Truist Financial reports 10.11% stake in Victory ETF

Truist Financial Corporation, as parent holding company for Truist Advisory Services, Inc., reports beneficial ownership of shares of Victory Portfolios II – Exchange Traded Fund under a Schedule 13G/A. The stake relates to securities with CUSIP 92647X798.

Rhea-AI Filing Summary

Truist Financial Corporation, as parent holding company for Truist Advisory Services, Inc., reports beneficial ownership of shares of Victory Portfolios II – Exchange Traded Fund under a Schedule 13G/A. The stake relates to securities with CUSIP 92647X798.

Truist reports beneficial ownership of 188,007 shares, representing 10.11% of the fund’s outstanding class. It has sole power to dispose or direct the disposition of all 188,007 shares, but reports no sole or shared voting power over the shares. Truist Financial Corporation is organized in North Carolina, while Truist Advisory Services, Inc. is organized in Delaware.

Key Figures

Shares beneficially owned: 188,007 shares Percent of class owned: 10.11% Sole dispositive power: 188,007 shares +2 more

5 metrics

Shares beneficially owned 188,007 shares Beneficial ownership of Victory Portfolios II ETF reported by Truist

Percent of class owned 10.11% Portion of Victory Portfolios II ETF class beneficially owned

Sole dispositive power 188,007 shares Shares over which Truist has sole power to dispose

Sole voting power 0 shares Shares over which Truist has sole power to vote

CUSIP 92647X798 Identifier for Victory Portfolios II Exchange Traded Fund

Key Terms

beneficially owned, Sole dispositive power, Percent of class, Parent Holding Company, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 188007"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 188007"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Percent of class financial

"Percent of class: 10.11 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Parent Holding Company financial

"Truist Financial Corporation as Parent Holding Company for Truist Advisory"

Registered Investment Advisor financial

"Truist Advisory Services, Inc. an affiliated Registered Investment Advisor"

A registered investment advisor is a professional or firm that provides financial advice and manages investments for clients, operating under regulations that require them to act in their clients' best interests. This designation helps investors identify trustworthy advisors who are legally committed to providing transparent and fair guidance, much like a licensed doctor is bound to prioritize patient well-being.

FAQ

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

What stake in Victory Portfolios II does Truist Financial (TFC) report on this Schedule 13G/A?

Truist Financial reports beneficial ownership of 188,007 shares of Victory Portfolios II – Exchange Traded Fund, representing 10.11% of the outstanding class, according to the Schedule 13G/A filing.

Does Truist Financial (TFC) have voting power over its Victory Portfolios II ETF shares?

Truist Financial reports no sole or shared voting power over its Victory Portfolios II ETF shares, but it does report sole dispositive power over 188,007 shares, meaning it can direct how those shares are disposed.

What type of securities in Victory Portfolios II are covered in Truist Financial’s (TFC) filing?

The filing covers shares of an Exchange Traded Fund issued by Victory Portfolios II, identified by CUSIP 92647X798, with Truist reporting its beneficial ownership under Schedule 13G/A.

How is Truist Advisory Services, Inc. related to Truist Financial (TFC) in this 13G/A?

Truist Financial files as Parent Holding Company for Truist Advisory Services, Inc., an affiliated Registered Investment Advisor that is associated with the reported beneficial ownership of Victory Portfolios II ETF shares.

What is the citizenship or organization status of Truist entities in this Schedule 13G/A?

The filing states Truist Financial Corporation is a North Carolina corporation, while Truist Advisory Services, Inc. is a Delaware corporation, providing jurisdictional detail for the reporting entities involved.

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

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Available on EDGAR 08/08/2026 - 02:12 PM Accepted by SEC EDGAR 08/06/2026 - 10:02 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Victory Portfolios II

(Name of Issuer)

Exchange Traded Fund

(Title of Class of Securities)

92647X798

(CUSIP Number)

07/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 92647X798

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 188,007.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

188,007.00

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)

10.1 %

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: Exchange Traded Fund
(e)	CUSIP No.: 92647X798
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: 188007
(b)	Percent of class: 10.11 %
(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: 188007
	(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:	08/06/2026