AMENDMENT NO. 5

TO

GLOBAL SECURITIES LENDING AGENCY AGREEMENT

This AMENDMENT NO. 5 TO GLOBAL SECURITIES LENDING AGENCY AGREEMENT, dated as of May 26, 2026 is made between CITIBANK, N.A., a national banking organization (the “Agent”) and VICTORY PORTFOLIOS, VICTORY VARIABLE INSUR- ANCE FUNDS AND VICTORY PORTFOLIOS II (EACH A “Fund”), ON BEHALF OF THEIR RESPECTIVE SERIES PORTFOLIOS, INDIVIDUALLY AND NOT JOINTLY (“Lender”).

WHERAS, Agent and Lender are parties to the Global Securities Lending Agency Agree- ment dated as of November 30, 2021 (as amended from time to time, the “GSLAA”).

WHEREAS, the parties wish to update the list of Lenders to comprehensively reflect the current list of Lenders, including joining additional Lenders to the GSLAA.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agree- ments herein set forth, the parties hereto agree as follows:

1.Termination of GSLAA with respect to VVIF

(a)VVIF represents that as of the date of this Amendment, all of its series portfolios that are party to the GSLAA have been liquidated in accordance with Applicable Law (as that term is defined in the GSLAA).

(b)In accordance with Section 16(a) (Termination) of the GSLAA, VVIF hereby ter- minates the GSLAA with respect to itself and its now-liquidated series portfolios.

(c)Beginning on the day that is 15 calendar days after the date of this Amendment,

(i) Agent will have no future rights, future obligations, and future liability under the GSLAA against VVIF or its series portfolios except as provided in Section 16(b) of the GSLAA, and (ii) VVIF or its series portfolios will have no future rights, future obligations or future liability under the GSLAA against Agent except as provided in Section 16(b) of the GSLAA.

(d)Beginning on the day that is 15 calendar days after the date of this Amendment VVIF and its series portfolios is no longer party to the GSLAA.

2.Exhibit A

GSLAA Exhibit A is hereby deleted in its entirety and replaced with the revised Exhibit A dated as of May 26, 2026, attached hereto. Newly joined Lenders are indicated by a “*” after their names.

Each additional Lender and Fund shall comply with the terms of the GSLAA and hereby makes the representations contained in it.

3.Miscellaneous

(a)This Amendment is governed by the laws of the State of New York (without giv- ing effect to its conflict of laws principles).

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(b)Except as amended hereby, the GSLAA shall remain in full force and effect with respect to (i) Agent and (ii) Victory Portfolio on behalf of its respective series portfolios, individ- ually and not jointly, and (iii) Victory Portfolios II on behalf of its respective series portfolios, individually and not jointly.

(c)This Amendment may be executed in counterparts, each of which is deemed an original, but all of which together constitutes one and the same instrument.

(d)GSLAA section 17 (Miscellaneous) is incorporated herein as if fully set forth in

this section 3.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be signed as of the date first written above.

CITIBANK, N.A., AGENT

VICTORY PORTFOLIOS, VICTORY VARIA-

 

BLE INSURANCE FUNDS AND VICTORY

 

PORTFOLIOS II (EACH A “FUND”), ON BE-

 

HALF OF THEIR RESPECTIVE SERIES

 

PORTFOLIOS, INDIVIDUALLY AND NOT

 

JOINTLY (“LENDER”)

By: /s/ Thomas Hoang

By: /s/ Thomas Dusenberry

Name: Thomas Hoang

Name: Thomas Dusenberry

Title: Authorized Officer

Title: President

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Exhibit A to GSLAA Revised as of May 26, 2026

Between CITIBANK, N.A., as the Agent

and each Lender, identified below

Fund Name

GFCID

LEI

TAX ID

Victory Portfolios

 

 

 

Victory Diversified Stock Fund

1007351743

549300CFL88LDPQO6O73

31-6364605

Victory Floating Rate Fund

1015835121

5493006V5CZZVATH3R53

27-1249817

Victory Global Energy Transition Fund

1012672868

549300X50UTTG6F4HI95

94-6688562

Victory High Yield Fund

1017419591

549300YO611MKRHL4648

13-3998112

Victory Fund for Income

1003026252

549300Q6NPQ3FQP3QL05

91-1366243

Victory Investment Grade Convertible Fund

1015123555

549300ZE7EDX9F7SCK90

13-3447652

Victory Low Duration Bond Fund

1017419583

549300C633ZPXTKF0S40

03-0522052

Victory Integrity Discovery Fund

1019631792

549300EIYA36GFL6E746

38-3309462

Victory Integrity Mid-Cap Value Fund

1013390319

549300RKLZH9RUSBXP40

37-1641048

Victory Integrity Small-Cap Value Fund

1019631806

5493000LV00VJ8XBPX24

38-3309464

Victory Integrity Small/Mid-Cap Value Fund

1019824418

549300BZ2CQ68TGCQK29

36-4702345

Victory Munder Mid-Cap Core Growth Fund

1019631814

549300T8YEUSUURLI085

04-3424166

Victory Munder Multi-Cap Fund

1019631822

549300U0TGCDD030GT65

38-3307057

Victory RS Global Fund

1017635766

549300I1FYJXRJXD4J54

27-7094133

Victory RS Growth Fund

1017442321

549300TKK08I87NY8R77

94-6649069

Victory RS International Fund

1017635782

549300JEPV6NYZT1OP94

13-3693830

Victory RS Investors Fund

1017966525

549300GPW0YP6P6L5K67

16-1730794

Victory RS Large Cap Alpha Fund

1022528188

549300KHCTM3U5X5J271

13-2656035

Victory RS Mid Cap Growth Fund

1020723587

54930021JIMQW21CEP55

94-3225963

Victory RS Partners Fund

1020085343

549300GYG26BSOTCMW34

94-3221209

Victory RS Science and Technology Fund

1017442305

549300YNZR8S7NDWVW17

94-6688563

Victory RS Select Growth Fund

1017442313

5493003JYMDQO1EKTQ65

94-3248659

Victory RS Small Cap Growth Fund

1019464322

549300S05EC1NNU8DB97

94-6602835

Victory RS Value Fund

1022528218

5493003VFQCJZ7D2E402

94-3174915

Victory S&P 500 Index Fund

1019631733

5493003FYR9UIIV6R751

04-3135674

Victory Sycamore Established Value Fund

1005128486

5493008YBYIRYKBV5463

31-6244473

Victory Sycamore Small Company Opportunity Fund

1016366524

5493000P7VZ2LJL8MG81

31-1387259

Victory Trivalent Emerging Markets Small-Cap Fund*

1040410011

254900GY7Q03JZLUXY70

41-4729365

Victory Trivalent International Fund-Core Equity

1019631768

549300ZTXG8QP2J0Y703

74-3225979

Victory Trivalent International Small-Cap Fund

1019631725

549300SB9TZ2GU9C2Q92

74-3225981

Victory Portfolios II - Mutual Funds

 

 

 

Victory Market Neutral Income Fund

1019750511

549300K0CUZCEEMBX789

46-0702582

Victory Portfolios II - ETFs

 

 

 

VictoryShares Core Intermediate Bond ETF

1030101096

549300E79RSORMCGYT11

82-1887709

VictoryShares Core Plus Bond ETF

1034187076

549300H4LTQRRZ6YWC27

87-2015212

VictoryShares Corporate Bond ETF

1034187084

549300KWMTK88G1WP504

87-2025970

VictoryShares Dividend Accelerator ETF

1024079208

5493006Y0YRJCU9TI370

81-5424728

VictoryShares Emerging Markets Value Momentum ETF

1030101185

549300KFJKPEO1ORBS50

82-1870398

VictoryShares Free Cash Flow ETF

1036899936

5493000FVGQ9SU6HI752

92-3622890

VictoryShares Free Cash Flow Growth ETF

1038626627

25490023YCO3N5PNV908

99-5017519

VictoryShares International Free Cash Flow ETF

1039144065

254900RL22F8ZCNOZE73

33-4315324

VictoryShares International Free Cash Flow Growth ETF

1039143999

2549000ACBRB8324FH18

33-4340107

VictoryShares International Value Momentum ETF

1030101169

54930087CRYWYWVYGD14

82-1864993

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Fund Name

GFCID

LEI

TAX ID

VictoryShares Pioneer Active Credit ETF*

1040410062

254900NL38IOJ39ZWJ58

41-4762565

VictoryShares Pioneer Asset-Based Income ETF

1039144014

25490037MHD4381Z8M37

33-4365893

VictoryShares Pioneer Equity Premium Income ETF*

1040401519

254900U5OBZ0GUZDCU95

41-4697561

VictoryShares Pioneer Mortgage-Backed Securities ETF*

1040410046

254900TB8529X5WZE264

41-4794884

VictoryShares Short-Term Bond ETF

1030101088

549300I98QP59UGN5H87

82-6330346

VictoryShares Small Cap Free Cash Flow ETF

1036899952

254900PHKM6UI5AF4K73

92-3631995

VictoryShares US 500 Enhanced Volatility Wtd ETF

1022560596

549300Q6CRVFDKHYIW55

46-5071922

VictoryShares US 500 Volatility Wtd ETF

1022560952

549300N0220QBME2UW10

46-5071807

VictoryShares US EQ Income Enhanced Volatility Wtd ETF

1022561088

549300DSJ7VCXV0QYG22

46-5079364

VictoryShares US Large Cap High Div Volatility Wtd ETF

1022561126

549300RS1Y46ILB96P77

47-4202515

VictoryShares US Multi-Factor Minimum Volatility ETF

1025197638

5493004HRSYZ4WW5CD82

81-5407028

VictoryShares US Small Cap High Div Volatility Wtd ETF

1022560979

549300GMUN0Q3JBDN646

47-4153266

VictoryShares US Small Mid Cap Value Momentum ETF

1030101134

549300DR31EXT2WMIN31

82-1840294

VictoryShares US Value Momentum ETF

1030101118

5493006WYTPO22TMZG75

82-1829544

VictoryShares WestEnd Dynamic Equity ETF*

1038200867

254900OV40HK89C45A34

99-2902049

VictoryShares WestEnd Global Equity ETF

1038103225

2549005Q06VLS7N9P697

99-2298614

VictoryShares WestEnd U.S. Sector ETF

1035931089

549300BTZUOYLIN1TC42

88-3527054

*Pending Launch

Page 4 of 4