VICTORY PORTFOLIOS II

Ticker: ULVM CUSIP: 92647N576 Class: VCTRYSHS US VAL

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (4)

SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $3,639 Shares 39,822
CITADEL ADVISORS LLC
Value ($000) $796 Shares 8,707
OSAIC HOLDINGS, INC.
Value ($000) $43 Shares 474
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC
Value ($000) $7 Shares 75

Increased Positions (4)

VICTORY CAPITAL MANAGEMENT INC
Value ($000) $169,717 (+16.5%) Shares 1,857,405 (+15.4%)
MANCHESTER FINANCIAL INC
Value ($000) $1,692 (+5.1%) Shares 18,520 (+4.1%)
Cetera Investment Advisers
Value ($000) $2,086 (+9.8%) Shares 22,828 (+8.9%)
BANK OF AMERICA CORP /DE/
Value ($000) $2,247 (+7.9%) Shares 24,591 (+6.9%)

Exited Positions (2)

WPG Advisers, LLC
Value ($000) $18 Shares 200
FARMERS & MERCHANTS INVESTMENTS INC
Value ($000) $35 Shares 386