THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |||
SMALL COMPANY FUND | ||||
SEPTEMBER 30, 2021 | ||||
(Unaudited) |
SCHEDULE OF INVESTMENTS
COMMON STOCK — 97.3%
Shares | Value | |||||||
COMMUNICATION SERVICES — 1.6% | ||||||||
John Wiley & Sons, Cl A | 1,135,000 | $ | 59,258,350 | |||||
|
| |||||||
CONSUMER DISCRETIONARY — 4.6% | ||||||||
National Vision Holdings * | 125,175 | 7,106,185 | ||||||
Sally Beauty Holdings * | 2,135,000 | 35,974,750 | ||||||
Shake Shack, Cl A * | 275,000 | 21,576,500 | ||||||
Wingstop | 310,000 | 50,818,300 | ||||||
Wolverine World Wide | 1,850,000 | 55,204,000 | ||||||
|
| |||||||
170,679,735 | ||||||||
|
| |||||||
CONSUMER STAPLES — 12.6% | ||||||||
Central Garden & Pet, Cl A * | 775,000 | 33,325,000 | ||||||
elf Beauty * | 1,640,000 | 47,642,000 | ||||||
Honest * | 930,000 | 9,653,400 | ||||||
Hostess Brands, Cl A * | 5,155,000 | 89,542,350 | ||||||
J&J Snack Foods | 280,000 | 42,789,600 | ||||||
Lancaster Colony | 505,000 | 85,249,050 | ||||||
MGP Ingredients | 695,000 | 45,244,500 | ||||||
Simply Good Foods * | 2,480,000 | 85,535,200 | ||||||
Utz Brands, Cl A | 2,035,970 | 34,876,166 | ||||||
|
| |||||||
473,857,266 | ||||||||
|
| |||||||
FINANCIALS — 13.8% | ||||||||
Argo Group International Holdings | 1,015,000 | 53,003,300 | ||||||
BRP Group, Cl A * | 1,135,080 | 37,786,813 | ||||||
Bryn Mawr Bank | 480,000 | 22,056,000 | ||||||
Community Bank System | 465,000 | 31,815,300 | ||||||
CVB Financial | 1,255,000 | 25,564,350 | ||||||
German American Bancorp | 655,000 | 25,302,650 | ||||||
Independent Bank | 725,000 | 55,208,750 | ||||||
James River Group Holdings | 915,000 | 34,522,950 | ||||||
Palomar Holdings * | 395,000 | 31,927,850 | ||||||
Prosperity Bancshares | 570,000 | 40,544,100 | ||||||
Selective Insurance Group | 700,000 | 52,871,000 | ||||||
Stock Yards Bancorp | 425,000 | 24,926,250 |
1 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |
SMALL COMPANY FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
COMMON STOCK — continued | ||||||||
Shares | Value | |||||||
FINANCIALS — continued | ||||||||
UMB Financial | 660,000 | $ | 63,828,600 | |||||
Washington Trust Bancorp | 355,000 | 18,807,900 | ||||||
|
| |||||||
518,165,813 | ||||||||
|
| |||||||
HEALTH CARE — 22.0% | ||||||||
AtriCure * | 575,000 | 39,991,250 | ||||||
Avanos Medical * | 981,030 | 30,608,136 | ||||||
Axonics * | 155,000 | 10,088,950 | ||||||
Cardiovascular Systems * | 1,635,000 | 53,677,050 | ||||||
CONMED | 700,000 | 91,581,000 | ||||||
Envista Holdings * | 380,000 | 15,887,800 | ||||||
Globus Medical, Cl A * | 770,000 | 58,997,400 | ||||||
Inspire Medical Systems * | 315,000 | 73,357,200 | ||||||
Integra LifeSciences Holdings * | 1,380,000 | 94,502,400 | ||||||
Masimo * | 80,000 | 21,656,800 | ||||||
Omnicell * | 225,000 | 33,396,750 | ||||||
Outset Medical * | 875,000 | 43,260,000 | ||||||
Penumbra * | 205,000 | 54,632,500 | ||||||
Prestige Consumer Healthcare * | 510,000 | 28,616,100 | ||||||
Pulmonx * | 875,000 | 31,482,500 | ||||||
STERIS PLC | 270,000 | 55,155,600 | ||||||
Tactile Systems Technology * | 835,000 | 37,115,750 | ||||||
Vapotherm * | 715,000 | 15,923,050 | ||||||
Veracyte * | 735,000 | 34,140,750 | ||||||
|
| |||||||
824,070,986 | ||||||||
|
| |||||||
INDUSTRIALS — 19.1% | ||||||||
Albany International, Cl A | 250,000 | 19,217,500 | ||||||
Altra Industrial Motion | 1,220,000 | 67,527,000 | ||||||
Barnes Group | 1,335,000 | 55,709,550 | ||||||
CSW Industrials | 337,160 | 43,055,332 | ||||||
ESCO Technologies | 490,000 | 37,730,000 | ||||||
Evoqua Water Technologies * | 2,565,000 | 96,341,400 | ||||||
Gibraltar Industries * | 375,000 | 26,118,750 | ||||||
John Bean Technologies | 820,000 | 115,251,000 | ||||||
MSA Safety | 634,705 | 92,476,519 | ||||||
Ritchie Bros. Auctioneers | 1,135,000 | 69,984,100 | ||||||
Standex International | 315,000 | 31,156,650 |
2 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |
SMALL COMPANY FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
COMMON STOCK — continued | ||||||||
Shares | Value | |||||||
INDUSTRIALS — continued | ||||||||
Transcat * | 150,000 | $ | 9,672,000 | |||||
TriMas * | 1,630,000 | 52,746,800 | ||||||
|
| |||||||
716,986,601 | ||||||||
|
| |||||||
INFORMATION TECHNOLOGY — 20.7% | ||||||||
Asana, Cl A * | 100,000 | 10,384,000 | ||||||
Blackbaud * | 800,000 | 56,280,000 | ||||||
BlackLine * | 490,000 | 57,849,400 | ||||||
Cerence * | 185,000 | 17,780,350 | ||||||
Envestnet * | 500,000 | 40,120,000 | ||||||
Medallia * | 812,550 | 27,521,069 | ||||||
New Relic * | 1,380,000 | 99,042,600 | ||||||
Pure Storage, Cl A * | 4,175,500 | 105,055,580 | ||||||
Q2 Holdings * | 755,000 | 60,505,700 | ||||||
Qualys * | 223,060 | 24,824,347 | ||||||
SailPoint Technologies Holdings * | 1,440,000 | 61,747,200 | ||||||
Sumo Logic * | 2,420,000 | 39,010,400 | ||||||
Tenable Holdings * | 1,465,000 | 67,595,100 | ||||||
Workiva, Cl A * | 440,000 | 62,022,400 | ||||||
Yext * | 3,870,000 | 46,556,100 | ||||||
|
| |||||||
776,294,246 | ||||||||
|
| |||||||
MATERIALS — 2.9% | ||||||||
Chase | 150,000 | 15,322,500 | ||||||
Innospec | 400,000 | 33,688,000 | ||||||
Sensient Technologies | 645,000 | 58,746,600 | ||||||
|
| |||||||
107,757,100 | ||||||||
|
| |||||||
TOTAL COMMON STOCK | 3,647,070,097 | |||||||
|
| |||||||
CASH EQUIVALENTS** — 2.9% | ||||||||
Fidelity Investments - Money Market Treasury Only Portfolio, | 20,000,000 | 20,000,000 |
3 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |
SMALL COMPANY FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
CASH EQUIVALENTS — continued | ||||||||
Shares | Value | |||||||
Goldman Sachs Square Treasury Instruments Fund, | 88,964,878 | $ | 88,964,878 | |||||
|
| |||||||
TOTAL CASH EQUIVALENTS | 108,964,878 | |||||||
|
| |||||||
TOTAL INVESTMENTS — 100.2% | $ | 3,756,034,975 | ||||||
|
|
Percentages are based on Net Assets of $3,749,247,182.
* | Non-income producing security. |
** | Rate reported is the 7-day effective yield as of September 30, 2021. |
Cl — Class
PLC — Public Limited Company
As of September 30, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. Generally Accepted Accounting Principles.
During the period ended September 30, 2021, there were no transfers in or out of Level 3.
For more information on the Fund’s policy regarding significant accounting policies including valuation of investments, please refer to the Fund’s most recent semi-annual or annual financial statements.
CSC-QH-001-3400
4 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |
MID CAP FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
SCHEDULE OF INVESTMENTS | ||||||||
COMMON STOCK — 97.6% | ||||||||
Shares | Value | |||||||
CONSUMER DISCRETIONARY — 8.0% | ||||||||
Advance Auto Parts | 865,000 | $ | 180,689,850 | |||||
Leslie’s * | 4,344,495 | 89,235,927 | ||||||
Planet Fitness, Cl A * | 635,000 | 49,879,250 | ||||||
Terminix Global Holdings * | 2,175,000 | 90,632,250 | ||||||
Tractor Supply | 440,000 | 89,148,400 | ||||||
Ulta Beauty * | 195,000 | 70,379,400 | ||||||
|
| |||||||
569,965,077 | ||||||||
|
| |||||||
CONSUMER STAPLES — 12.1% | ||||||||
Boston Beer, Cl A * | 120,000 | 61,170,000 | ||||||
Church & Dwight | 970,000 | 80,092,900 | ||||||
Clorox | 765,000 | 126,691,650 | ||||||
Freshpet * | 290,000 | 41,380,100 | ||||||
Hershey | 585,000 | 99,011,250 | ||||||
Hormel Foods | 1,810,000 | 74,210,000 | ||||||
JM Smucker | 1,000,000 | 120,030,000 | ||||||
Lamb Weston Holdings | 1,160,000 | 71,189,200 | ||||||
McCormick | 1,315,000 | 106,554,450 | ||||||
Molson Coors Beverage, Cl B | 1,680,000 | 77,918,400 | ||||||
|
| |||||||
858,247,950 | ||||||||
|
| |||||||
FINANCIALS — 11.4% | ||||||||
Arthur J Gallagher | 1,135,000 | 168,717,750 | ||||||
Cullen/Frost Bankers | 710,000 | 84,220,200 | ||||||
Everest Re Group | 650,000 | 163,007,000 | ||||||
Northern Trust | 850,000 | 91,638,500 | ||||||
Prosperity Bancshares | 975,000 | 69,351,750 | ||||||
SVB Financial Group * | 168,000 | 108,675,840 | ||||||
Tradeweb Markets, Cl A | 1,525,000 | 123,189,500 | ||||||
|
| |||||||
808,800,540 | ||||||||
|
| |||||||
HEALTH CARE — 23.8% | ||||||||
Abcam PLC ADR | 1,260,000 | 25,540,200 | ||||||
Align Technology * | 225,000 | 149,721,750 | ||||||
Bio-Rad Laboratories, Cl A * | 135,000 | 100,703,250 | ||||||
Bio-Techne | 210,000 | 101,759,700 |
5 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |
MID CAP FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
COMMON STOCK — continued | ||||||||
Shares | Value | |||||||
HEALTH CARE — continued | ||||||||
Catalent * | 665,000 | $ | 88,491,550 | |||||
Cooper | 225,000 | 92,994,750 | ||||||
DENTSPLY SIRONA | 2,480,000 | 143,964,000 | ||||||
Edwards Lifesciences * | 1,613,000 | 182,607,730 | ||||||
Integra LifeSciences Holdings * | 1,475,000 | 101,008,000 | ||||||
Maravai LifeSciences Holdings, Cl A * | 1,735,000 | 85,153,800 | ||||||
Masimo * | 482,725 | 130,678,485 | ||||||
STERIS PLC | 546,000 | 111,536,880 | ||||||
Tandem Diabetes Care * | 785,000 | 93,713,300 | ||||||
Veeva Systems, Cl A * | 340,000 | 97,977,800 | ||||||
Waters * | 512,560 | 183,137,688 | ||||||
|
| |||||||
1,688,988,883 | ||||||||
|
| |||||||
INDUSTRIALS — 18.5% | ||||||||
AMETEK | 1,500,000 | 186,015,000 | ||||||
