Advisors' Inner Circle Fund III NPORTP Knights of Columbus Small Cap Equity Fund (Jul 2024 report)

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LIMITED DURATION FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
U.S. TREASURY OBLIGATIONS — 45.1%
	Face Amount		Value
U.S. Treasury Notes
4.625%, 11/15/26	$	40,000,000	$	40,367,188
4.375%, 08/15/26		23,500,000		23,545,898
3.875%, 12/31/27		5,000,000		4,977,539
3.625%, 05/15/26		18,500,000		18,270,195

Total U.S. Treasury Obligations
(Cost $86,571,318)				87,160,820
CORPORATE OBLIGATIONS — 29.6%

COMMUNICATION SERVICES — 1.0%
TELUS
3.700%, 09/15/27		765,000		739,688
T-Mobile USA
2.625%, 04/15/26		550,000		528,719
Warnermedia Holdings
6.412%, 03/15/26		600,000		599,970

				1,868,377

CONSUMER DISCRETIONARY — 1.7%
Daimler Truck Finance North America
2.000%, 12/14/26(A)		910,000		852,873
Ford Motor Credit
5.850%, 05/17/27		985,000		995,408
Mercedes-Benz Finance North America
4.800%, 03/30/26(A)		550,000		549,515
Toll Brothers Finance
4.350%, 02/15/28		985,000		964,346

				3,362,142

CONSUMER STAPLES — 2.4%
7-Eleven
0.950%, 02/10/26(A)		975,000		917,696
Alimentation Couche-Tard
3.550%, 07/26/27(A)		1,000,000		965,608
Conagra Brands
1.375%, 11/01/27		1,088,000		974,939
JBS USA Holding Lux Sarl
2.500%, 01/15/27		985,000		924,406
McCormick
0.900%, 02/15/26		975,000		917,074

				4,699,723

ENERGY — 4.0%
BP Capital Markets America
5.017%, 11/17/27		987,000		1,000,871
Canadian Natural Resources
3.850%, 06/01/27		975,000		949,640
Energy Transfer
4.400%, 03/15/27		990,000		978,514
EnLink Midstream Partners
4.850%, 07/15/26		975,000		963,233
Marathon Oil
4.400%, 07/15/27		950,000		941,693

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
ENERGY — continued
MPLX
4.250%, 12/01/27	$	980,000	$	958,619
Schlumberger Holdings
5.000%, 05/29/27(A)		980,000		987,280
Western Midstream Operating
4.500%, 03/01/28		300,000		293,241
3.950%, 06/01/25		673,000		662,916

				7,736,007

FINANCIALS — 4.3%
Bank of America MTN
4.183%, 11/25/27		975,000		953,771
BlackRock TCP Capital
3.900%, 08/23/24		1,140,000		1,138,211
Blackstone Private Credit Fund
3.250%, 03/15/27		1,039,000		972,935
Eaton Vance
3.500%, 04/06/27		1,010,000		978,736
Fidelity National Information Services
1.150%, 03/01/26		580,000		547,422
Franklin BSP Capital
4.850%, 12/15/24(A)		628,000		622,848
Goldman Sachs Group
6.165%, SOFRRATE + 0.790%, 12/09/26(B)		957,000		958,177
Morgan Stanley MTN
3.950%, 04/23/27		975,000		950,940
Principal Life Global Funding II
1.375%, 01/10/25(A)		651,000		639,509
Sixth Street Specialty Lending
3.875%, 11/01/24		575,000		572,150

				8,334,699

HEALTH CARE — 1.1%
Baxter International
2.600%, 08/15/26		710,000		678,973
Icon Investments Six DAC
5.809%, 05/08/27		751,000		766,101
Zimmer Biomet Holdings
3.050%, 01/15/26		610,000		593,824

				2,038,898

INDUSTRIALS — 3.3%
Georgia-Pacific
0.950%, 05/15/26(A)		575,000		538,170
Howmet Aerospace
6.750%, 01/15/28		925,000		974,407
Hubbell
3.350%, 03/01/26		915,000		891,968
Ingersoll Rand
5.197%, 06/15/27		985,000		998,078
Johnson Controls International
3.900%, 02/14/26		575,000		566,073
Owens Corning
5.500%, 06/15/27		985,000		1,004,136

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LIMITED DURATION FUND
	JULY 31, 2024
	(Unaudited)

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
INDUSTRIALS — continued
Regal Rexnord
6.050%, 02/15/26	$	915,000	$	922,109
Westinghouse Air Brake Technologies
3.450%, 11/15/26		600,000		580,828

				6,475,769

INFORMATION TECHNOLOGY — 2.9%
Amphenol
4.750%, 03/30/26		915,000		914,396
Broadcom
3.459%, 09/15/26		900,000		876,313
Renesas Electronics
2.170%, 11/25/26(A)		1,000,000		934,610
Roper Technologies
3.800%, 12/15/26		960,000		938,534
Teledyne Technologies
1.600%, 04/01/26		975,000		921,290
Vontier
1.800%, 04/01/26		1,090,000		1,028,758

				5,613,901

MATERIALS — 4.1%
Berry Global
1.570%, 01/15/26		565,000		536,985
Celanese US Holdings
6.165%, 07/15/27		950,000		975,467
Glencore Funding
5.338%, 04/04/27(A)		950,000		959,372
Nutrien
5.200%, 06/21/27		935,000		944,925
RPM International
3.750%, 03/15/27		962,000		933,820
Sherwin-Williams
3.950%, 01/15/26		915,000		902,075
Sonoco Products
1.800%, 02/01/25		651,000		638,385
Steel Dynamics
5.000%, 12/15/26		525,000		524,631
Westlake
3.600%, 08/15/26		625,000		609,376
WRKCo
3.900%, 06/01/28		840,000		811,596

				7,836,632

REAL ESTATE — 2.7%
American Tower
3.375%, 10/15/26		845,000		816,858
Crown Castle
3.650%, 09/01/27		970,000		935,639
Kite Realty Group
4.000%, 10/01/26		985,000		960,496
Public Storage Operating
6.084%, SOFRINDX + 0.700%, 04/16/27(B)		975,000		978,003

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
REAL ESTATE — continued
Store Capital
4.500%, 03/15/28	$	1,000,000	$	966,759
Vornado Realty
3.500%, 01/15/25		516,000		510,367

				5,168,122

UTILITIES — 2.1%
Alliant Energy Finance
5.400%, 06/06/27(A)		955,000		968,212
Black Hills
1.037%, 08/23/24		1,226,000		1,222,277
Georgia Power
5.004%, 02/23/27		960,000		969,360
NextEra Energy Capital Holdings
1.875%, 01/15/27		1,010,000		942,155

				4,102,004

Total Corporate Obligations
(Cost $56,889,538)				57,236,274
ASSET-BACKED SECURITIES — 15.4%

Automotive — 2.4%
BOF VII AL Funding Trust I, Ser 2023-CAR3, Cl A2
6.291%, 07/26/32 (A)		807,076		814,991
Flagship Credit Auto Trust, Ser 2021-3, Cl C
1.460%, 09/15/27 (A)		1,000,000		963,548
Santander Drive Auto Receivables Trust, Ser 2021-2, Cl D
1.350%, 07/15/27		1,072,049		1,046,965
Santander Drive Auto Receivables Trust, Ser 2021-3, Cl D
1.330%, 09/15/27		862,222		841,154
Santander Drive Auto Receivables Trust, Ser 2022-2, Cl C
3.760%, 07/16/29		1,000,000		976,917
				4,643,575
Other ABS — 13.0%
Affirm Asset Securitization Trust, Ser 2023-B, Cl 1A
6.820%, 09/15/28 (A)		950,000		965,688
Affirm Asset Securitization Trust, Ser 2024-X1, Cl A
6.270%, 05/15/29 (A)		627,510		628,570
Blackbird Capital Aircraft Lease Securitization, Ser 2016-1A, Cl A
4.213%, 12/16/41 (A)(C)		187,431		185,876
Blackrock Mount Adams CLO IX, Ser 2021-9A, Cl A1
6.979%, TSFR3M + 1.632%, 09/22/31 (A)(B)		177,458		177,435
BX Commercial Mortgage Trust, Ser 2021-VOLT, Cl C
6.543%, TSFR1M + 1.214%, 09/15/36 (A)(B)		1,100,000		1,076,625

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LIMITED DURATION FUND
	JULY 31, 2024
	(Unaudited)

ASSET-BACKED SECURITIES — continued
	Face Amount		Value
Other ABS — continued
California Street CLO IX, Ser 2021-9A, Cl AR3
6.648%, TSFR3M + 1.362%, 07/16/32 (A)(B)	$	592,000	$	592,359
Carlyle US CLO, Ser 2021-2A, Cl A1R
6.683%, TSFR3M + 1.382%, 07/15/32 (A)(B)		950,000		951,647
Cerberus Loan Funding XLVII, Ser 2024-3A, Cl A
7.082%, TSFR3M + 1.750%, 07/15/36 (A)(B)		785,000		784,516
Churchill MMSLF CLO-I, Ser 2021-2A, Cl A
7.030%, TSFR3M + 1.712%, 10/01/32 (A)(B)		1,113,000		1,113,327
Dryden LXXII CLO, Ser 2021-72A, Cl AR
6.664%, TSFR3M + 1.342%, 05/15/32 (A)(B)		950,000		951,203
Fortress Credit Opportunities XI CLO, Ser 2018-11A, Cl A1T
6.863%, TSFR3M + 1.562%, 04/15/31 (A)(B)		400,974		400,780
Fortress Credit Opportunities XVII CLO, Ser 2022-17A, Cl B
7.251%, TSFR3M + 1.950%, 01/15/30 (A)(B)		637,000		636,582
Golub Capital Partners CLO, Ser 2022-30A, Cl AR2
6.938%, TSFR3M + 1.620%, 04/20/34 (A)(B)		450,000		449,762
Gracie Point International Funding, Ser 2023-1A, Cl A
7.299%, SOFR90A + 1.950%, 09/01/26 (A)(B)		785,775		791,223
Guggenheim MM CLO, Ser 2021-3A, Cl A
7.094%, TSFR3M + 1.812%, 01/21/34 (A)(B)		365,000		365,368
KKR Lending Partners III CLO, Ser 2021-1A, Cl B
7.444%, TSFR3M + 2.162%, 10/20/30 (A)(B)		592,000		591,788
MCF CLO VIII, Ser 2024-1A, Cl AR
7.249%, TSFR3M + 1.950%, 04/18/36 (A)(B)		950,000		951,395
Mercury Financial Credit Card Master Trust, Ser 2023-1A, Cl A
8.040%, 09/20/27 (A)		950,000		956,165
Monroe Capital Mml Clo XI, Ser 2021-1A, Cl A1
7.137%, TSFR3M + 1.812%, 05/20/33 (A)(B)		925,000		926,243

ASSET-BACKED SECURITIES — continued
	Face Amount		Value
Other ABS — continued
Nassau, Ser 2017-IIA, Cl AF
3.380%, 01/15/30 (A)	$	44,843	$	44,270
Nelnet Student Loan Trust, Ser 2014-2A, Cl A3
6.312%, SOFR30A + 0.964%, 07/27/37 (A)(B)		831,905		831,577
Oak Street Investment Grade Net Lease Fund Series, Ser 2021-2A, Cl A3
2.850%, 11/20/51 (A)		1,610,000		1,434,453
Pagaya AI Debt Grantor Trust, Ser 2024-5, Cl A
6.278%, 10/15/31 (A)		769,582		771,919
Pagaya AI Debt Trust, Ser 2024-2, Cl A
6.319%, 08/15/31 (A)		686,291		689,028
PSBDC 1A A, Ser 2024-1A, Cl A
6.925%, TSFR3M + 1.600%, 07/15/37 (A)(B)		950,000		949,552
RIN II, Ser 2019-1A, Cl A
7.246%, TSFR3M + 1.912%, 09/10/30 (A)(B)		352,880		353,353
SLM Student Loan Trust, Ser 2006-10, Cl A6
5.771%, SOFR90A + 0.412%, 03/25/44 (B)		966,254		943,354
Spirit Airlines Pass Through Trust, Ser 2015-1A
4.100%, 04/01/28		978,450		911,117
TCW CLO, Ser 2022-2A, Cl A1R
6.562%, TSFR3M + 1.280%, 10/20/32 (A)(B)		1,300,000		1,302,379
Trinitas CLO XIV, Ser 2024-14A, Cl A2R
6.825%, TSFR3M + 1.540%, 01/25/34 (A)(B)		940,000		940,583
Twin Brook CLO, Ser 2024-1A, Cl A
7.192%, TSFR3M + 1.900%, 07/20/36 (A)(B)		750,000		750,000
Venture XXXVIII CLO, Ser 2021-38A, Cl A1R
6.677%, TSFR3M + 1.422%, 07/30/32 (A)(B)		1,275,000		1,277,856
Wellfleet CLO, Ser 2021-1A, Cl BR4
7.094%, TSFR3M + 1.812%, 07/20/29 (A)(B)		301,696		301,705
Willis Engine Structured Trust IV, Ser 2018-A, Cl A
4.750%, 09/15/43 (A)(C)		176,998		172,573
				25,170,271
Total Asset-Backed Securities
(Cost $29,659,031)				29,813,846

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LIMITED DURATION FUND
	JULY 31, 2024
	(Unaudited)

MORTGAGE-BACKED SECURITIES — 7.9%
	Face Amount		Value
Agency Mortgage-Backed Obligations — 4.6%
FHLMC, Ser 2020-5019, Cl DA
2.000%, 05/25/41	$	2,815,818	$	2,637,161
FHLMC, Ser 2020-5036, Cl AB
2.000%, 05/25/41		2,928,858		2,713,420
GNMA, Ser 2022-212, Cl HP
5.000%, 06/20/43		3,644,760		3,640,594
				8,991,175
Non-Agency Mortgage-Backed Obligations — 3.3%
Chase Home Lending Mortgage Trust, Ser 2024-5, Cl A6
6.000%, 04/25/55 (A)(B)		767,148		768,795
Citigroup Mortgage Loan Trust, Ser 2024-1, Cl A7A
6.000%, 07/25/54 (A)(B)		650,000		650,065
COLT Mortgage Loan Trust, Ser 2021-2R, Cl A2
1.106%, 07/27/54 (A)		100,318		88,338
FREMF Mortgage Trust, Ser 2015-K48, Cl C
3.646%, 08/25/48 (A)(B)		718,000		701,949
FREMF Mortgage Trust, Ser 2017-K729, Cl B
3.659%, 11/25/49 (A)(B)		750,000		743,886
GS Mortgage-Backed Securities Trust, Ser 2022-PJ2, Cl A7
2.500%, 06/25/52 (A)(B)		898,240		832,937
GS Mortgage-Backed Securities Trust, Ser 2022-PJ3, Cl A7
2.500%, 08/25/52 (A)(B)		811,771		750,867
JP Morgan Mortgage Trust, Ser 2014-IVR6, Cl AM
6.767%, 07/25/44 (A)(B)		627		625
JP Morgan Mortgage Trust, Ser 2022-4, Cl A12
3.000%, 10/25/52 (A)(B)		958,031		899,816
Sequoia Mortgage Trust, Ser 2013-4, Cl B3
3.436%, 04/25/43 (B)		59,839		56,724
Sequoia Mortgage Trust, Ser 2024-5, Cl A11
6.000%, 06/25/54 (A)(B)		743,756		746,615
Verus Securitization Trust, Ser 2021-1, Cl A2
1.052%, 01/25/66 (A)(B)		151,470		134,133
				6,374,750
Total Mortgage-Backed Securities
(Cost $15,568,397)				15,365,925
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS — 0.0%

FHLMC
6.000%, 01/01/37		790		806
6.000%, 11/01/37		975		1,003
5.500%, 07/01/34		918		938
4.000%, 03/01/39		2,524		2,422

U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS — continued
	Face Amount		Value
FNMA
6.000%, 05/01/36	$	225	$	234
6.000%, 08/01/36		247		258
5.500%, 07/01/38		1,412		1,435
GNMA
6.000%, 03/15/32		446		465
6.000%, 09/15/33		3,656		3,717
6.000%, 09/15/37		1,465		1,529
5.500%, 06/15/38		675		692
5.000%, 06/15/33		825		837

Total U.S. Government Agency Mortgage-Backed Obligations
(Cost $15,387)				14,336
Total Investments in Securities— 98.0%
(Cost $188,703,671)			$	189,591,201

Percentages are based on Net Assets of $193,455,017.

(A)	Securities sold within the terms of a private placement memorandum, exempt from registration under section 144A of the Securities Act of 1933, as amended, and maybe sold only to dealers in the program or other "accredited investors". The total value of these securities at July 31, 2024 was $40,348,058 and represented 20.9% of Net Assets.
(B)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(C)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund’s most recent financial statements.

See "Glossary" for abbreviations.

KOC-QH-002-1900

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	CORE BOND FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
U.S. TREASURY OBLIGATIONS — 36.5%
	Face Amount		Value
U.S. Treasury Bonds
4.000%, 11/15/42	$	4,150,000	$	3,945,742
4.000%, 11/15/52		5,500,000		5,173,867
3.750%, 08/15/41		6,900,000		6,432,633
3.000%, 05/15/45		2,975,000		2,389,529
3.000%, 08/15/52		250,000		194,316
2.875%, 05/15/52		4,500,000		3,408,047
2.250%, 08/15/46		4,750,000		3,276,016
1.875%, 11/15/51		2,250,000		1,350,439
1.250%, 05/15/50		1,850,000		950,076
U.S. Treasury Notes
4.625%, 06/30/26		3,000,000		3,017,461
4.125%, 11/15/32		2,750,000		2,771,055
3.875%, 01/15/26		6,800,000		6,739,969
3.875%, 12/31/27		10,750,000		10,701,709
3.875%, 09/30/29		1,500,000		1,494,902
2.750%, 05/31/29		14,500,000		13,738,750
2.750%, 08/15/32		6,500,000		5,939,375
2.625%, 05/31/27		11,600,000		11,149,141
1.375%, 11/15/31		1,000,000		836,016
0.625%, 05/15/30		2,050,000		1,699,578

Total U.S. Treasury Obligations
(Cost $90,417,474)				85,208,621
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS — 23.9%

FHLMC
6.000%, 01/01/53		1,442,939		1,467,309
6.000%, 05/01/53		803,732		818,117
5.500%, 11/01/52		815,380		819,237
5.500%, 01/01/53		1,515,318		1,521,802
5.000%, 12/01/52		775,799		765,081
5.000%, 04/01/53		818,229		806,039
4.500%, 12/01/48		116,827		113,963
4.500%, 09/01/52		712,990		687,701
4.000%, 02/01/47		217,586		208,730
4.000%, 11/01/47		205,409		197,589
4.000%, 11/01/48		72,494		69,506
4.000%, 04/01/52		1,188,133		1,116,685
3.500%, 11/01/44		200,492		187,051
3.500%, 04/01/46		126,227		117,216
3.500%, 07/01/47		270,909		250,728
3.500%, 12/01/48		169,087		156,437
3.500%, 04/01/52		944,685		863,553
3.000%, 02/01/45		216,842		196,028
3.000%, 08/01/45		107,783		96,841
3.000%, 02/01/48		128,763		114,896
3.000%, 04/01/50		450,599		400,170
2.500%, 02/01/30		101,785		97,085
2.500%, 01/01/52		1,768,671		1,495,238
2.500%, 04/01/52		1,708,623		1,447,045
2.000%, 08/01/50		986,683		802,330
2.000%, 10/01/50		290,518		235,624
2.000%, 05/01/51		2,394,157		1,926,559

U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS — continued
	Face Amount		Value
FHLMC Structured Pass-Through Certificates, Ser 2003-54, Cl 4A
4.213%, 02/25/43(A)	$	54,134	$	49,158
FNMA
6.500%, 01/01/53		778,739		803,182
6.500%, 03/01/53		762,049		781,590
6.500%, 05/01/53		742,762		762,689
6.500%, 06/01/53		744,983		765,225
6.500%, 08/01/53		1,648,845		1,697,142
6.000%, 12/01/52		706,978		719,501
6.000%, 04/01/53		762,368		775,229
6.000%, 05/01/53		776,113		790,522
6.000%, 06/01/53		908,599		923,927
5.500%, 03/01/53		767,308		769,652
5.500%, 04/01/53		801,409		803,866
5.500%, 05/01/53		769,773		771,182
5.000%, 12/01/37		666,480		668,678
5.000%, 09/01/52		694,435		684,746
5.000%, 11/01/52		759,267		748,493
5.000%, 01/01/53		718,496		708,356
4.500%, 12/01/37		668,236		664,367
4.500%, 02/01/41		307,720		305,133
4.500%, 03/01/48		184,825		181,021
4.500%, 10/01/52		774,468		747,019
4.500%, 01/01/53		1,179,719		1,137,682
4.000%, 03/01/35		80,051		78,472
4.000%, 01/01/42		239,850		231,593
4.000%, 05/01/49		203,879		194,488
4.000%, 10/01/52		936,991		879,608
3.500%, 02/01/47		240,773		224,572
3.500%, 12/01/47		116,349		107,301
3.500%, 08/01/48		118,700		109,688
3.500%, 03/01/49		223,719		208,695
3.500%, 06/01/49		449,145		415,047
3.500%, 07/01/50		715,468		658,814
3.000%, 10/01/48		200,544		180,429
3.000%, 02/01/50		1,619,226		1,420,852
3.000%, 05/01/51		1,238,432		1,095,828
3.000%, 03/01/52		1,292,011		1,130,730
2.500%, 12/01/49		315,576		268,131
2.500%, 09/01/50		650,092		552,184
2.500%, 10/01/50		2,297,092		1,940,927
2.500%, 06/01/51		1,044,923		894,050
2.000%, 02/01/51		594,423		480,181
2.000%, 01/01/52		2,070,941		1,670,885
2.000%, 02/01/52		1,745,633		1,405,057
2.000%, 03/01/52		1,193,397		960,552
GNMA
6.000%, 08/20/52		755,968		769,421
5.500%, 12/20/52		1,020,283		1,027,167
4.000%, 07/20/48		84,177		80,404
4.000%, 05/20/52		717,729		677,702
3.500%, 06/20/48		505,264		468,806
3.000%, 06/20/51		916,400		826,642
2.500%, 09/20/51		2,162,103		1,860,363
2.000%, 11/20/51		2,275,650		1,886,386

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	CORE BOND FUND
	JULY 31, 2024
	(Unaudited)

U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS — continued
	Face Amount		Value

Total U.S. Government Agency Mortgage-Backed Obligations
(Cost $57,676,250)			$	55,941,895
CORPORATE OBLIGATIONS — 17.9%

COMMUNICATION SERVICES — 0.6%
Comcast
2.887%, 11/01/51	$	314,000		201,310
2.650%, 02/01/30		240,000		217,168
Discovery Communications
4.125%, 05/15/29		635,000		589,242
NBN MTN
2.625%, 05/05/31(B)		600,000		525,066

				1,532,786

CONSUMER DISCRETIONARY — 0.5%
Mars
2.375%, 07/16/40(B)		540,000		373,919
Tiffany
4.900%, 10/01/44		759,000		732,937

				1,106,856

CONSUMER STAPLES — 1.6%
7-Eleven
2.800%, 02/10/51(B)		940,000		576,187
Anheuser-Busch InBev Worldwide
4.750%, 01/23/29		300,000		302,972
Bunge Finance
2.750%, 05/14/31		1,150,000		1,008,671
Conagra Brands
4.600%, 11/01/25		465,000		462,241
JBS USA Holding Lux Sarl
7.250%, 11/15/53(B)		1,000,000		1,103,758
Mondelez International
1.500%, 02/04/31		535,000		437,123

				3,890,952

ENERGY — 2.1%
Apache
7.750%, 12/15/29		950,000		1,049,348
Boardwalk Pipelines
4.800%, 05/03/29		480,000		477,180
Eastern Gas Transmission & Storage
3.000%, 11/15/29		560,000		513,616
Energy Transfer
5.600%, 09/01/34		1,100,000		1,116,117
MarkWest Energy Partners
4.875%, 06/01/25		375,000		370,495
Patterson-UTI Energy
7.150%, 10/01/33		900,000		971,516
Rockies Express Pipeline
3.600%, 05/15/25(B)		480,000		470,559

				4,968,831


CORPORATE OBLIGATIONS — continued
	Face Amount		Value
FINANCIALS — 3.8%
Ares Capital
4.250%, 03/01/25	$	570,000	$	564,877
Ares Finance II
3.250%, 06/15/30(B)		645,000		592,477
Bank of Montreal
3.803%, USSW5 + 1.432%, 12/15/32(A)		825,000		787,382
Carlyle Finance Subsidiary
3.500%, 09/19/29(B)		650,000		613,604
CI Financial
3.200%, 12/17/30		910,000		733,746
Franklin BSP Capital
7.200%, 06/15/29(B)		1,080,000		1,098,193
Goldman Sachs Group
6.165%, SOFRRATE + 0.790%, 12/09/26(A)		520,000		520,640
MSCI
3.250%, 08/15/33(B)		505,000		429,694
National Australia Bank
3.347%, H15T5Y + 1.700%, 01/12/37(A),(B)		750,000		648,092
Neuberger Berman Group
4.500%, 03/15/27(B)		970,000		940,853
Nuveen Finance
4.125%, 11/01/24(B)		400,000		398,410
PennantPark Floating Rate Capital
4.250%, 04/01/26		650,000		616,796
Raymond James Financial
3.750%, 04/01/51		610,000		459,861
UBS Group
3.179%, H15T1Y + 1.100%, 02/11/43(A),(B)		555,000		406,798

				8,811,423

INDUSTRIALS — 2.3%
Ashtead Capital
1.500%, 08/12/26(B)		650,000		602,426
Canadian Pacific Railway
3.100%, 12/02/51		880,000		598,905
Daimler Truck Finance North America
2.500%, 12/14/31(B)		940,000		795,412
Delta Air Lines
2.900%, 10/28/24		455,000		451,407
Howmet Aerospace
3.000%, 01/15/29		495,000		455,926
Masco
6.500%, 08/15/32		317,000		343,565
Northern Group Housing
5.605%, 08/15/33(B)		451,243		457,337
Owens Corning
5.950%, 06/15/54		1,079,000		1,109,575

