VICTORY PORTFOLIOS II

Ticker: VSDA CUSIP: 92647N667 Class: VICSHS DV AC ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (5)

SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $1,850 Shares 35,046
Kestra Advisory Services, LLC
Value ($000) $120 Shares 2,270
Farther Finance Advisors, LLC
Value ($000) $72 Shares 1,360
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC
Value ($000) $13 Shares 250
JPMORGAN CHASE & CO
Value ($000) $11 Shares 200

Increased Positions (14)

Investors Research Corp
Value ($000) $15,559 (+2.3%) Shares 294,790 (+3.7%)
DDD Partners, LLC
Value ($000) $5,776 (+2.8%) Shares 109,442 (+4.2%)
Cetera Investment Advisers
Value ($000) $3,239 (+255.9%) Shares 61,370 (+260.6%)
Gladstone Institutional Advisory LLC
Value ($000) $4,874 (+0.5%) Shares 92,350 (+1.8%)
Keystone Financial Group
Value ($000) $1,233 (+3.9%) Shares 23,366 (+5.2%)
Rockefeller Capital Management L.P.
Value ($000) $263 (+155.9%) Shares 4,989 (+159.3%)
BANK OF AMERICA CORP /DE/
Value ($000) $5,192 (+1.2%) Shares 98,362 (+2.5%)
ROYAL BANK OF CANADA
Value ($000) $1,388 (+2.7%) Shares 26,291 (+4.0%)
STIFEL FINANCIAL CORP
Value ($000) $540 (+2.8%) Shares 10,237 (+4.2%)
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $871 (+100507.4%) Shares 16,507 (+1.9%)
Integrated Wealth Concepts LLC
Value ($000) $531 (-0.0%) Shares 10,056 (+1.3%)
TD Capital Management LLC
Value ($000) $7 (-0.3%) Shares 134 (+1.5%)
Cambridge Investment Research Advisors, Inc.
Value ($000) $3 (+0.8%) Shares 51,329 (+2.1%)
Coston, McIsaac & Partners
Value ($000) $0 (0.0%) Shares 91 (+1.1%)

Decreased Positions (11)

GREAT VALLEY ADVISOR GROUP, INC.
Value ($000) $45,802 (-25.2%) Shares 867,794 (-24.2%)
Strategic Blueprint, LLC
Value ($000) $778 (-71.6%) Shares 14,737 (-71.3%)
MONEY CONCEPTS CAPITAL CORP
Value ($000) $2,405 (-5.5%) Shares 45,569 (-4.3%)
QTR Family Wealth, LLC
Value ($000) $424 (+5.0%) Shares 7,236 (-4.1%)
CITADEL ADVISORS LLC
Value ($000) $721 (-66.9%) Shares 13,666 (-66.4%)
RAYMOND JAMES FINANCIAL INC
Value ($000) $1,223 (-16.9%) Shares 23,177 (-15.8%)
WELLS FARGO & COMPANY/MN
Value ($000) $599 (-15.1%) Shares 11,340 (-14.0%)
OSAIC HOLDINGS, INC.
Value ($000) $736 (-9.1%) Shares 13,937 (-7.5%)
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
Value ($000) $876 (-6.7%) Shares 16,600 (-5.5%)
Global Retirement Partners, LLC
Value ($000) $838 (-2.8%) Shares 15,870 (-1.6%)
Apella Capital, LLC
Value ($000) $841 (-0.6%) Shares 15,928 (-1.0%)

Exited Positions (4)

GPS Wealth Strategies Group, LLC
Value ($000) $182 Shares 3,405
Advisory Services Network, LLC
Value ($000) $117 Shares 2,195
FLOW TRADERS U.S. LLC
Value ($000) $0 Shares 5,754
UBS Group AG
Value ($000) $41 Shares 770