VICTORY PORTFOLIOS II

Ticker: CDC CUSIP: 92647N824 Class: VCSHS US EQ INCM

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

Increased Positions (19)

Decreased Positions (43)

SILVER OAK SECURITIES, INCORPORATED
Value ($000) $32,180 (-3.3%) Shares 484,811 (-2.8%)
Garrett Wealth Advisory Group, LLC
Value ($000) $7,534 (-4.8%) Shares 114,343 (-3.5%)
MONEY CONCEPTS CAPITAL CORP
Value ($000) $1,710 (-49.0%) Shares 25,954 (-48.4%)
Salus Financial Advisors, LLC
Value ($000) $1,139 (-5.4%) Shares 17,283 (-4.2%)
KPP Advisory Services LLC
Value ($000) $878 (-30.2%) Shares 13,318 (-29.3%)
Caprock Group, LLC
Value ($000) $1,321 (-54.2%) Shares 20,043 (-53.9%)
Axis Wealth Partners, LLC
Value ($000) $745 (-4.9%) Shares 11,302 (-3.7%)
&PARTNERS
Value ($000) $276 (-90.2%) Shares 4,195 (-90.8%)
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $2,559 (-76.1%) Shares 38,839 (-75.8%)
Keystone Financial Group
Value ($000) $2,092 (-5.1%) Shares 31,752 (-3.9%)
RAYMOND JAMES FINANCIAL INC
Value ($000) $44,256 (-8.9%) Shares 671,668 (-7.7%)
MORGAN STANLEY
Value ($000) $75,248 (-9.2%) Shares 1,142,029 (-8.0%)
OSAIC HOLDINGS, INC.
Value ($000) $3,577 (-28.0%) Shares 54,268 (-27.4%)
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
Value ($000) $29,289 (-6.9%) Shares 444,514 (-5.7%)
LPL Financial LLC
Value ($000) $35,504 (-7.6%) Shares 538,843 (-6.4%)
Vantage Financial Partners, LLC
Value ($000) $349 (-9.7%) Shares 5,298 (-8.5%)
ROYAL BANK OF CANADA
Value ($000) $17,801 (-8.3%) Shares 270,156 (-7.1%)
Integrated Wealth Concepts LLC
Value ($000) $7,081 (-3.5%) Shares 107,464 (-2.3%)
Private Advisor Group, LLC
Value ($000) $5,429 (-6.4%) Shares 82,390 (-5.2%)
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $10,848 (+92062.5%) Shares 164,645 (-6.7%)