# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001752724-25-158249
**Filing Date:** 2025-6
**Character Count:** 25609
**Document Hash:** 6461dd63ce4829f33ff6739b16fecabd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-158249.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-158249

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**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:** 251077426

**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

### Knights of Columbus Large Cap Value Fund (Series ID: S000048265)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000152512 | I Shares       | KCVIX           |
| C000158710 | Class S Shares | KCVSX           |

## 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:** Knights of Columbus Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000048265

- **c. LEI of Series:** 54930081PCL0V24RMD32

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $250557422.85

**Total Liabilities:** $170070.23

**Net Assets:** $250387352.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158710 | -2.40%               | -3.04%               | 0.40%                |
| Class ID C000152512 | -2.40%               | -3.02%               | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32812.00                | $-6308638.29                               |
| Month 2  | $8195276.50              | $-16255099.71                              |
| Month 3  | $580669.59               | $-232136.57                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOSTON SCIENTIFIC CORPORATION               | BOSTON SCIENTIFIC CORP COMMON STOCK           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               |  | US        |     32149 | NS      | $3307167.63   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PUBLIC LIMITED COMPANY               | STERIS PLC COMMON STOCK                       | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               |  | US        |     12227 | NS      | $2747895.98   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                   | NATIONAL FUEL GAS CO COMMON STOCK             | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |     49243 | NS      | $3780877.54   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                               | POPULAR INC COMMON STOCK                      | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               |  | US        |     17738 | NS      | $1692559.96   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                         | CHEVRON CORP COMMON STOCK                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |     34579 | NS      | $4704818.74   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO.                        | EMERSON ELECTRIC CO COMMON STOCK              | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               |  | US        |     22357 | NS      | $2349944.27   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED               | AXIS CAPITAL HOLDINGS LTD COMMON STOCK        | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               |  | US        |     34286 | NS      | $3302427.52   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORPORATION                           | INTEL CORP COMMON STOCK                       | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               |  | US        |     90383 | NS      | $1816698.30   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                | PROCTER & GAMBLE CO/THE COMMON STOCK          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |     31306 | NS      | $5089416.42   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                | LINDE PLC COMMON STOCK                        | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               |  | US        |      6286 | NS      | $2849003.78   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WALT DISNEY COMPANY                     | WALT DISNEY CO/THE COMMON STOCK               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               |  | US        |     41914 | NS      | $3812078.30   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                        | JPMORGAN CHASE & CO COMMON STOCK              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |     43173 | NS      | $10560979.26  | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORPORATION                          | LENNAR CORP-A COMMON STOCK                    | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               |  | US        |     21286 | NS      | $2311872.46   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                        | STEEL DYNAMICS INC COMMON STOCK               | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               |  | US        |      5917 | NS      | $767494.07    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                         | COMCAST CORP-CLASS A COMMON STOCK             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     80416 | NS      | $2750227.20   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORPORATION                | MONSTER BEVERAGE CORP COMMON STOCK            | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               |  | US        |     61639 | NS      | $3705736.68   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP, INC.          | AMERICAN INTERNATIONAL GROUP COMMON STOCK     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               |  | US        |     52127 | NS      | $4249393.04   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                           | FIRSTENERGY CORP COMMON STOCK                 | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               |  | US        |     98870 | NS      | $4239545.60   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                | CUMMINS INC COMMON STOCK                      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               |  | US        |     12171 | NS      | $3576326.64   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                            | NRG ENERGY INC COMMON STOCK                   | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               |  | US        |     31124 | NS      | $3410567.92   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | INTL BUSINESS MACHINES CORP COMMON STOCK      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |     18718 | NS      | $4526386.76   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                   | AT&T INC COMMON STOCK                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |    305936 | NS      | $8474427.20   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                     | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               |  | US        |     13620 | NS      | $7262865.00   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                        | META PLATFORMS INC COMMON STOCK               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |      1528 | NS      | $838872.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                         | CISCO SYSTEMS INC COMMON STOCK                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |    114230 | NS      | $6594497.90   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                   | COLGATE-PALMOLIVE CO COMMON STOCK             | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               |  | US        |     40161 | NS      | $3702442.59   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS, INC.                        | UNITED RENTALS INC COMMON STOCK               | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               |  | US        |      1042 | NS      | $657970.90    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC.                              | WELLTOWER INC REIT                            | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |     14193 | NS      | $2165709.87   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES, INC.                | CASEY'S GENERAL STORES INC COMMON STOCK       | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               |  | US        |      6431 | NS      | $2974916.29   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                              | CONOCOPHILLIPS COMMON STOCK                   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               |  | US        |     37786 | NS      | $3367488.32   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORPORATION                         | STRYKER CORP COMMON STOCK                     | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               |  | US        |      9012 | NS      | $3369767.04   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                        | BAKER HUGHES CO COMMON STOCK                  | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               |  | US        |     83601 | NS      | $2959475.