# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001004726-25-002154
**Filing Date:** 2025-11
**Character Count:** 36390
**Document Hash:** a8108f5217a829d5825b393c6ded8fda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002154.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002154

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22696
- **FILM NUMBER:** 251520057

**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:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $625375563.00

**Total Liabilities:** $239475.02

**Net Assets:** $625136087.98

**Cash Not Reported:** $1744967.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255423 | 1.87%                | 1.87%                | 5.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1330759.71              | $8876218.48                                |
| Month 2  | $9141890.41              | $-347543.55                                |
| Month 3  | $6946670.34              | $21316581.06                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PTC INC.                                | PTC INC                            | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     14859 | NS      | $3016674.18   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS, INC.                | PALO ALTO NETWORKS INC             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     20480 | NS      | $4170137.60   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC.                             | REDDIT INC                         | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     40085 | NS      | $9219149.15   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                        | SERVICENOW INC                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      4186 | NS      | $3852292.08   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc                          | NEXTRACKER INC                     | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78247 | NS      | $5789495.53   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                              | ADOBE INC                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     34809 | NS      | $12278874.75  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HIMS & HERS HEALTH, INC.                | HIMS HERS HEALTH INC               | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |    100235 | NS      | $5685329.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| InterDigital, Inc.                      | INTERDIGITAL INC                   | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |     21680 | NS      | $7484586.40   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BENTLEY SYSTEMS, INCORPORATED           | BENTLEY SYSTEMS INC                | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     38596 | NS      | $1986922.08   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                         | KLA CORP                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5683 | NS      | $6129683.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIDE, INC.                            | STRIDE INC                         | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     39730 | NS      | $5917386.20   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                            | DEXCOM INC                         | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     35777 | NS      | $2407434.33   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                           | ALPHABET INC CLASS A               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    102621 | NS      | $24947165.10  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                       | EMCOR GROUP INC                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     16309 | NS      | $10593347.86  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH, INC.                          | DOORDASH INC                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     56373 | NS      | $15332892.27  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC.                             | RAMBUS INC                         | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     47834 | NS      | $4984302.80   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE, INC.                   | PAYCOM SOFTWARE INC                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     17845 | NS      | $3714258.30   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TJX COMPANIES, INC.                 | TJX COS INC                        | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     41584 | NS      | $6010551.36   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS, INC.           | ALNYLAM PHARMACEUTICALS INC        | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     14979 | NS      | $6830424.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORPORATION                   | ATLASSIAN CORP PLC                 | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     13402 | NS      | $2140299.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HOLDINGS, INC.               | EXLSERVICE HOLDINGS INC            | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     64180 | NS      | $2825845.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION                | LAM RESEARCH CORP                  | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     68961 | NS      | $9233877.90   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                          | FORTINET INC                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     29734 | NS      | $2500034.72   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORPORATION       | LATTICE SEMICONDUCTOR              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     38758 | NS      | $2841736.56   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE, INC.           | STERLING INFRASTRUCTURE            | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     25866 | NS      | $8786162.88   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                          | SNOWFLAKE INC                      | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     35317 | NS      | $7965749.35   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                     | EXPEDIA GROUP INC                  | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47574 | NS      | $10168942.50  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT, INC.                           | HUBSPOT INC                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      3195 | NS      | $1494621.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                          | AUTODESK INC                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     16440 | NS      | $5222494.80   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                             | INTUIT INC                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      6802 | NS      | $4645153.82   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                         | DYNATRACE INC                      | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     29190 | NS      | $1414255.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNOX INTERNATIONAL INC.               | LENNOX INTERNATIONAL INC           | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      3260 | NS      | $1725713.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.               | COMFORT SYSTEMS USA INC            | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     11198 | NS      | $9240365.64   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEWY, INC.                             | CHEWY INC CLASS A                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    147006 | NS      | $5946392.70   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.             | HALOZYME THERAPEUTICS INC          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     52721 | NS      | $3866558.14   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MANHATTAN ASSOCIATES, INC.              | MANHATTAN ASSOCIATES INC           | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      8970 | NS      | $1838670.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| E.L.F. BEAUTY, INC.                     | ELF BEAUTY INC                     | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      7726 | NS      | $1023540.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                      | NVIDIA CORP                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    135257 | NS      | $25236251.06  | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE, INC.                      | PURE STORAGE INC                   | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     43739 | NS      | $3665765.59   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                    | MCKESSON CORP                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     13935 | NS      | $10765344.90  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON HOLDING CORPORATION | BOOZ ALLEN HAMILTON HOLDINGS       | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     51001 | NS      | $5097549.95   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| S P 500 EMINI FUTURE DEC25              | S P 500 EMINI FUTURE DEC25         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $18173.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORPORATION            | MONSTER BEVERAGE CORP              | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    102703 | NS      | $6912938.93   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKER INTERNATIONAL, INC.             | BRINKER INTERNATIONAL INC          | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     53778 | NS      | $6812597.04   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                            | DOXIMITY INC                       | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79414 | NS      | $5809134.10   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN, INC.                          | DOCUSIGN INC                       | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     44259 | NS      | $3190631.31   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC.                         | DRAFTKINGS INC                     | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     86024 | NS      | $3217297.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                         | PINTEREST INC                      | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110717 | NS      | $3561765.89   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER, INC.                           | GARTNER INC                        | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     17335 | NS      | $4556851.45   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG, INC.                           | DATADOG INC CLASS A                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     19768 | NS      | $2814963.20   | 0.45%             |  |  |  | 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        |     41845 | NS      | $6093050.45   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS, INC.                 | COMMVAULT SYSTEMS INC              | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      8905 | NS      | $1681085.90   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                  | TRANE TECHNOLOGIES PLC             | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     13627 | NS      | $5750048.92   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                        | SALESFORCE INC                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     17557 | NS      | $4161009.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                     | VIKING HOLDINGS LTD                | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    188291 | NS      | $11704168.56  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION             | DECKERS OUTDOOR CORP               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     23335 | NS      | $2365468.95   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                      | VEEVA SYSTEMS INC                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     18867 | NS      | $5620667.97   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| IES HOLDINGS, INC.                      | IES HOLDINGS INC                   | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |     17788 | NS      | $7073398.20   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.              | PALANTIR TECHNOLOGIES INC          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     87584 | NS      | $15977073.28  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION                  | FAIR ISAAC CORP                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1426 | NS      | $2134051.78   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.              | CROWDSTRIKE HOLDINGS INC A         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     18499 | NS      | $9071539.62   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.                   | BOOKING HOLDINGS INC               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2869 | NS      | $15490505.63  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                      | INCYTE PHARMACEUTICALS INC         | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     58268 | NS      | $4941709.08   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic N.V.                            | ELASTIC NV                         | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |     22179 | NS      | $1873903.71   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION                    | APPLOVIN CORP                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     30451 | NS      | $21880261.54  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                           | WORKDAY INC                        | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     15317 | NS      | $3687261.41   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                      | VERTIV HOLDINGS CO                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     52190 | NS      | $7873383.40   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB, INC.                            | AIRBNB INC CLASS A                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     31225 | NS      | $3791339.50   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TRADE DESK, INC.                    | THE TRADE DESK INC CLASS A         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     62575 | NS      | $3066800.75   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.            | CADENCE DESIGN SYSTEMS INC         | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     18443 | NS      | $6478288.18   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                           | CENCORA INC                        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     20755 | NS      | $6486560.15   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                            | DUOLINGO INC                       | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7210 | NS      | $2320466.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                           | ZSCALER INC                        | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     30513 | NS      | $9143525.58   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                           | MAPLEBEAR INC                      | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83549 | NS      | $3071261.24   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.          | HILTON WORLDWIDE HOLDINGS INC      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     22018 | NS      | $5712349.92   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA, INC.                        | SHARKNINJA INC                     | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     23070 | NS      | $2379670.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LYFT, INC.                              | LYFT INC                           | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    268006 | NS      | $5898812.06   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYLOCITY HOLDING CORPORATION           | PAYLOCITY HOLDING CORP             | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     11176 | NS      | $1780001.52   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| THE NEW YORK TIMES COMPANY              | NEW YORK TIMES CO THE              | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     29581 | NS      | $1697949.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMSTRONG WORLD INDUSTRIES, INC.        | ARMSTRONG WORLD INDUSTRIES INC     | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     30903 | NS      | $6057297.03   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc                              | GITLAB INC                         | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     28506 | NS      | $1285050.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN ELECTRIC HOLDINGS, INC.         | LINCOLN ELECTRIC HOLDINGS INC      | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     20539 | NS      | $4843712.37   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                         | GE VERNOVA LLC                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     27030 | NS      | $16620747.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTANIX, INC.                           | NUTANIX INC A                      | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     29200 | NS      | $2172188.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.                 | UBER TECHNOLOGIES INC              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     99382 | NS      | $9736454.54   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.                 | SPOTIFY TECHNOLOGY SA              | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     21719 | NS      | $15159862.00  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.            | CHIPOTLE MEXICAN GRILL INC         | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97815 | NS      | $3833369.85   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                         | ASTERA LABS INC                    | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     29489 | NS      | $5773946.20   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC.                           | WINGSTOP INC                       | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      4326 | NS      | $1088767.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                   | ARISTA NETWORKS INC                | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     61257 | NS      | $8925757.47   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                           | BROADCOM INC                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     66633 | NS      | $21982893.03  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HOLDINGS, INC.                  | MEDPACE HOLDINGS INC               | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      4402 | NS      | $2263332.32   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES, INC.                | IDEXX LABORATORIES INC             | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      5151 | NS      | $3290922.39   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.          | MONOLITHIC POWER SYSTEMS INC       | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      2014 | NS      | $1854168.96   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES, INC.            | NEUROCRINE BIOSCIENCES INC         | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     22790 | NS      | $3199260.20   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORPORATION                      | CINTAS CORP                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11788 | NS      | $2419604.88   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS, INC.                           | ROLLINS INC                        | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     43498 | NS      | $2555072.52   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.            | MARRIOTT INTERNATIONAL INC CLASS A | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     17059 | NS      | $4442845.96   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC.                             | RESMED INC                         | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     13043 | NS      | $3570260.39   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                    | AMPHENOL CORP CLASS A              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    133567 | NS      | $16528916.25  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP, INC.                       | MATCH GROUP INC                    | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     52423 | NS      | $1851580.36   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Victory Portfolios II

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer