# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001752724-23-050328
**Filing Date:** 2023-3
**Character Count:** 7415
**Document Hash:** 887f791abd226300fd5784914fc00e98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050328.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050328

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22920
- **FILM NUMBER:** 23694345

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (800) 342-5734

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### FS Managed Futures Fund (Series ID: S000075544)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234729 | Class A      | FMFFX           |
| C000234730 | Class I      | FMGFX           |

## 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:** FS Managed Futures Fund

- **b. EDGAR series identifier (if any):** S000075544

- **c. LEI of Series:** 549300Y9MMA8L9J2GN76

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $5815667.30

**Total Liabilities:** $3898184.47

**Net Assets:** $1917482.83

**Cash Not Reported:** $205767.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234730 | 0.97%                | -3.03%               | 1.41%                |
| Class ID C000234729 | 0.99%                | -3.12%               | 1.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**Designated Index Information**

- **Index Name:** S&P 500 PR USD

- **Index Identifier:** SPIA_SP500_USD_PR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMORGAN SECURITIES LLC                                                                                  | JPM US Conviction Mean Reversion                  | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DE               |  | US        |      1817 | NC      | $20314.62     | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                                                                                  | GS Cross Asset Trend                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | N/A              | DE               |  | US        |      8708 | NC      | $49374.36     | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN SECURITIES LLC                                                                                  | JPM Momentum                                      | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DE               |  | US        |      4810 | NC      | $-276.09      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                                                        | Barclays Equity IDMO US Strategy                  | CUSIP: TBEFSEB05<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               |  | US        |      2927 | NC      | $-858.20      | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA GLOBAL FINANCIAL PRODUCTS, INC.                                                                   | Nomura G10 FX Mean Reversion 25x                  | CUSIP: N/A<br>LEI: 0Z3VO5H2G7GRS05BHJ91       | N/A              | DE               |  | US        |      1416 | NC      | $5820.39      | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                                                                                     | GSG ETF                                           | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DE               |  | US        |     11363 | NC      | $-16703.61    | -0.87%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Institutional Investment Trust: State Street Institutional Liquid Reserves Fund; Premier Cl | STATE ST INST LIQ RES-PREM                        | CUSIP: 85749P101<br>LEI: N/A                  | Long             | STIV             |  | US        |   1766125 | PA      | $1766200.32   | 92.11%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD.                                                                                      | US Equity Overnight Mean Reversion                | CUSIP: N/A<br>LEI: 4ZHCHI4KYZG2WVRT8631       | N/A              | DE               |  | US        |      1202 | NC      | $-1048.45     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities, Inc.                                                                           | DB Synthetic Long Vol Strategy Break-Out Momentum | CUSIP: TRS1G15C2<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DE               |  | US        |      3292 | NC      | $-5765.28     | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

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

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO