# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-26-004378
**Filing Date:** 2026-5
**Character Count:** 30907
**Document Hash:** 2c597e7dc69b4f6cbbf62c37bd1fa0c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-004378.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002048251-26-004378

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261030725

**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

### Vontobel U.S. Equity Fund (Series ID: S000087836)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000253849 | A Shares     | VNUAX           |
| C000253850 | Y Shares     | VNUYX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL** |
|  | **INTERNATIONAL EQUITY FUND** |
|  | **MARCH 31, 2026** |
|  | **(Unaudited)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK — 94.8%**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **CANADA — 11.0%** |  |  |
| &nbsp;&nbsp;**Energy — 8.2%** |  |  |
| &nbsp;&nbsp;Enbridge | 86330 | $4679854 |
| &nbsp;&nbsp;TC Energy | 85763 | 5370437 |
|  |  | 10050291 |
| &nbsp;&nbsp;**Financials — 2.3%** |  |  |
| &nbsp;&nbsp;Intact Financial | 4721 | 855488 |
| &nbsp;&nbsp;Royal Bank of Canada | 12539 | 2027008 |
|  |  | 2882496 |
| &nbsp;&nbsp;**Information Technology — 0.5%** |  |  |
| &nbsp;&nbsp;Constellation Software | 334 | 586317 |
|  |  | 13519104 |
| **CHINA — 0.3%** |  |  |
| &nbsp;&nbsp;**Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;Tencent Holdings | 5532 | 348916 |
| **FRANCE — 3.7%** |  |  |
| &nbsp;&nbsp;**Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;Hermes International | 63 | 119345 |
| &nbsp;&nbsp;**Consumer Staples — 0.4%** |  |  |
| &nbsp;&nbsp;L'Oreal | 1019 | 416050 |
| &nbsp;&nbsp;**Industrials — 0.5%** |  |  |
| &nbsp;&nbsp;Safran | 1863 | 609631 |
| &nbsp;&nbsp;**Materials — 2.7%** |  |  |
| &nbsp;&nbsp;Air Liquide | 16231 | 3354939 |
|  |  | 4499965 |
| **GERMANY — 9.0%** |  |  |
| &nbsp;&nbsp;**Financials — 4.9%** |  |  |
| &nbsp;&nbsp;Deutsche Boerse | 20803 | 6094172 |
| &nbsp;&nbsp;**Industrials — 4.1%** |  |  |
| &nbsp;&nbsp;Rheinmetall | 366 | 617367 |
| &nbsp;&nbsp;Siemens Energy | 25435 | 4386276 |
|  |  | 5003643 |
|  |  | 11097815 |
| **HONG KONG — 2.9%** |  |  |
| &nbsp;&nbsp;**Financials — 2.9%** |  |  |
| &nbsp;&nbsp;AIA Group | 324600 | 3606737 |
| **ITALY — 4.3%** |  |  |
| &nbsp;&nbsp;**Consumer Discretionary — 0.2%** |  |  |
| &nbsp;&nbsp;Ferrari | 882 | 299268 |
| &nbsp;&nbsp;**Utilities — 4.1%** |  |  |
| &nbsp;&nbsp;Terna - Rete Elettrica Nazionale | 434669 | 4971512 |
|  |  | 5270780 |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **JAPAN — 12.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Capcom | 86446 | $1826771 |
| &nbsp;&nbsp;&nbsp;**Financials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Mizuho Financial Group | 30392 | 1230382 |
| &nbsp;&nbsp;&nbsp;**Health Care — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Hoya | 19587 | 3395611 |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Fujikura | 109092 | 3000252 |
| &nbsp;&nbsp;&nbsp;Hitachi | 25000 | 733387 |
|  |  | 3733639 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Disco | 10993 | 4480563 |
| &nbsp;&nbsp;&nbsp;NEC | 11500 | 286156 |
|  |  | 4766719 |
|  |  | 14953122 |
| **NETHERLANDS — 7.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Coca-Cola Europacific Partners | 53892 | 4886388 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;ASML Holding | 3450 | 4587682 |
|  |  | 9474070 |
| **NORWAY — 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Kongsberg Gruppen | 100483 | 4288541 |
| **SINGAPORE — 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Singapore Technologies Engineering | 667425 | 5664593 |
| **SOUTH KOREA — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;HD Hyundai Electric | 5474 | 3102051 |
| **SWEDEN — 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Beijer Ref, Cl B | 8736 | 121108 |
| &nbsp;&nbsp;&nbsp;Lifco, Cl B | 3973 | 120193 |
| &nbsp;&nbsp;&nbsp;Sandvik | 112030 | 4306641 |
|  |  | 4547942 |
| **SWITZERLAND — 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**Health Care — 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Galderma Group | 22540 | 4429872 |
| &nbsp;&nbsp;&nbsp;Lonza Group | 2378 | 1525531 |
|  |  | 5955403 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL** |
|  | **INTERNATIONAL EQUITY FUND** |
|  | **MARCH 31, 2026** |
|  | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  | Shares | Value |
| **TAIWAN — 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 21531 | $7276401 |
| **UNITED KINGDOM — 11.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Games Workshop Group | 11096 | 2623043 |
| &nbsp;&nbsp;&nbsp;**Financials — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Lloyds Banking Group | 1161795 | 1439960 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;RELX | 26109 | 855387 |
| &nbsp;&nbsp;&nbsp;Weir Group | 3233 | 121246 |
|  |  | 976633 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Halma | 71362 | 3641635 |
| &nbsp;&nbsp;&nbsp;**Utilities — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;National Grid | 290084 | 4896614 |
|  |  | 13577885 |
| **UNITED STATES — 7.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Liberty Media - Liberty Formula One, Cl C \* | 4394 | 373578 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 28892 | 4777003 |
| &nbsp;&nbsp;&nbsp;**Financials — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Aon, Cl A | 7240 | 2336927 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Ferrovial | 9438 | 614006 |
| &nbsp;&nbsp;&nbsp;RB Global | 13406 | 1284965 |
|  |  | 1898971 |
|  |  | 9386479 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $106,529,639) |  | 116569804 |
| TOTAL INVESTMENTS — 94.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $106,529,639) |  | $116569804 |

---

*Percentages are based on Net Assets of $122,933,555.* 

*\** *Non-income producing security.*

VON-QH-001-0400

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL** |
|  | **GLOBAL EQUITY FUND** |
|  | **MARCH 31, 2026** |
|  | **(Unaudited)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK — 94.3%**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **CHINA — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Tencent Holdings | 5700 | $359513 |
| **FRANCE — 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Hermes International | 106 | 200802 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;L'Oreal | 493 | 201288 |
| &nbsp;&nbsp;&nbsp;**Health Care — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;EssilorLuxottica | 1409 | 328334 |
| &nbsp;&nbsp;&nbsp;**Materials — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Liquide | 1900 | 392729 |
|  |  | 1123153 |
| **GERMANY — 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Siemens Energy | 5139 | 886223 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;SAP | 708 | 120702 |
|  |  | 1006925 |
| **HONG KONG — 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;AIA Group | 95600 | 1062243 |
| **INDIA — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;ICICI Bank | 16854 | 216359 |
| **ITALY — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Ferrari | 1833 | 621947 |
| **JAPAN — 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Capcom | 15500 | 327545 |
| &nbsp;&nbsp;&nbsp;**Health Care — 4.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Hoya | 5000 | 866802 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Disco | 500 | 203792 |
|  |  | 1398139 |
| **SWITZERLAND — 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Health Care — 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Galderma Group | 6232 | 1224799 |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **SWITZERLAND — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Lonza Group | 428 | $274570 |
|  |  | 1499369 |
| **TAIWAN — 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 3864 | 1305839 |
| **UNITED KINGDOM — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;RELX | 6211 | 203486 |
| **UNITED STATES — 52.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 10.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 1518 | 435453 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 10406 | 1000537 |
| &nbsp;&nbsp;&nbsp;TKO Group Holdings, Cl A | 3455 | 696701 |
|  |  | 2132691 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 1442 | 300325 |
| &nbsp;&nbsp;&nbsp;AutoZone \* | 96 | 324267 |
| &nbsp;&nbsp;&nbsp;TJX | 4535 | 724240 |
|  |  | 1348832 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Casey's General Stores | 580 | 422159 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 7533 | 572885 |
|  |  | 995044 |
| &nbsp;&nbsp;&nbsp;**Energy — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Kinder Morgan | 15365 | 515188 |
| &nbsp;&nbsp;&nbsp;**Financials — 7.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Aon, Cl A | 1271 | 410253 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 3160 | 933306 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 407 | 203362 |
|  |  | 1546921 |
| &nbsp;&nbsp;&nbsp;**Health Care — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 1014 | 104107 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 7288 | 457322 |
|  |  | 561429 |
| &nbsp;&nbsp;&nbsp;**Industrials — 8.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Cintas | 2232 | 377520 |
| &nbsp;&nbsp;&nbsp;Ferguson Enterprises | 722 | 168414 |
| &nbsp;&nbsp;&nbsp;General Electric | 898 | 254825 |
| &nbsp;&nbsp;&nbsp;RB Global | 3774 | 361738 |
| &nbsp;&nbsp;&nbsp;Uber Technologies \* | 872 | 62723 |
| &nbsp;&nbsp;&nbsp;Waste Management | 2435 | 559539 |
|  |  | 1784759 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 2288 | 289089 |
| &nbsp;&nbsp;&nbsp;Broadcom | 1744 | 539785 |
| &nbsp;&nbsp;&nbsp;Intuit | 346 | 149604 |
| &nbsp;&nbsp;&nbsp;Microsoft | 1056 | 390899 |
|  |  | 1369377 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL** |
|  | **GLOBAL EQUITY FUND** |
|  | **MARCH 31, 2026** |
| | **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  | Shares | Value |
| **UNITED STATES — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Materials — 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Ecolab | 1437 | $382271 |
| &nbsp;&nbsp;&nbsp;Sherwin-Williams | 600 | 192330 |
| &nbsp;&nbsp;&nbsp;Vulcan Materials | 1534 | 417708 |
|  |  | 992309 |
|  |  | 11246550 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $18,637,165) |  | 20043523 |
| TOTAL INVESTMENTS — 94.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $18,637,165) |  | $20043523 |