Clarivate PLC * | 4,410,000 | 96,579,000 | ||||||
CoStar Group * | 865,000 | 74,441,900 | ||||||
Fortive | 2,938,970 | 207,403,113 | ||||||
Generac Holdings * | 426,810 | 174,424,443 | ||||||
Graco | 865,000 | 60,524,050 | ||||||
IDEX | 395,000 | 81,745,250 | ||||||
Nordson | 490,000 | 116,693,500 | ||||||
Rockwell Automation | 360,000 | 105,854,400 | ||||||
Toro | 1,371,130 | 133,561,773 | ||||||
Verisk Analytics | 370,000 | 74,099,900 | ||||||
|
| |||||||
1,311,342,329 | ||||||||
|
| |||||||
INFORMATION TECHNOLOGY — 22.2% | ||||||||
Anaplan * | 1,760,000 | 107,166,400 | ||||||
Asana, Cl A * | 2,100,000 | 218,064,000 | ||||||
Medallia * | 922,385 | 31,241,180 | ||||||
New Relic * | 690,000 | 49,521,300 | ||||||
Nutanix, Cl A * | 2,825,000 | 106,502,500 | ||||||
Okta, Cl A * | 500,000 | 118,670,000 | ||||||
Palo Alto Networks * | 380,000 | 182,020,000 | ||||||
Pure Storage, Cl A * | 4,508,940 | 113,444,931 | ||||||
ServiceNow * | 85,000 | 52,892,950 |
6 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |
MID CAP FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
COMMON STOCK — continued | ||||||||
Shares | Value | |||||||
INFORMATION TECHNOLOGY — continued | ||||||||
Smartsheet, Cl A * | 960,000 | $ | 66,067,200 | |||||
Synopsys * | 280,000 | 83,834,800 | ||||||
Workday, Cl A * | 755,000 | 188,666,950 | ||||||
Zendesk * | 1,070,000 | 124,537,300 | ||||||
Zscaler * | 525,000 | 137,665,500 | ||||||
|
| |||||||
1,580,295,011 | ||||||||
|
| |||||||
MATERIALS — 1.6% | ||||||||
AptarGroup | 960,000 | 114,576,000 | ||||||
|
| |||||||
TOTAL COMMON STOCK | 6,932,215,790 | |||||||
|
| |||||||
CASH EQUIVALENTS** — 3.0% | ||||||||
Fidelity Investments - Money Market Treasury Only Portfolio, | 20,000,000 | 20,000,000 | ||||||
Goldman Sachs Square Treasury Instruments Fund, | 191,543,189 | 191,543,189 | ||||||
|
| |||||||
TOTAL CASH EQUIVALENTS | 211,543,189 | |||||||
|
| |||||||
TOTAL INVESTMENTS — 100.6% | $ | 7,143,758,979 | ||||||
|
|
Percentages are based on Net Assets of $7,100,931,113.
* | Non-income producing security. |
** | Rate reported is the 7-day effective yield as of September 30, 2021. |
7 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN | |
MID CAP FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
ADR — American Depositary Receipt
Cl — Class
PLC — Public Limited Company
As of September 30, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. Generally Accepted Accounting Principles.
During the period ended September 30, 2021, there were no transfers in or out of Level 3.
For more information on the Fund’s policy regarding significant accounting policies including valuation of investments, please refer to the Fund’s most recent semi-annual or annual financial statements.
CSC-QH-002-2700
8 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN EMERGING | |
MARKETS FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
SCHEDULE OF INVESTMENTS | ||||||||
COMMON STOCK — 97.7% | ||||||||
Shares | Value | |||||||
ARGENTINA — 2.9% | ||||||||
MercadoLibre * | 168 | $ | 282,139 | |||||
|
| |||||||
BRAZIL — 4.4% | ||||||||
Arco Platform, Cl A * | 1,615 | 35,046 | ||||||
B3 - Brasil Bolsa Balcao | 29,145 | 68,358 | ||||||
Pagseguro Digital, Cl A * | 3,660 | 189,295 | ||||||
XP, Cl A * | 3,285 | 131,958 | ||||||
|
| |||||||
424,657 | ||||||||
|
| |||||||
CHINA — 26.8% | ||||||||
Agora ADR | 2,325 | 67,425 | ||||||
Alibaba Group Holding * | 17,690 | 326,783 | ||||||
Beijing Kingsoft Office Software, Cl A | 3,114 | 135,447 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 7,105 | 120,117 | ||||||
Hefei Meyer Optoelectronic Technology, Cl A | 15,515 | 91,047 | ||||||
JD.com, Cl A * | 6,770 | 247,626 | ||||||
KE Holdings ADR * | 3,895 | 71,123 | ||||||
NetEase | 4,390 | 74,701 | ||||||
New Horizon Health * | 3,110 | 13,638 | ||||||
Sangfor Technologies, Cl A | 2,880 | 104,079 | ||||||
Shenzhen Inovance Technology, Cl A | 8,482 | 82,705 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 2,745 | 163,255 | ||||||
Sichuan Teway Food Group, Cl A | 12,738 | 44,807 | ||||||
SKSHU Paint, Cl A | 4,793 | 74,001 | ||||||
Tencent Holdings | 6,510 | 392,122 | ||||||
Venus MedTech Hangzhou, Cl H * | 10,095 | 52,195 | ||||||
WuXi AppTec, Cl H | 8,135 | 189,889 | ||||||
Wuxi Biologics Cayman * | 14,010 | 229,270 | ||||||
Yum China Holdings | 1,885 | 109,537 | ||||||
|
| |||||||
2,589,767 | ||||||||
|
| |||||||
HONG KONG — 4.4% | ||||||||
AIA Group | 21,425 | 247,571 | ||||||
Hong Kong Exchanges & Clearing | 2,935 | 180,546 | ||||||
|
| |||||||
428,117 | ||||||||
|
|
9 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN EMERGING | |
MARKETS FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
COMMON STOCK — continued | ||||||||
Shares | Value | |||||||
HUNGARY — 1.9% | ||||||||
OTP Bank * | 3,205 | $ | 188,234 | |||||
|
| |||||||
INDIA — 20.2% | ||||||||
Asian Paints | 3,740 | 163,194 | ||||||
Avenue Supermarts * | 1,640 | 93,892 | ||||||
Bajaj Finance | 2,895 | 297,771 | ||||||
Britannia Industries | 1,365 | 72,624 | ||||||
HDFC Bank | 13,165 | 282,176 | ||||||
Kotak Mahindra Bank | 5,405 | 145,560 | ||||||
L&T Technology Services | 2,755 | 174,104 | ||||||
Reliance Industries | 15,085 | 510,768 | ||||||
Tata Consultancy Services | 4,265 | 216,410 | ||||||
|
| |||||||
1,956,499 | ||||||||
|
| |||||||
INDONESIA — 2.1% | ||||||||
Bank Central Asia | 82,705 | 201,806 | ||||||
|
| |||||||
MEXICO — 2.1% | ||||||||
Wal-Mart de Mexico | 58,550 | 199,351 | ||||||
|
| |||||||
POLAND — 0.5% | ||||||||
Dino Polska * | 635 | 52,993 | ||||||
|
| |||||||
RUSSIA — 3.8% | ||||||||
Ozon Holdings PLC ADR * | 2,030 | 102,413 | ||||||
TCS Group Holding PLC GDR | 2,945 | 270,192 | ||||||
|
| |||||||
372,605 | ||||||||
|
| |||||||
SINGAPORE — 4.2% | ||||||||
Nanofilm Technologies International | 21,535 | 65,715 | ||||||
Sea ADR * | 1,055 | 336,260 | ||||||
|
| |||||||
401,975 | ||||||||
|
| |||||||
SOUTH AFRICA — 0.8% | ||||||||
Clicks Group | 4,135 | 76,422 | ||||||
|
| |||||||
SOUTH KOREA — 5.9% | ||||||||
Kakao | 1,920 | 189,547 | ||||||
Koh Young Technology | 5,050 | 81,907 |
10 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN EMERGING | |
MARKETS FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
COMMON STOCK — continued | ||||||||
Shares/Number of Rights | Value | |||||||
SOUTH KOREA — continued | ||||||||
LG Household & Health Care | 65 | $ | 73,475 | |||||
SK IE Technology * | 945 | 178,937 | ||||||
SK Materials | 130 | 45,116 | ||||||
|
| |||||||
568,982 | ||||||||
|
| |||||||
TAIWAN — 13.4% | ||||||||
Airtac International Group | 4,570 | 142,926 | ||||||
Realtek Semiconductor | 7,175 | 127,253 | ||||||
Silergy | 1,080 | 157,611 | ||||||
Taiwan Semiconductor Manufacturing | 31,255 | 645,081 | ||||||
Voltronic Power Technology | 3,710 | 226,549 | ||||||
|
| |||||||
1,299,420 | ||||||||
|
| |||||||
UNITED KINGDOM — 2.2% | ||||||||
Unilever PLC ADR | 2,335 | 126,604 | ||||||
VTEX, Cl A * | 4,030 | 82,897 | ||||||
|
| |||||||
209,501 | ||||||||
|
| |||||||
UNITED STATES — 2.1% | ||||||||
EPAM Systems * | 350 | 199,668 | ||||||
|
| |||||||
TOTAL COMMON STOCK | 9,452,136 | |||||||
|
| |||||||
PREFERRED STOCK — 0.4% | ||||||||
BRAZIL — 0.4% | ||||||||
Banco Inter † | 12,660 | 36,408 | ||||||
|
| |||||||
TOTAL PREFERRED STOCK | 36,408 | |||||||
|
| |||||||
RIGHTS — 0.0% | ||||||||
TAIWAN — 0.0% | ||||||||
Airtac, Expires October 17, 2021* | 212 | 1,194 | ||||||
|
| |||||||
TOTAL RIGHTS | 1,1,94 | |||||||
|
|
11 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN EMERGING | |
MARKETS FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
Value | ||||||||
TOTAL INVESTMENTS — 98.1% | $ | 9,489,738 | ||||||
|
|
Percentages are based on Net Assets of $9,668,924.
* | Non-income producing security. |
† | There is currently no rate available. |
ADR — American Depositary Receipt
Cl — Class
GDR — Global Depositary Receipt
PLC — Public Limited Company
The following is a list of the inputs used as of September 30, 2021, in valuing the Fund’s Investments:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | ||||||||||||||||
Argentina | $ | 282,139 | $ | – | $ | – | $ | 282,139 | ||||||||
Brazil | 424,657 | – | – | 424,657 | ||||||||||||
China | 248,085 | 2,341,682 | – | 2,589,767 | ||||||||||||
Hong Kong | – | 428,117 | – | 428,117 | ||||||||||||
Hungary | – | 188,234 | – | 188,234 | ||||||||||||
India | – | 1,956,499 | – | 1,956,499 | ||||||||||||
Indonesia | – | 201,806 | – | 201,806 | ||||||||||||
Mexico | 199,351 | – | – | 199,351 | ||||||||||||
Poland | – | 52,993 | – | 52,993 | ||||||||||||
Russia | 372,605 | – | – | 372,605 | ||||||||||||
Singapore | 336,260 | 65,715 | – | 401,975 | ||||||||||||
South Africa | – | 76,422 | – | 76,422 | ||||||||||||
South Korea | – | 568,982 | – | 568,982 | ||||||||||||
Taiwan | – | 1,299,420 | – | 1,299,420 | ||||||||||||
United Kingdom | 209,501 | – | – | 209,501 | ||||||||||||
United States | 199,668 | – | – | 199,668 | ||||||||||||
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| |||||||||
Total Common Stock | 2,272,266 | 7,179,870 | – | 9,452,136 | ||||||||||||
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Preferred Stock | ||||||||||||||||
Brazil | 36,408 | – | – | 36,408 | ||||||||||||
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Total Preferred Stock | 36,408 | – | – | 36,408 | ||||||||||||
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Rights | ||||||||||||||||
Taiwan | 1,194 | – | – | 1,194 | ||||||||||||
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Total Rights | 1,194 | – | – | 1,194 | ||||||||||||
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| |||||||||
Total Investments in | $ | 2,309,868 | $ | 7,179,870 | $ | – | $ | 9,489,738 | ||||||||
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12 | CHAMPLAIN INVESTMENT | PARTNERS | ||
THE ADVISORS’ INNER CIRCLE FUND II | CHAMPLAIN EMERGING | |
MARKETS FUND | ||
SEPTEMBER 30, 2021 | ||
(Unaudited) |
During the period ended September 30, 2021, there were no transfers in or out of Level 3.
For more information on the Fund’s policy regarding significant accounting policies including valuation of investments, please refer to the Fund’s most recent semi-annual or annual financial statements.
CSC-QH-004-1300
13 | CHAMPLAIN INVESTMENT | PARTNERS | ||