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 30, 2022
|
Maximum |
|
|
|
Operating |
|
Effective Date of |
Fund/Class |
Expense Limit |
Date of Termination |
Waiver |
Victory US 500 Enhanced Volatility |
|
|
|
Wtd Index Fund |
|
|
|
Class A |
0.99% |
October 31, 2022 |
November 1, 2021 |
Class C |
1.74% |
October 31, 2022 |
November 1, 2021 |
Class I |
0.74% |
October 31, 2022 |
November 1, 2021 |
|
|
|
|
Victory Market Neutral Income Fund |
|
|
|
|
|
|
|
Class A |
0.75% |
October 31, 2022 |
November 1, 2021 |
Class C |
1.50% |
October 31, 2022 |
November 1, 2021 |
Class I |
0.40% |
October 31, 2022 |
November 1, 2021 |
Member Class |
0.55% |
October 31, 2022 |
November 1, 2021 |
|
|
|
|
VictoryShares US 500 Volatility Wtd |
0.35% |
October 31, 2022 |
November 1, 2021 |
ETF |
|
|
|
|
|
|
|
VictoryShares US Discovery |
0.35% |
October 31, 2022 |
November 1, 2021 |
Enhanced Volatility Wtd ETF |
|
|
|
VictoryShares US 500 Enhanced |
0.35% |
October 31, 2022 |
November 1, 2021 |
Volatility Wtd ETF |
|
|
|
|
|
|
|
VictoryShares Developed Enhanced |
0.45% |
October 31, 2022 |
November 1, 2021 |
Volatility Wtd ETF |
|
|
|
VictoryShares US EQ Income |
0.35% |
October 31, 2022 |
November 1, 2021 |
Enhanced Volatility Wtd ETF |
|
|
|
|
|
|
|
VictoryShares US Small Cap Volatility |
0.35% |
October 31, 2022 |
November 1, 2021 |
Wtd ETF |
|
|
|
|
|
|
|
VictoryShares International Volatility |
0.45% |
October 31, 2022 |
November 1, 2021 |
Wtd ETF |
|
|
|
|
|
|
|
VictoryShares US Large Cap High Div |
0.35% |
October 31, 2022 |
November 1, 2021 |
Volatility Wtd ETF |
|
|
|
|
|
|
|
VictoryShares US Small Cap High Div |
0.35% |
October 31, 2022 |
November 1, 2021 |
Volatility Wtd ETF |
|
|
|
|
|
|
|
VictoryShares International High Div |
0.45% |
October 31, 2022 |
November 1, 2021 |
Volatility Wtd ETF |
|
|
|
|
|
|
|
(Maximum Operating Expense Limit excluding acquired fund fees and expenses and certain other items such as interest, taxes and brokerage commissions)
B-1
|
Maximum |
|
|
|
Operating |
|
Effective Date of |
Fund/Class |
Expense Limit |
Date of Termination |
Waiver |
VictoryShares Emerging Market High |
0.50% |
October 31, 2022 |
November 1, 2021 |
Div Volatility Wtd ETF |
|
|
|
VictoryShares Dividend Accelerator |
0.35% |
October 31, 2022 |
November 1, 2021 |
ETF |
|
|
|
|
|
|
|
VictoryShares US Multi-Factor |
0.35% |
October 31, 2022 |
November 1, 2021 |
Minimum Volatility ETF |
|
|
|
|
|
|
|
VictoryShares USAA Core |
0.40% |
October 31, 2022 |
November 1, 2021 |
Intermediate-Term Bond ETF |
|
|
|
|
|
|
|
VictoryShares USAA Core Short-Term |
0.35% |
October 31, 2022 |
November 1, 2021 |
Bond ETF |
|
|
|
|
|
|
|
VictoryShares Emerging Markets |
0.45% |
October 31, 2022 |
November 1, 2021 |
Value Momentum ETF* |
|
|
|
|
|
|
|
VictoryShares International Value |
0.35% |
October 31, 2022 |
November 1, 2021 |
Momentum ETF* |
|
|
|
|
|
|
|
VictoryShares US Small Cap Value |
0.25% |
October 31, 2022 |
November 1, 2021 |
Momentum ETF* |
|
|
|
|
|
|
|
VictoryShares US Value Momentum |
0.20% |
October 31, 2022 |
November 1, 2021 |
ETF* |
|
|
|
|
|
|
|
VictoryShares Nasdaq Next 50 ETF |
0.18% |
October 31, 2022 |
November 1, 2021 |
|
|
|
|
VictoryShares ESG Core Plus Bond |
0.40% |
October 31, 2022 |
June 1, 2021 |
ETF |
|
|
|
VictoryShares ESG Corporate Bond |
0.40% |
October 31, 2022 |
June 1, 2021 |
ETF |
|
|
|
|
|
|
|
VictoryShares THB Mid Cap ESG ETF |
0.55% |
October 31, 2022 |
June 1, 2021 |
|
|
|
|
VictoryShares WestEnd US Sector |
0.34% |
October 31, 2023 |
August 30, 2022 |
ETF** |
|
|
|
|
|
|
|
*Pending Name Change Effective 11/1
**Pending Launch
(Maximum Operating Expense Limit excluding acquired fund fees and expenses and certain other items such as interest, taxes and brokerage commissions)
B-2