# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0001752724-23-044359
**Filing Date:** 2023-2
**Character Count:** 34296
**Document Hash:** be092cf586530cf61e69f06e7ca88970
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044359.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044359

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund II
- **CENTRAL INDEX KEY:** 0000890540
- **IRS NUMBER:** 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:** 23679339

**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

### CHAMPLAIN SMALL COMPANY FUND (Series ID: S000005803)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000015937 | ADVISOR SHARES             | CIPSX           |
| C000173316 | Institutional Class Shares | CIPNX           |

## 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:** Champlain Small Company Fund

- **b. EDGAR series identifier (if any):** S000005803

- **c. LEI of Series:** 549300XEFD8NQBMJSZ92

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $2533709863.39

**Total Liabilities:** $2647753.03

**Net Assets:** $2531062110.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173316 | -4.38%               | 3.53%                | 10.14%               |
| Class ID C000015937 | -4.37%               | 3.50%                | 10.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7138411.01              | $-124139936.29                             |
| Month 2  | $13014117.36             | $81511927.64                               |
| Month 3  | $10121674.80             | $234159701.73                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EVOQUA WATER TECHNOLOGIES CORP.                                                                           | EVOQUA WATER TECHNOLOGIES CO COMMON STOCK               | CUSIP: 30057T105<br>LEI: 529900YQAOMEZRGRRP43 | Long             | EC               |  | US        |   1725000 | NS      | $68310000.00  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS FINANCIAL CORPORATION                                                                                | WSFS FINANCIAL CORP COMMON STOCK                        | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               |  | US        |    560000 | NS      | $25390400.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                                                                              | VERACYTE INC COMMON STOCK                               | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               |  | US        |    835000 | NS      | $19814550.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES, INC.                                                                               | PROSPERITY BANCSHARES INC COMMON STOCK                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               |  | US        |    460000 | NS      | $33432800.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Incorporated                                                                                   | MSA SAFETY INC COMMON STOCK                             | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               |  | US        |    570000 | NS      | $82188300.00  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESHPET, INC.                                                                                            | FRESHPET INC COMMON STOCK                               | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               |  | US        |    430000 | NS      | $22691100.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINANCIAL CORP.                                                                                       | CVB FINANCIAL CORP COMMON STOCK                         | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               |  | US        |    825000 | NS      | $21243750.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| HAYWARD HOLDINGS, INC.                                                                                    | HAYWARD HOLDINGS INC COMMON STOCK                       | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               |  | US        |   1650000 | NS      | $15510000.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMAS CORPORATION                                                                                        | TRIMAS CORP COMMON STOCK                                | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               |  | US        |   1305000 | NS      | $36200700.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust: Treasury Only Portfolio; Class I Shares                                 | FIDELITY TREASURY ONLY - I MONEY MARKET CLASS I (FSIXX) | CUSIP: 233809300<br>LEI: N/A                  | Long             | STIV             |  | US        |  20305581 | PA      | $20305581.48  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Leslie's Inc                                                                                              | LESLIE'S INC COMMON STOCK                               | CUSIP: 527064109<br>LEI: N/A                  | Long             | EC               |  | US        |   1790000 | NS      | $21855900.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW INDUSTRIALS, INC.                                                                                     | CSW INDUSTRIALS INC COMMON STOCK                        | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               |  | US        |    335000 | NS      | $38836550.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust: Goldman Sachs Financial Square Treasury Instruments Fund; Institutional Class Shares | GOLDMAN SACHS FIN SQ TR IN-IN FTIXX                     | CUSIP: 38142B500<br>LEI: N/A                  | Long             | STIV             |  | US        |  58903257 | PA      | $58903256.71  | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGO GROUP INTERNATIONAL HOLDINGS, LTD.                                                                   | ARGO GROUP INTERNATIONAL COMMON STOCK                   | CUSIP: G0464B107<br>LEI: 549300M4T8Y5TTWI6O03 | Long             | EC               |  | US        |    815000 | NS      | $21067750.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSIENT TECHNOLOGIES CORPORATION                                                                         | SENSIENT TECHNOLOGIES CORP COMMON STOCK                 | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               |  | US        |    300000 | NS      | $21876000.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVESTNET, INC.                                                                                           | ENVESTNET INC COMMON STOCK                              | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Long             | EC               |  | US        |    210000 | NS      | $12957000.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN BEAN TECHNOLOGIES CORPORATION                                                                        | JOHN BEAN TECHNOLOGIES CORP COMMON STOCK                | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               |  | US        |    690000 | NS      | $63017700.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GERMAN AMERICAN BANCORP, INC.                                                                             | GERMAN AMERICAN BANCORP COMMON STOCK                    | CUSIP: 373865104<br>LEI: N/A                  | Long             | EC               |  | US        |    675000 | NS      | $25177500.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED CORPORATION                                                                                        | CONMED CORP COMMON STOCK                                | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               |  | US        |    540000 | NS      | $47865600.00  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HOSTESS BRANDS, INC.                                                                                      | HOSTESS BRANDS INC COMMON STOCK                         | CUSIP: 44109J106<br>LEI: N/A                  | Long             | EC               |  | US        |   1320000 | NS      | $29620800.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SOVOS BRANDS, INC.                                                                                        | SOVOS BRANDS INC COMMON STOCK                           | CUSIP: 84612U107<br>LEI: N/A                  | Long             | EC               |  | US        |   1000000 | NS      | $14370000.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEGRA LIFESCIENCES HOLDINGS CORPORATION                                                                 | INTEGRA LIFESCIENCES HOLDING COMMON STOCK               | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               |  | US        |   1105000 | NS      | $61957350.00  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBANY INTERNATIONAL CORP.                                                                                | ALBANY INTL CORP-CL A COMMON STOCK                      | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               |  | US        |    205000 | NS      | $20210950.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Zevia PBC                                                                                                 | ZEVIA PBC-A COMMON STOCK                                | CUSIP: 98955K104<br>LEI: N/A                  | Long             | EC               |  | US        |    535000 | NS      | $2188150.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ATRICURE, INC.                                                                                            | ATRICURE INC COMMON STOCK                               | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               |  | US        |    830000 | NS      | $36835400.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc                                                                                               | SI-BONE INC COMMON STOCK                                | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               |  | US        |    740000 | NS      | $10064000.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICELL, INC.                                                                                            | OMNICELL INC COMMON STOCK                               | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               |  | US        |    300000 | NS      | $15126000.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| RITCHIE BROS. AUCTIONEERS INCORPORATED                                                                    | RITCHIE BROS AUCTIONEERS COMMON STOCK                   | CUSIP: 767744105<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               |  | US        |    790000 | NS      | $45685700.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN WILEY & SONS, INC.                                                                                   | WILEY (JOHN) & SONS-CLASS A COMMON STOCK                | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               |  | US        |    910000 | NS      | $36454600.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL GARDEN & PET COMPANY                                                                              | CENTRAL GARDEN AND PET CO-A COMMON STOCK                | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               |  | US        |    665000 | NS      | $23807000.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BARNES GROUP INC.                                                                                         | BARNES GROUP INC COMMON STOCK                           | CUSIP: 067806109<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | EC               |  | US        |    975000 | NS      | $39828750.00  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp, Inc.                                                                            | WASHINGTON TRUST BANCORP COMMON STOCK                   | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               |  | US        |    200000 | NS      | $9436000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVANTA INC.                                                                                              | NOVANTA INC COMMON STOCK                                | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               |  | US        |    260000 | NS      | $35326200.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL INSTRUMENTS CORPORATION                                                                          | NATIONAL INSTRUMENTS CORP COMMON STOCK                  | CUSIP: 636518102<br>LEI: 549300TP4OOPCYWDUP86 | Long             | EC               |  | US        |    960000 | NS      | $35424000.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                                                                                 | ASANA INC - CL A COMMON STOCK                           | CUSIP: 04342Y104<br>LEI: N/A                  | Long             | EC               |  | US        |   1300000 | NS      | $17901000.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Outset Medical Inc                                                                                        | OUTSET MEDICAL INC COMMON STOCK                         | CUSIP: 690145107<br>LEI: N/A                  | Long             | EC               |  | US        |    795000 | NS      | $20526900.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Axonics Inc                                                                                               | AXONICS INC COMMON STOCK                                | CUSIP: 05465P101<br>LEI: 549300LJY4X7N57VJL05 | Long             | EC               |  | US        |    465000 | NS      | $29076450.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBUS MEDICAL, INC.                                                                                      | GLOBUS MEDICAL INC - A COMMON STOCK                     | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               |  | US        |    850000 | NS      | $63129500.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC.                                                                                             | WINGSTOP INC COMMON STOCK                               | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               |  | US        |    285000 | NS      | $39221700.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                                                                               | INSPIRE MEDICAL SYSTEMS INC COMMON STOCK                | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               |  | US        |    285000 | NS      | $71785800.00  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKLINE, INC                                                                                            | BLACKLINE INC COMMON STOCK                              | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               |  | US        |    775000 | NS      | $52134250.00  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW RELIC, INC.                                                                                           | NEW RELIC INC COMMON STOCK                              | CUSIP: 64829B100<br>LEI: 549300AB8FY2HQILL804 | Long             | EC               |  | US        |    905000 | NS      | $51087250.00  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENT BANK CORP.                                                                                    | INDEPENDENT BANK CORP/MA COMMON STOCK                   | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               |  | US        |    510000 | NS      | $43059300.00  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| UTZ BRANDS, INC.                                                                                          | UTZ BRANDS INC COMMON STOCK                             | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               |  | US        |   2320000 | NS      | $36795200.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulmonx Corp                                                                                              | PULMONX CORP COMMON STOCK                               | CUSIP: 745848101<br>LEI: 549300WZMFR0ZK7RJY40 | Long             | EC               |  | US        |   1155000 | NS      | $9736650.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKIVA INC.                                                                                              | WORKIVA INC COMMON STOCK                                | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               |  | US        |    650000 | NS      | $54580500.00  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshworks Inc                                                                                            | FRESHWORKS INC-CL A COMMON STOCK                        | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               |  | US        |   3055000 | NS      | $44939050.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAC HOLDINGS INC.                                                                                     | GENERAC HOLDINGS INC COMMON STOCK                       | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               |  | US        |    130000 | NS      | $13085800.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TANDEM DIABETES CARE, INC.                                                                                | TANDEM DIABETES CARE INC COMMON STOCK                   | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               |  | US        |    560000 | NS      | $25172000.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMUNITY BANK SYSTEM, INC.                                                                               | COMMUNITY BANK SYSTEM INC COMMON STOCK                  | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               |  | US        |    405000 | NS      | $25494750.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOLDINGS, INC.                                                                               | SALLY BEAUTY HOLDINGS INC COMMON STOCK                  | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               |  | US        |   1710000 | NS      | $21409200.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE, INC.                                                                                        | PURE STORAGE INC - CLASS A COMMON STOCK                 | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               |  | US        |   2590000 | NS      | $69308400.00  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| E.L.F. BEAUTY, INC.                                                                                       | ELF BEAUTY INC COMMON STOCK                             | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               |  | US        |    235000 | NS      | $12995500.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SIMPLY GOOD FOODS COMPANY                                                                             | SIMPLY GOOD FOODS CO/THE COMMON STOCK                   | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               |  | US        |   1140000 | NS      | $43354200.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| STOCK YARDS BANCORP, INC.                                                                                 | STOCK YARDS BANCORP INC COMMON STOCK                    | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               |  | US        |     20267 | NS      | $1316949.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDEX INTERNATIONAL CORPORATION                                                                         | STANDEX INTERNATIONAL CORP COMMON STOCK                 | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               |  | US        |    257850 | NS      | $26406418.50  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOSPEC INC.                                                                                             | INNOSPEC INC COMMON STOCK                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               |  | US        |    375000 | NS      | $38572500.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| European Wax Center Inc                                                                                   | EUROPEAN WAX CENTER INC-A COMMON STOCK                  | CUSIP: 29882P106<br>LEI: N/A                  | Long             | EC               |  | US        |   1085000 | NS      | $13508250.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRA INDUSTRIAL MOTION CORP.                                                                             | ALTRA INDUSTRIAL MOTION CORP COMMON STOCK               | CUSIP: 02208R106<br>LEI: NQ0NIXPGW4YKG4MWM571 | Long             | EC               |  | US        |    880000 | NS      | $52580000.00  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCAT, INC.                                                                                            | TRANSCAT INC COMMON STOCK                               | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               |  | US        |    163940 | NS      | $11618427.80  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corporation                                                                                 | UMB FINANCIAL CORP COMMON STOCK                         | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               |  | US        |    530000 | NS      | $44265600.00  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J SNACK FOODS CORP.                                                                                   | J & J SNACK FOODS CORP COMMON STOCK                     | CUSIP: 466032109<br>LEI: N/A                  | Long             | EC               |  | US        |    225000 | NS      | $33684750.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC BEARINGS INCORPORATED                                                                                 | RBC BEARINGS INC COMMON STOCK                           | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               |  | US        |    150000 | NS      | $31402500.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 HOLDINGS, INC.                                                                                         | Q2 HOLDINGS INC COMMON STOCK                            | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               |  | US        |   1085000 | NS      | $29153950.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMES RIVER GROUP HOLDINGS, LTD.                                                                          | JAMES RIVER GROUP HOLDINGS L COMMON STOCK               | CUSIP: G5005R107<br>LEI: N/A                  | Long             | EC               |  | US        |    865000 | NS      | $18087150.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA, INC.                                                                                            | PENUMBRA INC COMMON STOCK                               | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               |  | US        |    335000 | NS      | $74524100.00  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PALOMAR HOLDINGS, INC.                                                                                    | PALOMAR HOLDINGS INC COMMON STOCK                       | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               |  | US        |    380000 | NS      | $17160800.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKBAUD, INC.                                                                                           | BLACKBAUD INC COMMON STOCK                              | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               |  | US        |    410000 | NS      | $24132600.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LANCASTER COLONY CORPORATION                                                                              | LANCASTER COLONY CORP COMMON STOCK                      | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               |  | US        |    260000 | NS      | $51298000.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP INGREDIENTS, INC.                                                                                     | MGP INGREDIENTS INC COMMON STOCK                        | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               |  | US        |    325000 | NS      | $34573500.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROUP, INC.                                                                           | SELECTIVE INSURANCE GROUP COMMON STOCK                  | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               |  | US        |    570000 | NS      | $50507700.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDIOVASCULAR SYSTEMS, INC.                                                                              | CARDIOVASCULAR SYSTEMS INC COMMON STOCK                 | CUSIP: 141619106<br>LEI: 549300NUBWKJMNMQ3287 | Long             | EC               |  | US        |   1015000 | NS      | $13824300.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAKE SHACK INC.                                                                                          | SHAKE SHACK INC - CLASS A COMMON STOCK                  | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               |  | US        |    380000 | NS      | $15781400.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP GROUP, INC.                                                                                           | BRP GROUP INC-A COMMON STOCK                            | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               |  | US        |   1410000 | NS      | $35447400.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO TECHNOLOGIES INC.                                                                                    | ESCO TECHNOLOGIES INC COMMON STOCK                      | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               |  | US        |    515000 | NS      | $45083100.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TENABLE HOLDINGS, INC.                                                                                    | TENABLE HOLDINGS INC COMMON STOCK                       | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               |  | US        |    615000 | NS      | $23462250.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTROSE ENVIRONMENTAL GROUP, INC.                                                                        | MONTROSE ENVIRONMENTAL GROUP COMMON STOCK               | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               |  | US        |    600000 | NS      | $26634000.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

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

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO