# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-25-002936
**Filing Date:** 2025-11
**Character Count:** 16546
**Document Hash:** 05aaf740f438ba054ec7ac959029b919
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002936.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0002048251-25-002936

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**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:** 251533941

**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:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $34087382.47

**Total Liabilities:** $49592.63

**Net Assets:** $34037789.84

**Cash Not Reported:** $558559.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248488 | -1.56%               | 3.19%                | -0.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $83518.67                | $-791230.87                                |
| Month 2  | $-454266.26              | $1335032.32                                |
| Month 3  | $-80451.34               | $-327491.41                                |

**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        |      5489 | NS      | $1027376.13   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                | NORFOLK SOUTHERN CORP COMMON STOCK          | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               |  | US        |      2406 | NS      | $722786.46    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                        | JPMORGAN CHASE & CO COMMON STOCK            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |      2922 | NS      | $921686.46    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                     | EXXON MOBIL CORP COMMON STOCK               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      9196 | NS      | $1036849.00   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | TFC US 10/17/25 C48 SHORT                   | CUSIP: N/A<br>LEI: 549300DRQQI75D2JP341       | N/A              | DE               |  | US        |      -113 | NC      | $-2373.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                 | BAC US 10/17/25 C55 SHORT                   | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | N/A              | DE               |  | US        |      -111 | NC      | $-2997.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                         | EOG RESOURCES INC COMMON STOCK              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |     10904 | NS      | $1222556.48   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                             | PPL CORP COMMON STOCK                       | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               |  | US        |     33473 | NS      | $1243856.68   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                 | UNITED PARCEL SERVICE-CL B COMMON STOCK     | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               |  | US        |      8961 | NS      | $748512.33    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORPORATION                | GENERAL DYNAMICS CORP COMMON STOCK          | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               |  | US        |      2188 | NS      | $746108.00    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                 | KENVUE INC COMMON STOCK                     | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               |  | US        |     47355 | NS      | $768571.65    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                              | CONOCOPHILLIPS COMMON STOCK                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               |  | US        |     12966 | NS      | $1226453.94   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAGEO PLC                                  | DIAGEO PLC-SPONSORED ADR DEPOSITARY RECEIPT | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               |  | US        |      9703 | NS      | $925957.29    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                           | MERCK & CO. INC. COMMON STOCK               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |     13774 | NS      | $1156051.82   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | INTL BUSINESS MACHINES CORP COMMON STOCK    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      3783 | NS      | $1067411.28   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY     | SMURFIT WESTROCK PLC COMMON STOCK           | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               |  | US        |     14731 | NS      | $627098.67    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                           | SYSCO CORP COMMON STOCK                     | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               |  | US        |     13971 | NS      | $1150372.14   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                       | KEURIG DR PEPPER INC COMMON STOCK           | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               |  | US        |     33526 | NS      | $855248.26    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES, INC.                        | PPG INDUSTRIES INC COMMON STOCK             | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               |  | US        |      8147 | NS      | $856331.17    | 2.52%             |  |  |  | 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        |      3501 | NS      | $703455.93    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE INC.                                    | BCE INC COMMON STOCK                        | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               |  | US        |     39761 | NS      | $930009.79    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY            | MEDTRONIC PLC COMMON STOCK                  | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               |  | US        |     14807 | NS      | $1410218.68   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                       | GENUINE PARTS CO COMMON STOCK               | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               |  | US        |      5238 | NS      | $725986.80    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                         | CISCO SYSTEMS INC COMMON STOCK              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     20125 | NS      | $1376952.50   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                        | VICI PROPERTIES INC REIT                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     40600 | NS      | $1323966.00   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                  | PCAR US 10/17/25 C100 SHORT                 | CUSIP: 29399KXL2<br>LEI: KDTEY8BWE486IKZ3CC07 | N/A              | DE               |  | US        |       -57 | NC      | $-10260.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                  | PACCAR INC COMMON STOCK                     | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               |  | US        |     11244 | NS      | $1105510.08   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                         | COMCAST CORP-CLASS A COMMON STOCK           | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     28663 | NS      | $900591.46    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | CITIGROUP INC COMMON STOCK                  | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |      9835 | NS      | $998252.50    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                 | BANK OF AMERICA CORP COMMON STOCK           | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | Long             | EC               |  | US        |     22197 | NS      | $1145143.23   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | C US 10/17/25 C110 SHORT                    | CUSIP: N/A<br>LEI: 6SHGI4ZSSLCXXQSBB395       | N/A              | DE               |  | US        |       -50 | NC      | $-2800.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                     | DUKE ENERGY CORP COMMON STOCK               | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               |  | US        |     10038 | NS      | $1242202.50   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                     | DUK US 10/17/25 C125 SHORT                  | CUSIP: N/A<br>LEI: I1BZKREC126H0VB1BL91       | N/A              | DE               |  | US        |      -100 | NC      | $-12100.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | ALTRIA GROUP INC COMMON STOCK               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |     15437 | NS      | $1019768.22   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | TRUIST FINANCIAL CORP COMMON STOCK          | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               |  | US        |     22455 | NS      | $1026642.60   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                 | VERIZON COMMUNICATIONS INC COMMON STOCK     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     28210 | NS      | $1239829.50   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                       | GPC US 10/17/25 C145 SHORT                  | CUSIP: N/A<br>LEI: 549300D46DQVEU651W04       | N/A              | DE               |  | US        |       -52 | NC      | $-4160.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                | BRISTOL-MYERS SQUIBB CO COMMON STOCK        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |     20843 | NS      | $940019.30    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                 | HEALTHPEAK PROPERTIES INC REIT              | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |     54529 | NS      | $1044230.35   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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