---

*Percentages are based on Net Assets of $21,246,812.*

*\** *Non-income producing security.*

VON-QH-001-0400

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL** |
|  | **U.S. EQUITY FUND** |
|  | **MARCH 31, 2026** |
|  | **(Unaudited)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK — 96.9%**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Communication Services — 10.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 533 | $153270 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 146 | 83531 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 423 | 40671 |
|  |  | 277472 |
| **Consumer Discretionary — 8.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 773 | 160993 |
| &nbsp;&nbsp;&nbsp;AutoZone \* | 19 | 64178 |
|  |  | 225171 |
| **Consumer Staples — 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Casey's General Stores | 115 | 83704 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 757 | 57570 |
|  |  | 141274 |
| **Financials — 14.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Aon, Cl A | 140 | 45189 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 284 | 83879 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange | 702 | 110411 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 207 | 103430 |
| &nbsp;&nbsp;&nbsp;Progressive | 288 | 57093 |
|  |  | 400002 |
| **Health Care — 11.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 527 | 54107 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 1723 | 108118 |
| &nbsp;&nbsp;&nbsp;IQVIA Holdings \* | 256 | 43658 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | 143 | 70289 |
| &nbsp;&nbsp;&nbsp;Zoetis, Cl A | 242 | 28607 |
|  |  | 304779 |
| **Industrials — 18.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Allegion | 400 | 58116 |
| &nbsp;&nbsp;&nbsp;Cintas | 235 | 39748 |
| &nbsp;&nbsp;&nbsp;Copart \* | 822 | 27290 |
| &nbsp;&nbsp;&nbsp;Emerson Electric | 434 | 56863 |
| &nbsp;&nbsp;&nbsp;Ferguson Enterprises | 327 | 76276 |
| &nbsp;&nbsp;&nbsp;RB Global | 846 | 81089 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 134 | 32511 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 135 | 25616 |
| &nbsp;&nbsp;&nbsp;Waste Management | 542 | 124546 |
|  |  | 522055 |
| **Information Technology — 21.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Akamai Technologies \* | 471 | 54094 |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 379 | 47887 |
| &nbsp;&nbsp;&nbsp;Autodesk \* | 180 | 43092 |
| &nbsp;&nbsp;&nbsp;Intuit | 276 | 119337 |
| &nbsp;&nbsp;&nbsp;Microsoft | 471 | 174350 |
| &nbsp;&nbsp;&nbsp;ServiceNow \* | 535 | 55934 |
| &nbsp;&nbsp;&nbsp;Synopsys \* | 190 | 75331 |
| &nbsp;&nbsp;&nbsp;Workday, Cl A \* | 258 | 33520 |
|  |  | 603545 |
| **Materials — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;CRH | 718 | 75476 |
| &nbsp;&nbsp;&nbsp;Vulcan Materials | 132 | 35944 |
|  |  | 111420 |
| **Real Estate — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;American Tower ‡ | 155 | 26750 |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| &nbsp;&nbsp;&nbsp;Iron Mountain ‡ | 804 | $82120 |
|  |  | 108870 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,911,989) |  | 2694588 |
| TOTAL INVESTMENTS — 96.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,911,989) |  | $2694588 |

---

*Percentages are based on Net Assets of $2,781,810.*

*\** *Non-income producing security.*

*‡* *Real Estate Investment Trust* 

VON-QH-002-0300

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL** |
|  | **MARCH 31, 2026** |
|  | **(Unaudited)** |

