# EDGAR Filing Document

**Accession Number:** 0001576367
**File Stem:** 0001576367-25-000015
**Filing Date:** 2025-8
**Character Count:** 33617
**Document Hash:** 4760af5bb8a48ce9e64bc0f894b8532f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001576367-25-000015.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001576367-25-000015

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS II
- **CENTRAL INDEX KEY:** 0001576367

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22842
- **FILM NUMBER:** 251216598

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA, SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 207-347-2000

**MAIL ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA, SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

## Series and Classes Contracts Data

### Baywood SociallyResponsible Fund (Series ID: S000051874)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000163318 | Institutional Shares | BVSIX           |

## Nport-Ex

BAYWOOD

VALUE

PLUS

FUND

SCHEDULE

OF

INVESTMENTS

(Unaudited)

June

30,

2025

The

following

is

a

summary

of

the

inputs

used

to

value

the

Fund's instruments

as

of

June

30,

2025. The

Fund

has

a

three-tier

fair

value

hierarchy.

The

basis

of

the

tiers

is

dependent

upon

the

various

"inputs"

used

to

determine

the

value

of

the

Fund's

investments.

These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

–

quoted

prices

in

active

markets

for

identical

assets

Level

–

Prices

determined

using

significant

other

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.).

Short-term

securities

with

maturities

of

sixty

days

or

less

are

valued

at

amortized

cost,

which

approximates

market

value,

and

are

categorized

as

Level

in

the

hierarchy.

Municipal

securities,

long-term

U.S.

government

obligations

and

corporate

debt

securities

are

valued

in

accordance

with

the

evaluated

price

supplied

by

the

pricing

service

and

generally

categorized

as

Level

in

the

hierarchy.

Other

securities

that

are

categorized

as

Level

in

the

hierarchy

include,

but

are

not

limited

to,

warrants

that

do

not

trade

on

an

exchange,

securities

valued

at

the

mean

between

the

last

reported

bid

and

ask

quotation

and

international

equity

securities

valued

by

an

independent

third

party

with

adjustments

for

changes

in

value

between

the

time

of

the

securities

respective

local

market

closes

and

the

close

of

the

U.S.

market.

Level

–

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

Shares

Security

Description

Value

Common

Stock

-

96.1%

Basic

Materials

-

3.1%

Air

Products

and

Chemicals,

Inc.

$

98,721

Packaging

Corp.

of

America

65,957

164,678

Capital

Goods

/

Industrials

-

10.0%

900

3M

Co.

137,016

L3Harris

Technologies,

Inc.

100,336

Parker-Hannifin

Corp.

55,878

1,600

RTX

Corp.

233,632

526,862

Communication

Services

-

4.4%

5,400

AT&T,

Inc.

156,276

2,100

Comcast

Corp.,

Class A

74,949

231,225

Consumer

Discretionary

-

7.8%

Darden

Restaurants,

Inc.

98,087

Genuine

Parts

Co.

48,524

1,200

Hasbro,

Inc.

88,584

1,800

Kontoor

Brands,

Inc.

118,746

800

NIKE,

Inc.,

Class B

56,832

410,773

Consumer

Staples

-

8.7%

770

Diageo

PLC,

ADR

77,647

650

Ingredion,

Inc.

88,153

5,600

Kenvue,

Inc.

117,208

1,110

Molson

Coors

Beverage

Co.,

Class B

53,380

PepsiCo.,

Inc.

39,612

500

The

Hershey

Co.

82,975

458,975

Energy

-

8.6%

700

Chevron

Corp.

100,233

1,350

ConocoPhillips

121,149

5,400

Kinder

Morgan,

Inc.

158,760

650

Phillips

77,545

457,687

Financials

-

20.4%

850

Air

Lease

Corp.

49,717

1,100

American

International

Group,

Inc.

94,149

1,100

Brookfield

Asset

Management,

Ltd.,

Class

A

60,808

1,200

Citigroup,

Inc.

102,144

560

CME

Group,

Inc.

154,347

4,300

Corebridge

Financial,

Inc.

152,650

1,200

MetLife,

Inc.

96,504

3,000

Radian

Group,

Inc.

108,060

2,100

Truist

Financial

Corp.

90,279

1,500

U.S.

Bancorp

67,875

1,300

Wells

Fargo

&

Co.

104,156

1,080,689

Health

Care

-

13.8%

Amgen,

Inc.

80,971

Cardinal

Health,

Inc.

67,200

7,600

DENTSPLY

SIRONA,

Inc.

120,688

2,748

Koninklijke

Philips

NV,

ADR

65,886

2,250

Medtronic

PLC

196,132

1,300

Merck

&

Co.,

Inc.

102,908

4,000

Pfizer,

Inc.

96,960

730,745

Real

Estate

-

6.0%

6,500

Healthcare

Realty

Trust,

Inc.

REIT

103,090

1,104

Realty

Income

Corp.

REIT

63,601

2,600

VICI

Properties,

Inc.

REIT

84,760

2,600

Weyerhaeuser

Co.

REIT

66,794

318,245

Shares

Security

Description

Value

Technology

-

8.8%

1,200

Cisco

Systems,

Inc.

$

83,256

510

International

Business

Machines

Corp.

150,338

800

NetApp,

Inc.

85,240

NXP

Semiconductors

NV

87,396

Texas

Instruments,

Inc.

62,286

468,516

Transportation

-

0.9%

Union

Pacific

Corp.

46,016

Utilities

-

3.6%

800

American

Electric

Power

Co.,

Inc.

83,008

1,200

Pinnacle

West

Capital

Corp.

107,364

190,372

Total

Common

Stock

(Cost

$3,813,870)

5,084,783

Shares

Security

Description

Value

Money

Market

Fund

-

3.7%

193,922

First

American

Government

Obligations

Fund,

Class X,

4.26%

(a) (Cost

$193,922)

193,922

Investments,

at

value

-

99.8%

(Cost

$4,007,792)

$

5,278,705

Other

Assets

&

Liabilities,

Net

-

0.2%

11,593

Net

Assets

-

100.0%

$

5,290,298

ADR

American

Depositary

Receipt

PLC

Public

Limited

Company

REIT

Real

Estate

Investment

Trust

(a) Dividend

yield

changes

daily

to

reflect

current

market

conditions.

Rate

was

the

quoted

yield

as

of

June

30,

2025. BAYWOOD

VALUE

PLUS

FUND

SCHEDULE

OF

INVESTMENTS

(Unaudited)

June

30,

2025

The

Level

value

displayed

in

this

table

is

Common

Stock

and

a

Money

Market

Fund.

Refer

to

this

Schedule

of

Investments

for

a

further

breakout

of

each

security

by

industry.

THE

PORTFOLIO

OF

INVESTMENTS

SHOULD

BE

READ

IN

CONJUNCTION

WITH

THE

FINANCIAL

STATEMENTS

AND

NOTES

TO

FINANCIAL

STATEMENTS

WHICH

ARE

INCLUDED

IN

THE

FUND'S

AUDITED

ANNUAL

REPORT

OR

SEMI-ANNUAL

REPORT.

THESE

REPORTS

INCLUDE

ADDITIONAL

INFORMATION

ABOUT

THE

FUND'S

SECURITY

VALUATION

POLICIES

AND

ABOUT

CERTAIN

SECURITY

TYPES

INVESTED

BY

THE

FUND.

Valuation

Inputs

Investments

in

Securities

Level

-

Quoted

Prices

$

5,278,705

Level

-

Other

Significant

Observable

Inputs

–

Level

-

Significant

Unobservable

Inputs

–

Total

$

5,278,705

BAYWOOD

SOCIALLY

RESPONSIBLE

FUND

SCHEDULE

OF

INVESTMENTS

(Unaudited)

June

30,

2025

The

following

is

a

summary

of

the

inputs

used

to

value

the

Fund's instruments

as

of

June

30,

2025. The

Fund

has

a

three-tier

fair

value

hierarchy.

The

basis

of

the

tiers

is

dependent

upon

the

various

"inputs"

used

to

determine

the

value

of

the

Fund's

investments.

These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

–

quoted

prices

in

active

markets

for

identical

assets

Level

–

Prices

determined

using

significant

other

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.).

Short-term

securities

with

maturities

of

sixty

days

or

less

are

valued

at

amortized

cost,

which

approximates

market

value,

and

are

categorized

as

Level

in

the

hierarchy.

Municipal

securities,

long-term

U.S.

government

obligations

and

corporate

debt

securities

are

valued

in

accordance

with

the

evaluated

price

supplied

by

the

pricing

service

and

generally

categorized

as

Level

in

the

hierarchy.

Other

securities

that

are

categorized

as

Level

in

the

hierarchy

include,

but

are

not

limited

to,

warrants

that

do

not

trade

on

an

exchange,

securities

valued

at

the

mean

between

the

last

reported

bid

and

ask

quotation

and

international

equity

securities

valued

by

an

independent

third

party

with

adjustments

for

changes

in

value

between

the

time

of

the

securities

respective

local

market

closes

and

the

close

of

the

U.S.

market.

Level

–

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

Shares

Security

Description

Value

Common

Stock

-

90.9%

Basic

Materials

-

4.7%

1,700

Air

Products

and

Chemicals,

Inc.

$

479,502

18,300

Graphic

Packaging

Holding

Co.

385,581

1,300

Packaging

Corp.

of

America

244,985

1,110,068

Capital

Goods

/

Industrials

-

7.9%

2,300

3M

Co.

350,152

61,500

Clarivate

PLC

(a) 264,450

1,100

Cummins,

Inc.

360,250

11,900

nVent

Electric

PLC

871,675

1,846,527

Communication

Services

-

4.6%

2,000

Alphabet,

Inc.,

Class A

352,460

18,200

AT&T,

Inc.

526,708

5,500

Comcast

Corp.,

Class A

196,295

1,075,463

Consumer

Discretionary

-

6.4%

3,000

Genuine

Parts

Co.

363,930

3,200

Hasbro,

Inc.

236,224

11,300

Kontoor

Brands,

Inc.

745,461

2,000

NIKE,

Inc.,

Class B

142,080

1,487,695

Consumer

Staples

-

5.1%

33,600

Kenvue,

Inc.

703,248

5,000

Mondelez

International,

Inc.,

Class A

337,200

1,200

PepsiCo.,

Inc.

158,448

1,198,896

Energy

-

6.0%

5,300

Devon

Energy

Corp.

168,593

24,400

Kinder

Morgan,

Inc.

717,360

500

Texas

Pacific

Land

Corp.

528,195

1,414,148

Financials

-

21.0%

2,600

American

Express

Co.

829,348

6,100

American

International

Group,

Inc.

522,099

1,200

Berkshire

Hathaway,

Inc.,

Class B

(a) 582,924

4,975

Brookfield

Corp.

307,704

1,000

Cboe

Global

Markets,

Inc.

233,210

2,100

CME

Group,

Inc.

578,802

17,400

Corebridge

Financial,

Inc.

617,700

2,800

Interactive

Brokers

Group,

Inc.

155,148

5,900

Truist

Financial

Corp.

253,641

11,350

W

R

Berkley

Corp.

833,884

4,914,460

Health

Care

-

17.2%

5,800

AstraZeneca

PLC,

ADR

405,304

25,500

Avantor,

Inc.

(a) 343,230

2,700

Becton

Dickinson

&

Co.

465,075

28,600

DENTSPLY

SIRONA,

Inc.

454,168

7,826

Koninklijke

Philips

NV,

ADR

187,659

1,750

Labcorp

Holdings,

Inc.

459,393

9,200

Medtronic

PLC

801,964

2,800

Merck

&

Co.,

Inc.

221,648

500

Regeneron

Pharmaceuticals,

Inc.

262,500

5,600

Solventum

Corp.

