# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-25-002701
**Filing Date:** 2025-11
**Character Count:** 46880
**Document Hash:** 0771a15ab9380b196d9bb0e7b64e64b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002701.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0002048251-25-002701

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**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:** 251532800

**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

### VONTOBEL INTERNATIONAL EQUITY FUND (Series ID: S000084631)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000249063 | Y Shares             | VNIYX           |
| C000249064 | A Shares             | VNIAX           |
| C000249065 | Institutional Shares | VNIIX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL**<br> **INTERNATIONAL EQUITY FUND**<br> **SEPTEMBER 30, 2025**<br> **(Unaudited)**  |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS**  | **SCHEDULE OF INVESTMENTS**  | **SCHEDULE OF INVESTMENTS**  |
| **COMMON STOCK — 95.2%<sup>#</sup>** | **COMMON STOCK — 95.2%<sup>#</sup>** | **COMMON STOCK — 95.2%<sup>#</sup>** |
|  | Shares | Value |
| **BRAZIL — 1.9%** | **BRAZIL — 1.9%** | **BRAZIL — 1.9%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.9%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.9%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.9%** |
| &nbsp;&nbsp;&nbsp;MercadoLibre \* | 1015 | $2371994 |
| **CANADA — 5.3%** | **CANADA — 5.3%** | **CANADA — 5.3%** |
| &nbsp;&nbsp;&nbsp;**Financials — 3.8%** | &nbsp;&nbsp;&nbsp;**Financials — 3.8%** | &nbsp;&nbsp;&nbsp;**Financials — 3.8%** |
| &nbsp;&nbsp;&nbsp;Intact Financial  | 5330 | 1037008 |
| &nbsp;&nbsp;&nbsp;Royal Bank of Canada  | 25749 | 3795096 |
|  |  | 4832104 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.5%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.5%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.5%** |
| &nbsp;&nbsp;&nbsp;Constellation Software  | 705 | 1913829 |
|  |  | 6745933 |
| **CHINA — 7.8%** | **CHINA — 7.8%** | **CHINA — 7.8%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 4.8%** | &nbsp;&nbsp;&nbsp;**Communication Services — 4.8%** | &nbsp;&nbsp;&nbsp;**Communication Services — 4.8%** |
| &nbsp;&nbsp;&nbsp;Tencent Holdings  | 71832 | 6119882 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 3.0%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 3.0%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 3.0%** |
| &nbsp;&nbsp;&nbsp;Nongfu Spring, Cl H  | 541400 | 3749891 |
|  |  | 9869773 |
| **FRANCE — 14.0%** | **FRANCE — 14.0%** | **FRANCE — 14.0%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.2%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.2%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.2%** |
| &nbsp;&nbsp;&nbsp;Hermes International  | 600 | 1467332 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.3%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.3%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.3%** |
| &nbsp;&nbsp;&nbsp;L'Oreal  | 6887 | 2979582 |
| &nbsp;&nbsp;&nbsp;**Industrials — 8.9%** | &nbsp;&nbsp;&nbsp;**Industrials — 8.9%** | &nbsp;&nbsp;&nbsp;**Industrials — 8.9%** |
| &nbsp;&nbsp;&nbsp;Legrand  | 24669 | 4072159 |
| &nbsp;&nbsp;&nbsp;Safran  | 12728 | 4484500 |
| &nbsp;&nbsp;&nbsp;Schneider Electric  | 10005 | 2790946 |
|  |  | 11347605 |
| &nbsp;&nbsp;&nbsp;**Materials — 1.6%** | &nbsp;&nbsp;&nbsp;**Materials — 1.6%** | &nbsp;&nbsp;&nbsp;**Materials — 1.6%** |
| &nbsp;&nbsp;&nbsp;Air Liquide  | 9756 | 2025766 |
|  |  | 17820285 |
| **GERMANY — 6.3%** | **GERMANY — 6.3%** | **GERMANY — 6.3%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 0.5%** | &nbsp;&nbsp;&nbsp;**Communication Services — 0.5%** | &nbsp;&nbsp;&nbsp;**Communication Services — 0.5%** |
| &nbsp;&nbsp;&nbsp;CTS Eventim & KGaA  | 6456 | 632146 |
| &nbsp;&nbsp;&nbsp;**Financials — 1.2%** | &nbsp;&nbsp;&nbsp;**Financials — 1.2%** | &nbsp;&nbsp;&nbsp;**Financials — 1.2%** |
| &nbsp;&nbsp;&nbsp;Deutsche Boerse  | 5696 | 1525398 |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.2%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.2%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.2%** |
| &nbsp;&nbsp;&nbsp;Rheinmetall  | 1733 | 4037732 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.4%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.4%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.4%** |
| &nbsp;&nbsp;&nbsp;SAP  | 6787 | 1815976 |
|  |  | 8011252 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | **COMMON STOCK — continued** | **COMMON STOCK — continued** |
|  | Shares | Value |
| **HONG KONG — 3.6%** | **HONG KONG — 3.6%** | **HONG KONG — 3.6%** |
| &nbsp;&nbsp;&nbsp;**Financials — 3.6%** | &nbsp;&nbsp;&nbsp;**Financials — 3.6%** | &nbsp;&nbsp;&nbsp;**Financials — 3.6%** |
| &nbsp;&nbsp;&nbsp;Prudential  | 322001 | $4508144 |
| **INDIA — 0.7%** | **INDIA — 0.7%** | **INDIA — 0.7%** |
| &nbsp;&nbsp;&nbsp;**Financials — 0.7%** | &nbsp;&nbsp;&nbsp;**Financials — 0.7%** | &nbsp;&nbsp;&nbsp;**Financials — 0.7%** |
| &nbsp;&nbsp;&nbsp;ICICI Bank  | 62741 | 952540 |
| **IRELAND — 5.4%** | **IRELAND — 5.4%** | **IRELAND — 5.4%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 3.0%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 3.0%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 3.0%** |
| &nbsp;&nbsp;&nbsp;Flutter Entertainment \* | 14542 | 3782426 |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.4%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.4%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.4%** |
| &nbsp;&nbsp;&nbsp;Experian  | 60317 | 3019298 |
|  |  | 6801724 |
| **ITALY — 4.1%** | **ITALY — 4.1%** | **ITALY — 4.1%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.1%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.1%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.1%** |
| &nbsp;&nbsp;&nbsp;Ferrari  | 5608 | 2710012 |
| &nbsp;&nbsp;&nbsp;**Utilities — 2.0%** | &nbsp;&nbsp;&nbsp;**Utilities — 2.0%** | &nbsp;&nbsp;&nbsp;**Utilities — 2.0%** |
| &nbsp;&nbsp;&nbsp;Terna - Rete Elettrica Nazionale  | 250535 | 2540794 |
|  |  | 5250806 |
| **JAPAN — 8.9%** | **JAPAN — 8.9%** | **JAPAN — 8.9%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.3%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.3%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.3%** |
| &nbsp;&nbsp;&nbsp;Capcom  | 58746 | 1598101 |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.3%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.3%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.3%** |
| &nbsp;&nbsp;&nbsp;Fujikura  | 33193 | 3244445 |
| &nbsp;&nbsp;&nbsp;MonotaRO  | 67628 | 985942 |
|  |  | 4230387 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 4.3%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.3%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.3%** |
| &nbsp;&nbsp;&nbsp;Nomura Research Institute  | 67498 | 2589283 |
| &nbsp;&nbsp;&nbsp;Obic  | 83371 | 2905597 |
|  |  | 5494880 |
|  |  | 11323368 |
| **NETHERLANDS — 4.3%** | **NETHERLANDS — 4.3%** | **NETHERLANDS — 4.3%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.9%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.9%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.9%** |
| &nbsp;&nbsp;&nbsp;Universal Music Group  | 85212 | 2457067 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.9%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.9%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.9%** |
| &nbsp;&nbsp;&nbsp;Coca-Cola Europacific Partners  | 12635 | 1142330 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** |
| &nbsp;&nbsp;&nbsp;Wolters Kluwer  | 13965 | 1904356 |
|  |  | 5503753 |
| **SWEDEN — 3.6%** | **SWEDEN — 3.6%** | **SWEDEN — 3.6%** |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.6%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.6%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.6%** |
| &nbsp;&nbsp;&nbsp;Beijer Ref, Cl B  | 175003 | 2726057 |
| &nbsp;&nbsp;&nbsp;Lifco, Cl B  | 53514 | 1806461 |
|  |  | 4532518 |

