# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0001752724-25-210927
**Filing Date:** 2025-8
**Character Count:** 38176
**Document Hash:** 87d40ea4691a0efdaa7ee5f222be31e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210927.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210927

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250930

**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:** 251269792

**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 Global Environmental Change Fund (Series ID: S000087835)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000253847 | Y Shares     | VNEYX           |
| C000253848 | A Shares     | VNEAX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL**<br> **U.S. EQUITY FUND**<br> **JUNE 30, 2025**<br> **(UNAUDITED)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK — 97.8%**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Communication Services — 9.1%** | **Communication Services — 9.1%** |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 4980 | $877626 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 1233 | 910065 |
|  |  | 1787691 |
| **Consumer Discretionary — 9.1%** | **Consumer Discretionary — 9.1%** |  |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 5117 | 1122618 |
| &nbsp;&nbsp;&nbsp;AutoZone \* | 53 | 196748 |
| &nbsp;&nbsp;&nbsp;Booking Holdings | 40 | 231570 |
| &nbsp;&nbsp;&nbsp;Home Depot | 603 | 221084 |
|  |  | 1772020 |
| **Consumer Staples — 10.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Casey's General Stores | 793 | 404644 |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 13818 | 977623 |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 5295 | 357095 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 2213 | 292205 |
|  |  | 2031567 |
| **Financials — 15.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B \* | 510 | 247743 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 2636 | 726534 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange | 5021 | 921203 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 1357 | 762552 |
| &nbsp;&nbsp;&nbsp;Progressive | 1438 | 383745 |
|  |  | 3041777 |
| **Health Care — 13.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 5855 | 796339 |
| &nbsp;&nbsp;&nbsp;Boston Scientific \* | 3649 | 391939 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories \* | 819 | 439262 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | 1292 | 523854 |
| &nbsp;&nbsp;&nbsp;Zoetis, Cl A | 2963 | 462080 |
|  |  | 2613474 |
| **Industrials — 10.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Copart \* | 5432 | 266548 |
| &nbsp;&nbsp;&nbsp;Ferguson Enterprises | 2242 | 488196 |
| &nbsp;&nbsp;&nbsp;RB Global | 7352 | 780709 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 1979 | 455328 |
|  |  | 1990781 |
| **Information Technology — 22.3%** | **Information Technology — 22.3%** |  |
| &nbsp;&nbsp;&nbsp;Accenture, Cl A | 622 | 185909 |
| &nbsp;&nbsp;&nbsp;Adobe \* | 1124 | 434853 |
| &nbsp;&nbsp;&nbsp;Akamai Technologies \* | 2418 | 192860 |
| &nbsp;&nbsp;&nbsp;Amphenol, Cl A | 5636 | 556555 |
| &nbsp;&nbsp;&nbsp;Intuit | 936 | 737222 |
| &nbsp;&nbsp;&nbsp;KLA | 219 | 196167 |
| &nbsp;&nbsp;&nbsp;Microsoft | 2454 | 1220644 |
| &nbsp;&nbsp;&nbsp;ServiceNow \* | 200 | 205616 |
| &nbsp;&nbsp;&nbsp;Synopsys \* | 847 | 434240 |
| &nbsp;&nbsp;&nbsp;Workday, Cl A \* | 803 | 192720 |
|  |  | 4356786 |
| **Materials — 5.6%** |  |  |
| &nbsp;&nbsp;&nbsp;CRH | 3724 | 341863 |
| &nbsp;&nbsp;&nbsp;Ecolab | 2006 | 540497 |
| &nbsp;&nbsp;&nbsp;Vulcan Materials | 854 | 222740 |
|  |  | 1105100 |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **Real Estate — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;American Tower | 2004 | $442924 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,672,368) |  | 19142120 |
| TOTAL INVESTMENTS — 97.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,672,368) |  | $19142120 |

---

 

*Percentages are based on Net Assets of $19,582,566.*

\* *Non-income producing security.*

*Cl — Class*

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund's most recent financial statements.

