# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-26-002804
**Filing Date:** 2026-4
**Character Count:** 8096
**Document Hash:** e0352ad8aa90e62ba27d6a59324ee9cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-002804.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0002048251-26-002804

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**PERIOD START**: 20261031

**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:** 26825737

**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

### PMV Adaptive Risk Parity ETF (Series ID: S000079261)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000240238 | PMV Adaptive Risk Parity ETF | ARP             |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**PMV <br> ADAPTIVE RISK PARITY ETF <br> JANUARY 31, 2026**<br> **(Unaudited)**<br>|

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS**  | | |
| **EXCHANGE-TRADED FUNDS — 75.3%**  |  |  |
|  | Shares | Fair Value |
| **Domestic Equity — 55.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Invesco QQQ Trust, Series <sup>1</sup> | 4959 | $3083853 |
| &nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF<sup>†</sup> | 291267 | 19281875 |
| &nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 50561 | 2855180 |
| &nbsp;&nbsp;&nbsp;Vanguard S&P 500 ETF<sup>†</sup> | 11490 | 7310168 |
|  |  | 32531076 |
| **Commodity — 19.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Harbor Commodity All Weather Strategy ETF<sup>†</sup> | 422540 | 11302945 |
| Total Exchange-Traded Funds |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $41,634,636) |  | 43834021 |
| **CLOSED-END FUND — 22.5%** |  |  |
| **Commodity — 22.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Sprott Physical Gold Trust<sup>\*†</sup> | 358523 | 13071749 |
| Total Closed-End Fund |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $7,654,923) |  | 13071749 |
| Total Investments - 97.8% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $49,289,559) |  | $56905770 |

---

Percentages are based on Net Assets of $58,191,225.

\* Non-income producing security.

---

| | |
|:---|:---|
| <sup>†</sup> | Represents greater than 10% of the Fund's total investments. For further information, please go to the Securities and Exchange Commission's website at https://www.SEC.gov. |

---

ETF — Exchange-Traded Fund

FTSE — Financial Times Stock Exchange <br> S&P — Standard & Poor's

PMV-QH-001-0700

## 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:** PMV Adaptive Risk Parity ETF

- **b. EDGAR series identifier (if any):** S000079261

- **c. LEI of Series:** 5493009AWY4WDEXQDM62

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $58343823.60

**Total Liabilities:** $150685.13

**Net Assets:** $58193138.47

**Cash Not Reported:** $1434961.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240238 | 5.83%                | 0.77%                | 1.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $372748.10               | $2845697.44                                |
| Month 2  | $1427371.38              | $-1191073.13                               |
| Month 3  | $721769.74               | $-120638.52                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vanguard Tax Managed Fund FTSE Developed Markets ETF                             | VANGUARD FTSE DEVELOPED ETF MUTUAL FUND  | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |    291267 | NS      | $19281875.40  | 33.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard 500 Index Fund                                                          | VANGUARD S&P 500 ETF MUTUAL FUND         | CUSIP: 922908363<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11490 | NS      | $7310167.80   | 12.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds - Vanguard Emerging Markets Stock Inde | VANGUARD FTSE EMERGING MARKE MUTUAL FUND | CUSIP: 922042858<br>LEI: YNHDFX2L9SSID3XIIE57 | Long             | EC               | RF                | US        |     50561 | NS      | $2855179.67   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold Trust                                                       | SPROTT PHYSICAL GOLD TRUST MUTUAL FUND   | CUSIP: 85207H104<br>LEI: N/A                  | Long             | EC               |  | US        |    358523 | NS      | $13071748.58  | 22.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1                                                       | INVESCO QQQ TRUST SERIES 1 MUTUAL FUND   | CUSIP: N/A<br>LEI: 549300VY6FEJBCIMET58       | Long             | EC               | RF                | US        |      4959 | NS      | $3083853.33   | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Harbor Commodity All-Weather Strategy ETF                                        | HARBOR COMMODITY ALL WEATHER MUTUAL FUND | CUSIP: 41151J505<br>LEI: N/A                  | Long             | EC               | RF                | US        |    422540 | NS      | $11302945.00  | 19.42%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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