# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001398344-25-016585
**Filing Date:** 2025-8
**Character Count:** 6417
**Document Hash:** d80f8abdae133e296a48da31a8fea601
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-016585.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001398344-25-016585

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 18

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250825

**EFFECTIVENESS DATE**: 20250826

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-192858
- **FILM NUMBER:** 251252446

**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

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

---

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

---

## Series and Classes Contracts Data

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

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

?xml version='1.0' encoding='ASCII'?

**The Advisors' Inner Circle Fund III**

**FS Multi-Strategy Alternatives Fund**

**(the "Fund")**

**Supplement Dated August 25, 2025 to**

**the Fund's Prospectus dated May 1, 2025, as supplemented**

**This supplement provides new and additional information beyond that contained in the Prospectus, and should be read in conjunction with the Prospectus.**

 

Effective immediately, the Prospectus is hereby amended and supplemented as follows:

 

1. All references to "FS Chiron Fund family" are deleted and replaced
 with "FS Fund family."

2. All references to "FS Investments" are deleted and replaced
 with "Future Standard."

3. All references to "www.fsinvestments.com" are deleted and replaced
 with "www.futurestandard.com."

4. The following is added at the end of Appendix A:

Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC (collectively, "Wells Fargo Advisors")

Wells Fargo Clearing Services, LLC operates a First Clearing business, but these rules are not intended to include First Clearing firms.

Effective April 1, 2026, Clients of Wells Fargo Advisors purchasing Fund shares through Wells Fargo Advisors are eligible for the following sales charge discounts (also referred to as "breakpoints") and waivers, which can differ from discounts and waivers described elsewhere in the prospectus or SAI. In all instances, it is the investor's responsibility to inform Wells Fargo Advisors at the time of purchase of any relationship, holdings, or other facts qualifying the investor for discounts or waivers. Wells Fargo Advisors can ask for documentation supporting the qualification.

Wells Fargo Advisors Class A Shares front-end sales charge waivers information.

Wells Fargo Advisors clients purchasing or converting to Class A Shares of the Fund in a Wells Fargo Advisors brokerage account are entitled to a waiver of the front-end load in the following circumstances:

· Wells Fargo Advisors employee and employee-related accounts
according to Wells Fargo Advisor's employee account linking rules. Legacy accounts and positions receiving affiliate discounts
prior to the effective date will continue to receive discounts. Going forward employees of affiliate businesses will not be offered NAV.

· Shares purchased through reinvestment of dividends and capital
gains distributions when purchasing shares of the same Fund.

WellsTrade, the firm's online self-directed brokerage account, generally offers no-load share classes but there could be instances where a Class A Share is offered without a front-end sales charge.

Unless specifically described above, other front-end load waivers are not available on mutual fund purchases through Wells Fargo Advisors.

Wells Fargo Advisors CDSC information.

&nbsp;&nbsp;&nbsp;&nbsp;· CDSCs imposed on Fund
 redemptions will not be rebated based on future purchases.

Wells Fargo Advisors Class A Shares front-end load discounts

Wells Fargo Advisors Clients purchasing Class A Shares of the Fund through Wells Fargo Advisors brokerage accounts will follow the following aggregation rules for breakpoint discounts:

&nbsp;&nbsp;&nbsp;&nbsp;· Effective April 1,
 2026, SEP or SIMPLE IRAs will not be aggregated as a group plan. They will aggregate with
 the client's personal accounts based on Social Security Number. Previously established
 SEP and SIMPLE IRAs may still be aggregated as a group plan.

&nbsp;&nbsp;&nbsp;&nbsp;· Effective April 1,
 2026, Employer-sponsored retirement plan (e.g., 401(k) plans, 457 plans, employer-sponsored
 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans)
 accounts will aggregate with other plan accounts under the same Tax ID and will not be aggregated
 with other retirement plan accounts under a different Tax ID or personal accounts. For purposes
 of this provision, employer-sponsored retirement plans do not include SEP IRAs, SIMPLE IRAs,
 SAR-SEPs or Keogh plans.

&nbsp;&nbsp;&nbsp;&nbsp;· Gift of shares will
 not be considered when determining breakpoint discounts

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.**

CHI-SK-053-0100

**The Advisors' Inner Circle Fund III**

**FS Multi-Strategy Alternatives Fund**

**(the "Fund")**

**Supplement Dated August 25, 2025 to**

**the Fund's Statement of Additional Information ("SAI"), dated May 1, 2025, as supplemented**

**This supplement provides new and additional information beyond that contained in the SAI, and should be read in conjunction with the SAI.**

 

Effective immediately, the SAI is hereby amended and supplemented as follows:

 

1. All references to "Chiron Capital Allocation Fund Ltd." and
 "FS Real Asset Fund (Cayman)" are deleted.

2. All references to "FS Investments" are deleted and replaced
 with "Future Standard."

3. All references to "www.fsinvestments.com" are deleted and replaced
 with "www.futurestandard.com."

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.**

CHI-SK-054-0100