Truist Financial (TFC) reports 1.06M shares (5.29%) of Victory Portfolios II ETF

Rhea-AI Filing Summary

Truist Financial Corporation reported a passive ownership stake in Victory Portfolios II ETF. The filing states Truist (as parent holding company for Truist Advisory Services, Inc.) beneficially owns 1,063,157 shares of the ETF (CUSIP 92647P126), representing 5.29% of the class. The filing shows sole dispositive power for 1,063,157 shares and no voting power. The report is signed by Caroline D. Hoang as Assistant Vice President on 07/08/2026.

Key Figures

Beneficial ownership: 1,063,157 shares Percent of class: 5.29% Sole dispositive power: 1,063,157 shares +2 more

5 metrics

Beneficial ownership 1,063,157 shares Amount beneficially owned reported on Schedule 13G

Percent of class 5.29% Percent of class reported in Item 4(b)

Sole dispositive power 1,063,157 shares Item 4(c)(iii) lists sole power to dispose or direct disposition

Sole voting power 0 Item 4(c)(i) lists sole voting power as zero

CUSIP 92647P126 Security identifier for Victory Portfolios II ETF

Key Terms

Schedule 13G, Beneficial ownership, Sole dispositive power, CUSIP, +1 more

5 terms

Schedule 13G regulatory

"Item 2. | (a) | Name of person filing: Truist Financial Corporation as Parent"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. | Ownership (a) | Amount beneficially owned: 1063157"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Item 4. | (iii) Sole power to dispose or to direct the disposition of: 1063157"

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.

CUSIP financial

"(d) | CUSIP Number(s): 92647P126"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

Exchange Traded Fund financial

"(d) | Title of class of securities: Exchange Traded Fund"

A pooled investment that trades on a stock exchange like a single share, giving investors instant exposure to a basket of assets such as stocks, bonds, or commodities. It matters because ETFs let investors buy or sell a diversified slice of the market quickly and usually at low cost — like buying a pre-built portfolio instead of picking individual stocks — which can lower risk and simplify trading strategies.

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

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Available on EDGAR 07/08/2026 - 07:19 PM Accepted by SEC EDGAR 07/08/2026 - 09:39 AM Learn about SEC filing dates

FAQ

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

Truist reports beneficial ownership of 1,063,157 shares (5.29%). The Schedule 13G lists the holding as 1,063,157 shares and calculates ownership at 5.29% of the ETF class using CUSIP 92647P126 per the filing.

Does Truist have voting control over the ETF shares reported by TFC?

No — the filing shows zero voting power. Itemized voting fields list 0 sole voting power and 0 shared voting power, while dispositive authority is shown as sole control for the full 1,063,157 shares.

Who filed the Schedule 13G on behalf of Truist (TFC)?

The filing was made by Truist Financial Corporation as parent for Truist Advisory Services, Inc. It is signed by Caroline D. Hoang, Assistant Vice President, with the signature date 07/08/2026 shown on the form.

What CUSIP and security class are disclosed in the TFC Schedule 13G?

The filing identifies the security as an Exchange Traded Fund with CUSIP 92647P126. Item fields list the issuer as Victory Portfolios II and classify the instrument under the form’s "Exchange Traded Fund" title.

Is Truist’s ownership described as passive or active in the Schedule 13G?

The Schedule 13G format indicates a passive/beneficial ownership reporting context. The form type used is Schedule 13G, which is submitted for certain passive investment positions rather than active control disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Victory Portfolios II

(Name of Issuer)

Exchange Traded Fund

(Title of Class of Securities)

92647P126

(CUSIP Number)

06/30/2026

(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): 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 1,063,157.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,063,157.00

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)

5.3 %

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, 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 Number(s): 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: 1063157
(b)	Percent of class: 5.29 %
(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: 1063157
	(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:	Caroline D. Hoang
Name/Title:	Assistant Vice President
Date:	07/08/2026