# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001752724-25-211129
**Filing Date:** 2025-8
**Character Count:** 23297
**Document Hash:** 8977785be54371a3d747e9bf21427698
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211129.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211129

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22920
- **FILM NUMBER:** 251270124

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (800) 342-5734

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### ARGA INTERNATIONAL VALUE FUND (Series ID: S000071563)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000226877 | Institutional Shares | ARVIX           |

## 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 III

- **b. Investment Company Act file number:** 811-22920

- **c. CIK number of Registrant:** 0001593547

- **d. LEI of Registrant:** 549300TG800HOPJVWT31

- **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:** ARGA International Value Fund

- **b. EDGAR series identifier (if any):** S000071563

- **c. LEI of Series:** 54930038PKDSI2AYT567

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $121592128.09

**Total Liabilities:** $75529.27

**Net Assets:** $121516598.82

**Cash Not Reported:** $2019276.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226877 | 6.39%                | 7.32%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $693368.52               | $6396247.11                                |
| Month 2  | $15146.77                | $7233090.41                                |
| Month 3  | $-132530.69              | $286664.57                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO Bank N.V.                               | ABN AMRO BANK NV-CVA DEPOSITARY RECEIPT        | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               |  | NL        |     43420 | NS      | $1185627.67   | 0.98%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ACCOR SA                                         | ACCOR SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               |  | FR        |     26920 | NS      | $1410839.65   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Adecco Group AG                                  | ADECCO GROUP AG-REG COMMON STOCK               | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               |  | CH        |     32603 | NS      | $971502.72    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon Ltd                                        | AEGON LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               |  | NL        |    156627 | NS      | $1135034.41   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                        | AIRBUS SE COMMON STOCK                         | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               |  | FR        |     12070 | NS      | $2525060.38   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBEV S.A.                                       | AMBEV SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               |  | BR        |    281358 | NS      | $688234.68    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                 | ARCELORMITTAL COMMON STOCK                     | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               |  | NL        |     24898 | NS      | $790621.15    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.            | BANCO BILBAO VIZCAYA ARGENTA COMMON STOCK      | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               |  | ES        |    216681 | NS      | $3336521.89   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco S.A.                              | BANCO BRADESCO-ADR DEPOSITARY RECEIPT          | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               |  | US        |    495999 | NS      | $1532636.91   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                            | BANCO SANTANDER SA COMMON STOCK                | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               |  | ES        |    315626 | NS      | $2613667.92   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Rakyat Indonesia (Persero) Tbk           | BANK RAKYAT INDONESIA PERSER COMMON STOCK      | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               |  | ID        |   9215900 | NS      | $2124821.30   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer Aktiengesellschaft                         | BAYER AG-REG COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               |  | DE        |     84185 | NS      | $2536273.32   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                       | BOLIDEN AB COMMON STOCK                        | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               |  | SE        |     91939 | NS      | $2873044.24   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SE                                     | CAPGEMINI SE COMMON STOCK                      | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               |  | FR        |     13387 | NS      | $2292348.32   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS LAND & INVESTMENT LTD.            | CHINA OVERSEAS LAND & INVEST COMMON STOCK      | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               |  | HK        |   1189804 | NS      | $2074060.14   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental Aktiengesellschaft                   | CONTINENTAL AG COMMON STOCK                    | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               |  | DE        |     11632 | NS      | $1015217.65   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                      | EQUINOR ASA COMMON STOCK                       | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               |  | NO        |    106740 | NS      | $2695617.80   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: USD/EUR SETTLE 2025-07-01 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-765.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: USD/GBP SETTLE 2025-07-01 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-9.63        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: USD/HKD SETTLE 2025-07-02 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-0.17        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Limited               | GALAXY ENTERTAINMENT GROUP L COMMON STOCK      | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               |  | HK        |    249000 | NS      | $1109942.30   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai         | GREE ELECTRIC APPLIANCES I-A COMMON STOCK      | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               |  | CN        |    186100 | NS      | $1167160.04   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                          | GSK PLC COMMON STOCK                           | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               |  | GB        |     55331 | NS      | $1054963.68   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU S.A.                                      | Gerdau SA PREFERRED STOCK                      | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EP               |  | BR        |    256068 | NS      | $754097.66    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LIMITED                                | HDFC BANK LIMITED COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               |  | IN        |     33438 | NS      | $780625.57    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LIMITED                                | HDFC BANK LTD-ADR DEPOSITARY RECEIPT           | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               |  | US        |      8118 | NS      | $622407.06    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                | HSBC HOLDINGS PLC COMMON STOCK                 | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               |  | GB        |    241261 | NS      | $2918330.51   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOBIS CO.,LTD                            | HYUNDAI MOBIS CO LTD COMMON STOCK              | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               |  | KR        |     11899 | NS      | $2524351.50   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                         | INFINEON TECHNOLOGIES AG COMMON STOCK          | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               |  | DE        |     88571 | NS      | $3779516.74   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Gruppe AG                            | JULIUS BAER GROUP LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               |  | CH        |     19526 | NS      | $1324543.13   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KERING SA                                        | KERING COMMON STOCK                            | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               |  | FR        |     19202 | NS      | $4183275.91   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobe Steel, Ltd.                                 | KOBE STEEL LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: 549300ZDCYYUPHEE5K87       | Long             | EC               |  | JP        |    107300 | NS      | $1171325.11   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP.                            | LAS VEGAS SANDS CORP COMMON STOCK              | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               |  | US        |     56136 | NS      | $2442477.36   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                                   | LI NING CO LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               |  | HK        |    945500 | NS      | $2049055.24   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Lojas Renner S.A.                                | LOJAS RENNER S.A. COMMON STOCK                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    726850 | NS      | $2626137.10   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc.                         | MAGNA INTERNATIONAL INC COMMON STOCK           | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               |  | CA        |     45343 | NS      | $1752785.40   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Marubeni Corporation                             | MARUBENI CORP COMMON STOCK                     | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               |  | JP        |    108100 | NS      | $2179106.52   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MELCO RESORTS & ENTERTAINMENT LIMITED            | MELCO RESORTS & ENTERT-ADR DEPOSITARY RECEIPT  | CUSIP: 585464100<br>LEI: 529900NRV6LBR3T6B421 | Long             | EC               |  | US        |    185949 | NS      | $1344411.27   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                        | NESTE OYJ COMMON STOCK                         | CUSIP: N/A<br>LEI: 5493009GY1X8GQ66AM14       | Long             | EC               |  | FI        |    106160 | NS      | $1438700.79   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NIDEC CORPORATION                                | NIDEC CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: 353800IF171MZTNL6Y31       | Long             | EC               |  | JP        |    291800 | NS      | $5670578.47   | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                        | NOKIA OYJ COMMON STOCK                         | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               |  | FI        |    955151 | NS      | $4955937.89   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                                     | NUTRIEN LTD COMMON STOCK                       | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               |  | CA        |     62705 | NS      | $3653858.45   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PERNOD RICARD SA                                 | PERNOD RICARD SA COMMON STOCK                  | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               |  | FR        |     11306 | NS      | $1127791.97   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd. | PING AN INSURANCE GROUP CO-H COMMON STOCK      | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               |  | HK        |    380627 | NS      | $2429663.61   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL PUBLIC LIMITED COMPANY                | PRUDENTIAL PLC COMMON STOCK                    | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               |  | GB        |    199368 | NS      | $2495332.50   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                      | QBE INSURANCE GROUP LTD COMMON STOCK           | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               |  | AU        |     41901 | NS      | $645239.03    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad N.V.                                    | RANDSTAD NV COMMON STOCK                       | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               |  | NL        |     24643 | NS      | $1139026.35   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol S.A.                                      | REPSOL SA COMMON STOCK                         | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               |  | ES        |     67879 | NS      | $992828.15    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SAIPEM S.P.A.                                    | SAIPEM SPA COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               |  | IT        |    271223 | NS      | $741471.72    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                    | SAMSUNG ELECTRONICS CO LTD COMMON STOCK        | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               |  | KR        |     13372 | NS      | $591331.52    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDS CHINA LTD.                                 | SANDS CHINA LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               |  | HK        |   1545200 | NS      | $3229360.62   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                  | SHINHAN FINANCIAL GROUP LTD COMMON STOCK       | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               |  | KR        |     32841 | NS      | $1488907.73   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc.                                    | SK HYNIX INC COMMON STOCK                      | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               |  | KR        |     19159 | NS      | $4128412.20   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                           | STANDARD CHARTERED PLC COMMON STOCK            | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               |  | GB        |    143326 | NS      | $2371830.07   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                          | STMICROELECTRONICS NV COMMON STOCK             | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               |  | FR        |    223156 | NS      | $6842428.29   | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN HUNG KAI PROPERTIES LIMITED                  | SUN HUNG KAI PROPERTIES COMMON STOCK           | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               |  | HK        |    113500 | NS      | $1307865.82   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPERFORMANCE SE                               | TELEPERFORMANCE COMMON STOCK                   | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               |  | FR        |      5027 | NS      | $488260.55    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LIMITED                           | TRIP.COM GROUP LTD-ADR DEPOSITARY RECEIPT      | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               |  | US        |     50738 | NS      | $2975276.32   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                     | UBS GROUP AG-REG COMMON STOCK                  | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               |  | CH        |    100031 | NS      | $3396229.52   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITBREAD PLC                                    | WHITBREAD PLC COMMON STOCK                     | CUSIP: N/A<br>LEI: 21380099VMZKRMN3EX36       | Long             | EC               |  | GB        |     32233 | NS      | $1250830.96   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer