# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0001752724-23-074254
**Filing Date:** 2023-3
**Character Count:** 50315
**Document Hash:** 46c0a0758c04177fb85d42a0f5304c75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-074254.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-074254

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 23779793

**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

### LSV U.S. MANAGED VOLATILITY FUND (Series ID: S000045798)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000142756 | Institutional Class Shares | LSVMX           |
| C000142757 | Investor Class Shares      | LVAMX           |

## Nport-Ex

**Schedule of Investments**

January 31, 2023 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) |
|  **Common Stock (99.3%)** |  |  |  |
|  **Aerospace & Defense (1.4%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin | 900 | $| 417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman | 400 |  | 179 |
|  |  |  | 596 |
|  **Agricultural Operations (1.0%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Archer-Daniels-Midland | 4900 |  | 406 |
|  **Agricultural Products (0.7%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ingredion | 2900 |  | 298 |
|  **Application Software (0.5%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Open Text | 6900 |  | 231 |
|  **Asset Management & Custody Banks (1.3%)** | **Asset Management & Custody Banks (1.3%)** | **Asset Management & Custody Banks (1.3%)** | **Asset Management & Custody Banks (1.3%)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon | 10600 |  | 536 |
|  **Automobile Manufacturers (0.8%)** | **Automobile Manufacturers (0.8%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Honda Motor ADR | 13500 |  | 335 |
|  **Automotive Retail (2.2%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone\* | 300 |  | 732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy USA | 700 |  | 190 |
|  |  |  | 922 |
|  **Banks (2.5%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia | 4500 |  | 243 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce | 5600 |  | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp; OceanFirst Financial | 5730 |  | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Towne Bank | 3896 |  | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Washington Federal | 7900 |  | 280 |
|  |  |  | 1035 |
|  **Biotechnology (3.6%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen | 2400 |  | 606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences | 10700 |  | 898 |
|  |  |  | 1504 |
|  **Broadcasting (0.6%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox | 8000 |  | 272 |
|  **Cable & Satellite (0.4%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cogeco Communications | 2900 |  | 150 |
|  **Commercial Services (2.1%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CSG Systems International | 8000 |  | 478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Union | 29800 |  | 422 |
|  |  |  | 900 |
|  **Computers & Peripherals (1.0%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Canon ADR | 19100 |  | 424 |
|  **Computers & Services (2.9%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise | 23400 |  | 378 |

---

---

| | | |
|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) |
|  **Computers & Services (continued)** | **Computers & Services (continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle | 9600 | $849 |
|  |  | 1227 |
|  **Drug Retail (0.3%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Walgreens Boots Alliance | 3500 | 129 |
|  **Electric Utilities (1.3%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy | 9100 | 570 |
|  **Electrical Services (2.9%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy | 3600 | 390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exelon | 3800 | 160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otter Tail | 5400 | 346 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPL | 10800 | 320 |
|  |  | 1216 |
|  **Electronic Components (0.6%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Knowles\* | 13700 | 263 |
|  **Electronic Equipment & Instruments (0.8%)** | **Electronic Equipment & Instruments (0.8%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OSI Systems\* | 3400 | 322 |
|  **Food, Beverage & Tobacco (8.5%)** | **Food, Beverage & Tobacco (8.5%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Altria Group | 4700 | 212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Campbell Soup | 5900 | 306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Conagra Brands | 13300 | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Mills | 6900 | 541 |
| &nbsp;&nbsp;&nbsp;&nbsp; JM Smucker | 3900 | 596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kellogg | 6600 | 453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molson Coors Beverage, Cl B | 10100 | 531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyson Foods, Cl A | 6700 | 440 |
|  |  | 3574 |
|  **Gas/Natural Gas (1.8%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; National Fuel Gas | 5200 | 302 |
| &nbsp;&nbsp;&nbsp;&nbsp; UGI | 11000 | 438 |
|  |  | 740 |
|  **General Merchandise Stores (0.8%)** | **General Merchandise Stores (0.8%)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Tire, Cl A | 2700 | 321 |
|  **Health Care Distributors (1.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; McKesson | 1100 | 417 |
|  **Health Care Services (3.7%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health | 7300 | 644 |
| &nbsp;&nbsp;&nbsp;&nbsp; DaVita\* | 2200 | 181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Laboratory Corp of America Holdings | 900 | 227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quest Diagnostics | 3400 | 505 |
|  |  | 1557 |