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL** |
|  | **GLOBAL ENVIRONMENTAL CHANGE FUND** |
|  | **JUNE 30, 2025** |
| | **(UNAUDITED)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK — 99.1%<sup>#</sup>** 

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **AUSTRIA — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ANDRITZ | 2446 | $181808 |
| **CANADA — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Stantec | 2149 | 233830 |
| &nbsp;&nbsp;&nbsp;**Materials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;West Fraser Timber | 1871 | 137204 |
|  |  | 371034 |
| **CHINA — 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.4%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;BYD, Cl H | 12000 | 187263 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Contemporary Amperex Technology, Cl A | 6200 | 218235 |
|  |  | 405498 |
| **DENMARK — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Vestas Wind Systems | 5777 | 86668 |
| **FRANCE — 7.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 5.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Alstom \* | 6958 | 162285 |
| &nbsp;&nbsp;&nbsp;Cie de Saint-Gobain | 2721 | 319367 |
| &nbsp;&nbsp;&nbsp;Schneider Electric | 888 | 236192 |
|  |  | 717844 |
| &nbsp;&nbsp;&nbsp;**Materials — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Liquide | 968 | 199705 |
| &nbsp;&nbsp;&nbsp;**Utilities — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Veolia Environnement | 3263 | 116271 |
|  |  | 1033820 |
| **GERMANY — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;KION Group | 2656 | 147797 |
| &nbsp;&nbsp;&nbsp;Siemens | 899 | 230487 |
|  |  | 378284 |
| **ITALY — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Prysmian | 5015 | 354682 |
| **JAPAN — 5.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Hoya | 900 | 107215 |
| &nbsp;&nbsp;&nbsp;**Industrials — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Daifuku | 9995 | 258334 |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **JAPAN — continued** |  |  |
| &nbsp;&nbsp;&nbsp;East Japan Railway | 11156 | $240775 |
|  |  | 499109 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Murata Manufacturing | 9112 | 136296 |
|  |  | 742620 |
| **NETHERLANDS — 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;ASM International | 308 | 197151 |
| &nbsp;&nbsp;&nbsp;ASML Holding | 386 | 308098 |
| &nbsp;&nbsp;&nbsp;NXP Semiconductors | 1362 | 297583 |
|  |  | 802832 |
| **SPAIN — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Utilities — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;EDP Renovaveis | 10959 | 122315 |
| &nbsp;&nbsp;&nbsp;Iberdrola | 20324 | 389994 |
|  |  | 512309 |
| **TAIWAN — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — 2.8%** | &nbsp;&nbsp;&nbsp;**Information Technology — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;Chroma ATE | 13145 | 199119 |
| &nbsp;&nbsp;&nbsp;Delta Electronics | 12000 | 169656 |
|  |  | 368775 |
| **UNITED KINGDOM — 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Intertek Group | 2278 | 148214 |
