# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0001752724-23-044357
**Filing Date:** 2023-2
**Character Count:** 21381
**Document Hash:** c349901cf72ba1275bca25c6d54b4bfd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044357.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044357

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 23679337

**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

### Sarofim Equity Fund (Series ID: S000041278)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000127983 | Sarofim Equity Fund | SRFMX           |

## 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:** Sarofim Equity Fund

- **b. EDGAR series identifier (if any):** S000041278

- **c. LEI of Series:** 549300ZDAZ0N4FSF9E08

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $94870630.17

**Total Liabilities:** $93689.13

**Net Assets:** $94776941.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000127983 | -4.10%               | 7.19%                | 8.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3273467.16              | $-7529048.71                               |
| Month 2  | $1278881.78              | $5623657.33                                |
| Month 3  | $1389556.57              | $5838203.53                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VISA INC.                                                              | VISA INC-CLASS A SHARES COMMON STOCK                       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |     17075 | NS      | $3547502.00   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                                                    | EOG RESOURCES INC COMMON STOCK                             | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |      5000 | NS      | $647600.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK, INC.                                                        | BLACKROCK INC COMMON STOCK                                 | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               |  | US        |      3590 | NS      | $2543981.70   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYTHEON TECHNOLOGIES CORPORATION                                      | RAYTHEON TECHNOLOGIES CORP COMMON STOCK                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               |  | US        |      9501 | NS      | $958840.92    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico, Inc.                                                          | PEPSICO INC COMMON STOCK                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               |  | US        |     13345 | NS      | $2410907.70   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS AND CHEMICALS, INC.                                       | AIR PRODUCTS & CHEMICALS INC COMMON STOCK                  | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               |  | US        |      9714 | NS      | $2994437.64   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                                    | CHEVRON CORP COMMON STOCK                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |     17622 | NS      | $3162972.78   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADRIDGE FINANCIAL SOLUTIONS, INC.                                   | BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK                  | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               |  | US        |      3580 | NS      | $480185.40    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ESTEE LAUDER COMPANIES INC.                                        | ESTEE LAUDER COMPANIES-CL A COMMON STOCK                   | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               |  | US        |      6027 | NS      | $1495358.97   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                                    | LVMH MOET HENNESSY-UNSP ADR DEPOSITARY RECEIPT             | CUSIP: 502441306<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               |  | US        |     20465 | NS      | $2964764.55   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMIN DE FER CANADIEN PACIFIQUE LIMITEE                               | CANADIAN PACIFIC RAILWAY LTD COMMON STOCK                  | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               |  | US        |     21280 | NS      | $1587275.20   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORPORATION                                             | OTIS WORLDWIDE CORP COMMON STOCK                           | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               |  | US        |      6475 | NS      | $507057.25    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                                           | PROCTER & GAMBLE CO/THE COMMON STOCK                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |      6800 | NS      | $1030608.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                        | INTERCONTINENTAL EXCHANGE IN COMMON STOCK                  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               |  | US        |     17860 | NS      | $1832257.40   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, INC.                                                             | NIKE INC -CL B COMMON STOCK                                | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               |  | US        |     10960 | NS      | $1282429.60   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                                           | MARRIOTT INTERNATIONAL -CL A COMMON STOCK                  | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               |  | US        |      8120 | NS      | $1208986.80   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                                       | NOVO-NORDISK A/S-SPONS ADR DEPOSITARY RECEIPT              | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               |  | US        |     25770 | NS      | $3487711.80   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                   | JPMORGAN CHASE & CO COMMON STOCK                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |     10634 | NS      | $1426019.40   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SHERWIN-WILLIAMS COMPANY                                           | SHERWIN-WILLIAMS CO/THE COMMON STOCK                       | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               |  | US        |      5290 | NS      | $1255475.70   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                          | ALPHABET INC-CL C COMMON STOCK                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |     34005 | NS      | $3017263.65   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                                                  | COCA-COLA CO/THE COMMON STOCK                              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               |  | US        |     34752 | NS      | $2210574.72   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                      | JOHNSON & JOHNSON COMMON STOCK                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |      6370 | NS      | $1125260.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HESS CORPORATION                                                       | HESS CORP COMMON STOCK                                     | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               |  | US        |     27500 | NS      | $3900050.00   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                                    | COMCAST CORP-CLASS A COMMON STOCK                          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     41661 | NS      | $1456885.17   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                                      | ASML HOLDING NV-NY REG SHS DEPOSITARY RECEIPT              | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               |  | US        |      3265 | NS      | $1783996.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                                               | INTUITIVE SURGICAL INC COMMON STOCK                        | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               |  | US        |      4845 | NS      | $1285620.75   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC.                                                            | ZOETIS INC COMMON STOCK                                    | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               |  | US        |      4480 | NS      | $656544.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.,                                               | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               |  | US        |      1744 | NS      | $538721.60    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                                            | INTUIT INC COMMON STOCK                                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               |  | US        |      2920 | NS      | $1136522.40   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds, Inc: Government Obligations Fund; Class X Shares | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             |  | US        |     65899 | PA      | $65899.05     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ADOBE INC.                                                             | ADOBE INC COMMON STOCK                                     | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               |  | US        |      2810 | NS      | $945649.30    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC.                                                        | S&P GLOBAL INC COMMON STOCK                                | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               |  | US        |      6218 | NS      | $2082656.92   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORPORATION                                                 | MCDONALD'S CORP COMMON STOCK                               | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               |  | US        |      5558 | NS      | $1464699.74   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                        | UNITEDHEALTH GROUP INC COMMON STOCK                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               |  | US        |      7625 | NS      | $4042622.50   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                                    | ABBOTT LABORATORIES COMMON STOCK                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               |  | US        |     22645 | NS      | $2486194.55   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                                         | TEXAS INSTRUMENTS INC COMMON STOCK                         | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               |  | US        |     21871 | NS      | $3613526.62   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                                                       | AMAZON.COM INC COMMON STOCK                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               |  | US        |     36100 | NS      | $3032400.00   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                                        | AUTOMATIC DATA PROCESSING COMMON STOCK                     | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               |  | US        |      3880 | NS      | $926776.80    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                               | MASTERCARD INC - A COMMON STOCK                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |      5635 | NS      | $1959458.55   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                     | ALTRIA GROUP INC COMMON STOCK                              | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |      9962 | NS      | $455363.02    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORPORATION                                              | UNION PACIFIC CORP COMMON STOCK                            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               |  | US        |     11128 | NS      | $2304274.96   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle S.A.                                                            | NESTLE SA-SPONS ADR DEPOSITARY RECEIPT                     | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               |  | US        |     13678 | NS      | $1577620.52   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                                            | PROGRESSIVE CORP COMMON STOCK                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               |  | US        |      8920 | NS      | $1157013.20   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                                             | APPLE INC COMMON STOCK                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               |  | US        |     34116 | NS      | $4432691.88   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                                                 | VERISK ANALYTICS INC COMMON STOCK                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               |  | US        |      6020 | NS      | $1062048.40   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                       | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |     20174 | NS      | $2041810.54   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                                  | MICROSOFT CORP COMMON STOCK                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |     31155 | NS      | $7471592.10   | 7.88%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                | EXXON MOBIL CORP COMMON STOCK                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      5000 | NS      | $551500.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS L.P.                                      | ENTERPRISE PRODUCTS PARTNERS PARTNERSHIP SHARES            | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               |  | US        |     38300 | NS      | $923796.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

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

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO