# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0001752724-25-158136
**Filing Date:** 2025-6
**Character Count:** 38453
**Document Hash:** 15f292c2e63552bf5b60892b1d95b95f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-158136.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-158136

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251077240

**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

### LSV U.S. MANAGED VOLATILITY FUND (Series ID: S000045798)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000142756 | Institutional Class Shares | LSVMX           |
| C000142757 | Investor Class Shares      | LVAMX           |

## 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:** LSV U.S. Managed Volatility Fund

- **b. EDGAR series identifier (if any):** S000045798

- **c. LEI of Series:** 549300XO8REARCKL8558

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $22504506.11

**Total Liabilities:** $22423.66

**Net Assets:** $22482082.45

**Cash Not Reported:** $6784.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142757 | -1.76%               | -1.01%               | 2.93%                |
| Class ID C000142756 | -1.79%               | -0.93%               | 2.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $338543.16               | $-784807.77                                |
| Month 2  | $2657.52                 | $-284681.18                                |
| Month 3  | $531307.43               | $83385.11                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| METLIFE, INC.                               | METLIFE INC COMMON STOCK                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               |  | US        |      1100 | NS      | $82907.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY               | MOLSON COORS BEVERAGE CO - B COMMON STOCK       | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               |  | US        |      6300 | NS      | $362439.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                         | CHEVRON CORP COMMON STOCK                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |      1800 | NS      | $244908.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORPORATION                           | LOEWS CORP COMMON STOCK                         | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               |  | US        |      1300 | NS      | $112879.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                             | THE CIGNA GROUP COMMON STOCK                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               |  | US        |       500 | NS      | $170020.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                       | GILEAD SCIENCES INC COMMON STOCK                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |      4100 | NS      | $436814.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | LSV TRI-PARTY REPO MORGAN STANLEY               | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |    269224 | PA      | $269224.28    | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE     | CAN IMPERIAL BK OF COMMERCE COMMON STOCK        | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               |  | CA        |      2800 | NS      | $176599.45    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                   | WESTERN UNION CO COMMON STOCK                   | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               |  | US        |     16800 | NS      | $166488.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC COMPANY           | PORTLAND GENERAL ELECTRIC CO COMMON STOCK       | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               |  | US        |      3000 | NS      | $126360.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                    | SONOCO PRODUCTS CO COMMON STOCK                 | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               |  | US        |      3300 | NS      | $135300.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTERNATIONAL CORPORATION      | OLD REPUBLIC INTL CORP COMMON STOCK             | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               |  | US        |      6500 | NS      | $244400.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                                   | EBAY INC COMMON STOCK                           | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               |  | US        |      4700 | NS      | $320352.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.          | HARTFORD INSURANCE GROUP INC/THE COMMON STOCK   | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               |  | US        |      1800 | NS      | $220806.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                     | BRISTOL-MYERS SQUIBB CO COMMON STOCK            | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |      5100 | NS      | $256020.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC.                | FRESH DEL MONTE PRODUCE INC COMMON STOCK        | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               |  | US        |      4170 | NS      | $141821.70    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                | CF INDUSTRIES HOLDINGS INC COMMON STOCK         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               |  | US        |      1200 | NS      | $94044.00     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                            | TOTALENERGIES SE -SPON ADR DEPOSITARY RECEIPT   | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               |  | US        |      1600 | NS      | $90960.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM INDUSTRIES INCORPORATED                 | ABM INDUSTRIES INC COMMON STOCK                 | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               |  | US        |      3528 | NS      | $171954.72    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                  | ALBERTSONS COS INC - CLASS A COMMON STOCK       | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               |  | US        |     11400 | NS      | $250572.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY           | GRAPHIC PACKAGING HOLDING CO COMMON STOCK       | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               |  | US        |      2600 | NS      | $65806.00     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ATCO LTD.                                   | ATCO LTD -CLASS I COMMON STOCK                  | CUSIP: 046789400<br>LEI: 5299005SPZ1QYL51JD25 | Long             | EC               |  | CA        |      2000 | NS      | $75192.22     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                                | MATTEL INC COMMON STOCK                         | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               |  | US        |      9600 | NS      | $152544.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                           | MERCK & CO. INC. COMMON STOCK                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |      3100 | NS      | $264120.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ENI S.P.A.                                  | ENI SPA-SPONSORED ADR DEPOSITARY RECEIPT        | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               |  | US        |      6900 | NS      | $196029.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                 | LOCKHEED MARTIN CORP COMMON STOCK               | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |       500 | NS      | $238875.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                     | BANK OF NOVA SCOTIA COMMON STOCK                | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               |  | CA        |      1500 | NS      | $75054.40     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                         | COMCAST CORP-CLASS A COMMON STOCK               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |      9000 | NS      | $307800.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC.                                  | CANON INC-SPONS ADR DEPOSITARY RECEIPT          | CUSIP: 138006309<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               |  | US        |      9000 | NS      | $276480.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                               | DROPBOX INC-CLASS A COMMON STOCK                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               |  | US        |     12900 | NS      | $368295.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SK TELECOM CO.,LTD                          | SK TELECOM CO LTD-SPON ADR DEPOSITARY RECEIPT   | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               |  | US        |      4900 | NS      | $105791.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| YELP INC.                                   | YELP INC COMMON STOCK                           | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               |  | US        |      4000 | NS      | $140320.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnera Corporation                         | MAGNERA CORP COMMON STOCK                       | CUSIP: 55939A107<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               |  | US        |       552 | NS      | $8097.84      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                        | SNAP-ON INC COMMON STOCK                        | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               |  | US        |       600 | NS      | $188286.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                                  | UNUM GROUP COMMON STOCK                         | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               |  | US        |      2500 | NS      | $194150.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES, INC.                      | FEDERATED HERMES INC COMMON STOCK               | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               |  | US        |      4300 | NS      | $174623.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                                | NETAPP INC COMMON STOCK                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               |  | US        |      1700 | NS      | $152575.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                         | CENTENE CORP COMMON STOCK                       | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               |  | US        |      3100 | NS      | $185535.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                     | KRAFT HEINZ CO/THE COMMON STOCK                 | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               |  | US        |      8100 | NS      | $235710.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HOLDINGS, INC.         | ALLISON TRANSMISSION HOLDING COMMON STOCK       | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               |  | US        |      2400 | NS      | $221376.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.       | AMERICAN ELECTRIC POWER COMMON STOCK            | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               |  | US        |      1400 | NS      | $151676.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                          | EXELON CORP COMMON STOCK                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               |  | US        |      4000 | NS      | $187600.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                             | BUNGE GLOBAL SA COMMON STOCK                    | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               |  | US        |      1700 | NS      | $133824.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA MOTOR CO., LTD.                       | HONDA MOTOR CO LTD-SPONS ADR DEPOSITARY RECEIPT | CUSIP: 438128308<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               |  | US        |      8700 | NS      | $265437.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                      | INGREDION INC COMMON STOCK                      | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |      1200 | NS      | $159384.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS, INC.                     | ARROW ELECTRONICS INC COMMON STOCK              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               |  | US        |      1500 | NS      | $167040.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                               | ORGANON & CO COMMON STOCK                       | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               |  | US        |      1300 | NS      | $16809.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                         | CISCO SYSTEMS INC COMMON STOCK                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |      9100 | NS      | $525343.00    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                          | INCYTE CORP COMMON STOCK                        | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               |  | US        |      2900 | NS      | $181714.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                         | EVEREST GROUP LTD COMMON STOCK                  | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               |  | US        |       400 | NS      | $143532.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                   | SANOFI-ADR DEPOSITARY RECEIPT                   | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               |  | US        |      2300 | NS      | $126385.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                           | T-MOBILE US INC COMMON STOCK                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |       400 | NS      | $98780.00     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                 | VERIZON COMMUNICATIONS INC COMMON STOCK         | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     14800 | NS      | $652088.00    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| JUNIPER NETWORKS, INC.                      | JUNIPER NETWORKS INC COMMON STOCK               | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               |  | US        |      6100 | NS      | $221552.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                   | NOKIA CORP-SPON ADR DEPOSITARY RECEIPT          | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               |  | US        |     34900 | NS      | $174151.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                              | AMDOCS LTD COMMON STOCK                         | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               |  | US        |      5100 | NS      | $451758.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | CITIGROUP INC COMMON STOCK                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |      2800 | NS      | $191464.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BRINK'S COMPANY                         | BRINK'S CO/THE COMMON STOCK                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               |  | US        |      1170 | NS      | $104410.80    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                     | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               |  | US        |       200 | NS      | $106650.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                              | KROGER CO COMMON STOCK                          | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               |  | US        |      7000 | NS      | $505470.00    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                   | AT&T INC COMMON STOCK                           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |     24000 | NS      | $664800.00    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTERNATIONAL, INC.             | CSG SYSTEMS INTL INC COMMON STOCK               | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               |  | US        |      3700 | NS      | $222481.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                       | CARDINAL HEALTH INC COMMON STOCK                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               |  | US        |      1700 | NS      | $240193.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                            | GEN DIGITAL INC COMMON STOCK                    | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               |  | US        |      8800 | NS      | $227656.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INCORPORATED                          | AFLAC INC COMMON STOCK                          | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               |  | US        |      1400 | NS      | $152152.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.              | LYONDELLBASELL INDU-CL A COMMON STOCK           | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               |  | US        |      1200 | NS      | $69852.00     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED               | AXIS CAPITAL HOLDINGS LTD COMMON STOCK          | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               |  | US        |      1800 | NS      | $173376.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INVESTMENT CORPORATION                 | MGIC INVESTMENT CORP COMMON STOCK               | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               |  | US        |      4300 | NS      | $107113.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SIXTH STREET SPECIALTY LENDING, INC.        | SIXTH STREET SPECIALTY LENDI COMMON STOCK       | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               |  | US        |      4700 | NS      | $97572.00     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                           | JOHNSON & JOHNSON COMMON STOCK                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |      1600 | NS      | $250096.