# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0001752724-25-158139
**Filing Date:** 2025-6
**Character Count:** 59410
**Document Hash:** 234da1f814bb9ddb14ff06c7f09e6a72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-158139.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-158139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**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:** 251077241

**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 GLOBAL ALL-CAP FUND (Series ID: S000042718)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000132088 | CLASS A SHARES | KGGAX           |
| C000132089 | CLASS I SHARES | KGGIX           |

## 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 Global All-Cap Fund

- **b. EDGAR series identifier (if any):** S000042718

- **c. LEI of Series:** 549300WVQV7BIZZ6VA82

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $2253491980.11

**Total Liabilities:** $8030818.52

**Net Assets:** $2245461161.59

**Cash Not Reported:** $12431210.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000132088 | -2.98%               | 2.76%                | -5.31%               |
| Class ID C000132089 | 2.95%                | 9.12%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $73154449.34             | $-17496317.86                              |
| Month 2  | $22149745.23             | $104093833.34                              |
| Month 3  | $23916849.41             | $-25268785.80                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASTARTA HOLDING PLC                                                              | ASTARTA HOLDING PLC COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 724500R38HLH2G58KQ51       | Long             | EC               |  | PL        |      659000 | NS      | $9243939.63   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LX Holdings Corp.                                                                | LX HOLDINGS CORP COMMON STOCK                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     1065425 | NS      | $4907649.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST PACIFIC COMPANY LIMITED                                                    | FIRST PACIFIC CO COMMON STOCK                                                      | CUSIP: N/A<br>LEI: 254900VS1MDQSDM9DE09       | Long             | EC               |  | HK        |    14714000 | NS      | $9900579.64   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Ocean Co., Ltd.                                                              | PAN OCEAN CO LTD COMMON STOCK                                                      | CUSIP: N/A<br>LEI: 988400HGOJIHDWPIAT45       | Long             | EC               |  | KR        |     5157765 | NS      | $12136470.53  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MK LENTA PAO                                                                     | LENTA PLC DEPOSITARY RECEIPT                                                       | CUSIP: 52634T200<br>LEI: 213800OMCE8QATH73N15 | Long             | EC               |  | GB        |     6287850 | NS      | $6800309.78   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPPA LSR PAO                                                                   | LSR GROUP PJSC COMMON STOCK                                                        | CUSIP: N/A<br>LEI: 25340067LEEMJ79K8X43       | Long             | EC               |  | RU        |     1673664 | NS      | $4761369.97   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Siam Cement Public Company Limited                                           | SIAM CEMENT PUB CO-FOR REG COMMON STOCK                                            | CUSIP: N/A<br>LEI: 254900RMCZY0X6F2KB70       | Long             | EC               |  | TH        |     1032200 | NS      | $4932181.30   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| FRANK RUSSELL SEC/BROADCORT CAP CLEARING                                         | FX Forward Contract: ZAR/USD SETTLE 2025-05-02                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | ZA        |           1 | NC      | $5720.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | GABRIEL RESOURCES LTD RESTRICTED GABRIEL RESOURCES LTD RESTRICTED 4 MO (9/28/2021) | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | CA        |      347197 | NS      | $23925.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MHP SE                                                                           | MHP SE DEPOSITARY RECEIPT                                                          | CUSIP: 55302T204<br>LEI: 213800D7DXFXGA292757 | Long             | EC               |  | GB        |     3328568 | NS      | $16785698.81  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROAPI SA                                                                       | EUROAPI SASU COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 9695002FT7GGI3CKKJ14       | Long             | EC               |  | FR        |     3367352 | NS      | $10532281.92  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PALADIN ENERGY LTD                                                               | PALADIN ENERGY LTD COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               |  | CA        |      999875 | NS      | $3655425.79   | 0.16%             |  |  |  | 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        |    27952000 | NS      | $14557410.68  | 0.65%             |  |  |  | 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        |      456543 | NS      | $11090921.00  | 0.49%             |  |  |  | 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        |      616000 | NS      | $10814161.65  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                                                        | PAN AMER SILVER-CVR CONTINGENT VALUE RIGHTS                                        | CUSIP: 697900132<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               |  | CA        |     2385283 | NS      | $861802.61    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| K. WAH INTERNATIONAL HOLDINGS LIMITED                                            | K WAH INTL HOLDINGS COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 529900ZOP51K5LHLPK04       | Long             | EC               |  | HK        |     4442000 | NS      | $995232.