# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-25-003562
**Filing Date:** 2025-12
**Character Count:** 11827
**Document Hash:** 35f8ed236fa809eca23a94cef5c5ebbf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-003562.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0002048251-25-003562

**CONFORMED SUBMISSION TYPE**: 24F-2NT

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**EFFECTIVENESS DATE**: 20251229

**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:** 24F-2NT
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-192858
- **FILM NUMBER:** 251604352

**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 Name                 | Ticker Symbol | Class ID   |
| Class N Shares             | RWCNX         | C000174120 |
| Class I Shares             | RWCIX         | C000174121 |
| Institutional Class Shares | RWCEX         | C000174122 |

---

### Mesirow Enhanced Core Plus Fund (Series ID: S000063585)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Investor Shares      | MFBVX         | C000206013 |
| Institutional Shares | MFBIX         | C000206014 |

---

### MetLife Opportunistic High Yield Fund (Series ID: S000063586)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Investor Shares      | MFHVX         | C000206015 |
| Institutional Shares | MFHIX         | C000206016 |

---

### MetLife Small Company Equity Fund (Series ID: S000063587)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Institutional Shares | MSVIX         | C000206017 |
| Investor Shares      | MSVVX         | C000206018 |

---

### NICHOLAS PARTNERS SMALL CAP GROWTH FUND (Series ID: S000064409)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Retail Shares        | NPSYX         | C000208375 |
| Institutional Shares | NPSGX         | C000208376 |

---

### Democratic Large Cap Core ETF (Series ID: S000069948)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| Democratic Large Cap Core ETF | DEMZ          | C000222781 |

---

### SouthernSun Small Cap Fund (Series ID: S000070198)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| Class N Shares | SSSFX         | C000223246 |
| Class I Shares | SSSIX         | C000223247 |

---

### SouthernSun U.S. Equity Fund (Series ID: S000070199)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| Class N Shares | SSEFX         | C000223248 |
| Class I Shares | SSEIX         | C000223249 |

---

### First Foundation Fixed Income Fund (Series ID: S000070256)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class Y    | FFBYX         | C000223439 |
| Class A    | FFBAX         | C000223440 |

---

### First Foundation Total Return Fund (Series ID: S000070257)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | FBBAX         | C000223441 |
| Class Y    | FBBYX         | C000223442 |

---

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

---

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

---

### Rayliant Wilshire NxtGen Emerging Markets Equity ETF (Series ID: S000074753)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                           | Ticker Symbol | Class ID   |
| Rayliant Wilshire NxtGen Emerging Markets Equity ETF | RWEM          | C000232916 |

---

### Rayliant Wilshire NxtGen US Large Cap Equity ETF (Series ID: S000074754)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                       | Ticker Symbol | Class ID   |
| Rayliant Wilshire NxtGen US Large Cap Equity ETF | RWLC          | C000232917 |

---

### Rayliant SMDAM Japan Equity ETF (Series ID: S000084471)

---

|  |  |  |
|:---|:---|:---|
| Class Name                      | Ticker Symbol | Class ID   |
| Rayliant SMDAM Japan Equity ETF | RAYJ          | C000248857 |

---

### Redwheel Next Generation Power Infrastructure Fund (Series ID: S000087882)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| A Class             | ECOAX         | C000253897 |
| Institutional Class | ECOIX         | C000253898 |

---

### Brown Advisory Flexible Equity ETF (Series ID: S000088454)

---

|  |  |  |
|:---|:---|:---|
| Class Name                         | Ticker Symbol | Class ID   |
| Brown Advisory Flexible Equity ETF | BAFE          | C000254727 |

---

### BROWN ADVISORY SUSTAINABLE GROWTH ETF (Series ID: S000092068)

---

|  |  |  |
|:---|:---|:---|
| Class Name                            | Ticker Symbol | Class ID   |
| BROWN ADVISORY SUSTAINABLE GROWTH ETF | BASG          | C000259983 |

---

### BROWN ADVISORY SUSTAINABLE VALUE ETF (Series ID: S000092069)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| BROWN ADVISORY SUSTAINABLE VALUE ETF | BASV          | C000259984 |

---

## Series and Classes Contracts Data

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

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000174120 | Class N Shares             | RWCNX           |
| C000174121 | Class I Shares             | RWCIX           |
| C000174122 | Institutional Class Shares | RWCEX           |

### Mesirow Enhanced Core Plus Fund (Series ID: S000063585)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000206013 | Investor Shares      | MFBVX           |
| C000206014 | Institutional Shares | MFBIX           |

### MetLife Opportunistic High Yield Fund (Series ID: S000063586)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000206015 | Investor Shares      | MFHVX           |
| C000206016 | Institutional Shares | MFHIX           |

### MetLife Small Company Equity Fund (Series ID: S000063587)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000206017 | Institutional Shares | MSVIX           |
| C000206018 | Investor Shares      | MSVVX           |

### NICHOLAS PARTNERS SMALL CAP GROWTH FUND (Series ID: S000064409)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000208375 | Retail Shares        | NPSYX           |
| C000208376 | Institutional Shares | NPSGX           |

### Democratic Large Cap Core ETF (Series ID: S000069948)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000222781 | Democratic Large Cap Core ETF | DEMZ            |

### SouthernSun Small Cap Fund (Series ID: S000070198)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000223246 | Class N Shares | SSSFX           |
| C000223247 | Class I Shares | SSSIX           |

### SouthernSun U.S. Equity Fund (Series ID: S000070199)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000223248 | Class N Shares | SSEFX           |
| C000223249 | Class I Shares | SSEIX           |

### First Foundation Fixed Income Fund (Series ID: S000070256)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000223439 | Class Y      | FFBYX           |
| C000223440 | Class A      | FFBAX           |

### First Foundation Total Return Fund (Series ID: S000070257)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000223441 | Class A      | FBBAX           |
| C000223442 | Class Y      | FBBYX           |

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

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

### Rayliant Wilshire NxtGen Emerging Markets Equity ETF (Series ID: S000074753)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000232916 | Rayliant Wilshire NxtGen Emerging Markets Equity ETF | RWEM            |

### Rayliant Wilshire NxtGen US Large Cap Equity ETF (Series ID: S000074754)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000232917 | Rayliant Wilshire NxtGen US Large Cap Equity ETF | RWLC            |

### Rayliant SMDAM Japan Equity ETF (Series ID: S000084471)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000248857 | Rayliant SMDAM Japan Equity ETF | RAYJ            |

### Redwheel Next Generation Power Infrastructure Fund (Series ID: S000087882)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000253897 | A Class             | ECOAX           |
| C000253898 | Institutional Class | ECOIX           |

### Brown Advisory Flexible Equity ETF (Series ID: S000088454)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000254727 | Brown Advisory Flexible Equity ETF | BAFE            |

### BROWN ADVISORY SUSTAINABLE GROWTH ETF (Series ID: S000092068)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000259983 | BROWN ADVISORY SUSTAINABLE GROWTH ETF | BASG            |

### BROWN ADVISORY SUSTAINABLE VALUE ETF (Series ID: S000092069)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000259984 | BROWN ADVISORY SUSTAINABLE VALUE ETF | BASV            |

## FORM 24F-2NT: Annual Notice of Securities Sold Pursuant to Rule 24f-2

### 24F-2NT: Filer Information

**Filer CIK:** 0001593547

**Is this a LIVE or TEST Filing?:** LIVE

**Filer Investment Company Type:** N-1A

### 24F-2NT: Annual Filing Information

**1. Name and address of issuer:**

- **Name of Issuer:** Advisors' Inner Circle Fund III

- **Address:** One Freedom Valley Drive, Oaks, PA 19456

**2. The Name and EDGAR Identifier of each series or class of securities for which this Form is filed:**

- [ ] Check box if the Form is being filed for all series and classes of the issuer.

**3. Investment Company Act File Number:** 811-22920

   **Securities Act File Number:** 333-192858

**4(a). Last day of fiscal year for which this Form is filed:** 09/30/2025

**4(b). Check box if this Form is being filed late:** [ ]

**4(c). Check box if this is the last time the issuer will be filing this Form:** [ ]

**5. Calculation of registration fee:**

- **(i) Aggregate sale price of securities sold during the fiscal year:** $2628499945.00

- **(ii) Aggregate price of securities redeemed or repurchased during the fiscal year:** $578815658.25

- **(iii) Aggregate price of securities redeemed or repurchased during any prior fiscal year:** $0.00

- **(iv) Total available redemption credits [add Items 5(ii) and 5(iii)]:** $578815658.25

- **(v) Net sales:** $2049684286.75

- **(vi) Redemption credits available for use in future years:** $0.00

- **(vii) Multiplier for determining registration fee:** 0.0001381

- **(viii) Registration fee due:** $283061.40

**Signatures**

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

**Date:** 12/29/2025

**Signature:** Andrew Metzger