# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-005304
**Filing Date:** 2026-6
**Character Count:** 38371
**Document Hash:** a49e8f97b06062430be2fe06304eb4bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-005304.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002048251-26-005304

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**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:** 261121215

**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 International Equity Fund (Series ID: S000048267)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000152514 | I Shares       | KCIIX           |
| C000158714 | Class S Shares | KCISX           |

## 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 International Equity Fund

- **b. EDGAR series identifier (if any):** S000048267

- **c. LEI of Series:** 549300QELLW5HKCLIY73

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $282126752.77

**Total Liabilities:** $600259.16

**Net Assets:** $281526493.61

**Cash Not Reported:** $618661.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158714 | 8.91%                | -9.47%               | 5.95%                |
| Class ID C000152514 | 8.88%                | -9.49%               | 5.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $861601.57               | $19153704.76                               |
| Month 2  | $2519097.20              | $-29773625.37                              |
| Month 3  | $2340742.05              | $13604098.45                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MAPFRE, S.A.                                                                                | MAPFRE SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               |  | ES        |    457700 | NS      | $2240599.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambricon Technologies Corp Ltd                                                             | CAMBRICON TECHNOLOGIES-A COMMON STOCK           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |      5670 | NS      | $1426091.87   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC Financial Holding Co., Ltd.                                                            | CTBC FINANCIAL HOLDING CO LT COMMON STOCK       | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               |  | TW        |   2346900 | NS      | $3881827.26   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                                                                 | TOKIO MARINE HOLDINGS INC COMMON STOCK          | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               |  | JP        |     67300 | NS      | $3082122.67   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORPORATION                                                                             | KIA CORP COMMON STOCK                           | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               |  | KR        |     25970 | NS      | $2678591.90   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES SE                                                                            | TOTALENERGIES SE COMMON STOCK                   | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               |  | FR        |     24500 | NS      | $2277859.87   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NITTO DENKO CORPORATION                                                                     | NITTO DENKO CORP COMMON STOCK                   | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               |  | JP        |     98000 | NS      | $1863986.61   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA CONSULTANCY SERVICES LIMITED                                                           | TATA CONSULTANCY SVCS LTD COMMON STOCK          | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               |  | IN        |     54500 | NS      | $1430205.96   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SANY HEAVY INDUSTRY CO., LTD                                                                | SANY HEAVY INDUSTRY CO LTD-A COMMON STOCK       | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               |  | CN        |    585000 | NS      | $1747506.16   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NAURA Technology Group Co., Ltd.                                                            | NAURA TECHNOLOGY GROUP CO-A COMMON STOCK        | CUSIP: N/A<br>LEI: 300300JI5I0B95GO5C39       | Long             | EC               |  | CN        |     13675 | NS      | $1081862.37   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED                                                | ADVANCED INFO SERVICE-FOREIG COMMON STOCK       | CUSIP: Y0014U183<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               |  | TH        |    120000 | NS      | $1253331.19   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co., Ltd.                                                               | SAMSUNG ELECTRONICS CO LTD COMMON STOCK         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               |  | KR        |     54020 | NS      | $8134746.96   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Limited                                                                    | TENCENT HOLDINGS LTD COMMON STOCK               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |     50800 | NS      | $3085199.10   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO CORPORATION                                                                        | SUMITOMO CORP COMMON STOCK                      | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               |  | JP        |     83000 | NS      | $3086123.12   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                                       | SCHNEIDER ELECTRIC SE COMMON STOCK              | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               |  | FR        |      9600 | NS      | $3054814.62   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited                                                               | ALIBABA GROUP HOLDING-SP ADR DEPOSITARY RECEIPT | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               |  | US        |     23700 | NS      | $3125556.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                                                                                     | IMI PLC COMMON STOCK                            | CUSIP: N/A<br>LEI: 2138002W9Q21PF751R30       | Long             | EC               |  | GB        |     73000 | NS      | $2780426.46   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONICS, INC.                                                                     | DELTA ELECTRONICS INC COMMON STOCK              | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               |  | TW        |     38500 | NS      | $2699830.47   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| argenx SE                                                                                   | ARGENX SE COMMON STOCK                          | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               |  | BE        |      2680 | NS      | $2101737.64   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH LAND COMPANY PUBLIC LIMITED COMPANY(THE)                                            | BRITISH LAND CO PLC REIT                        | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               |  | GB        |    283000 | NS      | $1497483.16   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                                                            | ARCELORMITTAL COMMON STOCK                      | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               |  | NL        |     52750 | NS      | $3062423.96   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                                                      | SAP SE COMMON STOCK                             | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               |  | DE        |     17864 | NS      | $2999253.74   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA SPORTS PRODUCTS LIMITED                                                                | ANTA SPORTS PRODUCTS LTD COMMON STOCK           | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               |  | HK        |    130000 | NS      | $1361883.14   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARTI AIRTEL LIMITED                                                                       | BHARTI AIRTEL LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               |  | IN        |    109600 | NS      | $2190895.97   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings, S.A.                                                                         | COPA HOLDINGS SA-CLASS A COMMON STOCK           | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               |  | US        |     15300 | NS      | $1769904.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EICHER MOTORS LIMITED                                                                       | EICHER MOTORS LTD COMMON STOCK                  | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               |  | IN        |     27400 | NS      | $2061709.76   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORPORATION                                                                            | HOYA CORP COMMON STOCK                          | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               |  | JP        |     23160 | NS      | $4324986.44   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COPPER CORPORATION                                                                 | SOUTHERN COPPER CORP COMMON STOCK               | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               |  | US        |     11516 | NS      | $1977113.36   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena, S.M.E., S.A.                                                                          | AENA SME SA COMMON STOCK                        | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |     77500 | NS      | $2116735.17   | 0.75%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Amadeus IT Group, S.A.                                                                      | AMADEUS IT GROUP SA COMMON STOCK                | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               |  | ES        |     44840 | NS      | $2587381.31   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co., Ltd.                                                                       | MIDEA GROUP CO LTD-A COMMON STOCK               | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               |  | CN        |    203000 | NS      | $2414029.81   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                                                           | ASML HOLDING NV COMMON STOCK                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               |  | NL        |      4710 | NS      | $6808545.13   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VAR ENERGI ASA                                                                              | VAR ENERGI ASA COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               |  | NO        |    295000 | NS      | $1499024.95   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                                                | UBS GROUP AG-REG COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               |  | CH        |    105109 | NS      | $4651262.58   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PERSISTENT SYSTEMS LIMITED                                                                  | PERSISTENT SYSTEMS LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 3358006QYD77Z66S1J89       | Long             | EC               |  | IN        |     36700 | NS      | $1875126.93   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group N.V.                                                                               | NN GROUP NV COMMON STOCK                        | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               |  | NL        |     31500 | NS      | $2757324.46   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNICO EAGLE MINES LIMITED                                                                  | AGNICO EAGLE MINES LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 254900BFJ2DOHPMEXN45       | Long             | EC               |  | CA        |     16100 | NS      | $3027513.53   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                                                                     | KB FINANCIAL GROUP INC COMMON STOCK             | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               |  | KR        |     31581 | NS      | $3458283.52   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC.                                                                              | DOLLARAMA INC COMMON STOCK                      | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               |  | CA        |     21120 | NS      | $2699180.62   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tower Corporation Limited                                                             | CHINA TOWER CORP LTD-H COMMON STOCK             | CUSIP: Y15076121<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               |  | HK        |   1660000 | NS      | $2352410.85   | 0.84%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SHELL PLC                                                                                   | SHELL PLC COMMON STOCK                          | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               |  | GB        |    109200 | NS      | $4964967.48   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co., Ltd.                                                              | MURATA MANUFACTURING CO LTD COMMON STOCK        | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               |  | JP        |    123300 | NS      | $4089152.38   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Poland ETF                                                                     | ISHARES MSCI POLAND ETF MUTUAL FUND             | CUSIP: 46429B606<br>LEI: N/A                  | Long             | EC               | RF                | US        |     47000 | NS      | $1803860.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                                                              | ING GROEP NV COMMON STOCK                       | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               |  | NL        |    118000 | NS      | $3415095.52   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Limited                                          | TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK       | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               |  | TW        |    235960 | NS      | $16380784.15  | 5.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF CHINA LIMITED                                                                       | BANK OF CHINA LTD-H COMMON STOCK                | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               |  | HK        |   4523000 | NS      | $2937054.59   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                                                                                 | SWISS RE AG COMMON STOCK                        | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               |  | CH        |     15500 | NS      | $2496875.66   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Andritz AG                                                                                  | ANDRITZ AG COMMON STOCK                         | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               |  | AT        |     23000 | NS      | $1954332.19   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                                                                | BARCLAYS PLC COMMON STOCK                       | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               |  | GB        |    620000 | NS      | $3644303.96   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Barry Callebaut AG                                                                          | BARRY CALLEBAUT AG-REG COMMON STOCK             | CUSIP: N/A<br>LEI: 213800Y5RWKLDPUTT265       | Long             | EC               |  | CH        |      1000 | NS      | $1498859.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGIE SA                                                                                    | ENGIE COMMON STOCK                              | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               |  | FR        |    142810 | NS      | $4707400.02   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HD HYUNDAI ELECTRIC CO., LTD.                                                               | HD HYUNDAI ELECTRIC CO COMMON STOCK             | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               |  | KR        |      1750 | NS      | $1504858.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Aktiengesellschaft                                                                  | SIEMENS AG-REG COMMON STOCK                     | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               |  | DE        |      5000 | NS      | $1485810.69   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hygon Information Technology Co Ltd                                                         | HYGON INFORMATION TECHNOLO-A COMMON STOCK       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |     26000 | NS      | $1141577.65   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | BROWN BROTHERS HARRIMAN SWEEP INTEREST          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   7859352 | PA      | $7859352.36   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER GRID CORPORATION OF INDIA LIMITED                                                     | POWER GRID CORP OF INDIA LTD COMMON STOCK       | CUSIP: Y7028N105<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               |  | IN        |    590266 | NS      | $1987724.18   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MANULIFE FINANCIAL CORPORATION                                                              | MANULIFE FINANCIAL CORP COMMON STOCK            | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               |  | CA        |     87660 | NS      | $3446770.42   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA | AIR LIQUIDE SA COMMON STOCK                     | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               |  | FR        |     12700 | NS      | $2732292.11   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANGHAI PUDONG DEVELOPMENT BANK CO., LTD.                                                  | SHANGHAI PUDONG DEVEL BANK-A COMMON STOCK       | CUSIP: N/A<br>LEI: 300300C1031031001330       | Long             | EC               |  | CN        |   1299916 | NS      | $1763911.44   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AUMOVIO SE                                                                                  | AUMOVIO SE COMMON STOCK                         | CUSIP: N/A<br>LEI: 391200IGI9RQ7VTOK384       | Long             | EC               |  | DE        |     34500 | NS      | $1496219.02   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| LYNAS RARE EARTHS LIMITED                                                                   | Lynas Rare Earths Limited COMMON STOCK          | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               |  | AU        |     88000 | NS      | $1248379.02   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                                                              | BNP PARIBAS COMMON STOCK                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               |  | FR        |     27950 | NS      | $2935360.93   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co., Ltd.                                                   | CONTEMPORARY AMPEREX TECHN-A COMMON STOCK       | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               |  | CN        |     34500 | NS      | $2214600.01   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TENAGA NASIONAL BERHAD                                                                      | TENAGA NASIONAL BHD COMMON STOCK                | CUSIP: N/A<br>LEI: 549300FV8X6UID6I1413       | Long             | EC               |  | MY        |    480000 | NS      | $1759198.61   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                                                             | KONINKLIJKE AHOLD DELHAIZE N COMMON STOCK       | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               |  | NL        |     73400 | NS      | $3447570.54   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon Aktiebolag                                                                          | HEXAGON AB-B SHS COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               |  | SE        |    200000 | NS      | $2184989.69   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED OVERSEAS BANK LIMITED                                                                | UNITED OVERSEAS BANK LTD COMMON STOCK           | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               |  | SG        |     79640 | NS      | $2268072.31   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                                                               | ENBRIDGE INC COMMON STOCK                       | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               |  | CA        |     67500 | NS      | $3743843.63   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LIMITED                                                                          | ICICI BANK LTD COMMON STOCK                     | CUSIP: Y3860Z132<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               |  | IN        |    172440 | NS      | $2313858.65   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                                                        | MITSUBISHI UFJ FINANCIAL GRO COMMON STOCK       | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               |  | JP        |    298400 | NS      | $5360111.63   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WH GROUP LIMITED                                                                            | WH GROUP LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               |  | HK        |   2175000 | NS      | $2660126.77   | 0.94%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Mitsui Fudosan Co., Ltd.                                                                    | MITSUI FUDOSAN CO LTD COMMON STOCK              | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               |  | JP        |    265300 | NS      | $2905573.87   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LIMITED                                                                           | BHP GROUP LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               |  | AU        |    119436 | NS      | $4727182.36   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila Oyj Abp                                                                            | WARTSILA OYJ ABP COMMON STOCK                   | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               |  | FI        |     79500 | NS      | $3338789.04   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc.                                                                               | SK HYNIX INC COMMON STOCK                       | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               |  | KR        |      5860 | NS      | $5225764.51   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.                                                    | GRUPO FINANCIERO BANORTE-O COMMON STOCK         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MX        |    238000 | NS      | $2593700.66   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                                                               | UNICREDIT SPA COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               |  | IT        |     53400 | NS      | $4126892.81   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle S.A.                                                                                 | NESTLE SA-REG COMMON STOCK                      | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               |  | CH        |     26700 | NS      | $2703098.50   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co., Ltd.                                                                     | WEICHAI POWER CO LTD-H COMMON STOCK             | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               |  | HK        |    754000 | NS      | $3748049.43   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambea AB ( publ )                                                                           | AMBEA AB COMMON STOCK                           | CUSIP: N/A<br>LEI: 549300AEVNZRHYI5HV24       | Long             | EC               |  | SE        |    105600 | NS      | $1602400.15   | 0.57%             |  |  |  | Yes           |                  1 | On Loan: No      |
| The People's Insurance Company (Group) of China Limited                                     | PEOPLE'S INSURANCE CO GROU-H COMMON STOCK       | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               |  | HK        |   3180000 | NS      | $2175809.39   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                        | ROYAL BANK OF CANADA COMMON STOCK               | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               |  | CA        |     34000 | NS      | $6115169.14   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMATSU LTD.                                                                                | KOMATSU LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               |  | JP        |     80200 | NS      | $3434003.56   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTEC PLC                                                                                | INVESTEC PLC COMMON STOCK                       | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               |  | ZA        |    234500 | NS      | $1990169.16   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                                                                 | QBE INSURANCE GROUP LTD COMMON STOCK            | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               |  | AU        |    106000 | NS      | $1716969.07   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.                                                                        | AERCAP HOLDINGS NV COMMON STOCK                 | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               |  | US        |     15150 | NS      | $2154481.50   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank, S.A.                                                                             | CAIXABANK SA COMMON STOCK                       | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               |  | ES        |    316800 | NS      | $4032355.65   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental Aktiengesellschaft                                                              | CONTINENTAL AG COMMON STOCK                     | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               |  | DE        |     36000 | NS      | $2723881.67   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TESCO PLC                                                                                   | TESCO PLC COMMON STOCK                          | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               |  | GB        |    555000 | NS      | $3635828.12   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                                                                  | CRH PLC COMMON STOCK                            | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               |  | US        |     24620 | NS      | $2915500.40   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                                                                | SHOPIFY INC - CLASS A COMMON STOCK              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               |  | CA        |     10600 | NS      | $1286655.13   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding S.A.                                                                  | Itau Unibanco Holding SA PREFERRED STOCK        | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EP               |  | BR        |    472245 | NS      | $4130400.65   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DANONE SA                                                                                   | DANONE COMMON STOCK                             | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               |  | FR        |     33300 | NS      | $2608998.60   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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