---

*1*

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL**<br> **INTERNATIONAL EQUITY FUND**<br> **SEPTEMBER 30, 2025**<br> **(Unaudited)**  |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | **COMMON STOCK — continued** | **COMMON STOCK — continued** |
|  | Shares | Value |
| **SWITZERLAND — 5.0%** | **SWITZERLAND — 5.0%** | **SWITZERLAND — 5.0%** |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.8%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.8%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.8%** |
| &nbsp;&nbsp;&nbsp;Chocoladefabriken Lindt & Spruengli  | 67 | $1023453 |
| &nbsp;&nbsp;&nbsp;**Health Care — 4.2%** | &nbsp;&nbsp;&nbsp;**Health Care — 4.2%** | &nbsp;&nbsp;&nbsp;**Health Care — 4.2%** |
| &nbsp;&nbsp;&nbsp;Galderma Group  | 30539 | 5305626 |
|  |  | 6329079 |
| **TAIWAN — 4.2%** | **TAIWAN — 4.2%** | **TAIWAN — 4.2%** |
| &nbsp;&nbsp;&nbsp;**Information Technology — 4.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.2%** |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR  | 18970 | 5298131 |
| **UNITED KINGDOM — 10.8%** | **UNITED KINGDOM — 10.8%** | **UNITED KINGDOM — 10.8%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.3%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.3%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.3%** |
| &nbsp;&nbsp;&nbsp;Games Workshop Group  | 8516 | 1664145 |
| &nbsp;&nbsp;&nbsp;**Financials — 4.2%** | &nbsp;&nbsp;&nbsp;**Financials — 4.2%** | &nbsp;&nbsp;&nbsp;**Financials — 4.2%** |
| &nbsp;&nbsp;&nbsp;London Stock Exchange Group  | 16220 | 1857703 |
| &nbsp;&nbsp;&nbsp;NatWest Group  | 494345 | 3467828 |
|  |  | 5325531 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** |
| &nbsp;&nbsp;&nbsp;RELX  | 38646 | 1848750 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 2.6%** | &nbsp;&nbsp;&nbsp;**Information Technology — 2.6%** | &nbsp;&nbsp;&nbsp;**Information Technology — 2.6%** |
| &nbsp;&nbsp;&nbsp;Halma  | 72451 | 3361656 |
| &nbsp;&nbsp;&nbsp;**Utilities — 1.2%** | &nbsp;&nbsp;&nbsp;**Utilities — 1.2%** | &nbsp;&nbsp;&nbsp;**Utilities — 1.2%** |
| &nbsp;&nbsp;&nbsp;National Grid  | 104377 | 1498520 |
|  |  | 13698602 |
| **UNITED STATES — 9.3%** | **UNITED STATES — 9.3%** | **UNITED STATES — 9.3%** |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.4%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.4%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.4%** |
| &nbsp;&nbsp;&nbsp;Philip Morris International  | 11015 | 1786633 |
| &nbsp;&nbsp;&nbsp;**Financials — 4.1%** | &nbsp;&nbsp;&nbsp;**Financials — 4.1%** | &nbsp;&nbsp;&nbsp;**Financials — 4.1%** |
| &nbsp;&nbsp;&nbsp;Aon, Cl A  | 5941 | 2118442 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A  | 5497 | 3126748 |
|  |  | 5245190 |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.8%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.8%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.8%** |
| &nbsp;&nbsp;&nbsp;RB Global  | 43878 | 4754620 |
|  |  | 11786443 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $102,138,837)  |  | 120804345 |
| TOTAL INVESTMENTS — 95.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $102,138,837) |  | $120804345 |

---

---

| | |
|:---|:---|
|  | *Percentages are based on Net Assets of $126,924,463.* |
| *\** | *Non-income producing security.* |

---

*2*

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL**<br> **GLOBAL EQUITY FUND**<br> **SEPTEMBER 30, 2025**<br> **(Unaudited)**  |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS**  | **SCHEDULE OF INVESTMENTS**  | **SCHEDULE OF INVESTMENTS**  |
| **COMMON STOCK — 95.4%** | **COMMON STOCK — 95.4%** | **COMMON STOCK — 95.4%** |
|  | Shares | Value |
| **CANADA — 1.6%** | **CANADA — 1.6%** | **CANADA — 1.6%** |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.6%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.6%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.6%** |
| &nbsp;&nbsp;&nbsp;Constellation Software  | 140 | $380051 |
| **CHINA — 5.0%** | **CHINA — 5.0%** | **CHINA — 5.0%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 5.0%** | &nbsp;&nbsp;&nbsp;**Communication Services — 5.0%** | &nbsp;&nbsp;&nbsp;**Communication Services — 5.0%** |
| &nbsp;&nbsp;&nbsp;Tencent Holdings  | 13700 | 1167201 |
| **FRANCE — 6.1%** | **FRANCE — 6.1%** | **FRANCE — 6.1%** |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.0%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.0%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.0%** |
| &nbsp;&nbsp;&nbsp;L'Oreal  | 567 | 245306 |
| &nbsp;&nbsp;&nbsp;**Health Care — 1.3%** | &nbsp;&nbsp;&nbsp;**Health Care — 1.3%** | &nbsp;&nbsp;&nbsp;**Health Care — 1.3%** |
| &nbsp;&nbsp;&nbsp;EssilorLuxottica  | 929 | 301032 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.3%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.3%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.3%** |
| &nbsp;&nbsp;&nbsp;Schneider Electric  | 1102 | 307409 |
| &nbsp;&nbsp;&nbsp;**Materials — 2.5%** | &nbsp;&nbsp;&nbsp;**Materials — 2.5%** | &nbsp;&nbsp;&nbsp;**Materials — 2.5%** |
| &nbsp;&nbsp;&nbsp;Air Liquide  | 2790 | 579324 |
|  |  | 1433071 |
| **GERMANY — 2.3%** | **GERMANY — 2.3%** | **GERMANY — 2.3%** |
| &nbsp;&nbsp;&nbsp;**Information Technology — 2.3%** | &nbsp;&nbsp;&nbsp;**Information Technology — 2.3%** | &nbsp;&nbsp;&nbsp;**Information Technology — 2.3%** |
| &nbsp;&nbsp;&nbsp;SAP  | 2021 | 540752 |
| **HONG KONG — 2.7%** | **HONG KONG — 2.7%** | **HONG KONG — 2.7%** |
| &nbsp;&nbsp;&nbsp;**Financials — 2.7%** | &nbsp;&nbsp;&nbsp;**Financials — 2.7%** | &nbsp;&nbsp;&nbsp;**Financials — 2.7%** |
| &nbsp;&nbsp;&nbsp;AIA Group  | 65800 | 631200 |
| **INDIA — 2.6%** | **INDIA — 2.6%** | **INDIA — 2.6%** |
| &nbsp;&nbsp;&nbsp;**Financials — 2.6%** | &nbsp;&nbsp;&nbsp;**Financials — 2.6%** | &nbsp;&nbsp;&nbsp;**Financials — 2.6%** |
| &nbsp;&nbsp;&nbsp;ICICI Bank  | 40290 | 611687 |
| **IRELAND — 3.6%** | **IRELAND — 3.6%** | **IRELAND — 3.6%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.4%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.4%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.4%** |
| &nbsp;&nbsp;&nbsp;Flutter Entertainment \* | 1312 | 341256 |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.2%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.2%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.2%** |
| &nbsp;&nbsp;&nbsp;Experian  | 10292 | 515188 |
|  |  | 856444 |
| **JAPAN — 4.9%** | **JAPAN — 4.9%** | **JAPAN — 4.9%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.3%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.3%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.3%** |
| &nbsp;&nbsp;&nbsp;Capcom  | 11500 | 312841 |
| &nbsp;&nbsp;&nbsp;**Health Care — 2.4%** | &nbsp;&nbsp;&nbsp;**Health Care — 2.4%** | &nbsp;&nbsp;&nbsp;**Health Care — 2.4%** |
| &nbsp;&nbsp;&nbsp;Hoya  | 4000 | 553809 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.2%** |
| &nbsp;&nbsp;&nbsp;Obic  | 7800 | 271841 |
|  |  | 1138491 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | **COMMON STOCK — continued** | **COMMON STOCK — continued** |
|  | Shares | Value |
| **NETHERLANDS — 1.9%** | **NETHERLANDS — 1.9%** | **NETHERLANDS — 1.9%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.9%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.9%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.9%** |
| &nbsp;&nbsp;&nbsp;Universal Music Group  | 15418 | $444574 |
| **TAIWAN — 6.2%** | **TAIWAN — 6.2%** | **TAIWAN — 6.2%** |
| &nbsp;&nbsp;&nbsp;**Information Technology — 6.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 6.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 6.2%** |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR  | 5164 | 1442254 |
| **UNITED KINGDOM — 3.5%** | **UNITED KINGDOM — 3.5%** | **UNITED KINGDOM — 3.5%** |
| &nbsp;&nbsp;&nbsp;**Financials — 1.4%** | &nbsp;&nbsp;&nbsp;**Financials — 1.4%** | &nbsp;&nbsp;&nbsp;**Financials — 1.4%** |
| &nbsp;&nbsp;&nbsp;London Stock Exchange Group  | 2768 | 317024 |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.1%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.1%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.1%** |
| &nbsp;&nbsp;&nbsp;RELX  | 10347 | 494980 |
|  |  | 812004 |
| **UNITED STATES — 55.0%** | **UNITED STATES — 55.0%** | **UNITED STATES — 55.0%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 8.7%** | &nbsp;&nbsp;&nbsp;**Communication Services — 8.7%** | &nbsp;&nbsp;&nbsp;**Communication Services — 8.7%** |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C  | 5143 | 1252578 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A  | 1066 | 782849 |
|  |  | 2035427 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 8.1%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 8.1%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 8.1%** |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 3855 | 846442 |
| &nbsp;&nbsp;&nbsp;AutoZone \* | 120 | 514829 |
| &nbsp;&nbsp;&nbsp;Booking Holdings  | 101 | 545326 |
|  |  | 1906597 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 5.2%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 5.2%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 5.2%** |
| &nbsp;&nbsp;&nbsp;Casey's General Stores  | 918 | 518964 |
| &nbsp;&nbsp;&nbsp;Coca-Cola  | 10576 | 701400 |
|  |  | 1220364 |
| &nbsp;&nbsp;&nbsp;**Financials — 4.5%** | &nbsp;&nbsp;&nbsp;**Financials — 4.5%** | &nbsp;&nbsp;&nbsp;**Financials — 4.5%** |
| &nbsp;&nbsp;&nbsp;Aon, Cl A  | 873 | 311294 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A  | 857 | 231553 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A  | 879 | 499984 |
|  |  | 1042831 |
| &nbsp;&nbsp;&nbsp;**Health Care — 3.7%** | &nbsp;&nbsp;&nbsp;**Health Care — 3.7%** | &nbsp;&nbsp;&nbsp;**Health Care — 3.7%** |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories  | 3794 | 508169 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 3629 | 354299 |
|  |  | 862468 |
| &nbsp;&nbsp;&nbsp;**Industrials — 7.0%** | &nbsp;&nbsp;&nbsp;**Industrials — 7.0%** | &nbsp;&nbsp;&nbsp;**Industrials — 7.0%** |
| &nbsp;&nbsp;&nbsp;Ferguson Enterprises  | 2158 | 484643 |
| &nbsp;&nbsp;&nbsp;RB Global  | 6977 | 756028 |
| &nbsp;&nbsp;&nbsp;Waste Management  | 1807 | 399040 |
|  |  | 1639711 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 13.0%** | &nbsp;&nbsp;&nbsp;**Information Technology — 13.0%** | &nbsp;&nbsp;&nbsp;**Information Technology — 13.0%** |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A  | 4475 | 553781 |
| &nbsp;&nbsp;&nbsp;Broadcom  | 1981 | 653552 |
| &nbsp;&nbsp;&nbsp;Intuit  | 608 | 415209 |
| &nbsp;&nbsp;&nbsp;Microsoft  | 2749 | 1423845 |
|  |  | 3046387 |
| &nbsp;&nbsp;&nbsp;**Materials — 4.8%** | &nbsp;&nbsp;&nbsp;**Materials — 4.8%** | &nbsp;&nbsp;&nbsp;**Materials — 4.8%** |
| &nbsp;&nbsp;&nbsp;Ecolab  | 1700 | 465562 |

---

*3*

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL**<br> **GLOBAL EQUITY FUND**<br> **SEPTEMBER 30, 2025**<br> **(Unaudited)**  |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | **COMMON STOCK — continued** | **COMMON STOCK — continued** |
|  | Shares | Value |
| **UNITED STATES — continued** | **UNITED STATES — continued** | **UNITED STATES — continued** |
| &nbsp;&nbsp;&nbsp;Vulcan Materials  | 2143 | $659230 |
|  |  | 1124792 |
|  |  | 12878577 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $18,944,318)  |  | 22336306 |
| TOTAL INVESTMENTS — 95.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $18,944,318) |  | $22336306 |

---

---

| | |
|:---|:---|
|  | *Percentages are based on Net Assets of $23,409,240.* |
| *\** | *Non-income producing security.* |

---

*4*

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL**<br>**SEPTEMBER 30, 2025**<br> **(Unaudited)**  |

---

GLOSSARY: (abbreviations which may be used in the preceding Schedules of Investments)

*ADR — American Depositary Receipt* <br> *Cl — Class*

VON-HQ-001-0300

*5*

## 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:** Vontobel International Equity Fund

- **b. EDGAR series identifier (if any):** S000084631

- **c. LEI of Series:** 5299008JKH4FA8XEOJ76

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $136859060.28

**Total Liabilities:** $9929941.57

**Net Assets:** $126929118.71

**Cash Not Reported:** $5198.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249063 | 0.09%                | 0.52%                | -5.19%               |
| Class ID C000249064 | 0.09%                | 0.52%                | -5.28%               |
| Class ID C000249065 | 0.00%                | 0.61%                | -5.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $819927.73               | $-795527.90                                |
| Month 2  | $305929.94               | $355367.62                                 |
| Month 3  | $1981269.73              | $-10114923.67                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HERMES INTERNATIONAL S.C.A.                                                                 | HERMES INTERNATIONAL COMMON STOCK               | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               |  | FR        |       600 | NS      | $1467331.96   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PUBLIC LIMITED COMPANY                                                                | HALMA PLC COMMON STOCK                          | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               |  | GB        |     72451 | NS      | $3361656.24   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | BROWN BROTHERS HARRIMAN SWEEP INTEREST          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   6076113 | PA      | $6076113.18   | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                                     | ROYAL BANK OF CANADA COMMON STOCK               | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               |  | CA        |     25749 | NS      | $3795095.84   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                                                        | FX Forward Contract: EUR/USD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $272.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Limited                                                                    | TENCENT HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |     71832 | NS      | $6119882.03   | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Games Workshop Group PLC                                                                    | GAMES WORKSHOP GROUP PLC COMMON STOCK           | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               |  | GB        |      8516 | NS      | $1664144.71   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Corporation financiere                                                               | INTACT FINANCIAL CORP COMMON STOCK              | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               |  | CA        |      5330 | NS      | $1037008.05   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V.                                                                  | UNIVERSAL MUSIC GROUP NV COMMON STOCK           | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               |  | NL        |     85212 | NS      | $2457066.89   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB (publ)                                                                             | LIFCO AB-B SHS COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300RTLL4VDQRCTW41       | Long             | EC               |  | SE        |     53514 | NS      | $1806461.29   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/GBP SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1541.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TERNA - RETE ELETTRICA NAZIONALE SOCIETA PER AZIONI                                         | TERNA-RETE ELETTRICA NAZIONA COMMON STOCK       | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               |  | IT        |    250535 | NS      | $2540794.05   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                                       | SCHNEIDER ELECTRIC SE COMMON STOCK              | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               |  | FR        |     10005 | NS      | $2790945.70   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group Ltd                                                                          | GALDERMA GROUP AG COMMON STOCK                  | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               |  | CH        |     30539 | NS      | $5305626.15   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                                                               | FUJIKURA LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               |  | JP        |     33193 | NS      | $3244445.45   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LIMITED                                                                          | ICICI BANK LTD COMMON STOCK                     | CUSIP: Y3860Z132<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               |  | IN        |     62741 | NS      | $952540.36    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA EUROPACIFIC PARTNERS PLC                                                          | COCA-COLA EUROPACIFIC PARTNERS PLC COMMON STOCK | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               |  | US        |     12635 | NS      | $1142330.35   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                                                                           | NATIONAL GRID PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               |  | GB        |    104377 | NS      | $1498519.91   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DINO POLSKA SPOLKA AKCYJNA                                                                  | DINO POLSKA SA COMMON STOCK                     | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               |  | PL        |     19936 | NS      | $239968.08    | 0.19%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MonotaRO Co Ltd                                                                             | MONOTARO CO LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     67628 | NS      | $985941.56    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                                                               | RB GLOBAL INC COMMON STOCK                      | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               |  | US        |     43878 | NS      | $4754620.08   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                                                      | SAP SE COMMON STOCK                             | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               |  | DE        |      6787 | NS      | $1815975.70   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                                                        | FX Forward Contract: EUR/USD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $226.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse Aktiengesellschaft                                                          | DEUTSCHE BOERSE AG COMMON STOCK                 | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               |  | DE        |      5696 | NS      | $1525397.83   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGRAND SA                                                                                  | LEGRAND SA COMMON STOCK                         | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               |  | FR        |     24669 | NS      | $4072158.97   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/EUR SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-271.74      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                                                        | FX Forward Contract: EUR/USD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $263.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                                                      | CHOCOLADEFABRIKEN LINDT-PC COMMON STOCK         | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               |  | CH        |        67 | NS      | $1023453.30   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/CAD SETTLE 2025-10-02  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-8.90        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/CHF SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1035.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/PLN SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1116.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/SEK SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-383.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OBIC Co.,Ltd.                                                                               | OBIC CO LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     83371 | NS      | $2905596.47   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                                                                   | CTS EVENTIM AG & CO KGAA COMMON STOCK           | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               |  | DE        |      6456 | NS      | $632146.05    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                            | PHILIP MORRIS INTERNATIONAL COMMON STOCK        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |     11015 | NS      | $1786633.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER ENTERTAINMENT PUBLIC LIMITED COMPANY                                                | FLUTTER ENTERTAINMENT PLC-DI COMMON STOCK       | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               |  | GB        |     14542 | NS      | $3782425.93   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG DOLLAR                                                                            | FX Forward Contract: HKD/USD SETTLE 2025-10-02  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | HK        |         1 | NC      | $-190.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                                                              | RHEINMETALL AG COMMON STOCK                     | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               |  | DE        |      1733 | NS      | $4037732.32   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                                                        | FX Forward Contract: EUR/USD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $281.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijer Ref AB (publ)                                                                        | BEIJER REF AB COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300PZZEUVH08H4G75       | Long             | EC               |  | SE        |    197415 | NS      | $3075173.11   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/CAD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-414.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                                                          | MERCADOLIBRE INC COMMON STOCK                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |      1015 | NS      | $2371994.10   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                                                                | EXPERIAN PLC COMMON STOCK                       | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               |  | GB        |     60317 | NS      | $3019297.61   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                                                    | MASTERCARD INC - A COMMON STOCK                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |      5497 | NS      | $3126748.57   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                                                           | NATWEST GROUP PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               |  | GB        |    494345 | NS      | $3467828.01   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH STERLING POUND                                                                      | FX Forward Contract: GBP/USD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | GB        |         1 | NC      | $862.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                                                             | LONDON STOCK EXCHANGE GROUP COMMON STOCK        | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               |  | GB        |     16220 | NS      | $1857703.18   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO., LTD.                                                                            | CAPCOM CO LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               |  | JP        |     58746 | NS      | $1598100.94   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL PUBLIC LIMITED COMPANY                                                           | PRUDENTIAL PLC COMMON STOCK                     | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               |  | GB        |    322001 | NS      | $4508143.92   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer N.V.                                                                         | WOLTERS KLUWER COMMON STOCK                     | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               |  | NL        |     13965 | NS      | $1904355.44   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA | AIR LIQUIDE SA COMMON STOCK                     | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               |  | FR        |      9756 | NS      | $2025765.96   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY                                                                  | AON PLC-CLASS A COMMON STOCK                    | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               |  | US        |      5941 | NS      | $2118441.78   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                                                                 | CONSTELLATION SOFTWARE INC COMMON STOCK         | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               |  | CA        |       705 | NS      | $1913829.06   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                                                                                | FERRARI NV COMMON STOCK                         | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               |  | IT        |      5608 | NS      | $2710012.09   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| L'OREAL SA                                                                                  | L'OREAL COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               |  | FR        |      6887 | NS      | $2979582.62   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute, Ltd.                                                             | NOMURA RESEARCH INSTITUTE LT COMMON STOCK       | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               |  | JP        |     67498 | NS      | $2589283.25   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                                                | TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               |  | US        |     18970 | NS      | $5298131.30   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                                                                   | SAFRAN SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               |  | FR        |     12728 | NS      | $4484499.91   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN                                                                                | FX Forward Contract: JPY/USD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | JP        |         1 | NC      | $2672.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| U.S. DOLLARS                                                                                | FX Forward Contract: USD/JPY SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1730.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NONGFU SPRING CO., LTD.                                                                     | NONGFU SPRING CO LTD-H COMMON STOCK             | CUSIP: N/A<br>LEI: 300300P08GGT4SKR9G93       | Long             | EC               |  | HK        |    541400 | NS      | $3749890.45   | 2.95%             |  |  |  | Yes           |                  1 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                                                 | RELX PLC COMMON STOCK                           | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               |  | GB        |     38646 | NS      | $1848750.21   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN                                                                                | FX Forward Contract: JPY/USD SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | JP        |         1 | NC      | $1985.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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