VICTORY PORTFOLIOS II

Ticker: USTB CUSIP: 92647N535 Class: SHORT TRM BD ETF

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
VICTORY CAPITAL MANAGEMENT INC5,346,109$271,796
Merit Financial Group, LLC2,598,695$132,118
MORGAN STANLEY2,173,526$110,502
BANK OF AMERICA CORP /DE/1,391,643$70,751
LPL Financial LLC1,334,919$67,867
Amplius Wealth Advisors, LLC769,637$39,128
Stonebridge Financial Group, LLC761,559$38,718
Capital Analysts, LLC562,631$29
Broadway Wealth Solutions, Inc.520,018$26,438
Marquette Asset Management, LLC516,850$26,277
Waverly Advisors, LLC424,414$21,577
Private Advisor Group, LLC397,990$20,234
RAYMOND JAMES FINANCIAL INC369,098$18,765
MOTCO352,272$17,910
ERn Financial, LLC315,306$16,030
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC289,315$14,732
COMMONWEALTH EQUITY SERVICES, LLC256,667$13,049
NORTHEAST PLANNING ASSOCIATES, INC. / NH /252,435$12,834
OSAIC HOLDINGS, INC.247,173$12,573
Cornerstone Planning Group LLC246,096$12,531
STIFEL FINANCIAL CORP243,410$12,375
Redhawk Wealth Advisors, Inc.240,339$12,219
UBS Group AG219,312$11,150
HORAN Wealth, LLC219,038$11,136
KINTRA WEALTH, LLC216,542$11,009
Certified Advisory Corp209,895$10,671
BlueStem Wealth Partners, LLC209,508$10,651
ROYAL BANK OF CANADA209,327$10,642
Pine Valley Investments Ltd Liability Co202,823$10,312
Apella Capital, LLC195,167$9,922
TOTH FINANCIAL ADVISORY CORP190,774$9,699
CREATIVE FINANCIAL DESIGNS INC /ADV184,845$9,398
ADAPT WEALTH ADVISORS, LLC181,301$9,217
ENVESTNET ASSET MANAGEMENT INC166,923$8,486
Pinnacle Wealth Management Group, Inc.158,859$8,076
Bensler, LLC154,508$7,855
Farther Finance Advisors, LLC149,102$7,580
AVAII WEALTH MANAGEMENT, LLC148,801$7,565
Integrated Wealth Concepts LLC139,200$7,077
Summit Financial, LLC133,977$6,811
Buckingham Strategic Partners132,438$6,733
Winter & Associates, Inc.132,438$6,733
MML INVESTORS SERVICES, LLC130,057$6,612
Quadcap Wealth Management, LLC128,399$6,528
Smith Thornton Advisors LLC124,488$6,329
Midwest Capital Advisors, LLC104,147$5,295
Darrow Company, Inc.100,443$5,107
Kingsview Wealth Management, LLC86,762$4,411
NATIONS FINANCIAL GROUP INC, /IA/ /ADV79,290$4,031
Cambridge Investment Research Advisors, Inc.67,863$3
REDW Wealth LLC63,296$3,218
Lakeridge Wealth Management LLC62,252$3,165
Samalin Investment Counsel, LLC61,522$3,128
Valmark Advisers, Inc.57,258$2,911
Janney Montgomery Scott LLC55,191$3
Steward Partners Investment Advisory, LLC49,846$2,534
Patriot Financial Group Insurance Agency, LLC48,700$2,476
Maridea Wealth Management LLC48,629$2,472
Equitable Holdings, Inc.47,299$2,405
Rooted Wealth Advisors, Inc.47,119$2,403
OPPENHEIMER & CO INC44,492$2,262
Trademark Financial Management, LLC41,053$2,087
Elk River Wealth Management, LLC40,869$2,032
OneAscent Wealth Management LLC37,614$1,912
Bank of New York Mellon Corp37,078$1,885
Madison Wealth Partners, Inc35,592$1,809
Brinker Capital Investments, LLC32,170$1,636
Mariner, LLC32,101$1,632
Atria Investments, Inc31,497$1,601
WELLS FARGO & COMPANY/MN27,750$1,411
Kestra Advisory Services, LLC27,687$1,408
Perigon Wealth Management, LLC26,636$1,354
Rockefeller Capital Management L.P.26,015$1,323
SILVER OAK SECURITIES, INCORPORATED24,247$1,233
COMERICA BANK23,206$1,180
Advisory Services Network, LLC23,176$1,178
Sigma Planning Corp23,130$1,176
Fundamentum, LLC22,243$1,131
GOLDMAN SACHS GROUP INC21,802$1,108
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors21,475$1,092
FLAGSHIP HARBOR ADVISORS, LLC21,344$1,085
Cetera Investment Advisers20,947$1,065
Axis Wealth Partners, LLC20,943$1,065
Comprehensive Wealth Management, LLC19,851$1,009
Claro Advisors Inc.19,564$995
MAINSTAY CAPITAL MANAGEMENT LLC /ADV14,699$747
SWMG, LLC14,337$732
Creative Planning13,698$696
KESTRA PRIVATE WEALTH SERVICES, LLC12,405$631
IHT Wealth Management, LLC9,829$500
DAYMARK WEALTH PARTNERS, LLC9,719$494
Intrua Financial, LLC9,653$491
M.E. ALLISON & CO., INC.9,563$486
FLOW TRADERS U.S. LLC8,635$0
Sonoma Allocations LLC8,596$438
Betterment LLC8,420$0
Octavia Wealth Advisors, LLC7,479$380
Aptus Capital Advisors, LLC7,380$375
Sanctuary Advisors, LLC7,175$365
Cassaday & Co Wealth Management LLC7,124$362
33 other institutions95,107$4,418
Total (133 institutions)25,473,742$1,258,992