# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-25-003901
**Filing Date:** 2025-12
**Character Count:** 59969
**Document Hash:** e413aefaf35629fedf3a329fad5b3ac8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-003901.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0002048251-25-003901

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**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:** 251612078

**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

### KOPERNIK GLOBAL ALL-CAP FUND (Series ID: S000042718)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000132088 | CLASS A SHARES | KGGAX           |
| C000132089 | CLASS I SHARES | KGGIX           |

## 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:** Kopernik Global All-Cap Fund

- **b. EDGAR series identifier (if any):** S000042718

- **c. LEI of Series:** 549300WVQV7BIZZ6VA82

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $3070099774.91

**Total Liabilities:** $3189690.52

**Net Assets:** $3066910084.39

**Cash Not Reported:** $3498471.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000132088 | -5.49%               | 2.06%                | -0.83%               |
| Class ID C000132089 | 0.24%                | 8.42%                | 5.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $83781700.19             | $-66355881.60                              |
| Month 2  | $58312336.53             | $191565342.50                              |
| Month 3  | $41948419.60             | $110902881.30                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASTARTA HOLDING PLC                                                              | ASTARTA HOLDING PLC COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 724500R38HLH2G58KQ51       | Long             | EC               |  | PL        |      659000 | NS      | $8207836.08   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LX Holdings Corp.                                                                | LX HOLDINGS CORP COMMON STOCK                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     1168177 | NS      | $6681975.69   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST PACIFIC COMPANY LIMITED                                                    | FIRST PACIFIC CO COMMON STOCK                                                      | CUSIP: G34804107<br>LEI: 254900VS1MDQSDM9DE09 | Long             | EC               |  | HK        |     9266000 | NS      | $7481463.71   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Ocean Co., Ltd.                                                              | PAN OCEAN CO LTD COMMON STOCK                                                      | CUSIP: N/A<br>LEI: 988400HGOJIHDWPIAT45       | Long             | EC               |  | KR        |     4637098 | NS      | $12456516.86  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LENTA MKPAO                                                                      | LENTA PLC DEPOSITARY RECEIPT                                                       | CUSIP: 52634T200<br>LEI: 213800OMCE8QATH73N15 | Long             | EC               |  | GB        |     6287850 | NS      | $7917660.72   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPPA LSR PAO                                                                   | LSR GROUP PJSC COMMON STOCK                                                        | CUSIP: N/A<br>LEI: 25340067LEEMJ79K8X43       | Long             | EC               |  | RU        |     1673664 | NS      | $4369754.42   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Orbia Advance Corporation S.A.B. de CV                                           | ORBIA ADVANCE CORP SAB DE CV COMMON STOCK                                          | CUSIP: N/A<br>LEI: 549300MVHZ20SBIOEQ79       | Long             | EC               |  | MX        |    10213022 | NS      | $9246334.74   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Borr Drilling Limited                                                            | BORR DRILLING LTD 144A 5.000000% 02/08/2028                                        | CUSIP: N/A<br>LEI: 213800J2JPCTXLHQ5R78       | Long             | DBT              | CORP              | MX        |    13000000 | PA      | $11911504.02  | 0.39%             | 2028-02-08      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                              | GABRIEL RESOURCES LTD RESTRICTED GABRIEL RESOURCES LTD RESTRICTED 4 MO (9/28/2021) | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | CA        |      347197 | NS      | $21041.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MHP SE                                                                           | MHP SE DEPOSITARY RECEIPT                                                          | CUSIP: 55302T204<br>LEI: 213800D7DXFXGA292757 | Long             | EC               |  | GB        |     2877931 | NS      | $16227573.68  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROAPI SA                                                                       | EUROAPI SASU COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 9695002FT7GGI3CKKJ14       | Long             | EC               |  | FR        |     2371075 | NS      | $8770249.96   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PALADIN ENERGY LTD                                                               | PALADIN ENERGY LTD COMMON STOCK                                                    | CUSIP: Q7264T252<br>LEI: 549300M44UTJAP8J6B37 | Long             | EC               |  | CA        |     2856489 | NS      | $17698398.92  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | NOVAGOLD RESOURCES INC 09/10/2030 PNOTE                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               |  | US        |     1687905 | PA      | $13992732.45  | 0.46%             | 2030-09-10      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| China Communications Services Corporation Limited                                | CHINA COMMUNICATIONS SERVI-H COMMON STOCK                                          | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               |  | HK        |    45058000 | NS      | $27003876.28  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Halyk Bank of Kazakhstan Joint Stock Company                                     | HALYK SAVINGS BANK-GDR REG S DEPOSITARY RECEIPT                                    | CUSIP: 46627J302<br>LEI: 213800NYDTVQM4SDUD67 | Long             | EC               |  | GB        |      371325 | NS      | $9916388.22   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Electric Power Development Co., Ltd.                                             | ELECTRIC POWER DEVELOPMENT C COMMON STOCK                                          | CUSIP: N/A<br>LEI: 549300KMHPUAQI8VEH90       | Long             | EC               |  | JP        |      761300 | NS      | $14469067.38  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                                                        | PAN AMER SILVER-CVR CONTINGENT VALUE RIGHTS                                        | CUSIP: 697900132<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               |  | CA        |     2385283 | NS      | $906407.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTTE CHEMICAL CORPORATION                                                       | LOTTE CHEMICAL CORP COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 988400TPNFJZDPI94Y56       | Long             | EC               |  | KR        |      225348 | NS      | $11163641.49  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LIMITED                                                                | BHP GROUP LTD COMMON STOCK                                                         | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               |  | AU        |      547510 | NS      | $15608546.62  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S.A.                                          | QUIMICA Y MINERA CHIL-SP ADR DEPOSITARY RECEIPT                                    | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               |  | US        |      296284 | NS      | $14514953.16  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Puregold Price Club Inc                                                          | PUREGOLD PRICE CLUB INC COMMON STOCK                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | PH        |    10703000 | NS      | $6929214.95   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | NOVAGOLD RESOURCES INC 04/22/2030 WARRANT                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               |  | US        |     2717012 | PA      | $16600943.32  | 0.54%             | 2030-04-22      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| SCHRODERS PLC                                                                    | SCHRODERS PLC COMMON STOCK                                                         | CUSIP: G78602144<br>LEI: 2138001YYBULX5SZ2H24 | Long             | EC               |  | GB        |     6172676 | NS      | $30802383.86  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                                                                 | ROYAL GOLD INC COMMON STOCK                                                        | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               |  | US        |       81100 | NS      | $14175447.15  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KATO SANGYO CO., LTD.                                                            | KATO SANGYO CO LTD COMMON STOCK                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      168700 | NS      | $6475796.72   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVAGOLD RESOURCES INC.                                                          | NOVAGOLD RESOURCES INC COMMON STOCK                                                | CUSIP: N/A<br>LEI: 529900587LVZTJ2BHS60       | Long             | EC               |  | US        |     2831655 | NS      | $23474419.95  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINES LTD                                                                | IVANHOE MINES LTD-CL A COMMON STOCK                                                | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               |  | CA        |     2135353 | NS      | $21360381.16  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE S.A.                                                                        | VALE SA COMMON STOCK                                                               | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               |  | BR        |     4061326 | NS      | $49076070.09  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LIMITED                                                 | IMPALA PLATINUM HOLDINGS LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               |  | ZA        |     7783465 | NS      | $83415290.92  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Dynasty Minerals Ltd.                                                   | NORTHERN DYNASTY MINERALS COMMON STOCK                                             | CUSIP: 66510M204<br>LEI: 529900HEIYP56LE0EJ17 | Long             | EC               |  | CA        |     2795815 | NS      | $5661198.96   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Bank Public Company Limited                                              | BANGKOK BANK PCL-FOREIGN REG COMMON STOCK                                          | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               |  | TH        |     1562400 | NS      | $7656158.15   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAIS ELETRICAS BRASILEIRAS SA ELETROBRAS                                     | CENTRAIS ELETRICAS BRASILIER COMMON STOCK                                          | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               |  | BR        |     4125111 | NS      | $42646989.99  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                                                                     | CARREFOUR SA COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               |  | FR        |     2548892 | NS      | $38388554.61  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| West Japan Railway Company                                                       | WEST JAPAN RAILWAY CO COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 353800QGUXHZ7EBCR121       | Long             | EC               |  | JP        |     1131500 | NS      | $23254744.79  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG LEONG FINANCIAL GROUP BERHAD                                                | HONG LEONG FINANCIAL GROUP COMMON STOCK                                            | CUSIP: N/A<br>LEI: 549300EGI40XD5GGWS62       | Long             | EC               |  | MY        |      255900 | NS      | $1032120.22   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOSE BROTHERS GROUP PLC                                                         | CLOSE BROTHERS GROUP PLC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 213800W73SYHR14I3X91       | Long             | EC               |  | GB        |     1819808 | NS      | $10038299.13  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Department Store Co.,Ltd.                                                | HYUNDAI DEPT STORE CO COMMON STOCK                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      387395 | NS      | $21946551.26  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DETERRA ROYALTIES LIMITED                                                        | DETERRA ROYALTIES LTD COMMON STOCK                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | AU        |     3696434 | NS      | $9854762.94   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KYORIN Pharmaceutical Co., Ltd.                                                  | KYORIN PHARMACEUTICAL CO LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     1861900 | NS      | $16971673.76  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                                                              | NEWMONT CORP-CDI DEPOSITARY RECEIPT                                                | CUSIP: N/A<br>LEI: 549300VSP3RIX7FGDZ51       | Long             | EC               |  | AU        |      249978 | NS      | $20317583.77  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST RESOURCES LIMITED                                                          | FIRST RESOURCES LTD COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 5493007RRD817HUP4O49       | Long             | EC               |  | SG        |    12193600 | NS      | $18369373.61  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                                                      | BAIDU INC-CLASS A COMMON STOCK                                                     | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               |  | HK        |     1866750 | NS      | $28255573.44  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemak, S.A.B. de C.V.                                                            | NEMAK SAB DE CV COMMON STOCK                                                       | CUSIP: N/A<br>LEI: 5493000MY3DAIB0BP706       | Long             | EC               |  | MX        |    38482435 | NS      | $8016095.13   | 0.26%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HEMAS HOLDINGS PLC                                                               | HEMAS HOLDINGS PLC COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 254900TV1ZINS66XKY23       | Long             | EC               |  | LK        |    41603360 | NS      | $4755450.58   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA REINSURANCE (GROUP) CORPORATION                                            | CHINA REINSURANCE GROUP CO-H COMMON STOCK                                          | CUSIP: N/A<br>LEI: 300300F3000111000079       | Long             | EC               |  | HK        |     8148000 | NS      | $1654747.96   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                                                   | KT CORP COMMON STOCK                                                               | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               |  | KR        |      714316 | NS      | $24605038.17  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | IVANHOE ELECTRIC WARRANTS 2/14/2026 PNOTE                                          | CUSIP: 46578C116<br>LEI: N/A                  | Long             | SN               |  | US        |      215776 | PA      | $1693841.60   | 0.06%             | 2026-02-14      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| YOMA STRATEGIC HOLDINGS LTD.                                                     | YOMA STRATEGIC HLDGS LTD COMMON STOCK                                              | CUSIP: N/A<br>LEI: 529900WRBT4SP5D5ZN49       | Long             | EC               |  | SG        |    66818200 | NS      | $4210070.22   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                                            | VODAFONE GROUP PLC COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               |  | GB        |    17498272 | NS      | $21182929.35  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZPROM PAO                                                                      | GAZPROM PJSC COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               |  | RU        |    25899221 | NS      | $11144434.80  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDEN AGRI-RESOURCES LTD                                                        | GOLDEN AGRI-RESOURCES LTD COMMON STOCK                                             | CUSIP: N/A<br>LEI: 529900GAK9LTNC3IFY40       | Long             | EC               |  | SG        |   278829900 | NS      | $59984203.39  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| REI AGRO LTD                                                                     | REI AGRO LTD 5.50%  11/13/2014                                                     | CUSIP: 74948PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |      723000 | PA      | $0.00         | 0.00%             | 2014-11-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SLC Agricola S.A.                                                                | SLC AGRICOLA SA COMMON STOCK                                                       | CUSIP: N/A<br>LEI: 54930017BQDYJPIJXG79       | Long             | EC               |  | BR        |     2722500 | NS      | $8162515.45   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PAX GLOBAL TECHNOLOGY LIMITED                                                    | PAX GLOBAL TECHNOLOGY LTD COMMON STOCK                                             | CUSIP: N/A<br>LEI: 5299008CRGPD1WZXCD36       | Long             | EC               |  | HK        |     4238000 | NS      | $2906942.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZUKEN CO.,LTD.                                                                 | SUZUKEN CO LTD COMMON STOCK                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      113100 | NS      | $4295146.49   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HANKOOK TIRE & TECHNOLOGY CO., LTD.                                              | HANKOOK TIRE & TECHNOLOGY CO COMMON STOCK                                          | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               |  | KR        |      280993 | NS      | $9123146.39   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S Aktiengesellschaft                                                           | K+S AG-REG COMMON STOCK                                                            | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               |  | DE        |     5567413 | NS      | $72528682.41  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | SPXW US 11/28/25 P6470 LONG                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         925 | NC      | $2479000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PT United Tractors Tbk                                                           | UNITED TRACTORS TBK PT COMMON STOCK                                                | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               |  | ID        |     4346100 | NS      | $7027114.01   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chong Kun Dang Pharmaceutical Corp.                                              | CHONG KUN DANG PHARMACEUTICA COMMON STOCK                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      250545 | NS      | $14544148.30  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corporation                                                          | ARIS MINING CORP COMMON STOCK                                                      | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               |  | CA        |     1401255 | NS      | $13867184.34  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabriel Resources Ltd.                                                           | GABRIEL RESOURCES LTD COMMON STOCK                                                 | CUSIP: 361970502<br>LEI: 529900SJTRA2V9AI4361 | Long             | EC               |  | CA        |     4427406 | NS      | $268318.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INPEX CORPORATION                                                                | INPEX CORP COMMON STOCK                                                            | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               |  | JP        |      798700 | NS      | $14737720.65  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MHP SE                                                                           | MHP SE - GDR 144A DEPOSITARY RECEIPT                                               | CUSIP: 55302T105<br>LEI: 213800D7DXFXGA292757 | Long             | EC               |  | US        |       44627 | NS      | $251634.92    | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TELEPERFORMANCE SE                                                               | TELEPERFORMANCE COMMON STOCK                                                       | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               |  | FR        |      172376 | NS      | $12309068.21  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL'NAYA SETEVAYA KOMPANIYA ROSSETI PAO                                      | FEDERAL GRID CO-ROSSETI PJSC COMMON STOCK                                          | CUSIP: N/A<br>LEI: 253400FZQ7Z49QZNSG30       | Long             | EC               |  | RU        | 17511927373 | NS      | $4074557.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Cake PLC                                                                  | YELLOW CAKE PLC COMMON STOCK                                                       | CUSIP: N/A<br>LEI: 213800CVMYUGOA9EZY95       | Long             | EC               |  | GB        |     4309298 | NS      | $33384613.54  | 1.09%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Nutrien Ltd.                                                                     | NUTRIEN LTD COMMON STOCK                                                           | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               |  | US        |      530880 | NS      | $28906416.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL TOWER HILL MINES LTD.                                              | INTL TOWER HILL MINES LTD COMMON STOCK                                             | CUSIP: 46050R102<br>LEI: 529900QWPB33AJTGMU33 | Long             | EC               |  | US        |     6548183 | NS      | $11721247.57  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIENTAL HOLDINGS BHD                                                            | ORIENTAL HOLDINGS BERHAD COMMON STOCK                                              | CUSIP: N/A<br>LEI: 549300WBMDZXMUQT2I82       | Long             | EC               |  | MY        |     6784900 | NS      | $11097533.43  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Petroleum Exploration Co., Ltd.                                            | JAPAN PETROLEUM EXPLORATION COMMON STOCK                                           | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               |  | JP        |     1683700 | NS      | $14071547.41  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SEABRIDGE GOLD INC.                                                              | SEABRIDGE GOLD INC COMMON STOCK                                                    | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               |  | US        |     2262837 | NS      | $53923405.71  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Indah Kiat Pulp & Paper Tbk                                                   | INDAH KIAT PULP & PAPER TBK COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900F19DXXA9HNCB51       | Long             | EC               |  | ID        |    11294200 | NS      | $5051155.11   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Holdings Corp.                                                                | GS HOLDINGS COMMON STOCK                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      567930 | NS      | $19089000.87  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AMUNDI SA                                                                        | AMUNDI SA COMMON STOCK                                                             | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               |  | FR        |      194217 | NS      | $14397700.42  | 0.47%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Joint stock company National atomic company Kazatomprom                          | NAC KAZATOMPROM JSC-144A DEPOSITARY RECEIPT                                        | CUSIP: 63253R102<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               |  | GB        |      895113 | NS      | $52417443.12  | 1.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bear Creek Mining Corp                                                           | BEAR CREEK MINING CORP WT EXPIRATION: 10/05/28                                     | CUSIP: 07380N187<br>LEI: 549300C9IY653M7KMK88 | N/A              | DE               |  | CA        |     9126364 | NC      | $1691814.65   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DL E&C CO., LTD.                                                                 | DL E&C CO LTD COMMON STOCK                                                         | CUSIP: N/A<br>LEI: 988400UU0MCCBS1YP242       | Long             | EC               |  | KR        |     1278422 | NS      | $38243060.68  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB N.V.                                                                         | SLB LTD COMMON STOCK                                                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               |  | US        |      695401 | NS      | $25076160.06  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ETALON GROUP PLC                                                                 | ETALON GROUP-GDR REG S DEPOSITARY RECEIPT                                          | CUSIP: 29760G103<br>LEI: 213800U2O9SKHOYSDY32 | Long             | EC               |  | GB        |    12219734 | NS      | $1736424.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LX INTERNATIONAL CORP.                                                           | LX INTERNATIONAL CORP COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 988400KZJVVPCZ6BC265       | Long             | EC               |  | KR        |      196724 | NS      | $4156466.79   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | NAK PRIV 12/18/2033 RATE 2.00 MATURITY DATE 12/11/2033                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     7108000 | PA      | $40928503.72  | 1.33%             | 2032-12-11      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Lebanese Company for Development and Reconstruction of Beirut Central District S | SOLIDERE-UNSPON ADR DEPOSITARY RECEIPT                                             | CUSIP: 522386507<br>LEI: N/A                  | Long             | EC               |  | US        |      174732 | NS      | $2058779.79   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA GAS HOLDINGS LIMITED                                                       | CHINA GAS HOLDINGS LTD COMMON STOCK                                                | CUSIP: N/A<br>LEI: 254900KTSZLZ21VV8T33       | Long             | EC               |  | HK        |     6248400 | NS      | $6426768.34   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                                             | Petroleo Brasileiro SA - Petrobras PREFERRED STOCK                                 | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               |  | BR        |     5693000 | NS      | $31407027.95  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION IRON LIMITED                                                            | CHAMPION IRON LTD COMMON STOCK                                                     | CUSIP: N/A<br>LEI: 894500WQI96G4T75O202       | Long             | EC               |  | AU        |     1898792 | NS      | $6866970.37   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PHA Co., Ltd.                                                                    | PHA Co Ltd COMMON STOCK                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      478665 | NS      | $3915383.44   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA ELECTRIC POWER CORPORATION                                                 | KOREA ELECTRIC POWER CORP COMMON STOCK                                             | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               |  | KR        |     1614614 | NS      | $48331935.70  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ERAMET SA                                                                        | ERAMET COMMON STOCK                                                                | CUSIP: N/A<br>LEI: 549300LUH78PG2MP6N64       | Long             | EC               |  | FR        |      428653 | NS      | $29345712.74  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangshen Railway Company Limited                                                | GUANGSHEN RAILWAY CO LTD-H COMMON STOCK                                            | CUSIP: N/A<br>LEI: 529900YIR2NSEPF1UU41       | Long             | EC               |  | HK        |    44260679 | NS      | $12989555.64  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL'NAYA GIDROGENERIRUYUSHCHAYA KOMPANIYA RUSGIDRO PAO                       | RUSHYDRO PJSC COMMON STOCK                                                         | CUSIP: N/A<br>LEI: 2534005TJN9DX4YWVT97       | Long             | EC               |  | RU        |  6529118388 | NS      | $9140765.74   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Dynasty Minerals Ltd.                                                   | NORTHERN DYNASTY MINERALS COMMON STOCK                                             | CUSIP: 66510M204<br>LEI: 529900HEIYP56LE0EJ17 | Long             | EC               |  | US        |     5684516 | NS      | $11425877.16  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE MINIERE BARRICK                                                          | BARRICK MINING CORP COMMON STOCK                                                   | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               |  | US        |      689478 | NS      | $22614878.40  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Uranium Trust                                                    | SPROTT PHYSICAL URANIUM TR MUTUAL FUND                                             | CUSIP: 85210A104<br>LEI: N/A                  | Long             | EC               |  | CA        |     2116674 | NS      | $41849039.26  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | MAGIC LEAP INC CVT GABRIEL RESOURCES LTD RESTRICTED 4 MO (10/17/22)                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | CA        |      496058 | NS      | $30063.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GLENCORE PLC                                                                     | GLENCORE PLC COMMON STOCK                                                          | CUSIP: G39420107<br>LEI: 2138002658CPO9NBH955 | Long             | EC               |  | GB        |     9773558 | NS      | $46820839.41  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Draegerwerk AG & Co. KGaA                                                        | Draegerwerk AG & Co KGaA PREFERRED STOCK                                           | CUSIP: N/A<br>LEI: 5493005UFVHY0PPNKD75       | Long             | EP               |  | DE        |      247201 | NS      | $20830924.23  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of East Asia, Limited                                                   | BANK OF EAST ASIA LTD COMMON STOCK                                                 | CUSIP: N/A<br>LEI: CO6GC26LCGGRTUESIP55       | Long             | EC               |  | HK        |     2110400 | NS      | $3633676.95   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SIBANYE STILLWATER LIMITED                                                       | SIBANYE STILLWATER LTD COMMON STOCK                                                | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               |  | ZA        |     5500091 | NS      | $14595597.91  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| VALTERRA PLATINUM LIMITED                                                        | VALTERRA PLATINUM LIMITED COMMON STOCK                                             | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               |  | ZA        |     1911720 | NS      | $118238445.80 | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresa Nacional de Telecomunicaciones S.A.                                      | EMPRESA NACIONAL DE TELECOM COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900N4SUIP0URJT330       | Long             | EC               |  | CL        |     5961699 | NS      | $28379344.41  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                                                              | CENTENE CORP COMMON STOCK                                                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               |  | US        |      904070 | NS      | $31976955.90  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MAN GROUP PLC                                                                    | MAN GROUP PLC/JERSEY COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 2549003YWC1DW6LALB09       | Long             | EC               |  | GB        |     2923390 | NS      | $8076768.82   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CGN Power Co., Ltd.                                                              | CGN POWER CO LTD-H COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 529900D2UINCGWQYBK45       | Long             | EC               |  | HK        |    56356000 | NS      | $22327783.69  | 0.73%             |  |  |  | Yes           |                  1 | On Loan: No      |
| FRANKLIN RESOURCES, INC.                                                         | FRANKLIN RESOURCES INC COMMON STOCK                                                | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               |  | US        |     1369899 | NS      | $30973416.39  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MOSKOVSKAYA BIRZHA MMVB-RTS PAO                                                  | MOSCOW EXCHANGE MICEX-RTS PJ COMMON STOCK                                          | CUSIP: N/A<br>LEI: 253400M5M1222KPNWE87       | Long             | EC               |  | RU        |    14084614 | NS      | $8414162.35   | 0.27%             |  |  |  | No            |                  3 | On Loan: No      |
| AIR LEASE CORPORATION                                                            | AIR LEASE CORP COMMON STOCK                                                        | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               |  | US        |      107200 | NS      | $6845792.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTING PLANTATIONS BERHAD                                                       | GENTING PLANTATIONS BHD COMMON STOCK                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MY        |     9982200 | NS      | $12093659.35  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KASIKORNBANK PUBLIC COMPANY LIMITED                                              | KASIKORNBANK PCL-FOREIGN COMMON STOCK                                              | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               |  | TH        |     2200500 | NS      | $12683891.60  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| KOREAN AIR LINES CO.,LTD                                                         | KOREAN AIR LINES CO LTD COMMON STOCK                                               | CUSIP: N/A<br>LEI: 988400C2UFBF4B660C58       | Long             | EC               |  | KR        |      483066 | NS      | $7496333.87   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FUKUDA CORPORATION                                                               | FUKUDA CORP COMMON STOCK                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      153800 | NS      | $6862883.32   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc                                                             | IVANHOE ELECTRIC INC / US COMMON STOCK                                             | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               |  | US        |      352697 | NS      | $5216388.63   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | DREYFUS TREASURY SEC CASH-PT DPRXX US EQUITY                                       | CUSIP: 261941405<br>LEI: N/A                  | Long             | STIV             |  | US        |    27742804 | PA      | $27742804.14  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | POLYUS PJSC-REG S-GDR DEPOSITARY RECEIPT                                           | CUSIP: 73181M117<br>LEI: N/A                  | Long             | EC               |  | GB        |      613103 | NS      | $23235561.42  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SJM Holdings Limited                                                             | SJM HOLDINGS LTD COMMON STOCK                                                      | CUSIP: N/A<br>LEI: 529900XEAB40COT5ZL30       | Long             | EC               |  | HK        |    28172000 | NS      | $10252526.25  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK VTB PAO                                                                     | VTB BANK PJSC COMMON STOCK                                                         | CUSIP: N/A<br>LEI: 253400V1H6ART1UQ0N98       | Long             | EC               |  | RU        |     9484622 | NS      | $2390758.61   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kamigumi Co.,Ltd.                                                                | KAMIGUMI CO LTD COMMON STOCK                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      441050 | NS      | $13239541.31  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SEABRIDGE GOLD INC.                                                              | SEABRIDGE GOLD INC COMMON STOCK                                                    | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               |  | CA        |     1422848 | NS      | $33944240.19  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                                              | COMCAST CORP-CLASS A COMMON STOCK                                                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |      264137 | NS      | $7352253.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cresud Sociedad Anonima, Comercial, Inmobiliaria, Financiera y Agropecuaria      | CRESUD S.A.-SPONS ADR DEPOSITARY RECEIPT                                           | CUSIP: 226406106<br>LEI: 529900OJF9C0NUFNN613 | Long             | EC               |  | US        |     1912824 | NS      | $23661632.88  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED                                    | LUKS GROUP VIETNAM HOLDINGS COMMON STOCK                                           | CUSIP: N/A<br>LEI: 5299004B24AHX4THUB34       | Long             | EC               |  | HK        |     9255000 | NS      | $1119573.