The Advisors' Inner Circle Fund II - Frontier Asset Global Small Cap Equity ETFFGSM

Frontier AssetInternationalEmerging#103 of 521 by YTD

$33.54

−0.4% last session

+12.2% YTD

Data as of 11/6/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 6, 2026FGSMS&P 500 · VOOInternational average

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.4%	−1.8%	−6.0%	+12.2%	+16.7%	—	—	+36.5%
Peer average	+1.4%	−8.6%	−8.0%	+9.0%	+10.6%	+66.3%	+38.2%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

Key Statistics

Open all fund facts →

AUM: $46M
Expense ratio: 0.82%
Distribution yield: 1.4%
NAV: $33.63
Volume: 4K
Avg. volume 30D: 2K
High today: $33.62
Low today: $33.02
Previous close: $33.66
52-week high: $36.25
52-week low: $28.15
Our risk indicator: 4/5

FGSM in One Breath

FGSM Among Emerging ETFs

YTD

#1EMEQNomura+37.4%$577M

#2FTHFFirst Trust+27.4%$137M

#3EVLUiShares+21.6%$18.5M

#4KEMXKraneShares+21.3%$120M

#5STXEStrive+20.6%$126M

#6EMDMFirst Trust+20.4%$40.2M

#7PIEInvesco+19.8%$243M

#8EMXCiShares+18.0%$24.3B

#28FGSMFrontier Asset+12.2%$46.1M

End-of-day Nov 7, 2026 · 113 Emerging ETFs by YTD

$10,000 in FGSM

$10,000 in FGSM became

$13,651

In the S&P 500 (VOO)

$12,705

Total return, dividends in · Dec 20, 2024 – Nov 6, 2026 · S&P 500 uses VOO

FGSM’s Top Holdings

Today

AVDVAvantis Intl S/c Value Etf27.6%IJR21.8%SMLF18.4%ISCF14.1%AVUV11.6%NBSM6.3%

AVDVAvantis Intl S/c Value Etf27.6%IJR21.8%SMLF18.4%ISCF14.1%AVUV11.6%NBSMOther

Financial Services

Frontier Asset FGSM · 7 holdings · top 6 shown · tile size = share of the fund · as of Nov 6, 2026

What FGSM Holds

Today

Industrials19.1%

[…]

Financial Services99.8%

AVDV 27.6 · IJR 21.8 · SMLF 18.4 · ISCF 14.1 · AVUV 11.6 · NBSM 6.3

Consumer Cyclical14.2%

[…]

Technology11.5%

[…]

Basic Materials10.7%

[…]

Healthcare8.0%

[…]

Energy7.4%

[…]

Frontier Asset FGSM · share of the fund by sector · as of Nov 6, 2026

Avantis’ Share of FGSM

Today

27.6%

$276 of every $1,000 in FGSM is Avantis

Avantis held by FGSM

$12.7M

Most Avantis per dollar

FGSM27.6%

AVNV25.2%

AVGV9.1%

AVNM6.7%

Frontier Asset FGSM · each square = $10 of $1,000 · as of Nov 6, 2026

FGSM’s Share of Emerging ETFs

Today

0.0%

of the $448B in 133 Emerging ETFs

FGSM$46.1M0.0%

IEMG$142B31.7%

VWO$125B28.0%

130 others$181B40.3%

Emerging ETF AUM · Nov 7, 2026

FGSM Fee per $100 vs Peers

Today

$0.82a year
per $100

$82 a year on $10,000

VWO$0.06

IEMG$0.09

EMXC$0.25

AVEM$0.33

EEM$0.72

FGSM$0.82

Expense ratio · Emerging peers · Nov 7, 2026

Inside FGSM

6 holdings · as of Nov 6, 2026

FGSM

The Advisors' Inner Circle Fund II - Frontier Asset Global Small Cap Equity ETF

Today

Industrials19.1%Financial Services99.8%AVDVAvantis Intl S/C Value ETF27.6%IJR21.8%SMLF18.4%ISCF14.1%AVUV11.6%NBSMConsumer Cyclical14.2%Technology11.5%Basic Materials10.7%Healthcare8.0%Energy7.4%Real Estate4.4%Consumer Defensive4.0%

Industrials19.1%Financial Services99.8%AVDV27.6%IJR21.8%SMLF18.4%ISCF14.1%AVUV11.6%NBSMConsumer Cyclical14.2%Technology11.5%Basic Materials10.7%Healthcare8.0%Energy7.4%

#	Ticker	Company	Weight ▼
1	AVDV	Avantis Intl S/C Value ETF	27.55%
2	IJR	Ishares Core S&P Small-cap E	21.81%
3	SMLF	Ishares US Smallcap Equity F	18.45%
4	ISCF	Ishares International Small	14.15%
5	AVUV	Avantis US Small CAP Value	11.60%
6	NBSM	Neuberger Small-mid CAP ETF	6.30%

See all 7 holdings ↓

IndustrialsFinancial ServicesConsumer CyclicalTechnologyBasic MaterialsHealthcareEnergyReal EstateConsumer DefensiveCommunication ServicesUtilities

Frontier Asset FGSM · current holdings by weight · as of Nov 6, 2026 · each tile is one holding

All FGSM Holdings

7 holdings · as of Nov 6, 2026

FGSM

FGSM’s Holdings

Today

#
1	AVDVAvantis Intl S/C Value ETF	Financial Services	27.55%	$2,755.15	123K	$12.7M
2	IJRIshares Core S&P Small-cap E	Financial Services	21.81%	$2,180.54	73K	$10.0M
3	SMLFIshares US Smallcap Equity F	Financial Services	18.45%	$1,844.78	102K	$8.5M
4	ISCFIshares International Small	Financial Services	14.15%	$1,414.51	151K	$6.5M
5	AVUVAvantis US Small CAP Value	Financial Services	11.60%	$1,159.61	44K	$5.3M
6	NBSMNeuberger Small-mid CAP ETF	Financial Services	6.30%	$630.33	102K	$2.9M
7	—Cash	—	0.15%	$15.08	70K	$70K

Frontier Asset FGSM · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

FGSM

The Advisors' Inner Circle Fund II - Frontier Asset Global Small Cap Equity ETF’s Peers

YTD


IEMG	iSharesRead Desk	0.09%	+8.3%	+8.8%	$142.1B
VWO	VanguardRead Desk	0.06%	+3.2%	+3.2%	$125.4B
EEM	iSharesRead Desk	0.72%	+9.0%	+9.7%	$27.5B
AVEM	AvantisRead Desk	0.33%	+9.6%	+10.7%	$25.7B
EMXC	iSharesRead Desk	0.25%	+18.0%	+21.2%	$24.3B
FGSM	Frontier AssetThis fundRead Desk	0.82%	+12.2%	+16.7%	$46M

Emerging peers · YTD and past-year returns · as of Nov 7, 2026 · sorted by AUM

Head to Head

Put FGSM head to head with IEMG →

IEMG vs FGSM

YTD

IEMGiShares · EmergingFGSMFrontier Asset · Emerging

Year to date

+8.3%

+12.2%

FGSM wins+4.0 pts

Past year

+8.8%

+16.7%

FGSM wins+8.0 pts

Fee

0.09%

0.82%

IEMG winslower fee

Yield

2.5%

1.4%

IEMG wins+1.0 pt

AUM

$142B

$46.1M

IEMG3083.7× more

2–2level

iShares IEMG and Frontier Asset FGSM · year-to-date · as of Nov 7, 2026 · AUM not scored

FGSM vs VOO

YTD

FGSM · The Advisors' Inner Circle Fund II - Frontier Asset Global Small Cap Equity

+12.2%

VOO · S&P 500

+8.7%

Gap

3.5 pts

Frontier Asset FGSM and Vanguard VOO · YTD total return · as of Nov 7, 2026

FGSM vs Its Peer Average

YTD

FGSMAvsBPeer average

1D−0.4%+1.4%

1M−1.8%−8.6%

3M−6.0%−8.0%

YTD+12.2%+9.0%

1Y+16.7%+10.6%

3Y[…]+66.3%

5Y[…]+38.2%

4–1FGSM wins

132 Emerging peers · each row scaled to its leader

The Details

FGSM

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y14.85%

Deepest drop · 1Y−9.8%

Lowest point · 5Y−9.8%

52-week range

$33.54

$28.15−7.5% from the high$36.25

Frontier Asset FGSM · past-year price moves · as of Nov 7, 2026

FGSM

Fund Facts

Today

2024launched Dec 19

Tracks[…]

Exchange · CUSIPAMEX · 00764Q595

StructureETF

Leverage1x

Cost on $10,000$82 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Frontier Asset FGSM · fund facts · as of Nov 7, 2026

FGSM

Payouts by Year

$0.0530per share, Sep 2026

Distribution yield1.4%

PaidEvery quarter

Latest ex-date · paidSep 29 · Oct 6, 2026

7 payouts added up$0.71 a share

Frontier Asset FGSM · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗SEC reported portfolio · 2025-01-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$33.63

Premium / discount[…]

Median spread · 30D[…]

Volume today4K

Average volume · 30D2K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.82%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$82.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 29, 2026	Oct 6, 2026	$0.0530
Jun 29, 2026	Jul 7, 2026	$0.19
Mar 30, 2026	Apr 6, 2026	$0.0010
Dec 30, 2025	Jan 7, 2026	$0.24
Sep 29, 2025	Oct 6, 2025	$0.0150
Jun 27, 2025	Jul 7, 2025	$0.21
Mar 28, 2025	Apr 4, 2025	$0.0038

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