# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001752724-23-067900
**Filing Date:** 2023-3
**Character Count:** 9653
**Document Hash:** a864f01471af719d9e8595a529a6c3bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067900.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067900

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

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**EFFECTIVENESS DATE**: 20230327

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 24F-2NT
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-192858
- **FILM NUMBER:** 23764075

**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

### PENN MUTUAL AM STRATEGIC INCOME FUND (Series ID: S000061933)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| I Shares   | PMUBX         | C000200669 |

---

### Aperture New World Opportunities Fund (Series ID: S000063768)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Institutional Shares | ANWOX         | C000206646 |
| Class X Shares       | ANWRX         | C000213647 |

---

### Aperture Endeavour Equity Fund (Series ID: S000066195)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Class X Shares       | APEEX         | C000213923 |
| Institutional Shares | ATOMX         | C000213924 |

---

### Aperture Discover Equity Fund (Series ID: S000067439)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Class X Shares       | ADSRX         | C000216812 |
| Institutional Shares | ADISX         | C000216813 |

---

### PENN MUTUAL AM 1847 INCOME FUND (Series ID: S000069101)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| I Shares   | PMEFX         | C000220871 |

---

### Aperture International Equity Fund (Series ID: S000069244)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Class X Shares       | AFOEX         | C000221184 |
| Institutional Shares | AFORX         | C000221185 |

---

### DEMOCRACY INTERNATIONAL FUND (Series ID: S000071338)

---

|  |  |  |
|:---|:---|:---|
| Class Name                          | Ticker Symbol | Class ID   |
| DEMOCRACY INTERNATIONAL FUND Shares | DMCY          | C000226322 |

---

### ARGA EMERGING MARKETS VALUE FUND (Series ID: S000071562)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Investor Shares      | ARMVX         | C000226874 |
| Institutional Shares | ARMIX         | C000226875 |

---

### ARGA INTERNATIONAL VALUE FUND (Series ID: S000071563)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Investor Shares      | ARVVX         | C000226876 |
| Institutional Shares | ARVIX         | C000226877 |

---

### STRATEGAS GLOBAL POLICY OPPORTUNITIES ETF (Series ID: S000075077)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                | Ticker Symbol | Class ID   |
| STRATEGAS GLOBAL POLICY OPPORTUNITIES ETF | SAGP          | C000233881 |

---

### STRATEGAS MACRO THEMATIC OPPORTUNITIES ETF (Series ID: S000075078)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| STRATEGAS MACRO THEMATIC OPPORTUNITIES ETF | SAMT          | C000233882 |

---

### FS Chiron Real Asset Fund (Series ID: S000075443)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | FSRLX         | C000234543 |
| Class A    | FARLX         | C000234544 |

---

### FS Multi-Strategy Alternatives Fund (Series ID: S000075444)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | FSMSX         | C000234545 |
| Class A    | FSMMX         | C000234546 |

---

### FS Managed Futures Fund (Series ID: S000075544)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | FMFFX         | C000234729 |
| Class I    | FMGFX         | C000234730 |

---

## Series and Classes Contracts Data

### PENN MUTUAL AM STRATEGIC INCOME FUND (Series ID: S000061933)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000200669 | I Shares     | PMUBX           |

### Aperture New World Opportunities Fund (Series ID: S000063768)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000206646 | Institutional Shares | ANWOX           |
| C000213647 | Class X Shares       | ANWRX           |

### Aperture Endeavour Equity Fund (Series ID: S000066195)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000213923 | Class X Shares       | APEEX           |
| C000213924 | Institutional Shares | ATOMX           |

### Aperture Discover Equity Fund (Series ID: S000067439)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000216812 | Class X Shares       | ADSRX           |
| C000216813 | Institutional Shares | ADISX           |

### PENN MUTUAL AM 1847 INCOME FUND (Series ID: S000069101)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000220871 | I Shares     | PMEFX           |

### Aperture International Equity Fund (Series ID: S000069244)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000221184 | Class X Shares       | AFOEX           |
| C000221185 | Institutional Shares | AFORX           |

### DEMOCRACY INTERNATIONAL FUND (Series ID: S000071338)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000226322 | DEMOCRACY INTERNATIONAL FUND Shares | DMCY            |

### ARGA EMERGING MARKETS VALUE FUND (Series ID: S000071562)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000226874 | Investor Shares      | ARMVX           |
| C000226875 | Institutional Shares | ARMIX           |

### ARGA INTERNATIONAL VALUE FUND (Series ID: S000071563)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000226876 | Investor Shares      | ARVVX           |
| C000226877 | Institutional Shares | ARVIX           |

### STRATEGAS GLOBAL POLICY OPPORTUNITIES ETF (Series ID: S000075077)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000233881 | STRATEGAS GLOBAL POLICY OPPORTUNITIES ETF | SAGP            |

### STRATEGAS MACRO THEMATIC OPPORTUNITIES ETF (Series ID: S000075078)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000233882 | STRATEGAS MACRO THEMATIC OPPORTUNITIES ETF | SAMT            |

### FS Chiron Real Asset Fund (Series ID: S000075443)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234543 | Class I      | FSRLX           |
| C000234544 | Class A      | FARLX           |

### FS Multi-Strategy Alternatives Fund (Series ID: S000075444)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234545 | Class I      | FSMSX           |
| C000234546 | Class A      | FSMMX           |

### FS Managed Futures Fund (Series ID: S000075544)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234729 | Class A      | FMFFX           |
| C000234730 | Class I      | FMGFX           |

## 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 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:** 12/31/2022

**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:** $1277028674.00

- **(ii) Aggregate price of securities redeemed or repurchased during the fiscal year:** $264469871.82

- **(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)]:** $264469871.82

- **(v) Net sales:** $1012558802.18

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

- **(vii) Multiplier for determining registration fee:** 0.0001102

- **(viii) Registration fee due:** $111583.98

- **6(i). Amount of securities deducted:** $0.00

- **6(ii). Number of shares or other units remaining unsold:** 0

- **7. Interest due -- if this Form is being filed more than 90 days after the end of the issuer's fiscal year:** $0.00

- **8. Total of the amount of the registration fee due plus any interest due:** $111583.98

**Signatures**

**Name and Title:** CFO

**Date:** 03/24/2023

**Signature:** Andrew Metzger