0001576367-25-000058.txt : 20250926 0001576367-25-000058.hdr.sgml : 20250926 20250926104200 ACCESSION NUMBER: 0001576367-25-000058 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20250731 FILED AS OF DATE: 20250926 DATE AS OF CHANGE: 20250926 EFFECTIVENESS DATE: 20250926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORUM FUNDS II CENTRAL INDEX KEY: 0001576367 ORGANIZATION NAME: EIN: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22842 FILM NUMBER: 251346740 BUSINESS ADDRESS: STREET 1: THREE CANAL PLAZA, SUITE 600 CITY: PORTLAND STATE: ME ZIP: 04101 BUSINESS PHONE: 207-347-2000 MAIL ADDRESS: STREET 1: THREE CANAL PLAZA, SUITE 600 CITY: PORTLAND STATE: ME ZIP: 04101 0001576367 S000050282 ABR Dynamic Blend Equity & Volatility Fund C000158764 Institutional Shares ABRVX C000158765 Investor Shares ABRTX 0001576367 S000059153 ABR 50/50 Volatility Fund C000193875 Institutional Shares ABRSX C000193876 Investor Shares ABRJX 0001576367 S000069138 ABR 75/25 VOLATILITY FUND C000220967 Institutional Shares VOLSX C000220968 Investor Shares VOLJX N-CEN 1 primary_doc.xml X0505 N-CEN LIVE 0001576367 XXXXXXXX 811-22842 false false N-1A S000069138 true S000059153 true S000050282 true FORUM FUNDS II 811-22842 0001576367 254900TLXB82MZSZFI87 190 Middle Street, Suite 101 Portland 04101 US-ME US 207-347-2000 Apex Fund Services 190 Middle Street Suite 101 Portland 04101 207-347-2000 Records as Administrator and Transfer Agent for Trust ABR Dynamic Funds, LLC 17 State Street, Suite 725 New York 10004 855-422-4518 Records as Adviser for Fund Foreside Fund Services, LLC 190 Middle Street, Suite 301 Portland 04101 866-251-6920 Records as Distributor for Trust U.S. Bank 1555 N. Rivercenter Dr., Ste 302 Milwaukee 53212 414-276-3737 Records as Custodian for Trust N N N-1A 6 Y Karen Shaw N/A Y Jennifer Brown-Strabley N/A N David Tucker N/A N Mark D. Moyer N/A N Carlyn Edgar N/A Three Canal Plaza, Suite 600 Portland 04101 XXXXXX N N N N N N N Foreside Fund Services, LLC 008-51293 000046106 N/A N N Cohen & Company 925 894500VWSNITUVG9E667 N N N N N N N ABR 75/25 VOLATILITY FUND S000069138 254900XXF336Z8L7F314 N 2 0 0 N/A Y N N N N/A N/A N/A Rule 18f-4 (17 CFR 270.18f-4) Y Y Y N ABR Dynamic Funds, LLC 801-80044 000171847 635400XKUG9NUKSTWL35 N Apex Fund Services 84-06277 N/A Y N N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N U.S. Bank, N.A. H85Z6XZP8b10ES0m2G89 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Apex Fund Services 84-06277 Y N N Apex Fund Services N/A Y N N Foreside Fund Services, LLC 8-51293 000046106 N/A 0 ED&F MAN CAPITAL MARKETS INC. 8-69039 000161014 5493006BWPDUCYG6EQ34 474521.77000000 INTL FCSTONE FINANCIAL INC. 8-51269 000045993 549300LNKU6K5TJCRG93 234792.00000000 709313.77 INTL FCSTONE FINANCIAL INC. 8-51269 000045993 549300LNKU6K5TJCRG93 1180888502.53000000 1180888502.53 N 250755499 N N N N ABR 50/50 VOLATILITY FUND S000059153 254900E32KF9MXH42514 N 2 0 0 N/A N N N N N/A N/A N/A Rule 18f-4 (17 CFR 270.18f-4) Y Y Y N ABR Dynamic Funds, LLC 801-80044 000171847 635400XKUG9NUKSTWL35 N Apex Fund Services 84-06277 N/A Y N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg L.P. 549300B56MD0ZC402L06 N N U.S Bank, N.A. H85Z6XZP8b10ES0m2G89 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Apex Fund Services 84-06277 Y N N Apex Fund Services N/A Y N N Foreside Fund Services, LLC 8-51293 000046106 N/A 0 INTL FCSTONE FINANCIAL INC. 8-51269 000045993 549300LNKU6K5TJCRG93 60969.51000000 ED&F MAN CAPITAL MARKETS INC. 8-69039 000161014 5493006BWPDUCYG6EQ34 122108.31000000 183077.82 INTL FCSTONE FINANCIAL INC. 8-51269 000045993 549300LNKU6K5TJCRG93 421506319.73000000 421506319.73 N 47621228 N N N N ABR DYNAMIC BLEND EQUITY & VOLATILITY FUND S000050282 254900CYXXW03OTIXL23 N 2 0 0 N/A N N N N N/A N/A N/A Rule 18f-4 (17 CFR 270.18f-4) Y Y Y N ABR Dynamic Funds, LLC 801-80044 000171847 635400XKUG9NUKSTWL35 N Apex Fund Services 84-06277 N/A Y N N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N U.S. Bank, N.A. H85Z6XZP8b10ES0m2G89 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Apex Fund Services 84-06277 Y N N Apex Fund Services N/A Y N N Foreside Fund Services, LLC 8-51293 000046106 N/A 0 INTL FCSTONE FINANCIAL INC. 8-51269 000045993 549300LNKU6K5TJCRG93 73057.07000000 ED&F MAN CAPITAL MARKETS INC. 8-69039 000161014 5493006BWPDUCYG6EQ34 150453.59000000 223510.66 0 N 94886636 N N N N false false true false false false INTERNAL CONTROL RPT 2 ABR_AuditReport.htm COHEN INTERNAL CONTROL REPORT FFII - ABR
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders of ABR Dynamic Blend Equity & Volatility Fund, ABR 50/50 Volatility Fund, and ABR 75/25 Volatility Fund and the Board of Trustees of Forum Funds II

In planning and performing our audit of the financial statements of ABR Dynamic Blend Equity & Volatility Fund, ABR 50/50 Volatility Fund, and ABR 75/25 Volatility Fund (the “Funds”), each a series of Forum Funds II, as of and for the year ended July 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of July 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

COHEN & COMPANY, LTD.
Philadelphia, Pennsylvania
September 24, 2025