(a) 424,704

4,025,645

Real

Estate

-

4.7%

28,300

Healthcare

Realty

Trust,

Inc.

REIT

448,838

5,371

Realty

Income

Corp.

REIT

309,423

12,900

Weyerhaeuser

Co.

REIT

331,401

1,089,662

Shares

Security

Description

Value

Technology

-

10.8%

5,000

Cisco

Systems,

Inc.

$

346,900

3,500

Coherent

Corp.

(a) 312,235

4,200

Corning,

Inc.

220,878

5,600

Intel

Corp.

125,440

2,400

International

Business

Machines

Corp.

707,472

3,200

NetApp,

Inc.

340,960

2,200

NXP

Semiconductors

NV

480,678

2,534,563

Transportation

-

1.5%

1,500

Union

Pacific

Corp.

345,120

Utilities

-

1.0%

2,200

WEC

Energy

Group,

Inc.

229,240

Total

Common

Stock

(Cost

$18,313,828)

21,271,487

Shares

Security

Description

Value

Money

Market

Fund

-

10.2%

2,391,263

First

American

Government

Obligations

Fund,

Class X,

4.26%

(b) (Cost

$2,391,263)

2,391,263

Investments,

at

value

-

101.1%

(Cost

$20,705,091)

$

23,662,750

Other

Assets

&

Liabilities,

Net

-

(1.1)%

(246,101)

Net

Assets

-

100.0%

$

23,416,649

ADR

American

Depositary

Receipt

PLC

Public

Limited

Company

REIT

Real

Estate

Investment

Trust

(a) Non-income

producing

security.

(b) Dividend

yield

changes

daily

to

reflect

current

market

conditions.

Rate

was

the

quoted

yield

as

of

June

30,

2025. BAYWOOD

SOCIALLY

RESPONSIBLE

FUND

SCHEDULE

OF

INVESTMENTS

(Unaudited)

June

30,

2025

The

Level

value

displayed

in

this

table

is

Common

Stock

and

a

Money

Market

Fund.

Refer

to

this

Schedule

of

Investments

for

a

further

breakout

of

each

security

by

industry.

THE

PORTFOLIO

OF

INVESTMENTS

SHOULD

BE

READ

IN

CONJUNCTION

WITH

THE

FINANCIAL

STATEMENTS

AND

NOTES

TO

FINANCIAL

STATEMENTS

WHICH

ARE

INCLUDED

IN

THE

FUND'S

AUDITED

ANNUAL

REPORT

OR

SEMI-ANNUAL

REPORT.

THESE

REPORTS

INCLUDE

ADDITIONAL

INFORMATION

ABOUT

THE

FUND'S

SECURITY

VALUATION

POLICIES

AND

ABOUT

CERTAIN

SECURITY

TYPES

INVESTED

BY

THE

FUND.

Valuation

Inputs

Investments

in

Securities

Level

-

Quoted

Prices

$

23,662,750

Level

-

Other

Significant

Observable

Inputs

–

Level

-

Significant

Unobservable

Inputs

–

Total

$

23,662,750

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FORUM FUNDS II

- **b. Investment Company Act file number:** 811-22842

- **c. CIK number of Registrant:** 0001576367

- **d. LEI of Registrant:** 254900TLXB82MZSZFI87

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** BAYWOOD SOCIALLYRESPONSIBLE FUND