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION                                                        | EXPAND ENERGY CORP COMMON STOCK                                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               |  | US        |      301770 | NS      | $31175858.70  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bear Creek Mining Corp                                                           | BEAR CREEK MINING CORP COMMON STOCK                                                | CUSIP: 07380N104<br>LEI: 549300C9IY653M7KMK88 | Long             | EC               |  | CA        |    12752179 | NS      | $5182519.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PALADIN ENERGY LTD                                                               | PALADIN ENERGY LTD COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               |  | AU        |     6411743 | NS      | $40222233.36  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CK HUTCHISON HOLDINGS LIMITED                                                    | CK HUTCHISON HOLDINGS LTD COMMON STOCK                                             | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               |  | HK        |     8293500 | NS      | $54998139.98  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HI SUN TECHNOLOGY (CHINA) LIMITED                                                | HI SUN TECHNOLOGY CHINA LTD COMMON STOCK                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | HK        |    69309000 | NS      | $5267227.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | SPXW US 10/31/25 P6425 LONG                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        1007 | NC      | $5035.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BrasilAgro - Companhia Brasileira de Propriedades Agricolas                      | BRASILAGRO-CIA BRASILEIRA DE COMMON STOCK                                          | CUSIP: N/A<br>LEI: HNU7Z5273PRV5T5S5F07       | Long             | EC               |  | BR        |     2390500 | NS      | $8908916.44   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Company                                                        | SAUDI ARABIAN OIL CO COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               |  | SA        |     1088539 | NS      | $7521253.01   | 0.25%             |  |  |  | Yes           |                  1 | On Loan: No      |
| N/A                                                                              | BROWN BROTHERS HARRIMAN SWEEP INTEREST                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   444509608 | PA      | $444509608.40 | 14.49%            |  |  |  | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORPORATION                                                      | RANGE RESOURCES CORP COMMON STOCK                                                  | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               |  | US        |     1836716 | NS      | $65295253.80  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK ROSSII PAO                                                              | SBERBANK OF RUSSIA PJSC COMMON STOCK                                               | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               |  | RU        |    12648865 | NS      | $13670166.92  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Korean Reinsurance Company                                                       | KOREAN REINSURANCE CO COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 988400GFST66YNV5UF89       | Long             | EC               |  | KR        |     1023254 | NS      | $7614410.42   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Copper and Gold Corp                                                     | WESTERN COPPER AND GOLD CORP COMMON STOCK                                          | CUSIP: 95805V108<br>LEI: 529900DF4NXAM6X99014 | Long             | EC               |  | CA        |     5570563 | NS      | $11676913.64  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Uplus Corp                                                                    | LG UPLUS CORP COMMON STOCK                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     9940369 | NS      | $106258618.40 | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HANKOOK & COMPANY CO., LTD.                                                      | HANKOOK & CO COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 549300ET8LEWSPTMRK47       | Long             | EC               |  | KR        |     1035925 | NS      | $17096834.63  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corp.                                                                 | MEG ENERGY CORP COMMON STOCK                                                       | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               |  | CA        |     1230753 | NS      | $26044525.36  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                                                   | KT CORP-SP ADR DEPOSITARY RECEIPT                                                  | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               |  | US        |     1103394 | NS      | $20467958.70  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp.                                                                         | LG CORP COMMON STOCK                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      940409 | NS      | $52889477.48  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Media Nusantara Citra Tbk                                                     | MEDIA NUSANTARA CITRA TBK PT COMMON STOCK                                          | CUSIP: N/A<br>LEI: 254900Y0ZF75CIA04X94       | Long             | EC               |  | ID        |   326492300 | NS      | $5259560.66   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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