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        <name>THE NEW YORK TIMES COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MASTERCARD INCORPORATED</name>
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        <name>TOLL BROTHERS, INC.</name>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TRANE TECHNOLOGIES PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE ALLSTATE CORPORATION</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DOLLAR GENERAL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>THE TJX COMPANIES, INC.</name>
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        <name>THE CIGNA GROUP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CF INDUSTRIES HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>UNITED THERAPEUTICS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MCKESSON CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>The Travelers Companies, Inc.</name>
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        <name>APPLE INC.</name>
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        <name>SALESFORCE, INC.</name>
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        <name>TE CONNECTIVITY PUBLIC LIMITED COMPANY</name>
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        <name>THE PROCTER &amp; GAMBLE COMPANY</name>
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        <name>T-MOBILE US, INC.</name>
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        <name>QUEST DIAGNOSTICS INCORPORATED</name>
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        <name>ULTA BEAUTY, INC.</name>
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    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios II</ncom:nameOfApplicant>
      <ncom:signature>Carol D. Trevino</ncom:signature>
      <ncom:signerName>Carol D. Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
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</edgarSubmission>
