Advisors' Inner Circle Fund II NPORT-P Vontobel International Equity Fund (Sep 2024 report)

THE ADVISORS’ INNER CIRCLE FUND II	Vontobel
	International Equity Fund SEPTEMBER 30, 2024 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 95.1%
	Shares		Value
CANADA — 11.0%
Constellation Software		2,637	$	8,550,650
Descartes Systems Group *		11,403		1,173,393
Intact Financial		21,911		4,207,392
RB Global		37,717		3,035,841
				16,967,276
CHINA — 2.9%
Tencent Holdings		78,296		4,477,884
FRANCE — 6.5%
Air Liquide		9,186		1,771,829
Hermes International		836		2,052,892
L'Oreal		4,999		2,237,266
Schneider Electric		15,243		4,007,788
				10,069,775
GERMANY — 5.8%
Rheinmetall		2,306		1,248,554
SAP		33,643		7,654,733
				8,903,287
IRELAND — 2.1%
Accenture, Cl A		8,987		3,176,725
ITALY — 4.6%
Ferrari		15,310		7,152,677
JAPAN — 13.5%
Disco		3,705		966,432
Keyence		3,504		1,666,609
MonotaRO		225,414		3,760,167
Nomura Research Institute		193,255		7,126,467
Obic		139,315		4,891,171

THE ADVISORS’ INNER CIRCLE FUND II	Vontobel
	International Equity Fund SEPTEMBER 30, 2024 (Unaudited)

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Terumo		127,251	$	2,390,522
				20,801,368
NETHERLANDS — 7.5%
IMCD		18,923		3,283,904
Wolters Kluwer		49,190		8,284,574
				11,568,478
SPAIN — 0.8%
Amadeus IT Group		18,310		1,323,187
SWEDEN — 8.8%
AAK		162,004		5,311,947
Atlas Copco, Cl A		37,382		723,100
Beijer Ref, Cl B		210,710		3,463,820
Epiroc, Cl A		46,065		995,610
Lifco, Cl B		92,893		3,056,843
				13,551,320
TAIWAN — 3.0%
Taiwan Semiconductor Manufacturing ADR		26,550		4,610,938
UNITED KINGDOM — 17.3%
Ashtead Group		14,434		1,116,557
Coca-Cola Europacific Partners		32,358		2,548,193
Flutter Entertainment *		18,589		4,367,845
Halma		129,790		4,525,480
London Stock Exchange Group		54,081		7,389,438
RELX		142,770		6,697,861
				26,645,374
UNITED STATES — 11.3%
Alcon		32,335		3,221,465
Aon, Cl A		13,116		4,538,005
Experian		82,150		4,317,441
Mastercard, Cl A		6,525		3,222,045
Mettler-Toledo International *		1,093		1,639,172

THE ADVISORS’ INNER CIRCLE FUND II	Vontobel
	International Equity Fund SEPTEMBER 30, 2024 (Unaudited)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
Schlumberger		11,888	$	498,702
				17,436,830
TOTAL COMMON STOCK
(Cost $117,092,577)				146,685,119
TOTAL INVESTMENTS — 95.1%
(Cost $117,092,577)			$	146,685,119

	Percentages are based on Net Assets of $154,253,910.
*	Non-income producing security.

ADR — American Depositary Receipt

Cl — Class

THE ADVISORS’ INNER CIRCLE FUND II	Vontobel
	GLOBAL EQUITY FUND SEPTEMBER 30, 2024 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.4%
	Shares		Value
BRAZIL — 1.0%
Raia Drogasil		35,300	$	166,077
CANADA — 5.1%
Constellation Software		161		522,053
RB Global		3,730		300,228
				822,281
FRANCE — 8.8%
Air Liquide		1,744		336,356
EssilorLuxottica		1,514		358,297
L'Oreal		356		159,325
LVMH Moet Hennessy Louis Vuitton		237		181,638
Schneider Electric		1,429		375,722
				1,411,338
GERMANY — 2.6%
SAP		1,823		414,784
HONG KONG — 1.8%
AIA Group		32,200		288,497
INDIA — 3.4%
HDFC Bank		15,760		325,736
Tata Consultancy Services		4,327		220,400
				546,136
INDONESIA — 1.0%
Bank Rakyat Indonesia Persero		510,400		166,875
JAPAN — 1.6%
Hoya		1,900		261,552

THE ADVISORS’ INNER CIRCLE FUND II	Vontobel
	GLOBAL EQUITY FUND SEPTEMBER 30, 2024 (Unaudited)

COMMON STOCK — continued
	Shares		Value
MEXICO — 1.2%
Wal-Mart de Mexico		64,704	$	195,229
TAIWAN — 3.8%
Taiwan Semiconductor Manufacturing ADR		3,543		615,313
UNITED KINGDOM — 12.0%
Ashtead Group		2,883		223,018
Flutter Entertainment *		2,086		490,146
London Stock Exchange Group		4,307		588,493
RELX		13,593		637,697
				1,939,354
UNITED STATES — 56.1%
Abbott Laboratories		4,392		500,732
Adobe *		555		287,368
Alcon		3,284		327,178
Alphabet, Cl C		3,892		650,703
Amazon.com *		4,703		876,310
Becton Dickinson		1,043		251,467
Booking Holdings		51		214,818
Boston Scientific *		3,785		317,183
CME Group, Cl A		2,332		514,556
Coca-Cola		11,271		809,934
Experian		8,738		459,231
Mastercard, Cl A		1,133		559,475
Microsoft		2,274		978,502
Mondelez International, Cl A		5,466		402,681
Nestle		1,459		146,460
NIKE, Cl B		2,116		187,055
ServiceNow *		218		194,977
Sherwin-Williams		430		164,118
Synopsys *		490		248,131
Thermo Fisher Scientific		395		244,335
UnitedHealth Group		784		458,389

THE ADVISORS’ INNER CIRCLE FUND II	Vontobel
	GLOBAL EQUITY FUND SEPTEMBER 30, 2024 (Unaudited)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
Vulcan Materials		1,053	$	263,703
				9,057,306
TOTAL COMMON STOCK
(Cost $14,596,034)				15,884,742
TOTAL INVESTMENTS — 98.4%
(Cost $14,596,034)			$	15,884,742

	Percentages are based on Net Assets of $16,150,142.
*	Non-income producing security.

ADR — American Depositary Receipt

Cl — Class

VON-QH-001-0100