# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-26-002470
**Filing Date:** 2026-3
**Character Count:** 14950
**Document Hash:** 7bf5b86a04ab2509ef49429864221c0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-002470.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0002048251-26-002470

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26818586

**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

### Frontier Asset Global Small Cap Equity ETF (Series ID: S000089435)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000255968 | Frontier Asset Global Small Cap Equity ETF | FGSM            |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs**  |
|  | **ABSOLUTE RETURN ETF** |
|  | **JANUARY 31, 2026 (Unaudited)** |

---

---

| |
|:---|
| **SCHEDULE OF INVESTMENTS** |
| **EXCHANGE-TRADED FUNDS — 99.6%** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Commodity — 20.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Harbor Commodity All Weather Strategy ETF <sup>(1)</sup> | 63752 | $1705366 |
| &nbsp;&nbsp;&nbsp;iMGP DBi Managed Futures Strategy ETF | 27384 | 799339 |
|  |  | 2504705 |
| **Equity — 30.8%** |  |  |
| &nbsp;&nbsp;&nbsp;American Beacon AHL Trend ETF <sup>(1)</sup> | 91073 | 2582830 |
| &nbsp;&nbsp;&nbsp;iShares MSCI USA Momentum Factor ETF | 1290 | 330098 |
| &nbsp;&nbsp;&nbsp;iShares U.S. Small-Capital Equity Factor ETF | 6820 | 530596 |
| &nbsp;&nbsp;&nbsp;Vanguard Dividend Appreciation ETF | 1075 | 240822 |
|  |  | 3684346 |
| **Fixed Income — 45.1%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares High Yield Systematic Bond ETF | 11975 | 571327 |
| &nbsp;&nbsp;&nbsp;Janus Henderson AAA CLO ETF | 8514 | 431405 |
| &nbsp;&nbsp;&nbsp;JPMorgan Ultra-Short Income ETF | 10590 | 537760 |
| &nbsp;&nbsp;&nbsp;Vanguard Short-Term Bond ETF <sup>(1)</sup> | 35146 | 2774074 |
| &nbsp;&nbsp;&nbsp;WisdomTree Floating Rate Treasury Fund ETF | 21500 | 1082525 |
|  |  | 5397091 |
| **International — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Avantis International Small Capital Value ETF | 3311 | 334808 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $10,832,607) |  | 11920950 |
| **Total Investments - 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $10,832,607) |  | $11920950 |

---

Percentages are based on Net Assets of $11,970,729.

&nbsp;&nbsp;&nbsp;&nbsp;(1) 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.

CLO — Collateralized Loan Obligation

ETF — Exchange-Traded Fund

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **CORE BOND ETF** |
|  | **JANUARY 31, 2026 (Unaudited)** |

---

---

| |
|:---|
| **SCHEDULE OF INVESTMENTS** |
| **EXCHANGE-TRADED FUNDS — 99.6%** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Fixed Income — 99.6%** |  |  |
| &nbsp;&nbsp;iShares Investment Grade Systematic Bond ETF | 52374 | $2396634 |
| &nbsp;&nbsp;JPMorgan Core Plus Bond ETF <sup>(1)</sup> | 173875 | 8259932 |
| &nbsp;&nbsp;JPMorgan Ultra-Short Income ETF | 56502 | 2869172 |
| &nbsp;&nbsp;Regan Floating Rate MBS ETF | 171412 | 4401277 |
| &nbsp;&nbsp;TCW Flexible Income ETF <sup>(1)</sup> | 273006 | 10851988 |
| &nbsp;&nbsp;Vanguard Intermediate-Term Treasury ETF <sup>(1)</sup> | 185924 | 11136848 |
| &nbsp;&nbsp;WisdomTree Floating Rate Treasury Fund ETF | 86553 | 4357944 |
|  |  | 44273795 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;(Cost $43,353,455) |  | 44273795 |
| **Total Investments - 99.6%** |  |  |
| &nbsp;&nbsp;(Cost $43,353,455) |  | $44273795 |

---

Percentages are based on Net Assets of $44,449,182.

&nbsp;&nbsp;&nbsp;&nbsp;(1) 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.

