Core Viewpoint - Victory Portfolios II has announced the liquidation of three ETFs due to a regular review of its product lineup to better meet client needs [1]. Group 1: Liquidation Details - The ETFs affected are the VictoryShares WestEnd Economic Cycle Bond ETF (BMDL), VictoryShares Hedged Equity Income ETF (HEJD), and VictoryShares International Volatility Wtd ETF (CIL) [1]. - After January 28, 2026, the ETFs will stop accepting purchase orders for Creation Units, and shareholders can sell their holdings on the Nasdaq Stock Market until January 29, 2026 [2]. - The ETFs will cease trading at the end of January 29, 2026, with liquidation anticipated around February 4, 2026 [2]. Group 2: Financial Implications - Victory Capital Management Inc. will cover all fees and expenses related to the liquidation and distribution of cash proceeds to investors, excluding brokerage fees [3]. - Shareholders will recognize a capital gain or loss for tax purposes based on the amount received for their shares compared to their adjusted basis [3].