# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0001752724-25-211019
**Filing Date:** 2025-8
**Character Count:** 21359
**Document Hash:** fe914bf699164169d42609a22a30a194
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211019.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211019

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251269940

**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            |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **CULLEN** <br> **ENHANCED EQUITY INCOME ETF**<br> **JUNE 30, 2025**<br> **(Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** |  |  |
| **COMMON STOCK — 98.8%** |  |  |
|  | Shares | Value |
| **Communication Services — 9.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T | 24782 | $717191 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 20702 | 738854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 20380 | 881843 |
|  |  | 2337888 |
| **Consumer Discretionary — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Genuine Parts | 3783 | 458916 |
| **Consumer Staples — 15.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group | 15322 | 898329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Conagra Brands | 32064 | 656350 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kenvue | 34206 | 715932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Keurig Dr Pepper | 24215 | 800548 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sysco | 10088 | 764065 |
|  |  | 3835224 |
| **Energy — 10.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 9368 | 840684 |
| &nbsp;&nbsp;&nbsp;&nbsp;EOG Resources | 7876 | 942048 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | 6902 | 744036 |
|  |  | 2526768 |
| **Financials — 14.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America (a) | 16034 | 758729 |
| &nbsp;&nbsp;&nbsp;&nbsp;Citigroup (a) | 10302 | 876906 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 2112 | 612290 |
| &nbsp;&nbsp;&nbsp;&nbsp;PNC Financial Services Group | 2526 | 470897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Truist Financial (a) | 17965 | 772315 |
|  |  | 3491137 |
| **Health Care — 12.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Baxter International | 21789 | 659771 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 15055 | 696896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Medtronic PLC | 11654 | 1015879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck and Company Inc (a) | 9951 | 787721 |
|  |  | 3160267 |
| **Industrials — 9.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;General Dynamics | 1794 | 523238 |
| &nbsp;&nbsp;&nbsp;&nbsp;Norfolk Southern | 1217 | 311516 |
| &nbsp;&nbsp;&nbsp;&nbsp;PACCAR | 8124 | 772267 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service, Cl B | 7266 | 733430 |
|  |  | 2340451 |
| **Information Technology — 7.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 14534 | 1008369 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines | 2733 | 805634 |
|  |  | 1814003 |
| **Materials — 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PPG Industries | 5884 | 669305 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rio Tinto PLC ADR (a) | 7800 | 454974 |
|  |  | 1124279 |
| **Real Estate — 6.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Healthpeak Properties ‡(a) | 37363 | 654226 |
| &nbsp;&nbsp;&nbsp;&nbsp;VICI Properties, Cl A ‡ | 29326 | 956028 |
|  |  | 1610254 |
| **Utilities — 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy | 7250 | 855500 |
| &nbsp;&nbsp;&nbsp;&nbsp;PPL | 26327 | 892222 |
|  |  | 1747722 |
| **Total Common Stock** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $24,295,138) |  | 24446909 |
| **Total Investments - 98.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $24,295,138) |  | $24446909 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **CULLEN** <br> **ENHANCED EQUITY INCOME ETF**<br> **JUNE 30, 2025**<br> **(Unaudited)** |

---

---

| | |
|:---|:---|
| **WRITTEN OPTIONS — (0.1)%** | |
|  |<br>**Value** |
| &nbsp;&nbsp;&nbsp;Total Written Options |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Premiums Received $26,172) | $(36631) |

---

A list of open exchange traded options contracts for the Fund at June 30, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Number of<br> Contracts | Notional<br> Amount | Exercise<br> Price | Expiration<br> Date | Value |
| WRITTEN OPTIONS — (0.1)% |  |  |  |  |  |
| Call Options |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America | (79) | $(373828) | $49 | 07/18/25 | $(4108) |
| &nbsp;&nbsp;&nbsp;&nbsp;Citigroup | (48) | (408576) | 85 | 07/18/25 | (11904) |
| &nbsp;&nbsp;&nbsp;&nbsp;Healthpeak Properties | (168) | (294168) | 17.5 | 07/18/25 | (5040) |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck and Company Inc | (46) | (364136) | 85 | 07/18/25 | (1288) |
| &nbsp;&nbsp;&nbsp;&nbsp;Rio Tinto PLC ADR | (38) | (221654) | 60 | 07/18/25 | (2090) |
| &nbsp;&nbsp;&nbsp;&nbsp;Truist Financial | (83) | (356817) | 42.5 | 07/18/25 | (12201) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Written Options |  | $(2019179) |  |  | $(36631) |

---

Percentages are based on Net Assets of $24,735,416.

&nbsp;&nbsp;&nbsp;&nbsp;‡ Real
 Estate Investment Trust.

&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 or a portion of these securities has been pledged and/or segregated as collateral for
 written options contracts. The Fair Value of the securities pledged as collateral is
 $2,019,179.

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

CUL-QH-001-0300

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND II

- **b. Investment Company Act file number:** 811-07102

- **c. CIK number of Registrant:** 0000890540

- **d. LEI of Registrant:** 549300OEHDTB2ALCAX69

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

**Item A.2. Information about the Series.**

- **a. Name of Series:** 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:** 2025-06-30

**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:** $24784999.89

**Total Liabilities:** $49584.33

**Net Assets:** $24735415.56

**Cash Not Reported:** $264945.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248488 | 2.95%                | 0.93%                | -4.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-89777.62               | $677672.07                                 |
| Month 2  | $45374.98                | $57323.80                                  |
| Month 3  | $-160634.61              | $-845960.36                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Altria Group, Inc.                          | ALTRIA GROUP INC COMMON STOCK             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |     15322 | NS      | $898328.86    | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                   | AT&T INC COMMON STOCK                     | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |     24782 | NS      | $717191.08    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                 | BAC US 07/18/25 C49 SHORT                 | CUSIP: 3YC996XE3<br>LEI: 9DJT3UXIJIZJI4WXO774 | N/A              | DE               |  | US        |       -79 | NC      | $-4108.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                 | BANK OF AMERICA CORP COMMON STOCK         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               |  | US        |     16034 | NS      | $758728.88    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BAXTER INTERNATIONAL INC.                   | BAXTER INTERNATIONAL INC COMMON STOCK     | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               |  | US        |     21789 | NS      | $659770.92    | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                     | BRISTOL-MYERS SQUIBB CO COMMON STOCK      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |     15055 | NS      | $696895.95    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | C US 07/18/25 C85 SHORT                   | CUSIP: N/A<br>LEI: 6SHGI4ZSSLCXXQSBB395       | N/A              | DE               |  | US        |       -48 | NC      | $-11904.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                         | CISCO SYSTEMS INC COMMON STOCK            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     14534 | NS      | $1008368.92   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | CITIGROUP INC COMMON STOCK                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |     10302 | NS      | $876906.24    | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                         | COMCAST CORP-CLASS A COMMON STOCK         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     20702 | NS      | $738854.38    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                        | CONAGRA BRANDS INC COMMON STOCK           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               |  | US        |     32064 | NS      | $656350.08    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                              | CONOCOPHILLIPS COMMON STOCK               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               |  | US        |      9368 | NS      | $840684.32    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                 | DOC US 07/18/25 C17.5 SHORT               | CUSIP: 3QG9902D5<br>LEI: 254900M6MTMZM0I22L81 | N/A              | DE               |  | US        |      -168 | NC      | $-5040.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                     | DUKE ENERGY CORP COMMON STOCK             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               |  | US        |      7250 | NS      | $855500.00    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                         | EOG RESOURCES INC COMMON STOCK            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |      7876 | NS      | $942048.36    | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                     | EXXON MOBIL CORP COMMON STOCK             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      6902 | NS      | $744035.60    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORPORATION                | GENERAL DYNAMICS CORP COMMON STOCK        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               |  | US        |      1794 | NS      | $523238.04    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS COMPANY                       | GENUINE PARTS CO COMMON STOCK             | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               |  | US        |      3783 | NS      | $458915.73    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                 | HEALTHPEAK PROPERTIES INC REIT            | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |     37363 | NS      | $654226.13    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | INTL BUSINESS MACHINES CORP COMMON STOCK  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      2733 | NS      | $805633.74    | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                        | JPMORGAN CHASE & CO COMMON STOCK          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |      2112 | NS      | $612289.92    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                 | KENVUE INC COMMON STOCK                   | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               |  | US        |     34206 | NS      | $715931.58    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                       | KEURIG DR PEPPER INC COMMON STOCK         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               |  | US        |     24215 | NS      | $800547.90    | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY            | MEDTRONIC PLC COMMON STOCK                | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               |  | US        |     11654 | NS      | $1015879.18   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                           | MERCK & CO. INC. COMMON STOCK             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |      9951 | NS      | $787721.16    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                           | MRK US 07/18/25 C85 SHORT                 | CUSIP: N/A<br>LEI: 4YV9Y5M8S0BRK1RP0397       | N/A              | DE               |  | US        |       -46 | NC      | $-1288.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                | NORFOLK SOUTHERN CORP COMMON STOCK        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               |  | US        |      1217 | NS      | $311515.49    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                  | PACCAR INC COMMON STOCK                   | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               |  | US        |      8124 | NS      | $772267.44    | 3.12%             |  |  |  | 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        |      2526 | NS      | $470896.92    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES, INC.                        | PPG INDUSTRIES INC COMMON STOCK           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               |  | US        |      5884 | NS      | $669305.00    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                             | PPL CORP COMMON STOCK                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               |  | US        |     26327 | NS      | $892222.03    | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO PLC                               | RIO TINTO PLC-SPON ADR DEPOSITARY RECEIPT | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               |  | US        |      7800 | NS      | $454974.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO PLC                               | RIO US 07/18/25 C60 SHORT                 | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | N/A              | DE               |  | US        |       -38 | NC      | $-2090.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                           | SYSCO CORP COMMON STOCK                   | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               |  | US        |     10088 | NS      | $764065.12    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | TFC US 07/18/25 C42.5 SHORT               | CUSIP: 45199BMP3<br>LEI: 549300DRQQI75D2JP341 | N/A              | DE               |  | US        |       -83 | NC      | $-12201.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | TRUIST FINANCIAL CORP COMMON STOCK        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               |  | US        |     17965 | NS      | $772315.35    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                 | UNITED PARCEL SERVICE-CL B COMMON STOCK   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               |  | US        |      7266 | NS      | $733430.04    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                 | VERIZON COMMUNICATIONS INC COMMON STOCK   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     20380 | NS      | $881842.60    | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC.                        | VICI PROPERTIES INC REIT                  | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     29326 | NS      | $956027.60    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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