# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0001752724-23-075379
**Filing Date:** 2023-3
**Character Count:** 12454
**Document Hash:** 1b6c112241139422cfa079f85cb94397
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075379.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075379

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund II
- **CENTRAL INDEX KEY:** 0000890540
- **IRS NUMBER:** 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:** 23784578

**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

### REAVES INFRASTRUCTURE FUND (Series ID: S000006467)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000017675 | INSTITUTIONAL CLASS SHARES | RSRFX           |

## 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:** Reaves Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000006467

- **c. LEI of Series:** 5493001NU07FTGFWK120

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $32361962.92

**Total Liabilities:** $90710.86

**Net Assets:** $32271252.06

**Cash Not Reported:** $2189.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017675 | 2.80%                | -3.58%               | 8.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $899709.21                                 |
| Month 2  | $155103.43               | $-1422051.79                               |
| Month 3  | $-416210.78              | $3071370.30                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EQUINIX, INC.                                            | EQUINIX INC REIT                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |      2230 | NS      | $1646029.90   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS Corporation                                        | TELUS CORP COMMON STOCK                               | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               |  | US        |     55876 | NS      | $1204127.80   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                       | DTE ENERGY COMPANY COMMON STOCK                       | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               |  | US        |      8259 | NS      | $961099.83    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                                     | NEXTERA ENERGY INC COMMON STOCK                       | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               |  | US        |     19113 | NS      | $1426403.19   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                                 | ATMOS ENERGY CORP COMMON STOCK                        | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               |  | US        |      9983 | NS      | $1173401.82   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                                        | T-MOBILE US INC COMMON STOCK                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |     11490 | NS      | $1715571.90   | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc.                                         | XCEL ENERGY INC COMMON STOCK                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               |  | US        |     20662 | NS      | $1420925.74   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS COMPANY, INC.                       | AMERICAN WATER WORKS CO INC COMMON STOCK              | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               |  | US        |      9101 | NS      | $1424215.49   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.                    | AMERICAN ELECTRIC POWER COMMON STOCK                  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               |  | US        |     11999 | NS      | $1127426.04   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                               | ALLIANT ENERGY CORP COMMON STOCK                      | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               |  | US        |     22118 | NS      | $1195035.54   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc.                               | ROGERS COMMUNICATIONS INC-B COMMON STOCK              | CUSIP: 775109200<br>LEI: 54930030NVF3Y2OL0A78 | Long             | EC               |  | US        |     27638 | NS      | $1344588.70   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                      | COMCAST CORP-CLASS A COMMON STOCK                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     30347 | NS      | $1194154.45   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                             | LINDE PLC COMMON STOCK                                | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               |  | US        |      4687 | NS      | $1551115.78   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                                      | ENTERGY CORP COMMON STOCK                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               |  | US        |     12742 | NS      | $1379703.76   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Daily Income Trust: Treasury II Fund; Class F Shares | SEI DAILY INCOME TRUST TREASURY II MONEY MARKET (#37) | CUSIP: 783965619<br>LEI: N/A                  | Long             | STIV             |  | US        |    231292 | PA      | $231291.69    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEMIN DE FER CANADIEN PACIFIQUE LIMITEE                 | CANADIAN PACIFIC RAILWAY LTD COMMON STOCK             | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               |  | US        |     18107 | NS      | $1428642.30   | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corporation                           | SBA COMMUNICATIONS CORP REIT                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      5460 | NS      | $1624513.80   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC.                                        | Crown Castle Inc REIT                                 | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      7731 | NS      | $1145038.41   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.                        | CONSTELLATION ENERGY COMMON STOCK                     | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               |  | US        |     15933 | NS      | $1360040.88   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                                  | DUKE ENERGY CORP COMMON STOCK                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               |  | US        |      9101 | NS      | $932397.45    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                                       | AMEREN CORPORATION COMMON STOCK                       | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               |  | US        |     15564 | NS      | $1352044.68   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT COMMUNICATIONS HOLDINGS, INC.                     | COGENT COMMUNICATIONS HOLDIN COMMON STOCK             | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               |  | US        |     23841 | NS      | $1634777.37   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                                   | CMS ENERGY CORP COMMON STOCK                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               |  | US        |     21794 | NS      | $1377162.86   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORPORATION                                | UNION PACIFIC CORP COMMON STOCK                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               |  | US        |      6099 | NS      | $1245354.81   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                            | NISOURCE INC COMMON STOCK                             | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               |  | US        |     43633 | NS      | $1210815.75   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

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

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO