# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0001752724-23-075370
**Filing Date:** 2023-3
**Character Count:** 36691
**Document Hash:** 84e0edc545ab3c7b3b65bb2bc79363c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075370.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075370

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 23784553

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### RICE HALL JAMES SMALL CAP PORTFOLIO (Series ID: S000005703)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000015667 | INSTITUTIONAL CLASS SHARES | RHJMX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ SMALL CAP PORTFOLIO** <br> **JANUARY 31, 2023 (Unaudited)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;**SCHEDULE OF INVESTMENTS**<br>&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCK** **— 97.9%**<br>

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMUNICATION SERVICES — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; PubMatic, Cl A\* | 9700 | $148701 |
|  **CONSUMER DISCRETIONARY — 13.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bowlero\* | 23300 | 320375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chuy's Holdings\* | 8800 | 301224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Five Below\* | 1600 | 315408 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Factory Holding\* | 1600 | 188944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monro | 5200 | 264680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Papa John's International | 3100 | 278039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skyline Champion\* | 3000 | 176850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Topgolf Callaway Brands\* | 9700 | 237553 |
|  |  | 2083073 |
|  **CONSUMER STAPLES — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Primo Water | 15100 | 236315 |
|  **ENERGY — 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Fuels\* | 42900 | 242814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Denbury\* | 5000 | 433900 |
|  |  | 676714 |
|  **FINANCIALS — 5.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Live Oak Bancshares | 8100 | 277263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nicolet Bankshares\* | 3900 | 284271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Umpqua Holdings | 16500 | 300300 |
|  |  | 861834 |
|  **HEALTH CARE — 20.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Azenta\* | 3200 | 178880 |
| &nbsp;&nbsp;&nbsp;&nbsp; DocGo\* | 12100 | 121000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Encompass Health | 3700 | 231065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ensign Group | 3200 | 298400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Haemonetics\* | 3500 | 296100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harmony Biosciences Holdings\* | 5500 | 264935 |

---

**1** 

------

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ SMALL CAP PORTFOLIO** <br> **JANUARY 31, 2023 (Unaudited)**<br>|

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br>**Value** |
|  **HEALTH CARE — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Heska\* | 2100 | $187824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lantheus Holdings\* | 2100 | 120750 |
| &nbsp;&nbsp;&nbsp;&nbsp; ModivCare\* | 2000 | 214520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neogen\* | 8900 | 190549 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextGen Healthcare\* | 17600 | 334752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicell\* | 3300 | 183051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pacira BioSciences\* | 4000 | 157080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progyny\* | 3200 | 110048 |
| &nbsp;&nbsp;&nbsp;&nbsp; STAAR Surgical\* | 4200 | 296310 |
|  |  | 3185264 |
|  **INDUSTRIALS — 22.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Albany International, Cl A | 3700 | 414955 |
| &nbsp;&nbsp;&nbsp;&nbsp; API Group\* | 11700 | 260208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Partners, Cl A\* | 10200 | 288558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evoqua Water Technologies\* | 5600 | 271656 |
| &nbsp;&nbsp;&nbsp;&nbsp; GATX | 3200 | 366240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Griffon | 9500 | 388360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hub Group, Cl A\* | 3100 | 264337 |
| &nbsp;&nbsp;&nbsp;&nbsp; ICF International | 3300 | 337227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matson | 2100 | 138852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tetra Tech | 2200 | 342144 |
| &nbsp;&nbsp;&nbsp;&nbsp; V2X\* | 3600 | 158976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vicor\* | 3498 | 242866 |
|  |  | 3474379 |
|  **INFORMATION TECHNOLOGY — 22.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; A10 Networks | 17000 | 263160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axcelis Technologies\* | 2400 | 263880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fabrinet\* | 3000 | 394980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Model N\* | 7913 | 313829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Power Integrations | 3400 | 292706 |
| &nbsp;&nbsp;&nbsp;&nbsp; PowerSchool Holdings, Cl A\* | 15000 | 337800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progress Software | 8700 | 461448 |

---

**2** 

------

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ SMALL CAP PORTFOLIO** <br> **JANUARY 31, 2023 (Unaudited)**<br>|

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br>**Value** |
|  **INFORMATION TECHNOLOGY — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Rambus\* | 8800 | $356136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions\* | 19200 | 216960 |
| &nbsp;&nbsp;&nbsp;&nbsp; WNS Holdings ADR\* | 4308 | 365017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zuora, Cl A\* | 16500 | 130680 |
|  |  | 3396596 |
|  **MATERIALS — 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Materion | 3700 | 333925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings | 9400 | 259064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Osisko Gold Royalties | 25900 | 346542 |
|  |  | 939531 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCK<br>(Cost $12,352,737) |  | 15002407 |
| **SHORT-TERM INVESTMENT(A) — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Cl X , 4.210%<br>(Cost $271,567) | 271567 | 271567 |
|  TOTAL INVESTMENTS— 99.7%<br> (Cost $12,624,304) |  | $15273974 |

---

Percentages are based on Net Assets of $15,320,634. <br>

\* Non-income producing security.

(A) The rate reported is the 7-day effective yield as of
January 31, 2023.

ADR American Depositary Receipt <br> Cl Class

RHJ-QH-002-3900

**3** 

------

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ MICRO CAP PORTFOLIO** <br> **JANUARY 31, 2023 (Unaudited)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;**SCHEDULE OF INVESTMENTS**<br>&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCK**<sup>††</sup> **— 94.9%**<br>

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMUNICATION SERVICES — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; QuinStreet\* | 30854 | $472992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thryv Holdings\* | 16400 | 366868 |
|  |  | 839860 |
|  **CONSUMER DISCRETIONARY — 10.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chuy's Holdings\* | 17600 | 602448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Funko, Cl A\* | 25500 | 308550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Green Brick Partners\* | 17000 | 530400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson Outdoors, Cl A | 4624 | 316559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lindblad Expeditions Holdings\* | 35300 | 420070 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPEL\* | 6668 | 507235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xponential Fitness, Cl A\* | 23800 | 654024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zumiez\* | 18054 | 466335 |
|  |  | 3805621 |
|  **CONSUMER STAPLES — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; elf Beauty\* | 7792 | 448429 |
|  **ENERGY — 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Fuels\* | 71700 | 405822 |
| &nbsp;&nbsp;&nbsp;&nbsp; DMC Global\* | 18400 | 418416 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Energy Services Reunited\* | 45282 | 342332 |
|  |  | 1166570 |
|  **FINANCIALS — 5.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Agricultural Mortgage, Cl C | 4300 | 571771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guaranty Bancshares | 10693 | 352655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Live Oak Bancshares | 17500 | 599025 |
| &nbsp;&nbsp;&nbsp;&nbsp; TriCo Bancshares | 8800 | 444840 |
|  |  | 1968291 |
|  **HEALTH CARE — 20.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accuray\* | 91211 | 229852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cerus\* | 75397 | 236747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cutera\* | 10800 | 376164 |
| &nbsp;&nbsp;&nbsp;&nbsp; DocGo\* | 61200 | 612000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Heska\* | 4900 | 438256 |
| &nbsp;&nbsp;&nbsp;&nbsp; iRadimed | 9838 | 367941 |

---

**4** 

------

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ MICRO CAP PORTFOLIO** <br> **JANUARY 31, 2023 (Unaudited)**<br>|

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK<sup>††</sup> — continued** | | |
|  |<br> **Shares** |<br>**Value** |
|  **HEALTH CARE — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LeMaitre Vascular | 11404 | $538041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mesa Laboratories | 2004 | 389858 |
| &nbsp;&nbsp;&nbsp;&nbsp; ModivCare\* | 4500 | 482670 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextGen Healthcare\* | 30400 | 578208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pennant Group\* | 28100 | 363614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semler Scientific\* | 4100 | 160761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simulations Plus | 10800 | 444312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Surmodics\* | 11200 | 314832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tactile Systems Technology\* | 15000 | 194550 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Physical Therapy | 4628 | 458866 |
| &nbsp;&nbsp;&nbsp;&nbsp; UFP Technologies\* | 5839 | 664069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Utah Medical Products | 5060 | 466178 |
|  |  | 7316919 |
|  **INDUSTRIALS — 28.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AerSale\* | 19500 | 362895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alamo Group | 3400 | 531998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allied Motion Technologies | 15427 | 626953 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBIZ\* | 9751 | 464050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Partners, Cl A\* | 18421 | 521130 |
| &nbsp;&nbsp;&nbsp;&nbsp; CRA International | 4496 | 534305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Douglas Dynamics | 13300 | 537453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ducommun\* | 9000 | 520020 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Recovery\* | 31671 | 700879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exponent | 5006 | 513315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huron Consulting Group\* | 9572 | 651279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liquidity Services\* | 28500 | 427215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Montrose Environmental Group\* | 12047 | 652465 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYR Group\* | 4366 | 432496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quest Resource Holding\* | 34500 | 238050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radiant Logistics\* | 59575 | 334216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shyft Group | 12977 | 432005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sterling Infrastructure\* | 19091 | 694721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thermon Group Holdings\* | 24000 | 554880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vicor\* | 3660 | 254114 |
|  |  | 9984439 |

---

**5** 

------

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ MICRO CAP PORTFOLIO** <br> **JANUARY 31, 2023 (Unaudited)**<br>|

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK<sup>††</sup> — continued** | | |
|  |<br> **Shares** |<br>**Value** |
|  **INFORMATION TECHNOLOGY — 18.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; A10 Networks | 39400 | $609912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Absolute Software | 53500 | 621135 |
| &nbsp;&nbsp;&nbsp;&nbsp; ADTRAN Holdings | 25179 | 475128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axcelis Technologies\* | 3941 | 433313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cambium Networks\* | 23400 | 501462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harmonic\* | 41677 | 548886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Luna Innovations\* | 68300 | 603772 |
| &nbsp;&nbsp;&nbsp;&nbsp; MagnaChip Semiconductor\* | 32327 | 342666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Model N\* | 11633 | 461365 |
| &nbsp;&nbsp;&nbsp;&nbsp; nLight\* | 37700 | 467480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Perficient\* | 6249 | 463301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vishay Precision Group\* | 14300 | 617474 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zuora, Cl A\* | 40600 | 321552 |
|  |  | 6467446 |
|  **MATERIALS — 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Vanguard | 22500 | 508275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Haynes International | 8113 | 451813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mativ | 20200 | 556712 |
|  |  | 1516800 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCK<br>(Cost $26,056,792) |  | 33514375 |
| **SHORT-TERM INVESTMENT(A) — 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Cl X , 4.210%<br>(Cost $1,193,387) | 1193387 | 1193387 |
|  TOTAL INVESTMENTS — 98.3%<br> (Cost $27,250,179) |  | $34707762 |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $35,320,065. |
| \* | Non-income producing security. |
| <sup>††</sup> | Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
| (A) | The rate reported is the 7-day effective yield as of January 31, 2023. |
| Cl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class |

---

**6** 

------

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ MICRO CAP PORTFOLIO** <br> **JANUARY 31, 2023 (Unaudited)**<br>|

---

RHJ-QH-004-2500

**7**

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Rice Hall James Small Cap Portfolio

- **b. EDGAR series identifier (if any):** S000005703

- **c. LEI of Series:** 5493006TERZYK5ZUFP95

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $15346963.89

**Total Liabilities:** $25801.75

**Net Assets:** $15321162.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015667 | 9.14%                | -4.15%               | 1.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $236874.44               | $1059755.63                                |
| Month 2  | $63911.90                | $-667050.14                                |
| Month 3  | $-130079.11              | $422367.67                                 |

### Schedule of Portfolio Investments

| Name                                                                   | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FOX FACTORY HOLDING CORP.                                              | FOX FACTORY HOLDING CORP COMMON STOCK                      | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               |  | US        |      1600 | NS      | $188944.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA TECH, INC.                                                       | TETRA TECH INC COMMON STOCK                                | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               |  | US        |      2200 | NS      | $342144.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                                            | PROGYNY INC COMMON STOCK                                   | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               |  | US        |      3200 | NS      | $110048.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PAPA JOHN'S INTERNATIONAL, INC.                                        | PAPA JOHN'S INTL INC COMMON STOCK                          | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               |  | US        |      3100 | NS      | $278039.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP CORPORATION                                                  | API GROUP CORP COMMON STOCK                                | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               |  | US        |     11700 | NS      | $260208.00    | 1.70%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PUBMATIC, INC.                                                         | PUBMATIC INC-CLASS A COMMON STOCK                          | CUSIP: 74467Q103<br>LEI: N/A                  | Long             | EC               |  | US        |      9700 | NS      | $148701.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 NETWORKS, INC.                                                     | A10 NETWORKS INC COMMON STOCK                              | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               |  | US        |     19562 | NS      | $302819.76    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BOWLERO CORP.                                                          | BOWLERO CORP COMMON STOCK                                  | CUSIP: 10258P102<br>LEI: N/A                  | Long             | EC               |  | US        |     23300 | NS      | $320375.00    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR SURGICAL COMPANY                                                 | STAAR SURGICAL CO COMMON STOCK                             | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               |  | US        |      4200 | NS      | $296310.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS (HOLDINGS) LIMITED                                                 | WNS HOLDINGS LTD-ADR DEPOSITARY RECEIPT                    | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               |  | US        |      4308 | NS      | $365016.84    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VICOR CORPORATION                                                      | VICOR CORP COMMON STOCK                                    | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               |  | US        |      3498 | NS      | $242866.14    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC.                                                            | RAMBUS INC COMMON STOCK                                    | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               |  | US        |      8800 | NS      | $356136.00    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                                               | FABRINET COMMON STOCK                                      | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               |  | US        |      3000 | NS      | $394980.00    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF INTERNATIONAL, INC.                                                | ICF INTERNATIONAL INC COMMON STOCK                         | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               |  | US        |      3300 | NS      | $337227.00    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| VIAVI SOLUTIONS INC.                                                   | VIAVI SOLUTIONS INC COMMON STOCK                           | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               |  | US        |     19200 | NS      | $216960.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX CORPORATION                                                       | GATX CORP COMMON STOCK                                     | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               |  | US        |      3200 | NS      | $366240.00    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc                                       | HARMONY BIOSCIENCES HOLDINGS COMMON STOCK                  | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               |  | US        |      5500 | NS      | $264935.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DocGo Inc.                                                             | DOCGO INC COMMON STOCK                                     | CUSIP: 256086109<br>LEI: N/A                  | Long             | EC               |  | US        |     12100 | NS      | $121000.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MODEL N, INC.                                                          | MODEL N INC COMMON STOCK                                   | CUSIP: 607525102<br>LEI: 549300WCIL3W0EYSBN94 | Long             | EC               |  | US        |      7913 | NS      | $313829.58    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds, Inc: Government Obligations Fund; Class X Shares | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             |  | US        |    271567 | PA      | $271566.56    | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Primo Water Corporation                                                | PRIMO WATER CORP COMMON STOCK                              | CUSIP: 74167P108<br>LEI: N/A                  | Long             | EC               |  | US        |     15100 | NS      | $236315.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings, Inc.                                                   | MATIV HOLDINGS INC COMMON STOCK                            | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               |  | US        |      9400 | NS      | $259064.00    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ENSIGN GROUP, INC.                                                 | ENSIGN GROUP INC/THE COMMON STOCK                          | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               |  | US        |      3200 | NS      | $298400.00    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER INTEGRATIONS, INC.                                               | POWER INTEGRATIONS INC COMMON STOCK                        | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               |  | US        |      3400 | NS      | $292706.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFFON CORPORATION                                                    | GRIFFON CORP COMMON STOCK                                  | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               |  | US        |      9500 | NS      | $388360.00    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NEOGEN CORPORATION                                                     | NEOGEN CORP COMMON STOCK                                   | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               |  | US        |      8900 | NS      | $190549.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTRUCTION PARTNERS, INC.                                            | CONSTRUCTION PARTNERS INC-A COMMON STOCK                   | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               |  | US        |     10200 | NS      | $288558.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MODIVCARE INC.                                                         | MODIVCARE INC COMMON STOCK                                 | CUSIP: 60783X104<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | EC               |  | US        |      2000 | NS      | $214520.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW, INC.                                                       | FIVE BELOW COMMON STOCK                                    | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               |  | US        |      1600 | NS      | $315408.00    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PowerSchool Holdings Inc                                               | POWERSCHOOL HOLDINGS INC-A COMMON STOCK                    | CUSIP: 73939C106<br>LEI: N/A                  | Long             | EC               |  | US        |     15000 | NS      | $337800.00    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Zuora Inc                                                              | ZUORA INC - CLASS A COMMON STOCK                           | CUSIP: 98983V106<br>LEI: 549300ISVGC1YZWQJ420 | Long             | EC               |  | US        |     16500 | NS      | $130680.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                                             | MATSON INC COMMON STOCK                                    | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               |  | US        |      2100 | NS      | $138852.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBANY INTERNATIONAL CORP.                                             | ALBANY INTL CORP-CL A COMMON STOCK                         | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               |  | US        |      3700 | NS      | $414955.00    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| UMPQUA HOLDINGS CORPORATION                                            | UMPQUA HOLDINGS CORP COMMON STOCK                          | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               |  | US        |     16500 | NS      | $300300.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS, INC.                                                | LANTHEUS HOLDINGS INC COMMON STOCK                         | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               |  | US        |      2100 | NS      | $120750.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOQUA WATER TECHNOLOGIES CORP.                                        | EVOQUA WATER TECHNOLOGIES CO COMMON STOCK                  | CUSIP: 30057T105<br>LEI: 529900YQAOMEZRGRRP43 | Long             | EC               |  | US        |      5600 | NS      | $271656.00    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| REDEVANCES AURIFERES OSISKO LTEE                                       | OSISKO GOLD ROYALTIES LTD COMMON STOCK                     | CUSIP: 68827L101<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               |  | US        |     25900 | NS      | $346542.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AXCELIS TECHNOLOGIES, INC.                                             | AXCELIS TECHNOLOGIES INC COMMON STOCK                      | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               |  | US        |      2400 | NS      | $263880.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAN ENERGY FUELS CORP.                                               | CLEAN ENERGY FUELS CORP COMMON STOCK                       | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               |  | US        |     42900 | NS      | $242814.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HAEMONETICS CORPORATION                                                | HAEMONETICS CORP/MASS COMMON STOCK                         | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               |  | US        |      3500 | NS      | $296100.00    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB GROUP, INC.                                                        | HUB GROUP INC-CL A COMMON STOCK                            | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               |  | US        |      3100 | NS      | $264337.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTGEN HEALTHCARE, INC.                                               | NEXTGEN HEALTHCARE INC COMMON STOCK                        | CUSIP: 65343C102<br>LEI: 549300N5HIPS1URF0F20 | Long             | EC               |  | US        |     17600 | NS      | $334752.00    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORPORATION                                           | ENCOMPASS HEALTH CORP COMMON STOCK                         | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               |  | US        |      3700 | NS      | $231065.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, INC.                                                              | V2X INC COMMON STOCK                                       | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               |  | US        |      3600 | NS      | $158976.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NICOLET BANKSHARES, INC.                                               | NICOLET BANKSHARES INC COMMON STOCK                        | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               |  | US        |      3900 | NS      | $284271.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares, Inc.                                              | LIVE OAK BANCSHARES INC COMMON STOCK                       | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               |  | US        |      8100 | NS      | $277263.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MONRO, INC.                                                            | MONRO INC COMMON STOCK                                     | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               |  | US        |      5200 | NS      | $264680.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIRA BIOSCIENCES, INC.                                               | PACIRA BIOSCIENCES INC COMMON STOCK                        | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Long             | EC               |  | US        |      4000 | NS      | $157080.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUY'S HOLDINGS, INC.                                                  | CHUY'S HOLDINGS INC COMMON STOCK                           | CUSIP: 171604101<br>LEI: N/A                  | Long             | EC               |  | US        |      8800 | NS      | $301224.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPGOLF CALLAWAY BRANDS CORP.                                          | TOPGOLF CALLAWAY BRANDS CORP COMMON STOCK                  | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               |  | US        |      9700 | NS      | $237553.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MATERION CORPORATION                                                   | MATERION CORP COMMON STOCK                                 | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               |  | US        |      3700 | NS      | $333925.00    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HESKA CORPORATION                                                      | HESKA CORP COMMON STOCK                                    | CUSIP: 42805E306<br>LEI: 529900O1OR2EB7L0HY27 | Long             | EC               |  | US        |      2100 | NS      | $187824.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYLINE CHAMPION CORPORATION                                           | SKYLINE CHAMPION CORP COMMON STOCK                         | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               |  | US        |      3000 | NS      | $176850.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta, Inc.                                                           | AZENTA INC COMMON STOCK                                    | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               |  | US        |      3200 | NS      | $178880.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICELL, INC.                                                         | OMNICELL INC COMMON STOCK                                  | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               |  | US        |      3300 | NS      | $183051.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS SOFTWARE CORPORATION                                          | PROGRESS SOFTWARE CORP COMMON STOCK                        | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               |  | US        |      8700 | NS      | $461448.00    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DENBURY INC.                                                           | DENBURY INC COMMON STOCK                                   | CUSIP: 24790A101<br>LEI: 549300KCWA5W52MS5559 | Long             | EC               |  | US        |      5000 | NS      | $433900.00    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO