# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-26-001546
**Filing Date:** 2026-2
**Character Count:** 18092
**Document Hash:** aed371595b9deef6983a9c03ff4ab5f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-001546.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0002048251-26-001546

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26696204

**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

### 3EDGE Dynamic Fixed Income ETF (Series ID: S000087684)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000253559 | 3EDGE Dynamic Fixed Income ETF | EDGF            |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
|  | **DYNAMIC FIXED INCOME ETF** |
|  | **DECEMBER 31, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS** | | |
| **Description** | **Shares** | **Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Domestic Fixed Income — 99.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X 1-3 Month T-Bill ETF, Cl 3<sup>(A)</sup> | 263152 | $26344 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Access Treasury 0-1 Year ETF | 146414 | 14633 |
| &nbsp;&nbsp;&nbsp;iShares 0-3 Month Treasury Bond ETF, Cl 3<sup>(A)(B)</sup> | 424094 | 42570 |
| &nbsp;&nbsp;&nbsp;iShares TIPS Bond ETF<sup>(A)(B)</sup> | 399725 | 43934 |
| &nbsp;&nbsp;&nbsp;State Street SPDR Bloomberg 1-3 Month T-Bill ETF, Cl 3<sup>(A)(B)</sup> | 642583 | 58719 |
| &nbsp;&nbsp;&nbsp;State Street SPDR Portfolio Intermediate Term Treasury ETF | 1066465 | 30757 |
| &nbsp;&nbsp;&nbsp;State Street SPDR Portfolio TIPS ETF<sup>(A)</sup> | 1185645 | 30767 |
| &nbsp;&nbsp;&nbsp;Vanguard Intermediate-Term Treasury ETF<sup>(A)(B)</sup> | 732852 | 43920 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $291,772) |  | 291644 |
| **SHORT-TERM INVESTMENTS — 25.6%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 3.67%<sup>(C)</sup> | 3344096 | 3344 |
| &nbsp;&nbsp;&nbsp;Mount Vernon Liquid Assets Portfolio, 3.84%<sup>(C)(D)</sup> | 71541767 | 71542 |
| Total Short-Term Investments |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $74,886) |  | 74886 |
| **Total Investments - 125.3%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $366,658) |  | $366530 |

---

Percentages are based on Net Assets of $292,584 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(A) This
security or a partial position of this security is on loan at December 31, 2025. The total value of securities on loan at December
31, 2025 was $70,087 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(B) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(C) The
rate shown is the 7-day effective yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(D) This
security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31,
2025 was $71,542 (000).

Cl — Class

ETF — Exchange-Traded Fund

SPDR — Standard & Poor's Depositary Receipts

TIPS — Treasury Inflation Protected Security

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
|  | **DYNAMIC HARD ASSETS ETF** |
|  | **DECEMBER 31, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS** | | |
| **Description** | **Shares** | **Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**Domestic Commodity — 69.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Harbor Commodity All Weather Strategy ETF<sup>(A)(B)</sup> | 1225797 | $30424 |
| &nbsp;&nbsp;&nbsp;Pimco Commodity Strategy Active Exchange-Traded Fund<sup>(B)</sup> | 354628 | 9784 |
| &nbsp;&nbsp;&nbsp;Sprott Physical Gold and Silver Trust<sup>(A)(B)</sup>\* | 556287 | 25478 |
| &nbsp;&nbsp;&nbsp;Sprott Physical Gold Trust<sup>(A)</sup>\* | 953100 | 31471 |
| &nbsp;&nbsp;&nbsp;USCF SummerHaven Dynamic Commodity Strategy No. K-1 Fund<sup>(B)</sup> | 3486 | 77 |
|  |  | 97234 |
| &nbsp;&nbsp;&nbsp;**Domestic Fixed Income — 30.0%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares 0-5 Year TIPS Bond ETF, Cl 5 | 142094 | 14549 |
| &nbsp;&nbsp;&nbsp;Vanguard Short-Term Inflation-Protected Securities ETF<sup>(A)</sup> | 554367 | 27419 |
|  |  | 41968 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $133,400) |  | 139202 |
| **SHORT-TERM INVESTMENTS — 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 3.67%<sup>(C)</sup> | 2450632 | 2451 |
| &nbsp;&nbsp;&nbsp;Mount Vernon Liquid Assets Portfolio, 3.84%<sup>(C)(D)</sup> | 4402228 | 4402 |
| Total Short-Term Investments |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,853) |  | 6853 |
| **Total Investments - 104.3%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $140,253) |  | $146055 |

---

Percentages are based on Net Assets of $140,051 (000).

\* Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(A) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(B) This
security or a partial position of this security is on loan at December 31, 2025. The total value of securities on loan at December
31, 2025 was $4,209 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(C) The
rate shown is the 7-day effective yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(D) This
security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31,
2025 was $4,402 (000).

Cl — Class

ETF — Exchange-Traded Fund

TIPS — Treasury Inflation Protected Security

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
|  | **DYNAMIC INTERNATIONAL EQUITY ETF** |
|  | **DECEMBER 31, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS** | | |
| **Description** | **Shares** | **Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.5%** | | |
| &nbsp;&nbsp;&nbsp;**International Equity — 99.5%** | | |
| &nbsp;&nbsp;&nbsp;iShares MSCI Europe Small-Capital ETF<sup>(A)</sup> | 92669 | $6352 |
| &nbsp;&nbsp;&nbsp;iShares MSCI Germany ETF<sup>(A)</sup> | 388456 | 16509 |
| &nbsp;&nbsp;&nbsp;iShares MSCI Global Gold Miners ETF | 61084 | 4498 |
| &nbsp;&nbsp;&nbsp;iShares MSCI India ETF | 66208 | 3579 |
| &nbsp;&nbsp;&nbsp;iShares MSCI Japan Small-Capital ETF | 50582 | 4644 |
| &nbsp;&nbsp;&nbsp;JPMorgan BetaBuilders Japan ETF<sup>(A)(B)</sup> | 329665 | 21728 |
| &nbsp;&nbsp;&nbsp;SEI Select Emerging Markets Equity ETF<sup>(A)(B)</sup> | 760600 | 23674 |
| &nbsp;&nbsp;&nbsp;SEI Select International Equity ETF<sup>(A)(B)</sup> | 1144408 | 37230 |
| &nbsp;&nbsp;&nbsp;SPDR EURO STOXX 50 ETF<sup>(A)</sup> | 44654 | 2875 |
| &nbsp;&nbsp;&nbsp;SPDR MSCI ACWI ex-US ETF<sup>(A)(B)</sup> | 1026563 | 36874 |
| &nbsp;&nbsp;&nbsp;SPDR S&P Emerging Markets Small Cap ETF<sup>(A)</sup> | 68217 | 4479 |
| &nbsp;&nbsp;&nbsp;WisdomTree Europe SmallCap Dividend Fund<sup>(A)</sup> | 38585 | 2772 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $158,203) |  | 165214 |
| **SHORT-TERM INVESTMENTS — 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 3.67%<sup>(C)</sup> | 3027663 | 3027 |
| &nbsp;&nbsp;&nbsp;Mount Vernon Liquid Assets Portfolio, 3.84%<sup>(C)(D)</sup> | 20310775 | 20311 |
| Total Short-Term Investments |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $23,338) |  | 23338 |
| **Total Investments - 113.5%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $181,541) |  | $188552 |

---

Percentages are based on Net Assets of $166,129 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(A) This
security or a partial position of this security is on loan at December 31, 2025. The total value of securities on loan at December
31, 2025 was $19,777 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(B) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(C) The
rate shown is the 7-day effective yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(D) This
security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31,
2025 was $20,311 (000).

ACWI — All Country World Index

Cl — Class

ETF — Exchange-Traded Fund

S&P— Standard & Poor's

SPDR — Standard & Poor's Depositary Receipts

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
|  | **DYNAMIC US EQUITY ETF** |
|  | **DECEMBER 31, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS** | | |
| **Description** | **Shares** | **Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.6%** | | |
| &nbsp;&nbsp;&nbsp;**Domestic Equity — 99.6%** | | |
| &nbsp;&nbsp;&nbsp;Invesco QQQ Trust Series 1, Ser 1 | 5674 | $3486 |
| &nbsp;&nbsp;&nbsp;State Street Communication Services Select Sector SPDR ETF | 36788 | 4331 |
| &nbsp;&nbsp;&nbsp;State Street Consumer Discretionary Select Sector SPDR ETF<sup>(A)</sup> | 32446 | 3874 |
| &nbsp;&nbsp;&nbsp;State Street Consumer Staples Select Sector SPDR ETF | 21979 | 1707 |
| &nbsp;&nbsp;&nbsp;State Street Energy Select Sector SPDR ETF | 23628 | 1056 |
| &nbsp;&nbsp;&nbsp;State Street Financial Select Sector SPDR ETF<sup>(B)</sup> | 92314 | 5056 |
| &nbsp;&nbsp;&nbsp;State Street Health Care Select Sector SPDR ETF<sup>(A)(B)</sup> | 34000 | 5263 |
| &nbsp;&nbsp;&nbsp;State Street Industrial Select Sector SPDR ETF<sup>(A)</sup> | 19018 | 2950 |
| &nbsp;&nbsp;&nbsp;State Street Materials Select Sector SPDR ETF<sup>(A)</sup> | 14173 | 643 |
| &nbsp;&nbsp;&nbsp;State Street Real Estate Select Sector SPDR ETF | 16709 | 674 |
| &nbsp;&nbsp;&nbsp;State Street Technology Select Sector SPDR ETF<sup>(A)(B)</sup> | 64434 | 9277 |
| &nbsp;&nbsp;&nbsp;State Street Utilities Select Sector SPDR ETF | 18742 | 800 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $36,989) |  | 39117 |
| **SHORT-TERM INVESTMENTS — 29.0%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 3.67%<sup>(C)</sup> | 330815 | 331 |
| &nbsp;&nbsp;&nbsp;Mount Vernon Liquid Assets Portfolio, 3.84%<sup>(C)(D)</sup> | 11071768 | 11072 |
| Total Short-Term Investments |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $11,403) |  | 11403 |
| **Total Investments - 128.6%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $48,392) |  | $50520 |