| &nbsp;&nbsp;&nbsp;Spirax Group | 1152 | 94166 |
|  |  | 242380 |
| &nbsp;&nbsp;&nbsp;**Utilities — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;National Grid | 22141 | 322609 |
|  |  | 564989 |
| **UNITED STATES — 55.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.9%** | &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;LKQ | 3220 | 119172 |
| &nbsp;&nbsp;&nbsp;**Industrials — 23.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Carrier Global | 2013 | 147331 |
| &nbsp;&nbsp;&nbsp;Clean Harbors \* | 673 | 155584 |
| &nbsp;&nbsp;&nbsp;Ferguson Enterprises | 1089 | 237130 |
| &nbsp;&nbsp;&nbsp;Hubbell, Cl B | 473 | 193178 |
| &nbsp;&nbsp;&nbsp;Jacobs Solutions | 1567 | 205982 |
| &nbsp;&nbsp;&nbsp;Johnson Controls International | 1854 | 195820 |
| &nbsp;&nbsp;&nbsp;MasTec \* | 889 | 151512 |
| &nbsp;&nbsp;&nbsp;nVent Electric | 2656 | 194552 |
| &nbsp;&nbsp;&nbsp;Quanta Services | 662 | 250289 |
| &nbsp;&nbsp;&nbsp;Regal Rexnord | 1286 | 186419 |
| &nbsp;&nbsp;&nbsp;Trane Technologies | 607 | 265508 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 1051 | 241814 |
| &nbsp;&nbsp;&nbsp;Veralto | 1459 | 147286 |
| &nbsp;&nbsp;&nbsp;Waste Management | 1061 | 242778 |
| &nbsp;&nbsp;&nbsp;Xylem | 2070 | 267775 |
|  |  | 3082958 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND II** | **VONTOBEL**<br> **GLOBAL ENVIRONMENTAL CHANGE FUND**<br> **JUNE 30, 2025**<br> **(UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **UNITED STATES — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — 20.1%** | &nbsp;&nbsp;&nbsp;**Information Technology — 20.1%** |  |
| &nbsp;&nbsp;&nbsp;ANSYS \* | 1137 | $399337 |
| &nbsp;&nbsp;&nbsp;Applied Materials | 1335 | 244398 |
| &nbsp;&nbsp;&nbsp;Autodesk \* | 732 | 226605 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems \* | 812 | 250218 |
| &nbsp;&nbsp;&nbsp;First Solar \* | 768 | 127135 |
| &nbsp;&nbsp;&nbsp;Itron \* | 1695 | 223113 |
| &nbsp;&nbsp;&nbsp;Marvell Technology | 3028 | 234367 |
| &nbsp;&nbsp;&nbsp;PTC \* | 860 | 148212 |
| &nbsp;&nbsp;&nbsp;Roper Technologies | 496 | 281153 |
| &nbsp;&nbsp;&nbsp;Trimble \* | 2050 | 155759 |
| &nbsp;&nbsp;&nbsp;Universal Display | 1089 | 168207 |
| &nbsp;&nbsp;&nbsp;Zebra Technologies, Cl A \* | 622 | 191800 |
|  |  | 2650304 |
| &nbsp;&nbsp;&nbsp;**Materials — 6.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Ecolab | 1068 | 287762 |
| &nbsp;&nbsp;&nbsp;Linde | 857 | 402087 |
| &nbsp;&nbsp;&nbsp;Smurfit WestRock GBP | 3458 | 149139 |
| &nbsp;&nbsp;&nbsp;Smurfit WestRock USD | 939 | 40518 |
|  |  | 879506 |
| &nbsp;&nbsp;&nbsp;**Utilities — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;American Water Works | 1839 | 255823 |
| &nbsp;&nbsp;&nbsp;NextEra Energy | 3883 | 269558 |
|  |  | 525381 |
|  |  | 7257321 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $10,439,747) |  | 13060640 |
| TOTAL INVESTMENTS — 99.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $10,439,747) |  | $13060640 |