---

------

**Schedule of Investments**

January 31, 2023 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) |
|  **Homebuilding (0.4%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; DR Horton | 1800 | $| 178 |
|  **Household Products, Furniture & Fixtures (0.7%)** | **Household Products, Furniture & Fixtures (0.7%)** | **Household Products, Furniture & Fixtures (0.7%)** | **Household Products, Furniture & Fixtures (0.7%)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Whirlpool | 1800 |  | 280 |
|  **Industrial Machinery (1.0%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Snap-on | 1700 |  | 423 |
|  **Insurance (6.8%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aflac | 6300 |  | 463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allstate | 3000 |  | 385 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Financial Group | 1200 |  | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway, Cl B\* | 1900 |  | 592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hartford Financial Services Group | 8300 |  | 644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loblaw | 5600 |  | 502 |
| &nbsp;&nbsp;&nbsp;&nbsp; MetLife | 1700 |  | 124 |
|  |  |  | 2881 |
|  **Integrated Oil & Gas (0.8%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Eni ADR | 10800 |  | 334 |
|  **IT Consulting & Other Services (5.9%)** | **IT Consulting & Other Services (5.9%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amdocs | 13600 |  | 1250 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines | 7000 |  | 943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications International | 2900 |  | 301 |
|  |  |  | 2494 |
|  **Machinery (2.3%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allison Transmission Holdings | 9900 |  | 446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cummins | 2100 |  | 524 |
|  |  |  | 970 |
|  **Media & Entertainment (1.1%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Comcast, Cl A | 12100 |  | 476 |
|  **Metal & Glass Containers (0.4%)** | **Metal & Glass Containers (0.4%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Berry Global Group | 3100 |  | 191 |
|  **Oil & Gas Exploration & Production (0.7%)** | **Oil & Gas Exploration & Production (0.7%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chesapeake Energy | 3400 |  | 295 |
|  **Oil & Gas Storage & Transportation (0.5%)** | **Oil & Gas Storage & Transportation (0.5%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan | 10900 |  | 199 |
|  **Packaged Foods & Meats (1.1%)** | **Packaged Foods & Meats (1.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kraft Heinz | 11200 |  | 454 |
|  **Paper Packaging (1.7%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; International Paper | 5300 |  | 222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sealed Air | 3700 |  | 202 |

---

---

| | | | |
|:---|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) |
|  **Paper Packaging (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sonoco Products | 5100 | $| 312 |
|  |  |  | 736 |
|  **Petroleum & Fuel Products (3.1%)** | **Petroleum & Fuel Products (3.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chevron | 3500 |  | 609 |
| &nbsp;&nbsp;&nbsp;&nbsp; ExxonMobil | 6100 |  | 708 |
|  |  |  | 1317 |
|  **Pharmaceuticals (10.5%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie | 2500 |  | 370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bristol-Myers Squibb | 9600 |  | 698 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSK ADR | 11920 |  | 420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jazz Pharmaceuticals\* | 2000 |  | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson | 3000 |  | 490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merck | 9300 |  | 999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Organon | 1993 |  | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pfizer | 19300 |  | 852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanofi ADR | 4600 |  | 226 |
|  |  |  | 4428 |
|  **Retail (2.5%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kroger | 17600 |  | 785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's | 1200 |  | 250 |
|  |  |  | 1035 |
|  **Semi-Conductors/Instruments (1.6%)** | **Semi-Conductors/Instruments (1.6%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Intel | 23600 |  | 667 |
|  **Specialized Consumer Services (1.2%)** | **Specialized Consumer Services (1.2%)** | **Specialized Consumer Services (1.2%)** | **Specialized Consumer Services (1.2%)** |
| &nbsp;&nbsp;&nbsp;&nbsp; H&R Block | 8400 |  | 327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Service International | 2400 |  | 178 |
|  |  |  | 505 |
|  **Specialty Chemicals (1.1%)** | **Specialty Chemicals (1.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NewMarket | 1300 |  | 448 |
|  **Steel & Steel Works (0.7%)** | **Steel & Steel Works (0.7%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Reliance Steel & Aluminum | 1300 |  | 296 |
|  **Technology Distributors (1.7%)** | **Technology Distributors (1.7%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrow Electronics\* | 3700 |  | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avnet | 6600 |  | 303 |
|  |  |  | 738 |
|  **Technology Hardware, Storage & Peripherals (1.0%)** | **Technology Hardware, Storage & Peripherals (1.0%)** | **Technology Hardware, Storage & Peripherals (1.0%)** | **Technology Hardware, Storage & Peripherals (1.0%)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Dell Technologies, Cl C | 3400 |  | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seagate Technology Holdings | 3900 |  | 264 |
|  |  |  | 402 |
|  **Telephones & Telecommunications (8.2%)** | **Telephones & Telecommunications (8.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T | 43500 |  | 886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems | 21700 |  | 1056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nippon Telegraph & Telephone ADR | 14500 |  | 436 |

---

------

**Schedule of Investments**

January 31, 2023 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** | **LSV U.S. Managed Volatility Fund** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value (000) |
|  **Telephones & Telecommunications (continued)** | **Telephones & Telecommunications (continued)** | **Telephones & Telecommunications (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications | 26300 | $1093 |
|  |  | 3471 |
|  **Trucking (1.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Schneider National, Cl B | 9500 | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Werner Enterprises | 5600 | 263 |
|  |  | 515 |
|  **Wireless Telecommunication Services (0.4%)** | **Wireless Telecommunication Services (0.4%)** | **Wireless Telecommunication Services (0.4%)** |
| &nbsp;&nbsp;&nbsp;&nbsp; SK Telecom ADR | 7713 | 164 |
|  **TOTAL COMMON STOCK**<br> (Cost $37,241) |  | 41842 |
|  | Face Amount<br>(000) |  |
|  **Repurchase Agreement (0.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; South Street Securities 3.990%, dated 01/31/2023, to be repurchased on 02/01/2023, repurchase price $29 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $20, 0.000% - 4.125%, 04/30/2023 - 05/15/2041; total market value $29) | $29 | 29 |
|  **TOTAL REPURCHASE AGREEMENT**<br> (Cost $29) | **TOTAL REPURCHASE AGREEMENT**<br> (Cost $29) | 29 |
|  **Total Investments – 99.4%**<br> (Cost $37,270) | **Total Investments – 99.4%**<br> (Cost $37,270) | $41871 |