---

Percentages are based on Net Assets of $39,296 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(A) This
security or a partial position of this security is on loan at December 31, 2025. The total value of securities on loan at December
31, 2025 was $10,753 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(B) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(C) The
rate shown is the 7-day effective yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(D) This
security was purchased with cash collateral held from securities on loan. The total value of such securities as of December 31,
2025 was $11,072 (000).

Cl — Class

ETF — Exchange-Traded Fund

Ser — Series

SPDR — Standard & Poor's Depositary Receipts

EDG-QH-001-0300

## 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:** 3EDGE Dynamic Fixed Income ETF

- **b. EDGAR series identifier (if any):** S000087684

- **c. LEI of Series:** 52990018A3M4L6ACIC31

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $292731574.60

**Total Liabilities:** $147481.35

**Net Assets:** $292584093.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253559 | -0.10%               | 0.24%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3253.48                | $-2008514.56                               |
| Month 2  | $-118303.52              | $175692.10                                 |
| Month 3  | $0.00                    | $158474.63                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                               | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X   | CUSIP: 31846V336<br>LEI: N/A | Long             | STIV             |  | US        |   3344096 | PA      | $3344096.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X 1-3 Month T-Bill ETF                     | GLOBAL X 1-3 MONTH T-BILL MUTUAL FUND                        | CUSIP: 37960A438<br>LEI: N/A | Long             | EC               | RF                | US        |    263152 | NS      | $26344146.72  | 9.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Goldman Sachs Access Treasury 0-1 Year ETF        | GOLDMAN SACHS ACCESS TREASUR MUTUAL FUND                     | CUSIP: 381430529<br>LEI: N/A | Long             | EC               | RF                | US        |    146414 | NS      | $14632615.16  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-3 Month Treasury Bond ETF               | ISHARES 0-3 MONTH TREASURY B MUTUAL FUND                     | CUSIP: 46436E718<br>LEI: N/A | Long             | EC               | RF                | US        |    424094 | NS      | $42570555.72  | 14.55%            |  |  |  | No            |                  1 | On Loan: —       |
| iShares TIPS Bond ETF                             | ISHARES TIPS BOND ETF MUTUAL FUND                            | CUSIP: 464287176<br>LEI: N/A | Long             | EC               | RF                | US        |    399725 | NS      | $43933774.75  | 15.02%            |  |  |  | No            |                  1 | On Loan: —       |
| MOUNT VERNON LIQUID ASSETS PORTFOLIO              | MOUNT VERNON LIQUID ASSETS PORTFOLIO                         | CUSIP: 990VR1110<br>LEI: N/A | Long             | STIV             |  | US        |  71541767 | NS      | $71541767.25  | 24.45%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Bloomberg 1-3 Month T-Bill ETF  | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF MUTUAL FUND | CUSIP: 78468R663<br>LEI: N/A | Long             | EC               | RF                | US        |    642583 | NS      | $58719234.54  | 20.07%            |  |  |  | No            |                  1 | On Loan: —       |
| State Street SPDR Portfolio Int Term Treasury ETF | STATE STREET SPDR PORT INT TREASURY TERM MUTUAL FUND         | CUSIP: 78464A672<br>LEI: N/A | Long             | EC               | RF                | US        |   1066465 | NS      | $30756850.60  | 10.51%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Portfolio TIPS ETF              | STATE STREET SPDR PORTFOLIO TIPS ETF MUTUAL FUND             | CUSIP: 78464A656<br>LEI: N/A | Long             | EC               | RF                | US        |   1185645 | NS      | $30767487.75  | 10.52%            |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard Intermediate Term Treasury ETF           | VANGUARD INTERMEDIATE-TERM T MUTUAL FUND                     | CUSIP: 92206C706<br>LEI: N/A | Long             | EC               | RF                | US        |    732852 | NS      | $43919820.36  | 15.01%            |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-12-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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