# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0001752724-25-211022
**Filing Date:** 2025-8
**Character Count:** 15701
**Document Hash:** fda8a09e6f798cbaf175b3b582fe7c60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211022.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211022

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250930

**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:** 251269942

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 6106761000

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advisors Inner Circle Fund II
- **DATE OF NAME CHANGE:** 20041029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARBOR FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

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

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

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
|  | **DYNAMIC FIXED INCOME ETF** |
|  | **JUNE 30, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS**<br>**Description** |<br>**Shares** |<br>**Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Domestic Fixed Income — 99.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Global X 1-3 Month T-Bill ETF | 44919 | $4511 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Access Treasury 0-1 Year ETF<sup>(A)</sup> | 376112 | 37668 |
| &nbsp;&nbsp;&nbsp;iShares 0-3 Month Treasury Bond ETF<sup>(A)</sup> | 282828 | 28478 |
| &nbsp;&nbsp;&nbsp;iShares TIPS Bond ETF | 161864 | 17811 |
| &nbsp;&nbsp;&nbsp;SPDR Bloomberg 1-3 Month T-Bill ETF<sup>(A)</sup> | 418023 | 38345 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio Intermediate Term Treasury ETF | 544043 | 15652 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio TIPS ETF<sup>(A)</sup> | 1276010 | 33253 |
| &nbsp;&nbsp;&nbsp;Vanguard Intermediate-Term Treasury ETF | 330589 | 19773 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $194,314) |  | 195491 |
| **SHORT-TERM INVESTMENT — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 4.25%<sup>(B)</sup> | 1966114 | 1966 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,966) |  | 1966 |
| **Total Investments - 100.5%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $196,280) |  | $197457 |

---

Percentages are based on Net Assets of $196,379 (000).

&nbsp;&nbsp;&nbsp;&nbsp;(A) Represents
 greater than 10% of the Fund's total investments. For further information, please
 go to the Fund's website at https://www.SEC.gov.

&nbsp;&nbsp;&nbsp;&nbsp;(B) The
 rate shown is the 7-day effective yield as of June 30, 2025.

Cl — Class

ETF — Exchange Traded Fund

SPDR — Standard & Poor's Depositary Receipts

TIPS — Treasury Inflation Protected Security

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
|  | **DYNAMIC HARD ASSETS ETF** |
|  | **JUNE 30, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS**<br>**Description** |<br>**Shares** |<br>**Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Domestic Commodity — 79.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Harbor Commodity All Weather Strategy ETF<sup>(A)</sup> | 718299 | $17448 |
| &nbsp;&nbsp;&nbsp;Invesco Agriculture Commodity Strategy No. K-1 ETF<sup>(A)</sup> | 505883 | 17640 |
| &nbsp;&nbsp;&nbsp;Sprott Physical Gold and Silver Trust<sup>(A)\*</sup> | 589317 | 17738 |
| &nbsp;&nbsp;&nbsp;Sprott Physical Gold Trust<sup>(A)\*</sup> | 688425 | 17452 |
|  |  | 70278 |
| &nbsp;&nbsp;&nbsp;**Domestic Fixed Income — 20.1%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares 0-5 Year TIPS Bond ETF<sup>(A)</sup> | 173211 | 17825 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $83,221) |  | 88103 |
| **SHORT-TERM INVESTMENT — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 4.25%<sup>(B)</sup> | 338822 | 339 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $339) |  | 339 |
| **Total Investments - 100.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $83,560) |  | $88442 |

---

Percentages are based on Net Assets of $88,403 (000).

\* Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(A) Represents
 greater than 10% of the Fund's total investments. For further information, please
 go to the Fund's website at https://www.SEC.gov.

&nbsp;&nbsp;&nbsp;&nbsp;(B) The
 rate shown is the 7-day effective yield as of June 30, 2025.

Cl — Class

ETF — Exchange Traded Fund

TIPS — Treasury Inflation Protected Security

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
| **DYNAMIC INTERNATIONAL EQUITY ETF** | **DYNAMIC INTERNATIONAL EQUITY ETF** |
|  | **JUNE 30, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS**<br>**Description** |<br>**Shares** |<br>**Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**International Equity — 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares MSCI China ETF | 99863 | $5502 |
| &nbsp;&nbsp;&nbsp;iShares MSCI EAFE ETF | 285 | 25 |
| &nbsp;&nbsp;&nbsp;iShares MSCI Germany ETF | 110300 | 4667 |
| &nbsp;&nbsp;&nbsp;iShares MSCI Global Gold Miners ETF | 28792 | 1260 |
| &nbsp;&nbsp;&nbsp;iShares MSCI India ETF<sup>\*</sup> | 18515 | 1031 |
| &nbsp;&nbsp;&nbsp;iShares MSCI Japan Small-Capital ETF | 15304 | 1299 |
| &nbsp;&nbsp;&nbsp;JPMorgan BetaBuilders Japan ETF<sup>(A)</sup> | 158346 | 9783 |
| &nbsp;&nbsp;&nbsp;Select STOXX Europe Aerospace & Defense ETF | 30513 | 1317 |
| &nbsp;&nbsp;&nbsp;SPDR EURO STOXX 50 ETF | 13273 | 793 |
| &nbsp;&nbsp;&nbsp;SPDR MSCI ACWI ex-US ETF<sup>(A)</sup> | 456426 | 14907 |
| &nbsp;&nbsp;&nbsp;SPDR Portfolio Emerging Markets ETF<sup>(A)</sup> | 207324 | 8861 |
| &nbsp;&nbsp;&nbsp;SPDR S&P Emerging Markets Small Cap ETF | 21148 | 1312 |
| &nbsp;&nbsp;&nbsp;Vanguard Total International Stock ETF<sup>(A)</sup> | 215436 | 14884 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $62,841) |  | 65641 |
| **SHORT-TERM INVESTMENT — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 4.25%<sup>(B)</sup> | 809544 | 810 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $810) |  | 810 |
| **Total Investments - 100.8%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $63,651) |  | $66451 |

---

Percentages are based on Net Assets of $65,895 (000).

\* Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(A) Represents
 greater than 10% of the Fund's total investments. For further information, please
 go to the Fund's website at https://www.SEC.gov.

&nbsp;&nbsp;&nbsp;&nbsp;(B) The
 rate shown is the 7-day effective yield as of June 30, 2025.

ACWI — All Country World Index

Cl — Class

ETF — Exchange Traded Fund

S&P— Standard & Poor's

SPDR — Standard & Poor's Depositary Receipts

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **3EDGE ASSET MANAGEMENT** |
|  | **DYNAMIC US EQUITY ETF** |
|  | **JUNE 30, 2025** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULES OF INVESTMENTS**<br>**Description** |<br>**Shares** |<br>**Fair Value (000)** |
| **EXCHANGE-TRADED FUNDS — 99.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Domestic Equity — 99.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Communication Services Select Sector SPDR Fund | 20717 | $2249 |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary Select Sector SPDR Fund | 11008 | 2392 |
| &nbsp;&nbsp;&nbsp;Consumer Staples Select Sector SPDR Fund | 16788 | 1359 |
| &nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund | 1460 | 124 |
| &nbsp;&nbsp;&nbsp;Financial Select Sector SPDR Fund | 62779 | 3288 |
| &nbsp;&nbsp;&nbsp;Health Care Select Sector SPDR Fund | 14309 | 1929 |
| &nbsp;&nbsp;&nbsp;Industrial Select Sector SPDR Fund | 12136 | 1790 |
| &nbsp;&nbsp;&nbsp;Innovator U.S. Equity Buffer ETF - June<sup>(A)\*</sup> | 222264 | 9726 |
| &nbsp;&nbsp;&nbsp;Innovator US Equity 5 to 15 Buffer ETF-Quarterly<sup>(A)\*</sup> | 286270 | 9327 |
| &nbsp;&nbsp;&nbsp;Materials Select Sector SPDR Fund | 4571 | 401 |
| &nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 11517 | 477 |
| &nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund<sup>(A)</sup> | 30426 | 7705 |
| &nbsp;&nbsp;&nbsp;Utilities Select Sector SPDR Fund | 7453 | 609 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $38,866) |  | 41376 |
| **SHORT-TERM INVESTMENT — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Cl X, 4.25%<sup>(B)</sup> | 275077 | 275 |
| Total Short-Term Investment |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $275) |  | 275 |
| **Total Investments - 100.2%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $39,141) |  | $41651 |

---

Percentages are based on Net Assets of $41,586 (000).

\* Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(A) Represents
 greater than 10% of the Fund's total investments. For further information, please
 go to the Fund's website at https://www.SEC.gov.

&nbsp;&nbsp;&nbsp;&nbsp;(B) The
 rate shown is the 7-day effective yield as of June 30, 2025.

Cl — Class

ETF — Exchange Traded Fund

SPDR — Standard & Poor's Depositary Receipts

EDG-QH-001-0200

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND II

- **b. Investment Company Act file number:** 811-07102

- **c. CIK number of Registrant:** 0000890540

- **d. LEI of Registrant:** 549300OEHDTB2ALCAX69

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** 3EDGE Dynamic Fixed Income ETF

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

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

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

- **a. Date of fiscal year-end:** 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:** $196497089.02

**Total Liabilities:** $118226.94

**Net Assets:** $196378862.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253559 | 0.59%                | -0.28%               | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $23782.51                | $654086.39                                 |
| Month 2  | $38177.46                | $-1238219.49                               |
| Month 3  | $-233319.23              | $102626.44                                 |

### Schedule of Portfolio Investments

| Name                                          | Title                                                      | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                           | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X | CUSIP: 31846V336<br>LEI: N/A | Long             | STIV             |  | US        |   1966114 | PA      | $1966114.30   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X 1-3 Month T-Bill ETF                 | GLOBAL X 1-3 MONTH T-BILL MUTUAL FUND                      | CUSIP: 37960A438<br>LEI: N/A | Long             | EC               | RF                | US        |     44919 | NS      | $4510765.98   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Access Treasury 0-1 Year ETF    | GOLDMAN SACHS ACCESS TREASUR MUTUAL FUND                   | CUSIP: 381430529<br>LEI: N/A | Long             | EC               | RF                | US        |    376112 | NS      | $37667616.80  | 19.18%            |  |  |  | No            |                  1 | On Loan: —       |
| iShares 0-3 Month Treasury Bond ETF           | ISHARES 0-3 MONTH TREASURY B MUTUAL FUND                   | CUSIP: 46436E718<br>LEI: N/A | Long             | EC               | RF                | US        |    282828 | NS      | $28477951.32  | 14.50%            |  |  |  | No            |                  1 | On Loan: —       |
| iShares TIPS Bond ETF                         | ISHARES TIPS BOND ETF MUTUAL FUND                          | CUSIP: 464287176<br>LEI: N/A | Long             | EC               | RF                | US        |    161864 | NS      | $17811514.56  | 9.07%             |  |  |  | No            |                  1 | On Loan: —       |
| MOUNT VERNON LIQUID ASSETS PORTFOLIO          | MOUNT VERNON LIQUID ASSETS PORTFOLIO                       | CUSIP: 990VR1110<br>LEI: N/A | Long             | STIV             |  | US        |  40567469 | NS      | $40567469.00  | 20.66%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg 1-3 Month T-Bill ETF           | SPDR BLOOMBERG 1-3 MONTH T-B MUTUAL FUND                   | CUSIP: 78468R663<br>LEI: N/A | Long             | EC               | RF                | US        |    418023 | NS      | $38345249.79  | 19.53%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio Intermediate Term Treasury ETF | SPDR PORT INT TREASURY TERM MUTUAL FUND                    | CUSIP: 78464A672<br>LEI: N/A | Long             | EC               | RF                | US        |    544043 | NS      | $15652117.11  | 7.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio TIPS ETF                       | SPDR PORTFOLIO TIPS ETF MUTUAL FUND                        | CUSIP: 78464A656<br>LEI: N/A | Long             | EC               | RF                | US        |   1276010 | NS      | $33252820.60  | 16.93%            |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard Intermediate Term Treasury ETF       | VANGUARD INTERMEDIATE-TERM T MUTUAL FUND                   | CUSIP: 92206C706<br>LEI: N/A | Long             | EC               | RF                | US        |    330589 | NS      | $19772528.09  | 10.07%            |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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