NPORT-P false 0001547580 XXXXXXXX S000049910 C000157591 Victory Portfolios II 811-22696 0001547580 00000000000000000000 4900 Tiedeman Road 4th Floor Brooklyn 44144 800-539-3863 VictoryShares Emerging Market High Div Vol Wtd ETF S000049910 549300TKAR4ULFMCRB55 2020-06-30 2020-03-31 N 24401074.24 117729.43 24283344.81 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 156031.02 MXN ZAR TWD CZK TRY HKD INR USD PHP RUB PLN THB EGP IDR CLP MYR BRL N SASOL LIMITED N/A 803866102 10876.00000000 NS 22478.77000000 0.092568672791 Long EC CORP ZA N 1 N N N FORMOSA CHEMICALS & FIBRE CORPORATION 254900OJX8UZOAIVSU82 N/A 137000.00000000 NS 303588.56000000 1.250192518268 Long EC CORP TW N 1 N N N SANTANDER BANK POLSKA SPOLKA AKCYJNA 259400LGXW3K0GDAG361 N/A 3670.00000000 NS 154056.18000000 0.634410873812 Long EC CORP PL N 1 N N N SEVERSTAL' PAO 213800OKDPTV6K4ONO53 N/A 24607.00000000 NS 271702.39000000 1.118883712791 Long EC CORP RU N 1 N N N CNOOC LIMITED 549300XIVJCBIGMRUD48 N/A 168000.00000000 NS 176180.59000000 0.725520274815 Long EC CORP HK N 1 N N N AK ALROSA PAO N/A N/A 349060.00000000 NS 287264.18000000 1.182967924096 Long EC CORP RU N 1 N N N PLDT Inc. 254900ADE8GQHM5P2648 N/A 9820.00000000 NS 218029.11000000 0.897854524184 Long EC CORP PH N 1 N N N WALSIN TECHNOLOGY CORPORATION N/A N/A 32000.00000000 NS 170398.54000000 0.701709510502 Long EC CORP TW N 1 N N N WALSIN LIHWA CORPORATION 254900SKYY99YINZ3U83 N/A 723000.00000000 NS 263039.52000000 1.083209591010 Long EC CORP TW N 1 N N N Pegatron Corporation 529900M87JQS8TUO0L66 N/A 156000.00000000 NS 299255.83000000 1.232350124504 Long EC CORP TW N 1 N N N NANYA TECHNOLOGY CORPORATION 254900STKVKJBRRO0835 N/A 103000.00000000 NS 182936.99000000 0.753343460019 Long EC CORP TW N 1 N N N Globe Telecom, Inc. 254900GPWI1816YIM923 N/A 6790.00000000 NS 257712.88000000 1.061274227320 Long EC CORP PH N 1 N N N TPI Polene Power Public Company Limited N/A N/A 2445100.00000000 NS 228040.41000000 0.939081546567 Long EC CORP TH N 1 N N N Asia Cement Corporation 213800EFQXH43HMGJL59 N/A 247000.00000000 NS 321872.00000000 1.325484617207 Long EC CORP TW N 1 N N N Barloworld Limited N/A N/A 39251.00000000 NS 142237.65000000 0.585741590019 Long EC CORP ZA N 1 N N N TOFAS TURK OTOMOBIL FABRIKASI ANONIM SIRKETI 789000YSTNETKLRWHT29 N/A 60461.00000000 NS 150621.43000000 0.620266405548 Long EC CORP TR N 1 N N N PT Adaro Energy Tbk 529900P2WAH7XA87OI24 N/A 2344000.00000000 NS 142365.64000000 0.586268659090 Long EC CORP ID N 1 N N N Grupo Financiero Banorte, S.A.B. de C.V. N/A N/A 44767.00000000 NS 122726.39000000 0.505393268350 Long EC CORP MX N 1 N N N CHINA CONSTRUCTION BANK CORPORATION 5493001KQW6DM7KEDR62 N/A 567000.00000000 NS 463693.00000000 1.909510422176 Long EC CORP CN N 1 N N N Eastern Company SAE N/A N/A 323585.00000000 NS 254702.02000000 1.048875358781 Long EC CORP EG N 1 N N N FSK YEES PAO 253400FZQ7Z49QZNSG30 N/A 115660000.00000000 NS 237230.88000000 0.976928350917 Long EC CORP RU N 1 N N N YAGEO CORPORATION 5493001P0TOZH7GGNQ21 N/A 21000.00000000 NS 190656.52000000 0.785132861604 Long EC CORP TW N 1 N N N Yanzhou Coal Mining Company Limited 3003005N7A6HYZ4Z0K39 N/A 297000.00000000 NS 232926.15000000 0.959201262521 Long EC CORP CN N 1 N N N MANILA ELECTRIC CO. N/A N/A 45980.00000000 NS 203451.33000000 0.837822514121 Long EC CORP PH N 1 N N N Zoomlion Heavy Industry Science And Technology Co., Ltd 529900QZ3EMAU0QKFK85 N/A 310800.00000000 NS 226109.26000000 0.931128976543 Long EC CORP CN N 1 N N N TELKOM SA SOC LIMITED N/A N/A 48641.00000000 NS 55887.61000000 0.230147907700 Long EC CORP ZA N 1 N N N INVENTEC CORPORATION 391200XSJU5WEVAXB086 N/A 504000.00000000 NS 388397.55000000 1.599440081417 Long EC CORP TW N 1 N N N El Sewedy Electric Co SAE N/A N/A 281547.00000000 NS 140683.78000000 0.579342677463 Long EC CORP EG N 1 N N N Great Wall Motor Company Limited 254900CR8AHWTMFZHH60 N/A 293500.00000000 NS 188158.01000000 0.774843875389 Long EC CORP CN N 1 N N N MTN GROUP LIMITED 2549009JD6Q6XHZS5E05 N/A 32768.00000000 NS 88742.08000000 0.365444219873 Long EC CORP ZA N 1 N N N Colbun S.A. 5493003VQJLE2QB8IF36 N/A 2191115.00000000 NS 238220.36000000 0.981003077886 Long EC CORP CL N 1 N N N MALAYAN BANKING BERHAD 5493004OT3TOY404V310 N/A 400900.00000000 NS 692168.02000000 2.850381713951 Long EC CORP MY N 1 N N N PETRONAS GAS BERHAD N/A N/A 121300.00000000 NS 432913.09000000 1.782757249412 Long EC CORP MY N 1 N N N TURKCELL ILETISIM HIZMETLERI ANONIM SIRKETI 7890003EX1LTLS2FFL84 N/A 100031.00000000 NS 186634.04000000 0.768568092494 Long EC CORP TR N 1 N N N TTW Public Company Limited 529900SXM74NQ438EE35 N/A 893900.00000000 NS 346008.23000000 1.424878791234 Long EC CORP TH N 1 N N N PTT Public Company Limited 549300QOGMPTKB6W7G56 N/A 269300.00000000 NS 252391.80000000 1.039361759983 Long EC CORP TH N 1 N N N BHARTI INFRATEL LIMITED 335800L6DI4VHODGDK41 N/A 63172.00000000 NS 133620.12000000 0.550254180573 Long EC CORP IN N 1 N N N OLD MUTUAL LIMITED N/A N/A 237657.00000000 NS 157613.36000000 0.649059514795 Long EC CORP ZA N 1 N N N TAV HAVALIMANLARI HOLDING ANONIM SIRKETI 789000PBM9TT5D88M597 N/A 48385.00000000 NS 121343.53000000 0.499698583327 Long EC CORP TR N 1 N N N VODACOM GROUP LIMITED 37890012A8DC24B8D663 N/A 39214.00000000 NS 256795.96000000 1.057498305975 Long EC CORP ZA N 1 N N N ECORODOVIAS INFRAESTRUTURA E LOGISTICA S.A. N/A N/A 72100.00000000 NS 131146.42000000 0.540067363150 Long EC CORP BR N 1 N N N Komercni banka, a.s. IYKCAVNFR8QGF00HV840 N/A 12706.00000000 NS 241822.98000000 0.995838843009 Long EC CORP CZ N 1 N N N PTT Exploration and Production Public Company Limited 2549001O8YYGP5N7Q076 N/A 74100.00000000 NS 152445.90000000 0.627779662121 Long EC CORP TH N 1 N N N PETROLEO BRASILEIRO S.A. - PETROBRAS 5493000J801JZRCMFE49 N/A 37500.00000000 NS 100980.69000000 0.415843413624 Long EC CORP BR N 1 N N N LOGAN PROPERTY HOLDINGS COMPANY LIMITED 549300NJ0E6Q0S1VOG90 N/A 130000.00000000 NS 200554.66000000 0.825893885579 Long EC CORP KY N 1 N N N EREGLI DEMIR VE CELIK FABRIKALARI TURK ANONIM SIRKETI 789000VYQF5IDGG49908 N/A 173384.00000000 NS 197194.37000000 0.812056047232 Long EC CORP TR N 1 N N N Nedbank Group Limited N/A N/A 19457.00000000 NS 90010.95000000 0.370669488508 Long EC CORP ZA N 1 N N N GMK NORIL'SKIY NIKEL' PAO 253400JPTEEW143W3E47 N/A 1452.00000000 NS 361092.14000000 1.486995069358 Long EC CORP RU N 1 N N N HUATAI SECURITIES CO.,LTD. 3003009ABT0UCWO79Q77 N/A 130200.00000000 NS 193473.59000000 0.796733693458 Long EC CORP CN Y 1 N N N EXXARO RESOURCES LIMITED 378900BC3D9BFF4E4A37 N/A 24813.00000000 NS 137465.80000000 0.566090878647 Long EC CORP ZA N 1 N N N ENGIE BRASIL ENERGIA S.A. 52990057Q0EK2Q9YBC07 N/A 25950.00000000 NS 194401.48000000 0.800554789799 Long EC CORP BR N 1 N N N GF Securities Company Limited 3003007E0Y3ZJ5HNA936 N/A 190000.00000000 NS 203663.33000000 0.838695540476 Long EC CORP CN N 1 N N N Guangzhou R&F Properties Co., Ltd. 529900ICJ8CK8LFWH863 N/A 135149.00000000 NS 176421.53000000 0.726512477504 Long EC CORP CN N 1 N N N TIGER BRANDS LIMITED 529900C57HAFZAHHBC90 N/A 22241.00000000 NS 230276.75000000 0.948290903916 Long EC CORP ZA N 1 N N N China Petroleum & Chemical Corporation 529900A2OB24EZ5B3J19 N/A 560000.00000000 NS 275936.79000000 1.136321178812 Long EC CORP CN N 1 N N N CEZ, a.s. 529900S5R9YHJHYKKG94 N/A 26636.00000000 NS 437803.23000000 1.802895084781 Long EC CORP CZ N 1 N N N AGILE GROUP HOLDINGS LIMITED 549300ZRISRT38EEYY07 N/A 142000.00000000 NS 153676.88000000 0.632848897886 Long EC CORP KY N 1 N N N VEDANTA LIMITED 335800XDKX9KB5EMCO07 N/A 90163.00000000 NS 77118.73000000 0.317578696853 Long EC CORP IN N 1 N N N Bank of Communications Co., Ltd. 549300AX1UM10U30HK09 N/A 564000.00000000 NS 345565.95000000 1.423057460592 Long EC CORP CN N 1 N N N TATNEFT' PAO 253400PAT768SVJMV121 N/A 28170.00000000 NS 198341.61000000 0.816780437587 Long EC CORP RU N 1 N N N China Merchants Port Holdings Company Limited 529900GA4UH90FUOR048 N/A 232000.00000000 NS 265142.86000000 1.091871247863 Long EC CORP HK N 1 N N N CHINA MINSHENG BANKING CORP., LTD. 549300HBUGSQD1VCXG94 N/A 516000.00000000 NS 383380.84000000 1.578781024606 Long EC CORP CN N 1 N N N Netcare Limited N/A N/A 271975.00000000 NS 228320.18000000 0.940233653092 Long EC CORP ZA N 1 N N N Aguas Andinas S.A. N/A N/A 867753.00000000 NS 255639.18000000 1.052734629435 Long EC CORP CL N 1 N N N PHOSAGRO PAO 25340053KRUNNYUWF472 71922G209 34684.00000000 NS USD 357938.88000000 1.474009790663 Long CORP RU N 1 N N N Avi Ltd 378900C2D68805FAAF75 N/A 52034.00000000 NS 204955.95000000 0.844018612771 Long EC CORP ZA N 1 N N N ALFA, S.A.B. de C.V. 549300ZCGJ6T8YDJ4M34 N/A 298090.00000000 NS 80462.59000000 0.331348875657 Long EC CORP MX N 1 N N N Mr Price Group Ltd 378900D3417C35C5D733 N/A 15146.00000000 NS 96701.12000000 0.398219935336 Long EC CORP ZA N 1 N N N NAN YA PLASTICS CORPORATION 254900L66RP14M9UOM28 N/A 217000.00000000 NS 392588.06000000 1.616696806274 Long EC CORP TW N 1 N N N SAPPI LIMITED 549300SSI7XQH8ESJG95 N/A 56168.00000000 NS 66013.43000000 0.271846529036 Long EC CORP ZA N 1 N N N Sinopec Shanghai Petrochemical Company Limited 5299008RZ0G8ACZ8ZU65 N/A 956000.00000000 NS 236764.91000000 0.975009463698 Long EC CORP CN N 1 N N N CHINA CITIC BANK CORPORATION LIMITED 300300C1030211000384 N/A 800000.00000000 NS 395227.35000000 1.627565531405 Long EC CORP CN N 1 N N N Bukit Asam Tbk PT 529900XX13TXG5L4CN33 N/A 1358000.00000000 NS 181622.09000000 0.747928637595 Long EC CORP ID N 1 N N N STANDARD BANK GROUP LIMITED 2549003PEZXUT7MDBU41 N/A 25032.00000000 NS 143554.35000000 0.591163824931 Long EC CORP ZA N 1 N N N CIELO S.A. 635400V276LMQ5UZ6C26 N/A 74700.00000000 NS 63840.01000000 0.262896279320 Long EC CORP BR N 1 N N N Far Eastern New Century Corporation 254900CDLU5OS06M6K24 N/A 424000.00000000 NS 316229.54000000 1.302248691332 Long EC CORP TW N 1 N N N CHINA RESOURCES CEMENT HOLDINGS LIMITED 529900E0EOYXYJ0GHY66 N/A 296000.00000000 NS 353176.39000000 1.454397624229 Long EC CORP KY N 1 N N N AGRICULTURAL BANK OF CHINA LIMITED 549300E7TSGLCOVSY746 N/A 1231000.00000000 NS 493829.09000000 2.033612312734 Long EC CORP CN N 1 N N N PT United Tractors Tbk 529900N9ELYOWQV4FW14 N/A 162000.00000000 NS 167963.19000000 0.691680620253 Long EC CORP ID N 1 N N N ROSTELEKOM PAO 2534001D752JPNM0H170 N/A 410660.00000000 NS 387195.43000000 1.594489692542 Long EC CORP RU N 1 N N N THE FOSCHINI GROUP LIMITED N/A N/A 24895.00000000 NS 94282.78000000 0.388261093097 Long EC CORP ZA N 1 N N N FORD OTOMOTIV SANAYI ANONIM SIRKETI N/A N/A 21219.00000000 NS 158358.42000000 0.652127708266 Long EC CORP TR N 1 N N N Compal Electronics, Inc. 529900ZPKWFDL21LW166 N/A 942000.00000000 NS 538997.85000000 2.219619472594 Long EC CORP TW N 1 N N N MINI MSCI EMERGING MARKETS INDEX FUTURE JUN20 N/A N/A 5.00000000 NC USD 6604.85000000 0.027199094900 N/A DE US N 1 IFUS N/A Long US MSCI Emerging Markets Equity Index Future Jun 2020 MMEM0 2020-06-19 204120.15000000 USD 6604.85000000 N N N WPG HOLDINGS LIMITED N/A N/A 446000.00000000 NS 523664.63000000 2.156476523713 Long EC CORP TW N 1 N N N POWERTECH TECHNOLOGY INC. 254900O6KNZXH2RI9Q14 N/A 122000.00000000 NS 346611.54000000 1.427363251281 Long EC CORP TW N 1 N N N MAGNIT PAO 2534009KKPTVL99W2Y12 N/A 6165.00000000 NS 