# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-25-000178
**Filing Date:** 2025-9
**Character Count:** 8053
**Document Hash:** e4912a0cf7bf1c6737f058ec94fe0b2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000178.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0002048251-25-000178

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**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:** 251341311

**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

### PMV Adaptive Risk Parity ETF (Series ID: S000079261)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000240238 | PMV Adaptive Risk Parity ETF | ARP             |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **PMV** |
|  | **ADAPTIVE RISK PARITY ETF** |
|  | **JULY 31, 2025** |
|  | **(Unaudited)** |

---

**SCHEDULE OF INVESTMENTS**

**EXCHANGE-TRADED FUNDS — 80.1%** 

---

| | | |
|:---|:---|:---|
|  | Shares | Fair Value |
| **Domestic Equity — 57.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Invesco QQQ Trust, Series 1 | 7845 | $4432503 |
| &nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 265717 | 14938610 |
| &nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 69633 | 3467723 |
| &nbsp;&nbsp;&nbsp;Vanguard S&P 500 ETF | 3034 | 1762815 |
|  |  | 24601651 |
| **Domestic Fixed Income — 13.1%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares Short Treasury Bond ETF | 50938 | 5624064 |
| **Domestic Commodity — 9.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Harbor Commodity All Weather Strategy ETF | 168338 | 4135055 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $33,282,719) |  | 34360770 |
| **CLOSED-END FUND — 19.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Sprott Physical Gold Trust\* | 337675 | 8499280 |
| Total Closed-End Fund |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,659,016) |  | 8499280 |
| Total Investments - 99.9% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $39,941,735) |  | $42860050 |

---

Percentages are based on Net Assets of $42,884,701.

\* Non-income producing security.

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange

S&P — Standard & Poor's

PMV-QH-001-0600

## 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:** PMV Adaptive Risk Parity ETF

- **b. EDGAR series identifier (if any):** S000079261

- **c. LEI of Series:** 5493009AWY4WDEXQDM62

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $42972468.07

**Total Liabilities:** $87766.86

**Net Assets:** $42884701.21

**Cash Not Reported:** $107167.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240238 | -0.21%               | 1.86%                | 1.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $279428.64               | $-344613.37                                |
| Month 2  | $-145277.99              | $773707.34                                 |
| Month 3  | $-409785.01              | $1013389.24                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vanguard Tax Managed Fund FTSE Developed Markets ETF                             | VANGUARD FTSE DEVELOPED ETF MUTUAL FUND  | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |    265717 | NS      | $14938609.74  | 34.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard 500 Index Fund                                                          | VANGUARD S&P 500 ETF MUTUAL FUND         | CUSIP: 922908363<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3034 | NS      | $1762814.68   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds - Vanguard Emerging Markets Stock Inde | VANGUARD FTSE EMERGING MARKE MUTUAL FUND | CUSIP: 922042858<br>LEI: YNHDFX2L9SSID3XIIE57 | Long             | EC               | RF                | US        |     69633 | NS      | $3467723.40   | 8.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold Trust                                                       | SPROTT PHYSICAL GOLD TRUST MUTUAL FUND   | CUSIP: 85207H104<br>LEI: N/A                  | Long             | EC               |  | US        |    337675 | NS      | $8499279.75   | 19.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Barclays Short Treasury Bond Fund                                        | ISHARES SHORT TREASURY BOND MUTUAL FUND  | CUSIP: 464288679<br>LEI: N/A                  | Long             | EC               | RF                | US        |     50938 | NS      | $5624064.58   | 13.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1                                                       | INVESCO QQQ TRUST SERIES 1 MUTUAL FUND   | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |      7845 | NS      | $4432503.45   | 10.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Harbor Commodity All-Weather Strategy ETF                                        | HARBOR COMMODITY ALL WEATHER MUTUAL FUND | CUSIP: 41151J505<br>LEI: N/A                  | Long             | EC               | RF                | US        |    168338 | NS      | $4135054.63   | 9.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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