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTTE CHEMICAL CORPORATION                                                       | LOTTE CHEMICAL CORP COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 988400TPNFJZDPI94Y56       | Long             | EC               |  | KR        |      265666 | NS      | $11269464.97  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S.A.                                          | QUIMICA Y MINERA CHIL-SP ADR DEPOSITARY RECEIPT                                    | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               |  | US        |      575318 | NS      | $19675875.60  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Puregold Price Club Inc                                                          | PUREGOLD PRICE CLUB INC COMMON STOCK                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | PH        |    15737300 | NS      | $9002000.45   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHRODERS PLC                                                                    | SCHRODERS PLC COMMON STOCK                                                         | CUSIP: G78602144<br>LEI: 2138001YYBULX5SZ2H24 | Long             | EC               |  | GB        |     5031442 | NS      | $22169330.32  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDSTORM GOLD LTD.                                                              | SANDSTORM GOLD LTD COMMON STOCK                                                    | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               |  | US        |      923629 | NS      | $8035572.30   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                                                                 | ROYAL GOLD INC COMMON STOCK                                                        | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               |  | US        |       25832 | NS      | $4719764.72   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KATO SANGYO CO., LTD.                                                            | KATO SANGYO CO LTD COMMON STOCK                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      240500 | NS      | $8413934.89   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINES LTD                                                                | IVANHOE MINES LTD-CL A COMMON STOCK                                                | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               |  | CA        |     1861833 | NS      | $16530419.21  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE S.A.                                                                        | VALE SA COMMON STOCK                                                               | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               |  | BR        |     2372623 | NS      | $22111843.82  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LIMITED                                                 | IMPALA PLATINUM HOLDINGS LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               |  | ZA        |    11440682 | NS      | $68039192.44  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Dynasty Minerals Ltd.                                                   | NORTHERN DYNASTY MINERALS COMMON STOCK                                             | CUSIP: 66510M204<br>LEI: 529900HEIYP56LE0EJ17 | Long             | EC               |  | CA        |     2873848 | NS      | $3293689.13   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Harim Holdings Co., Ltd.                                                         | HARIM HOLDINGS CO LTD COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 988400HGJVPRYCRSZI12       | Long             | EC               |  | KR        |       95987 | NS      | $403592.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAIS ELETRICAS BRASILEIRAS SA ELETROBRAS                                     | CENTRAIS ELETRICAS BRASILIER COMMON STOCK                                          | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               |  | BR        |     3691911 | NS      | $28565203.04  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                                                                     | CARREFOUR SA COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               |  | FR        |     1920196 | NS      | $29616518.99  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| West Japan Railway Company                                                       | WEST JAPAN RAILWAY CO COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 353800QGUXHZ7EBCR121       | Long             | EC               |  | JP        |      726200 | NS      | $15276339.97  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Department Store Co.,Ltd.                                                | HYUNDAI DEPT STORE CO COMMON STOCK                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      679039 | NS      | $28524610.58  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KYORIN Pharmaceutical Co., Ltd.                                                  | KYORIN PHARMACEUTICAL CO LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     2080100 | NS      | $21506929.56  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                                                              | NEWMONT CORP-CDI DEPOSITARY RECEIPT                                                | CUSIP: N/A<br>LEI: 549300VSP3RIX7FGDZ51       | Long             | EC               |  | AU        |      875555 | NS      | $46183734.94  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST RESOURCES LIMITED                                                          | FIRST RESOURCES LTD COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 5493007RRD817HUP4O49       | Long             | EC               |  | SG        |    15115900 | NS      | $17488833.59  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                                                      | BAIDU INC-CLASS A COMMON STOCK                                                     | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               |  | HK        |     3615100 | NS      | $39863779.39  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemak, S.A.B. de C.V.                                                            | NEMAK SAB DE CV COMMON STOCK                                                       | CUSIP: N/A<br>LEI: 5493000MY3DAIB0BP706       | Long             | EC               |  | MX        |    30437230 | NS      | $4438972.89   | 0.20%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HEMAS HOLDINGS PLC                                                               | HEMAS HOLDINGS PLC COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 254900TV1ZINS66XKY23       | Long             | EC               |  | LK        |    65748685 | NS      | $5345957.02   | 0.24%             |  |  |  | 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        |     7645000 | NS      | $886569.03    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                                                   | KT CORP COMMON STOCK                                                               | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               |  | KR        |      714316 | NS      | $26103087.94  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | IVANHOE ELECTRIC WARRANTS 2/14/2026 PNOTE                                          | CUSIP: 46578C116<br>LEI: N/A                  | Long             | SN               |  | US        |      215776 | PA      | $224407.04    | 0.01%             | 2026-02-14      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| CLOSE BROTHERS GROUP PLC                                                         | CLOSE BROTHERS GROUP PLC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 213800W73SYHR14I3X91       | Long             | EC               |  | GB        |     1924306 | NS      | $8368189.67   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| YOMA STRATEGIC HOLDINGS LTD.                                                     | YOMA STRATEGIC HLDGS LTD COMMON STOCK                                              | CUSIP: N/A<br>LEI: 529900WRBT4SP5D5ZN49       | Long             | EC               |  | SG        |    66818200 | NS      | $3530554.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                                            | VODAFONE GROUP PLC COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               |  | GB        |    26288489 | NS      | $25833565.99  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZPROM PAO                                                                      | GAZPROM PJSC COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               |  | RU        |    25899221 | NS      | $14267880.85  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDEN AGRI-RESOURCES LTD                                                        | GOLDEN AGRI-RESOURCES LTD COMMON STOCK                                             | CUSIP: N/A<br>LEI: 529900GAK9LTNC3IFY40       | Long             | EC               |  | SG        |   265609400 | NS      | $48824868.58  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REI AGRO LTD                                                                     | REI AGRO LTD 5.50%  11/13/2014                                                     | CUSIP: 74948PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |      723000 | PA      | $0.00         | 0.00%             | 2014-11-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PAX GLOBAL TECHNOLOGY LIMITED                                                    | PAX GLOBAL TECHNOLOGY LTD COMMON STOCK                                             | CUSIP: N/A<br>LEI: 5299008CRGPD1WZXCD36       | Long             | EC               |  | HK        |     7230000 | NS      | $4353857.23   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZUKEN CO.,LTD.                                                                 | SUZUKEN CO LTD COMMON STOCK                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      152300 | NS      | $5502238.49   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                    | FX Forward Contract: USD/ZAR SETTLE 2025-05-02                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |           1 | NC      | $435.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HANKOOK TIRE & TECHNOLOGY CO., LTD.                                              | HANKOOK TIRE & TECHNOLOGY CO COMMON STOCK                                          | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               |  | KR        |      191371 | NS      | $5558530.52   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S Aktiengesellschaft                                                           | K+S AG-REG COMMON STOCK                                                            | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               |  | DE        |     2697426 | NS      | $47048156.97  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                                                    | Samsung Electronics Co Ltd PREFERRED STOCK                                         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               |  | KR        |      164913 | NS      | $5443886.15   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PT United Tractors Tbk                                                           | UNITED TRACTORS TBK PT COMMON STOCK                                                | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               |  | ID        |     3515800 | NS      | $4804760.66   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chong Kun Dang Pharmaceutical Corp.                                              | CHONG KUN DANG PHARMACEUTICA COMMON STOCK                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      181161 | NS      | $10371509.42  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corporation                                                          | ARIS MINING CORP COMMON STOCK                                                      | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               |  | CA        |     3836621 | NS      | $20983695.30  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabriel Resources Ltd.                                                           | GABRIEL RESOURCES LTD COMMON STOCK                                                 | CUSIP: 361970502<br>LEI: 529900SJTRA2V9AI4361 | Long             | EC               |  | CA        |     5983906 | NS      | $412353.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INPEX CORPORATION                                                                | INPEX CORP COMMON STOCK                                                            | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               |  | JP        |      798700 | NS      | $9991337.19   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MHP SE                                                                           | MHP SE - GDR 144A DEPOSITARY RECEIPT                                               | CUSIP: 55302T105<br>LEI: 213800D7DXFXGA292757 | Long             | EC               |  | US        |       44627 | NS      | $225050.35    | 0.01%             |  |  |  | Yes           |                  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        | 17511927373 | NS      | $4463405.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Cake PLC                                                                  | YELLOW CAKE PLC COMMON STOCK                                                       | CUSIP: N/A<br>LEI: 213800CVMYUGOA9EZY95       | Long             | EC               |  | GB        |     3865383 | NS      | $22253656.32  | 0.99%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Joint stock company National atomic company Kazatomprom                          | NAC KAZATOMPROM JSC-GDR REGS DEPOSITARY RECEIPT                                    | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               |  | GB        |      492351 | NS      | $16437386.28  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                                                                     | NUTRIEN LTD COMMON STOCK                                                           | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               |  | US        |      190194 | NS      | $10850567.70  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL TOWER HILL MINES LTD.                                              | INTL TOWER HILL MINES LTD COMMON STOCK                                             | CUSIP: 46050R102<br>LEI: 529900QWPB33AJTGMU33 | Long             | EC               |  | US        |     6548183 | NS      | $4052670.46   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIENTAL HOLDINGS BHD                                                            | ORIENTAL HOLDINGS BERHAD COMMON STOCK                                              | CUSIP: N/A<br>LEI: 549300WBMDZXMUQT2I82       | Long             | EC               |  | MY        |     5799900 | NS      | $9390241.06   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Petroleum Exploration Co., Ltd.                                            | JAPAN PETROLEUM EXPLORATION COMMON STOCK                                           | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               |  | JP        |     1454700 | NS      | $10442337.40  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SEABRIDGE GOLD INC.                                                              | SEABRIDGE GOLD INC COMMON STOCK                                                    | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               |  | US        |     2761100 | NS      | $34320473.00  | 1.53%             |  |  |  | No            |                  1 | 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        |     9961400 | NS      | $3092888.76   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Holdings Corp.                                                                | GS HOLDINGS COMMON STOCK                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      801696 | NS      | $21799063.09  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | SPXW US 04/30/25 P6100 LONG                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         838 | NC      | $43668180.00  | 1.94%             |  |  |  | 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        |     1110803 | NS      | $37084718.00  | 1.65%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bear Creek Mining Corp                                                           | BEAR CREEK MINING CORP WT EXPIRATION: 10/05/28                                     | CUSIP: 07380N187<br>LEI: 549300C9IY653M7KMK88 | N/A              | DE               |  | CA        |     9126364 | NC      | $463401.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                    | FX Forward Contract: USD/ZAR SETTLE 2025-05-02                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |           1 | NC      | $3189.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DL E&C CO., LTD.                                                                 | DL E&C CO LTD COMMON STOCK                                                         | CUSIP: N/A<br>LEI: 988400UU0MCCBS1YP242       | Long             | EC               |  | KR        |     1030608 | NS      | $31500137.71  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ETALON GROUP PLC                                                                 | ETALON GROUP-GDR REG S DEPOSITARY RECEIPT                                          | CUSIP: 29760G103<br>LEI: 213800U2O9SKHOYSDY32 | Long             | EC               |  | GB        |    12219734 | NS      | $2700561.21   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LX INTERNATIONAL CORP.                                                           | LX INTERNATIONAL CORP COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 988400KZJVVPCZ6BC265       | Long             | EC               |  | KR        |      149371 | NS      | $2785875.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | NAK PRIV 12/18/2033 RATE 2.00 MATURITY DATE 12/11/2033                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     7108000 | PA      | $23857575.52  | 1.06%             | 2032-12-11      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Lebanese Company for Development and Reconstruction of Beirut Central District S | SOLIDERE-UNSPON ADR DEPOSITARY RECEIPT                                             | CUSIP: 522386507<br>LEI: N/A                  | Long             | EC               |  | US        |      174732 | NS      | $2285494.