# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-002398
**Filing Date:** 2025-11
**Character Count:** 16335
**Document Hash:** 72ae893baaefc1794ac9e2184508bfe2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002398.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0002048251-25-002398

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**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:** 251515799

**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

### Hamlin High Dividend Equity Fund (Series ID: S000036634)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000111998 | Institutional Class Shares | HHDFX           |
| C000111999 | Investor Class Shares      | HHDVX           |

## Nport-Ex

---

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

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF INVESTMENTS** | | |
| **COMMON STOCK — 97.4%** | | |
|  |<br>**Shares** |<br>**Value** |
| **Consumer Discretionary — 10.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Darden Restaurants | 317734 | $60483844 |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods | 248842 | 55297669 |
| &nbsp;&nbsp;&nbsp;Home Depot | 140092 | 56763878 |
|  |  | 172545391 |
| **Consumer Staples — 11.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Mondelez International, Cl A | 587078 | 36674763 |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 278707 | 45206275 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble | 339996 | 52240385 |
| &nbsp;&nbsp;&nbsp;Unilever ADR | 839497 | 49765382 |
|  |  | 183886805 |
| **Energy — 7.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ConocoPhillips | 531586 | 50282720 |
| &nbsp;&nbsp;&nbsp;Enterprise Products Partners (A) | 2113264 | 66081765 |
|  |  | 116364485 |
| **Financials — 18.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Ares Management, Cl A | 374212 | 59832757 |
| &nbsp;&nbsp;&nbsp;CME Group, Cl A | 277361 | 74940169 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley | 536766 | 85324323 |
| &nbsp;&nbsp;&nbsp;Old Republic International | 1832747 | 77836765 |
|  |  | 297934014 |
| **Health Care — 8.9%** |  |  |
| &nbsp;&nbsp;&nbsp;AbbVie | 377715 | 87456131 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 286230 | 53072767 |
|  |  | 140528898 |
| **Industrials — 15.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Cummins | 181868 | 76815587 |
| &nbsp;&nbsp;&nbsp;Paychex | 449238 | 56945409 |
| &nbsp;&nbsp;&nbsp;Snap-on | 178919 | 62000801 |
| &nbsp;&nbsp;&nbsp;Watsco | 139608 | 56443514 |
|  |  | 252205311 |
| **Information Technology — 10.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Broadcom | 310609 | 102473015 |

---

**1** 

---

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

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | **COMMON STOCK — continued** | **COMMON STOCK — continued** |
|  | **Shares** | **Value** |
| **Information Technology— continued** | | |
| &nbsp;&nbsp;&nbsp;Texas Instruments | 304446 | $55935864 |
|  |  | 158408879 |
| **Real Estate — 9.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Lamar Advertising, Cl A ‡ | 494770 | 60569743 |
| &nbsp;&nbsp;&nbsp;Ryman Hospitality Properties ‡ | 338953 | 30366799 |
| &nbsp;&nbsp;&nbsp;Simon Property Group ‡ | 336386 | 63129561 |
|  |  | 154066103 |
| **Utilities — 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Public Service Enterprise Group | 794710 | 66326497 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,007,493,691) |  | 1542266383 |
| **SHORT-TERM INVESTMENT(B) — 2.6%** | **SHORT-TERM INVESTMENT(B) — 2.6%** | **SHORT-TERM INVESTMENT(B) — 2.6%** |
| &nbsp;&nbsp;&nbsp;FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CL X, 4.050% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $41,104,857) | 41104857 | 41104857 |
| TOTAL INVESTMENTS— 100.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,048,598,548) |  | $1583371240 |

---

---

| | |
|:---|:---|
|  | *Percentages are based on Net Assets of $1,583,524,339.* |
| *‡* | *Real Estate Investment Trust* |
| *(A)* | *Securities considered Master Limited Partnership. At September 30, 2025, these securities amounted to $66,081,765 or 4.2% of net assets.*<br>|
| *(B)* | *The reporting rate is the 7-day effective yield as of September 30, 2025.* |

