THE ADVISORS’ INNER CIRCLE FUND II | REAVES UTILITIES AND ENERGY | |
INFRASTRUCTURE FUND | ||
April 30, 2021 (Unaudited) |
SCHEDULE OF INVESTMENTS
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COMMON STOCK — 99.5% | ||||||||
Shares | Value | |||||||
COMMUNICATION SERVICES — 27.9% | ||||||||
Alphabet, Cl A * | 1,040 | $ | 2,447,640 | |||||
Altice USA, Cl A * | 66,905 | 2,429,321 | ||||||
Charter Communications, Cl A * | 4,170 | 2,808,286 | ||||||
Comcast, Cl A | 35,198 | 1,976,368 | ||||||
Liberty Latin America, Cl A * | 142,965 | 1,985,069 | ||||||
Shaw Communications, Cl B | 70,700 | 2,045,351 | ||||||
T-Mobile US * | 15,726 | 2,077,876 | ||||||
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15,769,911 | ||||||||
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ELECTRIC UTILITIES — 7.8% | ||||||||
Exelon | 35,350 | 1,588,629 | ||||||
NextEra Energy | 36,580 | 2,835,316 | ||||||
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4,423,945 | ||||||||
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INDUSTRIALS — 12.2% | ||||||||
Canadian National Railway | 20,715 | 2,229,970 | ||||||
Kansas City Southern | 8,635 | 2,523,233 | ||||||
Union Pacific | 9,679 | 2,149,609 | ||||||
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6,902,812 | ||||||||
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MULTI-UTILITIES — 22.2% | ||||||||
Alliant Energy | 43,341 | 2,434,464 | ||||||
Ameren | 23,515 | 1,995,013 | ||||||
CMS Energy | 36,930 | 2,377,923 | ||||||
Enel SpA ADR | 198,105 | 1,959,258 | ||||||
Public Service Enterprise Group | 27,915 | 1,763,111 | ||||||
Xcel Energy | 28,560 | 2,036,328 | ||||||
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12,566,097 | ||||||||
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REAL ESTATE — 24.2% | ||||||||
Americold Realty Trust REIT | 43,975 | 1,776,150 | ||||||
CoreSite Realty REIT | 18,080 | 2,196,539 | ||||||
Crown Castle International REIT | 12,125 | 2,292,353 | ||||||
Equinix REIT | 3,500 | 2,522,660 | ||||||
Prologis REIT | 19,505 | 2,272,918 | ||||||
SBA Communications, Cl A, REIT | 8,740 | 2,619,553 | ||||||
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13,680,173 | ||||||||
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WATER UTILITIES — 5.2% | ||||||||
American Water Works | 18,690 | 2,915,453 | ||||||
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TOTAL COMMON STOCK | 56,258,391 | |||||||
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THE ADVISORS’ INNER CIRCLE FUND II | REAVES UTILITIES AND ENERGY | |
INFRASTRUCTURE FUND | ||
April 30, 2021 (Unaudited) |
SHORT-TERM INVESTMENT (A) — 0.5% | ||||||||
Shares | Value | |||||||
SEI Daily Income Trust Treasury II Fund, Cl F, 0.010% | 307,940 | $ | 307,940 | |||||
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TOTAL INVESTMENTS— 100.0% | $ | 56,566,331 | ||||||
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Percentages are based on Net Assets of $56,558,443. |
* | Non-income producing security. |
(A) | The rate reported is the 7-day effective yield as of April 30, 2021. |
ADR — American Depositary Receipt
Cl — Class
REIT — Real Estate Investment Trust
As of April 30, 2021, all of the Fund’s investments in securities were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
For the period ended April 30, 2021, there were no transfers in or out of Level 3.
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 annual or semi-annual financial statements.
WHR-QH-001-3400
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