# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-26-001319
**Filing Date:** 2026-2
**Character Count:** 35879
**Document Hash:** aba33426e25645bfea8d2c193209413f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001319.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001319

**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:** 26694493

**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 Free Cash Flow Growth ETF (Series ID: S000089011)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000255423 | VictoryShares Free Cash Flow Growth ETF | GFLW            |

## 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 Free Cash Flow Growth ETF

- **b. EDGAR series identifier (if any):** S000089011

- **c. LEI of Series:** 25490023YCO3N5PNV908

**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:** $642000830.20

**Total Liabilities:** $266934.11

**Net Assets:** $641733896.09

**Cash Not Reported:** $1394814.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255423 | 1.65%                | -2.55%               | -0.81%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $224149.00               | $10489080.24                               |
| Month 2  | $10977908.70             | $-29109027.04                              |
| Month 3  | $22523515.99             | $-22938645.86                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WINGSTOP INC.                      | WINGSTOP INC                       | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      7007 | NS      | $1671099.43   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER, INC.                      | GARTNER INC                        | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     47980 | NS      | $12104394.40  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                       | DEXCOM INC                         | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     40071 | NS      | $2659512.27   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UIPATH, INC.                       | UIPATH INC                         | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     74989 | NS      | $1229069.71   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC.                    | DRAFTKINGS INC                     | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     85360 | NS      | $2941505.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES, INC.       | NEUROCRINE BIOSCIENCES INC         | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     29803 | NS      | $4226959.49   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES, INC.           | IDEXX LABORATORIES INC             | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     17346 | NS      | $11735089.38  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE, INC.              | PAYCOM SOFTWARE INC                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     22196 | NS      | $3537154.56   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                       | DOXIMITY INC                       | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42805 | NS      | $1895405.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                 | INTERDIGITAL INC                   | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |     19229 | NS      | $6122129.02   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CONSOLIDATED, INC.       | COCA COLA CONSOLIDATED INC         | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     39504 | NS      | $6055963.20   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation              | NEWMARKET CORP                     | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |     10213 | NS      | $7018986.38   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.       | MARRIOTT INTERNATIONAL INC CLASS A | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      6051 | NS      | $1877262.24   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION           | RALPH LAUREN CORP                  | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     34593 | NS      | $12232430.73  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION           | LAM RESEARCH CORP                  | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    107390 | NS      | $18383020.20  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.              | CARDINAL HEALTH INC                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     84177 | NS      | $17298373.50  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                      | BROADCOM INC                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     57442 | NS      | $19880676.20  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                    | GE VERNOVA LLC                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     25716 | NS      | $16807206.12  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                     | SNOWFLAKE INC                      | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     15774 | NS      | $3460184.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.              | BOOKING HOLDINGS INC               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       605 | NS      | $3239974.65   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                    | KLA CORP                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     13274 | NS      | $16128971.92  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                      | ZSCALER INC                        | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      9653 | NS      | $2171152.76   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC.                        | RESMED INC                         | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     10551 | NS      | $2541419.37   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TRADE DESK, INC.               | THE TRADE DESK INC CLASS A         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    224625 | NS      | $8526765.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEWY, INC.                        | CHEWY INC CLASS A                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     44894 | NS      | $1483746.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.     | MONOLITHIC POWER SYSTEMS INC       | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      7955 | NS      | $7210093.80   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LYFT, INC.                         | LYFT INC                           | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    306225 | NS      | $5931578.25   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TJX COMPANIES, INC.            | TJX COS INC                        | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     68637 | NS      | $10543329.57  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION             | FAIR ISAAC CORP                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1421 | NS      | $2402371.02   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC.                           | PTC INC                            | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     16708 | NS      | $2910700.68   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.        | HALOZYME THERAPEUTICS INC          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    108626 | NS      | $7310529.80   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic N.V.                       | ELASTIC NV                         | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |     34087 | NS      | $2571523.28   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                 | INCYTE PHARMACEUTICALS INC         | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |    114157 | NS      | $11275286.89  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORPORATION  | LATTICE SEMICONDUCTOR              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     28870 | NS      | $2124254.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                    | DYNATRACE INC                      | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     83720 | NS      | $3628424.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                     | AUTODESK INC                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      4229 | NS      | $1251826.29   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.              | ARISTA NETWORKS INC                | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     29538 | NS      | $3870364.14   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS, INC.      | ALNYLAM PHARMACEUTICALS INC        | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     30349 | NS      | $12068279.85  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CELSIUS HOLDINGS, INC.             | CELSIUS HOLDINGS INC               | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100212 | NS      | $4583696.88   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                 | VERTIV HOLDINGS CO                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     27892 | NS      | $4518782.92   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                 | NVIDIA CORP                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    108190 | NS      | $20177435.00  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN ELECTRIC HOLDINGS, INC.    | LINCOLN ELECTRIC HOLDINGS INC      | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     14529 | NS      | $3481729.56   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC.                        | REDDIT INC                         | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     23130 | NS      | $5316893.10   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HOLDINGS, INC.          | EXLSERVICE HOLDINGS INC            | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     55904 | NS      | $2372565.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.           | MUELLER INDUSTRIES INC             | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     94249 | NS      | $10819785.20  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.            | SPOTIFY TECHNOLOGY SA              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     10038 | NS      | $5829166.98   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INCORPORATED               | HUBBELL INC                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      4693 | NS      | $2084208.23   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                      | WORKDAY INC                        | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     17006 | NS      | $3652548.68   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| IES HOLDINGS, INC.                 | IES HOLDINGS INC                   | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |      8727 | NS      | $3394977.54   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKER INTERNATIONAL, INC.        | BRINKER INTERNATIONAL INC          | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |      9371 | NS      | $1344925.92   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                | VIKING HOLDINGS LTD                | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    163529 | NS      | $11677605.89  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                     | FORTINET INC                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     40405 | NS      | $3208561.05   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                        | INTUIT INC                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3628 | NS      | $2403259.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                         | ADOBE INC                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     44921 | NS      | $15721900.79  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                 | VEEVA SYSTEMS INC                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      8281 | NS      | $1848567.63   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC.                        | RAMBUS INC                         | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     38034 | NS      | $3494944.26   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYLOCITY HOLDING CORPORATION      | PAYLOCITY HOLDING CORP             | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     29990 | NS      | $4573475.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION               | APPLOVIN CORP                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     17246 | NS      | $11620699.72  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN, INC.                     | DOCUSIGN INC                       | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     40339 | NS      | $2759187.60   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                       | DUOLINGO INC                       | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17429 | NS      | $3058789.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HOLDINGS, INC.             | MEDPACE HOLDINGS INC               | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     18050 | NS      | $10137782.50  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT, INC.                      | HUBSPOT INC                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     12173 | NS      | $4885024.90   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.     | HILTON WORLDWIDE HOLDINGS INC      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     10935 | NS      | $3141078.75   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| THE NEW YORK TIMES COMPANY         | NEW YORK TIMES CO THE              | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     61200 | NS      | $4248504.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS, INC.           | PALO ALTO NETWORKS INC             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      8541 | NS      | $1573252.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                   | SERVICENOW INC                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     53384 | NS      | $8177894.96   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.          | COMFORT SYSTEMS USA INC            | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     12229 | NS      | $11413203.41  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION        | DECKERS OUTDOOR CORP               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     75285 | NS      | $7804795.95   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                      | MAPLEBEAR INC                      | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27732 | NS      | $1247385.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION               | AMPHENOL CORP CLASS A              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    120001 | NS      | $16216935.14  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE, INC.      | STERLING INFRASTRUCTURE            | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     16129 | NS      | $4939183.67   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION               | MCKESSON CORP                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     20090 | NS      | $16479626.10  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTANIX, INC.                      | NUTANIX INC A                      | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     69122 | NS      | $3572916.18   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.       | CADENCE DESIGN SYSTEMS INC         | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      7192 | NS      | $2248075.36   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MANHATTAN ASSOCIATES, INC.         | MANHATTAN ASSOCIATES INC           | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     31865 | NS      | $5522523.15   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd | CREDO TECHNOLOGY GROUP HOLDING LTD | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     40647 | NS      | $5848696.83   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA, INC.                   | SHARKNINJA INC                     | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     14416 | NS      | $1613150.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORPORATION              | ATLASSIAN CORP PLC                 | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     45187 | NS      | $7326620.18   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                  | EMCOR GROUP INC                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      5513 | NS      | $3372798.27   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORPORATION                 | CINTAS CORP                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35515 | NS      | $6679306.05   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                   | SALESFORCE INC                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     43229 | NS      | $11451794.39  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP, INC.                  | MATCH GROUP INC                    | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     49998 | NS      | $1614435.42   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                      | NEXTPOWER INC CL A                 | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88832 | NS      | $7738155.52   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                    | PINTEREST INC                      | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |     95311 | NS      | $2467601.79   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC             | TRANE TECHNOLOGIES PLC             | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      6870 | NS      | $2673804.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.           | MOTOROLA SOLUTIONS INC             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     23285 | NS      | $8925606.20   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.            | UBER TECHNOLOGIES INC              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    233010 | NS      | $19039247.10  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.         | PALANTIR TECHNOLOGIES INC          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     72568 | NS      | $12898962.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB, INC.                       | AIRBNB INC CLASS A                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     38074 | NS      | $5167403.28   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNOX INTERNATIONAL INC.          | LENNOX INTERNATIONAL INC           | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      8184 | NS      | $3973986.72   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMSTRONG WORLD INDUSTRIES, INC.   | ARMSTRONG WORLD INDUSTRIES INC     | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     17350 | NS      | $3315585.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| S P 500 EMINI FUTURE MAR26         | S P 500 EMINI FUTURE MAR26         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $1821.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE, INC.                 | PURE STORAGE INC                   | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     16464 | NS      | $1103252.64   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS, INC.                      | ROLLINS INC                        | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    109754 | NS      | $6587435.08   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                    | ASTERA LABS INC                    | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     10322 | NS      | $1717167.92   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG, INC.                      | DATADOG INC CLASS A                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      8174 | NS      | $1111582.26   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                 | ROYALTY PHARMA PLC                 | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |    451741 | NS      | $17455272.24  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH, INC.                     | DOORDASH INC                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     25341 | NS      | $5739229.68   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                | EXPEDIA GROUP INC                  | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27700 | NS      | $7847687.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                        | SAMSARA INC                        | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26382 | NS      | $935241.90    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.         | CROWDSTRIKE HOLDINGS INC A         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     12731 | NS      | $5967783.56   | 0.93%             |  |  |  | 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