# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-26-004385
**Filing Date:** 2026-5
**Character Count:** 36502
**Document Hash:** ffe3ee7665338e893518f0340542104c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-004385.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002048251-26-004385

**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:** 261030739

**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 INTERNATIONAL EQUITY FUND (Series ID: S000084631)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000249063 | Y Shares             | VNIYX           |
| C000249064 | A Shares             | VNIAX           |
| C000249065 | Institutional Shares | VNIIX           |

## 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 International Equity Fund

- **b. EDGAR series identifier (if any):** S000084631

- **c. LEI of Series:** 5299008JKH4FA8XEOJ76

**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:** $123152907.95

**Total Liabilities:** $137520.16

**Net Assets:** $123015387.79

**Cash Not Reported:** $3185.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249063 | -8.57%               | 3.11%                | 1.84%                |
| Class ID C000249064 | -8.59%               | 3.12%                | 1.74%                |
| Class ID C000249065 | -8.52%               | 3.13%                | 1.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1307111.53             | $-9889849.13                               |
| Month 2  | $2119117.10              | $1794086.60                                |
| Month 3  | $859881.00               | $1203200.99                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEC Corporation                                                                             | NEC CORP COMMON STOCK                           | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               |  | JP        |     11500 | NS      | $286155.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                                                                 | HERMES INTERNATIONAL COMMON STOCK               | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               |  | FR        |       150 | NS      | $284154.11    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PUBLIC LIMITED COMPANY                                                                | HALMA PLC COMMON STOCK                          | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               |  | GB        |     63299 | NS      | $3230176.24   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | BROWN BROTHERS HARRIMAN SWEEP INTEREST          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   6186109 | PA      | $6186109.48   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                                     | ROYAL BANK OF CANADA COMMON STOCK               | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               |  | CA        |     12539 | NS      | $2027007.63   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Limited                                                                    | TENCENT HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |      5532 | NS      | $348916.41    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Games Workshop Group PLC                                                                    | GAMES WORKSHOP GROUP PLC COMMON STOCK           | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               |  | GB        |     10324 | NS      | $2440545.73   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corporation                                                                | INTACT FINANCIAL CORP COMMON STOCK              | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               |  | CA        |      4021 | NS      | $728641.85    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCO CORPORATION                                                                           | DISCO CORP COMMON STOCK                         | CUSIP: N/A<br>LEI: 529900X0YGDYM51H4Q86       | Long             | EC               |  | JP        |     10993 | NS      | $4480563.34   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB (publ)                                                                             | LIFCO AB-B SHS COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300RTLL4VDQRCTW41       | Long             | EC               |  | SE        |      9805 | NS      | $296624.79    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNA - RETE ELETTRICA NAZIONALE SOCIETA PER AZIONI                                         | TERNA-RETE ELETTRICA NAZIONA COMMON STOCK       | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               |  | IT        |    417788 | NS      | $4778436.49   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group AG                                                                           | GALDERMA GROUP AG COMMON STOCK                  | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               |  | CH        |     18780 | NS      | $3690904.99   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                                                               | FUJIKURA LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               |  | JP        |    109092 | NS      | $3000251.80   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik Aktiebolag                                                                          | SANDVIK AB COMMON STOCK                         | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               |  | SE        |    112030 | NS      | $4306640.52   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA EUROPACIFIC PARTNERS PLC                                                          | COCA-COLA EUROPACIFIC PARTNERS PLC COMMON STOCK | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               |  | US        |     52364 | NS      | $4747843.88   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                                                                           | NATIONAL GRID PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               |  | GB        |    263332 | NS      | $4445040.82   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FORMULA ONE GROUP                                                                           | LIBERTY MEDIA CORP-FORMULA-C COMMON STOCK       | CUSIP: 531229755<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               |  | US        |      4394 | NS      | $373577.88    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                                                                | FERROVIAL SE COMMON STOCK                       | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               |  | ES        |      9438 | NS      | $614005.59    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global, Inc.                                                                             | RB GLOBAL INC COMMON STOCK                      | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               |  | US        |     13406 | NS      | $1284965.10   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                                                      | SAP SE COMMON STOCK                             | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               |  | DE        |      1850 | NS      | $315394.41    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse Aktiengesellschaft                                                          | DEUTSCHE BOERSE AG COMMON STOCK                 | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               |  | DE        |     19363 | NS      | $5672328.85   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORPORATION                                                                            | HOYA CORP COMMON STOCK                          | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               |  | JP        |     19587 | NS      | $3395610.81   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| WEIR GROUP PLC(THE)                                                                         | WEIR GROUP PLC/THE COMMON STOCK                 | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               |  | GB        |     16392 | NS      | $614740.85    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                            | PHILIP MORRIS INTERNATIONAL COMMON STOCK        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |     28892 | NS      | $4777003.28   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                                    | LLOYDS BANKING GROUP PLC COMMON STOCK           | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               |  | GB        |   1161795 | NS      | $1439960.27   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                                                              | RHEINMETALL AG COMMON STOCK                     | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               |  | DE        |      1245 | NS      | $2100058.97   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB (publ)                                                                        | BEIJER REF AB COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300PZZEUVH08H4G75       | Long             | EC               |  | SE        |     22260 | NS      | $308593.15    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi, Ltd.                                                                               | HITACHI LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               |  | JP        |     47600 | NS      | $1396369.36   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                                                                              | LONZA GROUP AG-REG COMMON STOCK                 | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               |  | CH        |      2378 | NS      | $1525531.24   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                                                               | ENBRIDGE INC COMMON STOCK                       | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               |  | CA        |     66367 | NS      | $3597682.03   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                                                                       | KONGSBERG GRUPPEN ASA COMMON STOCK              | CUSIP: R60837151<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               |  | NO        |     85031 | NS      | $3629060.85   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD                                                      | SINGAPORE TECH ENGINEERING COMMON STOCK         | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               |  | SG        |    634425 | NS      | $5384514.05   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Limited                                                                           | AIA GROUP LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               |  | HK        |    291200 | NS      | $3235618.67   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corporation                                                                       | TC ENERGY CORP COMMON STOCK                     | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               |  | CA        |     85763 | NS      | $5370437.01   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                                                           | SIEMENS ENERGY AG COMMON STOCK                  | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               |  | DE        |     29149 | NS      | $5026756.81   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO., LTD.                                                                            | CAPCOM CO LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               |  | JP        |     86446 | NS      | $1826770.75   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA | AIR LIQUIDE SA COMMON STOCK                     | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               |  | FR        |     12869 | NS      | $2660015.86   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY                                                                  | AON PLC-CLASS A COMMON STOCK                    | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               |  | US        |      1393 | NS      | $449632.54    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                                                                 | CONSTELLATION SOFTWARE INC COMMON STOCK         | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               |  | CA        |       334 | NS      | $586316.34    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                                                                                | FERRARI NV COMMON STOCK                         | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               |  | IT        |      2281 | NS      | $773956.07    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| L'OREAL SA                                                                                  | L'OREAL COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               |  | FR        |      1902 | NS      | $776572.25    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HD HYUNDAI ELECTRIC CO., LTD.                                                               | HD HYUNDAI ELECTRIC CO COMMON STOCK             | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               |  | KR        |      5474 | NS      | $3102050.47   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                                | MIZUHO FINANCIAL GROUP INC COMMON STOCK         | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               |  | JP        |     30392 | NS      | $1230382.57   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Limited                                          | TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               |  | US        |     20717 | NS      | $7001310.15   | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                                                                   | SAFRAN SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               |  | FR        |      5364 | NS      | $1755266.51   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                                                           | ASML HOLDING NV COMMON STOCK                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               |  | NL        |      3450 | NS      | $4587682.52   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                                                    | RELX PLC COMMON STOCK                           | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               |  | GB        |     26109 | NS      | $855387.34    | 0.70%             |  |  |  | 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