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        <name>S&amp;P GLOBAL INC.</name>
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        <name>MARTIN MARIETTA MATERIALS, INC.</name>
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        <name>EVERCORE INC.</name>
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        <name>APPLIED INDUSTRIAL TECHNOLOGIES, INC.</name>
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        <name>UNION PACIFIC CORPORATION</name>
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        <name>STANLEY BLACK &amp; DECKER, INC.</name>
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        <name>EXXON MOBIL CORPORATION</name>
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        <name>THE ALLSTATE CORPORATION</name>
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        <name>Chubb Limited</name>
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        <name>W.W. GRAINGER, INC.</name>
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        <name>LOWE'S COMPANIES, INC.</name>
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        <name>THE CLOROX COMPANY</name>
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        <name>Altria Group, Inc.</name>
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        <name>AIR PRODUCTS AND CHEMICALS, INC.</name>
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        <name>THE SHERWIN-WILLIAMS COMPANY</name>
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        <name>GENUINE PARTS COMPANY</name>
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        <name>ROPER TECHNOLOGIES, INC.</name>
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        <name>ECOLAB INC.</name>
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        <name>ILLINOIS TOOL WORKS INC.</name>
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        <name>AFLAC INCORPORATED</name>
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        <name>T. ROWE PRICE GROUP, INC.</name>
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        <name>BRISTOL-MYERS SQUIBB COMPANY</name>
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        <name>EMERSON ELECTRIC CO.</name>
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        <name>HSBC US GOVERNMENT MONEY MARKET FUND</name>
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        <name>DOVER CORPORATION</name>
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        <name>MEDTRONIC PUBLIC LIMITED COMPANY</name>
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        <name>MONOLITHIC POWER SYSTEMS, INC.</name>
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        <name>CARLISLE COMPANIES INCORPORATED</name>
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        <name>FIRST CITIZENS BANCSHARES, INC.</name>
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        <name>ERIE INDEMNITY COMPANY</name>
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        <name>OLD REPUBLIC INTERNATIONAL CORPORATION</name>
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        <name>CATERPILLAR INC.</name>
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        <name>VISA INC.</name>
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        <name>WALMART INC.</name>
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        <name>GILEAD SCIENCES, INC.</name>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOULIHAN LOKEY, INC.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
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        <curCd>USD</curCd>
        <valUSD>1632362.10000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MSILF Government Portfolio</name>
        <lei>N/A</lei>
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          <isin value="US61747C7074"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <cashCollateralCondition cashCollateralVal="2598625.37000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>JOHNSON &amp; JOHNSON</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE PROCTER &amp; GAMBLE COMPANY</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYSCO CORPORATION</name>
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        <title>SYSCO CORP</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE COCA-COLA COMPANY</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>COCA COLA CO THE</title>
        <cusip>191216100</cusip>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ATMOS ENERGY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLOBE LIFE INC.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Garmin Ltd.</name>
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        <title>GARMIN LTD</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KINSALE CAPITAL GROUP, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUBBELL INCORPORATED</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CINCINNATI FINANCIAL CORPORATION</name>
        <lei>254900Q4WEDMZBOZ0002</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEI INVESTMENTS COMPANY</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI INVESTMENTS CO</title>
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        <balance>34266.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CURTISS-WRIGHT CORPORATION</name>
        <lei>TEL51ETZWP7D0ZM4X325</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>S P 500 EMINI FUTURE SEP26</name>
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        <title>S P 500 EMINI FUTURE SEP26</title>
        <cusip>N/A</cusip>
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          <isin value="N/A"/>
          <ticker value="ESU26"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
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        <name>INVESCO GOVERNMENT &amp; AGENCY PORTFOLIO</name>
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        <title>INVESCO GVT &amp; AGNCY-INST</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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    </invstOrSecs>
    <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>
  </formData>
</edgarSubmission>
