# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-005305
**Filing Date:** 2026-6
**Character Count:** 20060
**Document Hash:** 695b7fe1f366afa89038e5a2f89595d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-005305.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002048251-26-005305

**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:** 261121216

**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 Real Estate Fund (Series ID: S000066637)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214836 | I Shares     | KCRIX           |

## 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 Real Estate Fund

- **b. EDGAR series identifier (if any):** S000066637

- **c. LEI of Series:** 549300G02T1PP454QG97

**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:** $161121122.71

**Total Liabilities:** $150597.64

**Net Assets:** $160970525.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214836 | 9.02%                | -6.11%               | 7.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $140850.52               | $12916918.67                               |
| Month 2  | $-247233.58              | $-9929645.65                               |
| Month 3  | $-145415.28              | $10218565.34                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KIMCO REALTY CORPORATION.               | KIMCO REALTY CORP REIT                 | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |    101112 | NS      | $2390287.68   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP, INC.              | SIMON PROPERTY GROUP INC REIT          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     39090 | NS      | $7963023.90   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP, INC.                        | CBRE GROUP INC - A COMMON STOCK        | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               |  | US        |      8111 | NS      | $1157683.03   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC.                          | WELLTOWER INC REIT                     | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |     81604 | NS      | $17735813.36  | 11.02%            |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX, INC.                           | EQUINIX INC REIT                       | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     11637 | NS      | $12600892.71  | 7.83%             |  |  |  | No            |                  1 | On Loan: No      |
| RYMAN HOSPITALITY PROPERTIES, INC.      | RYMAN HOSPITALITY PROPERTIES REIT      | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |      8331 | NS      | $875504.79    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION              | AMERICAN TOWER CORP REIT               | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     49705 | NS      | $9081600.55   | 5.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES, INC.                   | SUN COMMUNITIES INC REIT               | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |     19758 | NS      | $2525862.72   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                    | VORNADO REALTY TRUST REIT              | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |     39933 | NS      | $1193597.37   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING COMPANY               | LAMAR ADVERTISING CO-A REIT            | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |     12731 | NS      | $1754841.04   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                      | EQUITY RESIDENTIAL REIT                | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |     38156 | NS      | $2494639.28   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT, INC.                          | NNN REIT INC REIT                      | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |     29299 | NS      | $1283003.21   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER COMPANY                    | WEYERHAEUSER CO REIT                   | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     75204 | NS      | $1844002.08   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG INDUSTRIAL, INC.                   | STAG INDUSTRIAL INC REIT               | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     17916 | NS      | $691199.28    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST, INC.     | FIRST INDUSTRIAL REALTY TR REIT        | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |     24107 | NS      | $1494875.07   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                     | BROWN BROTHERS HARRIMAN SWEEP INTEREST | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    822051 | PA      | $822050.97    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS, INC.             | HOST HOTELS & RESORTS INC REIT         | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |    132709 | NS      | $2804141.17   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTGROUP PROPERTIES, INC.              | EASTGROUP PROPERTIES INC REIT          | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     10537 | NS      | $2120044.40   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE.                         | PUBLIC STORAGE REIT                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     18610 | NS      | $5628594.50   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORPORATION             | REGENCY CENTERS CORP REIT              | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |     25793 | NS      | $2007985.05   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC.                       | CROWN CASTLE INC REIT                  | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |     48716 | NS      | $4325006.48   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                   | AMERICAN HOMES 4 RENT- A REIT          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     43241 | NS      | $1376793.44   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROPERTY GROUP INC.             | BRIXMOR PROPERTY GROUP INC REIT        | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     51473 | NS      | $1548822.57   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENT COMMUNITIES, INC. | MID-AMERICA APARTMENT COMM REIT        | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |     12067 | NS      | $1558815.06   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INCORPORATED              | IRON MOUNTAIN INC REIT                 | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |     31649 | NS      | $3987457.51   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CARETRUST REIT, INC.                    | CARETRUST REIT INC REIT                | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |     48897 | NS      | $1928986.65   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY INVESTMENT TRUST         | FEDERAL REALTY INVS TRUST REIT         | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               |  | US        |     10147 | NS      | $1125302.30   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORPORATION               | REALTY INCOME CORP REIT                | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |    115948 | NS      | $7448499.52   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                               | CUBESMART REIT                         | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     21209 | NS      | $858540.32    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES, INC.             | AVALONBAY COMMUNITIES INC REIT         | CUSIP: N/A<br>LEI: K9G90K85RBWD2LAGQX17       | Long             | EC               |  | US        |     14747 | NS      | $2698701.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST, INC.              | ESSEX PROPERTY TRUST INC REIT          | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |      6742 | NS      | $1774561.82   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS PROPERTIES, INC.              | HIGHWOODS PROPERTIES INC REIT          | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |     31173 | NS      | $757815.63    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE REALTY CORPORATION                | AGREE REALTY CORP REIT                 | CUSIP: N/A<br>LEI: 98450090H010B37OEB68       | Long             | EC               |  | US        |     21286 | NS      | $1641363.46   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE, INC.              | BROADSTONE NET LEASE INC REIT          | CUSIP: N/A<br>LEI: 549300U8D7PT70B49V21       | Long             | EC               |  | US        |     75594 | NS      | $1496761.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                             | TANGER INC REIT                        | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |     23640 | NS      | $876571.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC.                | EXTRA SPACE STORAGE INC REIT           | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     23176 | NS      | $3321816.08   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROPERTIES                 | COPT DEFENSE PROPERTIES REIT           | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |     23469 | NS      | $733406.25    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                   | CAMDEN PROPERTY TRUST REIT             | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |     16468 | NS      | $1729469.36   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS, INC.        | OMEGA HEALTHCARE INVESTORS REIT        | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |     49586 | NS      | $2329054.42   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT MEDIA INC.                     | OUTFRONT MEDIA INC REIT                | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |     35141 | NS      | $1084099.85   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYONIER INC.                           | RAYONIER INC REIT                      | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |     27567 | NS      | $584688.47    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION          | SBA COMMUNICATIONS CORP REIT           | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |     13691 | NS      | $3028449.20   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLROSE PROPERTIES, INC.               | MILLROSE PROPERTIES REIT               | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               |  | US        |     44589 | NS      | $1367544.63   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS, INC.                          | PROLOGIS INC REIT                      | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    112309 | NS      | $15950124.18  | 9.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, INC.                               | UDR INC REIT                           | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |     48938 | NS      | $1778406.92   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.       | EQUITY LIFESTYLE PROPERTIES REIT       | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |      7177 | NS      | $454232.33    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY, INC.         | REXFORD INDUSTRIAL REALTY IN REIT      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     32169 | NS      | $1154545.41   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT, INC.          | AMERICAN HEALTHCARE REIT INC REIT      | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |     29499 | NS      | $1497959.22   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, INC.                               | BXP INC REIT                           | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |     18300 | NS      | $1069818.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| W.P. CAREY INC.                         | WP CAREY INC REIT                      | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |     32170 | NS      | $2346158.10   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| XENIA HOTELS & RESORTS, INC.            | XENIA HOTELS & RESORTS INC REIT        | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               |  | US        |     39100 | NS      | $636157.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC.                   | INVITATION HOMES INC REIT              | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               |  | US        |     72388 | NS      | $2082602.76   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST, INC.              | DIGITAL REALTY TRUST INC REIT          | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     39629 | NS      | $7963051.26   | 4.95%             |  |  |  | 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