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        <name>TESLA AUTO LEASE TRUST</name>
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        <name>WORLD OMNI SELECT AUTO TRUST</name>
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        <name>ENTERPRISE FLEET FINANCING LLC</name>
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        <name>THE BANK OF NOVA SCOTIA</name>
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        <name>GLS AUTO RECEIVABLES TRUST</name>
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        <name>SANTANDER BANK, N.A.</name>
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        <name>AMUR EQUIPMENT FINANCE RECEIVABLES LLC</name>
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        <name>POST ROAD EQUIPMENT FINANCE LLC</name>
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        <name>PHINIA HOLDINGS JERSEY LTD</name>
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        <name>Nationwide Building Society</name>
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        <name>CARMAX AUTO OWNER TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>United Airlines Pass Through Trust</name>
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        <name>GREENVILLE SPARTANBURG S C ARPT DIST ARPT SYS REV</name>
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        <name>Government National Mortgage Association</name>
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        <name>VOLKSWAGEN GROUP OF AMERICA FINANCE, LLC</name>
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        <name>EQM MIDSTREAM PARTNERS, LP</name>
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        <name>Highwoods Realty Limited Partnership</name>
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        <name>GS MORTGAGE SECURITIES CORPORATION TRUST</name>
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        <name>SANTANDER BANK, N.A.</name>
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        <name>CENTERPOINT ENERGY, INC.</name>
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        <name>MMAF EQUIPMENT FINANCE LLC</name>
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        <name>CHEVRON PHILLIPS CHEMICAL COMPANY LLC</name>
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        <name>VERISIGN, INC.</name>
        <lei>LMPL4N8ZOJRMF0KOF759</lei>
        <title>VERISIGN INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SANTANDER BANK, N.A.</name>
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        <name>KUBOTA CREDIT OWNER TRUST</name>
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        <name>EMERGENT AUTO RECEIVABLES TRUST</name>
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      <invstOrSec>
        <name>ALGONQUIN POWER &amp; UTILITIES CORP.</name>
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        <name>GTE AUTO RECEIVABLES TRUST</name>
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        <name>SCF EQUIPMENT LEASING LLC</name>
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        <name>Amcor Flexibles North America, Inc</name>
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        <name>AUXILIOR TERM FUNDING LLC</name>
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        <name>FMC CORPORATION</name>
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        <name>VERIDIAN AUTO RECEIVABLES TRUST</name>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE SOUTHERN COMPANY</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SOUTHERN CO THE</title>
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          <other otherDesc="Internal" value="BMG6YH0"/>
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        <valUSD>6253765.79000000</valUSD>
        <pctVal>0.548594814221</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FMC CORPORATION</name>
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        <valUSD>399606.44000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCEDES-BENZ FINANCE NORTH AMERICA LLC</name>
        <lei>549300423Z16BB673J12</lei>
        <title>MERCEDES BENZ FINANCE NORTH AMERICA LLC</title>
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          <other otherDesc="Internal" value="58769JBC0"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>750757.74000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TESLA ELECTRIC VEHICLE TRUST</name>
        <lei>N/A</lei>
        <title>TESLA ELECTRIC VEHICLE TRUST 2023 1</title>
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        <identifiers>
          <isin value="US881943AF14"/>
          <other otherDesc="Internal" value="881943AF1"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1331916.35000000</valUSD>
        <pctVal>0.116838785960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.82000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios II</ncom:nameOfApplicant>
      <ncom:signature>Carol Trevino</ncom:signature>
      <ncom:signerName>Carol Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