---

*Percentages are based on Net Assets of $42,126 (000).* 

*\* Non-income producing security.* 

*ADR — American Depositary Receipt* 

*Cl — Class* 

*LSV-QH-007-1800*

## 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:** LSV U.S. Managed Volatility Fund

- **b. EDGAR series identifier (if any):** S000045798

- **c. LEI of Series:** 549300XO8REARCKL8558

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $42141128.00

**Total Liabilities:** $15591.85

**Net Assets:** $42125536.15

**Cash Not Reported:** $167302.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142757 | 2.06%                | -2.71%               | 5.58%                |
| Class ID C000142756 | 2.17%                | -2.73%               | 5.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2275787.88              | $-1478001.48                               |
| Month 2  | $69872.42                | $-1692155.06                               |
| Month 3  | $274031.94               | $2557223.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| METLIFE, INC.                                      | METLIFE INC COMMON STOCK                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               |  | US        |      1700 | NS      | $124134.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE COMPANY                      | MOLSON COORS BEVERAGE CO - B COMMON STOCK       | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               |  | US        |     10100 | NS      | $531058.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                | CHEVRON CORP COMMON STOCK                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |      3500 | NS      | $609070.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORPORATION                             | SEALED AIR CORP COMMON STOCK                    | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               |  | US        |      3700 | NS      | $202612.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINANCIAL GROUP, INC.                     | AMERICAN FINANCIAL GROUP INC COMMON STOCK       | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               |  | US        |      1200 | NS      | $171108.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                              | GILEAD SCIENCES INC COMMON STOCK                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |     10700 | NS      | $898158.00    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | LSV TRI-PARTY REPO MORGAN STANLEY               | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |     28914 | PA      | $28914.30     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE            | CAN IMPERIAL BK OF COMMERCE COMMON STOCK        | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               |  | CA        |      5600 | NS      | $255641.65    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WESTERN UNION COMPANY                          | WESTERN UNION CO COMMON STOCK                   | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               |  | US        |     29800 | NS      | $422266.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WERNER ENTERPRISES, INC.                           | WERNER ENTERPRISES INC COMMON STOCK             | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               |  | US        |      5600 | NS      | $263032.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                           | SONOCO PRODUCTS CO COMMON STOCK                 | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               |  | US        |      5100 | NS      | $311661.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LABORATORY CORPORATION OF AMERICA HOLDINGS         | LABORATORY CRP OF AMER HLDGS COMMON STOCK       | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               |  | US        |       900 | NS      | $226908.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| OCEANFIRST FINANCIAL CORP.                         | OCEANFIRST FINANCIAL CORP COMMON STOCK          | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               |  | US        |      5730 | NS      | $137061.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD FINANCIAL SERVICES GROUP, INC.        | HARTFORD FINANCIAL SVCS GRP COMMON STOCK        | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               |  | US        |      8300 | NS      | $644163.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                       | BRISTOL-MYERS SQUIBB CO COMMON STOCK            | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |      9600 | NS      | $697440.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE, INC.                                     | AUTOZONE INC COMMON STOCK                       | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               |  | US        |       300 | NS      | $731655.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | SEAGATE TECHNOLOGY HOLDINGS COMMON STOCK        | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               |  | US        |      3900 | NS      | $264342.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                       | NORTHROP GRUMMAN CORP COMMON STOCK              | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               |  | US        |       400 | NS      | $179216.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                        | ABBVIE INC COMMON STOCK                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               |  | US        |      2500 | NS      | $369375.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                  | MERCK & CO. INC. COMMON STOCK                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |      9300 | NS      | $998913.00    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ENI S.P.A.                                         | ENI SPA-SPONSORED ADR DEPOSITARY RECEIPT        | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               |  | US        |     10800 | NS      | $333720.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON, INC.                                  | DR HORTON INC COMMON STOCK                      | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               |  | US        |      1800 | NS      | $177642.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                        | LOCKHEED MARTIN CORP COMMON STOCK               | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |       900 | NS      | $416934.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLOGG COMPANY                                    | KELLOGG CO COMMON STOCK                         | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               |  | US        |      6600 | NS      | $452628.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORPORATION                                  | INTEL CORP COMMON STOCK                         | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               |  | US        |     23600 | NS      | $666936.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC.                             | DELL TECHNOLOGIES -C COMMON STOCK               | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               |  | US        |      3400 | NS      | $138108.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION     | SCIENCE APPLICATIONS INTE COMMON STOCK          | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               |  | US        |      2900 | NS      | $300962.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                            | BANK OF NOVA SCOTIA COMMON STOCK                | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               |  | CA        |      4500 | NS      | $243609.79    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                | COMCAST CORP-CLASS A COMMON STOCK               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |     12100 | NS      | $476135.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WASHINGTON FEDERAL, INC.                           | WASHINGTON FEDERAL INC COMMON STOCK             | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               |  | US        |      7900 | NS      | $280134.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC.                                         | CANON INC-SPONS ADR DEPOSITARY RECEIPT          | CUSIP: 138006309<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               |  | US        |     19100 | NS      | $424020.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KNOWLES CORPORATION                                | KNOWLES CORP COMMON STOCK                       | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               |  | US        |     13700 | NS      | $263451.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SK TELECOM CO.,LTD                                 | SK TELECOM CO LTD-SPON ADR DEPOSITARY RECEIPT   | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               |  | US        |      7713 | NS      | $163592.73    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION                                 | ORACLE CORP COMMON STOCK                        | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               |  | US        |      9600 | NS      | $849216.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INCORPORATED                               | SNAP-ON INC COMMON STOCK                        | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               |  | US        |      1700 | NS      | $422841.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI SYSTEMS, INC.                                  | OSI SYSTEMS INC COMMON STOCK                    | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               |  | US        |      3400 | NS      | $322014.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                         | AMGEN INC COMMON STOCK                          | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               |  | US        |      2400 | NS      | $605760.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                    | PPL CORP COMMON STOCK                           | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               |  | US        |     10800 | NS      | $319680.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KRAFT HEINZ COMPANY                            | KRAFT HEINZ CO/THE COMMON STOCK                 | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               |  | US        |     11200 | NS      | $453936.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HOLDINGS, INC.                | ALLISON TRANSMISSION HOLDING COMMON STOCK       | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               |  | US        |      9900 | NS      | $446292.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                                 | EXELON CORP COMMON STOCK                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               |  | US        |      3800 | NS      | $160322.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA MOTOR CO., LTD.                              | HONDA MOTOR CO LTD-SPONS ADR DEPOSITARY RECEIPT | CUSIP: 438128308<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               |  | US        |     13500 | NS      | $335070.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                             | INGREDION INC COMMON STOCK                      | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |      2900 | NS      | $298120.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS, INC.                            | ARROW ELECTRONICS INC COMMON STOCK              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               |  | US        |      3700 | NS      | $434713.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                                      | ORGANON & CO COMMON STOCK                       | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               |  | US        |      1993 | NS      | $60049.09     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                    | UGI CORP COMMON STOCK                           | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               |  | US        |     11000 | NS      | $438130.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                                | CISCO SYSTEMS INC COMMON STOCK                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     21700 | NS      | $1056139.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN, INC.                                | KINDER MORGAN INC COMMON STOCK                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               |  | US        |     10900 | NS      | $199470.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWNE BANK                                         | TOWNE BANK COMMON STOCK                         | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               |  | US        |      3896 | NS      | $118711.12    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS, INC.                                  | TYSON FOODS INC-CL A COMMON STOCK               | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               |  | US        |      6700 | NS      | $440525.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                          | SANOFI-ADR DEPOSITARY RECEIPT                   | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               |  | US        |      4600 | NS      | $226044.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                        | VERIZON COMMUNICATIONS INC COMMON STOCK         | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |     26300 | NS      | $1093291.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                                     | AMDOCS LTD COMMON STOCK                         | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               |  | US        |     13600 | NS      | $1250248.00   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BERRY GLOBAL GROUP, INC.                           | BERRY GLOBAL GROUP INC COMMON STOCK             | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               |  | US        |      3100 | NS      | $191363.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.,                           | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               |  | US        |      1900 | NS      | $591888.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| THE KROGER CO.                                     | KROGER CO COMMON STOCK                          | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               |  | US        |     17600 | NS      | $785488.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                          | AT&T INC COMMON STOCK                           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |     43500 | NS      | $886095.00    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                                | ENTERGY CORP COMMON STOCK                       | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               |  | US        |      3600 | NS      | $389808.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTERNATIONAL, INC.                    | CSG SYSTEMS INTL INC COMMON STOCK               | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               |  | US        |      8000 | NS      | $477360.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                        | INTERNATIONAL PAPER CO COMMON STOCK             | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               |  | US        |      5300 | NS      | $221646.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INCORPORATED                                 | AFLAC INC COMMON STOCK                          | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               |  | US        |      6300 | NS      | $463050.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC.                                        | DAVITA INC COMMON STOCK                         | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               |  | US        |      2200 | NS      | $181258.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                  | JOHNSON & JOHNSON COMMON STOCK                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |      3000 | NS      | $490260.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                                  | H&R BLOCK INC COMMON STOCK                      | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               |  | US        |      8400 | NS      | $327432.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                       | CUMMINS INC COMMON STOCK                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               |  | US        |      2100 | NS      | $524034.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE, INC.                     | WALGREENS BOOTS ALLIANCE INC COMMON STOCK       | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               |  | US        |      3500 | NS      | $129010.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON TELEGRAPH AND TELEPHONE CORPORATION         | NIPPON TELEGRAPH & TELE-ADR DEPOSITARY RECEIPT  | CUSIP: 654624105<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               |  | US        |     14500 | NS      | $435725.