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA GAS HOLDINGS LIMITED                                                       | CHINA GAS HOLDINGS LTD COMMON STOCK                                                | CUSIP: N/A<br>LEI: 254900KTSZLZ21VV8T33       | Long             | EC               |  | HK        |     6248400 | NS      | $5649387.94   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                                             | PETROLEO BRASILEIRO SA PREFERRED STOCK                                             | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               |  | BR        |     2937500 | NS      | $15548928.22  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PHA Co., Ltd.                                                                    | PHA Co Ltd COMMON STOCK                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      478665 | NS      | $3332997.54   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA ELECTRIC POWER CORPORATION                                                 | KOREA ELECTRIC POWER CORP COMMON STOCK                                             | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               |  | KR        |     2346783 | NS      | $42324374.18  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ERAMET SA                                                                        | ERAMET COMMON STOCK                                                                | CUSIP: N/A<br>LEI: 549300LUH78PG2MP6N64       | Long             | EC               |  | FR        |      168214 | NS      | $9327164.35   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corporation                                                        | LUNDIN MINING CORP COMMON STOCK                                                    | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               |  | CA        |      835953 | NS      | $6839946.21   | 0.30%             |  |  |  | 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        |    44260679 | NS      | $9698142.76   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL'NAYA GIDROGENERIRUYUSHCHAYA KOMPANIYA RUSGIDRO PAO                       | RUSHYDRO PJSC COMMON STOCK                                                         | CUSIP: N/A<br>LEI: 2534005TJN9DX4YWVT97       | Long             | EC               |  | RU        |  6529118388 | NS      | $11099501.26  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHMORE GROUP PLC                                                                | ASHMORE GROUP PLC COMMON STOCK                                                     | CUSIP: N/A<br>LEI: 549300U3L59WB4YI2X12       | Long             | EC               |  | GB        |     4149799 | NS      | $8002504.33   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Dynasty Minerals Ltd.                                                   | NORTHERN DYNASTY MINERALS COMMON STOCK                                             | CUSIP: 66510M204<br>LEI: 529900HEIYP56LE0EJ17 | Long             | EC               |  | US        |     5740005 | NS      | $6601005.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Uranium Trust                                                    | SPROTT PHYSICAL URANIUM TR MUTUAL FUND                                             | CUSIP: 85210A104<br>LEI: N/A                  | Long             | EC               |  | CA        |     1918757 | NS      | $28643565.25  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | MAGIC LEAP INC CVT GABRIEL RESOURCES LTD RESTRICTED 4 MO (10/17/22)                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               |  | CA        |      496058 | NS      | $34183.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GLENCORE PLC                                                                     | GLENCORE PLC COMMON STOCK                                                          | CUSIP: G39420107<br>LEI: 2138002658CPO9NBH955 | Long             | EC               |  | GB        |     3125338 | NS      | $10247110.96  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Draegerwerk AG & Co. KGaA                                                        | Draegerwerk AG & Co KGaA PREFERRED STOCK                                           | CUSIP: N/A<br>LEI: 5493005UFVHY0PPNKD75       | Long             | EP               |  | DE        |      246742 | NS      | $16813039.24  | 0.75%             |  |  |  | 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        |     2069000 | NS      | $2844752.82   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SIBANYE STILLWATER LIMITED                                                       | SIBANYE STILLWATER LTD COMMON STOCK                                                | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               |  | ZA        |     5500091 | NS      | $6283866.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American Platinum Limited                                                  | ANGLO AMERICAN PLATINUM LTD COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               |  | ZA        |     2074218 | NS      | $71029529.44  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresa Nacional de Telecomunicaciones S.A.                                      | EMPRESA NACIONAL DE TELECOM COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900N4SUIP0URJT330       | Long             | EC               |  | CL        |     6953845 | NS      | $20122226.76  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXGEN ENERGY LTD.                                                               | NEXGEN ENERGY LTD COMMON STOCK                                                     | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               |  | US        |     2419938 | NS      | $12656275.74  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CGN Power Co., Ltd.                                                              | CGN POWER CO LTD-H COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 529900D2UINCGWQYBK45       | Long             | EC               |  | HK        |    83648000 | NS      | $26626253.34  | 1.19%             |  |  |  | Yes           |                  1 | On Loan: No      |
| FRANKLIN RESOURCES, INC.                                                         | FRANKLIN RESOURCES INC COMMON STOCK                                                | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               |  | US        |     1155379 | NS      | $21674910.04  | 0.97%             |  |  |  | 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        |    14084614 | NS      | $10275412.97  | 0.46%             |  |  |  | No            |                  3 | On Loan: No      |
| AIR LEASE CORPORATION                                                            | AIR LEASE CORP COMMON STOCK                                                        | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               |  | US        |      168388 | NS      | $7873822.88   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTING PLANTATIONS BERHAD                                                       | GENTING PLANTATIONS BHD COMMON STOCK                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MY        |     7353100 | NS      | $8236894.91   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| KASIKORNBANK PUBLIC COMPANY LIMITED                                              | KASIKORNBANK PCL-FOREIGN COMMON STOCK                                              | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               |  | TH        |     2200500 | NS      | $10508461.89  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| KOREAN AIR LINES CO.,LTD                                                         | KOREAN AIR LINES CO LTD COMMON STOCK                                               | CUSIP: N/A<br>LEI: 988400C2UFBF4B660C58       | Long             | EC               |  | KR        |      547270 | NS      | $8068321.29   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JUPITER FUND MANAGEMENT PLC                                                      | JUPITER FUND MANAGEMENT COMMON STOCK                                               | CUSIP: N/A<br>LEI: 5493003DJ1G01IMQ7S28       | Long             | EC               |  | GB        |     4569516 | NS      | $4416924.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FUKUDA CORPORATION                                                               | FUKUDA CORP COMMON STOCK                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      153800 | NS      | $5728567.82   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc                                                             | IVANHOE ELECTRIC INC / US COMMON STOCK                                             | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               |  | US        |     1383665 | NS      | $8717089.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | DREYFUS TREASURY SEC CASH-PT DPRXX US EQUITY                                       | CUSIP: 261941405<br>LEI: N/A                  | Long             | STIV             |  | US        |    47470234 | PA      | $47470234.34  | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | POLYUS PJSC-REG S-GDR DEPOSITARY RECEIPT                                           | CUSIP: 73181M117<br>LEI: N/A                  | Long             | EC               |  | GB        |     6131030 | NS      | $19686124.23  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SJM Holdings Limited                                                             | SJM HOLDINGS LTD COMMON STOCK                                                      | CUSIP: N/A<br>LEI: 529900XEAB40COT5ZL30       | Long             | EC               |  | HK        |    32676000 | NS      | $9115759.67   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANK RUSSELL SEC/BROADCORT CAP CLEARING                                         | FX Forward Contract: ZAR/USD SETTLE 2025-05-02                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | ZA        |           1 | NC      | $3055.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK VTB PAO                                                                     | VTB BANK PJSC COMMON STOCK                                                         | CUSIP: N/A<br>LEI: 253400V1H6ART1UQ0N98       | Long             | EC               |  | RU        |     9484622 | NS      | $3405441.95   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kamigumi Co.,Ltd.                                                                | KAMIGUMI CO LTD COMMON STOCK                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      441050 | NS      | $10796705.96  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SEABRIDGE GOLD INC.                                                              | SEABRIDGE GOLD INC COMMON STOCK                                                    | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               |  | CA        |     1422848 | NS      | $17679810.13  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cresud Sociedad Anonima, Comercial, Inmobiliaria, Financiera y Agropecuaria      | CRESUD S.A.-SPONS ADR DEPOSITARY RECEIPT                                           | CUSIP: 226406106<br>LEI: 529900OJF9C0NUFNN613 | Long             | EC               |  | US        |      921628 | NS      | $10128691.72  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED                                    | LUKS GROUP VIETNAM HOLDINGS COMMON STOCK                                           | CUSIP: N/A<br>LEI: 5299004B24AHX4THUB34       | Long             | EC               |  | HK        |     9255000 | NS      | $883479.23    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORPORATION                                                        | EXPAND ENERGY CORP COMMON STOCK                                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               |  | US        |      351590 | NS      | $36530201.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Bear Creek Mining Corp                                                           | BEAR CREEK MINING CORP COMMON STOCK                                                | CUSIP: 07380N104<br>LEI: 549300C9IY653M7KMK88 | Long             | EC               |  | CA        |    12752179 | NS      | $1618766.38   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PALADIN ENERGY LTD                                                               | PALADIN ENERGY LTD COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               |  | AU        |     9061821 | NS      | $34001848.62  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CK HUTCHISON HOLDINGS LIMITED                                                    | CK HUTCHISON HOLDINGS LTD COMMON STOCK                                             | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               |  | HK        |     9802500 | NS      | $55277076.84  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE AURIFERE BARRICK                                                         | BARRICK GOLD CORP COMMON STOCK                                                     | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               |  | US        |     1600984 | NS      | $30482735.36  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HI SUN TECHNOLOGY (CHINA) LIMITED                                                | HI SUN TECHNOLOGY CHINA LTD COMMON STOCK                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | HK        |    83997000 | NS      | $3357453.97   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AMENTUM HOLDINGS, INC.                                                           | AMENTUM HOLDINGS INC COMMON STOCK                                                  | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               |  | US        |      260220 | NS      | $5678000.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BrasilAgro - Companhia Brasileira de Propriedades Agricolas                      | BRASILAGRO-CIA BRASILEIRA DE COMMON STOCK                                          | CUSIP: N/A<br>LEI: HNU7Z5273PRV5T5S5F07       | Long             | EC               |  | BR        |     1852400 | NS      | $6962228.66   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | BROWN BROTHERS HARRIMAN SWEEP INTEREST                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   131713808 | PA      | $131713807.95 | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORPORATION                                                      | RANGE RESOURCES CORP COMMON STOCK                                                  | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               |  | US        |     1391537 | NS      | $47214850.41  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK ROSSII PAO                                                              | SBERBANK OF RUSSIA PJSC COMMON STOCK                                               | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               |  | RU        |    12648865 | NS      | $14269308.01  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Korean Reinsurance Company                                                       | KOREAN REINSURANCE CO COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 988400GFST66YNV5UF89       | Long             | EC               |  | KR        |     1787026 | NS      | $10172436.64  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVAGOLD RESOURCES INC.                                                          | NOVAGOLD RESOURCES INC COMMON STOCK                                                | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               |  | US        |     6809445 | NS      | $28803952.35  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Copper and Gold Corp                                                     | WESTERN COPPER AND GOLD CORP COMMON STOCK                                          | CUSIP: 95805V108<br>LEI: 529900DF4NXAM6X99014 | Long             | EC               |  | CA        |     5570563 | NS      | $6141923.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Uplus Corp                                                                    | LG UPLUS CORP COMMON STOCK                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |    10257251 | NS      | $86607956.94  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp.                                                               | EQUINOX GOLD CORP COMMON STOCK                                                     | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               |  | CA        |     4812295 | NS      | $32358896.45  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HANKOOK & COMPANY CO., LTD.                                                      | HANKOOK & CO COMMON STOCK                                                          | CUSIP: N/A<br>LEI: 549300ET8LEWSPTMRK47       | Long             | EC               |  | KR        |     1160471 | NS      | $12257390.77  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corp.                                                                 | MEG ENERGY CORP COMMON STOCK                                                       | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               |  | CA        |     1870187 | NS      | $26236338.73  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                                                   | KT CORP-SP ADR DEPOSITARY RECEIPT                                                  | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               |  | US        |     1095427 | NS      | $21317009.42  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp.                                                                         | LG CORP COMMON STOCK                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      837212 | NS      | $39205755.12  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SPROTT INC.                                                                      | SPROTT INC COMMON STOCK                                                            | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               |  | CA        |       91249 | NS      | $4794113.64   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Media Nusantara Citra Tbk                                                     | MEDIA NUSANTARA CITRA TBK PT COMMON STOCK                                          | CUSIP: N/A<br>LEI: 254900Y0ZF75CIA04X94       | Long             | EC               |  | ID        |   245752200 | NS      | $3884463.79   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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