VICTORY PORTFOLIOS II

Ticker: UCRD CUSIP: 92647X855 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

Increased Positions (1)

VICTORY CAPITAL MANAGEMENT INC
Value ($000) $147,353 (+2.2%) Shares 6,788,904 (+2.7%)