# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-004716
**Filing Date:** 2026-6
**Character Count:** 14321
**Document Hash:** 00820aab35b3e376f177a9a2a97967d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-004716.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0002048251-26-004716

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**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:** 261047883

**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

### Redwheel Next Generation Power Infrastructure Fund (Series ID: S000087882)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000253897 | A Class             | ECOAX           |
| C000253898 | Institutional Class | ECOIX           |

## 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:** Redwheel Next Generation Power Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000087882

- **c. LEI of Series:** 529900147OS98H2Z7O29

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $233951464.63

**Total Liabilities:** $167328.15

**Net Assets:** $233784136.48

**Cash Not Reported:** $139.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253898 | -3.18%               | 4.68%                | 4.13%                |
| Class ID C000253897 | -8.51%               | -1.03%               | -1.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1013567.31              | $-8850361.21                               |
| Month 2  | $797931.01               | $9527990.56                                |
| Month 3  | $580878.38               | $8260697.53                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ENGIE SA                                       | ENGIE COMMON STOCK                              | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               |  | FR        |    218726 | NS      | $7026762.39   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LONGYUAN POWER GROUP CORPORATION LIMITED | CHINA LONGYUAN POWER GROUP-H COMMON STOCK       | CUSIP: N/A<br>LEI: 5299008UYLF3O6V9T464       | Long             | EC               |  | HK        |   4769898 | NS      | $4366700.41   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                          | DOMINION ENERGY INC COMMON STOCK                | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               |  | US        |    178051 | NS      | $11007112.82  | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                             | EXELON CORP COMMON STOCK                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               |  | US        |    193392 | NS      | $9480075.84   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL - SPA                                     | ENEL SPA COMMON STOCK                           | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               |  | IT        |    874328 | NS      | $9528747.70   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ORMAT TECHNOLOGIES, INC.                       | ORMAT TECHNOLOGIES INC COMMON STOCK             | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               |  | US        |     66135 | NS      | $7401829.20   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                           | NEXTERA ENERGY INC COMMON STOCK                 | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               |  | US        |    130674 | NS      | $12137001.12  | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.              | CONSTELLATION ENERGY COMMON STOCK               | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               |  | US        |     31096 | NS      | $8683558.00   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BKW AG                                         | BKW AG COMMON STOCK                             | CUSIP: N/A<br>LEI: 549300IE30SKTUO98Q38       | Long             | EC               |  | CH        |     57334 | NS      | $11248388.60  | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMBCORP INDUSTRIES LTD                        | SEMBCORP INDUSTRIES LTD COMMON STOCK            | CUSIP: N/A<br>LEI: 254900J0FF14U6TPQM96       | Long             | EC               |  | SG        |   1483100 | NS      | $7675414.67   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAX GROUP PLC                                 | DRAX GROUP PLC COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               |  | GB        |    605268 | NS      | $7126460.81   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis, S.A.                           | EDP RENOVAVEIS SA COMMON STOCK                  | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               |  | PT        |    919453 | NS      | $14690419.14  | 6.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENCOAT UK WIND PLC                          | GREENCOAT UK WIND PLC MUTUAL FUND               | CUSIP: N/A<br>LEI: 213800ZPBBK8H51RX165       | Long             | EC               |  | GB        |   3564680 | NS      | $4559736.79   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.              | ALGONQUIN POWER & UTILITIES COMMON STOCK        | CUSIP: N/A<br>LEI: 549300K5VIUTJXQL7X75       | Long             | EC               |  | US        |   1456754 | NS      | $8944469.56   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BORALEX INC.                                   | BORALEX INC -A COMMON STOCK                     | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               |  | CA        |    146880 | NS      | $3856317.01   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| RENOVA, Inc.                                   | RENOVA INC COMMON STOCK                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |   1076705 | NS      | $5802065.50   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ELIA GROUP SA                                  | ELIA GROUP SA/NV COMMON STOCK                   | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               |  | BE        |     31363 | NS      | $4802145.33   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RENEW ENERGY GLOBAL PLC                        | RENEW ENERGY GLOBAL PLC-A COMMON STOCK          | CUSIP: G7500M104<br>LEI: 254900SL77LA2KAG7R65 | Long             | EC               |  | US        |   2140815 | NS      | $9804932.70   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | BROWN BROTHERS HARRIMAN SWEEP INTEREST          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   7123187 | PA      | $7123186.63   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY, INC.                          | CLEARWAY ENERGY INC-C COMMON STOCK              | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               |  | US        |    317152 | NS      | $12460902.08  | 5.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISTA CORPORATION                             | AVISTA CORP COMMON STOCK                        | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               |  | US        |    131071 | NS      | $5261189.94   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                        | E.ON SE COMMON STOCK                            | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               |  | DE        |    121153 | NS      | $2645064.40   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| China Suntien Green Energy Corporation Limited | CHINA SUNTIEN GREEN ENERGY-H COMMON STOCK       | CUSIP: N/A<br>LEI: 529900JAYC5BYZPWOK13       | Long             | EC               |  | HK        |   6626782 | NS      | $3314060.42   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED   | PUBLIC SERVICE ENTERPRISE GP COMMON STOCK       | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               |  | US        |     92503 | NS      | $7488117.85   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Transmissora Alianca de Energia Eletrica S/A   | TRANSMISSORA ALIANCA DE-UNIT UNIT               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |    554300 | NS      | $4556937.35   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ERG S.P.A.                                     | ERG SPA COMMON STOCK                            | CUSIP: N/A<br>LEI: 8156004604684CA44A90       | Long             | EC               |  | IT        |    381984 | NS      | $9721835.21   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                              | NATIONAL GRID PLC COMMON STOCK                  | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               |  | GB        |    459691 | NS      | $7730926.98   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| XINYI ENERGY HOLDINGS LIMITED                  | XINYI ENERGY HOLDINGS LTD COMMON STOCK          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | HK        |   6766780 | NS      | $1032995.13   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNRUN INC.                                    | SUNRUN INC COMMON STOCK                         | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               |  | US        |    280166 | NS      | $3799050.96   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                                | IBERDROLA SA COMMON STOCK                       | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               |  | ES        |    372701 | NS      | $8505781.88   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHLAND POWER INC                            | NORTHLAND POWER INC COMMON STOCK                | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               |  | CA        |    244364 | NS      | $4086887.44   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners L.P.             | BROOKFIELD RENEWABLE PARTNER PARTNERSHIP SHARES | CUSIP: G16258108<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               |  | US        |    218451 | NS      | $7130240.64   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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