Fund Description: VictoryShares Dividend Accelerator ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Victory Portfolios II, formerly Compass EMP Funds Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The VictoryShares Dividend Accelerator ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Victory Dividend Accelerator Index. INDEX DESCRIPTION: The Nasdaq Victory Dividend Accelerator Index utilizes a rules-based approach designed to identify dividend paying stocks with a higher likelihood of future dividend growth. The companies eligible for inclusion in the Index are derived from its starting universe, the mid- to large-capitalization U.S. companies included in the Nasdaq US Large Mid Cap Index (Parent Index), an index maintained by Nasdaq Inc., the Index Provider. The Parent Index consists of those companies with market capitalizations representing the top 90% of the U.S. investable universe. The Index screens companies in the Parent Index using a number of proprietary fundamental factors that have been identified by a quantitative multi-factor selection process developed by the Adviser to identify dividend paying companies with a higher probability of future dividend growth. Within this smaller set of companies, the Index weights the constituent securities using a methodology designed to maximize dividend growth, measured at a portfolio level, within established portfolio constraints (such as maximum weightings of index constituents and sectors). FUND STRATEGY: The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities included in the Index. The Fund generally seeks to track the returns of the Index by employing a replication strategy that seeks to hold all of the stocks in the Index in proportion to their weightings in the Index. FUND MANAGEMENT: Victory Capital Management Inc. serves as the Fund's investment adviser.