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                           | H&R BLOCK INC COMMON STOCK                      | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               |  | US        |      4000 | NS      | $241480.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION  | COGNIZANT TECH SOLUTIONS-A COMMON STOCK         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               |  | US        |      4200 | NS      | $308994.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                | CUMMINS INC COMMON STOCK                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               |  | US        |       900 | NS      | $264456.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                     | HP INC COMMON STOCK                             | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               |  | US        |     10500 | NS      | $268485.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE WEST CAPITAL CORPORATION           | PINNACLE WEST CAPITAL COMMON STOCK              | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               |  | US        |      1200 | NS      | $114216.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY          | HEWLETT PACKARD ENTERPRISE COMMON STOCK         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               |  | US        |     15000 | NS      | $243300.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corporation                       | OPEN TEXT CORP COMMON STOCK                     | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               |  | CA        |      6600 | NS      | $178668.21    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | ALTRIA GROUP INC COMMON STOCK                   | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |      6300 | NS      | $372645.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                | EVERGY INC COMMON STOCK                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               |  | US        |      2700 | NS      | $186570.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                             | BORGWARNER INC COMMON STOCK                     | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               |  | US        |      5000 | NS      | $141900.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                         | GENERAL MILLS INC COMMON STOCK                  | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               |  | US        |      4300 | NS      | $243982.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COGECO COMMUNICATIONS INC.                  | COGECO COMMUNICATIONS INC COMMON STOCK          | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               |  | CA        |      1900 | NS      | $93442.62     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                           | HSBC HOLDINGS PLC-SPONS ADR DEPOSITARY RECEIPT  | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               |  | US        |      4800 | NS      | $269184.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                        | CONAGRA BRANDS INC COMMON STOCK                 | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               |  | US        |      4300 | NS      | $106253.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                        | MCKESSON CORP COMMON STOCK                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               |  | US        |       100 | NS      | $71279.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY.             | ARCHER-DANIELS-MIDLAND CO COMMON STOCK          | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               |  | US        |      3500 | NS      | $167125.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTRON INC.                                | TEXTRON INC COMMON STOCK                        | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               |  | US        |      2000 | NS      | $140740.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| THE J. M. SMUCKER COMPANY                   | JM SMUCKER CO/THE COMMON STOCK                  | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               |  | US        |      1700 | NS      | $197659.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                    | F5 INC COMMON STOCK                             | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               |  | US        |       800 | NS      | $211792.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                       | TD SYNNEX CORP COMMON STOCK                     | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               |  | US        |      1900 | NS      | $210520.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY | JAZZ PHARMACEUTICALS PLC COMMON STOCK           | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               |  | US        |      1300 | NS      | $152048.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION             | UNITED THERAPEUTICS CORP COMMON STOCK           | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               |  | US        |       400 | NS      | $121236.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                       | NEWMARKET CORP COMMON STOCK                     | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               |  | US        |       500 | NS      | $307650.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET, INC.                                 | AVNET INC COMMON STOCK                          | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               |  | US        |      4500 | NS      | $211455.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                   | NATIONAL FUEL GAS CO COMMON STOCK               | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |      3300 | NS      | $253374.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CAMPBELL'S COMPANY                      | THE CAMPBELL'S COMPANY COMMON STOCK             | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               |  | US        |      3800 | NS      | $138548.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                      | CVS HEALTH CORP COMMON STOCK                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               |  | US        |      2700 | NS      | $180117.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                              | EXELIXIS INC COMMON STOCK                       | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               |  | US        |      7700 | NS      | $301455.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                           | EVERSOURCE ENERGY COMMON STOCK                  | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               |  | US        |      3100 | NS      | $184388.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | INTL BUSINESS MACHINES CORP COMMON STOCK        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      1500 | NS      | $362730.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                            | NRG ENERGY INC COMMON STOCK                     | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               |  | US        |      1100 | NS      | $120538.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                     | EXXON MOBIL CORP COMMON STOCK                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      2800 | NS      | $295764.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation     | BANK OF NEW YORK MELLON CORP COMMON STOCK       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               |  | US        |      6000 | NS      | $482460.00    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                             | FOX CORP - CLASS A COMMON STOCK                 | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               |  | US        |      4000 | NS      | $199160.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN TIRE CORPORATION, LIMITED          | CANADIAN TIRE CORP-CLASS A COMMON STOCK         | CUSIP: 136681202<br>LEI: 549300RLHDA7VQYMUB14 | Long             | EC               |  | CA        |      1100 | NS      | $120388.80    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                     | GSK PLC-SPON ADR DEPOSITARY RECEIPT             | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               |  | US        |      5800 | NS      | $231130.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                 | PFIZER INC COMMON STOCK                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               |  | US        |     11300 | NS      | $275833.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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