---

*Percentages are based on Net Assets of $13,175,921.*

# *More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.*

\* *Non-income producing security.*

*Cl — Class*

For information on the Fund's policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund's most recent financial statements.

## 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 Global Environmental Change

- **b. EDGAR series identifier (if any):** S000087835

- **c. LEI of Series:** 2549000DDDO29FMG2A67

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $13222328.59

**Total Liabilities:** $46407.92

**Net Assets:** $13175920.67

**Cash Not Reported:** $13731.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253847 | 5.46%                | 6.13%                | 1.56%                |
| Class ID C000253848 | 5.52%                | 6.11%                | 1.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $31370.39                | $627412.20                                 |
| Month 2  | $29016.75                | $664966.31                                 |
| Month 3  | $-7049.00                | $183836.31                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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        |       968 | NS      | $199704.95    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSTOM SA                                                                                   | ALSTOM COMMON STOCK                            | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | EC               |  | FR        |      6958 | NS      | $162284.76    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS COMPANY, INC.                                                          | AMERICAN WATER WORKS CO INC COMMON STOCK       | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               |  | US        |      1839 | NS      | $255823.29    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Andritz AG                                                                                  | ANDRITZ AG COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               |  | AT        |      2446 | NS      | $181808.39    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS, INC.                                                                                 | ANSYS INC COMMON STOCK                         | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               |  | US        |      1137 | NS      | $399337.14    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                                                                     | APPLIED MATERIALS INC COMMON STOCK             | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               |  | US        |      1335 | NS      | $244398.45    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                                                                      | ASM INTERNATIONAL NV COMMON STOCK              | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               |  | NL        |       308 | NS      | $197150.77    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                                                           | ASML HOLDING NV COMMON STOCK                   | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               |  | NL        |       386 | NS      | $308097.96    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                                                              | AUTODESK INC COMMON STOCK                      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               |  | US        |       732 | NS      | $226605.24    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | BROWN BROTHERS HARRIMAN SWEEP INTEREST         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |     92772 | PA      | $92772.30     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD COMPANY LIMITED                                                                         | BYD CO LTD-H COMMON STOCK                      | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               |  | HK        |     12000 | NS      | $187262.34    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                                                                | CADENCE DESIGN SYS INC COMMON STOCK            | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               |  | US        |       812 | NS      | $250217.80    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORPORATION                                                                  | CARRIER GLOBAL CORP COMMON STOCK               | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               |  | US        |      2013 | NS      | $147331.47    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CHROMA ATE INC.                                                                             | CHROMA ATE INC COMMON STOCK                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | TW        |     13145 | NS      | $199118.94    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAN HARBORS, INC.                                                                         | CLEAN HARBORS INC COMMON STOCK                 | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               |  | US        |       673 | NS      | $155584.14    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                                                                | COMPAGNIE DE SAINT GOBAIN COMMON STOCK         | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               |  | FR        |      2721 | NS      | $319367.25    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co., Ltd.                                                   | CONTEMPORARY AMPEREX TECHN-A COMMON STOCK      | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               |  | CN        |      6200 | NS      | $218235.15    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIFUKU CO.,LTD.                                                                            | DAIFUKU CO LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: 3538006FG1W4X3MYHL36       | Long             | EC               |  | JP        |      9995 | NS      | $258334.02    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONICS, INC.                                                                     | DELTA ELECTRONICS INC COMMON STOCK             | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               |  | TW        |     12000 | NS      | $169656.31    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| East Japan Railway Company                                                                  | EAST JAPAN RAILWAY CO COMMON STOCK             | CUSIP: N/A<br>LEI: 353800SENYJ2DSM6PS44       | Long             | EC               |  | JP        |     11156 | NS      | $240775.31    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC.                                                                                 | ECOLAB INC COMMON STOCK                        | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               |  | US        |      1068 | NS      | $287761.92    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis, S.A.                                                                        | EDP RENOVAVEIS SA COMMON STOCK                 | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               |  | PT        |     10959 | NS      | $122314.60    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC.                                                                   | FERGUSON ENTERPRISES INC COMMON STOCK          | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               |  | US        |      1089 | NS      | $237129.75    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR, INC.                                                                           | FIRST SOLAR INC COMMON STOCK                   | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               |  | US        |       768 | NS      | $127134.72    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BAML                                                                                        | FX Forward Contract: HKD/USD SETTLE 2025-07-02 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | HK        |         1 | NC      | $-1.08        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HOYA CORPORATION                                                                            | HOYA CORP COMMON STOCK                         | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               |  | JP        |       900 | NS      | $107215.03    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INCORPORATED                                                                        | HUBBELL INC COMMON STOCK                       | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               |  | US        |       473 | NS      | $193177.93    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                                                                             | IBERDROLA SA COMMON STOCK                      | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               |  | ES        |     20324 | NS      | $389994.42    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERTEK GROUP PLC                                                                          | INTERTEK GROUP PLC COMMON STOCK                | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               |  | GB        |      2278 | NS      | $148214.46    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ITRON, INC.                                                                                 | ITRON INC COMMON STOCK                         | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               |  | US        |      1695 | NS      | $223112.85    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS SOLUTIONS INC.                                                                       | JACOBS SOLUTIONS INC COMMON STOCK              | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               |  | US        |      1567 | NS      | $205982.15    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTERNATIONAL PLC                                                          | JOHNSON CONTROLS INTERNATION COMMON STOCK      | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               |  | US        |      1854 | NS      | $195819.48    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KION GROUP AG                                                                               | KION GROUP AG COMMON STOCK                     | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               |  | DE        |      2656 | NS      | $147797.16    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                                                                | LINDE PLC COMMON STOCK                         | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               |  | US        |       857 | NS      | $402087.26    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORPORATION                                                                             | LKQ CORP COMMON STOCK                          | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               |  | US        |      3220 | NS      | $119172.20    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                                                                     | MARVELL TECHNOLOGY INC COMMON STOCK            | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               |  | US        |      3028 | NS      | $234367.20    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTEC, INC.                                                                                | MASTEC INC COMMON STOCK                        | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               |  | US        |       889 | NS      | $151512.27    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co., Ltd.                                                              | MURATA MANUFACTURING CO LTD COMMON STOCK       | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               |  | JP        |      9112 | NS      | $136295.60    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                                                                           | NATIONAL GRID PLC COMMON STOCK                 | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               |  | GB        |     22141 | NS      | $322608.47    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                                                                        | NEXTERA ENERGY INC COMMON STOCK                | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               |  | US        |      3883 | NS      | $269557.86    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PUBLIC LIMITED COMPANY                                                       | NVENT ELECTRIC PLC COMMON STOCK                | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               |  | US        |      2656 | NS      | $194552.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N.V.                                                                     | NXP SEMICONDUCTORS NV COMMON STOCK             | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               |  | US        |      1362 | NS      | $297583.38    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PRYSMIAN S.P.A.                                                                             | PRYSMIAN SPA COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               |  | IT        |      5015 | NS      | $354682.48    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC.                                                                                    | PTC INC COMMON STOCK                           | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               |  | US        |       860 | NS      | $148212.40    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                                                                       | QUANTA SERVICES INC COMMON STOCK               | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               |  | US        |       662 | NS      | $250288.96    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                                                                   | REGAL REXNORD CORP COMMON STOCK                | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               |  | US        |      1286 | NS      | $186418.56    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                                                                    | ROPER TECHNOLOGIES INC COMMON STOCK            | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               |  | US        |       496 | NS      | $281152.64    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                                       | SCHNEIDER ELECTRIC SE COMMON STOCK             | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               |  | FR        |       888 | NS      | $236191.91    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Aktiengesellschaft                                                                  | SIEMENS AG-REG COMMON STOCK                    | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               |  | DE        |       899 | NS      | $230487.02    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY                                                     | SMURFIT WESTROCK PLC COMMON STOCK              | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               |  | US        |       939 | NS      | $40517.85     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY                                                     | SMURFIT WESTROCK PLC COMMON STOCK              | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               |  | GB        |      3458 | NS      | $149138.47    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRAX GROUP PLC                                                                            | SPIRAX GROUP PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 213800WFVZQMHOZP2W17       | Long             | EC               |  | GB        |      1152 | NS      | $94165.71     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc.                                                                                | STANTEC INC COMMON STOCK                       | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               |  | CA        |      2149 | NS      | $233829.51    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                                                      | TRANE TECHNOLOGIES PLC COMMON STOCK            | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               |  | US        |       607 | NS      | $265507.87    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                                                                                | TRIMBLE INC COMMON STOCK                       | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               |  | US        |      2050 | NS      | $155759.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORPORATION                                                                   | UNION PACIFIC CORP COMMON STOCK                | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               |  | US        |      1051 | NS      | $241814.08    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL DISPLAY CORPORATION                                                               | UNIVERSAL DISPLAY CORP COMMON STOCK            | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               |  | US        |      1089 | NS      | $168206.94    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                                                     | VEOLIA ENVIRONNEMENT COMMON STOCK              | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               |  | FR        |      3263 | NS      | $116270.78    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| VERALTO CORPORATION                                                                         | VERALTO CORP COMMON STOCK                      | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               |  | US        |      1459 | NS      | $147286.05    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S                                                                     | VESTAS WIND SYSTEMS A/S COMMON STOCK           | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               |  | DK        |      5777 | NS      | $86667.54     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT, INC.                                                                      | WASTE MANAGEMENT INC COMMON STOCK              | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               |  | US        |      1061 | NS      | $242778.02    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co. Ltd.                                                                 | WEST FRASER TIMBER CO LTD COMMON STOCK         | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               |  | CA        |      1871 | NS      | $137204.38    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| XYLEM INC.                                                                                  | XYLEM INC COMMON STOCK                         | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               |  | US        |      2070 | NS      | $267775.20    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                                                              | ZEBRA TECHNOLOGIES CORP-CL A COMMON STOCK      | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               |  | US        |       622 | NS      | $191799.92    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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