Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
US ˙ NasdaqGM ˙ US92647N7663

SecurityCFA / Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
InstitutionNorthwestern Mutual Wealth Management Co
Latest Disclosed Ownership196,239 shares
Latest Disclosed Value $ 17,951,760
Northwestern Mutual Wealth Management Co reports 18.49% decrease in ownership of CFA / Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF

On May 7, 2026 - Northwestern Mutual Wealth Management Co filed a 13F-HR form disclosing ownership of 196,239 shares of Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF (US:CFA) valued at $17,951,767 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 10, 2026 disclosing 240,762 shares of Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF. This represents a change in shares of -18.49% during the quarter. The current value of the position is $18,952,547 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-07 2026-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 196,239 -44,523 -18.49 17,952 -18.07 0.0111
2026-02-10 2025-12-31 13F/A-1 VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 240,762 8,514 3.67 21,912 3.70 0.0139
2026-02-05 2025-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 47,307 -184,941 1,736 0.0011
2025-11-14 2025-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 232,248 -55,991 -19.43 21,130 -16.66 0.0141
2025-08-13 2025-06-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 288,239 5,920 2.10 25,354 6.36 0.0185
2025-05-14 2025-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 282,319 132,113 87.95 23,839 86.91 0.0195
2025-02-11 2024-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 150,206 1,317 0.88 12,754 -0.56 0.0108
2024-11-12 2024-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 148,889 37,685 33.89 12,826 45.37 0.0114
2024-08-16 2024-06-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 111,204 52,612 89.79 8,823 85.08 0.0087
2024-05-15 2024-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 58,592 -6,358 -9.79 4,767 -1.65 0.0049
2024-02-13 2023-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 64,950 -281 -0.43 4,847 9.14 0.0055
2023-11-14 2023-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 65,231 -7,663 -10.51 4,442 -14.28 0.0058
2023-08-14 2023-06-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 72,894 -56,693 -43.75 5,181 -41.84 0.0067
2023-05-15 2023-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 129,587 2,943 2.32 8,909 3.85 0.0124
2023-02-21 2022-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 126,644 889 0.71 8,579 11.88 0.0130
2022-11-14 2022-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 125,755 9,466 8.14 7,667 2.68 0.0134
2022-08-04 2022-06-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 116,289 -6,313 -5.15 7,467 -17.74 0.0128
2022-05-09 2022-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 122,602 4,535 3.84 9,077 -1.01 0.0145
2022-02-03 2021-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 118,067 5,303 4.70 9,170 14.34 0.0150
2021-11-15 2021-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 112,764 7,397 7.02 8,020 6.79 0.0147
2021-08-13 2021-06-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 105,367 31,239 42.14 7,510 50.95 0.0143
2021-05-14 2021-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 74,128 2,005 2.78 4,975 10.73 0.0106
2021-02-12 2020-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 72,123 2,195 3.14 4,493 18.46 0.0104
2020-11-13 2020-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 69,928 1,934 2.84 3,793 10.45 0.0102
2020-08-14 2020-06-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 67,994 -7,981 -10.50 3,434 6.58 0.0106
2020-05-08 2020-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 75,975 23,172 43.88 3,222 8.16 0.0124
2020-02-13 2019-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 52,803 4,055 8.32 2,979 15.47 0.0102
2019-11-12 2019-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 48,748 9,688 24.80 2,580 25.92 0.0098
2019-08-12 2019-06-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 39,060 27,013 224.23 2,049 238.68 0.0082
2019-05-10 2019-03-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 12,047 -75,269 -86.20 605 -84.24 0.0026
2019-02-12 2018-12-31 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 87,316 -47,305 -35.14 3,840 -44.92 0.0192
2018-11-01 2018-09-30 13F VICTORY PORTFOLIOS II VCSHS US 500 VOL 92647N766 134,621 73,235 119.30 6,972 129.80 0.0352
2018-08-10 2018-06-30 13F VICTORY PORTFOLIOS II SHS US 500 VOLA 92647N766 61,386 58,862 2,332.09 3,034 2,366.67 0.0170
2018-05-14 2018-03-31 13F VICTORY PORTFOLIOS II SHS US 500 VOLA 92647N766 2,524 2,250 821.17 123 846.15 0.0007
2018-01-31 2017-12-31 13F VICTORY PORTFOLIOS II SHS US 500 VOLA 92647N766 274 274 13 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.