# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-26-002465
**Filing Date:** 2026-3
**Character Count:** 39374
**Document Hash:** 3405af7283eaff46edd711ef9362a119
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-002465.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0002048251-26-002465

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26818429

**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

### CAMBIAR SMALL CAP FUND (Series ID: S000005785)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000015899 | INVESTOR CLASS SHARES      | CAMSX           |
| C000070602 | INSTITUTIONAL CLASS SHARES | CAMZX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR OPPORTUNITY FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK** — **97.0%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **AEROSPACE/DEFENSE EQUIPMENT — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbus ADR | 97000 | $5533850 |
| **AIR FREIGHT & LOGISTICS — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;FedEx | 25000 | 8056250 |
| **AIRLINES — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Delta Air Lines | 130000 | 8565700 |
| **AUTO COMPONENTS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Aptiv \* | 83000 | 6287250 |
| **BANKS — 7.6%** |  |  |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase | 27000 | 8259030 |
| &nbsp;&nbsp;&nbsp;PNC Financial Services Group | 42000 | 9378600 |
| &nbsp;&nbsp;&nbsp;US Bancorp | 125000 | 7013750 |
|  |  | 24651380 |
| **BEVERAGES — 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Constellation Brands, Cl A | 42000 | 6581400 |
| &nbsp;&nbsp;&nbsp;Diageo ADR | 66000 | 6124800 |
| &nbsp;&nbsp;&nbsp;PepsiCo | 53000 | 8142390 |
|  |  | 20848590 |
| **BIOTECHNOLOGY — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals | 11000 | 8155950 |
| **BROADLINE RETAIL — 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 45000 | 10768500 |
| **BUILDING PRODUCTS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Masco | 94000 | 6212460 |
| **CAPITAL MARKETS — 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 35000 | 10117100 |
| **CONSTRUCTION MATERIALS — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Amrize Ltd \* | 184000 | 9682080 |
| **CONSUMER FINANCE — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;American Express | 16000 | 5634720 |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Sysco | 91000 | 7630350 |
| **ELECTRONIC EQUIPMENT INSTRUMENTS & COMPONENTS — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;TE Connectivity | 25000 | 5569500 |
| **ENERGY EQUIPMENT & SERVICES — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Schlumberger | 129000 | 6241020 |
| **FINANCIAL SERVICES — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 11000 | 5926690 |
| **GROUND TRANSPORTATION — 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Uber Technologies \* | 118000 | 9445900 |
| &nbsp;&nbsp;&nbsp;Union Pacific | 41000 | 9639100 |
|  |  | 19085000 |
| **HEALTH CARE EQUIPMENT & SERVICES — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Medtronic | 93000 | 9575280 |
| **HEALTH CARE PROVIDERS & SERVICES — 8.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Centene \* | 165000 | 7147800 |
| &nbsp;&nbsp;&nbsp;Elevance Health | 30000 | 10372200 |
| &nbsp;&nbsp;&nbsp;Labcorp Holdings | 31500 | 8552880 |
|  |  | 26072880 |
| **HOTELS, RESTAURANTS & LEISURE — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbnb, Cl A \* | 64000 | 8279680 |

---

#### 1

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR OPPORTUNITY FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**COMMON STOCK** — continued

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **INDUSTRIAL CONGLOMERATE — 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Honeywell International | 46000 | $10465920 |
| **INSURANCE — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Chubb | 28000 | 8667680 |
| **INTERACTIVE MEDIA & SERVICES — 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 30400 | 10275200 |
| **MEDIA — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Comcast, Cl A | 213000 | 6336750 |
| &nbsp;&nbsp;&nbsp;Versant Media Group \* | 8880 | 289310 |
|  |  | 6626060 |
| **MULTI-UTILITIES — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Sempra | 78000 | 6786780 |
| **OIL, GAS & CONSUMABLE FUELS — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Chevron | 47000 | 8314300 |
| **PERSONAL CARE PRODUCTS — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Estee Lauder, Cl A | 74000 | 8530720 |
| **PHARMACEUTICALS — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 150000 | 8257500 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Applied Materials | 35000 | 11281200 |
| &nbsp;&nbsp;&nbsp;Texas Instruments | 54000 | 11639700 |
|  |  | 22920900 |
| **SPECIALIZED REITS — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Weyerhaeuser | 216000 | 5568480 |
| **SPECIALTY RETAIL — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;TJX | 33000 | 4943730 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $220,452,700) |  | 314251500 |
| **SHORT-TERM INVESTMENT — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Treasury Obligation Fund 3.670% (A) (B) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $9,552,127) | 9552127 | 9552127 |
| TOTAL INVESTMENTS— 99.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $230,004,827) |  | $323803627 |

---

*Percentages are based on Net Assets of $323,967,149.*

*\** *Non-income producing security.*

&nbsp;&nbsp;&nbsp;&nbsp;*(A)* *The rate shown is the 7-day effective yield as of January 31, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(B)* *Rate shown represents the bond equivalent yield to maturity at date of purchase.* 

*ADR — American Depository Receipt*

*CI — Class*

*REIT — Real Estate Investment Trust*

*CMB-QH-007-3700*

#### 2

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR SMID FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK** — **95.8%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **AUTO COMPONENTS — 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;BorgWarner | 25500 | $1208955 |
| &nbsp;&nbsp;&nbsp;Gentex | 50655 | 1165572 |
|  |  | 2374527 |
| **BANKS — 7.4%** |  |  |
| &nbsp;&nbsp;&nbsp;BOK Financial | 8905 | 1157116 |
| &nbsp;&nbsp;&nbsp;Prosperity Bancshares | 17000 | 1173170 |
| &nbsp;&nbsp;&nbsp;Webster Financial | 17930 | 1179256 |
|  |  | 3509542 |
| **BUILDING PRODUCTS — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Masco | 17130 | 1132122 |
| **CAPITAL MARKETS — 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Cboe Global Markets | 4345 | 1151686 |
| &nbsp;&nbsp;&nbsp;Lazard, Cl A | 23910 | 1284445 |
|  |  | 2436131 |
| **CHEMICALS — 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;CF Industries Holdings | 15000 | 1398450 |
| **COMMERCIAL SERVICES & SUPPLIES — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ACV Auctions, Cl A \* | 88104 | 688092 |
| **CONSTRUCTION & ENGINEERING — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;WillScot Holdings | 55860 | 1118876 |
| **CONTAINERS & PACKAGING — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Packaging Corp of America | 5510 | 1226250 |
| **ELECTRIC UTILITIES — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Pinnacle West Capital | 13630 | 1275223 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Littelfuse | 4410 | 1427781 |
| **FINANCIAL SERVICES — 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Euronet Worldwide \* | 13415 | 972051 |
| &nbsp;&nbsp;&nbsp;WEX \* | 7675 | 1181182 |
|  |  | 2153233 |
| **FOOD PRODUCT — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Lamb Weston Holdings | 19585 | 899539 |
| **GAS UTILITIES — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Atmos Energy | 7420 | 1234243 |
| **GROUND TRANSPORTATION — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;JB Hunt Transport Services | 4740 | 960893 |
| **HEALTH CARE EQUIPMENT & SERVICES — 10.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Align Technology \* | 7100 | 1157513 |
| &nbsp;&nbsp;&nbsp;Cooper \* | 16000 | 1302080 |
| &nbsp;&nbsp;&nbsp;Globus Medical, Cl A \* | 12935 | 1172946 |
| &nbsp;&nbsp;&nbsp;Solventum \* | 15000 | 1154550 |
|  |  | 4787089 |
| **HEALTH CARE PROVIDERS & SERVICES — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics | 6335 | 1184835 |
| **HEALTH CARE TECHNOLOGY — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Phreesia \* | 74900 | 1005907 |
| **HOTELS, RESTAURANTS & LEISURE — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Sportradar Group, Cl A \* | 65110 | 1179142 |
| **HOUSEHOLD & PERSONAL PRODUCTS — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Clorox | 9000 | 1015110 |
| **INDUSTRIAL REITS — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Americold Realty Trust | 93006 | 1154205 |

---

#### 3

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR SMID FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**COMMON STOCK** — continued

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **INSURANCE — 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Fidelity National Financial | 21035 | $1144094 |
| &nbsp;&nbsp;&nbsp;Reinsurance Group of America, Cl A | 5910 | 1198252 |
|  |  | 2342346 |
| **IT SERVICES — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Amdocs | 15020 | 1230739 |
| **MACHINERY — 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | 4870 | 1292254 |
| &nbsp;&nbsp;&nbsp;Toro | 12110 | 1108065 |
|  |  | 2400319 |
| **OIL, GAS & CONSUMABLE FUELS — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;HF Sinclair | 24845 | 1291691 |
| **RETAIL REITS — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;NNN REIT | 29136 | 1214097 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Lattice Semiconductor \* | 16000 | 1288320 |
| &nbsp;&nbsp;&nbsp;Tower Semiconductor \* | 9800 | 1320354 |
|  |  | 2608674 |
| **SOFTWARE — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Dolby Laboratories, Cl A | 18915 | 1214154 |
| **WATER UTILITIES — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Essential Utilities | 30390 | 1178828 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $37,351,759) |  | 45642038 |
| **SHORT-TERM INVESTMENT — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Treasury Obligation Fund 3.670% (A) (B) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,452,154) | 1452154 | 1452154 |
| TOTAL INVESTMENTS— 98.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $38,803,913) |  | $47094192 |

---

*Percentages are based on Net Assets of $47,689,347.*

*\** *Non-income producing security.*

&nbsp;&nbsp;&nbsp;&nbsp;(A) *The rate shown is the 7-day effective yield as of January 31, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;(B) *Rate shown represents the bond equivalent yield to maturity at date of purchase.* 

*Cl — Class*

*REIT — Real Estate Investment Trust*

*CMB-QH-011-3000*

#### 4

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR SMALL CAP FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK** — **97.5%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **AIR FREIGHT & LOGISTICS — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Hub Group, Cl A | 32280 | $1535882 |
| **AUTO COMPONENTS — 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;BorgWarner | 29000 | 1374890 |
| &nbsp;&nbsp;&nbsp;Gentex | 61000 | 1403610 |
|  |  | 2778500 |
| **BANKS — 14.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Banner | 20500 | 1267720 |
| &nbsp;&nbsp;&nbsp;BOK Financial | 13000 | 1689220 |
| &nbsp;&nbsp;&nbsp;Prosperity Bancshares | 24495 | 1690400 |
| &nbsp;&nbsp;&nbsp;Texas Capital Bancshares \* | 16145 | 1633390 |
| &nbsp;&nbsp;&nbsp;United Bankshares | 42395 | 1794580 |
| &nbsp;&nbsp;&nbsp;United Community Banks | 49075 | 1689652 |
|  |  | 9764962 |
| **BIOTECHNOLOGY — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics \* | 19000 | 1362490 |
| **CAPITAL MARKETS — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Lazard, Cl A | 33290 | 1788339 |
| **COMMERCIAL SERVICES & SUPPLIES — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;ACV Auctions, Cl A \* | 161000 | 1257410 |
| &nbsp;&nbsp;&nbsp;Healthcare Services Group \* | 68785 | 1294534 |
|  |  | 2551944 |
| **CONSTRUCTION MATERIALS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Eagle Materials | 6000 | 1222860 |
| **ELECTRIC UTILITIES — 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;IDACORP | 11690 | 1552315 |
| &nbsp;&nbsp;&nbsp;TXNM Energy, Inc. | 26465 | 1559318 |
|  |  | 3111633 |
| **ENERGY & EQUIPMENT SERVICES — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;NOV | 85000 | 1559750 |
| **FINANCIAL SERVICES — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;WEX \* | 8750 | 1346625 |
| **FOOD PRODUCTS — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Ingredion | 12000 | 1417200 |
| **HEALTH CARE EQUIPMENT & SERVICES — 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Align Technology \* | 10050 | 1638452 |
| &nbsp;&nbsp;&nbsp;Globus Medical, Cl A \* | 18190 | 1649469 |
|  |  | 3287921 |
| **HEALTH CARE PROVIDERS & SERVICES — 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Addus HomeCare \* | 13370 | 1383527 |
| &nbsp;&nbsp;&nbsp;US Physical Therapy | 17395 | 1458919 |
|  |  | 2842446 |
| **HEALTH CARE TECHNOLOGY — 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;HealthStream | 63900 | 1424331 |
| &nbsp;&nbsp;&nbsp;Phreesia \* | 102210 | 1372680 |
|  |  | 2797011 |
| **HOTELS, RESTAURANTS & LEISURE — 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Monarch Casino & Resort | 15830 | 1448920 |
| &nbsp;&nbsp;&nbsp;Sportradar Group, Cl A \* | 74515 | 1349467 |
|  |  | 2798387 |
| **INDUSTRIAL REITS — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Americold Realty Trust | 107799 | 1337785 |
| &nbsp;&nbsp;&nbsp;Terreno Realty | 22000 | 1353880 |
|  |  | 2691665 |