- **b. EDGAR series identifier (if any):** S000051874

- **c. LEI of Series:** 254900P9QNLN67PBOM73

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $23454786.42

**Total Liabilities:** $38365.38

**Net Assets:** $23416421.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000163318 | -3.12%               | 2.79%                | 2.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21791.82                | $-612291.36                                |
| Month 2  | $-239041.16              | $750863.56                                 |
| Month 3  | $0.00                    | $582649.83                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                   | AT&T, Inc.                                 | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     18200 | NS      | $526708.00    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc             | Air Products and Chemicals, Inc.           | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1700 | NS      | $479502.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                               | Alphabet, Inc.                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2000 | NS      | $352460.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                        | American Express Co.                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      2600 | NS      | $829348.00    | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I             | American International Group, Inc.         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      6100 | NS      | $522099.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                            | AstraZeneca PLC                            | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      5500 | NS      | $384340.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                | Avantor, Inc.                              | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25500 | NS      | $343230.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                      | Becton Dickinson & Co.                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2500 | NS      | $430625.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                           | W R Berkley Corp.                          | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     11350 | NS      | $833884.50    | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                     | Berkshire Hathaway, Inc.                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1200 | NS      | $582924.00    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                            | Brookfield Corp.                           | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |      4975 | NS      | $307703.75    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                    | Cboe Global Markets, Inc.                  | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1000 | NS      | $233210.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                              | CME Group, Inc.                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2100 | NS      | $578802.00    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                          | Cisco Systems, Inc.                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      5000 | NS      | $346900.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                              | Coherent Corp.                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      3500 | NS      | $312235.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                               | Comcast Corp.                              | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      5500 | NS      | $196295.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                   | Corebridge Financial, Inc.                 | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     17400 | NS      | $617700.00    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                | Corning, Inc.                              | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      4200 | NS      | $220878.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                | Cummins, Inc.                              | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1100 | NS      | $360250.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc                        | DENTSPLY SIRONA, Inc.                      | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |     28600 | NS      | $454168.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                          | Devon Energy Corp.                         | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      5300 | NS      | $168593.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2391219 | NS      | $2391218.61   | 10.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                           | Genuine Parts Co.                          | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      3000 | NS      | $363930.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co               | Graphic Packaging Holding Co.              | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17300 | NS      | $364511.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                 | Hasbro, Inc.                               | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3200 | NS      | $236224.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                | Healthcare Realty Trust, Inc.              | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |     28300 | NS      | $448838.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                 | Intel Corp.                                | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      5600 | NS      | $125440.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc              | Interactive Brokers Group, Inc.            | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      2800 | NS      | $155148.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                        | International Business Machines Corp.      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2400 | NS      | $707472.00    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                 | Kenvue, Inc.                               | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     32900 | NS      | $688597.00    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                          | Kinder Morgan, Inc.                        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     24400 | NS      | $717360.00    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips NV                     | Koninklijke Philips NV                     | CUSIP: 500472303<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |      7826 | NS      | $187659.34    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                         | Kontoor Brands, Inc.                       | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     11300 | NS      | $745461.00    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                       | Labcorp Holdings, Inc.                     | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1750 | NS      | $459392.50    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                             | Merck & Co., Inc.                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      2800 | NS      | $221648.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                 | Mondelez International, Inc.               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      5000 | NS      | $337200.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                 | NetApp, Inc.                               | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      3200 | NS      | $340960.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                   | NIKE, Inc.                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      2000 | NS      | $142080.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                  | Packaging Corp. of America                 | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      1100 | NS      | $207295.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                | PepsiCo., Inc.                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1200 | NS      | $158448.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                         | Realty Income Corp.                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      5371 | NS      | $309423.31    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc              | Regeneron Pharmaceuticals, Inc.            | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       500 | NS      | $262500.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp                             | Solventum Corp.                            | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |      5600 | NS      | $424704.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                    | Texas Pacific Land Corp.                   | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $422556.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                      | 3M Co.                                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      2300 | NS      | $350152.00    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                      | Truist Financial Corp.                     | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      5400 | NS      | $232146.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                         | Union Pacific Corp.                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1500 | NS      | $345120.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                       | WEC Energy Group, Inc.                     | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      2200 | NS      | $229240.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                            | Weyerhaeuser Co.                           | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     12900 | NS      | $331401.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                              | Clarivate PLC                              | CUSIP: G21810109<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |     61500 | NS      | $264450.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                              | Medtronic PLC                              | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      9200 | NS      | $801964.00    | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                         | nVent Electric PLC                         | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     11900 | NS      | $871675.00    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                      | NXP Semiconductors NV                      | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      2200 | NS      | $480678.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-14

**Name of Applicant:** Forum Funds II

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer