MEITUAN-CLASS B COMMON STOCK

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254900VS1MDQSDM9DE09 FIRST PACIFIC CO COMMON STOCK G34804107 3578000.00000000 NS 2510476.46000000 0.265717170665 Long EC HK N 1 N N N SJM Holdings Limited 529900XEAB40COT5ZL30 SJM HOLDINGS LTD COMMON STOCK N/A 15691000.00000000 NS 4144898.10000000 0.438709788112 Long EC HK N 1 N N N SEABRIDGE GOLD INC. 9845003FEO1A66376A92 SEABRIDGE GOLD INC COMMON STOCK 811916105 934993.00000000 NS USD 26133054.35000000 2.766009310725 Long EC US N 1 N N N Halyk Bank of Kazakhstan Joint Stock Company 213800NYDTVQM4SDUD67 HALYK SAVINGS BANK-GDR REG S DEPOSITARY RECEIPT 46627J302 129785.00000000 NS USD 4451625.50000000 0.471174835361 Long EC GB N 1 N N N BANK VTB PAO 253400V1H6ART1UQ0N98 VTB BANK PJSC COMMON STOCK N/A 2329481.29900000 NS 849848.86000000 0.089950827331 Long EC RU N 3 N N N IVANHOE MINES LTD. 5299006XZISURYIA4G32 IVANHOE MINES LTD-CL A COMMON STOCK 46579R104 1368435.00000000 NS 11081668.94000000 1.172920664224 Long EC CA N 1 N N N SIBANYE STILLWATER LIMITED 378900F238434B74D281 SIBANYE 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National atomic company Kazatomprom 5493008JG5TXJP2JSY44 NAC KAZATOMPROM JSC-144A DEPOSITARY RECEIPT 63253R102 141813.00000000 NS USD 12539157.65000000 1.327186112424 Long EC GB Y 1 N N N West Japan Railway Company 353800QGUXHZ7EBCR121 WEST JAPAN RAILWAY CO COMMON STOCK N/A 498000.00000000 NS 9014592.39000000 0.954134413421 Long EC JP N 1 N N N MOSKOVSKAYA BIRZHA MMVB-RTS PAO 253400M5M1222KPNWE87 MOSCOW EXCHANGE MICEX-RTS PJ COMMON STOCK N/A 5746159.00000000 NS 3853644.86000000 0.407882577376 Long EC RU N 3 N N N K+S Aktiengesellschaft 529900YURAYD4IJX2J91 K+S AG-REG COMMON STOCK N/A 1398096.00000000 NS 26156787.13000000 2.768521267023 Long EC DE N 1 N N N GAZPROM PAO 213800FD9J2IHTA7YX78 GAZPROM PJSC COMMON STOCK N/A 8122810.00000000 NS 3930161.20000000 0.415981321060 Long EC RU N 3 N N N Orbia Advance Corporation S.A.B. de CV 549300MVHZ20SBIOEQ79 ORBIA ADVANCE CORP SAB DE CV COMMON STOCK N/A 2393900.00000000 NS 2854563.19000000 0.302136453544 Long EC MX N 1 N N N FEDERAL'NAYA GIDROGENERIRUYUSHCHAYA KOMPANIYA RUSGIDRO PAO 2534005TJN9DX4YWVT97 RUSHYDRO PJSC COMMON STOCK N/A 991278397.00000000 NS 1559329.19000000 0.165044583012 Long EC RU N 3 N N N SINOPHARM GROUP CO. LTD. 529900N54X78YH9JYK92 SINOPHARM GROUP CO-H COMMON STOCK N/A 544800.00000000 NS 1295949.93000000 0.137167646942 Long EC HK N 1 N N N China Communications Services Corporation Limited 529900JCDRVQE6YZKT86 CHINA COMMUNICATIONS SERVI-H COMMON STOCK N/A 14743000.00000000 NS 8110153.95000000 0.858405643545 Long EC HK N 1 N N N MAN GROUP PLC 2549003YWC1DW6LALB09 MAN GROUP PLC/JERSEY COMMON STOCK N/A 588791.00000000 NS 2034477.26000000 0.215335833624 Long EC GB N 1 N N N DL E&C CO., LTD. 988400UU0MCCBS1YP242 DL E&C CO LTD COMMON STOCK N/A 103646.00000000 NS 6986535.67000000 0.739478151084 Long EC KR N 1 N N N 2026-04-30 THE ADVISORS' INNER CIRCLE FUND II Andrew Metzger Andrew Metzger Treasurer, Controller and Chief Financial Officer