TO THE EXPENSE LIMITATION AGREEMENT DATED MAY 1, 2021
SCHEDULE A
TO THE EXPENSE LIMITATION AGREEMENT DATED MAY 1, 2021
BETWEEN
VICTORY PORTFOLIOS II AND VICTORY CAPITAL MANAGEMENT INC.
OPERATING EXPENSE LIMITS AS OF August 26, 2025
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|
Maximum |
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|
Operating |
|
Fund/Class |
Expense Limit |
|
|
Effective Date of |
Date of Termination |
|
Waiver |
Victory Market Neutral Income Fund
Class A |
0.76% |
Class C |
1.51% |
Class I |
0.41% |
Member Class |
0.56% |
October 31, 2026
October 31, 2026
October 31, 2026
October 31, 2026
November 1, 2025
November 1, 2025
November 1, 2025
November 1, 2025
VictoryShares US 500 Volatility Wtd |
0.35% |
October 31, 2026 |
November 1, 2025 |
ETF |
|
|
|
VictoryShares US 500 Enhanced |
0.35% |
October 31, 2026 |
November 1, 2025 |
Volatility Wtd ETF |
|
|
|
VictoryShares US EQ Income |
0.35% |
October 31, 2026 |
November 1, 2025 |
Enhanced Volatility Wtd ETF |
|
|
|
VictoryShares International Volatility |
0.45% |
October 31, 2026 |
November 1, 2025 |
Wtd ETF |
|
|
|
VictoryShares US Large Cap High Div |
0.35% |
October 31, 2026 |
November 1, 2025 |
Volatility Wtd ETF |
|
|
|
VictoryShares US Small Cap High Div |
0.35% |
October 31, 2026 |
November 1, 2025 |
Volatility Wtd ETF |
|
|
|
VictoryShares Dividend Accelerator |
0.35% |
October 31, 2026 |
November 1, 2025 |
ETF |
|
|
|
VictoryShares US Multi-Factor |
0.35% |
October 31, 2026 |
November 1, 2025 |
Minimum Volatility ETF |
|
|
|
VictoryShares Core Intermediate |
0.40% |
October 31, 2026 |
November 1, 2025 |
Bond ETF |
|
|
|
VictoryShares Short-Term Bond ETF |
0.35% |
October 31, 2026 |
November 1, 2025 |
VictoryShares Emerging Markets |
0.45% |
October 31, 2026 |
November 1, 2025 |
Value Momentum ETF |
|
|
|
VictoryShares International Value |
0.35% |
October 31, 2026 |
November 1, 2025 |
Momentum ETF |
|
|
|
VictoryShares US Small Mid Cap |
0.25% |
October 31, 2026 |
November 1, 2025 |
Value Momentum ETF |
|
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|
(Maximum Operating Expense Limit excluding acquired fund fees and expenses and certain other items such as interest, taxes and brokerage commissions)
B-1
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Maximum |
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Operating |
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Effective Date of |
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||
|
Fund/Class |
|
Expense Limit |
Date of Termination |
|
|
Waiver |
|
||
|
VictoryShares US Value Momentum |
0.20% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
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|
ETF |
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October 31, 2026 |
|
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VictoryShares Core Plus Intermediate |
0.40% |
|
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|
|
November 1, 2025 |
|||
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Bond ETF |
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|
VictoryShares Corporate Bond ETF |
|
0.40% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
|
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|
VictoryShares WestEnd US Sector |
|
0.46% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
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ETF |
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VictoryShares Free Cash Flow ETF |
0.39% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
||
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VictoryShares Small Cap Free Cash |
|
0.49% |
|
|
October 31, 2026 |
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November 1, 2025 |
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|
Flow ETF |
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VictoryShares WestEnd Global Equity |
0.60% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
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ETF |
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||
|
VictoryShares WestEnd Dynamic |
|
0.70% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
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|
Equity ETF |
|
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VictoryShares WestEnd Economic |
0.40% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
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Cycle Bond ETF |
|
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|
VictoryShares Hedged Equity Income |
|
0.55% |
|
|
October 31, 2026 |
|
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November 1, 2025 |
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ETF |
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VictoryShares Free Cash Flow |
0.39% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
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Growth ETF |
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VictoryShares International Free |
|
0.56% |
|
|
October 31, 2026 |
|
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November 1, 2025 |
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Cash Flow ETF |
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VictoryShares International Free |
0.56% |
|
|
October 31, 2026 |
|
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November 1, 2025 |
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Cash Flow Growth ETF |
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VictoryShares Pioneer Asset-Based |
|
0.65% |
|
|
October 31, 2026 |
|
|
November 1, 2025 |
|
|
Income ETF |
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(Maximum Operating Expense Limit excluding acquired fund fees and expenses and certain other items such as interest, taxes and brokerage commissions)
B-2