ETF — Exchange-Traded Fund

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **OPPORTUNISTIC CREDIT ETF** |
|  | **JANUARY 31, 2026 (Unaudited)** |
| **SCHEDULE OF INVESTMENTS** |  |
| **EXCHANGE-TRADED FUNDS — 99.7%** |  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Fixed Income — 99.7%** |  |  |
| &nbsp;&nbsp;iShares Investment Grade Systematic Bond ETF <sup>(1)</sup> | 123566 | $5654380 |
| &nbsp;&nbsp;iShares MBS ETF | 25655 | 2454927 |
| &nbsp;&nbsp;JPMorgan Core Plus Bond ETF <sup>(1)</sup> | 111948 | 5318090 |
| &nbsp;&nbsp;PIMCO Multisector Bond Active ETF | 62620 | 1681347 |
| &nbsp;&nbsp;Schwab US TIPS ETF | 102878 | 2740670 |
| &nbsp;&nbsp;TCW Flexible Income ETF <sup>(1)</sup> | 222659 | 8850695 |
| &nbsp;&nbsp;Vanguard Intermediate-Term Treasury ETF <sup>(1)</sup> | 97699 | 5852170 |
| &nbsp;&nbsp;Vanguard Short-Term Inflation-Protected Securities ETF | 44278 | 2201945 |
|  |  | 34754224 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;(Cost $33,924,382) |  | 34754224 |
| **Total Investments - 99.7%** |  |  |
| &nbsp;&nbsp;(Cost $33,924,382) |  | $34754224 |

---

Percentages are based on Net Assets of $34,851,597.

&nbsp;&nbsp;&nbsp;&nbsp;(1) 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.

ETF — Exchange-Traded Fund

TIPS — Treasury Inflation Protected Security

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **GLOBAL SMALL CAP EQUITY ETF** |
|  | **JANUARY 31, 2026 (Unaudited)** |
| **SCHEDULE OF INVESTMENTS** |  |
| **EXCHANGE-TRADED FUNDS — 99.9%** |  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Equity — 58.2%** |  |  |
| &nbsp;&nbsp;Avantis U.S. Small Capital Value ETF | 45438 | $4965010 |
| &nbsp;&nbsp;iShares Core S&P Small-Capital ETF <sup>(1)</sup> | 108010 | 13720510 |
| &nbsp;&nbsp;iShares U.S. Small-Capital Equity Factor ETF <sup>(1)</sup> | 180793 | 14065696 |
| &nbsp;&nbsp;Neuberger Small-Mid Capital ETF | 148870 | 3921236 |
|  |  | 36672452 |
| **International — 41.7%** |  |  |
| &nbsp;&nbsp;Avantis International Small Capital Value ETF <sup>(1)</sup> | 194037 | 19621022 |
| &nbsp;&nbsp;iShares International Small-Capital Equity Factor ETF <sup>(1)</sup> | 152365 | 6707107 |
|  |  | 26328129 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;(Cost $50,767,494) |  | 63000581 |
| **Total Investments - 99.9%** |  |  |
| &nbsp;&nbsp;(Cost $50,767,494) |  | $63000581 |

---

Percentages are based on Net Assets of $63,081,883.

&nbsp;&nbsp;&nbsp;&nbsp;(1) 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.

ETF — Exchange-Traded Fund

S&P — Standard & Poor's

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **TOTAL INTERNATIONAL EQUITY ETF** |
|  | **JANUARY 31, 2026 (Unaudited)** |
| **SCHEDULE OF INVESTMENTS** |  |
| **EXCHANGE-TRADED FUNDS — 99.8%** |  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **International — 99.8%** |  |  |
| &nbsp;&nbsp;Avantis Emerging Markets Equity ETF <sup>(1)</sup> | 154529 | $12850631 |
| &nbsp;&nbsp;Cambria Foreign Shareholder Yield ETF | 150008 | 5307283 |
| &nbsp;&nbsp;First Eagle Overseas Equity ETF | 62477 | 3206320 |
| &nbsp;&nbsp;Franklin International Low Volatility High Dividend Index ETF | 114569 | 4401741 |
| &nbsp;&nbsp;iShares Emerging Markets Equity Factor ETF <sup>(1)</sup> | 150027 | 9385689 |
| &nbsp;&nbsp;iShares International Equity Factor ETF <sup>(1)</sup> | 240457 | 9543738 |
| &nbsp;&nbsp;iShares MSCI International Quality Factor ETF <sup>(1)</sup> | 204395 | 9731246 |
| &nbsp;&nbsp;Vanguard International Dividend Appreciation ETF <sup>(1)</sup> | 71382 | 6599980 |
|  |  | 61026628 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;(Cost $47,028,521) |  | 61026628 |
| **Total Investments - 99.8%** |  |  |
| &nbsp;&nbsp;(Cost $47,028,521) |  | $61026628 |

---

Percentages are based on Net Assets of $61,156,684.

&nbsp;&nbsp;&nbsp;&nbsp;(1) 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.

ETF — Exchange-Traded Fund

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **FRONTIER ETFs** |
|  | **U.S. LARGE CAP EQUITY ETF** |
|  | **JANUARY 31, 2026 (Unaudited)** |
| **SCHEDULE OF INVESTMENTS** |  |
| **EXCHANGE-TRADED FUNDS — 99.7%** |  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Equity — 99.7%** |  |  |
| &nbsp;&nbsp;GMO US Quality ETF | 81591 | $3202447 |
| &nbsp;&nbsp;iShares U.S. Equity Factor ETF <sup>(1)</sup> | 164883 | 11482452 |
| &nbsp;&nbsp;JPMorgan Active Growth ETF <sup>(1)</sup> | 76678 | 6998401 |
| &nbsp;&nbsp;JPMorgan Active Value ETF <sup>(1)</sup> | 127354 | 9547729 |
| &nbsp;&nbsp;T Rowe Price Capital Appreciation Equity ETF <sup>(1)</sup> | 179102 | 6841696 |
| &nbsp;&nbsp;T Rowe Price US Equity Research ETF <sup>(1)</sup> | 362956 | 15773415 |
| &nbsp;&nbsp;Vanguard Dividend Appreciation ETF <sup>(1)</sup> | 33162 | 7428951 |
|  |  | 61275091 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;(Cost $55,502,120) |  | 61275091 |
| **Total Investments - 99.7%** |  |  |
| &nbsp;&nbsp;(Cost $55,502,120) |  | $61275091 |

---

Percentages are based on Net Assets of $61,434,788.

&nbsp;&nbsp;&nbsp;&nbsp;(1) 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.

ETF — Exchange-Traded Fund

FRT-NQ-001-0300

## 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:** Frontier Asset Global Small Cap Equity ETF

- **b. EDGAR series identifier (if any):** S000089435

- **c. LEI of Series:** 529900UXDOB57FW9PQ95

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $63115833.69

**Total Liabilities:** $32913.52

**Net Assets:** $63082920.17

**Cash Not Reported:** $113741.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255968 | 5.88%                | 1.03%                | 2.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $491655.56               | $3132616.81                                |
| Month 2  | $0.00                    | $109733.98                                 |
| Month 3  | $0.00                    | $1592389.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares US Small-Cap Equity Factor ETF    | ISHARES US SMALLCAP EQUITY F MUTUAL FUND | CUSIP: 46434V290<br>LEI: N/A | Long             | EC               | RF                | US        |    180793 | NS      | $14065695.40  | 22.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Small-Mid Cap ETF               | NEUBERGER SMALL-MID CAP ETF MUTUAL FUND  | CUSIP: 64135A804<br>LEI: N/A | Long             | EC               | RF                | US        |    148870 | NS      | $3921235.80   | 6.22%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Intl Small Cap Equity Factor ETF  | ISHARES INTERNATIONAL SMALL MUTUAL FUND  | CUSIP: 46434V266<br>LEI: N/A | Long             | EC               | RF                | US        |    152365 | NS      | $6707107.30   | 10.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Avantis International Small Cap Value ETF | AVANTIS INTL S/C VALUE ETF MUTUAL FUND   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | RF                | US        |    194037 | NS      | $19621021.44  | 31.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Avantis US Small Cap Value ETF            | AVANTIS US SMALL CAP VALUE MUTUAL FUND   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | RF                | US        |     45438 | NS      | $4965010.26   | 7.87%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF            | ISHARES CORE S&P SMALL-CAP E MUTUAL FUND | CUSIP: 464287804<br>LEI: N/A | Long             | EC               | RF                | US        |    108010 | NS      | $13720510.30  | 21.75%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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