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER NATIONAL, INC.                           | SCHNEIDER NATIONAL INC-CL B COMMON STOCK        | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               |  | US        |      9500 | NS      | $251750.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                 | HEWLETT PACKARD ENTERPRISE COMMON STOCK         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               |  | US        |     23400 | NS      | $377442.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corporation                              | OPEN TEXT CORP COMMON STOCK                     | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               |  | CA        |      6900 | NS      | $231443.39    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                 | ALTRIA GROUP INC COMMON STOCK                   | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |      4700 | NS      | $211688.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                       | EVERGY INC COMMON STOCK                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               |  | US        |      9100 | NS      | $570115.00    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS, INC.                                | GENERAL MILLS INC COMMON STOCK                  | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               |  | US        |      6900 | NS      | $540684.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COGECO COMMUNICATIONS INC.                         | COGECO COMMUNICATIONS INC COMMON STOCK          | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               |  | CA        |      2900 | NS      | $149844.05    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS, INC.                               | CONAGRA BRANDS INC COMMON STOCK                 | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               |  | US        |     13300 | NS      | $494627.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                               | MCKESSON CORP COMMON STOCK                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               |  | US        |      1100 | NS      | $416548.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND COMPANY                     | ARCHER-DANIELS-MIDLAND CO COMMON STOCK          | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               |  | US        |      4900 | NS      | $405965.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                           | ALLSTATE CORP COMMON STOCK                      | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               |  | US        |      3000 | NS      | $385410.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| THE J. M. SMUCKER COMPANY                          | JM SMUCKER CO/THE COMMON STOCK                  | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               |  | US        |      3900 | NS      | $595920.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY        | JAZZ PHARMACEUTICALS PLC COMMON STOCK           | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               |  | US        |      2000 | NS      | $313320.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                              | NEWMARKET CORP COMMON STOCK                     | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               |  | US        |      1300 | NS      | $447863.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET, INC.                                        | AVNET INC COMMON STOCK                          | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               |  | US        |      6600 | NS      | $302808.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                          | NATIONAL FUEL GAS CO COMMON STOCK               | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |      5200 | NS      | $301912.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMPBELL SOUP COMPANY                              | CAMPBELL SOUP CO COMMON STOCK                   | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               |  | US        |      5900 | NS      | $306387.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                             | CVS HEALTH CORP COMMON STOCK                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               |  | US        |      7300 | NS      | $644006.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                  | SERVICE CORP INTERNATIONAL COMMON STOCK         | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               |  | US        |      2400 | NS      | $177960.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY USA INC.                                    | MURPHY USA INC COMMON STOCK                     | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               |  | US        |       700 | NS      | $190421.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION        | INTL BUSINESS MACHINES CORP COMMON STOCK        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      7000 | NS      | $943110.00    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INCORPORATED                     | QUEST DIAGNOSTICS INC COMMON STOCK              | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               |  | US        |      3400 | NS      | $504832.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORPORATION                              | WHIRLPOOL CORP COMMON STOCK                     | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               |  | US        |      1800 | NS      | $280062.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                            | EXXON MOBIL CORP COMMON STOCK                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      6100 | NS      | $707661.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation            | BANK OF NEW YORK MELLON CORP COMMON STOCK       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               |  | US        |     10600 | NS      | $536042.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                                    | FOX CORP - CLASS A COMMON STOCK                 | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               |  | US        |      8000 | NS      | $271520.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE ENERGY CORPORATION                      | CHESAPEAKE ENERGY CORP COMMON STOCK             | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               |  | US        |      3400 | NS      | $294848.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE STEEL & ALUMINUM CO.                      | RELIANCE STEEL & ALUMINUM COMMON STOCK          | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               |  | US        |      1300 | NS      | $295685.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corporation                             | OTTER TAIL CORP COMMON STOCK                    | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               |  | US        |      5400 | NS      | $346410.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN TIRE CORPORATION, LIMITED                 | CANADIAN TIRE CORP-CLASS A COMMON STOCK         | CUSIP: 136681202<br>LEI: 549300RLHDA7VQYMUB14 | Long             | EC               |  | CA        |      2700 | NS      | $321025.14    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                            | GSK PLC-SPON ADR DEPOSITARY RECEIPT             | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               |  | US        |     11920 | NS      | $420299.20    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LES COMPAGNIES LOBLAW LIMITEE                      | LOBLAW COMPANIES LTD COMMON STOCK               | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               |  | CA        |      5600 | NS      | $501687.27    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.                             | LOWE'S COS INC COMMON STOCK                     | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               |  | US        |      1200 | NS      | $249900.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                        | PFIZER INC COMMON STOCK                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               |  | US        |     19300 | NS      | $852288.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

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

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO