# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-002401
**Filing Date:** 2025-11
**Character Count:** 24179
**Document Hash:** 084549d114f4d4dcdf34a2a3f8222790
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002401.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0002048251-25-002401

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251516173

**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           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **SAROFIM EQUITY FUND**<br> **SEPTEMBER 30, 2025**<br> *(Unaudited)* |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **COMMON STOCK†† — 99.8%** | | |
|  |<br>**Shares** |<br>**Value** |
| **Canada — 1.1%** |  |  |
| **Industrials — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City | 13005 | $968743 |
| **France — 2.5%** |  |  |
| **Consumer Discretionary — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton ADR | 18315 | 2240108 |
| **Netherlands — 2.6%** |  |  |
| **Information Technology — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;ASML Holding, Cl G | 2455 | 2376661 |
| **Taiwan — 3.2%** |  |  |
| **Information Technology — 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 10180 | 2843172 |
| **United Kingdom — 2.1%** |  |  |
| **Industrials — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;BAE Systems ADR | 17030 | 1902592 |
| **United States — 88.3%** |  |  |
| **Communication Services — 9.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl C | 22675 | 5522496 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 4100 | 3010958 |
|  |  | 8533454 |
| **Consumer Discretionary — 10.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 25615 | 5624286 |
| &nbsp;&nbsp;&nbsp;Home Depot | 2955 | 1197336 |
| &nbsp;&nbsp;&nbsp;Marriott International, Cl A | 4135 | 1076919 |
| &nbsp;&nbsp;&nbsp;McDonald's | 5213 | 1584179 |
|  |  | 9482720 |
| **Consumer Staples — 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Coca-Cola | 12787 | 848034 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 8340 | 1352748 |

---

**1** 

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **SAROFIM EQUITY FUND**<br> **SEPTEMBER 30, 2025**<br> *(Unaudited)* |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK†† — continued** | | |
|  |<br>**Shares** |<br>**Value** |
| **United States — (continued)** |  |  |
| **Consumer Staples — (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 5590 | $858903 |
|  |  | 3059685 |
| **Energy — 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Chevron | 7432 | 1154115 |
| &nbsp;&nbsp;&nbsp;Enterprise Products Partners | 20970 | 655732 |
| &nbsp;&nbsp;&nbsp;Exxon Mobil | 4865 | 548529 |
|  |  | 2358376 |
| **Financials — 16.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B \* | 1699 | 854155 |
| &nbsp;&nbsp;&nbsp;BlackRock Funding | 2220 | 2588231 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 3155 | 852449 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange | 5970 | 1005826 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 5040 | 2866803 |
| &nbsp;&nbsp;&nbsp;Progressive | 6090 | 1503926 |
| &nbsp;&nbsp;&nbsp;S&P Global | 4508 | 2194089 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 7480 | 2553522 |
|  |  | 14419001 |
| **Health Care — 8.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 9465 | 1267742 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 1880 | 1434440 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical \* | 6545 | 2927120 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group | 4880 | 1685064 |
|  |  | 7314366 |
| **Industrials — 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Automatic Data Processing | 3155 | 925993 |
| &nbsp;&nbsp;&nbsp;Broadridge Financial Solutions | 2755 | 656158 |
| &nbsp;&nbsp;&nbsp;Deere | 2625 | 1200307 |
| &nbsp;&nbsp;&nbsp;Eaton | 3200 | 1197600 |
| &nbsp;&nbsp;&nbsp;Old Dominion Freight Line | 5690 | 801038 |
| &nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 3095 | 778423 |
|  |  | 5559519 |
| **Information Technology — 29.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe \* | 1925 | 679044 |
| &nbsp;&nbsp;&nbsp;Apple | 20186 | 5139961 |
| &nbsp;&nbsp;&nbsp;Intuit | 4220 | 2881880 |
| &nbsp;&nbsp;&nbsp;Microsoft | 14785 | 7657891 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 40350 | 7528503 |
| &nbsp;&nbsp;&nbsp;ServiceNow \* | 1645 | 1513861 |

