |     72474 | NS      | $1419284.58   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| MSILF Government Portfolio                        | MSILF GOVERNMENT-INST                        | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    406875 | NS      | $406875.00    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| D'IETEREN GROUP SA                                | D IETEREN GROUP                              | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |      2403 | NS      | $439342.87    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| EVOLUTION MINING LIMITED                          | EVOLUTION MINING LTD                         | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |    405679 | NS      | $3531536.86   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| RATIONAL Aktiengesellschaft                       | RATIONAL AG                                  | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |       628 | NS      | $451433.06    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| ALAMOS GOLD INC.                                  | ALAMOS GOLD INC                              | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     53807 | NS      | $2390645.01   | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                          | ROLLS ROYCE HOLDINGS PLC                     | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    312356 | NS      | $4679366.78   | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nordex SE                                         | NORDEX SE                                    | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               | CORP              | DE        |     50411 | NS      | $2653149.20   | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Subsea 7 S.A.                                     | SUBSEA 7 SA                                  | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | LU        |     60668 | NS      | $1883452.93   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| ADVANTEST CORPORATION                             | ADVANTEST CORP                               | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |     42200 | NS      | $5406301.59   | 2.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Orion Oyj                                         | ORION OYJ                                    | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |     10582 | NS      | $852400.84    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Belimo Holding AG                                 | BELIMO HOLDING AG                            | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |       520 | NS      | $413385.04    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| KONAMI GROUP CORPORATION                          | KONAMI GROUP CORP                            | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |      5400 | NS      | $657943.16    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| ASICS Corporation                                 | ASICS CORP                                   | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     56300 | NS      | $1474464.68   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| UCB SA                                            | UCB SA                                       | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |      7883 | NS      | $2355024.39   | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| TECHNIPFMC PLC                                    | TECHNIPFMC PLC                               | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     95306 | NS      | $6588503.78   | 2.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Amadeus IT Group, S.A.                            | AMADEUS IT GROUP SA                          | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |     31803 | NS      | $1789212.79   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| FAST RETAILING CO., LTD.                          | FAST RETAILING CO LTD                        | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      6700 | NS      | $2602060.62   | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| CHUGAI PHARMACEUTICAL CO., LTD.                   | CHUGAI PHARMACEUTICAL COMPANY LTD            | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |     36800 | NS      | $1996879.45   | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC                 | INTERCONTINENTAL HOTELS GROUP PLC            | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      9428 | NS      | $1229411.20   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Airbus SE                                         | AIRBUS SE                                    | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |      6660 | NS      | $1237820.36   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| DOLLARAMA INC.                                    | DOLLARAMA INC                                | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     14057 | NS      | $1725466.68   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| MINI MSCI EAFE INDEX FUTURE JUN26                 | MINI MSCI EAFE INDEX FUTURE JUN26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        10 | NC      | $-914.88      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| BRAMBLES LIMITED                                  | BRAMBLES LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     91651 | NS      | $1428787.06   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Accelleron Industries AG                          | ACCELLERON INDUSTRIES AG                     | CUSIP: N/A<br>LEI: 254900KS0MD2PAARXD14       | Long             | EC               | CORP              | CH        |     16106 | NS      | $1435517.26   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| JAPANESE YEN                                      | JAPANESE YEN                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | JP        |        -1 | NS      | $-0.01        | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| HALMA PUBLIC LIMITED COMPANY                      | HALMA PLC                                    | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |     46427 | NS      | $2336003.78   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| DPM Metals Inc.                                   | DPM METALS INC                               | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     80546 | NS      | $2836395.92   | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| BABCOCK INTERNATIONAL GROUP PLC                   | BABCOCK INTERNATIONAL GROUP PLC              | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |    114664 | NS      | $1757221.29   | 0.75%             |  |  |  | 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        |    406875 | NS      | $406875.00    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Pro Medicus Ltd                                   | PRO MEDICUS LTD                              | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |      3987 | NS      | $321501.21    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| XERO LIMITED                                      | XERO LTD                                     | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |     16413 | NS      | $850482.56    | 0.36%             |  |  |  | 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        |    540826 | NS      | $321419.35    | 0.14%             |  |  |  | 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        |    263404 | NS      | $1223747.32   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Kioxia Holdings Corporation                       | KIOXIA HOLDINGS CORP                         | CUSIP: J3343A107<br>LEI: 35380080RTKRARNH4R73 | Long             | EC               | CORP              | JP        |     68700 | NS      | $8260104.61   | 3.54%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol D. Trevino

**Name of Signer:** Carol D. Trevino

**Title:** Treasurer