# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-004715
**Filing Date:** 2026-6
**Character Count:** 27938
**Document Hash:** ef2c4926e0158992be1e7edb96a2d63e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-004715.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0002048251-26-004715

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**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:** 261047882

**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

### Redwheel Global Emerging Equity Fund (Series ID: S000055328)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000174121 | Class I Shares             | RWCIX           |
| C000174122 | Institutional Class Shares | RWCEX           |

## 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:** Redwheel Global Emerging Equity Fund

- **b. EDGAR series identifier (if any):** S000055328

- **c. LEI of Series:** 5493002VZUBN8A0SY772

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $214634816.62

**Total Liabilities:** $1229403.08

**Net Assets:** $213405413.54

**Cash Not Reported:** $69445.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000174122 | -11.61%              | 4.24%                | 10.63%               |
| Class ID C000174121 | -11.64%              | 4.25%                | 10.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3437195.68              | $-31586936.87                              |
| Month 2  | $10381884.14             | $-584449.29                                |
| Month 3  | $4542421.32              | $17920538.95                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IMPALA PLATINUM HOLDINGS LIMITED                   | IMPALA PLATINUM HOLDINGS LTD COMMON STOCK       | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               |  | ZA        |    204191 | NS      | $2870705.29   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KUAISHOU TECHNOLOGY                                | KUAISHOU TECHNOLOGY COMMON STOCK                | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               |  | HK        |    387764 | NS      | $2284347.64   | 1.07%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CREDICORP LTD.                                     | CREDICORP LTD COMMON STOCK                      | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               |  | US        |      5589 | NS      | $1895677.02   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM BIRLESIK MAGAZALAR ANONIM SIRKETI              | BIM BIRLESIK MAGAZALAR AS COMMON STOCK          | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               |  | TR        |    145182 | NS      | $2235843.27   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Gold International Co Ltd                    | ZIJIN GOLD INTERNATIONAL CO COMMON STOCK        | CUSIP: N/A<br>LEI: 254900FINUJR4MZ8A417       | Long             | EC               |  | HK        |     33364 | NS      | $759422.24    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG NV                                             | CSG NV COMMON STOCK                             | CUSIP: N/A<br>LEI: 31570078IM9ILNPQUB16       | Long             | EC               |  | NL        |     94238 | NS      | $2534295.33   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD COMPANY LIMITED                                | BYD CO LTD-H COMMON STOCK                       | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               |  | HK        |    485300 | NS      | $6635546.35   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Halyk Bank of Kazakhstan Joint Stock Company       | HALYK SAVINGS BANK-GDR REG S DEPOSITARY RECEIPT | CUSIP: 46627J302<br>LEI: 213800NYDTVQM4SDUD67 | Long             | EC               |  | GB        |     42578 | NS      | $1359174.92   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co., Ltd.          | CONTEMPORARY AMPEREX TECHN-A COMMON STOCK       | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               |  | CN        |    106240 | NS      | $6285802.51   | 2.95%             |  |  |  | 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        |     65051 | NS      | $3877127.98   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARTI AIRTEL LIMITED                              | BHARTI AIRTEL LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               |  | IN        |    180563 | NS      | $3431309.66   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI LIFE INSURANCE COMPANY LIMITED                 | SBI LIFE INSURANCE CO LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 335800WMVIESQUO95586       | Long             | EC               |  | IN        |    107488 | NS      | $2033251.44   | 0.95%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S.A.            | QUIMICA Y MINERA CHIL-SP ADR DEPOSITARY RECEIPT | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               |  | US        |     66817 | NS      | $5408167.98   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico, S.A.B. de C.V.                 | WALMART DE MEXICO SAB DE CV COMMON STOCK        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MX        |   1311700 | NS      | $4248856.69   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LIMITED                                 | ICICI BANK LTD COMMON STOCK                     | CUSIP: Y3860Z132<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               |  | IN        |    190783 | NS      | $2449129.78   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Ltd                                        | KANZHUN LTD - ADR DEPOSITARY RECEIPT            | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               |  | US        |    130054 | NS      | $1741423.06   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AKBANK TURK ANONIM SIRKETI                         | AKBANK T.A.S. COMMON STOCK                      | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               |  | TR        |   2844779 | NS      | $4242252.96   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GF Securities Co., Ltd.                            | GF SECURITIES CO LTD-H COMMON STOCK             | CUSIP: N/A<br>LEI: 3003007E0Y3ZJ5HNA936       | Long             | EC               |  | HK        |    919800 | NS      | $1708904.33   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CONG TY CO PHAN TAP DOAN HOA PHAT                  | HOA PHAT GROUP JSC COMMON STOCK                 | CUSIP: N/A<br>LEI: 549300ODJEFGL5CWKD32       | Long             | EC               |  | VN        |   1844768 | NS      | $1902403.93   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd                            | ALCHIP TECHNOLOGIES LTD COMMON STOCK            | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               |  | TW        |     18000 | NS      | $1467930.73   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LONGFOR GROUP HOLDINGS LIMITED                     | LONGFOR GROUP HOLDINGS LTD COMMON STOCK         | CUSIP: N/A<br>LEI: 254900UJX27B2F1JYR13       | Long             | EC               |  | HK        |   2145000 | NS      | $2088563.04   | 0.98%             |  |  |  | Yes           |                  1 | On Loan: No      |
