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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR Bbg Barclays International Treasury Bond ETF</name>
        <lei>N/A</lei>
        <title>SPDR BBG BARC INTL TREASURY MUTUAL FUND</title>
        <cusip>78464A516</cusip>
        <identifiers>
          <isin value="US78464A5166"/>
        </identifiers>
        <balance>2721.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78718.53000000</valUSD>
        <pctVal>0.505408018793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Real Estate Index Fund</name>
        <lei>N/A</lei>
        <title>VANGUARD REAL ESTATE ETF MUTUAL FUND</title>
        <cusip>922908553</cusip>
        <identifiers>
          <isin value="US9229085538"/>
        </identifiers>
        <balance>13997.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1314738.21000000</valUSD>
        <pctVal>8.441204808432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares MSCI Emerging Markets ETF</name>
        <lei>N/A</lei>
        <title>ISHARES MSCI EMERGING MARKET MUTUAL FUND</title>
        <cusip>464287234</cusip>
        <identifiers>
          <isin value="US4642872349"/>
        </identifiers>
        <balance>25327.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1066519.97000000</valUSD>
        <pctVal>6.847533167118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Trust North American Energy Infrastructure</name>
        <lei>N/A</lei>
        <title>FIRST TRUST NORTH AMERICAN E MUTUAL FUND</title>
        <cusip>33738D101</cusip>
        <identifiers>
          <isin value="US33738D1019"/>
        </identifiers>
        <balance>24751.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>636100.70000000</valUSD>
        <pctVal>4.084049772530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ishares S&amp;P 500</name>
        <lei>N/A</lei>
        <title>ISHARES CORE S&amp;P 500 ETF MUTUAL FUND</title>
        <cusip>464287200</cusip>
        <identifiers>
          <isin value="US4642872000"/>
        </identifiers>
        <balance>6137.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1983723.88000000</valUSD>
        <pctVal>12.73639073322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ishares Msci Eafe Small Cap Index Fund</name>
        <lei>N/A</lei>
        <title>ISHARES MSCI EAFE SMALL-CAP MUTUAL FUND</title>
        <cusip>464288273</cusip>
        <identifiers>
          <isin value="US4642882736"/>
        </identifiers>
        <balance>6057.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>362874.87000000</valUSD>
        <pctVal>2.329818266636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares iBoxx $ Investment Grade Corporate Bond ETF</name>
        <lei>N/A</lei>
        <title>ISHARES IBOXX INVESTMENT GRA MUTUAL FUND</title>
        <cusip>464287242</cusip>
        <identifiers>
          <isin value="US4642872422"/>
        </identifiers>
        <balance>4381.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>574305.29000000</valUSD>
        <pctVal>3.687295720610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares MSCI Frontier 100 ETF</name>
        <lei>N/A</lei>
        <title>ISHARES MSCI FRONTIER 100 MUTUAL FUND</title>
        <cusip>464286145</cusip>
        <identifiers>
          <isin value="US4642861458"/>
        </identifiers>
        <balance>12352.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>378218.24000000</valUSD>
        <pctVal>2.428329534991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Money Market Obligations Trust: Federated Government Obligations Fund; Premier Shares</name>
        <lei>N/A</lei>
        <title>FEDERATED GOVT OBLI FD-PRM #117</title>
        <cusip>608919718</cusip>
        <identifiers>
          <isin value="US6089197189"/>
        </identifiers>
        <balance>354755.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>354755.41000000</valUSD>
        <pctVal>2.277687717549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares MSCI Global Gold Miners ETF</name>
        <lei>N/A</lei>
        <title>ISHARES MSCI GLOBAL GOLD MIN MUTUAL FUND</title>
        <cusip>46434G855</cusip>
        <identifiers>
          <isin value="US46434G8556"/>
        </identifiers>
        <balance>15967.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>379535.59000000</valUSD>
        <pctVal>2.436787508654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares iBoxx $ High Yield Corporate Bond Fund</name>
        <lei>N/A</lei>
        <title>ISHARES IBOXX HIGH YLD CORP MUTUAL FUND</title>
        <cusip>464288513</cusip>
        <identifiers>
          <isin value="US4642885135"/>
        </identifiers>
        <balance>4268.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>373578.04000000</valUSD>
        <pctVal>2.398537384543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VanEck Vectors JP Morgan EM Local Currency Bd ETF</name>
        <lei>N/A</lei>
        <title>VANECK JPM EM LOCAL CCY BOND MUTUAL FUND</title>
        <cusip>92189H300</cusip>
        <identifiers>
          <isin value="US92189H3003"/>
        </identifiers>
        <balance>14172.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>475895.76000000</valUSD>
        <pctVal>3.055462712705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Core US Aggregate Bond ETF</name>
        <lei>N/A</lei>
        <title>ISHARES CORE U.S. AGGREGATE MUTUAL FUND</title>
        <cusip>464287226</cusip>
        <identifiers>
          <isin value="US4642872265"/>
        </identifiers>
        <balance>10491.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1202793.15000000</valUSD>
        <pctVal>7.722467670069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Senior Loan ETF</name>
        <lei>N/A</lei>
        <title>INVESCO SENIOR LOAN ETF MUTUAL FUND</title>
        <cusip>46138G508</cusip>
        <identifiers>
          <isin value="US46138G5080"/>
        </identifiers>
        <balance>20360.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>460339.60000000</valUSD>
        <pctVal>2.955585237787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Commodities Select Strategy ETF</name>
        <lei>N/A</lei>
        <title>ISHARES COMMOD SELECT STRAT MUTUAL FUND</title>
        <cusip>46431W853</cusip>
        <identifiers>
          <isin value="US46431W8534"/>
        </identifiers>
        <balance>23501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>707380.10000000</valUSD>
        <pctVal>4.541695263811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>THE ADVISORS' INNER CIRCLE FUND II</ncom:nameOfApplicant>
      <ncom:signature>Stephen Connors</ncom:signature>
      <ncom:signerName>Stephen Connors</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
