# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-25-000172
**Filing Date:** 2025-9
**Character Count:** 16117
**Document Hash:** ec44426d9dca5b1764af1b0850ae6fe9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000172.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002048251-25-000172

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund II
- **CENTRAL INDEX KEY:** 0000890540

**ORGANIZATION NAME:**
- **EIN:** 233040006
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07102
- **FILM NUMBER:** 251341282

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 6106761000

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advisors Inner Circle Fund II
- **DATE OF NAME CHANGE:** 20041029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARBOR FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Frontier Asset Total International Equity ETF (Series ID: S000089437)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000255970 | Frontier Asset Total International Equity ETF | FINT            |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **ABSOLUTE RETURN ETF** |
|  | **JULY 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **EXCHANGE-TRADED FUNDS — 99.6%** | | |
|  |<br>**Shares** |<br>**Value** |
| **Commodity — 20.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Harbor Commodity All Weather Strategy ETF <sup>(1)</sup> | 63752 | $1566004 |
| &nbsp;&nbsp;&nbsp;iMGP DBi Managed Futures Strategy ETF | 27384 | 701304 |
|  |  | 2267308 |
| **Equity — 27.3%** |  |  |
| &nbsp;&nbsp;&nbsp;American Beacon Ahl Trend ETF <sup>(1)</sup> | 91073 | 1982659 |
| &nbsp;&nbsp;&nbsp;iShares MSCI USA Momentum Factor ETF | 1290 | 311264 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Small-Capital Equity Factor ETF | 6820 | 471944 |
| &nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF | 1075 | 221515 |
|  |  | 2987382 |
| **Fixed Income — 49.2%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares High Yield Systematic Bond ETF | 11975 | 567256 |
| &nbsp;&nbsp;&nbsp;Janus Henderson AAA CLO ETF | 8514 | 432426 |
| &nbsp;&nbsp;&nbsp;JPMorgan Ultra-Short Income ETF | 10590 | 536278 |
| &nbsp;&nbsp;&nbsp;Vanguard Short-Term Bond ETF <sup>(1)</sup> | 35146 | 2754743 |
| &nbsp;&nbsp;&nbsp;WisdomTree Floating Rate Treasury Fund ETF | 21500 | 1082095 |
|  |  | 5372798 |
| **International — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Avantis International Small Capital Value ETF | 3311 | 264946 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $10,832,607) |  | 10892434 |
| **Total Investments - 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $10,832,607) |  | $10892434 |

---

Percentages are based on Net Assets of $10,937,804.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents
greater than 10% of the Fund's total investments. For further information, please go to the Fund's website at https://www.SEC.gov.

CLO — Collateralized Loan Obligation

ETF — Exchange-Traded Fund

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **CORE BOND ETF** |
|  | **JULY 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **EXCHANGE-TRADED FUNDS — 99.6%** | | |
|  |<br>**Shares** |<br>**Value** |
| **Fixed Income — 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares Investment Grade Systematic Bond ETF | 51471 | $2330607 |
| &nbsp;&nbsp;&nbsp;JPMorgan Core Plus Bond ETF <sup>(1)</sup> | 172685 | 8079931 |
| &nbsp;&nbsp;&nbsp;JPMorgan Ultra-Short Income ETF | 55741 | 2822724 |
| &nbsp;&nbsp;&nbsp;Regan Floating Rate MBS ETF | 168948 | 4313242 |
| &nbsp;&nbsp;&nbsp;TCW Flexible Income ETF <sup>(1)</sup> | 268299 | 10587078 |
| &nbsp;&nbsp;&nbsp;Vanguard Intermediate-Term Treasury ETF <sup>(1)</sup> | 183996 | 10922003 |
| &nbsp;&nbsp;&nbsp;WisdomTree Floating Rate Treasury Fund ETF | 85329 | 4294609 |
|  |  | 43350194 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $42,747,519) |  | 43350194 |
| **Total Investments - 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $42,747,519) |  | $43350194 |

---

Percentages are based on Net Assets of $43,543,114.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents
greater than 10% of the Fund's total investments. For further information, please go to the Fund's website at https://www.SEC.gov.

ETF — Exchange-Traded Fund

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **OPPORTUNISTIC CREDIT ETF** |
|  | **JULY 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **EXCHANGE-TRADED FUNDS — 99.4%** | | |
|  |<br>**Shares** |<br>**Value** |
| **Fixed Income — 99.4%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares Investment Grade Systematic Bond ETF <sup>(1)</sup> | 119033 | $5389814 |
| &nbsp;&nbsp;&nbsp;iShares MBS ETF | 24761 | 2304506 |
| &nbsp;&nbsp;&nbsp;Janus Henderson AAA CLO ETF | 25975 | 1319270 |
| &nbsp;&nbsp;&nbsp;JPMorgan Core Plus Bond ETF <sup>(1)</sup> | 79894 | 3738240 |
| &nbsp;&nbsp;&nbsp;PIMCO Multi Sector Bond Active ETF | 59985 | 1585404 |
| &nbsp;&nbsp;&nbsp;Schwab US TIPS ETF | 50071 | 1331889 |
| &nbsp;&nbsp;&nbsp;T Rowe Price Floating Rate ETF | 25719 | 1324271 |
| &nbsp;&nbsp;&nbsp;TCW Flexible Income ETF <sup>(1)</sup> | 213802 | 8436627 |
| &nbsp;&nbsp;&nbsp;Vanguard Intermediate-Term Treasury ETF <sup>(1)</sup> | 94627 | 5617059 |
| &nbsp;&nbsp;&nbsp;Vanguard Short-Term Inflation-Protected Securities ETF | 42808 | 2140400 |
|  |  | 33187480 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $32,603,177) |  | 33187480 |
| **Total Investments - 99.4%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $32,603,177) |  | $33187480 |

---

Percentages are based on Net Assets of $33,384,128.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents
greater than 10% of the Fund's total investments. For further information, please go to the Fund's website at https://www.SEC.gov.

CLO — Collateralized Loan Obligation

ETF — Exchange-Traded Fund

TIPS — Treasury Inflation Protected Security

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **GLOBAL SMALL CAP EQUITY ETF** |
|  | **JULY 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **EXCHANGE-TRADED FUNDS — 99.8%** | | |
|  |<br>**Shares** |<br>**Value** |
| **Equity — 60.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Avantis U.S. Small Capital Value ETF | 48198 | $4453977 |
| &nbsp;&nbsp;&nbsp;iShares Core S&P Small-Capital ETF <sup>(1)</sup> | 114550 | 12632574 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Small-Capital Equity Factor ETF <sup>(1)</sup> | 191749 | 13269031 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Small-Mid Capital ETF, Class M | 157894 | 4012086 |
|  |  | 34367668 |
| **International — 39.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Avantis International Small Capital Value ETF <sup>(1)</sup> | 205797 | 16467876 |
| &nbsp;&nbsp;&nbsp;iShares International Small-Capital Equity Factor ETF <sup>(1)</sup> | 161595 | 6241785 |
|  |  | 22709661 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $53,763,539) |  | 57077329 |
| **Total Investments - 99.8%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $53,763,539) |  | $57077329 |

---

Percentages are based on Net Assets of $57,202,266.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents
greater than 10% of the Fund's total investments. For further information, please go to the Fund's website at https://www.SEC.gov.

ETF — Exchange-Traded Fund

S&P — Standard & Poor's

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **TOTAL INTERNATIONAL EQUITY ETF** |
|  | **JULY 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **EXCHANGE-TRADED FUNDS — 99.8%** | | |
|  |<br>**Shares** |<br>**Value** |
| **International — 99.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Avantis Emerging Markets Equity ETF <sup>(1)</sup> | 151997 | $10513633 |
| &nbsp;&nbsp;&nbsp;Cambria Foreign Shareholder Yield ETF | 147548 | 4376274 |
| &nbsp;&nbsp;&nbsp;First Eagle Overseas Equity ETF | 61454 | 2572464 |
| &nbsp;&nbsp;&nbsp;Franklin International Low Volatility High Dividend Index ETF | 112691 | 3758245 |
| &nbsp;&nbsp;&nbsp;iShares Emerging Markets Equity Factor ETF <sup>(1)</sup> | 147567 | 7738413 |
| &nbsp;&nbsp;&nbsp;iShares International Equity Factor ETF <sup>(1)</sup> | 236515 | 7994207 |
| &nbsp;&nbsp;&nbsp;iShares MSCI International Quality Factor ETF <sup>(1)</sup> | 201044 | 8357399 |
| &nbsp;&nbsp;&nbsp;Vanguard International Dividend Appreciation ETF <sup>(1)</sup> | 70212 | 6052274 |
|  |  | 51362909 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $46,018,140) |  | 51362909 |
| **Total Investments - 99.8%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $46,018,140) |  | $51362909 |

---

Percentages are based on Net Assets of $51,480,392.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents
greater than 10% of the Fund's total investments. For further information, please go to the Fund's website at https://www.SEC.gov.

ETF — Exchange-Traded Fund

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **U.S. LARGE CAP EQUITY ETF** |
|  | **JULY 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **EXCHANGE-TRADED FUNDS — 99.4%** | | |
|  |<br>**Shares** |<br>**Value** |
| **Equity — 99.4%** |  |  |
| &nbsp;&nbsp;&nbsp;GMO US Quality ETF | 77418 | $2639954 |
| &nbsp;&nbsp;&nbsp;iShares MSCI USA Quality Factor ETF <sup>(1)</sup> | 53856 | 9915967 |
| &nbsp;&nbsp;&nbsp;JPMorgan Active Growth ETF <sup>(1)</sup> | 71280 | 6296162 |
| &nbsp;&nbsp;&nbsp;JPMorgan Active Value ETF <sup>(1)</sup> | 119988 | 7879612 |
| &nbsp;&nbsp;&nbsp;T Rowe Price Capital Appreciation Equity ETF <sup>(1)</sup> | 165726 | 6072201 |
| &nbsp;&nbsp;&nbsp;T Rowe Price US Equity Research ETF <sup>(1)</sup> | 333828 | 13283016 |
| &nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF <sup>(1)</sup> | 30888 | 6364781 |
|  |  | 52451693 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $50,123,365) |  | 52451693 |
| **Total Investments - 99.4%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $50,123,365) |  | $52451693 |

---

Percentages are based on Net Assets of $52,763,175.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents
greater than 10% of the Fund's total investments. For further information, please go to the Fund's website at https://www.SEC.gov.

ETF — Exchange-Traded Fund

FRT-NQ-001-0200

*6*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND II

- **b. Investment Company Act file number:** 811-07102

- **c. CIK number of Registrant:** 0000890540

- **d. LEI of Registrant:** 549300OEHDTB2ALCAX69

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Frontier Asset Total International Equity ETF

- **b. EDGAR series identifier (if any):** S000089437

- **c. LEI of Series:** 529900B38PHV6B9X9F94

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $51509335.67

**Total Liabilities:** $28943.32

**Net Assets:** $51480392.35

**Cash Not Reported:** $143492.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255970 | -0.87%               | 4.06%                | 4.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-419079.57                                |
| Month 2  | $549809.50               | $833651.56                                 |
| Month 3  | $0.00                    | $2322791.94                                |

### Schedule of Portfolio Investments

| Name                                             | Title                                    | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First Eagle Overseas Equity ETF                  | FIRST EAGLE OVERSEAS EQ ETF MUTUAL FUND  | CUSIP: 75526L878<br>LEI: N/A | Long             | EC               | RF                | US        |     61454 | NS      | $2572464.44   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantis Emerging Markets Equity ETF              | AVANTIS EMERGING MARKETS EQ MUTUAL FUND  | CUSIP: 025072604<br>LEI: N/A | Long             | EC               | RF                | US        |    151997 | NS      | $10513632.49  | 20.42%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Emerging Markets Equity Factor ETF       | ISHARES EMERGING MARKETS EQU MUTUAL FUND | CUSIP: 46434G889<br>LEI: N/A | Long             | EC               | RF                | US        |    147567 | NS      | $7738413.48   | 15.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intl Dividend Appreciation Index Fund   | VANGUARD INT DIV APP INDX FD MUTUAL FUND | CUSIP: 921946810<br>LEI: N/A | Long             | EC               | RF                | US        |     70212 | NS      | $6052274.40   | 11.76%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Intl Quality Factor ETF             | ISHARES MSCI INTERNATIONAL Q MUTUAL FUND | CUSIP: 46434V456<br>LEI: N/A | Long             | EC               | RF                | US        |    201044 | NS      | $8357399.08   | 16.23%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares International Equity Factor ETF          | ISHARES INTERNATIONAL EQUITY MUTUAL FUND | CUSIP: 46434V274<br>LEI: N/A | Long             | EC               | RF                | US        |    236515 | NS      | $7994207.00   | 15.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Foreign Shareholder Yield ETF            | CAMBRIA FOREIGN SHAREHOLDER MUTUAL FUND  | CUSIP: 132061300<br>LEI: N/A | Long             | EC               | RF                | US        |    147548 | NS      | $4376273.68   | 8.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Intl Low Volatility High Dividend Index | FRANKLIN INTERNATIONAL LOW V MUTUAL FUND | CUSIP: 52468L505<br>LEI: N/A | Long             | EC               | RF                | US        |    112691 | NS      | $3758244.85   | 7.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND II

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer