# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-26-005595
**Filing Date:** 2026-6
**Character Count:** 33272
**Document Hash:** 3bd721b0637bbd9d8231a4c9deb3cb65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-005595.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0002048251-26-005595

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**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:** 261133218

**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

### KOPERNIK INTERNATIONAL FUND (Series ID: S000049911)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000157593 | CLASS I SHARES | KGIIX           |

## 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:** Kopernik International Fund

- **b. EDGAR series identifier (if any):** S000049911

- **c. LEI of Series:** 549300ZHQ6X47R4OQ671

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

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

- **b. Date as of which information is reported:** 2026-04-30

**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:** $947490991.74

**Total Liabilities:** $2698280.86

**Net Assets:** $944792710.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000157593 | 2.37%                | -5.68%               | 5.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14615166.62             | $7940531.88                                |
| Month 2  | $10949556.50             | $-66439607.48                              |
| Month 3  | $6925922.42              | $43424121.81                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MEITUAN                                                    | MEITUAN-CLASS B COMMON STOCK                       | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               |  | HK        |     396200 | NS      | $4262790.08   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZPROM NEFT' PAO                                          | GAZPROM NEFT PJSC COMMON STOCK                     | CUSIP: N/A<br>LEI: 253400KXA9P2AN72P004       | Long             | EC               |  | RU        |    2817940 | NS      | $5778374.90   | 0.61%             |  |  |  | No            |                  3 | On Loan: No      |
| BANGKOK BANK PUBLIC COMPANY LIMITED                        | BANGKOK BANK PCL-FOREIGN REG COMMON STOCK          | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               |  | TH        |    1589600 | NS      | $7931071.46   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Metro Co., Ltd.                                      | TOKYO METRO CO LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: 35380049N9IQPZ74JY58       | Long             | EC               |  | JP        |     371900 | NS      | $3745381.41   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREAN AIR LINES CO.,LTD                                   | KOREAN AIR LINES CO LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 988400C2UFBF4B660C58       | Long             | EC               |  | KR        |     266179 | NS      | $4455179.06   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                                               | CARREFOUR SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               |  | FR        |     467438 | NS      | $9318815.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Company                                  | SAUDI ARABIAN OIL CO COMMON STOCK                  | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               |  | SA        |     625393 | NS      | $4638674.86   | 0.49%             |  |  |  | Yes           |                  1 | On Loan: No      |
| KT CORPORATION                                             | KT CORP-SP ADR DEPOSITARY RECEIPT                  | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               |  | US        |     319616 | NS      | $6849370.88   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTTE CHEMICAL CORPORATION                                 | LOTTE CHEMICAL CORP COMMON STOCK                   | CUSIP: N/A<br>LEI: 988400TPNFJZDPI94Y56       | Long             | EC               |  | KR        |      36652 | NS      | $2844020.27   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AMUNDI SA                                                  | AMUNDI SA COMMON STOCK                             | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               |  | FR        |      15988 | NS      | $1545346.71   | 0.16%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PALADIN ENERGY LTD                                         | PALADIN ENERGY LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               |  | AU        |    1566316 | NS      | $13353542.21  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANK RUSSELL SEC/BROADCORT CAP CLEARING                   | Spot FX Contract: JPY/USD SETTLE 2026-05-01        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |          1 | NC      | $9007.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                        | POLYUS PJSC-REG S-GDR DEPOSITARY RECEIPT           | CUSIP: 73181M117<br>LEI: N/A                  | Long             | EC               |  | GB        |     249258 | NS      | $10491119.67  | 1.11%             |  |  |  | No            |                  3 | On Loan: No      |
| PT Indah Kiat Pulp & Paper Tbk                             | INDAH KIAT PULP & PAPER TBK COMMON STOCK           | CUSIP: N/A<br>LEI: 529900F19DXXA9HNCB51       | Long             | EC               |  | ID        |    3588000 | NS      | $2028463.29   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MHP SE                                                     | MHP SE DEPOSITARY RECEIPT                          | CUSIP: 55302T204<br>LEI: 213800D7DXFXGA292757 | Long             | EC               |  | GB        |     709038 | NS      | $7163642.06   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | BROWN BROTHERS HARRIMAN SWEEP INTEREST             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  342447336 | PA      | $342447336.40 | 36.25%            |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL'NAYA SETEVAYA KOMPANIYA ROSSETI PAO                | FEDERAL GRID CO-ROSSETI PJSC COMMON STOCK          | CUSIP: N/A<br>LEI: 253400FZQ7Z49QZNSG30       | Long             | EC               |  | RU        | 3021385233 | NS      | $802209.02    | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| GS Holdings Corp.                                          | GS HOLDINGS COMMON STOCK                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     130609 | NS      | $7254064.99   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SPXW US 05/29/26 P6950 LONG                        | CUSIP: 680997WV1<br>LEI: N/A                  | N/A              | DIR              |  | US        |        372 | NC      | $1581000.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CK HUTCHISON HOLDINGS LIMITED                              | CK HUTCHISON HOLDINGS LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               |  | HK        |    1518000 | NS      | $12675587.22  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                                           | ROYAL GOLD INC COMMON STOCK                        | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               |  | US        |       7654 | NS      | $1786290.52   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LENTA MKPAO                                                | LENTA PLC DEPOSITARY RECEIPT                       | CUSIP: 52634T200<br>LEI: 213800OMCE8QATH73N15 | Long             | EC               |  | GB        |    1271467 | NS      | $2034347.20   | 0.22%             |  |  |  | No            |                  3 | On Loan: No      |
| NICE LTD                                                   | NICE LTD - SPON ADR DEPOSITARY RECEIPT             | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               |  | US        |      37828 | NS      | $3859212.56   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | DREYFUS TREASURY SEC CASH-PT DPRXX US EQUITY       | CUSIP: 261941405<br>LEI: N/A                  | Long             | STIV             |  | US        |    9531597 | PA      | $9531596.90   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KASIKORNBANK PUBLIC COMPANY LIMITED                        | KASIKORNBANK PCL-FOREIGN COMMON STOCK              | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               |  | TH        |     473900 | NS      | $2820357.39   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPPA LSR PAO                                             | LSR GROUP PJSC COMMON STOCK                        | CUSIP: N/A<br>LEI: 25340067LEEMJ79K8X43       | Long             | EC               |  | RU        |     510671 | NS      | $1284478.94   | 0.14%             |  |  |  | No            |                  3 | On Loan: No      |
| Cenovus Energy Incorporation .                             | CENOVUS ENERGY INC COMMON STOCK                    | CUSIP: 15135U109<br>LEI: 254900LJGL2N2XEMD470 | Long             | EC               |  | CA        |     416227 | NS      | $12177171.55  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp.                                                   | LG CORP COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     239841 | NS      | $16186558.15  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIA Energia S.A.                                          | AXIA ENERGIA SA COMMON STOCK                       | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               |  | BR        |     395660 | NS      | $4968322.39   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PAX GLOBAL TECHNOLOGY LIMITED                              | PAX GLOBAL TECHNOLOGY LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 5299008CRGPD1WZXCD36       | Long             | EC               |  | HK        |    2147000 | NS      | $1069045.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Electric Power Development Co., Ltd.                       | ELECTRIC POWER DEVELOPMENT C COMMON STOCK          | CUSIP: N/A<br>LEI: 549300KMHPUAQI8VEH90       | Long             | EC               |  | JP        |     124300 | NS      | $3041984.01   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                       | Petroleo Brasileiro SA - Petrobras PREFERRED STOCK | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               |  | BR        |     928200 | NS      | $9254257.85   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Petroleum Exploration Co., Ltd.                      | JAPAN PETROLEUM EXPLORATION COMMON STOCK           | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               |  | JP        |      12400 | NS      | $177394.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Cake PLC                                            | YELLOW CAKE PLC COMMON STOCK                       | CUSIP: N/A<br>LEI: 213800CVMYUGOA9EZY95       | Long             | EC               |  | GB        |    1604218 | NS      | $13256294.97  | 1.40%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Stora Enso Oyj                                             | STORA ENSO OYJ-R SHS COMMON STOCK                  | CUSIP: N/A<br>LEI: 7437000ZP669LKUTZ738       | Long             | EC               |  | FI        |     750184 | NS      | $8353004.41   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LIMITED                                          | BHP GROUP LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               |  | AU        |     252511 | NS      | $9994185.55   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresas CMPC S.A.                                         | EMPRESAS CMPC SA COMMON STOCK                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CL        |    2240114 | NS      | $2778576.85   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA REINSURANCE (GROUP) CORPORATION                      | CHINA REINSURANCE GROUP CO-H COMMON STOCK          | CUSIP: N/A<br>LEI: 300300F3000111000079       | Long             | EC               |  | HK        |   18815000 | NS      | $2966851.05   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPERFORMANCE SE                                         | TELEPERFORMANCE COMMON STOCK                       | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               |  | FR        |      95075 | NS      | $6439370.48   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PT United Tractors Tbk                                     | UNITED TRACTORS TBK PT COMMON STOCK                | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               |  | ID        |     625100 | NS      | $1049055.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE PLC                                               | GLENCORE PLC COMMON STOCK                          | CUSIP: G39420107<br>LEI: 2138002658CPO9NBH955 | Long             | EC               |  | GB        |    3436015 | NS      | $26704109.73  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK ROSSII PAO                                        | SBERBANK OF RUSSIA PJSC COMMON STOCK               | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               |  | RU        |    8292394 | NS      | $10616698.38  | 1.12%             |  |  |  | No            |                  3 | On Loan: No      |
| CGN Power Co., Ltd.                                        | CGN POWER CO LTD-H COMMON STOCK                    | CUSIP: N/A<br>LEI: 529900D2UINCGWQYBK45       | Long             | EC               |  | HK        |   13087000 | NS      | $5831037.54   | 0.62%             |  |  |  | Yes           |                  1 | On Loan: No      |
| LG Uplus Corp.                                             | LG UPLUS CORP COMMON STOCK                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |    2389853 | NS      | $25625767.72  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Uranium Trust                              | SPROTT PHYSICAL URANIUM TR MUTUAL FUND             | CUSIP: 85210A104<br>LEI: N/A                  | Long             | EC               |  | CA        |     495095 | NS      | $10373176.06  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AYALA CORPORATION                                          | AYALA CORPORATION COMMON STOCK                     | CUSIP: N/A<br>LEI: 254900QJ68UH8GKNGI69       | Long             | EC               |  | PH        |     239260 | NS      | $1819893.88   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE S.A.                                                  | VALE SA COMMON STOCK                               | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               |  | BR        |     733300 | NS      | $12042480.71  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                                | BAIDU INC-CLASS A COMMON STOCK                     | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               |  | HK        |     318250 | NS      | $5025490.85   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangshen Railway Company Limited                          | GUANGSHEN RAILWAY CO LTD-H COMMON STOCK            | CUSIP: N/A<br>LEI: 529900YIR2NSEPF1UU41       | Long             | EC               |  | HK        |   11364000 | NS      | $3474077.45   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresas Copec S.A.                                        | EMPRESAS COPEC SA COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300Q3IDJYG6Z7PA50       | Long             | EC               |  | CL        |      31593 | NS      | $221303.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDEN AGRI-RESOURCES LTD                                  | GOLDEN AGRI-RESOURCES LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 529900GAK9LTNC3IFY40       | Long             | EC               |  | SG        |   73589700 | NS      | $18339896.91  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA GAS HOLDINGS LIMITED                                 | CHINA GAS HOLDINGS LTD COMMON STOCK                | CUSIP: N/A<br>LEI: 254900KTSZLZ21VV8T33       | Long             | EC               |  | HK        |    2585200 | NS      | $2398036.14   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVAGOLD RESOURCES INC.                                    | NOVAGOLD RESOURCES INC COMMON STOCK                | CUSIP: N/A<br>LEI: 529900587LVZTJ2BHS60       | Long             | EC               |  | US        |    1195579 | NS      | $9636366.74   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of East Asia, Limited                             | BANK OF EAST ASIA LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: CO6GC26LCGGRTUESIP55       | Long             | EC               |  | HK        |     543400 | NS      | $950875.63    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHRODERS PLC                                              | SCHRODERS PLC COMMON STOCK                         | CUSIP: G78602144<br>LEI: 2138001YYBULX5SZ2H24 | Long             | EC               |  | GB        |     269267 | NS      | $2120200.71   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MELROSE INDUSTRIES PLC                                     | MELROSE INDUSTRIES PLC COMMON STOCK                | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               |  | GB        |     321561 | NS      | $2110168.09   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST PACIFIC COMPANY LIMITED                              | FIRST PACIFIC CO COMMON STOCK                      | CUSIP: G34804107<br>LEI: 254900VS1MDQSDM9DE09 | Long             | EC               |  | HK        |    3578000 | NS      | $2510476.46   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SJM Holdings Limited                                       | SJM HOLDINGS LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900XEAB40COT5ZL30       | Long             | EC               |  | HK        |   15691000 | NS      | $4144898.10   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SEABRIDGE GOLD INC.                                        | SEABRIDGE GOLD INC COMMON STOCK                    | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               |  | US        |     934993 | NS      | $26133054.35  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Halyk Bank of Kazakhstan Joint Stock Company               | HALYK SAVINGS BANK-GDR REG S DEPOSITARY RECEIPT    | CUSIP: 46627J302<br>LEI: 213800NYDTVQM4SDUD67 | Long             | EC               |  | GB        |     129785 | NS      | $4451625.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK VTB PAO                                               | VTB BANK PJSC COMMON STOCK                         | CUSIP: N/A<br>LEI: 253400V1H6ART1UQ0N98       | Long             | EC               |  | RU        |    2329481 | NS      | $849848.86    | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| IVANHOE MINES LTD.                                         | IVANHOE MINES LTD-CL A COMMON STOCK                | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               |  | CA        |    1368435 | NS      | $11081668.94  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SIBANYE STILLWATER LIMITED                                 | SIBANYE STILLWATER LTD COMMON STOCK                | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               |  | ZA        |    1902814 | NS      | $5688612.98   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| INPEX CORPORATION                                          | INPEX CORP COMMON STOCK                            | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               |  | JP        |     296900 | NS      | $7740236.58   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                             | KT CORP COMMON STOCK                               | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               |  | KR        |     212507 | NS      | $8755064.09   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY WINE ESTATES LIMITED                              | TREASURY WINE ESTATES LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 529900LVOPJGAX6ILK66       | Long             | EC               |  | AU        |     924006 | NS      | $2904187.73   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA ELECTRIC POWER CORPORATION                           | KOREA ELECTRIC POWER CORP COMMON STOCK             | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               |  | KR        |     385290 | NS      | $11544009.46  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kamigumi Co.,Ltd.                                          | KAMIGUMI CO LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 3538004KUWA3850MUC05       | Long             | EC               |  | JP        |     118300 | NS      | $3909858.06   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIA Energia S.A.                                          | AXIA ENERGIA COMMON STOCK                          | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               |  | BR        |     115770 | NS      | $1384521.71   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VALTERRA PLATINUM LIMITED                                  | VALTERRA PLATINUM LIMITED COMMON STOCK             | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               |  | ZA        |     434771 | NS      | $35017766.07  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANK RUSSELL SEC/BROADCORT CAP CLEARING                   | Spot FX Contract: JPY/USD SETTLE 2026-05-01        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |          1 | NC      | $3312.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LIMITED                           | IMPALA PLATINUM HOLDINGS LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               |  | ZA        |    1283087 | NS      | $17985094.14  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                                               | NUTRIEN LTD COMMON STOCK                           | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               |  | US        |     179956 | NS      | $13676656.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Indofood Sukses Makmur Tbk                              | INDOFOOD SUKSES MAKMUR TBK P COMMON STOCK          | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               |  | ID        |    8256800 | NS      | $3219722.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                      | VODAFONE GROUP PLC COMMON STOCK                    | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               |  | GB        |    4878643 | NS      | $7762624.77   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint stock company National atomic company Kazatomprom    | NAC KAZATOMPROM JSC-144A DEPOSITARY RECEIPT        | CUSIP: 63253R102<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               |  | GB        |     141813 | NS      | $12539157.65  | 1.33%             |  |  |  | Yes           |                  1 | On Loan: No      |
| West Japan Railway Company                                 | WEST JAPAN RAILWAY CO COMMON STOCK                 | CUSIP: N/A<br>LEI: 353800QGUXHZ7EBCR121       | Long             | EC               |  | JP        |     498000 | NS      | $9014592.39   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MOSKOVSKAYA BIRZHA MMVB-RTS PAO                            | MOSCOW EXCHANGE MICEX-RTS PJ COMMON STOCK          | CUSIP: N/A<br>LEI: 253400M5M1222KPNWE87       | Long             | EC               |  | RU        |    5746159 | NS      | $3853644.86   | 0.41%             |  |  |  | No            |                  3 | On Loan: No      |
| K+S Aktiengesellschaft                                     | K+S AG-REG COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               |  | DE        |    1398096 | NS      | $26156787.13  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZPROM PAO                                                | GAZPROM PJSC COMMON STOCK                          | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               |  | RU        |    8122810 | NS      | $3930161.20   | 0.42%             |  |  |  | No            |                  3 | On Loan: No      |
| Orbia Advance Corporation S.A.B. de CV                     | ORBIA ADVANCE CORP SAB DE CV COMMON STOCK          | CUSIP: N/A<br>LEI: 549300MVHZ20SBIOEQ79       | Long             | EC               |  | MX        |    2393900 | NS      | $2854563.19   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL'NAYA GIDROGENERIRUYUSHCHAYA KOMPANIYA RUSGIDRO PAO | RUSHYDRO PJSC COMMON STOCK                         | CUSIP: N/A<br>LEI: 2534005TJN9DX4YWVT97       | Long             | EC               |  | RU        |  991278397 | NS      | $1559329.19   | 0.17%             |  |  |  | No            |                  3 | On Loan: No      |
| SINOPHARM GROUP CO. LTD.                                   | SINOPHARM GROUP CO-H COMMON STOCK                  | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               |  | HK        |     544800 | NS      | $1295949.93   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| China Communications Services Corporation Limited          | CHINA COMMUNICATIONS SERVI-H COMMON STOCK          | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               |  | HK        |   14743000 | NS      | $8110153.95   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MAN GROUP PLC                                              | MAN GROUP PLC/JERSEY COMMON STOCK                  | CUSIP: N/A<br>LEI: 2549003YWC1DW6LALB09       | Long             | EC               |  | GB        |     588791 | NS      | $2034477.26   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DL E&C CO., LTD.                                           | DL E&C CO LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 988400UU0MCCBS1YP242       | Long             | EC               |  | KR        |     103646 | NS      | $6986535.67   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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