# EDGAR Filing Document

**Accession Number:** 0001576367
**File Stem:** 0001576367-25-000111
**Filing Date:** 2025-12
**Character Count:** 11381
**Document Hash:** 83fbfd56566fc45c8f44963d9ea0cc37
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001576367-25-000111.hdr.sgml**: 20251209

**ACCESSION NUMBER**: 0001576367-25-000111

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251209

**DATE AS OF CHANGE**: 20251209

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS II
- **CENTRAL INDEX KEY:** 0001576367

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22842
- **FILM NUMBER:** 251558625

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA, SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 207-347-2000

**MAIL ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA, SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

## Series and Classes Contracts Data

### ABR 50/50 Volatility Fund (Series ID: S000059153)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000193875 | Institutional Shares | ABRSX           |
| C000193876 | Investor Shares      | ABRJX           |

## Nport-Ex

ABR

50/50

Volatility

Fund

SCHEDULE

OF

INVESTMENTS

(Unaudited)

October

31,

2025

At

October

31,

2025,

the

Fund

held

the

following

exchange-traded

futures

contracts:

The

following

is

a

summary

of

the

inputs

used

to

value

the

Fund's investments

as

of

October

31,

2025. The

Fund

has

a

three-tier

fair

value

hierarchy.

The

basis

of

the

tiers

is

dependent

upon

the

various

"inputs"

used

to

determine

the

value

of

the

Fund's

investments.

These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

–

quoted

prices

in

active

markets

for

identical

assets

Level

–

Prices

determined

using

significant

other

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.).

Short-term

securities

with

maturities

of

sixty

days

or

less

are

valued

at

amortized

cost,

which

approximates

market

value,

and

are

categorized

as

Level

in

the

hierarchy.

Municipal

securities,

long-term

U.S.

government

obligations

and

corporate

debt

securities

are

valued

in

accordance

with

the

evaluated

price

supplied

by

the

pricing

service

and

generally

categorized

as

Level

in

the

hierarchy.

Other

securities

that

are

categorized

as

Level

in

the

hierarchy

include,

but

are

not

limited

to,

warrants

that

do

not

trade

on

an

exchange,

securities

valued

at

the

mean

between

the

last

reported

bid

and

ask

quotation

and

international

equity

securities

valued

by

an

independent

third

party

with

adjustments

for

changes

in

value

between

the

time

of

the

securities

respective

local

market

closes

and

the

close

of

the

U.S.

market.

Level

–

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

The

Level

value

displayed

in

this

table

includes

futures.

The

Level

value

displayed

in

this

table

is

U.S.

Treasury

Securities.

THE

PORTFOLIO

OF

INVESTMENTS

SHOULD

BE

READ

IN

CONJUNCTION

WITH

THE

FINANCIAL

STATEMENTS

AND

NOTES

TO

FINANCIAL

STATEMENTS

WHICH

ARE

INCLUDED

IN

THE

FUND'S

AUDITED

ANNUAL

REPORT

OR

SEMI-ANNUAL

REPORT.

THESE

REPORTS

INCLUDE

ADDITIONAL

INFORMATION

ABOUT

THE

FUND'S

SECURITY

VALUATION

POLICIES

AND

ABOUT

CERTAIN

SECURITY

TYPES

INVESTED

BY

THE

FUND.

Principal

Security

Description

Rate

Maturity

Value

U.S.

Treasury

Securities

-

31.0%

U.S.

Treasury

Securities

-

31.0%

$

1,945,000

U.S.

Treasury

Bond

4.75 %

02/15/45

$

1,972,656

1,862,000

U.S.

Treasury

Bond

5.00 05/15/45

1,949,281

1,914,000

U.S.

Treasury

Bond

4.88 08/15/45

1,971,719

1,985,000

U.S.

Treasury

Bond

4.63 02/15/55

1,971,043

1,922,000

U.S.

Treasury

Bond

4.75 05/15/55

1,947,827

1,943,000

U.S.

Treasury

Bond

4.75 08/15/55

1,969,716

Total

U.S.

Treasury

Securities

(Cost

$11,956,538)

11,782,242

Investments,

at

value

-

31.0%

(Cost

$11,956,538)

$

11,782,242

Other

Assets

&

Liabilities,

Net

-

69.0%

26,173,925

Net

Assets

-

100.0%

$

37,956,167

Contracts

Description

Expiration

Date

Notional

Contract

Value

Value

Net

Unrealized

Appreciation

(Depreciation)

(237) CBOE

VIX

Future

11/19/25

$

(4,534,651)

$

(4,534,000)

$

651

(153) CBOE

VIX

Future

12/17/25

(2,982,819)

(3,054,370)

(71,551)

S&P

500

E-mini

Future

12/19/25

17,831,209

18,216,100

384,891

$

10,313,739

$

10,627,730

$

313,991

Valuation

Inputs

Investments

in

Securities

Other

Financial

Instruments\*

Level

-

Quoted

Prices

$

–

$

313,991

Level

-

Other

Significant

Observable

Inputs

11,782,242

–

Level

-

Significant

Unobservable

Inputs

–

–

Total

$

11,782,242

$

313,991

\*

Other

Financial

Instruments

are

derivatives

not

reflected

in

the

Schedule

of

Investments

,

such

as

futures,

which

are

valued

at

the

unrealized

appreciation

(depreciation)

at

period

end.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FORUM FUNDS II

- **b. Investment Company Act file number:** 811-22842

- **c. CIK number of Registrant:** 0001576367

- **d. LEI of Registrant:** 254900TLXB82MZSZFI87

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

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

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

- **a. Name of Series:** ABR 50/50 VOLATILITY FUND

- **b. EDGAR series identifier (if any):** S000059153

- **c. LEI of Series:** 254900E32KF9MXH42514

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $38093891.10

**Total Liabilities:** $130400.43

**Net Assets:** $37963490.67

**Cash Not Reported:** $24369566.09

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193875 | 2.97%                | 4.26%                | 1.44%                |
| Class ID C000193876 | 2.89%                | 4.34%                | 1.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-86539.36               | $-18116.57                                 |
| Month 2  | $175937.01               | $140341.87                                 |
| Month 3  | $267670.67               | $-273144.30                                |

**Designated Index Information**

- **Index Name:** 50/50 blend of S&P 500 and the VIX Short-Term Futures Inverse Daily Index

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US TREASURY N/B | U.S. Treasury Bond    | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2176000 | PA      | $2160700.00   | 5.69%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A             | CBOE VIX Future       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -293 | NC      | $-5605324.40  | -14.77%           |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B | U.S. Treasury Bond    | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2105000 | PA      | $2168478.91   | 5.71%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B | U.S. Treasury Bond    | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2108000 | PA      | $2136326.25   | 5.63%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A             | CBOE VIX Future       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -152 | NC      | $-3034406.40  | -7.99%            |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B | U.S. Treasury Bond    | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2132000 | PA      | $2161315.00   | 5.69%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A             | S&P 500 E-mini Future | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        47 | NC      | $16153900.00  | 42.55%            |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B | U.S. Treasury Bond    | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2138000 | PA      | $2168399.69   | 5.71%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B | U.S. Treasury Bond    | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2047000 | PA      | $2142953.13   | 5.64%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-09

**Name of Applicant:** Forum Funds II

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer