Truist reports 7.363% stake in Victory ETF

Truist Financial Corporation, as parent of Truist Advisory Services, reports beneficial ownership of 1,119,138 shares of Victory Portfolios II, an exchange traded fund.

Rhea-AI Filing Summary

Truist Financial Corporation, as parent of Truist Advisory Services, reports beneficial ownership of 1,119,138 shares of Victory Portfolios II, an exchange traded fund. This position represents 7.363% of the fund’s outstanding shares, indicating that Truist is a significant institutional holder.

Truist reports no sole or shared voting power over these shares, but has sole dispositive power to sell or otherwise dispose of the 1,119,138 shares. The position is certified as being held in the ordinary course of business and not with the purpose or effect of changing or influencing control of the fund.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Truist Financial (TFC) report in Victory Portfolios II?

Truist Financial reports beneficial ownership of 1,119,138 shares of Victory Portfolios II, representing 7.363% of the fund’s outstanding shares.

Does Truist Financial have voting power over the Victory Portfolios II shares?

Truist Financial reports no sole or shared voting power over the Victory Portfolios II shares, but does have sole dispositive power over 1,119,138 shares.

How does Truist Financial hold its Victory Portfolios II position?

The position is reported by Truist Financial Corporation as parent holding company for Truist Advisory Services, Inc., an affiliated registered investment adviser.

Is Truist’s ownership in Victory Portfolios II intended to influence control?

Truist certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Victory Portfolios II.

What type of security in Victory Portfolios II does Truist hold?

Truist’s reported position is in an exchange traded fund class of Victory Portfolios II, identified by CUSIP 92647P126.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/20/2026 - 02:19 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Victory Portfolios II

(Name of Issuer)

Exchanged Traded Fund

(Title of Class of Securities)

92647P126

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 92647P126

1

Names of Reporting Persons

TRUIST FINANCIAL CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,119,138.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,119,138.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.4 %

12

Type of Reporting Person (See Instructions)

IA, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Victory Portfolios II
(b)	Address of issuer's principal executive offices: 4900 TIEDEMAN ROAD, 4TH FLOOR, 4900 TIEDEMAN ROAD, 4TH FLOOR, BROOKLYN, OHIO, 44144.
Item 2.
(a)	Name of person filing: Truist Financial Corporation as Parent Holding Company for Truist Advisory Services, Inc. an affiliated Registered Investment Advisor
(b)	Address or principal business office or, if none, residence: 214 North Tryon Street Charlotte, NC 28202
(c)	Citizenship: Truist Financial Corporation is a North Carolina Corporation; Truist Advisory Services, Inc. is a Delaware Corporation
(d)	Title of class of securities: Exchanged Traded Fund
(e)	CUSIP No.: 92647P126
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1119138
(b)	Percent of class: 7.363 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1119138
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TRUIST FINANCIAL CORP

Signature:	Edward M. Kwiatkowski
Name/Title:	Vice President
Date:	01/20/2026