0001752724-23-228868.txt : 20231016
0001752724-23-228868.hdr.sgml : 20231016
20231016102435
ACCESSION NUMBER: 0001752724-23-228868
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230731
FILED AS OF DATE: 20231016
DATE AS OF CHANGE: 20231016
EFFECTIVENESS DATE: 20231016
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Advisors' Inner Circle Fund II
CENTRAL INDEX KEY: 0000890540
IRS NUMBER: 233040006
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0131
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-07102
FILM NUMBER: 231326558
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
0000890540
S000006467
REAVES INFRASTRUCTURE FUND
C000017674
CLASS A SHARES
RSRAX
C000017675
INSTITUTIONAL CLASS SHARES
RSRFX
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0000890540
XXXXXXXX
811-07102
N-1A
S000006467
true
Advisors' Inner Circle Fund II
811-07102
0000890540
549300OEHDTB2ALCAX69
1 Freedom Valley Drive
Oaks
19456
US-PA
US
877-446-3863
U.S. Bank National Association
425 Walnut Street
Cincinnati
45202
1-800-872-2657
Records as Custodian for Trust
SEI Investments Global Funds Services
1 Freedom Valley Drive
OAKS
19456
610-676-1000
Records as Administrator for Trust
DST SYSTEMS, INC.
311 W. 11th Street
Kansas City
64105
816-435-1000
Records As Transfer Agent For Trust
SEI Investments Distribution Co.
1 Freedom Valley Drive
OAKS
19456
1-610-676-1000
Records as Distributor for Trust
Reaves Asset Management
10 Exchange Place
18th Floor
Jersey City
07302
201-332-4596
Records for Advisor of Trust
N
N
N
N-1A
8
Y
Betty L. Krikorian
N/A
N
Robert Mulhall
N/A
N
Monica Walker
N/A
N
N. Jeffrey Klauder
N/A
Y
Robert A. Nesher
N/A
Y
Bruce Speca
N/A
N
Kathleen Gaffney
N/A
N
Joseph T. Grause, Jr.
N/A
N
Stephen Panner
N/A
1 Freedom Valley Drive
Oaks
19456
XXXXXX
Y
N
N
N
N
N
SEI INVESTMENTS DISTRIBUTION CO.
8-27897
000010690
N/A
N
N
ERNST & YOUNG LLP
42
335800KYQYOKBCE3AN50
N
N
N
N
N
N
N
Reaves Infrastructure Fund
S000006467
5493001NU07FTGFWK120
N
2
0
0
N/A
N
N
Y
N
N/A
0.00000000
0.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
Y
N
Reaves Asset Management
801-13457
000003140
254900WN2TEVPDIY4S09
N
DST SYSTEMS, INC.
84-1963
21B7QCD05XOK0YTYOP98
N
N
N
Bloomberg
254900BF4G8VMW8GG471
N
S&P
549300U4VWNITEKO2881
N
Thomson Reuters Corporation
549300561UZND4C7B569
CA
N
IHS Markit
549300HLPTRASHS0E726
GB
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
Pricing Direct
549300WIC0TOJ7N7GD54
N
N
Citibanamex
N/A
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banco Bilbao Vizcaya Argentaria, Madrid
N/A
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
US BANK, N.A.
N1GZ7BBF3NP8GI976H15
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
The Bank of New York Mellon SA/NV, Asset Servicing, Niederlassung Frankfurt
N/A
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York, London
N/A
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
TD Ameritrade Inc
8-23395
000007870
N
N
DST SYSTEMS, INC.
21B7QCD05XOK0YTYOP98
N
N
First Clearing
8-35158
000017344
N
N
Pershing LLC
8-17574
000007560
N
N
RBC CAPITAL MARKETS CORP.
008-45411
000031194
N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
000010690
N
N
Sterne Agee & Leach
8-11754
000000791
N
N
Charles Schwab
8-16514
000005393
N
N
N
SEI INVESTMENTS GLOBAL FUNDS SERVICES
801-24593
SEC file number
N
N
N
J.P. MORGAN SECURITIES
008-35008
000000079
ZBUT11V806EZRVTWT807
4892.41
WALL STREET FINANCIAL GROUP
008-46964
000035830
N/A
1076.74
BARCLAYS CAPITAL INC
008-41342
000019714
AC28XWWI3WIBK2824319
1645.79
BULLTICK, LLC
008-52493
000104005
5493003JZBSZ4N7GUH90
1517.72
MERRILL LYNCH
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
1401.86
10535
0.00000000
N
34272283
N
N
N
N
false
false
true
false
false
false
INTERNAL CONTROL RPT
2
Reaves_ICL.txt
INTERNAL CONTROL LETTER
Report of Independent Registered Public Accounting
Firm
To the Board of Trustees of The Advisors' Inner
Circle Fund II and
Shareholders of Reaves Infrastructure Fund
In planning and performing our audit of the
financial statements of Reaves Infrastructure Fund
(the "Fund"), one of the series constituting The
Advisors' Inner Circle Fund II (the "Trust"), as of
and for the year ended July 31, 2023, in accordance
with the standards of the Public Company Accounting
Oversight Board (United States) (PCAOB), we
considered the Trust's 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 Trust's internal control
over financial reporting. Accordingly, we express no
such opinion.
The management of the Trust 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 company'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 U.S. generally accepted
accounting principles. A company'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 company; (2) provide reasonable
assurance that transactions are recorded as
necessary to permit preparation of financial
statements in accordance with U.S. generally
accepted accounting principles, and that receipts
and expenditures of the company are being made only
in accordance with authorizations of management and
directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of a
company'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 a combination of deficiencies, in internal
control over financial reporting, such that there is
a reasonable possibility that a material
misstatement of the Fund's annual or interim
financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Trust's 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 Trust's 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, 2023.
This report is intended solely for the information
and use of management and the Board of Trustees of
The Advisors' Inner Circle Fund II and the
Securities and Exchange Commission and is not
intended to be and should not be used by anyone
other than these specified parties.
/s/ Ernst & Young LLP
Philadelphia, Pennsylvania
September 28, 2023
2