# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-26-004312
**Filing Date:** 2026-5
**Character Count:** 39228
**Document Hash:** 11de801ff536a5fcbe56baddcb279b6c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004312.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004312

**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:** 261033200

**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 Small Cap High Div Volatility Wtd ETF (Series ID: S000049908)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000157589 | VictoryShares US Small Cap High Div Volatility Wtd ETF | CSB             |

## 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 Small Cap High Div Volatility Wtd ETF

- **b. EDGAR series identifier (if any):** S000049908

- **c. LEI of Series:** 549300GMUN0Q3JBDN646

**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:** $260310418.74

**Total Liabilities:** $6932959.69

**Net Assets:** $253377459.05

**Cash Not Reported:** $832409.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000157589 | 5.86%                | 2.03%                | -1.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-105521.47              | $14123860.68                               |
| Month 2  | $1186789.05              | $3227593.95                                |
| Month 3  | $-4857766.46             | $-838119.20                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| THOR INDUSTRIES, INC.                          | THOR INDUSTRIES INC                       | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     21204 | NS      | $1693987.56   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                              | H R BLOCK INC                             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     77074 | NS      | $2446328.76   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GREIF, INC.                                    | GREIF INC CL A                            | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     43161 | NS      | $2894808.27   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THE MARZETTI COMPANY                           | MARZETTI CO                               | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     18434 | NS      | $2549975.22   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SCOTTS MIRACLE-GRO COMPANY                 | SCOTTS COMPANY CLASS A                    | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     37020 | NS      | $2251186.20   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL BANCORP.                       | FIRST FINANCIAL BANCORP                   | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     97679 | NS      | $2723290.52   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET, INC.                                    | AVNET INC                                 | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     38284 | NS      | $2359060.08   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INTERSTATE BANCSYSTEM, INC.              | FIRST INTERSTATE BANCSYS A                | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     70794 | NS      | $2364519.60   | 0.93%             |  |  |  | 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        |   1709216 | NS      | $1709215.64   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSSELL 2000 MINI INDEX FUTURE JUN26           | RUSSELL 2000 MINI INDEX FUTURE JUN26      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $-231.71      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| THE GAP, INC.                                  | GAP INC                                   | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     69401 | NS      | $1679504.20   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERPARFUMS INC                               | INTERPARFUMS INC                          | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25979 | NS      | $2359932.36   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM HOLDINGS INC.                        | SIRIUS XM HOLDINGS INC                    | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97033 | NS      | $2239521.64   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAR CORPORATION                               | LEAR CORP                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     18410 | NS      | $2229082.80   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD, INC.                                   | LAZARD INC                                | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     45627 | NS      | $1938234.96   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CHORD ENERGY CORPORATION                       | CHORD ENERGY CORP                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     20085 | NS      | $2855685.30   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORPORATION                     | MERITAGE CORPORATION                      | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     25868 | NS      | $1599677.12   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS HOLDINGS, INC.                   | SOUTHWEST GAS HOLDINGS INC                | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     48670 | NS      | $4229423.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF GOVERNMENT-INST                     | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1709216 | NS      | $1709215.63   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSOCIATED BANC-CORP                           | ASSOCIATED BANC CORP                      | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    102707 | NS      | $2656003.02   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands, Inc.                           | KONTOOR BRANDS INC                        | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     26709 | NS      | $1877375.61   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA BANKING SYSTEM, INC.                  | COLUMBIA BANKING SYSTEM INC               | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     81947 | NS      | $2247806.21   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC INDUSTRIAL DIRECT CO., INC.                | MSC INDUSTRIAL DIRECT CO INC              | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     31395 | NS      | $2896816.65   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS, INC.                    | INTERNATIONAL SEAWAYS INC                 | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     28262 | NS      | $2059734.56   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MOELIS & COMPANY                               | MOELIS CO CLASS A                         | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     36747 | NS      | $2094579.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTEX CORPORATION                             | GENTEX CORP                               | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    101922 | NS      | $2226995.70   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL AND GAS, INC.                     | NORTHERN OIL AND GAS INC                  | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     59696 | NS      | $1744914.08   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF HAWAII CORPORATION                     | BANK OF HAWAII CORP                       | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     38811 | NS      | $2881716.75   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY, INC.                               | MGE ENERGY INC                            | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51112 | NS      | $3950446.48   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RESOURCES GROUP, INC.                      | MDU RESOURCES GROUP INC                   | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |    167258 | NS      | $3465585.76   | 1.37%             |  |  |  | No            |                  1 | On Loan: —       |
| First BanCorp.                                 | FIRST BANCORP PUERTO RICO                 | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    137323 | NS      | $2933219.28   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY                      | MATADOR RESOURCES CO                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     37644 | NS      | $2378347.92   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| FULTON FINANCIAL CORPORATION                   | FULTON FINANCIAL CORP                     | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    131197 | NS      | $2668546.98   | 1.05%             |  |  |  | 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        |   1709216 | NS      | $1709215.64   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                      | WESTERN UNION CO                          | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    249785 | NS      | $2180623.05   | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| UNITED BANKSHARES, INC.                        | UNITED BANKSHARES INC                     | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     72874 | NS      | $3018441.08   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISER ALUMINUM CORPORATION                    | KAISER ALUMINUM CORP                      | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13202 | NS      | $1590973.02   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC.         | ARTISAN PARTNERS ASSET MA A               | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     76833 | NS      | $2795952.87   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISTA CORPORATION                             | AVISTA CORP                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    106884 | NS      | $4290323.76   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| VAIL RESORTS, INC.                             | VAIL RESORTS INC                          | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     17326 | NS      | $2223272.32   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc.                                     | SPIRE INC                                 | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     47610 | NS      | $4310609.40   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BUCKLE, INC.                               | BUCKLE INC THE                            | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     50976 | NS      | $2567151.36   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CRESCENT ENERGY COMPANY                        | CRESCENT ENERGY INC                       | CUSIP: 44952J104<br>LEI: 254900FBNP5A21Q39U97 | Long             | EC               | CORP              | US        |    125176 | NS      | $1689876.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MACY'S, INC.                                   | MACY S INC                                | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     79559 | NS      | $1439222.31   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OZK                                       | BANK OZK                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     62393 | NS      | $2863214.77   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORPORATION                          | WHIRLPOOL CORP                            | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     24799 | NS      | $1337162.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UWM HOLDINGS CORPORATION                       | UWM HOLDINGS CORP                         | CUSIP: 91823B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    302442 | NS      | $1094840.04   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| APA CORPORATION                                | APA CORP                                  | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     55541 | NS      | $2357160.04   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM INDUSTRIES INCORPORATED                    | ABM INDUSTRIES INC                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     60971 | NS      | $2348602.92   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION               | CALIFORNIA RESOURCES CORP                 | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     39023 | NS      | $2701172.06   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, INC.                                  | IDACORP INC                               | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     34555 | NS      | $4940328.35   | 1.95%             |  |  |  | No            |                  1 | On Loan: —       |
| KODIAK GAS SERVICES, INC.                      | KODIAK GAS SERVICES INC                   | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40255 | NS      | $2347671.60   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| IRIDIUM COMMUNICATIONS INC.                    | IRIDIUM COMMUNICATIONS INC                | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     52546 | NS      | $1457626.04   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE GAS, INC.                                  | ONE GAS INC                               | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     53138 | NS      | $4576775.94   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY INDUSTRIES, INC.                       | TRINITY INDUSTRIES INC                    | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     70358 | NS      | $2264120.44   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC COMPANY              | PORTLAND GENERAL ELECTRIC CO              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     78837 | NS      | $4160228.49   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY              | GRAPHIC PACKAGING HOLDING CO              | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155312 | NS      | $1543801.28   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| STEVEN MADDEN, LTD.                            | STEVEN MADDEN LTD                         | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     45015 | NS      | $1526908.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS, INC.                 | WYNDHAM HOTELS RESORTS INC                | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     31337 | NS      | $2545504.51   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBERT HALF INC.                               | ROBERT HALF INC                           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     59881 | NS      | $1520977.40   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                        | BLACK HILLS CORP                          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     55627 | NS      | $3861070.07   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HAWAIIAN, INC.                           | FIRST HAWAIIAN INC                        | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    120410 | NS      | $2966902.40   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KINETIK HOLDINGS INC.                          | KINETIK HOLDINGS INC                      | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43321 | NS      | $2097169.61   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| LEVI STRAUSS & CO.                             | LEVI STRAUSS CO                           | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     96394 | NS      | $1782325.06   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC.    | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     58231 | NS      | $2139989.25   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST NATURAL HOLDING COMPANY              | NORTHWEST NATURAL HOLDING CO              | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     76894 | NS      | $4092298.68   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SONOCO PRODUCTS COMPANY                        | SONOCO PRODUCTS CO                        | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |     50880 | NS      | $2752099.20   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PROVIDENT FINANCIAL SERVICES, INC.             | PROVIDENT FINANCIAL SVCS                  | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |    123137 | NS      | $2605578.92   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SM ENERGY COMPANY                              | SM ENERGY CO                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     68445 | NS      | $2134115.10   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                   | LINCOLN NATIONAL CORP                     | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     62907 | NS      | $2233198.50   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORPORATION                         | MURPHY OIL CORP                           | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     47820 | NS      | $1972575.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CAL-MAINE FOODS, INC.                          | CAL MAINE FOODS INC                       | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     24993 | NS      | $1978195.95   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN HOLDINGS, INC.                         | ONEMAIN HOLDINGS INC                      | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     47668 | NS      | $2549761.32   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORPORATION                                | LKQ CORPORATION                           | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     64574 | NS      | $1896538.38   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTIC UNION BANKSHARES CORPORATION          | ATLANTIC UNION BANKSHARES                 | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67244 | NS      | $2403300.56   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINANCIAL CORP.                            | CVB FINANCIAL CORP                        | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143111 | NS      | $2774922.29   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWERS FOODS, INC.                            | FLOWERS FOODS INC                         | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    239517 | NS      | $1952063.55   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| KORN FERRY                                     | KORN FERRY                                | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     42896 | NS      | $2700303.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COHEN & STEERS, INC.                           | COHEN STEERS INC                          | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     41243 | NS      | $2579749.65   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI CORPORATION                                | HNI CORP                                  | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     59624 | NS      | $1990845.36   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EAGLE OUTFITTERS, INC.                | AMERICAN EAGLE OUTFITTERS                 | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     41627 | NS      | $695170.90    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN STATES WATER COMPANY                  | AMERICAN STATES WATER CO                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     55167 | NS      | $4171728.54   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER MUSIC GROUP CORP.                       | WARNER MUSIC GROUP CORP                   | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95594 | NS      | $2441470.76   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH & BODY WORKS, INC.                        | BATH BODY WORKS INC                       | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     61418 | NS      | $1146674.06   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW JERSEY RESOURCES CORPORATION               | NEW JERSEY RESOURCES CORP                 | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     84067 | NS      | $4616959.64   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY, INC.                          | CLEARWAY ENERGY INC                       | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     70900 | NS      | $2785661.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST MERCHANTS CORPORATION                    | FIRST MERCHANTS CORP                      | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     74308 | NS      | $2877948.84   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI INDUSTRIES                                 | LCI INDUSTRIES                            | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     17207 | NS      | $2116116.86   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNOLIA OIL & GAS CORPORATION                 | MAGNOLIA OIL GAS CORP                     | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91488 | NS      | $2888276.16   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                      | NEXSTAR MEDIA GROUP INC                   | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      9897 | NS      | $1789674.51   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CABOT CORPORATION                              | CABOT CORP                                | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     30712 | NS      | $2312920.72   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WESBANCO, INC.                                 | WESBANCO INC                              | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77727 | NS      | $2680804.23   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corporation                         | OTTER TAIL CORP                           | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41917 | NS      | $3679055.09   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| REYNOLDS CONSUMER PRODUCTS INC.                | REYNOLDS CONSUMER PRODUCTS INC            | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |    117810 | NS      | $2495215.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BUSEY CORPORATION                        | FIRST BUSEY CORP                          | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    117914 | NS      | $2979686.78   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC.                   | FRESH DEL MONTE PRODUCE INC               | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |     64684 | NS      | $2604177.84   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHROCK INC.                                  | ARCHROCK INC                              | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     75181 | NS      | $2616298.80   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM GROSVENOR INC.                             | GCM GROSVENOR INC                         | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    221848 | NS      | $2174110.40   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIENT CORPORATION                             | AVIENT CORP                               | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     56932 | NS      | $2066631.60   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO          | INVESCO GVT & AGNCY-INST                  | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1709216 | NS      | $1709215.64   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA WATER SERVICE GROUP                 | CALIFORNIA WATER SERVICE GRP              | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     76965 | NS      | $3489593.10   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVEL + LEISURE CO.                           | TRAVEL LEISURE CO                         | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     29981 | NS      | $2074385.39   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT INC.                                       | ADT INC                                   | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    415004 | NS      | $2726576.28   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SONIC AUTOMOTIVE, INC.                         | SONIC AUTOMOTIVE INC CLASS A              | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     30078 | NS      | $2062448.46   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLBY LABORATORIES, INC.                       | DOLBY LABORATORIES INC                    | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     49103 | NS      | $2949126.18   | 1.16%             |  |  |  | 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