---

**GLOSSARY: (abbreviations which may be used in the preceding Schedules of Investments)**

*ADR — American Depositary Receipt* 

*Cl — Class*

## 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:** Vontobel U.S. Equity

- **b. EDGAR series identifier (if any):** S000087836

- **c. LEI of Series:** 254900JWUX4BV9ZNPB77

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

- **a. Date of fiscal year-end:** 2026-12-31

- **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:** $2785202.82

**Total Liabilities:** $3822.05

**Net Assets:** $2781380.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253850 | -6.42%               | -3.24%               | -0.27%               |
| Class ID C000253849 | -6.48%               | -3.01%               | -0.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $285982.01               | $-455777.12                                |
| Month 2  | $225490.31               | $-355473.00                                |
| Month 3  | $151738.05               | $-166530.50                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NETFLIX, INC.                         | NETFLIX INC COMMON STOCK                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               |  | US        |       379 | NS      | $36440.85     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC.                           | ZOETIS INC COMMON STOCK                   | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               |  | US        |       217 | NS      | $25651.57     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS, INC.                        | SYNOPSYS INC COMMON STOCK                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               |  | US        |       170 | NS      | $67401.60     | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                  | AMPHENOL CORP-CL A COMMON STOCK           | CUSIP: N/A<br>LEI: 549300D3L3G0R4U4VT04       | Long             | EC               |  | US        |       339 | NS      | $42832.65     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.       | INTERCONTINENTAL EXCHANGE IN COMMON STOCK | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               |  | US        |       629 | NS      | $98929.12     | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                         | ALPHABET INC-CL A COMMON STOCK            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |       477 | NS      | $137166.12    | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                      | AMAZON.COM INC COMMON STOCK               | CUSIP: N/A<br>LEI: ZXTILKJKG63JELOEG630       | Long             | EC               |  | US        |       692 | NS      | $144122.84    | 5.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                        | CME GROUP INC COMMON STOCK                | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               |  | US        |       254 | NS      | $75018.90     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                 | COCA-COLA CO/THE COMMON STOCK             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               |  | US        |       678 | NS      | $51561.90     | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE, INC.                        | AUTOZONE INC COMMON STOCK                 | CUSIP: N/A<br>LEI: GA3JGKJ41LJKXDN23E90       | Long             | EC               |  | US        |        17 | NS      | $57422.26     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORPORATION         | BOSTON SCIENTIFIC CORP COMMON STOCK       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               |  | US        |      1543 | NS      | $96823.25     | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION           | PROGRESSIVE CORP COMMON STOCK             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               |  | US        |       258 | NS      | $51145.92     | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS COMPANY              | VULCAN MATERIALS CO COMMON STOCK          | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               |  | US        |       118 | NS      | $32131.40     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC.             | FERGUSON ENTERPRISES INC COMMON STOCK     | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               |  | US        |       293 | NS      | $68345.18     | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | BROWN BROTHERS HARRIMAN SWEEP INTEREST    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    335922 | PA      | $335922.19    | 12.08%            |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                 | MICROSOFT CORP COMMON STOCK               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |       422 | NS      | $156211.74    | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION PUBLIC LIMITED COMPANY       | ALLEGION PLC COMMON STOCK                 | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               |  | US        |       358 | NS      | $52013.82     | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA HOLDINGS INC                    | IQVIA HOLDINGS INC COMMON STOCK           | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               |  | US        |       229 | NS      | $39053.66     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED               | MASTERCARD INC - A COMMON STOCK           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |       186 | NS      | $92936.76     | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT, INC.                | WASTE MANAGEMENT INC COMMON STOCK         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               |  | US        |       485 | NS      | $111448.15    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                         | WORKDAY INC-CLASS A COMMON STOCK          | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               |  | US        |       231 | NS      | $30011.52     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED | THERMO FISHER SCIENTIFIC INC COMMON STOCK | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               |  | US        |       128 | NS      | $62915.84     | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                           | INTUIT INC COMMON STOCK                   | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               |  | US        |       247 | NS      | $106797.86    | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART, INC.                          | COPART INC COMMON STOCK                   | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               |  | US        |       736 | NS      | $24435.20     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global, Inc.                       | RB GLOBAL INC COMMON STOCK                | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               |  | US        |       758 | NS      | $72654.30     | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                | VERISK ANALYTICS INC COMMON STOCK         | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               |  | US        |       121 | NS      | $22959.75     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES, INC.             | AKAMAI TECHNOLOGIES INC COMMON STOCK      | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               |  | US        |       422 | NS      | $48466.70     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO.                  | EMERSON ELECTRIC CO COMMON STOCK          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               |  | US        |       389 | NS      | $50966.78     | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.          | CASEY'S GENERAL STORES INC COMMON STOCK   | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               |  | US        |       103 | NS      | $74969.58     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INCORPORATED            | IRON MOUNTAIN INC REIT                    | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |       720 | NS      | $73540.80     | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION            | AMERICAN TOWER CORP REIT                  | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |       139 | NS      | $23988.62     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                        | AUTODESK INC COMMON STOCK                 | CUSIP: N/A<br>LEI: FRKKVKAIQEF3FCSTPG55       | Long             | EC               |  | US        |       161 | NS      | $38543.40     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY            | CRH PLC COMMON STOCK                      | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               |  | US        |       643 | NS      | $67592.16     | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORPORATION             | UNION PACIFIC CORP COMMON STOCK           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               |  | US        |       120 | NS      | $29114.40     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                   | ABBOTT LABORATORIES COMMON STOCK          | CUSIP: N/A<br>LEI: HQD377W2YR662HK5JX27       | Long             | EC               |  | US        |       472 | NS      | $48460.24     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY            | AON PLC-CLASS A COMMON STOCK              | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               |  | US        |       125 | NS      | $40347.50     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                  | META PLATFORMS INC COMMON STOCK           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |       131 | NS      | $74949.03     | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORPORATION                    | CINTAS CORP COMMON STOCK                  | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               |  | US        |       210 | NS      | $35519.40     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                      | SERVICENOW INC COMMON STOCK               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |       479 | NS      | $50079.45     | 1.80%             |  |  |  | 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