IPO - Advisors' Inner Circle Fund II

Form Type: 485BPOS

Filing Date: 2025-05-12

Corporate Action: Ipo

Type: New

Accession Number: 000139834425009166

Filing Summary: The Advisors' Inner Circle Fund II registered a post-effective amendment and a registration statement for the Vontobel International Equity Active ETF with the goal of seeking long-term capital appreciation. The filing includes comprehensive details about the fund, its investment objectives, strategies, and risks associated with investing in the ETF. It outlines the fund's structure as an actively managed ETF, investing at least 80% of its net assets in equity securities, primarily outside the United States, including emerging markets. The fund aims to diversify by country and industry, emphasizing quality and growth potential in its investment selections. The advisor, Vontobel Asset Management, has made commitments to manage fees and operational expenses, revealing a total annual fund operating expense of 1.11% before waivers, and 0.60% after waivers. Additionally, the prospectus details various risks including equity markets, foreign investments, trading liquidity, and the volatility inherent in emerging markets. The fund is available for trading on the NYSE Arca under the ticker VNIE. There are no exceeding liabilities or risks of liquidation noted associated with the IPO; however, it introduces new operational challenges and potential tax consequences for shareholders if the fund fails to gain traction.