The VictoryShares US EQ Income Enhanced Volatility Wtd ETF aims to mirror the investment outcomes of the Nasdaq Victory US Large Cap High Dividend 100 Long/Cash Volatility Weighted Index (referred to as the "Long/Cash Index"), prior to the deduction of fees and expenses. This fund utilizes a distinctive "Volatility Weighting" approach, which integrates fundamental criteria with volatility-based weighting in an effort to achieve superior performance compared to conventional market-capitalization-weighted index strategies. A key characteristic of the Long/Cash Index is its adaptive mechanism for equity exposure: it strategically diminishes its stock market presence during significant downturns and then re-enters the market as prices continue to fall or show signs of recovery. The index's rebalancing decisions are predicated on the month-end value of the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index (the "Reference Index") relative to its All-Time Highest Daily Closing Value (AHDCV), which represents the peak daily closing price recorded by the Reference Index since its inception.

The Coca-Cola Company

FirstEnergy Corp.

Evergy, Inc.

Duke Energy Corporation

WEC Energy Group, Inc.

Alliant Energy Corporation

DTE Energy Company

Automatic Data Processing, Inc.

The Southern Company

CMS Energy Corporation

Financial Services

Utilities

Consumer Defensive

Energy

Healthcare

Technology

Consumer Cyclical

Communication Services

Industrials

Cash & Others

VictoryShares US EQ Income Enhanced Volatility Wtd ETF

CDC Holdings & Sector Breakdown