# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001398344-25-012440
**Filing Date:** 2025-6
**Character Count:** 2166
**Document Hash:** 2d48748e4a612e8bd427d62a7d8d2c68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-012440.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001398344-25-012440

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**EFFECTIVENESS DATE**: 20250630

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-192858
- **FILM NUMBER:** 251091525

**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

### RAYLIANT QUANTAMENTAL CHINA EQUITY ETF (Series ID: S000070570)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000224149 | RAYLIANT QUANTAMENTAL CHINA EQUITY ETF | RAYC            |

**THE ADVISORS' INNER CIRCLE FUND III**

**Rayliant Quantamental China Equity ETF**

**Rayliant Quantitative Developed Market Equity ETF**

**Rayliant Quantamental Emerging Market Ex-China Equity ETF**

**Rayliant SMDAM Japan Equity ETF**

**(the "Funds")**

**Supplement dated June 30, 2025 to the Funds' Summary Prospectuses, Prospectus and Statement of Additional Information ("SAI"), each dated January 28, 2025**

**This supplement provides new and additional information beyond that contained in the Summary Prospectuses, Prospectus and SAI, and should be read in conjunction with the Summary Prospectuses, Prospectus and SAI.**

Mark Schlarbaum no longer serves as a portfolio manager for the Funds. Accordingly, all references to Mr. Schlarbaum contained in the Summary Prospectuses, Prospectus and SAI are hereby deleted. There are currently no plans to replace Mr. Schlarbaum with an additional portfolio manager for any of the Funds.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**

**RAY-SK-006-0100**