# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-25-002704
**Filing Date:** 2025-11
**Character Count:** 34129
**Document Hash:** 6646098dd1ec678232d8ab9e9481e8c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002704.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0002048251-25-002704

**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:** 251532803

**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 Active ETF (Series ID: S000092345)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000260308 | Vontobel International Equity Active ETF | VNIE            |

## Nport-Ex

---

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

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS**  | **SCHEDULE OF INVESTMENTS**  | **SCHEDULE OF INVESTMENTS**  |
| **COMMON STOCK — 99.2%<sup>#</sup>** | **COMMON STOCK — 99.2%<sup>#</sup>** | **COMMON STOCK — 99.2%<sup>#</sup>** |
|  | Shares | Value |
| **BRAZIL — 1.7%** | **BRAZIL — 1.7%** | **BRAZIL — 1.7%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** |
| &nbsp;&nbsp;&nbsp;MercadoLibre \* | 74 | $172934 |
| **CANADA — 5.6%** | **CANADA — 5.6%** | **CANADA — 5.6%** |
| &nbsp;&nbsp;&nbsp;**Financials — 4.4%** | &nbsp;&nbsp;&nbsp;**Financials — 4.4%** | &nbsp;&nbsp;&nbsp;**Financials — 4.4%** |
| &nbsp;&nbsp;&nbsp;Intact Financial  | 711 | 138362 |
| &nbsp;&nbsp;&nbsp;Royal Bank of Canada  | 2066 | 304570 |
|  |  | 442932 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.2%** |
| &nbsp;&nbsp;&nbsp;Constellation Software  | 45 | 122186 |
|  |  | 565118 |
| **CHINA — 7.5%** | **CHINA — 7.5%** | **CHINA — 7.5%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 4.9%** | &nbsp;&nbsp;&nbsp;**Communication Services — 4.9%** | &nbsp;&nbsp;&nbsp;**Communication Services — 4.9%** |
| &nbsp;&nbsp;&nbsp;Tencent Holdings  | 5768 | 491515 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.6%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.6%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.6%** |
| &nbsp;&nbsp;&nbsp;Nongfu Spring, Cl H  | 38400 | 266022 |
|  |  | 757537 |
| **FRANCE — 13.8%** | **FRANCE — 13.8%** | **FRANCE — 13.8%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.0%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.0%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.0%** |
| &nbsp;&nbsp;&nbsp;Hermes International  | 42 | 102797 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.4%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.4%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 2.4%** |
| &nbsp;&nbsp;&nbsp;L'Oreal  | 556 | 240742 |
| &nbsp;&nbsp;&nbsp;**Industrials — 9.1%** | &nbsp;&nbsp;&nbsp;**Industrials — 9.1%** | &nbsp;&nbsp;&nbsp;**Industrials — 9.1%** |
| &nbsp;&nbsp;&nbsp;Legrand  | 2203 | 363948 |
| &nbsp;&nbsp;&nbsp;Safran  | 1064 | 375187 |
| &nbsp;&nbsp;&nbsp;Schneider Electric  | 675 | 188447 |
|  |  | 927582 |
| &nbsp;&nbsp;&nbsp;**Materials — 1.3%** | &nbsp;&nbsp;&nbsp;**Materials — 1.3%** | &nbsp;&nbsp;&nbsp;**Materials — 1.3%** |
| &nbsp;&nbsp;&nbsp;Air Liquide  | 619 | 128635 |
|  |  | 1399756 |
| **GERMANY — 7.2%** | **GERMANY — 7.2%** | **GERMANY — 7.2%** |
| &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  | 517 | 50664 |
| &nbsp;&nbsp;&nbsp;**Financials — 1.2%** | &nbsp;&nbsp;&nbsp;**Financials — 1.2%** | &nbsp;&nbsp;&nbsp;**Financials — 1.2%** |
| &nbsp;&nbsp;&nbsp;Deutsche Boerse  | 457 | 122485 |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.7%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.7%** | &nbsp;&nbsp;&nbsp;**Industrials — 3.7%** |
| &nbsp;&nbsp;&nbsp;Rheinmetall  | 161 | 375419 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.8%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.8%** | &nbsp;&nbsp;&nbsp;**Information Technology — 1.8%** |
| &nbsp;&nbsp;&nbsp;SAP  | 675 | 180754 |
|  |  | 729322 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | **COMMON STOCK — continued** | **COMMON STOCK — continued** |
|  | Shares | Value |
| **HONG KONG — 3.7%** | **HONG KONG — 3.7%** | **HONG KONG — 3.7%** |
| &nbsp;&nbsp;&nbsp;**Financials — 3.7%** | &nbsp;&nbsp;&nbsp;**Financials — 3.7%** | &nbsp;&nbsp;&nbsp;**Financials — 3.7%** |
| &nbsp;&nbsp;&nbsp;Prudential  | 26442 | $370572 |
| **INDIA — 0.8%** | **INDIA — 0.8%** | **INDIA — 0.8%** |
| &nbsp;&nbsp;&nbsp;**Financials — 0.8%** | &nbsp;&nbsp;&nbsp;**Financials — 0.8%** | &nbsp;&nbsp;&nbsp;**Financials — 0.8%** |
| &nbsp;&nbsp;&nbsp;ICICI Bank ADR  | 2544 | 76905 |
| **IRELAND — 3.9%** | **IRELAND — 3.9%** | **IRELAND — 3.9%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.4%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.4%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.4%** |
| &nbsp;&nbsp;&nbsp;Flutter Entertainment \* | 927 | 241360 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** |
| &nbsp;&nbsp;&nbsp;Experian  | 2964 | 148519 |
|  |  | 389879 |
| **ITALY — 3.8%** | **ITALY — 3.8%** | **ITALY — 3.8%** |
| &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  | 453 | 219085 |
| &nbsp;&nbsp;&nbsp;**Utilities — 1.7%** | &nbsp;&nbsp;&nbsp;**Utilities — 1.7%** | &nbsp;&nbsp;&nbsp;**Utilities — 1.7%** |
| &nbsp;&nbsp;&nbsp;Terna - Rete Elettrica Nazionale  | 16632 | 168810 |
|  |  | 387895 |
| **JAPAN — 7.8%** | **JAPAN — 7.8%** | **JAPAN — 7.8%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.4%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.4%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.4%** |
| &nbsp;&nbsp;&nbsp;Capcom  | 5300 | 144374 |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.3%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.3%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.3%** |
| &nbsp;&nbsp;&nbsp;Fujikura  | 1800 | 176179 |
| &nbsp;&nbsp;&nbsp;MonotaRO  | 3787 | 55285 |
|  |  | 231464 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 4.1%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.1%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.1%** |
| &nbsp;&nbsp;&nbsp;Nomura Research Institute  | 5285 | 203012 |
| &nbsp;&nbsp;&nbsp;Obic  | 6099 | 212847 |
|  |  | 415859 |
|  |  | 791697 |
| **NETHERLANDS — 4.9%** | **NETHERLANDS — 4.9%** | **NETHERLANDS — 4.9%** |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.8%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.8%** | &nbsp;&nbsp;&nbsp;**Communication Services — 1.8%** |
| &nbsp;&nbsp;&nbsp;Universal Music Group  | 6249 | 180334 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.6%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.6%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.6%** |
| &nbsp;&nbsp;&nbsp;Coca-Cola Europacific Partners  | 1819 | 164456 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** |
| &nbsp;&nbsp;&nbsp;Wolters Kluwer  | 1134 | 154765 |
|  |  | 499555 |
| **SWEDEN — 2.9%** | **SWEDEN — 2.9%** | **SWEDEN — 2.9%** |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.9%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.9%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.9%** |
| &nbsp;&nbsp;&nbsp;Beijer Ref, Cl B  | 12733 | 198540 |
| &nbsp;&nbsp;&nbsp;Lifco, Cl B  | 2851 | 96336 |
|  |  | 294876 |

---

*1*

---

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

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | **COMMON STOCK — continued** | **COMMON STOCK — continued** |
|  | Shares | Value |
| **SWITZERLAND — 8.8%** | **SWITZERLAND — 8.8%** | **SWITZERLAND — 8.8%** |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.4%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.4%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.4%** |
| &nbsp;&nbsp;&nbsp;Chocoladefabriken Lindt & Spruengli  | 9 | $137548 |
| &nbsp;&nbsp;&nbsp;**Health Care — 5.0%** | &nbsp;&nbsp;&nbsp;**Health Care — 5.0%** | &nbsp;&nbsp;&nbsp;**Health Care — 5.0%** |
| &nbsp;&nbsp;&nbsp;Galderma Group  | 2929 | 509119 |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.4%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.4%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.4%** |
| &nbsp;&nbsp;&nbsp;Schindler Holding  | 636 | 240763 |
|  |  | 887430 |
| **TAIWAN — 5.0%** | **TAIWAN — 5.0%** | **TAIWAN — 5.0%** |
| &nbsp;&nbsp;&nbsp;**Information Technology — 5.0%** | &nbsp;&nbsp;&nbsp;**Information Technology — 5.0%** | &nbsp;&nbsp;&nbsp;**Information Technology — 5.0%** |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR  | 1823 | 509146 |
| **UNITED KINGDOM — 13.6%** | **UNITED KINGDOM — 13.6%** | **UNITED KINGDOM — 13.6%** |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.7%** |
| &nbsp;&nbsp;&nbsp;Games Workshop Group  | 860 | 168226 |
| &nbsp;&nbsp;&nbsp;**Financials — 4.7%** | &nbsp;&nbsp;&nbsp;**Financials — 4.7%** | &nbsp;&nbsp;&nbsp;**Financials — 4.7%** |
| &nbsp;&nbsp;&nbsp;London Stock Exchange Group  | 1677 | 192263 |
| &nbsp;&nbsp;&nbsp;NatWest Group  | 39687 | 278685 |
|  |  | 470948 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** | &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** |
| &nbsp;&nbsp;&nbsp;RELX  | 3097 | 148304 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 4.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.2%** | &nbsp;&nbsp;&nbsp;**Information Technology — 4.2%** |
| &nbsp;&nbsp;&nbsp;Halma  | 9215 | 427999 |
| &nbsp;&nbsp;&nbsp;**Utilities — 1.5%** | &nbsp;&nbsp;&nbsp;**Utilities — 1.5%** | &nbsp;&nbsp;&nbsp;**Utilities — 1.5%** |
| &nbsp;&nbsp;&nbsp;National Grid  | 10920 | 156935 |
|  |  | 1372412 |
| **UNITED STATES — 8.2%** | **UNITED STATES — 8.2%** | **UNITED STATES — 8.2%** |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.8%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.8%** | &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.8%** |
| &nbsp;&nbsp;&nbsp;Philip Morris International  | 1105 | 179231 |
| &nbsp;&nbsp;&nbsp;**Financials — 3.6%** | &nbsp;&nbsp;&nbsp;**Financials — 3.6%** | &nbsp;&nbsp;&nbsp;**Financials — 3.6%** |
| &nbsp;&nbsp;&nbsp;Aon, Cl A  | 478 | 170445 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A  | 334 | 189983 |
|  |  | 360428 |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.8%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.8%** | &nbsp;&nbsp;&nbsp;**Industrials — 2.8%** |
| &nbsp;&nbsp;&nbsp;RB Global  | 2629 | 284878 |
|  |  | 824537 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $9,877,391)  |  | 10029571 |
| TOTAL INVESTMENTS — 99.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $9,877,391) |  | $10029571 |

---

---

| | |
|:---|:---|
|  | *Percentages are based on Net Assets of $10,111,835.* |
| *\** | *Non-income producing security.* |

---

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

VON-HQ-004-0100

*2*

## 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 Active ETF

- **b. EDGAR series identifier (if any):** S000092345

- **c. LEI of Series:** 529900EJ9FRF174PRD27

**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:** $10452601.26

**Total Liabilities:** $340727.37

**Net Assets:** $10111873.89

**Cash Not Reported:** $53332.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260308 | 0.60%                | 0.08%                | -4.42%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-122219.71              | $181402.51                                 |
| Month 2  | $-111245.04              | $110588.68                                 |
| Month 3  | $-95077.62               | $-408867.04                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lifco AB (publ)                                                                             | LIFCO AB-B SHS COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300RTLL4VDQRCTW41       | Long             | EC               |  | SE        |      2851 | NS      | $96335.80     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| NONGFU SPRING CO., LTD.                                                                     | NONGFU SPRING CO LTD-H COMMON STOCK             | CUSIP: N/A<br>LEI: 300300P08GGT4SKR9G93       | Long             | EC               |  | HK        |     38400 | NS      | $266022.31    | 2.63%             |  |  |  | Yes           |                  1 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                                                 | RELX PLC COMMON STOCK                           | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               |  | GB        |      3097 | NS      | $148304.11    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PUBLIC LIMITED COMPANY                                                                | HALMA PLC COMMON STOCK                          | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               |  | GB        |      9215 | NS      | $427998.79    | 4.23%             |  |  |  | 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        |       619 | NS      | $128635.28    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                                                    | MASTERCARD INC - A COMMON STOCK                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |       334 | NS      | $189982.54    | 1.88%             |  |  |  | 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        |      1819 | NS      | $164455.79    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                                                                 | HERMES INTERNATIONAL COMMON STOCK               | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               |  | FR        |        42 | NS      | $102796.51    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                                                                                | FERRARI NV COMMON STOCK                         | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               |  | IT        |       453 | NS      | $219085.38    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGRAND SA                                                                                  | LEGRAND SA COMMON STOCK                         | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               |  | FR        |      2203 | NS      | $363948.25    | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute, Ltd.                                                             | NOMURA RESEARCH INSTITUTE LT COMMON STOCK       | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               |  | JP        |      5285 | NS      | $203011.85    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL PUBLIC LIMITED COMPANY                                                           | PRUDENTIAL PLC COMMON STOCK                     | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               |  | GB        |     26442 | NS      | $370572.46    | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                                                                 | CONSTELLATION SOFTWARE INC COMMON STOCK         | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               |  | CA        |        45 | NS      | $122185.64    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO., LTD.                                                                            | CAPCOM CO LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               |  | JP        |      5300 | NS      | $144374.17    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LIMITED                                                                          | ICICI BANK LTD-SPON ADR DEPOSITARY RECEIPT      | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               |  | US        |      2544 | NS      | $76905.12     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/JPY SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-172.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY                                                                  | AON PLC-CLASS A COMMON STOCK                    | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               |  | US        |       478 | NS      | $170445.24    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                                                               | RB GLOBAL INC COMMON STOCK                      | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               |  | US        |      2629 | NS      | $284878.44    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Co.,Ltd.                                                                               | OBIC CO LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      6099 | NS      | $212846.57    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Games Workshop Group PLC                                                                    | GAMES WORKSHOP GROUP PLC COMMON STOCK           | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               |  | GB        |       860 | NS      | $168225.63    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                                                              | RHEINMETALL AG COMMON STOCK                     | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               |  | DE        |       161 | NS      | $375419.48    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Limited                                                                    | TENCENT HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |      5768 | NS      | $491515.09    | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| L'OREAL SA                                                                                  | L'OREAL COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               |  | FR        |       556 | NS      | $240742.13    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                                                      | SAP SE COMMON STOCK                             | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               |  | DE        |       675 | NS      | $180754.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                                                                        | SCHINDLER HOLDING-PART CERT COMMON STOCK        | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               |  | CH        |       636 | NS      | $240763.15    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/SEK SETTLE 2025-10-01  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-157.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                                           | NATWEST GROUP PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               |  | GB        |     39687 | NS      | $278685.23    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                                                             | LONDON STOCK EXCHANGE GROUP COMMON STOCK        | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               |  | GB        |      1677 | NS      | $192263.49    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                                                               | FUJIKURA LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               |  | JP        |      1800 | NS      | $176179.03    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                                       | SCHNEIDER ELECTRIC SE COMMON STOCK              | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               |  | FR        |       675 | NS      | $188447.35    | 1.86%             |  |  |  | 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        |       927 | NS      | $241359.45    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                                                                   | SAFRAN SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               |  | FR        |      1064 | NS      | $375186.71    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Corporation financiere                                                               | INTACT FINANCIAL CORP COMMON STOCK              | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               |  | CA        |       711 | NS      | $138362.42    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                                                                           | NATIONAL GRID PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               |  | GB        |     10920 | NS      | $156934.57    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                            | PHILIP MORRIS INTERNATIONAL COMMON STOCK        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |      1105 | NS      | $179231.00    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                                                      | CHOCOLADEFABRIKEN LINDT-PC COMMON STOCK         | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               |  | CH        |         9 | NS      | $137547.92    | 1.36%             |  |  |  | No            |                  1 | 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        |     16632 | NS      | $168809.74    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/CAD SETTLE 2025-10-02  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-1.27        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group N.V.                                                                  | UNIVERSAL MUSIC GROUP NV COMMON STOCK           | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               |  | NL        |      6249 | NS      | $180334.45    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                                                | TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               |  | US        |      1823 | NS      | $509145.67    | 5.04%             |  |  |  | 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      | $162.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer N.V.                                                                         | WOLTERS KLUWER COMMON STOCK                     | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               |  | NL        |      1134 | NS      | $154764.76    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse Aktiengesellschaft                                                          | DEUTSCHE BOERSE AG COMMON STOCK                 | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               |  | DE        |       457 | NS      | $122484.55    | 1.21%             |  |  |  | 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      | $262.89       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MonotaRO Co Ltd                                                                             | MONOTARO CO LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      3787 | NS      | $55285.05     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group Ltd                                                                          | GALDERMA GROUP AG COMMON STOCK                  | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               |  | CH        |      2929 | NS      | $509119.21    | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB (publ)                                                                        | BEIJER REF AB COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300PZZEUVH08H4G75       | Long             | EC               |  | SE        |     12733 | NS      | $198540.63    | 1.96%             |  |  |  | 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      | $94.94        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                                                          | MERCADOLIBRE INC COMMON STOCK                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |        74 | NS      | $172933.56    | 1.71%             |  |  |  | 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        |       517 | NS      | $50663.64     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                                     | ROYAL BANK OF CANADA COMMON STOCK               | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               |  | CA        |      2066 | NS      | $304569.44    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                                                                | EXPERIAN PLC COMMON STOCK                       | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               |  | GB        |      2964 | NS      | $148519.22    | 1.47%             |  |  |  | No            |                  1 | 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