# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-000213
**Filing Date:** 2025-9
**Character Count:** 30760
**Document Hash:** 8764b91b3f385cf56834a6b4568c7b03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000213.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002048251-25-000213

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251346871

**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

### RICE HALL JAMES MICRO CAP PORTFOLIO (Series ID: S000005702)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000015666 | INSTITUTIONAL CLASS SHARES | RHJSX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ MICRO CAP PORTFOLIO** |
|  | **JULY 31, 2025 (Unaudited)** |

---

**SCHEDULE OF INVESTMENTS**

**COMMON STOCK<sup>††</sup> — 96.0%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **CONSUMER DISCRETIONARY — 14.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Figs, Cl A\* | 32300 | $209950 |
| &nbsp;&nbsp;&nbsp;Genius Sports\* | 28700 | 322875 |
| &nbsp;&nbsp;&nbsp;Green Brick Partners\* | 4750 | 294215 |
| &nbsp;&nbsp;&nbsp;Johnson Outdoors, Cl A | 4716 | 156571 |
| &nbsp;&nbsp;&nbsp;Latham Group\* | 27700 | 187806 |
| &nbsp;&nbsp;&nbsp;Lincoln Educational Services\* | 16306 | 372918 |
| &nbsp;&nbsp;&nbsp;Lindblad Expeditions Holdings\* | 20874 | 249445 |
| &nbsp;&nbsp;&nbsp;Petco Health & Wellness, Cl A\* | 46800 | 140868 |
| &nbsp;&nbsp;&nbsp;Portillo's, Cl A\* | 16245 | 161800 |
| &nbsp;&nbsp;&nbsp;Standard Motor Products | 7829 | 237688 |
|  |  | 2334136 |
| **CONSUMER STAPLES — 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Grocery Outlet Holding\* | 14700 | 193599 |
| &nbsp;&nbsp;&nbsp;Mama's Creations\* | 27645 | 228348 |
| &nbsp;&nbsp;&nbsp;Vital Farms\* | 8384 | 311885 |
|  |  | 733832 |
| **ENERGY — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Core Laboratories | 15800 | 172852 |
| **FINANCIALS — 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Federal Agricultural Mortgage, Cl C | 1869 | 321972 |
| &nbsp;&nbsp;&nbsp;Live Oak Bancshares | 7365 | 232808 |
| &nbsp;&nbsp;&nbsp;Plumas Bancorp | 3700 | 152662 |
|  |  | 707442 |
| **HEALTH CARE — 22.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ADMA Biologics\* | 17293 | 323379 |
| &nbsp;&nbsp;&nbsp;ANI Pharmaceuticals\* | 4618 | 292550 |
| &nbsp;&nbsp;&nbsp;Aurinia Pharmaceuticals\* | 27600 | 255162 |
| &nbsp;&nbsp;&nbsp;Axogen\* | 12416 | 162526 |
| &nbsp;&nbsp;&nbsp;iRadimed | 5666 | 330554 |
| &nbsp;&nbsp;&nbsp;LeMaitre Vascular | 4824 | 391902 |
| &nbsp;&nbsp;&nbsp;MaxCyte\* | 38200 | 78692 |
| &nbsp;&nbsp;&nbsp;Mesa Laboratories | 2256 | 172539 |
| &nbsp;&nbsp;&nbsp;Mirum Pharmaceuticals\* | 5542 | 286411 |

---

**1**

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ MICRO CAP PORTFOLIO** |
|  | **JULY 31, 2025 (Unaudited)** |

---

**COMMON STOCK<sup>††</sup> — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **HEALTH CARE — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Omnicell\* | 3500 | $108535 |
| &nbsp;&nbsp;&nbsp;Pennant Group\* | 12140 | 269144 |
| &nbsp;&nbsp;&nbsp;Simulations Plus | 8646 | 112571 |
| &nbsp;&nbsp;&nbsp;Tactile Systems Technology\* | 17156 | 171217 |
| &nbsp;&nbsp;&nbsp;U.S. Physical Therapy | 2850 | 208477 |
| &nbsp;&nbsp;&nbsp;UFP Technologies\* | 1562 | 353621 |
| &nbsp;&nbsp;&nbsp;Viemed Healthcare\* | 21100 | 128499 |
|  |  | 3645779 |
| **INDUSTRIALS — 30.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Alamo Group | 1491 | 331867 |
| &nbsp;&nbsp;&nbsp;American Superconductor\* | 8795 | 499996 |
| &nbsp;&nbsp;&nbsp;CBIZ\* | 2781 | 169975 |
| &nbsp;&nbsp;&nbsp;Construction Partners, Cl A\* | 3369 | 339763 |
| &nbsp;&nbsp;&nbsp;CRA International | 1526 | 269583 |
| &nbsp;&nbsp;&nbsp;Douglas Dynamics | 6699 | 191592 |
| &nbsp;&nbsp;&nbsp;Ducommun\* | 3921 | 356733 |
| &nbsp;&nbsp;&nbsp;Energy Recovery\* | 19354 | 260311 |
| &nbsp;&nbsp;&nbsp;Healthcare Services Group\* | 25500 | 331755 |
| &nbsp;&nbsp;&nbsp;Helios Technologies | 6800 | 249492 |
| &nbsp;&nbsp;&nbsp;Huron Consulting Group\* | 2401 | 317124 |
| &nbsp;&nbsp;&nbsp;Liquidity Services\* | 9114 | 217642 |
| &nbsp;&nbsp;&nbsp;Newpark Resources\* | 34500 | 311190 |
| &nbsp;&nbsp;&nbsp;Proto Labs\* | 6200 | 267344 |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure\* | 1198 | 320573 |
| &nbsp;&nbsp;&nbsp;Thermon Group Holdings\* | 8781 | 248326 |
| &nbsp;&nbsp;&nbsp;Transcat\* | 2871 | 219431 |
|  |  | 4902697 |
| **INFORMATION TECHNOLOGY — 18.1%** |  |  |
| &nbsp;&nbsp;&nbsp;A10 Networks | 16898 | 311261 |
| &nbsp;&nbsp;&nbsp;Aehr Test Systems\* | 18500 | 312650 |
| &nbsp;&nbsp;&nbsp;Applied Optoelectronics\* | 10100 | 230987 |
| &nbsp;&nbsp;&nbsp;BigCommerce Holdings\* | 34500 | 164910 |
| &nbsp;&nbsp;&nbsp;Clearfield\* | 5285 | 231536 |
| &nbsp;&nbsp;&nbsp;Grid Dynamics Holdings\* | 15800 | 149942 |
| &nbsp;&nbsp;&nbsp;Napco Security Technologies | 8122 | 247965 |
| &nbsp;&nbsp;&nbsp;nLight\* | 12409 | 260713 |

---

**2**

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND** | **RHJ MICRO CAP PORTFOLIO** |
|  | **JULY 31, 2025 (Unaudited)** |

---

**COMMON STOCK<sup>††</sup> — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **INFORMATION TECHNOLOGY — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Olo, Cl A\* | 42814 | $448691 |
| &nbsp;&nbsp;&nbsp;PDF Solutions\* | 10600 | 235638 |
| &nbsp;&nbsp;&nbsp;PROS Holdings\* | 11221 | 176057 |
| &nbsp;&nbsp;&nbsp;Vishay Precision Group\* | 6347 | 168322 |
|  |  | 2938672 |
| **MATERIALS — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;TriMas | 5400 | 192942 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,342,719) |  | 15628352 |
| **SHORT-TERM INVESTMENT(A) — 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund, Cl X , 4.230% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $610,593) | 610593 | 610593 |
| TOTAL INVESTMENTS— 99.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,953,312) |  | $16238945 |

---

Percentages are based on Net Assets of $16,283,153.

<sup>\*</sup> Non-income producing security.

<sup>††</sup> More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

&nbsp;&nbsp;&nbsp;&nbsp;(A) The
rate reported is the 7-day effective yield as of July 31, 2025.

Cl Class

RHJ-QH-004-3000

**3**

## 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:** Rice Hall James Micro Cap Portfolio

- **b. EDGAR series identifier (if any):** S000005702

- **c. LEI of Series:** 549300PEPH81TTS1L590

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $16337382.70

**Total Liabilities:** $52305.68

**Net Assets:** $16285077.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015666 | 0.56%                | 5.17%                | 4.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $94119.58                | $14534.94                                  |
| Month 2  | $129584.30               | $711852.59                                 |
| Month 3  | $-201723.43              | $975158.95                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Latham Group Inc                          | LATHAM GROUP INC COMMON STOCK                              | CUSIP: 51819L107<br>LEI: N/A                  | Long             | EC               |  | US        |     27700 | NS      | $187806.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSULTING GROUP INC.               | HURON CONSULTING GROUP INC COMMON STOCK                    | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               |  | US        |      2401 | NS      | $317124.08    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGS, INC.                                | FIGS INC-CLASS A COMMON STOCK                              | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               |  | US        |     32300 | NS      | $209950.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF SOLUTIONS, INC.                       | PDF SOLUTIONS INC COMMON STOCK                             | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               |  | US        |     10600 | NS      | $235638.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE, INC.             | STERLING INFRASTRUCTURE INC COMMON STOCK                   | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               |  | US        |      1198 | NS      | $320572.82    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurinia Pharmaceuticals Inc.              | AURINIA PHARMACEUTICALS INC COMMON STOCK                   | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               |  | US        |     27600 | NS      | $255162.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Portillos Inc                             | PORTILLO'S INC-CL A COMMON STOCK                           | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               |  | US        |     16245 | NS      | $161800.20    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS DYNAMICS, INC.                    | DOUGLAS DYNAMICS INC COMMON STOCK                          | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               |  | US        |      6699 | NS      | $191591.40    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL AGRICULTURAL MORTGAGE CORPORATION | FEDERAL AGRIC MTG CORP-CL C COMMON STOCK                   | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               |  | US        |      1869 | NS      | $321972.63    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AxoGen, Inc.                              | AXOGEN INC COMMON STOCK                                    | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               |  | US        |     12416 | NS      | $162525.44    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ, INC.                                | CBIZ INC COMMON STOCK                                      | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               |  | US        |      3381 | NS      | $206646.72    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP TECHNOLOGIES, INC.                    | UFP TECHNOLOGIES INC COMMON STOCK                          | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               |  | US        |      1562 | NS      | $353621.18    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GRID DYNAMICS HOLDINGS, INC.              | GRID DYNAMICS HOLDINGS INC COMMON STOCK                    | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               |  | US        |     15800 | NS      | $149942.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HELIOS TECHNOLOGIES, INC.                 | HELIOS TECHNOLOGIES INC COMMON STOCK                       | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               |  | US        |      6800 | NS      | $249492.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMAS CORPORATION                        | TRIMAS CORP COMMON STOCK                                   | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               |  | US        |      5400 | NS      | $192942.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares, Inc.                 | LIVE OAK BANCSHARES INC COMMON STOCK                       | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               |  | US        |      7365 | NS      | $232807.65    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE SERVICES GROUP, INC.           | HEALTHCARE SERVICES GROUP COMMON STOCK                     | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               |  | US        |     25500 | NS      | $331755.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LIQUIDITY SERVICES, INC.                  | LIQUIDITY SERVICES INC COMMON STOCK                        | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               |  | US        |      9114 | NS      | $217642.32    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICELL, INC.                            | OMNICELL INC COMMON STOCK                                  | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               |  | US        |      3500 | NS      | $108535.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK INTERNATIONAL INC.                    | NPK INTERNATIONAL INC COMMON STOCK                         | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               |  | US        |     34500 | NS      | $311190.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| LEMAITRE VASCULAR, INC.                   | LEMAITRE VASCULAR INC COMMON STOCK                         | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               |  | US        |      4824 | NS      | $391901.76    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BIGCOMMERCE HOLDINGS, INC.                | BIGCOMMERCE HOLDINGS-SER 1 COMMON STOCK                    | CUSIP: 08975P108<br>LEI: 549300MOVEFQ78DMPG58 | Long             | EC               |  | US        |     34500 | NS      | $164910.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VISHAY PRECISION GROUP, INC.              | VISHAY PRECISION GROUP COMMON STOCK                        | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               |  | US        |      6347 | NS      | $168322.44    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             |  | US        |    610593 | PA      | $610592.56    | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 NETWORKS, INC.                        | A10 NETWORKS INC COMMON STOCK                              | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               |  | US        |     16898 | NS      | $311261.16    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCAT, INC.                            | TRANSCAT INC COMMON STOCK                                  | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               |  | US        |      2871 | NS      | $219430.53    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxCyte Inc                               | MAXCYTE INC COMMON STOCK                                   | CUSIP: 57777K106<br>LEI: 54930053YHXULRFCU991 | Long             | EC               |  | US        |     38200 | NS      | $78692.00     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GREEN BRICK PARTNERS, INC.                | GREEN BRICK PARTNERS INC COMMON STOCK                      | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               |  | US        |      4750 | NS      | $294215.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN EDUCATIONAL SERVICES CORPORATION  | LINCOLN EDUCATIONAL SERVICES COMMON STOCK                  | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               |  | US        |     16306 | NS      | $372918.22    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc            | TACTILE SYSTEMS TECHNOLOGY I COMMON STOCK                  | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               |  | US        |     17156 | NS      | $171216.88    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AEHR TEST SYSTEMS                         | AEHR TEST SYSTEMS COMMON STOCK                             | CUSIP: 00760J108<br>LEI: 529900A4GWWZFRU2RE97 | Long             | EC               |  | US        |     18500 | NS      | $312650.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MESA LABORATORIES, INC.                   | MESA LABORATORIES INC COMMON STOCK                         | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               |  | US        |      2256 | NS      | $172538.88    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD MOTOR PRODUCTS, INC.             | STANDARD MOTOR PRODS COMMON STOCK                          | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               |  | US        |      7829 | NS      | $237688.44    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| VIEMED HEALTHCARE, INC.                   | VIEMED HEALTHCARE INC COMMON STOCK                         | CUSIP: 92663R105<br>LEI: N/A                  | Long             | EC               |  | US        |     21100 | NS      | $128499.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd                         | GENIUS SPORTS LTD COMMON STOCK                             | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               |  | US        |     28700 | NS      | $322875.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY RECOVERY, INC.                     | ENERGY RECOVERY INC COMMON STOCK                           | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               |  | US        |     19354 | NS      | $260311.30    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMULATIONS PLUS, INC.                    | SIMULATIONS PLUS INC COMMON STOCK                          | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               |  | US        |      8646 | NS      | $112570.92    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DUCOMMUN INCORPORATED                     | DUCOMMUN INC COMMON STOCK                                  | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               |  | US        |      3921 | NS      | $356732.58    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDBLAD EXPEDITIONS HOLDINGS, INC.       | LINDBLAD EXPEDITIONS HOLDING COMMON STOCK                  | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               |  | US        |     20874 | NS      | $249444.30    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA INTERNATIONAL, INC.                   | CRA INTERNATIONAL INC COMMON STOCK                         | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               |  | US        |      1526 | NS      | $269583.16    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PENNANT GROUP, INC.                   | PENNANT GROUP INC/THE COMMON STOCK                         | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               |  | US        |     12140 | NS      | $269143.80    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.   | PETCO HEALTH AND WELLNESS CO COMMON STOCK                  | CUSIP: 71601V105<br>LEI: 2549007TYGV6RVSE9M61 | Long             | EC               |  | US        |     46800 | NS      | $140868.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED OPTOELECTRONICS, INC.             | APPLIED OPTOELECTRONICS INC COMMON STOCK                   | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               |  | US        |     10100 | NS      | $230987.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS HOLDINGS, INC.                       | PROS HOLDINGS INC COMMON STOCK                             | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               |  | US        |     11221 | NS      | $176057.49    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IRadimed Corp                             | IRADIMED CORP COMMON STOCK                                 | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               |  | US        |      5666 | NS      | $330554.44    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PLUMAS BANCORP                            | PLUMAS BANCORP COMMON STOCK                                | CUSIP: 729273102<br>LEI: 549300O5TKTXYTYP4G59 | Long             | EC               |  | US        |      3700 | NS      | $152662.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTRUCTION PARTNERS, INC.               | CONSTRUCTION PARTNERS INC-A COMMON STOCK                   | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               |  | US        |      3369 | NS      | $339763.65    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| U. S. PHYSICAL THERAPY, INC.              | U.S. PHYSICAL THERAPY INC COMMON STOCK                     | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               |  | US        |      2850 | NS      | $208477.50    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield, Inc.                          | CLEARFIELD INC COMMON STOCK                                | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               |  | US        |      5285 | NS      | $231535.85    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations Inc                      | MAMA'S CREATIONS INC COMMON STOCK                          | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               |  | US        |     27645 | NS      | $228347.70    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI PHARMACEUTICALS, INC.                 | ANI PHARMACEUTICALS INC COMMON STOCK                       | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               |  | US        |      4618 | NS      | $292550.30    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON OUTDOORS INC.                     | JOHNSON OUTDOORS INC-A COMMON STOCK                        | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               |  | US        |      4716 | NS      | $156571.20    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| GROCERY OUTLET HOLDING CORP.              | GROCERY OUTLET HOLDING CORP COMMON STOCK                   | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               |  | US        |     14700 | NS      | $193599.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NAPCO SECURITY TECHNOLOGIES, INC.         | NAPCO SECURITY TECHNOLOGIES COMMON STOCK                   | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               |  | US        |      8122 | NS      | $247964.66    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRUM PHARMACEUTICALS, INC.               | MIRUM PHARMACEUTICALS INC COMMON STOCK                     | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               |  | US        |      5542 | NS      | $286410.56    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA BIOLOGICS, INC.                      | ADMA BIOLOGICS INC COMMON STOCK                            | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               |  | US        |     17293 | NS      | $323379.10    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN SUPERCONDUCTOR CORPORATION       | AMERICAN SUPERCONDUCTOR CORP COMMON STOCK                  | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               |  | US        |      9595 | NS      | $545475.75    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs, Inc.                          | PROTO LABS INC COMMON STOCK                                | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               |  | US        |      6200 | NS      | $267344.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMO GROUP INC.                          | ALAMO GROUP INC COMMON STOCK                               | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               |  | US        |      1491 | NS      | $331866.78    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMON GROUP HOLDINGS, INC.              | THERMON GROUP HOLDINGS INC COMMON STOCK                    | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               |  | US        |      8781 | NS      | $248326.68    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VITAL FARMS, INC.                         | VITAL FARMS INC COMMON STOCK                               | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               |  | US        |      8384 | NS      | $311884.80    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| nLIGHT Inc                                | NLIGHT INC COMMON STOCK                                    | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               |  | US        |     12409 | NS      | $260713.09    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Olo Inc                                   | OLO INC - CLASS A COMMON STOCK                             | CUSIP: 68134L109<br>LEI: N/A                  | Long             | EC               |  | US        |     42814 | NS      | $448690.72    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE LABORATORIES INC.                    | CORE LABORATORIES INC COMMON STOCK                         | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               |  | US        |     15800 | NS      | $172852.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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