# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-26-004724
**Filing Date:** 2026-6
**Character Count:** 17415
**Document Hash:** dcaf9b80f4023d6e56f2d201ca5b678a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-004724.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0002048251-26-004724

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**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:** 261048864

**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

### Cullen Enhanced Equity Income ETF (Series ID: S000084215)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000248488 | Cullen Enhanced Equity Income ETF | DIVP            |

## 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:** Cullen Enhanced Equity Income ETF

- **b. EDGAR series identifier (if any):** S000084215

- **c. LEI of Series:** 5299008KQDA92PM3A019

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $42296073.49

**Total Liabilities:** $113340.65

**Net Assets:** $42182732.84

**Cash Not Reported:** $103571.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248488 | -3.89%               | 3.81%                | 4.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $320115.09               | $-2367796.00                               |
| Month 2  | $-69055.75               | $1501678.70                                |
| Month 3  | $241453.23               | $1445049.01                                |

**Designated Index Information**

- **Index Name:** Cullen Enhanced Equity Income ETF - carve out

- **Index Identifier:** 4875_CARVE OUT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BECTON, DICKINSON AND COMPANY               | BECTON DICKINSON AND CO COMMON STOCK      | CUSIP: N/A<br>LEI: ICE2EP6D98PQUILVRZ91       | Long             | EC               |  | US        |      7189 | NS      | $1130326.47   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                           | MRK US 04/17/26 C122 SHORT                | CUSIP: 66M990T57<br>LEI: 4YV9Y5M8S0BRK1RP0397 | N/A              | DE               |  | US        |      -165 | NC      | $-39105.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                     | EXXON MOBIL CORP COMMON STOCK             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      9532 | NS      | $1617199.12   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORPORATION                   | UNION PACIFIC CORP COMMON STOCK           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               |  | US        |      3523 | NS      | $854750.26    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                         | EOG RESOURCES INC COMMON STOCK            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |     12340 | NS      | $1783993.80   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                             | PPL CORP COMMON STOCK                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               |  | US        |     39135 | NS      | $1494957.00   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                 | UNITED PARCEL SERVICE-CL B COMMON STOCK   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               |  | US        |     10920 | NS      | $1074309.60   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                       | QUALCOMM INC COMMON STOCK                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               |  | US        |      4824 | NS      | $621234.72    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORPORATION                | GENERAL DYNAMICS CORP COMMON STOCK        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               |  | US        |      2399 | NS      | $823384.78    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORPORATION                   | FIRST HORIZON CORP COMMON STOCK           | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               |  | US        |     47509 | NS      | $1081304.84   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                 | BAC US 04/17/26 C51 SHORT                 | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | N/A              | DE               |  | US        |      -112 | NC      | $-6944.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                              | CONOCOPHILLIPS COMMON STOCK               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               |  | US        |     14345 | NS      | $1893540.00   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                           | MERCK & CO. INC. COMMON STOCK             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |     16580 | NS      | $1994408.20   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP, INC.          | AMERICAN INTERNATIONAL GROUP COMMON STOCK | CUSIP: N/A<br>LEI: ODVCVCQG2BP6VHV36M30       | Long             | EC               |  | US        |     12978 | NS      | $976594.50    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | INTL BUSINESS MACHINES CORP COMMON STOCK  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      4553 | NS      | $1103601.67   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY     | SMURFIT WESTROCK PLC COMMON STOCK         | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               |  | US        |     17733 | NS      | $706660.05    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                           | SYSCO CORP COMMON STOCK                   | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               |  | US        |     16822 | NS      | $1199913.26   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                       | KEURIG DR PEPPER INC COMMON STOCK         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               |  | US        |     44155 | NS      | $1162601.15   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES, INC.                        | PPG INDUSTRIES INC COMMON STOCK           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               |  | US        |      9441 | NS      | $1009054.08   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.      | PNC FINANCIAL SERVICES GROUP COMMON STOCK | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               |  | US        |      3922 | NS      | $816128.98    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE INC.                                    | BCE INC COMMON STOCK                      | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               |  | US        |     47860 | NS      | $1207986.40   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | C US 04/17/26 C125 SHORT                  | CUSIP: 69999MBH1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DE               |  | US        |       -59 | NC      | $-3599.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY            | MEDTRONIC PLC COMMON STOCK                | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               |  | US        |     17822 | NS      | $1544276.30   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                       | GENUINE PARTS CO COMMON STOCK             | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               |  | US        |     11352 | NS      | $1200474.00   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                         | CISCO SYSTEMS INC COMMON STOCK            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     21066 | NS      | $1634510.94   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | MO US 04/17/26 C70 SHORT                  | CUSIP: N/A<br>LEI: XSGZFLO9YTNO9VCQV219       | N/A              | DE               |  | US        |      -185 | NC      | $-3885.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                        | VICI PROPERTIES INC REIT                  | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     48875 | NS      | $1335265.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORPORATION                   | FHN US 04/17/26 C24 SHORT                 | CUSIP: N/A<br>LEI: TF3RXI1ZB1TQ30H9JV10       | N/A              | DE               |  | US        |      -238 | NC      | $-9520.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                 | DOC US 04/17/26 C17.5 SHORT               | CUSIP: 3QG9904R2<br>LEI: 254900M6MTMZM0I22L81 | N/A              | DE               |  | US        |      -738 | NC      | $-14760.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                         | COMCAST CORP-CLASS A COMMON STOCK         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     51751 | NS      | $1485771.21   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | CITIGROUP INC COMMON STOCK                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |     11838 | NS      | $1342547.58   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                 | BANK OF AMERICA CORP COMMON STOCK         | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | Long             | EC               |  | US        |     22230 | NS      | $1083712.50   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INCORPORATION       | HONEYWELL INTERNATIONAL INC COMMON STOCK  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               |  | US        |      4837 | NS      | $1093307.11   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                     | DUKE ENERGY CORP COMMON STOCK             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               |  | US        |     10703 | NS      | $1401450.82   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | ALTRIA GROUP INC COMMON STOCK             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |     18585 | NS      | $1226424.15   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | TRUIST FINANCIAL CORP COMMON STOCK        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               |  | US        |     28769 | NS      | $1322510.93   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                 | VERIZON COMMUNICATIONS INC COMMON STOCK   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     17279 | NS      | $867405.80    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                | BRISTOL-MYERS SQUIBB CO COMMON STOCK      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |     26658 | NS      | $1616807.70   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                 | HEALTHPEAK PROPERTIES INC REIT            | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |     73886 | NS      | $1213946.98   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                     | DUK US 04/17/26 C135 SHORT                | CUSIP: N/A<br>LEI: I1BZKREC126H0VB1BL91       | N/A              | DE               |  | US        |      -107 | NC      | $-7597.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED             | UNITEDHEALTH GROUP INC COMMON STOCK       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               |  | US        |      4224 | NS      | $1142972.16   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                             | PPL US 04/17/26 C38 SHORT                 | CUSIP: 017990TM4<br>LEI: 9N3UAJSNOUXFKQLF3V18 | N/A              | DE               |  | US        |      -193 | NC      | $-11773.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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