# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-005309
**Filing Date:** 2026-6
**Character Count:** 36470
**Document Hash:** 5460f80e6f517129347b508f3d46e7c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-005309.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002048251-26-005309

**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:** 261121219

**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 Small Cap Fund (Series ID: S000048266)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000152513 | I Shares       | KCSIX           |
| C000158713 | Class S Shares | KCSSX           |

## 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 Small Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000048266

- **c. LEI of Series:** 549300EE5HIH37YCEY70

**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:** $193654278.77

**Total Liabilities:** $159382.72

**Net Assets:** $193494896.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158713 | 9.08%                | -4.73%               | 3.16%                |
| Class ID C000152513 | 9.02%                | -4.68%               | 3.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3125732.70              | $12942778.44                               |
| Month 2  | $8085892.52              | $-17049218.87                              |
| Month 3  | $823149.15               | $5025916.96                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ELEMENT SOLUTIONS INC                  | ELEMENT SOLUTIONS INC COMMON STOCK                    | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               |  | US        |     18051 | NS      | $768792.09    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VERICEL CORPORATION                    | VERICEL CORP COMMON STOCK                             | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               |  | US        |     31103 | NS      | $1080207.19   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOVENTUS INC.                         | BIOVENTUS INC - A COMMON STOCK                        | CUSIP: 09075A108<br>LEI: N/A                  | Long             | EC               |  | US        |    260812 | NS      | $2574214.44   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NABORS INDUSTRIES LTD.                 | NABORS INDUSTRIES LTD COMMON STOCK                    | CUSIP: G6359F137<br>LEI: N/A                  | Long             | EC               |  | US        |     25654 | NS      | $2632356.94   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT MEDIA INC.                    | OUTFRONT MEDIA INC REIT                               | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |     75033 | NS      | $2314768.05   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BOWHEAD SPECIALTY HOLDINGS INC.        | BOWHEAD SPECIALTY HOLDINGS I COMMON STOCK             | CUSIP: 10240L102<br>LEI: N/A                  | Long             | EC               |  | US        |     62793 | NS      | $1493217.54   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEAYA Biosciences Inc                 | IDEAYA BIOSCIENCES INC COMMON STOCK                   | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               |  | US        |     35714 | NS      | $1039277.40   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| RADNET, INC.                           | RADNET INC COMMON STOCK                               | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               |  | US        |     38732 | NS      | $2190294.60   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE CONSTRUCTION INCORPORATED      | GRANITE CONSTRUCTION INC COMMON STOCK                 | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               |  | US        |     23390 | NS      | $3206067.30   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GREEN BRICK PARTNERS, INC.             | GREEN BRICK PARTNERS INC COMMON STOCK                 | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               |  | US        |     35922 | NS      | $2422579.68   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc.                             | SPIRE INC COMMON STOCK                                | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               |  | US        |     26576 | NS      | $2423199.68   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BRINK'S COMPANY                    | BRINK'S CO/THE COMMON STOCK                           | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               |  | US        |     23893 | NS      | $2550577.75   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF ENERGY INC.                        | PBF ENERGY INC-CLASS A COMMON STOCK                   | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               |  | US        |     19198 | NS      | $832425.28    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| METROPOLITAN BANK HOLDING CORP.        | METROPOLITAN BANK HOLDING CO COMMON STOCK             | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               |  | US        |     25570 | NS      | $2259109.50   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics Inc                | DENALI THERAPEUTICS INC COMMON STOCK                  | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               |  | US        |     50888 | NS      | $952623.36    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP                | VALLEY NATIONAL BANCORP COMMON STOCK                  | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               |  | US        |    224512 | NS      | $3046627.84   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AXSOME THERAPEUTICS, INC.              | AXSOME THERAPEUTICS INC COMMON STOCK                  | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               |  | US        |     17773 | NS      | $3692340.75   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVISTA HOLDINGS CORPORATION           | ENVISTA HOLDINGS CORP COMMON STOCK                    | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               |  | US        |     82157 | NS      | $2131152.58   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURN ELKAY WATER SOLUTIONS CORPORATION | Zurn Elkay Water Solutions Corporation COMMON STOCK   | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               |  | US        |     10647 | NS      | $553218.12    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp          | ADAPTIVE BIOTECHNOLOGIES COMMON STOCK                 | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               |  | US        |    163395 | NS      | $2303869.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC.                            | BELDEN INC COMMON STOCK                               | CUSIP: N/A<br>LEI: 68BKYO1JC791TTJHUE82       | Long             | EC               |  | US        |     20624 | NS      | $2319787.52   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MISTRAS GROUP, INC.                    | MISTRAS GROUP INC COMMON STOCK                        | CUSIP: 60649T107<br>LEI: 5493000CMNXVLND3FU73 | Long             | EC               |  | US        |    125753 | NS      | $2374216.64   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| URANIUM ENERGY CORP.                   | URANIUM ENERGY CORP COMMON STOCK                      | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               |  | US        |     37391 | NS      | $556751.99    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc             | RHYTHM PHARMACEUTICALS INC COMMON STOCK               | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               |  | US        |     14084 | NS      | $1145874.24   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORPORATION                    | SEMTECH CORP COMMON STOCK                             | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               |  | US        |     33786 | NS      | $3549219.30   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VIAVI SOLUTIONS INC.                   | VIAVI SOLUTIONS INC COMMON STOCK                      | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               |  | US        |     49988 | NS      | $2619371.20   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MADRIGAL PHARMACEUTICALS, INC.         | MADRIGAL PHARMACEUTICALS INC COMMON STOCK             | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               |  | US        |      3353 | NS      | $1734808.67   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                         | RED VIOLET INC COMMON STOCK                           | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               |  | US        |     26157 | NS      | $979056.51    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT, INC.         | AMERICAN HEALTHCARE REIT INC REIT                     | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |     58266 | NS      | $2958747.48   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                | KYMERA THERAPEUTICS INC COMMON STOCK                  | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               |  | US        |     14336 | NS      | $1162219.52   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTLY, INC.                           | FASTLY INC - CLASS A COMMON STOCK                     | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Long             | EC               |  | US        |     70769 | NS      | $1787271.10   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HELIOS TECHNOLOGIES, INC.              | HELIOS TECHNOLOGIES INC COMMON STOCK                  | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               |  | US        |     15593 | NS      | $1066561.20   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLIUM SE                         | CONSTELLIUM SE COMMON STOCK                           | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               |  | US        |     90792 | NS      | $2839973.76   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                      | ESSENT GROUP LTD COMMON STOCK                         | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               |  | US        |     14755 | NS      | $892972.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PHINIA INC.                            | PHINIA INC COMMON STOCK                               | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               |  | US        |     43846 | NS      | $3163488.90   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MANUFACTURING COMPANY           | MODINE MANUFACTURING CO COMMON STOCK                  | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               |  | US        |      3605 | NS      | $917941.15    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORPORATION            | HANCOCK WHITNEY CORP COMMON STOCK                     | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               |  | US        |     38313 | NS      | $2586510.63   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI INDUSTRIES INC.                    | LSI INDUSTRIES INC COMMON STOCK                       | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               |  | US        |     94986 | NS      | $2309109.66   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOT BARN HOLDINGS, INC.               | BOOT BARN HOLDINGS INC COMMON STOCK                   | CUSIP: N/A<br>LEI: 529900QE1BFMYA3N4E71       | Long             | EC               |  | US        |     14359 | NS      | $2461850.55   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics Inc              | VIRIDIAN THERAPEUTICS INC COMMON STOCK                | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               |  | US        |     52313 | NS      | $705179.24    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NewAmsterdam Pharma Company NV         | NEWAMSTERDAM PHARMA CO NV COMMON STOCK                | CUSIP: N62509109<br>LEI: 984500B6549TF6E14D36 | Long             | EC               |  | US        |     32696 | NS      | $933797.76    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL VISION HOLDINGS, INC.         | NATIONAL VISION HOLDINGS INC COMMON STOCK             | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               |  | US        |     82662 | NS      | $1919411.64   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | BROWN BROTHERS HARRIMAN SWEEP INTEREST                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   6703575 | PA      | $6703575.14   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD SECOND BANCORP, INC.               | OLD SECOND BANCORP INC COMMON STOCK                   | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               |  | US        |    118795 | NS      | $2448364.95   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRUM PHARMACEUTICALS, INC.            | MIRUM PHARMACEUTICALS INC COMMON STOCK                | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               |  | US        |     21378 | NS      | $2080293.18   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GARRETT MOTION INC.                    | GARRETT MOTION INC COMMON STOCK                       | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               |  | US        |    125334 | NS      | $3209803.74   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION    | SIX FLAGS ENTERTAINMENT CORP COMMON STOCK             | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               |  | US        |    115190 | NS      | $2163268.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                | PIPER SANDLER COS COMMON STOCK                        | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               |  | US        |     31187 | NS      | $2719506.40   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ARS Pharmaceuticals Inc                | ARS PHARMACEUTICALS INC COMMON STOCK                  | CUSIP: 82835W108<br>LEI: N/A                  | Long             | EC               |  | US        |    117537 | NS      | $970855.62    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| JFROG LTD                              | JFROG LTD COMMON STOCK                                | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               |  | US        |     12494 | NS      | $580221.36    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DAKTRONICS, INC                        | DAKTRONICS INC COMMON STOCK                           | CUSIP: 234264109<br>LEI: N/A                  | Long             | EC               |  | US        |    105297 | NS      | $2070139.02   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewise Therapeutics Inc              | EDGEWISE THERAPEUTICS INC COMMON STOCK                | CUSIP: 28036F105<br>LEI: N/A                  | Long             | EC               |  | US        |     34708 | NS      | $1074559.68   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDEX INTERNATIONAL CORPORATION      | STANDEX INTERNATIONAL CORP COMMON STOCK               | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               |  | US        |     10228 | NS      | $2792244.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS LEASE FINANCE CORPORATION       | WILLIS LEASE FINANCE CORP COMMON STOCK                | CUSIP: 970646105<br>LEI: 54930023EP1OE5MKWF89 | Long             | EC               |  | US        |     12743 | NS      | $2474053.45   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKIVA INC.                           | WORKIVA INC COMMON STOCK                              | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               |  | US        |     32109 | NS      | $1717189.32   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUREATE EDUCATION, INC.               | LAUREATE EDUCATION INC COMMON STOCK                   | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               |  | US        |     75033 | NS      | $2258118.14   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MOELIS & COMPANY                       | MOELIS & CO - CLASS A COMMON STOCK                    | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               |  | US        |     26660 | NS      | $1736099.20   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| TRONOX HOLDINGS PLC                    | TRONOX HOLDINGS PLC COMMON STOCK                      | CUSIP: G9087Q102<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               |  | US        |    185277 | NS      | $1850917.23   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED NATURAL FOODS, INC.             | UNITED NATURAL FOODS INC COMMON STOCK                 | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               |  | US        |     60529 | NS      | $3027660.58   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT MAREL CORPORATION                  | JBT MAREL CORP COMMON STOCK                           | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               |  | US        |      3437 | NS      | $405909.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SHORE BANCSHARES, INC.                 | SHORE BANCSHARES INC COMMON STOCK                     | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               |  | US        |    118208 | NS      | $2281414.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMARK GROUP, INC.                    | NEWMARK GROUP INC-CLASS A COMMON STOCK                | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               |  | US        |     81488 | NS      | $1313586.56   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED DIGITAL CORPORATION            | APPLIED DIGITAL CORP COMMON STOCK                     | CUSIP: N/A<br>LEI: 2549004NE2B6RYXINZ02       | Long             | EC               |  | US        |     41079 | NS      | $1406955.75   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON INSURANCE GROUP, LTD.         | HAMILTON INSURANCE GROU-CL B COMMON STOCK             | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               |  | US        |     81824 | NS      | $2681372.48   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.            | DIGITALOCEAN HOLDINGS INC COMMON STOCK                | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               |  | US        |     24141 | NS      | $2327916.63   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS, INC.                          | MAXIMUS INC COMMON STOCK                              | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               |  | US        |     24312 | NS      | $1595353.44   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS, INC.               | FIRSTCASH HOLDINGS INC COMMON STOCK                   | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               |  | US        |     13668 | NS      | $2982630.96   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX CORPORATION                       | GATX CORP COMMON STOCK                                | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               |  | US        |      7498 | NS      | $1469008.16   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXLINEAR, INC.                        | MAXLINEAR INC COMMON STOCK                            | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               |  | US        |     21479 | NS      | $1519639.25   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CARETRUST REIT, INC.                   | CARETRUST REIT INC REIT                               | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |     59859 | NS      | $2361437.55   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT BIOSCIENCES, INC.               | COGENT BIOSCIENCES INC COMMON STOCK                   | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               |  | US        |     35043 | NS      | $1254188.97   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CHEESECAKE FACTORY INCORPORATED    | CHEESECAKE FACTORY INC/THE COMMON STOCK               | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               |  | US        |     39067 | NS      | $2456142.29   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CIVISTA BANCSHARES, INC.               | CIVISTA BANCSHARES INC COMMON STOCK                   | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               |  | US        |    104543 | NS      | $2599984.41   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TAT TECHNOLOGIES LTD.                  | TAT TECHNOLOGIES LTD COMMON STOCK                     | CUSIP: M8740S227<br>LEI: N/A                  | Long             | EC               |  | US        |     29762 | NS      | $1092563.02   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc      | ATMUS FILTRATION TECHNOLOGIE COMMON STOCK             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               |  | US        |     36720 | NS      | $2328048.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES, INC.                 | TRI POINTE HOMES INC COMMON STOCK                     | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               |  | US        |     56002 | NS      | $2625933.78   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG BANCORP                            | OFG BANCORP COMMON STOCK                              | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               |  | US        |     22719 | NS      | $1044165.24   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED OPTOELECTRONICS, INC.          | APPLIED OPTOELECTRONICS INC COMMON STOCK              | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               |  | US        |      4527 | NS      | $744057.72    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORPORATION                        | FMC CORP COMMON STOCK                                 | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               |  | US        |     29510 | NS      | $453863.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX CORPORATION                       | IMAX CORP COMMON STOCK                                | CUSIP: N/A<br>LEI: 894500GS1ESLAPZCEI74       | Long             | EC               |  | US        |     62625 | NS      | $2381002.50   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EXCELERATE ENERGY, INC.                | EXCELERATE ENERGY INC-A COMMON STOCK                  | CUSIP: 30069T101<br>LEI: 254900J6DPU4HB368I65 | Long             | EC               |  | US        |     61978 | NS      | $2163032.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BREAD FINANCIAL HOLDINGS, INC.         | BREAD FINANCIAL HOLDINGS INC COMMON STOCK             | CUSIP: N/A<br>LEI: 549300G8S4PO686J7H97       | Long             | EC               |  | US        |      3043 | NS      | $257985.54    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWEST, INC.                          | SKYWEST INC COMMON STOCK                              | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               |  | US        |     20204 | NS      | $1659152.48   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS, INC.            | INTERNATIONAL SEAWAYS INC COMMON STOCK                | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               |  | US        |     34456 | NS      | $2858125.20   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL CORPORATION            | FIRST FINANCIAL CORP COMMON STOCK                     | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               |  | US        |     33534 | NS      | $2202177.78   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | BLUEPRINT MEDICINES CORP - CVR CONTINGENT VALUE RIGHT | CUSIP: 09627Y109<br>LEI: N/A                  | Long             | EC               |  | US        |      4287 | NS      | $0.43         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ACI WORLDWIDE, INC.                    | ACI WORLDWIDE INC COMMON STOCK                        | CUSIP: N/A<br>LEI: 5493003BPVMZUJ6F5C02       | Long             | EC               |  | US        |     44684 | NS      | $1931242.48   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENDOOR TECHNOLOGIES INC.             | OPENDOOR TECHNOLOGIES INC COMMON STOCK                | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | EC               |  | US        |     39403 | NS      | $211988.14    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CG Oncology Inc                        | CG ONCOLOGY INC COMMON STOCK                          | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               |  | US        |     20959 | NS      | $1398803.66   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELIS INSURANCE HOLDINGS LIMITED     | FIDELIS INSURANCE HOLDINGS L COMMON STOCK             | CUSIP: G3398L118<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | EC               |  | US        |     66314 | NS      | $1401214.82   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| LIMBACH HOLDINGS, INC.                 | LIMBACH HOLDINGS INC COMMON STOCK                     | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               |  | US        |     15090 | NS      | $1505529.30   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                            | TANGER INC REIT                                       | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |     66901 | NS      | $2480689.08   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc              | PALVELLA THERAPEUTICS INC COMMON STOCK                | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               |  | US        |      6958 | NS      | $892850.56    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLE PUBLIC LIMITED COMPANY            | DOLE PLC COMMON STOCK                                 | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               |  | US        |    163525 | NS      | $2482309.50   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                  | NEWMARKET CORP COMMON STOCK                           | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               |  | US        |      1174 | NS      | $793177.88    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS HOLDINGS, INC.           | SOUTHWEST GAS HOLDINGS INC COMMON STOCK               | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               |  | US        |     20540 | NS      | $1931787.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY ENERGY INC.                    | Liberty Energy Inc COMMON STOCK                       | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               |  | US        |     94315 | NS      | $3186903.85   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings, S.A.                    | COPA HOLDINGS SA-CLASS A COMMON STOCK                 | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               |  | US        |     16599 | NS      | $1920172.32   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE FINANCIAL SERVICES CORP     | ENTERPRISE FINANCIAL SERVICE COMMON STOCK             | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               |  | US        |     17605 | NS      | $1017921.10   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BANKUNITED, INC.                       | BANKUNITED INC COMMON STOCK                           | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               |  | US        |     51068 | NS      | $2373640.64   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield Ltd.               | CUSHMAN & WAKEFIELD LTD COMMON STOCK                  | CUSIP: G2717C106<br>LEI: N/A                  | Long             | EC               |  | US        |    157108 | NS      | $2205796.32   | 1.14%             |  |  |  | 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