---

#### 5

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR SMALL CAP FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**COMMON STOCK** — continued

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **INSURANCE — 7.2%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Financial | 24580 | $1552964 |
| &nbsp;&nbsp;&nbsp;Reinsurance Group of America, Cl A | 8905 | 1805489 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings | 4955 | 1395824 |
|  |  | 4754277 |
| **MACHINERY — 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Alamo Group | 8220 | 1605448 |
| &nbsp;&nbsp;&nbsp;Atmus Filtration Technologies | 26930 | 1561132 |
|  |  | 3166580 |
| **METALS & MINING — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Metallus \* | 67000 | 1336650 |
| **RETAIL REITS — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;NETSTREIT | 97370 | 1834451 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 16.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Diodes \* | 25910 | 1533613 |
| &nbsp;&nbsp;&nbsp;Ichor Holdings \* | 68000 | 2063120 |
| &nbsp;&nbsp;&nbsp;Lattice Semiconductor \* | 22000 | 1771440 |
| &nbsp;&nbsp;&nbsp;Rambus \* | 17390 | 1979504 |
| &nbsp;&nbsp;&nbsp;Tower Semiconductor \* | 13660 | 1840412 |
| &nbsp;&nbsp;&nbsp;Universal Display | 12565 | 1442713 |
|  |  | 10630802 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $50,776,975) |  | 64580375 |
| **SHORT-TERM INVESTMENT — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Treasury Obligation Fund 3.670% (A) (B) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,700,910) | 1700910 | 1700910 |
| TOTAL INVESTMENTS— 100.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $52,477,885) |  | $66281285 |

---

*Percentages are based on Net Assets of $66,230,196.*

*\** *Non-income producing security.*

&nbsp;&nbsp;&nbsp;&nbsp;*(A)* *The rate shown is the 7-day effective yield as of January 31, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(B)* *Rate shown represents the bond equivalent yield to maturity at date of purchase.* 

*Cl — Class*

*REIT — Real Estate Investment Trust*

*CMB-QH-009-3700*

#### 6

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR INTERNATIONAL EQUITY FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK — 95.0%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **BELGIUM — 3.9%** |  |  |
| **BANKS — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;KBC Group | 25500 | $3593933 |
| **PHARMACEUTICALS — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;UCB | 5500 | 1665067 |
| **TOTAL BELGIUM** |  | 5259000 |
| **DENMARK — 1.7%** |  |  |
| **HEALTH CARE SUPPLIES — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Coloplast, Cl B | 27000 | 2297015 |
| **TOTAL DENMARK** |  | 2297015 |
| **FRANCE — 7.5%** |  |  |
| **ADVERTISING — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Publicis Groupe | 26000 | 2594977 |
| **AEROSPACE & DEFENSE — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Airbus | 11100 | 2544646 |
| &nbsp;&nbsp;&nbsp;Thales | 9000 | 2731055 |
|  |  | 5275701 |
| **CHEMICALS — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Air Liquide | 13000 | 2433792 |
| **TOTAL FRANCE** |  | 10304470 |
| **GERMANY — 7.4%** |  |  |
| **CONSTRUCTION & FARM MACHINERY & HEAVY TRUCKS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Knorr-Bremse | 22400 | 2614037 |
| **MULTI-UTILITIES — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;E.ON | 131000 | 2774101 |
| **PHARMACEUTICALS — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Merck KGaA | 18500 | 2753192 |
| **SOFTWARE — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;SAP | 9500 | 1920652 |
| **TOTAL GERMANY** |  | 10061982 |
| **HONG KONG — 2.2%** |  |  |
| **INSURANCE — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;AIA Group | 263000 | 3041698 |
| **TOTAL HONG KONG** |  | 3041698 |
| **IRELAND — 8.7%** |  |  |
| **AIRLINES — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Ryanair Holdings | 101000 | 3425210 |
| **DIVERSIFIED BANKS — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of Ireland Group | 202000 | 4105224 |
| **LIFE SCIENCES TOOLS & SERVICES — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ICON \* | 11000 | 1982750 |
| **PACKAGED FOODS & MEATS — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Kerry Group, Cl A | 27000 | 2393941 |
| **TOTAL IRELAND** |  | 11907125 |
| **JAPAN — 17.0%** |  |  |
| **BUILDING PRODUCTS — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Daikin Industries | 20000 | 2401783 |
| **ENTERTAINMENT — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Nintendo | 50000 | 3248579 |

---

#### 7

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR INTERNATIONAL EQUITY FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **HEALTH CARE EQUIPMENT & SUPPLIES — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Terumo | 152000 | $1981520 |
| **HOUSEHOLD DURABLES — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Sony Group | 114000 | 2544301 |
| **INDUSTRIAL MACHINERY — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Daifuku Ltd. | 78000 | 2791186 |
| **INDUSTRIALS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Recruit Holdings | 50000 | 2616955 |
| **LEISURE PRODUCTS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Shimano | 22500 | 2563162 |
| **PROPERTY & CASUALTY INSURANCE — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Tokio Marine Holdings | 68000 | 2516387 |
| **TRADING COMPANIES & DISTRIBUTORS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;MonotaRO | 194000 | 2621808 |
| **TOTAL JAPAN** |  | 23285681 |
| **NETHERLANDS — 6.1%** |  |  |
| **BANKS — 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;ING Groep | 142000 | 4177708 |
| **SEMICONDUCTOR EQUIPMENT — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;ASML Holding, Cl G | 2900 | 4126700 |
| **TOTAL NETHERLANDS** |  | 8304408 |
| **PORTUGAL — 2.0%** |  |  |
| **INTEGRATED OIL & GAS — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Galp Energia SGPS | 137000 | 2716843 |
| **TOTAL PORTUGAL** |  | 2716843 |
| **SINGAPORE — 6.9%** |  |  |
| **BANKS — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;DBS Group Holdings | 83100 | 3867243 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Singapore Telecommunications | 763000 | 2753062 |
| **SOFTWARE — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Grab Holdings, Cl A \* | 663000 | 2850900 |
| **TOTAL SINGAPORE** |  | 9471205 |
| **SWEDEN — 2.3%** |  |  |
| **CONSTRUCTION & FARM MACHINERY & HEAVY TRUCKS — 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Epiroc, Cl A | 110000 | 3083581 |
| **TOTAL SWEDEN** |  | 3083581 |
| **SWITZERLAND — 6.1%** |  |  |
| **FOOD PRODUCTS — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Nestle | 26000 | 2469672 |
| **PACKAGED FOODS & MEATS — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Barry Callebaut | 1500 | 2623375 |
| **PHARMACEUTICALS — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Roche Holding | 7200 | 3266335 |
| **TOTAL SWITZERLAND** |  | 8359382 |
| **UNITED KINGDOM — 17.1%** |  |  |
| **BEVERAGES — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Diageo | 115000 | 2636561 |

---

#### 8

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **CAMBIAR INTERNATIONAL EQUITY FUND** |
|  | **JANUARY 31, 2026 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **CAPITAL MARKETS — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;London Stock Exchange Group | 28000 | $3111835 |
| **DIVERSIFIED BANKS — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Barclays | 613000 | 4078223 |
| **ELECTRIC UTILITIES — 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;SSE | 127000 | 4208946 |
| **PHARMACEUTICALS — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;AstraZeneca ADR | 44100 | 4091157 |
| **PROFESSIONAL SERVICES — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Intertek Group | 40000 | 2443316 |
| **TRADING COMPANIES & DISTRIBUTORS — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Ashtead Group | 44500 | 2853977 |
| **TOTAL UNITED KINGDOM** |  | 23424015 |
| **UNITED STATES — 6.1%** |  |  |
| **ENERGY EQUIPMENT & SERVICES — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Schlumberger Ltd. | 58000 | 2806040 |
| **HEALTH CARE SUPPLIES — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Alcon | 33000 | 2672340 |
| **PAPER PACKAGING — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Smurfit Westrock | 69000 | 2872470 |
| **TOTAL UNITED STATES** |  | 8350850 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $98,621,317) |  | 129867255 |
| **SHORT-TERM INVESTMENT — 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Treasury Obligation Fund 3.670% (A) (B) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,167,081) | 2167081 | 2167081 |
| TOTAL INVESTMENTS — 96.6% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $100,788,398) |  | $132034336 |

---

*Percentages are based on Net Assets of $136,651,337.*

*\** *Non-income producing security.*

&nbsp;&nbsp;&nbsp;&nbsp;*(A)* *The rate reported is the 7-day effective yield as of January 31, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(B)* *Rate shown represents the bond equivalent yield to maturity at date of purchase.* 

*ADR — American Depository Receipt*

*Cl — Class*

*Ltd. — Limited*

*CMB-QH-008-3700*

**9**

## 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:** Cambiar Small Cap Fund

- **b. EDGAR series identifier (if any):** S000005785

- **c. LEI of Series:** 549300LT4C3HQ4YGG284

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $66322882.12

**Total Liabilities:** $91083.45

**Net Assets:** $66231798.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015899 | 5.18%                | 0.96%                | 1.15%                |
| Class ID C000070602 | 5.17%                | 1.01%                | 1.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $503575.60               | $2859572.90                                |
| Month 2  | $1122899.77              | $-519680.34                                |
| Month 3  | $2909921.59              | $-2219047.58                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HALOZYME THERAPEUTICS, INC.                | HALOZYME THERAPEUTICS INC COMMON STOCK           | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               |  | US        |     19000 | NS      | $1362490.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK FINANCIAL CORPORATION                  | BOK FINANCIAL CORPORATION COMMON STOCK           | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               |  | US        |     13000 | NS      | $1689220.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, INC.                              | IDACORP INC COMMON STOCK                         | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               |  | US        |     11690 | NS      | $1552315.10   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICOLD REALTY TRUST, INC.               | AMERICOLD REALTY TRUST INC REIT                  | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               |  | US        |    107799 | NS      | $1337785.59   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES, INC.             | TEXAS CAPITAL BANCSHARES INC COMMON STOCK        | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               |  | US        |     16145 | NS      | $1633389.65   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FINANCIAL CORPORATION       | FIRST AMERICAN FINANCIAL COMMON STOCK            | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               |  | US        |     24580 | NS      | $1552964.40   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV AUCTIONS INC.                          | ACV AUCTIONS INC-A COMMON STOCK                  | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               |  | US        |    161000 | NS      | $1257410.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC.                                | RAMBUS INC COMMON STOCK                          | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               |  | US        |     17390 | NS      | $1979503.70   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE SERVICES GROUP, INC.            | HEALTHCARE SERVICES GROUP COMMON STOCK           | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               |  | US        |     68785 | NS      | $1294533.70   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc          | ATMUS FILTRATION TECHNOLOGIE COMMON STOCK        | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               |  | US        |     26930 | NS      | $1561132.10   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV INC.                                   | NOV INC COMMON STOCK                             | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               |  | US        |     85000 | NS      | $1559750.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                        | SPORTRADAR GROUP AG-A COMMON STOCK               | CUSIP: H8088L103<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               |  | US        |     74515 | NS      | $1349466.65   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES, INC.                | PROSPERITY BANCSHARES INC COMMON STOCK           | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               |  | US        |     24495 | NS      | $1690399.95   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD.                | RENAISSANCERE HOLDINGS LTD COMMON STOCK          | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               |  | US        |      4955 | NS      | $1395823.50   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| METALLUS INC.                              | METALLUS INC COMMON STOCK                        | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               |  | US        |     67000 | NS      | $1336650.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ADDUS HOMECARE CORPORATION                 | ADDUS HOMECARE CORP COMMON STOCK                 | CUSIP: N/A<br>LEI: 52990090ZT33AKPDBX62       | Long             | EC               |  | US        |     13370 | NS      | $1383527.60   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHSTREAM, INC.                         | HEALTHSTREAM INC COMMON STOCK                    | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               |  | US        |     63900 | NS      | $1424331.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DIODES INCORPORATED                        | DIODES INC COMMON STOCK                          | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               |  | US        |     25910 | NS      | $1533612.90   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORPORATION          | LATTICE SEMICONDUCTOR CORP COMMON STOCK          | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               |  | US        |     22000 | NS      | $1771440.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBUS MEDICAL, INC.                       | GLOBUS MEDICAL INC - A COMMON STOCK              | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               |  | US        |     18190 | NS      | $1649469.20   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT CORP.                            | NETSTREIT CORP REIT                              | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |     97370 | NS      | $1834450.80   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL DISPLAY CORPORATION              | UNIVERSAL DISPLAY CORP COMMON STOCK              | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               |  | US        |     12565 | NS      | $1442713.30   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                            | BORGWARNER INC COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300DSFX2IE88NSX47       | Long             | EC               |  | US        |     29000 | NS      | $1374890.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED BANKSHARES, INC.                    | UNITED BANKSHARES INC COMMON STOCK               | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               |  | US        |     42395 | NS      | $1794580.35   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO REALTY CORPORATION                 | TERRENO REALTY CORP REIT                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |     22000 | NS      | $1353880.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY, INC.                     | ALIGN TECHNOLOGY INC COMMON STOCK                | CUSIP: N/A<br>LEI: 549300N5YSE0U3LCP840       | Long             | EC               |  | US        |     10050 | NS      | $1638451.50   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| U. S. PHYSICAL THERAPY, INC.               | U.S. PHYSICAL THERAPY INC COMMON STOCK           | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               |  | US        |     17395 | NS      | $1458918.65   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA, INCORPORATED | REINSURANCE GROUP OF AMERICA COMMON STOCK        | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               |  | US        |      8905 | NS      | $1805488.75   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD, INC.                               | LAZARD INC COMMON STOCK                          | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               |  | US        |     33290 | NS      | $1788338.80   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy, Inc.                          | TXNM ENERGY INC COMMON STOCK                     | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               |  | US        |     26465 | NS      | $1559317.80   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX INC.                                   | WEX INC COMMON STOCK                             | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               |  | US        |      8750 | NS      | $1346625.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB GROUP, INC.                            | HUB GROUP INC-CL A COMMON STOCK                  | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               |  | US        |     32280 | NS      | $1535882.40   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTEX CORPORATION                         | GENTEX CORP COMMON STOCK                         | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               |  | US        |     61000 | NS      | $1403610.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANNER CORPORATION                         | BANNER CORPORATION COMMON STOCK                  | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               |  | US        |     20500 | NS      | $1267720.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                               | PHREESIA INC COMMON STOCK                        | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               |  | US        |    102210 | NS      | $1372680.30   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMO GROUP INC.                           | ALAMO GROUP INC COMMON STOCK                     | CUSIP: N/A<br>LEI: 54930080C93RVZRSDV26       | Long             | EC               |  | US        |      8220 | NS      | $1605448.20   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE MATERIALS INC.                       | EAGLE MATERIALS INC COMMON STOCK                 | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               |  | US        |      6000 | NS      | $1222860.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                     | INGREDION INC COMMON STOCK                       | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |     12000 | NS      | $1417200.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWER SEMICONDUCTOR LTD                    | TOWER SEMICONDUCTOR LTD COMMON STOCK             | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               |  | US        |     13660 | NS      | $1840411.80   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICHOR HOLDINGS, LTD.                       | ICHOR HOLDINGS LTD COMMON STOCK                  | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               |  | US        |     68000 | NS      | $2063120.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED COMMUNITY BANKS, INC.               | UNITED COMMUNITY BANKS/GA COMMON STOCK           | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               |  | US        |     49075 | NS      | $1689652.25   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MONARCH CASINO & RESORT, INC.              | MONARCH CASINO & RESORT INC COMMON STOCK         | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               |  | US        |     15830 | NS      | $1448919.90   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | FIRST AMERICAN TREASURY OBLIGATIONS FUND CLASS X | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             |  | US        |   1700910 | PA      | $1700910.04   | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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