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                              | CITIGROUP INC COMMON STOCK                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |     75684 | NS      | $5175271.92   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                       | AECOM COMMON STOCK                            | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               |  | US        |     37464 | NS      | $3695823.60   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST, INC.                  | ESSEX PROPERTY TRUST INC REIT                 | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |      9211 | NS      | $2571250.65   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INCORPORATED              | QUEST DIAGNOSTICS INC COMMON STOCK            | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               |  | US        |     21543 | NS      | $3839393.46   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                   | VISA INC-CLASS A SHARES COMMON STOCK          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |      3655 | NS      | $1262802.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT, INC.                      | WASTE MANAGEMENT INC COMMON STOCK             | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               |  | US        |     15766 | NS      | $3679153.76   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.          | HARTFORD INSURANCE GROUP INC/THE COMMON STOCK | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               |  | US        |     31137 | NS      | $3819575.79   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                 | BANK OF AMERICA CORP COMMON STOCK             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               |  | US        |    107499 | NS      | $4287060.12   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                  | 3M CO COMMON STOCK                            | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               |  | US        |     27573 | NS      | $3830165.43   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION                  | AMERICAN TOWER CORP REIT                      | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     11898 | NS      | $2681928.18   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc.                                 | FORTIS INC COMMON STOCK                       | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               |  | US        |     71100 | NS      | $3520161.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TJX COMPANIES, INC.                     | TJX COMPANIES INC COMMON STOCK                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               |  | US        |     24500 | NS      | $3152660.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                       | GILEAD SCIENCES INC COMMON STOCK              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |     27875 | NS      | $2969802.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                         | ENTERGY CORP COMMON STOCK                     | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               |  | US        |     59548 | NS      | $4952607.16   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.               | GOLDMAN SACHS GROUP INC COMMON STOCK          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               |  | US        |      8133 | NS      | $4453224.15   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                    | ALLSTATE CORP COMMON STOCK                    | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               |  | US        |     20165 | NS      | $4000534.35   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                       | WELLS FARGO & CO COMMON STOCK                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               |  | US        |     56857 | NS      | $4037415.57   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                | WALMART INC COMMON STOCK                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               |  | US        |     30763 | NS      | $2991701.75   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORPORATION                   | REALTY INCOME CORP REIT                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     32149 | NS      | $1860141.14   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                    | AMERICAN EXPRESS CO COMMON STOCK              | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               |  | US        |      7462 | NS      | $1987951.42   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORPORATION                  | DOLLAR GENERAL CORP COMMON STOCK              | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               |  | US        |     38741 | NS      | $3629644.29   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | BROWN BROTHERS HARRIMAN SWEEP INTEREST        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  14069411 | PA      | $14069410.52  | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                   | VALERO ENERGY CORP COMMON STOCK               | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               |  | US        |     24044 | NS      | $2791267.96   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                    | MOTOROLA SOLUTIONS INC COMMON STOCK           | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               |  | US        |      4259 | NS      | $1875621.01   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                  | AMERIPRISE FINANCIAL INC COMMON STOCK         | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               |  | US        |      4885 | NS      | $2300932.70   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                     | MICRON TECHNOLOGY INC COMMON STOCK            | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               |  | US        |     15116 | NS      | $1163176.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS, INC.            | OMEGA HEALTHCARE INVESTORS REIT               | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |     78467 | NS      | $3064136.35   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL, INC.                  | PRUDENTIAL FINANCIAL INC COMMON STOCK         | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               |  | US        |     34485 | NS      | $3541954.35   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                       | COCA-COLA CO/THE COMMON STOCK                 | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               |  | US        |     34937 | NS      | $2534679.35   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY          | HEWLETT PACKARD ENTERPRISE COMMON STOCK       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               |  | US        |     63172 | NS      | $1024649.84   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                 | VERIZON COMMUNICATIONS INC COMMON STOCK       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |    102157 | NS      | $4501037.42   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                             | CSX CORP COMMON STOCK                         | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               |  | US        |     84964 | NS      | $2384939.48   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                     | EXXON MOBIL CORP COMMON STOCK                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |     89073 | NS      | $9408780.99   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                      | GENERAL MOTORS CO COMMON STOCK                | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               |  | US        |     82318 | NS      | $3724066.32   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                               | CENCORA INC COMMON STOCK                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               |  | US        |     14878 | NS      | $4354344.26   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                       | CHENIERE ENERGY INC COMMON STOCK              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               |  | US        |     13695 | NS      | $3165051.45   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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