# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-001404
**Filing Date:** 2026-2
**Character Count:** 23948
**Document Hash:** 7598bf80b315e73eff2e2e9f9556bc49
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-001404.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0002048251-26-001404

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**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:** 26695489

**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

### ARGA INTERNATIONAL VALUE FUND (Series ID: S000071563)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000226877 | Institutional Shares | ARVIX           |

## 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:** ARGA International Value Fund

- **b. EDGAR series identifier (if any):** S000071563

- **c. LEI of Series:** 54930038PKDSI2AYT567

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $125029880.70

**Total Liabilities:** $1323475.02

**Net Assets:** $123706405.68

**Cash Not Reported:** $32467.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226877 | 4.85%                | 1.56%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1757013.47              | $3998846.27                                |
| Month 2  | $548500.17               | $1253491.41                                |
| Month 3  | $986375.45               | $-583886.91                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO Bank N.V.                               | ABN AMRO BANK NV-CVA DEPOSITARY RECEIPT        | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               |  | NL        |     41078 | NS      | $1435218.12   | 1.16%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Adecco Group AG                                  | ADECCO GROUP AG-REG COMMON STOCK               | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               |  | CH        |     30845 | NS      | $888336.12    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBEV S.A.                                       | AMBEV SA COMMON STOCK                          | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               |  | BR        |    364658 | NS      | $922334.03    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCA MONTE DEI PASCHI DI SIENA S.P.A.           | BANCA MONTE DEI PASCHI SIENA COMMON STOCK      | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               |  | IT        |    138491 | NS      | $1474539.51   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.            | BANCO BILBAO VIZCAYA ARGENTA COMMON STOCK      | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               |  | ES        |    145255 | NS      | $3407274.46   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco S.A.                              | BANCO BRADESCO-ADR DEPOSITARY RECEIPT          | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               |  | US        |    403900 | NS      | $1344987.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil S.A.                             | BANCO DO BRASIL S.A. COMMON STOCK              | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               |  | BR        |    188400 | NS      | $753634.38    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                            | BANCO SANTANDER SA COMMON STOCK                | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               |  | ES        |    237428 | NS      | $2794640.73   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Rakyat Indonesia (Persero) Tbk           | BANK RAKYAT INDONESIA PERSER COMMON STOCK      | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               |  | ID        |   9464700 | NS      | $2072834.75   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer Aktiengesellschaft                         | BAYER AG-REG COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               |  | DE        |     40173 | NS      | $1742532.39   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke Aktiengesellschaft      | BAYERISCHE MOTOREN WERKE AG COMMON STOCK       | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               |  | DE        |     11879 | NS      | $1288102.27   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                       | BOLIDEN AB COMMON STOCK                        | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               |  | SE        |     48173 | NS      | $2668604.75   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SE                                     | CAPGEMINI SE COMMON STOCK                      | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               |  | FR        |     12664 | NS      | $2102832.35   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS LAND & INVESTMENT LTD.            | CHINA OVERSEAS LAND & INVEST COMMON STOCK      | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               |  | HK        |   1125804 | NS      | $1777932.19   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental Aktiengesellschaft                   | CONTINENTAL AG COMMON STOCK                    | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               |  | DE        |     13269 | NS      | $1053065.78   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DAITO TRUST CONSTRUCTION CO.,LTD.                | DAITO TRUST CONSTRUCT CO LTD COMMON STOCK      | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               |  | JP        |     55900 | NS      | $1064446.46   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr. Ing. h.c. F. Porsche Aktiengesellschaft      | Dr Ing hc F Porsche AG PREFERRED STOCK         | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EP               |  | DE        |     22862 | NS      | $1217681.94   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                      | EQUINOR ASA COMMON STOCK                       | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               |  | NO        |    100984 | NS      | $2381387.20   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: DKK/USD SETTLE 2026-01-02 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | DK        |         1 | NC      | $-758.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: DKK/USD SETTLE 2026-01-05 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | DK        |         1 | NC      | $-210.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: USD/CAD SETTLE 2026-01-02 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $91.10        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: USD/SEK SETTLE 2026-01-02 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $136.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                    | FX Forward Contract: USD/SEK SETTLE 2026-01-05 | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $161.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Limited               | GALAXY ENTERTAINMENT GROUP L COMMON STOCK      | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               |  | HK        |    235000 | NS      | $1158742.22   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE PLC                                     | GLENCORE PLC COMMON STOCK                      | CUSIP: G39420107<br>LEI: 2138002658CPO9NBH955 | Long             | EC               |  | GB        |    454830 | NS      | $2486392.35   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                          | GSK PLC COMMON STOCK                           | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               |  | GB        |     53423 | NS      | $1309778.48   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU S.A.                                      | Gerdau SA PREFERRED STOCK                      | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EP               |  | BR        |    721168 | NS      | $2683446.42   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                | HSBC HOLDINGS PLC COMMON STOCK                 | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               |  | GB        |    182833 | NS      | $2877038.82   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOBIS CO.,LTD                            | HYUNDAI MOBIS CO LTD COMMON STOCK              | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               |  | KR        |     11256 | NS      | $2920722.46   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                         | INFINEON TECHNOLOGIES AG COMMON STOCK          | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               |  | DE        |     83795 | NS      | $3656052.11   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Gruppe AG                            | JULIUS BAER GROUP LTD COMMON STOCK             | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               |  | CH        |     33440 | NS      | $2612694.85   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KERING SA                                        | KERING COMMON STOCK                            | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               |  | FR        |     16633 | NS      | $5812192.25   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobe Steel, Ltd.                                 | KOBE STEEL LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: 549300ZDCYYUPHEE5K87       | Long             | EC               |  | JP        |    107300 | NS      | $1417840.42   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co., Ltd.                        | KWEICHOW MOUTAI CO LTD-A COMMON STOCK          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |      5900 | NS      | $1163385.59   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP.                            | LAS VEGAS SANDS CORP COMMON STOCK              | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               |  | US        |     52319 | NS      | $3405443.71   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                                   | LI NING CO LTD COMMON STOCK                    | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               |  | HK        |   1054000 | NS      | $2532571.71   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lojas Renner S.A.                                | LOJAS RENNER S.A. COMMON STOCK                 | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               |  | BR        |    687650 | NS      | $1687831.11   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc.                         | MAGNA INTERNATIONAL INC COMMON STOCK           | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               |  | CA        |     50457 | NS      | $2689839.12   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MELCO RESORTS & ENTERTAINMENT LIMITED            | MELCO RESORTS & ENTERT-ADR DEPOSITARY RECEIPT  | CUSIP: 585464100<br>LEI: 529900NRV6LBR3T6B421 | Long             | EC               |  | US        |    153843 | NS      | $1164591.51   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                           | MERCEDES-BENZ GROUP AG COMMON STOCK            | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               |  | DE        |     17198 | NS      | $1192199.94   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co., Ltd.                   | MURATA MANUFACTURING CO LTD COMMON STOCK       | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               |  | JP        |    179600 | NS      | $3711964.88   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NIDEC CORPORATION                                | NIDEC CORP COMMON STOCK                        | CUSIP: N/A<br>LEI: 353800IF171MZTNL6Y31       | Long             | EC               |  | JP        |    466900 | NS      | $6339576.83   | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                        | NOKIA OYJ COMMON STOCK                         | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               |  | FI        |    520545 | NS      | $3355987.73   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                 | NOVO NORDISK A/S-B COMMON STOCK                | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               |  | DK        |     48722 | NS      | $2471105.73   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                                     | NUTRIEN LTD COMMON STOCK                       | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               |  | CA        |     58441 | NS      | $3607243.10   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PERNOD RICARD SA                                 | PERNOD RICARD SA COMMON STOCK                  | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               |  | FR        |     11306 | NS      | $968090.27    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd. | PING AN INSURANCE GROUP CO-H COMMON STOCK      | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               |  | HK        |    242627 | NS      | $2037995.19   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL PUBLIC LIMITED COMPANY                | PRUDENTIAL PLC COMMON STOCK                    | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               |  | GB        |    188620 | NS      | $2901545.47   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                      | QBE INSURANCE GROUP LTD COMMON STOCK           | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               |  | AU        |    187924 | NS      | $2488016.26   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad N.V.                                    | RANDSTAD NV COMMON STOCK                       | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               |  | NL        |     23314 | NS      | $885116.49    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SAIPEM S.P.A.                                    | SAIPEM SPA COMMON STOCK                        | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               |  | IT        |    256601 | NS      | $726436.37    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                    | SAMSUNG ELECTRONICS CO LTD COMMON STOCK        | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               |  | KR        |     66995 | NS      | $5615179.11   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDS CHINA LTD.                                 | SANDS CHINA LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               |  | HK        |   1300800 | NS      | $3281168.59   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED    | SHENZHOU INTERNATIONAL GROUP COMMON STOCK      | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               |  | HK        |    154800 | NS      | $1219802.68   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                  | SHINHAN FINANCIAL GROUP LTD COMMON STOCK       | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               |  | KR        |     22519 | NS      | $1199131.71   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                          | STMICROELECTRONICS NV COMMON STOCK             | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               |  | FR        |    211125 | NS      | $5517769.68   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN HUNG KAI PROPERTIES LIMITED                  | SUN HUNG KAI PROPERTIES COMMON STOCK           | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               |  | HK        |    108000 | NS      | $1315039.10   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPERFORMANCE SE                               | TELEPERFORMANCE COMMON STOCK                   | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               |  | FR        |      4756 | NS      | $344190.72    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TONGWEI CO.,LTD                                  | TONGWEI CO LTD-A COMMON STOCK                  | CUSIP: N/A<br>LEI: 3003009CW4QYMCG0BH89       | Long             | EC               |  | CN        |    392300 | NS      | $1151993.86   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LIMITED                           | TRIP.COM GROUP LTD-ADR DEPOSITARY RECEIPT      | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               |  | US        |     15299 | NS      | $1100151.09   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITBREAD PLC                                    | WHITBREAD PLC COMMON STOCK                     | CUSIP: N/A<br>LEI: 21380099VMZKRMN3EX36       | Long             | EC               |  | GB        |     31113 | NS      | $1066399.95   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Yongxing Special Materials Technology Co.,Ltd.   | YONGXING SPECIAL MATERIALS-A COMMON STOCK      | CUSIP: N/A<br>LEI: 300300ULJO6T9VWWOQ73       | Long             | EC               |  | CN        |    236200 | NS      | $1834704.99   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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