---

**2** 

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **SAROFIM EQUITY FUND**<br> **SEPTEMBER 30, 2025**<br> *(Unaudited)* |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK†† — continued** | | |
|  |<br>**Shares** |<br>**Value** |
| **United States — (continued)** |  |  |
| **Information Technology — (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Texas Instruments | 9011 | $1655591 |
|  |  | 27056731 |
| **Materials — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Sherwin-Williams | 2615 | 905470 |
| **Real Estate — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;CoStar Group \* | 13495 | 1138573 |
|  |  | 79827895 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $37,012,160) |  | 90159171 |
| **SHORT-TERM INVESTMENT(A) — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;First America Government Obligations Fund, Cl X, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.050% (Cost $204,667) | 204667 | 204667 |
| &nbsp;&nbsp;&nbsp;TOTAL INVESTMENTS— 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $37,216,827) |  | $90363838 |

---

*Percentages are based on Net Assets of $90,314,996.*

†† *More narrow industries are used for compliance purposes, whereas broad sectors are utilized for reporting purposes.* 

*\** *Non-income producing security.*

*(A)* *Rate shown is the 7-day effective yield as of September 30, 2025.* 

*ADR — American Depositary Receipt*

*Cl — Class*

*SAR-QH-001-2400*

**3**

### Attached PDF Documents

**Attachment 1:** `fp0096239-1_aic-sarofim.pdf`

_No text found in this document._

## 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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $90406068.06

**Total Liabilities:** $91071.98

**Net Assets:** $90314996.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000127983 | 2.12%                | 0.74%                | -0.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2362993.41              | $-548677.48                                |
| Month 2  | $5248403.91              | $-4545504.55                               |
| Month 3  | $300469.42               | $-456345.63                                |

### 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        |      7480 | NS      | $2553522.40   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HOME DEPOT, INC.                         | HOME DEPOT INC COMMON STOCK                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               |  | US        |      2955 | NS      | $1197336.45   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                          | ABBOTT LABORATORIES COMMON STOCK                           | CUSIP: N/A<br>LEI: HQD377W2YR662HK5JX27       | Long             | EC               |  | US        |      9465 | NS      | $1267742.10   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY                        | ELI LILLY & CO COMMON STOCK                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               |  | US        |      1880 | NS      | $1434440.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                         | META PLATFORMS INC COMMON STOCK                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |      4100 | NS      | $3010958.00   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                          | CHEVRON CORP COMMON STOCK                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |      7432 | NS      | $1154115.28   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADRIDGE FINANCIAL SOLUTIONS, INC.         | BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK                  | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               |  | US        |      2755 | NS      | $656158.35    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                             | AMAZON.COM INC COMMON STOCK                                | CUSIP: N/A<br>LEI: ZXTILKJKG63JELOEG630       | Long             | EC               |  | US        |     25615 | NS      | $5624285.55   | 6.23%             |  |  |  | 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        |     18315 | NS      | $2240107.65   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                      | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK                   | CUSIP: N/A<br>LEI: 5493000C01ZX7D35SD85       | Long             | EC               |  | US        |      1699 | NS      | $854155.26    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                 | PROCTER & GAMBLE CO/THE COMMON STOCK                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |      5590 | NS      | $858903.50    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                           | NVIDIA CORP COMMON STOCK                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               |  | US        |     40350 | NS      | $7528503.00   | 8.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.              | INTERCONTINENTAL EXCHANGE IN COMMON STOCK                  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               |  | US        |      5970 | NS      | $1005825.60   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                 | MARRIOTT INTERNATIONAL -CL A COMMON STOCK                  | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               |  | US        |      4135 | NS      | $1076919.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SHERWIN-WILLIAMS COMPANY                 | SHERWIN-WILLIAMS CO/THE COMMON STOCK                       | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               |  | US        |      2615 | NS      | $905469.90    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                | ALPHABET INC-CL C COMMON STOCK                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |     22675 | NS      | $5522496.25   | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| THE COCA-COLA COMPANY                        | COCA-COLA CO/THE COMMON STOCK                              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               |  | US        |     12787 | NS      | $848033.84    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & COMPANY                              | DEERE & CO COMMON STOCK                                    | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               |  | US        |      2625 | NS      | $1200307.50   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORPORATION PUBLIC LIMITED COMPANY     | EATON CORP PLC COMMON STOCK                                | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               |  | US        |      3200 | NS      | $1197600.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTAR GROUP, INC.                           | COSTAR GROUP INC COMMON STOCK                              | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               |  | US        |     13495 | NS      | $1138573.15   | 1.26%             |  |  |  | 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        |      2455 | NS      | $2376660.95   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                             | SERVICENOW INC COMMON STOCK                                | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |      1645 | NS      | $1513860.60   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                     | INTUITIVE SURGICAL INC COMMON STOCK                        | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               |  | US        |      6545 | NS      | $2927120.35   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                  | INTUIT INC COMMON STOCK                                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               |  | US        |      4220 | NS      | $2881880.20   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             |  | US        |    204667 | PA      | $204667.49    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                   | ADOBE INC COMMON STOCK                                     | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               |  | US        |      1925 | NS      | $679043.75    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC.                              | S&P GLOBAL INC COMMON STOCK                                | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               |  | US        |      4508 | NS      | $2194088.68   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORPORATION                       | MCDONALD'S CORP COMMON STOCK                               | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               |  | US        |      5213 | NS      | $1584178.57   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.              | AUTOMATIC DATA PROCESSING COMMON STOCK                     | CUSIP: N/A<br>LEI: HGBOLILQXWER4SAL2I23       | Long             | EC               |  | US        |      3155 | NS      | $925992.50    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE, INC.              | OLD DOMINION FREIGHT LINE COMMON STOCK                     | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               |  | US        |      5690 | NS      | $801038.20    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED              | UNITEDHEALTH GROUP INC COMMON STOCK                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               |  | US        |      4880 | NS      | $1685064.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED               | TEXAS INSTRUMENTS INC COMMON STOCK                         | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               |  | US        |      9011 | NS      | $1655591.03   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                              | BAE SYSTEMS PLC -SPON ADR DEPOSITARY RECEIPT               | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               |  | US        |     17030 | NS      | $1902591.60   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                               | CME GROUP INC COMMON STOCK                                 | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               |  | US        |      3155 | NS      | $852449.45    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                     | MASTERCARD INC - A COMMON STOCK                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |      5040 | NS      | $2866802.40   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadien Pacifique Kansas City Limitee       | CANADIAN PACIFIC KANSAS CITY COMMON STOCK                  | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               |  | US        |     13005 | NS      | $968742.45    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                  | PROGRESSIVE CORP COMMON STOCK                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               |  | US        |      6090 | NS      | $1503925.50   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                   | APPLE INC COMMON STOCK                                     | CUSIP: N/A<br>LEI: HWUPKR0MPOU8FGXBT394       | Long             | EC               |  | US        |     20186 | NS      | $5139961.18   | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                       | VERISK ANALYTICS INC COMMON STOCK                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               |  | US        |      3095 | NS      | $778423.45    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.             | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |      8340 | NS      | $1352748.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                        | MICROSOFT CORP COMMON STOCK                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |     14785 | NS      | $7657890.75   | 8.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK, INC.                              | BLACKROCK INC COMMON STOCK                                 | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               |  | US        |      2220 | NS      | $2588231.40   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                      | EXXON MOBIL CORP COMMON STOCK                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      4865 | NS      | $548528.75    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS L.P.            | ENTERPRISE PRODUCTS PARTNERS PARTNERSHIP SHARES            | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               |  | US        |     20970 | NS      | $655731.90    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT             | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               |  | US        |     10180 | NS      | $2843172.20   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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