# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0001752724-23-045870
**Filing Date:** 2023-2
**Character Count:** 32707
**Document Hash:** 78efa9a17c54b7f78241864b6884e469
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-045870.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-045870

**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:** 23681450

**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

### Sprucegrove International Equity Fund (Series ID: S000071199)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000225987 | Institutional Class Shares | SPRNX           |
| C000234396 | Advisor Class Shares       | SPRDX           |
| C000234397 | Investor Class Shares      | SPRVX           |

## 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:** Sprucegrove International Equity Fund

- **b. EDGAR series identifier (if any):** S000071199

- **c. LEI of Series:** 549300URFLT5LHXG9S21

**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:** $163297432.76

**Total Liabilities:** $181557.44

**Net Assets:** $163115875.32

**Cash Not Reported:** $289368.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234397 | -1.31%               | 12.13%               | 5.07%                |
| Class ID C000234396 | -1.32%               | 12.10%               | 5.04%                |
| Class ID C000225987 | -1.28%               | 12.12%               | 5.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31746.24               | $-2342555.78                               |
| Month 2  | $16363.62                | $17743766.71                               |
| Month 3  | $-20073.50               | $7086580.31                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                                         | BROWN BROTHERS HARRIMAN SWEEP INTEREST         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   4458344 | PA      | $4458343.96   | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| NIHON KOHDEN CORPORATION                                                                    | NIHON KOHDEN CORP COMMON STOCK                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     91700 | NS      | $2227431.88   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WEIR GROUP PLC(THE)                                                                         | WEIR GROUP PLC/THE COMMON STOCK                | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               |  | GB        |    122660 | NS      | $2462584.08   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSA ABLOY AB                                                                               | ASSA ABLOY AB-B COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               |  | SE        |     74248 | NS      | $1594057.07   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BREMBO S.P.A.                                                                               | BREMBO SPA COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300BLWVJN2BAT0A44       | Long             | EC               |  | IT        |    192178 | NS      | $2143310.07   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SMITH & NEPHEW PLC                                                                          | SMITH & NEPHEW PLC COMMON STOCK                | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               |  | GB        |    149778 | NS      | $1998973.81   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD.                                                      | CHECK POINT SOFTWARE TECH COMMON STOCK         | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               |  | US        |      4500 | NS      | $567720.00    | 0.35%             |  |  |  | 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        |     17633 | NS      | $2491605.25   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBEV S.A.                                                                                  | AMBEV SA-ADR DEPOSITARY RECEIPT                | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               |  | US        |   1149800 | NS      | $3127456.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| The North West Company Inc.                                                                 | NORTH WEST CO INC/THE COMMON STOCK             | CUSIP: 663278208<br>LEI: 254900VT1HQAZR3IVM76 | Long             | EC               |  | CA        |     21469 | NS      | $563601.85    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SBM Offshore N.V.                                                                           | SBM OFFSHORE NV COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               |  | NL        |    130932 | NS      | $2048541.73   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                                                                   | HOLCIM LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               |  | CH        |     69500 | NS      | $3596692.61   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED                                               | ADANI PORTS AND SPECIAL ECON COMMON STOCK      | CUSIP: Y00130107<br>LEI: 335800QOAXP5TM7OYP69 | Long             | EC               |  | IN        |     71050 | NS      | $702598.88    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORPORATION                                                                    | TOYOTA MOTOR CORP COMMON STOCK                 | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               |  | JP        |    184500 | NS      | $2534436.70   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ADBRI LIMITED                                                                               | ADBRI LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 529900XNYGV6JJJ38J47       | Long             | EC               |  | AU        |    550250 | NS      | $617566.63    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMBCORP INDUSTRIES LTD                                                                     | SEMBCORP INDUSTRIES LTD COMMON STOCK           | CUSIP: N/A<br>LEI: 254900J0FF14U6TPQM96       | Long             | EC               |  | SG        |   1265700 | NS      | $3189730.09   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| YUE YUEN INDUSTRIAL (HOLDINGS) LIMITED                                                      | YUE YUEN INDUSTRIAL HLDG COMMON STOCK          | CUSIP: N/A<br>LEI: 254900YUFIBANZ1XU687       | Long             | EC               |  | HK        |    838376 | NS      | $1177278.64   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| STELLA-JONES INC.                                                                           | STELLA-JONES INC COMMON STOCK                  | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               |  | CA        |     34700 | NS      | $1242587.55   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                                                     | BANK OF NOVA SCOTIA COMMON STOCK               | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               |  | CA        |     31102 | NS      | $1522791.75   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED OVERSEAS BANK LIMITED                                                                | UNITED OVERSEAS BANK LTD COMMON STOCK          | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               |  | SG        |    167130 | NS      | $3825597.23   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings, S.A.                                                                         | COPA HOLDINGS SA-CLASS A COMMON STOCK          | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               |  | US        |     31900 | NS      | $2653123.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HOLDINGS LIMITED                                                                    | TENCENT HOLDINGS LTD COMMON STOCK              | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |     35400 | NS      | $1514884.78   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG & Co. KGaA                                                        | FRESENIUS MEDICAL CARE AG & COMMON STOCK       | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               |  | DE        |     59830 | NS      | $1951998.53   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| P/F Bakkafrost                                                                              | BAKKAFROST P/F COMMON STOCK                    | CUSIP: N/A<br>LEI: 2138007LH7OP4V112978       | Long             | EC               |  | NO        |     21864 | NS      | $1367193.58   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| NITTO DENKO CORPORATION                                                                     | NITTO DENKO CORP COMMON STOCK                  | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               |  | JP        |     47900 | NS      | $2777179.89   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                                                                  | CRH PLC COMMON STOCK                           | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               |  | IE        |     78668 | NS      | $3107293.23   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KUBOTA CORPORATION                                                                          | KUBOTA CORP COMMON STOCK                       | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               |  | JP        |    114600 | NS      | $1578143.92   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco S.A.                                                                         | BANCO BRADESCO-ADR DEPOSITARY RECEIPT          | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               |  | US        |    801699 | NS      | $2308893.70   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongkong Land Holdings Limited                                                              | HONGKONG LAND HOLDINGS LTD COMMON STOCK        | CUSIP: G4587L109<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               |  | SG        |    285400 | NS      | $1312840.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Jungheinrich AG                                                                             | Jungheinrich AG PREFERRED STOCK                | CUSIP: N/A<br>LEI: 529900PHZORTU6FSXE73       | Long             | EP               |  | DE        |     62790 | NS      | $1781191.05   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                                                                                     | IMI PLC COMMON STOCK                           | CUSIP: N/A<br>LEI: 2138002W9Q21PF751R30       | Long             | EC               |  | GB        |    174320 | NS      | $2700815.09   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| The Swatch Group AG                                                                         | SWATCH GROUP AG/THE-BR COMMON STOCK            | CUSIP: N/A<br>LEI: 529900NTES2LEON1JZ55       | Long             | EC               |  | CH        |      7340 | NS      | $2086489.41   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE CORPORATION LIMITED                                                                 | VENTURE CORP LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               |  | SG        |    178300 | NS      | $2267967.49   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTREX PLC                                                                                 | VICTREX PLC COMMON STOCK                       | CUSIP: N/A<br>LEI: 213800UYNPHAUNHPXL67       | Long             | EC               |  | GB        |    105865 | NS      | $2033710.30   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                                                      | SAP SE COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               |  | DE        |     23260 | NS      | $2392801.84   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC CORPORATION                                                                           | FANUC CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               |  | JP        |      4200 | NS      | $631376.71    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AIN HOLDINGS INC.                                                                           | AIN HOLDINGS INC COMMON STOCK                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     33900 | NS      | $1551828.41   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| RENISHAW P L C                                                                              | RENISHAW PLC COMMON STOCK                      | CUSIP: N/A<br>LEI: 21380048ADXM6Z67CT18       | Long             | EC               |  | GB        |     23595 | NS      | $1041072.75   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| XINYI GLASS HOLDINGS LIMITED                                                                | XINYI GLASS HOLDINGS LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 52990082YXVVZFK1QJ17       | Long             | EC               |  | HK        |    789000 | NS      | $1469844.14   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMATSU LTD.                                                                                | KOMATSU LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               |  | JP        |     43800 | NS      | $954706.89    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS PUBLIC LIMITED COMPANY                                                     | RYANAIR HOLDINGS PLC-SP ADR DEPOSITARY RECEIPT | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               |  | US        |     29700 | NS      | $2220372.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SAPUTO INC.                                                                                 | SAPUTO INC COMMON STOCK                        | CUSIP: 802912105<br>LEI: 549300HH4U1DPY0TBT90 | Long             | EC               |  | CA        |     80000 | NS      | $1979113.62   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON ELECTRIC HOLDINGS LIMITED                                                           | JOHNSON ELECTRIC HOLDINGS COMMON STOCK         | CUSIP: N/A<br>LEI: 529900EDYRQ6K25JEC80       | Long             | EC               |  | HK        |    498323 | NS      | $627616.46    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DENSO CORPORATION                                                                           | DENSO CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               |  | JP        |     52100 | NS      | $2580814.73   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SPECTRIS PLC                                                                                | SPECTRIS PLC COMMON STOCK                      | CUSIP: N/A<br>LEI: 213800Z4CO2CZO3M3T10       | Long             | EC               |  | GB        |     44920 | NS      | $1622117.11   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED                                             | HOUSING DEVELOPMENT FINANCE COMMON STOCK       | CUSIP: Y37246207<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               |  | IN        |    102790 | NS      | $3277153.44   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIMENTATION COUCHE-TARD INC.                                                               | ALIMENTATION COUCHE-TARD INC COMMON STOCK      | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               |  | CA        |     35900 | NS      | $1576478.84   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEE ENTERTAINMENT ENTERPRISES LIMITED                                                       | ZEE ENTERTAINMENT ENTERPRISE COMMON STOCK      | CUSIP: N/A<br>LEI: 254900EQIYPXZEO10B94       | Long             | EC               |  | IN        |    612360 | NS      | $1776828.45   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                                                                        | HENKEL AG & CO KGAA COMMON STOCK               | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               |  | DE        |     40640 | NS      | $2613218.92   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT SA                                                           | CIE FINANCIERE RICHEMO-A REG COMMON STOCK      | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               |  | CH        |     23920 | NS      | $3099878.95   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                           | HSBC HOLDINGS PLC COMMON STOCK                 | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               |  | HK        |    571603 | NS      | $3555605.82   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                                                                   | SHELL PLC COMMON STOCK                         | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               |  | GB        |    111855 | NS      | $3129658.01   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Vopak N.V.                                                                      | VOPAK COMMON STOCK                             | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               |  | NL        |     53390 | NS      | $1581204.18   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FUCHS PETROLUB SE                                                                           | FUCHS PETROLUB SE PREFERRED STOCK              | CUSIP: N/A<br>LEI: 529900SNF9E1P5ZO4P98       | Long             | EP               |  | DE        |     55148 | NS      | $1926963.49   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL LIMITED                                                                                 | UPL LTD COMMON STOCK                           | CUSIP: Y9305P100<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               |  | IN        |    114160 | NS      | $988222.94    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN                                                                                | FX Forward Contract: JPY/USD SETTLE 2023-01-04 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | JP        |         1 | NC      | $542.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KOITO MANUFACTURING CO., LTD.                                                               | KOITO MANUFACTURING CO LTD COMMON STOCK        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |    100400 | NS      | $1511954.22   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE TELECOMMUNICATIONS LIMITED                                                        | SINGAPORE TELECOMMUNICATIONS COMMON STOCK      | CUSIP: N/A<br>LEI: 2549003XJKIQO8YDYD89       | Long             | EC               |  | SG        |   1142325 | NS      | $2188916.83   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BERKELEY GROUP HOLDINGS PLC                                                             | BERKELEY GROUP HOLDINGS/THE COMMON STOCK       | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               |  | GB        |     62656 | NS      | $2843683.40   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LIMITED                                                             | NATIONAL AUSTRALIA BANK LTD COMMON STOCK       | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               |  | AU        |     79885 | NS      | $1628470.84   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OMRON Corporation                                                                           | OMRON CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300ZHW0TR2QZ0NY83       | Long             | EC               |  | JP        |     16059 | NS      | $779551.29    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RS GROUP PLC                                                                                | RS GROUP PLC COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300KVXDURRKVW7R37       | Long             | EC               |  | GB        |    164513 | NS      | $1772138.19   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVIS PERKINS PLC                                                                          | TRAVIS PERKINS PLC COMMON STOCK                | CUSIP: N/A<br>LEI: 2138001I27OUBAF22K83       | Long             | EC               |  | GB        |    228585 | NS      | $2445550.44   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil, S.A.                                                            | INDUSTRIA DE DISENO TEXTIL COMMON STOCK        | CUSIP: E6282N100<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               |  | ES        |     57094 | NS      | $1514195.35   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokian Renkaat Oyj                                                                          | NOKIAN RENKAAT OYJ COMMON STOCK                | CUSIP: N/A<br>LEI: 743700YQIO8Y4L4WKR40       | Long             | EC               |  | FI        |    102392 | NS      | $1046879.22   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LIMITED                                                           | JARDINE MATHESON HLDGS LTD COMMON STOCK        | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               |  | SG        |     68000 | NS      | $3461200.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vietnam Dairy Products JSC                                                                  | VIETNAM DAIRY PRODUCTS JSC COMMON STOCK        | CUSIP: N/A<br>LEI: 549300148GRJ07D21X63       | Long             | EC               |  | VN        |    363800 | NS      | $1174344.86   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                                                 | NOVARTIS AG-REG COMMON STOCK                   | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               |  | CH        |     43870 | NS      | $3963568.20   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LIMITED                                                               | ALIBABA GROUP HOLDING LTD COMMON STOCK         | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               |  | HK        |    144100 | NS      | $1592402.90   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Seria Co., Ltd.                                                                             | SERIA CO LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     51800 | NS      | $1126334.46   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SMITHS GROUP PLC                                                                            | SMITHS GROUP PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 213800MJL6IPZS3ASA11       | Long             | EC               |  | GB        |    203180 | NS      | $3906837.68   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke Aktiengesellschaft                                                 | BAYERISCHE MOTOREN WERKE AG COMMON STOCK       | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               |  | DE        |     35166 | NS      | $3129319.50   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Limited                                                                           | AIA GROUP LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               |  | HK        |    370600 | NS      | $4121497.25   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLO AMERICAN PLC                                                                          | ANGLO AMERICAN PLC COMMON STOCK                | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               |  | GB        |     67623 | NS      | $2632702.69   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                                                               | SAMSUNG ELECTR-GDR REG S DEPOSITARY RECEIPT    | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               |  | GB        |      2612 | NS      | $2886260.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                                                                     | BASF SE COMMON STOCK                           | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               |  | DE        |     56830 | NS      | $2813630.56   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                                                            | TOTALENERGIES SE COMMON STOCK                  | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               |  | FR        |     54150 | NS      | $3389467.87   | 2.08%             |  |  |  | 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