Form N-CEN FORUM FUNDS II For: Sep 30
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E-mailX0404 N-CEN LIVE 0001576367 XXXXXXXX 811-22842 false false false N-1A S000042905 true S000051874 true Forum Funds II 811-22842 0001576367 254900TLXB82MZSZFI87 Three Canal Plaza, Suite 600 Portland 04101 US-ME US 207-347-2000 Apex Fund Services Three Canal Plaza, Suite 600 Portland 04101 207-347-2000 Fund and shareholder records SKBA Capital Management 601 California Street, Suite 1500 San Francisco 94108 800-989-7852 Records as Adviser for Fund Foreside Fund Services, LLC Three Canal Plaza, Suite 100 Portland 04101 866-251-6920 Records as Distributor for Trust U.S. Bank 1555 N Rivercenter Dr., Ste 302 Milwaukee 53212 414-276-3737 Records as Custodian for Trust N N N-1A 6 Y Jennifer Brown-Strabley N/A N David Tucker N/A N Jessica Chase N/A Y Mark D. Moyer N/A N Carlyn Edgar N/A Three Canal Plaza, Suite 600 Portland 04101 XXXXXX N N N N N N Foreside Fund Services, LLC 008-51293 000046106 N/A N N BBD LLP 552 N/A N N N N N N BAYWOOD VALUEPLUS FUND S000042905 254900U0OXE03TFC7K20 N 1 0 0 N/A N N N N N/A N/A N/A N/A Y Y Y N SKBA Capital Management, LLC 801-56391 000108542 N/A N Apex Fund Services 84-06277 N/A Y N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N USBank H85Z6XZP8b10ES0m2G89 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) MUFG Union Bank, N.A. OX3PU53ZLPQKJ4700D47 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Y Apex Fund Services 84-06277 SEC File Number Y N N Apex Fund Services N/A Y N N Foreside Fund Services, LLC 8-51293 000046106 N/A 0 PIPER JAFFRAY & CO. 8-15204 000000665 549300GRQCWQ3XGH0H10 916.40000000 COWEN AND COMPANY, LLC 8-22522 000007616 549300WR155U7DVMIW58 962.64000000 1879 0 N 3279435 N N N N BAYWOOD SOCIALLYRESPONSIBLE FUND S000051874 254900P9QNLN67PBOM73 N 1 0 0 N/A N N N N N/A N/A N/A N/A Y Y Y N SKBA Capital Management, LLC 801-56391 000108542 N/A N Apex Fund Services 84-06277 N/A Y N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N MUFG Union Bank, N.A. OX3PU53ZLPQKJ4700D47 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) USBank H85Z6XZP8B10ES0M2G89 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Y Apex Fund Services 84-06277 SEC File Number Y N N Apex Fund Services N/A Y N N Foreside Fund Services, LLC 8-51293 000046106 N/A 0 COWEN AND COMPANY, LLC 8-22522 000007616 549300WR155U7DVMIW58 124.00000000 PIPER JAFFRAY & CO. 8-15204 000000665 549300GRQCWQ3XGH0H10 2180.48000000 2304 0 N 5766076 N N N N false false true false false false
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Trustees of Forum Funds II
and the Shareholders of Baywood ValuePlus
Fund and
Baywood SociallyResponsible Fund
In planning and performing our audits of the financial statements of Baywood ValuePlus Fund and Baywood SociallyResponsible Fund, each a series of shares of beneficial interest in Forum Funds
II (the “Funds”), as of September 30, 2021, and for the year then ended, in accordance with the standards of the Public
Company Accounting Oversight Board (United States) (“PCAOB”), we considered the Funds’ 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 Funds' internal control over financial reporting. Accordingly, we express no such opinion.
The management of the Funds 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 fund’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 accounting principles generally accepted in the United States of America (“GAAP”). A fund’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 fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with GAAP, and
that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or
disposition of a fund’s assets that could have a material effect on the financial statements.
Because of 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 combination of deficiencies, in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.
Our consideration of the Funds' 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 Funds’ 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 September 30, 2021.
This report is intended solely for the information and use of management and the shareholders of Baywood ValuePlus Fund and Baywood SociallyResponsible Fund, the Board of Trustees of Forum
Funds 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/ BBD, LLP
BBD, LLP
Philadelphia, Pennsylvania
November 24, 2021
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