251558.11000000 1.035928583843 Long EC CORP RU N 1 N N N QUANTA COMPUTER INC. 529900DE8BIV3XOXIK04 N/A 223000.00000000 NS 444008.60000000 1.828449101530 Long EC CORP TW N 1 N N N ABSA GROUP LIMITED 2138006IPPRD4N6XLT30 N/A 25114.00000000 NS 105414.71000000 0.434102924555 Long EC CORP ZA N 1 N N N CHINA CINDA ASSET MANAGEMENT CO., LTD. 3003008W60YAHL9CQE51 N/A 1299000.00000000 NS 246311.51000000 1.014322828783 Long EC CORP CN N 1 N N N Grupo Mexico, Sociedad Anonima Bursatil de Capital Variable 529900JWLZAYET2ZGW20 N/A 106229.00000000 NS 195969.50000000 0.807011972746 Long EC CORP MX N 1 N N N China Shenhua Energy Company Limited 529900N9JOX4C108MA40 N/A 171000.00000000 NS 325567.24000000 1.340701796014 Long EC CORP CN N 1 N N N Jasmine International Public Company Limited 529900PN5FVZ5WZLIY66 N/A 867000.00000000 NS 129481.87000000 0.533212664948 Long EC CORP TH N 1 N N N TA CHEN STAINLESS PIPE CO., LTD. 254900953CKYO1W5WB63 N/A 330000.00000000 NS 293600.13000000 1.209059675663 Long EC CORP TW N 1 N N N Banpu Public Company Limited 529900AJ2Z6SUR6TSW75 N/A 582500.00000000 NS 94094.79000000 0.387486941095 Long EC CORP TH N 1 N N N BANK POLSKA KASA OPIEKI - SPOLKA AKCYJNA 5493000LKS7B3UTF7H35 N/A 14337.00000000 NS 194735.12000000 0.801928735615 Long EC CORP PL N 1 N N N PTT Global Chemical Public Company Limited 5493007X3230PPPZFF40 N/A 180900.00000000 NS 168163.67000000 0.692506206685 Long EC CORP TH N 1 N N N POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA QLPCKOOKVX32FUELX240 N/A 39852.00000000 NS 302081.48000000 1.243986289218 Long EC CORP PL N 1 N N N FORMOSA TAFFETA CO.,LTD N/A N/A 373000.00000000 NS 379970.23000000 1.564735966041 Long EC CORP TW N 1 N N N BANK OF CHINA LIMITED 54930053HGCFWVHYZX42 N/A 1135000.00000000 NS 434821.03000000 1.790614239521 Long EC CORP CN N 1 N N N Taiwan Cement Corp. 529900C56C3PB9X9ZO58 N/A 329000.00000000 NS 429816.44000000 1.770005093462 Long EC CORP TW N 1 N N N BLACKROCK LIQUIDITY FUNDS TEMPFUND PORTFOLIO N/A 09248U619 1972.00000000 NS USD 1972.49000000 0.008122810162 Long STIV RF US N 1 N N FIDELITY GOVERNMENT PORTFOLIO N/A 1849969A6 23981.00000000 NS USD 23980.50000000 0.098752870280 Long STIV RF US N 1 N N MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS - PRIME PORTFOL N/A 61747C715 35291.00000000 NS USD 35290.97999999 0.145329979358 Long STIV RF US N 1 N N GOLDMAN SACHS FINANCIAL SQUARE PRIME OBLIGATIONS FUND N/A 38141W364 13717.00000000 NS USD 13716.67999999 0.056485958204 Long STIV RF US N 1 N N JPMORGAN PRIME MONEY MARKET FUND N/A 4812A0367 7849.00000000 NS USD 7849.06999999 0.032322853632 Long STIV RF US N 1 N N FIDELITY PRIME MONEY MARKET PORTFOLIO N/A 31607A208 984.00000000 NS USD 983.94999999 0.004051954159 Long STIV RF US N 1 N N 2020-04-30 Victory Portfolios II Allan Shaer Allan Shaer Treasurer XXXX