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        <name>FIRST CITIZENS BANCSHARES, INC.</name>
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        <name>JABIL INC.</name>
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        <name>KIMCO REALTY CORPORATION.</name>
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        <name>NISOURCE INC.</name>
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        <name>UNITED AIRLINES HOLDINGS, INC.</name>
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        <name>Dominion Energy, Inc.</name>
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        <name>OWENS CORNING</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>TWILIO INC.</name>
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        <name>FEDEX CORPORATION</name>
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        <name>BUILDERS FIRSTSOURCE, INC.</name>
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        <name>JEFFERIES FINANCIAL GROUP INC.</name>
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        <name>HP INC.</name>
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        <name>PALANTIR TECHNOLOGIES INC.</name>
        <lei>549300UVN46B3BBDHO85</lei>
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        <name>FISERV, INC.</name>
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        <name>GODADDY INC.</name>
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        <name>GILEAD SCIENCES, INC.</name>
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        <name>The Bank of New York Mellon Corporation</name>
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        <name>US FOODS HOLDING CORP.</name>
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        <name>VISTRA CORP.</name>
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        <name>BLACKROCK, INC.</name>
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        <name>LABCORP HOLDINGS INC.</name>
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        <name>TRIMBLE INC.</name>
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        <name>THE PNC FINANCIAL SERVICES GROUP, INC.</name>
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        <name>BOSTON SCIENTIFIC CORPORATION</name>
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        <name>S P 500 EMINI FUTURE JUN25</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>QUEST DIAGNOSTICS INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROBINHOOD MARKETS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VICI PROPERTIES INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMEREN CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>META PLATFORMS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CITIGROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NETAPP, INC.</name>
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        <name>HOWMET AEROSPACE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CVS HEALTH CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MARATHON PETROLEUM CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>REVVITY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>COREBRIDGE FINANCIAL, INC.</name>
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        <name>NEWS CORPORATION</name>
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        <name>CENTENE CORPORATION</name>
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        <name>TARGA RESOURCES CORP.</name>
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        <name>WELLTOWER INC.</name>
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        <name>STEEL DYNAMICS, INC.</name>
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        <name>WEYERHAEUSER COMPANY</name>
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        <name>SPROUTS FARMERS MARKET, INC.</name>
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        <name>DOW INC.</name>
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        <name>AXON ENTERPRISE, INC.</name>
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        <name>INTUITIVE SURGICAL, INC.</name>
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        <name>M&amp;T BANK CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LEIDOS HOLDINGS, INC.</name>
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        <name>MICROSTRATEGY INCORPORATED</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SNAP-ON INCORPORATED</name>
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        <name>STATE STREET CORPORATION</name>
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        <name>INTERNATIONAL PAPER COMPANY</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LENNAR CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HEWLETT PACKARD ENTERPRISE COMPANY</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>AVALONBAY COMMUNITIES, INC.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AVALONBAY COMMUNITIES INC</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE KROGER CO.</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEDTRONIC PUBLIC LIMITED COMPANY</name>
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        <invCountry>IE</invCountry>

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        <fairValLevel>1</fairValLevel>
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      </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>