| VALE S.A.                                          | VALE SA-SP ADR DEPOSITARY RECEIPT               | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               |  | US        |    413943 | NS      | $6585833.13   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Mandiri (Persero) Tbk                      | BANK MANDIRI PERSERO TBK PT COMMON STOCK        | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               |  | ID        |   7054100 | NS      | $1980102.57   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARANTY TRUST HOLDING COMPANY PLC                 | GUARANTY TRUST HOLDING CO PL COMMON STOCK       | CUSIP: V4161A100<br>LEI: 0292004488G9K8Y1I649 | Long             | EC               |  | GB        |  28952553 | NS      | $2359633.07   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRAER S.A.                                       | EMBRAER SA-SPON ADR DEPOSITARY RECEIPT          | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               |  | US        |     63101 | NS      | $3744413.34   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG S.A.                                           | WEG SA COMMON STOCK                             | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               |  | BR        |    336500 | NS      | $3281260.83   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.           | GRUPO FINANCIERO BANORTE-O COMMON STOCK         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MX        |    215600 | NS      | $2371641.83   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCTON TECHNOLOGY CORPORATION                      | ACCTON TECHNOLOGY CORP COMMON STOCK             | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               |  | TW        |     28000 | NS      | $1381440.88   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                            | KB FINANCIAL GROUP INC COMMON STOCK             | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               |  | KR        |     53815 | NS      | $5283043.42   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                      | MAHINDRA & MAHINDRA LTD COMMON STOCK            | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               |  | IN        |     35830 | NS      | $1123864.12   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangzhou Tinci Materials Technology Co., Ltd      | GUANGZHOU TINCI MATERIALS -A COMMON STOCK       | CUSIP: N/A<br>LEI: 836800Y28XV3QK34CB65       | Long             | EC               |  | CN        |    151800 | NS      | $1019273.91   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ningbo Tuopu Group Co., Ltd.                       | NINGBO TUOPU GROUP CO LTD-A COMMON STOCK        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |    242700 | NS      | $2044900.57   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                              | ANGLOGOLD ASHANTI PLC COMMON STOCK              | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               |  | US        |     28348 | NS      | $2759961.28   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                      | SAMSUNG ELECTRONICS CO LTD COMMON STOCK         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               |  | KR        |     76879 | NS      | $8991874.82   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Giant Technology HuiZhou Co Ltd            | VICTORY GIANT TECHNOLOGY -A COMMON STOCK        | CUSIP: N/A<br>LEI: 836800LBU3EF5U7ECE87       | Long             | EC               |  | CN        |     33500 | NS      | $1252936.24   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Basic Industries Corporation SJSC            | SAUDI BASIC INDUSTRIES CORP COMMON STOCK        | CUSIP: N/A<br>LEI: 213800ZCTFZZZJSK8645       | Long             | EC               |  | SA        |    148173 | NS      | $2367610.23   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD BANK GROUP LIMITED                        | STANDARD BANK GROUP LTD COMMON STOCK            | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               |  | ZA        |    181209 | NS      | $3244023.12   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Muyuan Foods Co., Ltd.                             | MUYUAN FOODS CO LTD-A COMMON STOCK              | CUSIP: N/A<br>LEI: 3003006NCTDQW4KZR676       | Long             | EC               |  | CN        |    140400 | NS      | $850095.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CONG TY CO PHAN TAP DOAN MASAN                     | MASAN GROUP CORP COMMON STOCK                   | CUSIP: N/A<br>LEI: 254900M1892CMJ87XD24       | Long             | EC               |  | VN        |    894800 | NS      | $2564578.15   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COUNTRY GARDEN SERVICES HOLDINGS COMPANY LIMITED   | COUNTRY GARDEN SERVICES HOLD COMMON STOCK       | CUSIP: N/A<br>LEI: 549300P2JRKENZSEBB42       | Long             | EC               |  | HK        |   1762856 | NS      | $1339911.77   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc.                                      | MEDIATEK INC COMMON STOCK                       | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               |  | TW        |     35660 | NS      | $1710438.10   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA STEEL LIMITED                                 | TATA STEEL LTD COMMON STOCK                     | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               |  | IN        |   1952167 | NS      | $4005385.81   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Limited | TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               |  | US        |      6380 | NS      | $2156121.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EVE Energy Co., Ltd.                               | EVE ENERGY CO LTD-A COMMON STOCK                | CUSIP: N/A<br>LEI: 300300FTCIO530XV7T38       | Long             | EC               |  | CN        |    215000 | NS      | $1972317.85   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)               | PETROLEO BRASILEIRO-SPON ADR DEPOSITARY RECEIPT | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               |  | US        |    336010 | NS      | $6972207.50   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN GROUP LIMITED                                  | MTN GROUP LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               |  | ZA        |    303046 | NS      | $3497996.34   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                      | FX Forward Contract: USD/ZAR SETTLE 2026-04-01  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $-153.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEFTYANAYA KOMPANIYA ROSNEFT' PAO                  | ROSNEFT OIL CO PJSC COMMON STOCK                | CUSIP: N/A<br>LEI: 253400JT3MQWNDKMJE44       | Long             | EC               |  | RU        |    292949 | NS      | $0.36         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BANCO BTG PACTUAL S.A.                             | BANCO BTG PACTUAL SA-UNIT UNIT                  | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               |  | BR        |    318900 | NS      | $3454681.30   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding S.A.                         | Itau Unibanco Holding SA PREFERRED STOCK        | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EP               |  | BR        |    383412 | NS      | $3192438.41   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Galicia S.A.                      | GRUPO FINANCIERO GALICIA-ADR DEPOSITARY RECEIPT | CUSIP: 399909100<br>LEI: 5299008H3AXIXV5G3C23 | Long             | EC               |  | US        |     18239 | NS      | $851943.69    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Electric Co., Ltd.                         | FORTUNE ELECTRIC CO LTD COMMON STOCK            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | TW        |    205000 | NS      | $5238695.82   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Bank SA                                    | PIRAEUS BANK SA COMMON STOCK                    | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | EC               |  | GR        |    459936 | NS      | $3766926.19   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GMR AIRPORTS LIMITED                               | GMR AIRPORTS LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 3358008S2MTRWZ255P70       | Long             | EC               |  | IN        |   1562008 | NS      | $1407899.82   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Limited | TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK       | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               |  | TW        |    152904 | NS      | $8843130.19   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Limited                           | TENCENT HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |    117795 | NS      | $7430558.77   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                      | FX Forward Contract: USD/HKD SETTLE 2026-04-01  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $420.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TECHTRONIC INDUSTRIES COMPANY LIMITED              | TECHTRONIC INDUSTRIES CO LTD COMMON STOCK       | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               |  | HK        |     77000 | NS      | $1022708.59   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Robotics                                   | HORIZON ROBOTICS INC COMMON STOCK               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | HK        |   1953600 | NS      | $1692176.37   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Muyuan Foods Co., Ltd.                             | MUYUAN FOODS CO LTD-H COMMON STOCK              | CUSIP: N/A<br>LEI: 3003006NCTDQW4KZR676       | Long             | EC               |  | HK        |    314200 | NS      | $1515655.72   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINES LTD.                                 | IVANHOE MINES LTD-CL A COMMON STOCK             | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               |  | CA        |    181695 | NS      | $1548030.20   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORPORATION                                    | KIA CORP COMMON STOCK                           | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               |  | KR        |     73638 | NS      | $7270353.68   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITEC BANK HOLDINGS LIMITED                      | CAPITEC BANK HOLDINGS LTD COMMON STOCK          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | ZA        |      8335 | NS      | $2024382.11   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited                      | ALIBABA GROUP HOLDING-SP ADR DEPOSITARY RECEIPT | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               |  | US        |     15982 | NS      | $2005101.72   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Company Limited                 | ZIJIN MINING GROUP CO LTD-H COMMON STOCK        | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               |  | HK        |    472000 | NS      | $2123562.27   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | BROWN BROTHERS HARRIMAN SWEEP INTEREST          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2987159 | PA      | $2987159.30   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                        | FIRST QUANTUM MINERALS LTD COMMON STOCK         | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               |  | CA        |    188545 | NS      | $4493573.64   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited                      | ALIBABA GROUP HOLDING LTD COMMON STOCK          | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               |  | HK        |    468703 | NS      | $7347617.24   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Limited                                | GOLD FIELDS LTD-SPONS ADR DEPOSITARY RECEIPT    | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               |  | US        |     65056 | NS      | $2953542.40   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wanhua Chemical Group Co., Ltd.                    | WANHUA CHEMICAL GROUP CO -A COMMON STOCK        | CUSIP: N/A<br>LEI: 3003002H0G2KDG6CR124       | Long             | EC               |  | CN        |    125500 | NS      | $1458640.84   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBEV S.A.                                         | AMBEV SA COMMON STOCK                           | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               |  | BR        |    675900 | NS      | $1973874.70   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TULLOW OIL PLC                                     | TULLOW OIL PLC COMMON STOCK                     | CUSIP: N/A<br>LEI: 2138003EYHWO75RKS857       | Long             | EC               |  | GB        |   2060904 | NS      | $350216.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CONG TY CO PHAN CHUNG KHOAN VPS                    | VPS SECURITIES JSC COMMON STOCK                 | CUSIP: N/A<br>LEI: 87550069J41V9NV12608       | Long             | EC               |  | VN        |    845560 | NS      | $1106089.09   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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