---

ADR — American Depositary Receipt <br> Cl — Class

HCM-QH-001-2700

**2**

## 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:** Hamlin High Dividend Equity Fund

- **b. EDGAR series identifier (if any):** S000036634

- **c. LEI of Series:** 549300W4GQXB1NIYBD11

**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:** $1584688430.75

**Total Liabilities:** $1164091.28

**Net Assets:** $1583524339.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000111998 | 0.60%                | 2.78%                | 0.42%                |
| Class ID C000111999 | 0.60%                | 2.75%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8248580.33              | $-2158690.72                               |
| Month 2  | $-5344504.62             | $46672897.13                               |
| Month 3  | $5524125.74              | $-2349650.30                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DARDEN RESTAURANTS, INC.                     | DARDEN RESTAURANTS INC COMMON STOCK                        | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               |  | US        |    317734 | NS      | $60483844.24  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                | BROADCOM INC COMMON STOCK                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               |  | US        |    310609 | NS      | $102473015.20 | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                  | ABBVIE INC COMMON STOCK                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               |  | US        |    377715 | NS      | $87456131.10  | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RYMAN HOSPITALITY PROPERTIES, INC.           | RYMAN HOSPITALITY PROPERTIES REIT                          | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |    338953 | NS      | $30366799.27  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP, INC.                   | SIMON PROPERTY GROUP INC REIT                              | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    336386 | NS      | $63129560.62  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                         | SNAP-ON INC COMMON STOCK                                   | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               |  | US        |    178919 | NS      | $62000801.07  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                 | CUMMINS INC COMMON STOCK                                   | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               |  | US        |    181868 | NS      | $76815587.16  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                            | JOHNSON & JOHNSON COMMON STOCK                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |    286230 | NS      | $53072766.60  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO, INC.                                 | WATSCO INC COMMON STOCK                                    | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               |  | US        |    139608 | NS      | $56443514.40  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                 | PROCTER & GAMBLE CO/THE COMMON STOCK                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |    339996 | NS      | $52240385.40  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING COMPANY                    | LAMAR ADVERTISING CO-A REIT                                | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |    494770 | NS      | $60569743.40  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                 | MONDELEZ INTERNATIONAL INC-A COMMON STOCK                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               |  | US        |    587078 | NS      | $36674762.66  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                               | CME GROUP INC COMMON STOCK                                 | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               |  | US        |    277361 | NS      | $74940168.59  | 4.73%             |  |  |  | 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        |  41104857 | PA      | $41104856.99  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HOME DEPOT, INC.                         | HOME DEPOT INC COMMON STOCK                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               |  | US        |    140092 | NS      | $56763877.48  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                                 | UNILEVER PLC-SPONSORED ADR DEPOSITARY RECEIPT              | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               |  | US        |    839497 | NS      | $49765382.16  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.             | PHILIP MORRIS INTERNATIONAL COMMON STOCK                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |    278707 | NS      | $45206275.40  | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORPORATION                  | ARES MANAGEMENT CORP - A COMMON STOCK                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               |  | US        |    374212 | NS      | $59832756.68  | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED               | TEXAS INSTRUMENTS INC COMMON STOCK                         | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               |  | US        |    304446 | NS      | $55935863.58  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTERNATIONAL CORPORATION       | OLD REPUBLIC INTL CORP COMMON STOCK                        | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               |  | US        |   1832747 | NS      | $77836765.09  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS L.P.            | ENTERPRISE PRODUCTS PARTNERS PARTNERSHIP SHARES            | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               |  | US        |   2113264 | NS      | $66081765.28  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX, INC.                                | PAYCHEX INC COMMON STOCK                                   | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               |  | US        |    449238 | NS      | $56945408.88  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DICK'S SPORTING GOODS, INC.                  | DICK'S SPORTING GOODS INC COMMON STOCK                     | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               |  | US        |    248842 | NS      | $55297669.24  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | PUBLIC SERVICE ENTERPRISE GP COMMON STOCK                  | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               |  | US        |    794710 | NS      | $66326496.60  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                               | CONOCOPHILLIPS COMMON STOCK                                | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               |  | US        |    531586 | NS      | $50282719.74  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                               | MORGAN STANLEY COMMON STOCK                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               |  | US        |    536766 | NS      | $85324323.36  | 5.39%             |  |  |  | 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