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	CORE BOND FUND
	JULY 31, 2024
	(Unaudited)

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
INDUSTRIALS — continued
Westinghouse Air Brake Technologies
3.200%, 06/15/25	$	530,000	$	519,846

				5,334,399

INFORMATION TECHNOLOGY — 1.9%
Constellation Software
5.461%, 02/16/34(B)		1,040,000		1,064,773
Infor
1.750%, 07/15/25(B)		335,000		322,608
Microsoft
2.921%, 03/17/52		270,000		189,646
NXP BV
5.550%, 12/01/28		245,000		251,593
Oracle
2.875%, 03/25/31		600,000		530,884
Roper Technologies
2.950%, 09/15/29		420,000		386,398
Teledyne Technologies
2.250%, 04/01/28		420,000		384,308
VMware
1.800%, 08/15/28		625,000		556,985
Vontier
1.800%, 04/01/26		590,000		556,850

				4,244,045

MATERIALS — 1.5%
Anglo American Capital
4.500%, 03/15/28(B)		525,000		516,612
Berry Global
1.650%, 01/15/27		625,000		577,507
CF Industries
4.500%, 12/01/26(B)		520,000		513,037
Martin Marietta Materials
2.400%, 07/15/31		865,000		736,657
Sealed Air
1.573%, 10/15/26(B)		835,000		770,925
Silgan Holdings
1.400%, 04/01/26(B)		420,000		392,142

				3,506,880

REAL ESTATE — 1.6%
Alexandria Real Estate Equities
2.000%, 05/18/32		745,000		597,761
Camp Pendleton & Quantico Housing
6.165%, 10/01/50(B)		400,000		402,848
Extra Space Storage
2.350%, 03/15/32		730,000		596,839
NNN REIT
2.500%, 04/15/30		700,000		614,397
Store Capital
4.500%, 03/15/28		380,000		367,368
2.700%, 12/01/31		700,000		576,222

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
REAL ESTATE — continued
UDR
3.000%, 08/15/31	$	560,000	$	496,396

				3,651,831

UTILITIES — 2.0%
Black Hills
1.037%, 08/23/24		332,000		330,992
DPL
4.350%, 04/15/29		425,000		399,091
Duquesne Light Holdings
2.532%, 10/01/30(B)		540,000		460,228
Emera US Finance
4.750%, 06/15/46		250,000		210,769
Entergy Arkansas
5.750%, 06/01/54		1,080,000		1,105,373
Jersey Central Power & Light
2.750%, 03/01/32(B)		670,000		569,413
Monongahela Power
3.550%, 05/15/27(B)		550,000		531,021
NextEra Energy Capital Holdings
1.900%, 06/15/28		1,230,000		1,108,405

				4,715,292

Total Corporate Obligations
(Cost $45,406,181)				41,763,295
MORTGAGE-BACKED SECURITIES — 11.3%

Agency Mortgage-Backed Obligations — 0.4%
FHLMC Multifamily Structured Pass Through Certificates, Ser 162, Cl A2
5.150%, 12/25/33		1,000,000		1,047,999

Non-Agency Mortgage-Backed Obligations — 10.9%
Chase Home Lending Mortgage Trust Series, Ser 2024-4, Cl A4
6.000%, 03/25/55 (A),(B)		1,169,634		1,178,790
Citigroup Mortgage Loan Trust, Ser 2024-1, Cl A3A
6.000%, 07/25/54 (A),(B)		1,000,000		997,578
COLT Mortgage Loan Trust, Ser 2022-4, Cl A1
4.301%, 03/25/67 (A),(B)		817,994		806,534
CSMC Trust, Ser 2013-IVR3, Cl A2
3.000%, 05/25/43 (A),(B)		131,455		116,976
CSMC Trust, Ser 2015-2, Cl A18
3.500%, 02/25/45 (A),(B)		113,949		102,840
FHLMC
6.000%, 03/01/53		4,947,807		5,023,393
5.500%, 04/01/53		2,503,920		2,507,506
First Republic Mortgage Trust, Ser 2020-1, Cl A5
2.884%, 04/25/50 (A),(B)		378,538		359,793
FNMA
5.500%, 03/01/53		2,523,614		2,529,134

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	CORE BOND FUND
	JULY 31, 2024
	(Unaudited)

MORTGAGE-BACKED SECURITIES — continued
	Face Amount		Value
Non-Agency Mortgage-Backed Obligations — continued
GMAC Commercial Mortgage Asset, Ser 2010-FTLS, Cl A
6.363%, 02/10/47 (B),(C)	$	224,536	$	235,699
GS Mortgage-Backed Securities Trust, Ser 2021-PJ1, Cl A8
2.500%, 05/28/52 (A),(B)		1,154,539		1,005,123
GS Mortgage-Backed Securities Trust, Ser 2022-MM1, Cl A8
2.500%, 07/25/52 (A),(B)		1,570,608		1,372,101
JP Morgan Mortgage Trust, Ser 2014-IVR6, Cl AM
6.767%, 07/25/44 (A),(B)		577		574
JP Morgan Mortgage Trust, Ser 2022-2, Cl A4A
2.500%, 08/25/52 (A),(B)		1,102,930		958,247
JP Morgan Mortgage Trust, Ser 2022-3, Cl A4A
2.500%, 08/25/52 (A),(B)		1,530,523		1,330,538
JP Morgan Mortgage Trust, Ser 2022-4, Cl A4
3.000%, 10/25/52 (A),(B)		1,689,009		1,500,750
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C31, Cl ASB
3.540%, 08/15/48		104,902		103,556
Morgan Stanley Residential Mortgage Loan Trust, Ser 2024-2, Cl A5
6.000%, 03/25/54 (A),(B)		900,150		900,775
Rate Mortgage Trust, Ser 2022-J1, Cl A9
2.500%, 01/25/52 (A),(B)		1,180,311		1,021,565
RCKT Mortgage Trust, Ser 2022-3, Cl A5
3.000%, 05/25/52 (A),(B)		1,709,337		1,517,507
Seasoned Credit Risk Transfer Trust, Ser 2018-4, Cl MV
3.500%, 03/25/58		621,942		565,554
Sequoia Mortgage Trust, Ser 2015-1, Cl A1
3.500%, 01/25/45 (A),(B)		22,198		20,286
Sequoia Mortgage Trust, Ser 2015-2, Cl A1
3.500%, 05/25/45 (A),(B)		43,624		39,307
Sequoia Mortgage Trust, Ser 2015-4, Cl A1
3.000%, 11/25/30 (A),(B)		41,995		40,180
Sequoia Mortgage Trust, Ser 2024-7, Cl A2
6.000%, 08/25/54 (A),(B)		1,200,000		1,199,484
				25,433,790

Total Mortgage-Backed Securities
(Cost $27,425,263)				26,481,789

ASSET-BACKED SECURITIES — 6.7%
	Face Amount		Value
Other ABS — 6.7%
BX Commercial Mortgage Trust, Ser 2021-VOLT, Cl C
6.543%, TSFR1M + 1.214%, 09/15/36 (A),(B)	$	1,195,000	$	1,169,606
Dryden 87 CLO, Ser 2021-87A, Cl A1
6.687%, TSFR3M + 1.362%, 05/20/34 (A),(B)		1,100,000		1,103,331
Golub Capital Partners CLO, Ser 2022-30A, Cl AR2
6.938%, TSFR3M + 1.620%, 04/20/34 (A),(B)		500,000		499,735
GS Mortgage Securities Trust, Ser GSA2, Cl A3
1.560%, 12/12/53		1,200,000		1,013,493
MCF CLO VIII, Ser 2024-1A, Cl AR
7.249%, TSFR3M + 1.950%, 04/18/36 (A),(B)		1,000,000		1,001,468
Monroe Capital Mml Clo XI, Ser 2021-1A, Cl A1
7.137%, TSFR3M + 1.812%, 05/20/33 (A),(B)		1,025,000		1,026,378
Oak Street Investment Grade Net Lease Fund Series, Ser 2021-2A, Cl A3
2.850%, 11/20/51 (B)		1,750,000		1,559,188
PHEAA Student Loan Trust, Ser 2016-2A, Cl B
6.962%, SOFR30A + 1.614%, 11/25/65 (A),(B)		1,050,000		1,046,654
PSBDC 1A A, Ser 2024-1A, Cl A
6.925%, TSFR3M + 1.600%, 07/15/37 (A),(B)		1,000,000		999,528
RIN II, Ser 2019-1A, Cl A
7.246%, TSFR3M + 1.912%, 09/10/30 (A),(B)		380,122		380,631
SLM Student Loan Trust, Ser 2006-10, Cl A6
5.771%, SOFR90A + 0.412%, 03/25/44 (A)		1,162,015		1,134,475
Spirit Airlines Pass Through Trust, Ser 2015-1A
4.100%, 04/01/28		1,059,853		986,918
Store Master Funding I-VII, XIV, XIX, XX, XXIV and XXII, Ser 2024-1A, Cl A2
5.700%, 05/20/54 (B)		998,750		1,015,522
Subway Funding, Ser 2024-1A, Cl A23
6.505%, 07/30/54 (B)		1,000,000		1,039,143
Sunnova Hestia I Issuer, Ser 2023-GRID1, Cl 1A
5.750%, 12/20/50 (B)		857,629		875,204

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	CORE BOND FUND
	JULY 31, 2024
	(Unaudited)

ASSET-BACKED SECURITIES — continued
	Face Amount		Value
Other ABS — continued
Twin Brook CLO, Ser 2024-1A, Cl A
7.192%, TSFR3M + 1.900%, 07/20/36 (A),(B)	$	800,000	$	800,000
				15,651,274

Total Asset-Backed Securities
(Cost $15,430,897)				15,651,274
MUNICIPAL BONDS — 2.9%

Colorado Housing and Finance Authority, RB
5.619%, 11/01/38		965,000		976,606
Denver City & County, Housing Authority, Ser 2021-B, RB
3.104%, 02/01/39		300,000		238,658
Grand Parkway Transportation, Ser B, RB
3.216%, 10/01/49		640,000		484,348
Hawaii State, Department of Business Economic Development & Tourism, Ser A-2, RB
3.242%, 01/01/31		90,581		87,875
Idaho Housing & Finance Association, Ser D-1, RB
5.713%, 07/01/38		940,000		956,813
Massachusetts State, Housing Finance Agency, Ser B, RB
3.350%, 12/01/40		200,000		159,176
Michigan State Housing Development Authority, Ser C, RB
5.816%, 12/01/38		895,000		921,481
Minnesota Housing Finance Agency, RB
5.726%, 07/01/33		425,000		448,652
New York City, Housing Development, Ser D, RB
3.083%, 11/01/46		900,000		618,856
New York State, Mortgage Agency, Ser 241, RB
2.930%, 10/01/46		700,000		472,749
Rhode Island State, Housing and Mortgage Finance, Ser 1-T, RB
2.993%, 10/01/38		540,000		417,131
Virginia State, Housing Development Authority, Ser C, RB
2.829%, 04/01/41		500,000		372,475
Washington State Housing Finance Commission, Ser 2T, RB
5.738%, 12/01/38		550,000		565,281

MUNICIPAL BONDS — continued
	Face Amount	Value

Total Municipal Bonds
(Cost $7,626,597)		$	6,720,101
Total Investments in Securities— 99.2%
(Cost $243,982,662)		$	231,766,975

Percentages are based on Net Assets of $233,528,533.

(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Securities sold within the terms of a private placement memorandum, exempt from registration under section 144A of the Securities Act of 1933, as amended, and maybe sold only to dealers in the program or other "accredited investors". The total value of these securities at July 31, 2024 was $42,797,427 and represented 18.3% of Net Assets.
(C)	Level 3 security in accordance with fair value hierarchy.

See "Glossary" for abbreviations.

KOC-QH-001-1900

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LONG/SHORT EQUITY FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 67.0%
	Shares		Value
COMMUNICATION SERVICES — 6.9%
Alphabet, Cl A		13,639	$	2,339,634
Electronic Arts		1,577		238,032
Interpublic Group of Companies (A)		9,537		306,806
Live Nation Entertainment *		5,780		555,978
Match Group *(A)		22,199		846,670
Meta Platforms, Cl A (A)		4,988		2,368,452
Omnicom Group (A)		20,672		2,026,683
				8,682,255
CONSUMER DISCRETIONARY — 16.8%
Airbnb, Cl A *		14,084		1,965,563
Autoliv		4,639		469,189
Booking Holdings		335		1,244,528
Burlington Stores *		3,045		792,674
Dick's Sporting Goods		9,525		2,060,734
eBay (A)		45,818		2,547,939
Etsy *		7,495		488,224
Expedia Group *		19,701		2,515,227
Lennar, Cl A (A)		3,550		628,102
NVR *		259		2,229,337
PulteGroup		17,817		2,351,844
Ralph Lauren, Cl A		5,870		1,030,713
Stellantis		26,000		433,940
Tapestry		6,872		275,499
Toll Brothers		4,665		665,742
Williams-Sonoma		10,112		1,564,124
				21,263,379
ENERGY — 1.6%
HF Sinclair		13,434		691,448
Marathon Petroleum		4,632		819,957
Noble PLC		9,610		453,784
				1,965,189
FINANCIALS — 9.8%
American Express		1,910		483,306
Ameriprise Financial (A)		3,056		1,314,294
Bank of America		48,095		1,938,709
Berkshire Hathaway, Cl B *(A)		5,664		2,483,664
Corpay *		6,411		1,870,858
Discover Financial Services (A)		7,021		1,010,954
JPMorgan Chase		4,885		1,039,528
Synchrony Financial (A)		36,102		1,833,621
XP, Cl A		25,261		432,216
				12,407,150
HEALTH CARE — 5.3%
Cardinal Health		19,947		2,011,256
Cencora, Cl A (A)		4,971		1,182,501
DaVita *		16,580		2,265,159
GRAIL *		1		8
Hologic *		10,065		821,405
United Therapeutics *(A)		1,456		456,150
				6,736,479
INDUSTRIALS — 4.0%
Advanced Drainage Systems		1,082		191,557
Caterpillar		2,072		717,327

COMMON STOCK — continued
	Shares			Value
INDUSTRIALS— continued
Expeditors International of Washington		14,022		$	1,750,226
Owens Corning (A)		12,822			2,389,764
					5,048,874
INFORMATION TECHNOLOGY — 22.1%
Adobe *(A)		2,907			1,603,646
Akamai Technologies *		10,088			991,449
Apple (A)		12,437			2,762,009
Applied Materials		4,621			980,576
AppLovin, Cl A *(A)		29,622			2,283,856
Autodesk *(A)		3,748			927,705
Check Point Software Technologies *(A)		3,727			683,718
Cisco Systems (A)		30,268			1,466,485
Dell Technologies, Cl C		7,718			877,382
F5 *		5,012			1,020,644
Fortinet *		8,167			474,013
International Business Machines (A)		8,302			1,595,146
Jabil		2,778			312,997
KLA (A)		1,214			999,207
Lam Research (A)		1,468			1,352,380
Logitech International		16,344			1,480,276
Microsoft (A)		5,569			2,329,791
NetApp (A)		21,357			2,711,912
Oracle		6,730			938,499
QUALCOMM		5,707			1,032,682
Skyworks Solutions		8,918			1,013,263
					27,837,636
MATERIALS — 0.5%
Dow (A)		4,371			238,088
Packaging Corp of America		1,803			360,366
					598,454
Total Common Stock
(Cost $67,767,470)					84,539,416
Total Investments in Securities— 67.0%
(Cost $67,767,470)				$	84,539,416

SECURITIES SOLD SHORT
COMMON STOCK — (18.8)%
	Shares			Value
COMMUNICATION SERVICES — (0.8)%
Trade Desk, Cl A *		(11,579	)		(1,040,720	)

CONSUMER DISCRETIONARY — (0.4)%
Chewy, Cl A *		(18,177	)		(439,520	)

CONSUMER STAPLES — (1.3)%
Brown-Forman, Cl B		(20,149	)		(909,929	)
Keurig Dr Pepper		(21,257	)		(728,690	)
					(1,638,619	)
FINANCIALS — (0.4)%
Block, Cl A *		(7,787	)		(481,860	)

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LONG/SHORT EQUITY FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares			Value
HEALTH CARE — (5.0)%
Catalent *		(18,510	)	$	(1,098,383	)
Cooper		(16,574	)		(1,546,851	)
GRAIL *		(2,806	)		(43,149	)
Illumina *		(16,833	)		(2,063,726	)
Insulet *		(4,790	)		(930,937	)
Penumbra *		(3,682	)		(615,225	)
					(6,298,271	)
INDUSTRIALS — (4.5)%
Dayforce *		(8,018	)		(475,307	)
Elbit Systems		(8,095	)		(1,456,938	)
General Dynamics		(3,604	)		(1,076,551	)
HEICO		(9,379	)		(2,263,528	)
Toro		(4,686	)		(448,591	)
					(5,720,915	)
INFORMATION TECHNOLOGY — (5.5)%
Advanced Micro Devices *		(12,766	)		(1,844,432	)
MicroStrategy, Cl A *		(746	)		(1,204,372	)
Palantir Technologies, Cl A *		(50,573	)		(1,359,908	)
Roper Technologies		(2,026	)		(1,103,663	)
Super Micro Computer *		(1,984	)		(1,392,074	)
					(6,904,449	)
UTILITIES — (0.9)%
American Water Works		(8,103	)		(1,153,543	)

Total Common Stock
(Proceeds $23,046,761)					(23,677,897	)
EXCHANGE TRADED FUNDS — (25.6)%
	Shares			Value
ARK Innovation ETF		(172,928	)		(7,873,412	)
ARK Next Generation Internet ETF		(96,442	)		(7,502,223	)
iShares Russell 1000 Value ETF		(72,107	)		(13,223,703	)
SPDR S&P Homebuilders ETF		(31,365	)		(3,707,029	)

Total Exchange Traded Funds
(Proceeds $30,994,453)					(32,306,367	)

Total Securities Sold Short— (44.4)%
(Proceeds $54,041,214)				$	(55,984,264	)

Percentages are based on Net Assets of $126,172,044.

*	Non-income producing security.
(A)	This security or a partial position of this security has been committed as collateral for securities sold short.

See “Glossary” for abbreviations.

KOC-QH-007-1000

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LARGE CAP VALUE FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 96.9%
	Shares		Value
COMMUNICATION SERVICES — 5.9%
Alphabet, Cl A		12,194	$	2,091,759
AT&T		291,284		5,607,217
Electronic Arts		7,869		1,187,747
Meta Platforms, Cl A		1,455		690,877
Walt Disney		40,080		3,755,095
				13,332,695
CONSUMER DISCRETIONARY — 6.3%
DR Horton		19,835		3,568,912
General Motors		78,684		3,487,275
Lennar, Cl A		20,001		3,538,777
TJX		30,927		3,495,369
				14,090,333
CONSUMER STAPLES — 8.9%
Colgate-Palmolive		38,456		3,814,451
General Mills		53,672		3,603,538
Mondelez International, Cl A		43,993		3,006,922
Monster Beverage *		57,923		2,980,138
PepsiCo		22,151		3,824,813
Performance Food Group *		39,679		2,737,851
				19,967,713
ENERGY — 10.2%
Canadian Natural Resources		107,257		3,805,478
ConocoPhillips		36,025		4,005,980
Exxon Mobil		96,621		11,458,296
Valero Energy		22,851		3,695,464
				22,965,218
FINANCIALS — 24.6%
Allstate		23,859		4,082,752
American Express		17,303		4,378,351
American International Group		47,834		3,789,888
Ameriprise Financial		8,471		3,643,123
Axis Capital Holdings		40,020		3,031,515
Bank of America		101,553		4,093,602
Berkshire Hathaway, Cl B *		12,904		5,658,404
First Horizon		166,759		2,789,878
Hartford Financial Services Group		25,943		2,877,598
JPMorgan Chase		25,628		5,453,638
Prudential Financial		27,636		3,463,343
Synovus Financial		67,037		3,133,980
Toronto-Dominion Bank		28,898		1,705,849
Visa, Cl A		3,496		928,782
Wells Fargo		102,945		6,108,756
				55,139,459
HEALTH CARE — 9.0%
Boston Scientific *		42,502		3,140,048
Cencora, Cl A		14,202		3,378,372
Exact Sciences *		21,183		967,639
Neurocrine Biosciences *		8,269		1,170,642
Quest Diagnostics		20,336		2,893,813
Select Medical Holdings		77,789		3,092,891
STERIS PLC		11,632		2,777,256
Stryker		8,519		2,789,547
				20,210,208

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS — 11.4%
3M		34,512	$	4,402,006
AECOM		34,880		3,160,477
Copart *		9,539		499,176
CSX		81,266		2,852,437
Cummins		11,535		3,365,913
EMCOR Group		1,180		443,019
Emerson Electric		21,017		2,461,301
Quanta Services		4,443		1,179,083
Stanley Black & Decker		31,855		3,364,525
United Rentals		975		738,172
Waste Management		14,876		3,014,770
				25,480,879
INFORMATION TECHNOLOGY — 5.8%
Cisco Systems		80,493		3,899,886
Intel		18,489		568,352
Micron Technology		7,539		827,933
Microsoft		5,022		2,100,954
Motorola Solutions		7,927		3,162,239
Salesforce		9,143		2,366,208
				12,925,572
MATERIALS — 3.7%
Linde PLC		5,944		2,695,604
Steel Dynamics		21,097		2,810,542
Westlake		19,025		2,813,037
				8,319,183
REAL ESTATE — 5.0%
BXP ^‡		33,723		2,404,787
Host Hotels & Resorts ^‡		158,745		2,779,625
Iron Mountain ^‡		28,030		2,874,757
Lamar Advertising, Cl A ^‡		26,170		3,136,736
				11,195,905
UTILITIES — 6.1%
Entergy		34,002		3,943,212
FirstEnergy		93,035		3,899,097
Fortis		66,903		2,799,222
National Fuel Gas		46,838		2,744,238
Vistra		4,533		359,104
				13,744,873
Total Common Stock
(Cost $170,963,404)				217,372,038
Total Investments in Securities— 96.9%
(Cost $170,963,404)			$	217,372,038

Percentages are based on Net Assets of $224,344,463.

*	Non-income producing security.
^‡	Real Estate Investment Trust.

See “Glossary” for abbreviations.

KOC-QH-004-1900

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	LARGE CAP GROWTH FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 97.1%#
	Shares		Value
COMMUNICATION SERVICES — 13.4%
Alphabet, Cl A		47,165	$	8,090,684
Alphabet, Cl C		41,364		7,162,177
Meta Platforms, Cl A		15,890		7,545,049
Netflix *		4,624		2,905,490
Spotify Technology *		4,117		1,416,001
T-Mobile US		13,872		2,528,588
				29,647,989
CONSUMER DISCRETIONARY — 9.0%
AutoZone *		756		2,369,070
Chipotle Mexican Grill, Cl A *		38,963		2,116,470
DR Horton		10,761		1,936,227
Home Depot		10,172		3,744,924
Hyatt Hotels, Cl A		10,677		1,573,042
MercadoLibre *		1,008		1,682,251
Tesla *		14,965		3,472,927
TJX		26,987		3,050,071
				19,944,982
CONSUMER STAPLES — 4.8%
BJ's Wholesale Club Holdings *		25,978		2,285,025
Celsius Holdings *		19,110		894,921
Coca-Cola		35,983		2,401,506
General Mills		15,805		1,061,148
PepsiCo		16,814		2,903,273
Performance Food Group *		14,881		1,026,789
				10,572,662
ENERGY — 0.8%
Exxon Mobil		14,965		1,774,699

FINANCIALS — 8.2%
American Express		8,827		2,233,584
Berkshire Hathaway, Cl B *		10,172		4,460,422
Blackstone, Cl A		16,310		2,318,467
LPL Financial Holdings		6,725		1,489,722
Mastercard, Cl A		5,296		2,455,808
Progressive		10,845		2,322,131
Visa, Cl A		10,088		2,680,079
				17,960,213
HEALTH CARE — 6.7%
Boston Scientific *		33,545		2,478,305
Cencora, Cl A		8,323		1,979,875
Dexcom *		10,343		701,462
Edwards Lifesciences *		9,213		580,880
IDEXX Laboratories *		1,416		674,186
Insulet *		9,332		1,813,674
Intuitive Surgical *		4,287		1,906,043
IQVIA Holdings *		3,278		807,142
Neurocrine Biosciences *		11,938		1,690,063
Stryker		6,641		2,174,595
				14,806,225
INDUSTRIALS — 8.3%
Builders FirstSource *		8,239		1,378,961
Caterpillar		7,902		2,735,672
Chart Industries *		10,761		1,733,382
Deere		1,997		742,844

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
EMCOR Group		3,194	$	1,199,155
Ferguson PLC		8,743		1,946,629
Stanley Black & Decker		16,478		1,740,406
Uber Technologies *		32,452		2,092,181
Union Pacific		5,128		1,265,232
United Rentals		1,849		1,399,878
Waste Management		9,920		2,010,387
				18,244,727
INFORMATION TECHNOLOGY — 41.1%
Adobe *		3,615		1,994,215
Advanced Micro Devices *		20,177		2,915,173
Apple		91,641		20,351,633
Arista Networks *		3,615		1,252,778
Broadcom		38,674		6,214,138
HubSpot *		1,276		634,210
Intuit		2,606		1,686,994
KLA		3,026		2,490,610
Micron Technology		11,350		1,246,457
Microsoft		51,789		21,665,928
NVIDIA		149,652		17,512,277
Oracle		12,611		1,758,604
Palo Alto Networks *		4,708		1,528,829
QUALCOMM		11,938		2,160,181
Salesforce		11,097		2,871,904
ServiceNow *		3,362		2,737,979
Synopsys *		2,858		1,595,679
				90,617,589
MATERIALS — 1.7%
Ecolab		6,137		1,415,745
Linde PLC		5,212		2,363,642
				3,779,387
REAL ESTATE — 2.6%
Alexandria Real Estate Equities ^‡		17,067		2,001,788
Iron Mountain ^‡		36,151		3,707,647
				5,709,435
UTILITIES — 0.5%
Entergy		10,088		1,169,905

Total Common Stock
(Cost $143,576,395)				214,227,813
Total Investments in Securities— 97.1%
(Cost $143,576,395)			$	214,227,813

Percentages are based on Net Assets of $220,542,970.

*	Non-income producing security.
^‡	Real Estate Investment Trust.
#	More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.

See “Glossary” for abbreviations.

KOC-QH-003-1900

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	SMALL CAP FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 97.0%
	Shares		Value
COMMUNICATION SERVICES — 1.3%
Cars.com *		57,907	$	1,194,042
IMAX *		46,966		990,983
				2,185,025
CONSUMER DISCRETIONARY — 9.9%
Abercrombie & Fitch, Cl A *		4,492		662,480
BJ's Restaurants *		56,756		1,792,354
Boot Barn Holdings *		22,310		2,977,939
KB Home		36,600		3,150,528
Phinia		49,752		2,223,914
Playa Hotels & Resorts *		246,399		2,088,232
TRI Pointe Group *		63,588		2,877,357
YETI Holdings *		34,177		1,413,219
				17,186,023
CONSUMER STAPLES — 5.1%
Dole PLC		158,775		2,357,808
MGP Ingredients		10,869		886,367
Primo Water		90,431		1,983,152
Sprouts Farmers Market *		37,446		3,740,481
				8,967,808
ENERGY — 6.3%
Civitas Resources		21,269		1,483,725
International Seaways		21,013		1,176,728
Liberty Energy, Cl A		106,326		2,567,773
Matador Resources		30,157		1,854,052
PBF Energy, Cl A		29,981		1,221,726
Veren		114,505		893,139
Weatherford International *		14,700		1,732,542
				10,929,685
FINANCIALS — 18.7%
Axis Capital Holdings		30,914		2,341,736
Enterprise Financial Services		22,361		1,182,226
Essent Group		35,761		2,247,221
FirstCash Holdings		15,507		1,730,581
Hamilton Insurance Group, Cl B *		58,647		1,022,217
Hancock Whitney		31,194		1,707,248
Merchants Bancorp		46,103		2,074,635
OceanFirst Financial		67,835		1,232,562
OFG Bancorp		53,760		2,441,779
Old Second Bancorp		136,333		2,306,754
Piper Sandler		7,506		2,051,240
Popular		22,050		2,262,992
PROG Holdings		56,717		2,555,668
QCR Holdings		24,864		1,900,604
Synovus Financial		32,959		1,540,833
Valley National Bancorp		133,930		1,125,012
WaFd		40,212		1,431,145
Wintrust Financial		13,551		1,466,218
				32,620,671
HEALTH CARE — 17.5%
Axsome Therapeutics *		21,807		1,903,969
Denali Therapeutics *		34,875		849,904
Halozyme Therapeutics *		29,043		1,604,916
Insmed *		31,351		2,280,785
Integer Holdings *		17,652		2,096,352

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
Intra-Cellular Therapies *		23,526	$	1,851,967
Kiniksa Pharmaceuticals International, Cl A *		75,953		2,020,350
Lantheus Holdings *		21,606		2,264,957
Madrigal Pharmaceuticals *		2,694		766,874
Merit Medical Systems *		27,311		2,329,355
Merus *		13,980		741,499
Mirum Pharmaceuticals *		47,902		1,942,426
RadNet *		47,040		2,810,640
Twist Bioscience *		23,500		1,311,535
UFP Technologies *		6,529		2,099,661
Vericel *		36,841		1,861,208
Viking Therapeutics *		18,985		1,082,145
Viridian Therapeutics *		35,919		605,235
				30,423,778
INDUSTRIALS — 15.0%
Atkore		7,731		1,043,685
Brink's		27,158		2,987,109
CSW Industrials		5,927		1,922,837
Herc Holdings		15,200		2,368,768
IES Holdings *		14,916		2,296,617
JELD-WEN Holding *		109,212		1,822,748
Limbach Holdings *		37,531		2,391,475
Maximus		27,728		2,575,654
SkyWest *		27,901		2,230,406
SPX Technologies *		14,277		2,106,429
Standex International		12,694		2,371,239
Sterling Infrastructure *		17,586		2,046,307
				26,163,274
INFORMATION TECHNOLOGY — 11.4%
Aviat Networks *		47,143		1,461,433
Belden		18,686		1,732,005
Couchbase *		67,424		1,293,867
DigitalOcean Holdings *		51,056		1,691,485
DoubleVerify Holdings *		63,454		1,340,148
Fabrinet *		4,068		897,238
FormFactor *		45,145		2,417,966
Instructure Holdings *		44,832		1,047,275
LiveRamp Holdings *		35,584		1,077,484
MACOM Technology Solutions Holdings *		15,433		1,557,498
Marathon Digital Holdings *		14,427		283,779
Sprout Social, Cl A *		34,537		1,349,361
Ultra Clean Holdings *		42,960		1,858,450
Viavi Solutions *		82,143		660,430
Workiva, Cl A *		15,718		1,159,517
				19,827,936
MATERIALS — 4.1%
ATI *		45,457		3,077,894
Constellium, Cl A *		107,989		1,923,284
Summit Materials, Cl A *		49,777		2,079,683
				7,080,861
REAL ESTATE — 5.3%
Apple Hospitality ^‡		72,099		1,066,344
Armada Hoffler Properties ^‡		80,609		957,635

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	SMALL CAP FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
REAL ESTATE— continued
COPT Defense Properties ^‡		45,276	$	1,311,646
Plymouth Industrial ^‡		44,405		1,062,168
Ryman Hospitality Properties ^‡		21,944		2,205,591
Tanger ^‡		93,765		2,709,808
				9,313,192
UTILITIES — 2.4%
Clearway Energy, Cl C		34,652		924,515
National Fuel Gas		33,999		1,992,002
Southwest Gas Holdings		17,556		1,301,953
				4,218,470
Total Common Stock
(Cost $129,033,383)				168,916,723
Total Investments in Securities— 97.0%
(Cost $129,033,383)			$	168,916,723

Percentages are based on Net Assets of $174,186,157.

*	Non-income producing security.
^‡	Real Estate Investment Trust.

See “Glossary” for abbreviations.

KOC-QH-004-1900

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 95.5%#
	Shares		Value
COMMUNICATION SERVICES — 9.5%
Advantage Solutions *		64	$	257
Alphabet, Cl A		22,432		3,847,985
Alphabet, Cl C		20,145		3,488,107
Altice USA, Cl A *		747		1,561
AMC Entertainment Holdings, Cl A *		965		5,127
AMC Networks, Cl A *		112		1,247
Angi, Cl A *		243		564
Anterix *		66		2,657
AST SpaceMobile, Cl A *		424		8,768
AT&T		27,355		526,584
Atlanta Braves Holdings, Cl C *		138		5,993
ATN International		38		1,127
Bandwidth, Cl A *		88		2,008
Boston Omaha, Cl A *		110		1,617
Bumble, Cl A *		328		3,064
Cable One		16		6,614
Cardlytics *		152		1,260
Cargurus, Cl A *		311		7,719
Cars.com *		217		4,475
Charter Communications, Cl A *		374		142,015
Cinemark Holdings *		401		9,456
Clear Channel Outdoor Holdings, Cl A *		1,556		2,583
Cogent Communications Holdings		156		11,012
Comcast, Cl A		15,102		623,260
Consolidated Communications Holdings *		277		1,274
DHI Group *		148		314
EchoStar, Cl A *		446		8,953
Electronic Arts		925		139,619
Endeavor Group Holdings, Cl A		741		20,318
Entravision Communications, Cl A		227		497
Eventbrite, Cl A *		294		1,438
EverQuote, Cl A *		81		2,113
EW Scripps, Cl A *		222		835
Fox		910		34,616
Frontier Communications Parent *		776		22,737
fuboTV *		1,053		1,537
Gannett *		451		2,214
Globalstar *		2,780		3,364
Gogo *		223		2,025
Gray Television		303		1,948
IAC *		269		14,206
IDT, Cl B		61		2,332
iHeartMedia *		421		749
Innovid *		332		704
Integral Ad Science Holding *		591		6,016
Interpublic Group of Companies		1,449		46,614
Iridium Communications		404		11,595
John Wiley & Sons, Cl A		153		7,306
Liberty Broadband, Cl C *		433		29,180
Liberty Latin America, Cl C *		484		5,130

COMMON STOCK — continued
	Shares		Value
COMMUNICATION SERVICES— continued
Live Nation Entertainment *		554	$	53,289
LiveOne *		327		556
Lumen Technologies *		3,610		11,372
Madison Square Garden Entertainment, Cl A *		148		5,845
Madison Square Garden Sports *		63		12,626
Magnite *		452		6,572
Marcus		85		1,070
Match Group *		1,019		38,865
MediaAlpha, Cl A *		142		2,083
Meta Platforms, Cl A		8,415		3,995,694
National CineMedia *		237		1,431
Netflix *		1,644		1,033,007
New York Times, Cl A		614		32,904
News		1,445		39,853
Nexstar Media Group, Cl A		121		22,360
Nextdoor Holdings *		572		1,624
NII Holdings *,(A)		46		100
Omnicom Group		744		72,942
Outbrain *		124		593
Paramount Global, Cl B		2,284		26,083
Pinterest, Cl A *		2,247		71,792
Playstudios *		326		707
PubMatic, Cl A *		142		3,118
QuinStreet *		180		3,366
Reservoir Media *		124		987
ROBLOX, Cl A *		1,876		77,892
Roku, Cl A *		479		27,883
Scholastic		87		2,726
Shenandoah Telecommunications		169		3,598
Shutterstock		90		3,980
Sinclair		131		2,015
Sirius XM Holdings		2,316		7,990
Snap, Cl A *		3,991		53,160
Sphere Entertainment *		98		4,359
Spok Holdings		73		1,119
Stagwell, Cl A *		413		2,759
Take-Two Interactive Software *		602		90,555
TechTarget *		95		3,040
TEGNA		641		10,211
Telephone and Data Systems		364		7,717
Thryv Holdings *		112		2,182
TKO Group Holdings, Cl A		256		27,994
T-Mobile US		1,685		307,142
Townsquare Media, Cl A		40		483
Trade Desk, Cl A *		1,682		151,178
TripAdvisor *		379		6,682
TrueCar *		261		955
United States Cellular *		52		2,795
Verizon Communications		16,092		652,048
Vimeo *		532		2,139
Vivid Seats, Cl A *		271		1,322
Walt Disney		7,038		659,390
Warner Bros Discovery *		8,438		72,992
WideOpenWest *		180		981
Yelp, Cl A *		242		8,816

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
COMMUNICATION SERVICES— continued
Ziff Davis *		167	$	7,996
ZipRecruiter, Cl A *		255		2,336
ZoomInfo Technologies, Cl A *		1,220		13,859
				16,731,827
CONSUMER DISCRETIONARY — 7.7%
1-800-Flowers.com, Cl A *		104		1,077
1stdibs.com *		93		426
Aaron's		110		1,100
Abercrombie & Fitch, Cl A *		190		28,021
Academy Sports & Outdoors		280		15,140
Acushnet Holdings		106		7,693
Adient PLC *		331		8,527
ADT		1,399		10,884
Adtalem Global Education *		141		11,056
Advance Auto Parts		226		14,313
Airbnb, Cl A *		1,612		224,971
A-Mark Precious Metals		65		2,499
American Axle & Manufacturing Holdings *		409		3,039
American Eagle Outfitters		695		15,325
American Outdoor Brands *		44		410
American Public Education *		61		1,218
America's Car-Mart *		21		1,454
Aramark		1,000		34,270
Arhaus, Cl A		187		2,841
Arko		277		1,814
Asbury Automotive Group *		78		20,999
AutoNation *		104		19,835
AutoZone *		66		206,824
BARK *		376		583
Bassett Furniture Industries		30		394
Bath & Body Works		853		31,348
Beazer Homes USA *		106		3,569
Best Buy		741		64,111
Beyond *		167		1,887
Big Lots *		98		100
Biglari Holdings, Cl B *		8		1,606
BJ's Restaurants *		79		2,495
Bloomin' Brands		315		6,568
Booking Holdings		130		482,951
Boot Barn Holdings *		115		15,350
BorgWarner		879		31,037
Bowlero		307		3,976
Bright Horizons Family Solutions *		220		26,455
Brinker International *		167		11,157
Brunswick		257		20,933
Buckle		112		4,837
Build-A-Bear Workshop, Cl A		47		1,275
Burlington Stores *		244		63,518
Caleres		124		4,781
Camping World Holdings, Cl A		162		3,707
Canoo *		212		426
Capri Holdings *		436		14,623
CarMax *		596		50,326
Carnival *		3,616		60,243

COMMON STOCK — continued
	Shares		Value
CONSUMER DISCRETIONARY— continued
Carriage Services, Cl A		49	$	1,571
Carter's		131		7,932
Carvana, Cl A *		277		36,905
Cato, Cl A		62		317
Cava Group *		336		28,298
Cavco Industries *		29		12,024
Century Communities		105		10,995
Cheesecake Factory		166		6,456
Chegg *		369		1,258
Chewy, Cl A *		505		12,211
Chipotle Mexican Grill, Cl A *		5,050		274,316
Choice Hotels International		115		14,657
Chuy's Holdings *		63		2,337
Citi Trends *		30		588
Columbia Sportswear		124		10,131
ContextLogic, Cl A *		76		411
Coursera *		531		4,938
Cracker Barrel Old Country Store		80		3,666
Cricut, Cl A		170		1,056
Crocs *		224		30,099
Dana		529		6,724
Darden Restaurants		456		66,708
Dave & Buster's Entertainment *		145		5,453
Deckers Outdoor *		98		90,418
Denny's *		184		1,354
Designer Brands, Cl A		154		1,257
Destination XL Group *		188		701
Dick's Sporting Goods		218		47,164
Dillard's, Cl A		31		12,356
Dine Brands Global		55		1,971
Domino's Pizza		133		57,017
DoorDash, Cl A *		1,298		143,715
Dorman Products *		96		9,732
DR Horton		1,090		196,124
Dream Finders Homes, Cl A *		89		2,808
Duluth Holdings, Cl B *		74		269
Duolingo, Cl A *		138		23,728
Dutch Bros, Cl A *		267		10,213
eBay		2,047		113,834
El Pollo Loco Holdings *		91		1,097
Escalade		33		491
Ethan Allen Interiors		85		2,624
Etsy *		511		33,287
European Wax Center, Cl A *		116		1,089
EVgo, Cl A *		344		1,321
Expedia Group *		500		63,835
Figs, Cl A *		563		3,659
First Watch Restaurant Group *		115		1,871
Five Below *		207		15,057
Flexsteel Industries		13		493
Floor & Decor Holdings, Cl A *		405		39,690
Foot Locker		297		8,631
Ford Motor		14,929		161,532
Fox Factory Holding *		155		8,275
Frontdoor *		293		11,562
Funko, Cl A *		114		1,139

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
CONSUMER DISCRETIONARY— continued
GameStop, Cl A *		1,015	$	23,010
Gap		844		19,817
Garmin		590		101,038
Garrett Motion *		846		7,411
General Motors		4,404		195,185
Genesco *		39		1,202
Gentex		886		27,519
Gentherm *		115		6,346
Genuine Parts		534		78,557
G-III Apparel Group *		146		4,025
Goodyear Tire & Rubber *		1,075		12,577
GoPro, Cl A *		437		664
Graham Holdings, Cl B		12		9,298
Grand Canyon Education *		113		17,622
Green Brick Partners *		149		10,899
Group 1 Automotive		50		18,286
Groupon, Cl A *		77		1,026
GrowGeneration *		208		480
Guess?		94		2,261
H&R Block		530		30,708
Hamilton Beach Brands Holding, Cl A		21		410
Hanesbrands *		1,284		7,627
Harley-Davidson		521		19,537
Hasbro		499		32,166
Haverty Furniture		51		1,493
Helen of Troy *		87		5,143
Hilton Grand Vacations *		263		11,364
Hilton Worldwide Holdings		947		203,292
Holley *		197		776
Home Depot		3,785		1,393,486
Hooker Furnishings		38		580
Hovnanian Enterprises, Cl A *		17		3,568
Hyatt Hotels, Cl A		168		24,751
Installed Building Products		90		24,331
iRobot *		102		1,203
J Jill		18		692
Jack in the Box		71		4,220
JAKKS Pacific *		29		610
Johnson Outdoors, Cl A		31		1,314
KB Home		282		24,275
Kohl's		396		8,577
Kontoor Brands		210		14,731
Krispy Kreme		293		3,115
Kura Sushi USA, Cl A *		22		1,265
Lands' End *		42		743
Landsea Homes *		53		646
Latham Group *		136		495
Laureate Education, Cl A		473		7,331
La-Z-Boy, Cl Z		156		6,886
LCI Industries		90		10,502
Lear		218		26,605
Legacy Housing *		37		1,054
Leggett & Platt		485		6,387
Lennar, Cl A		916		162,068
Leslie's *		650		1,917

COMMON STOCK — continued
	Shares		Value
CONSUMER DISCRETIONARY— continued
Levi Strauss, Cl A		324	$	5,939
LGI Homes *		76		8,745
Life Time Group Holdings *		216		4,486
Lifetime Brands		42		363
Lincoln Educational Services *		102		1,439
Lindblad Expeditions Holdings *		134		1,154
Lithia Motors, Cl A		104		28,738
LKQ		1,018		42,247
Lovesac *		50		1,368
Lowe's		2,200		540,122
Lucid Group *		3,178		11,187
Luminar Technologies, Cl A *		1,008		1,673
M/I Homes *		106		17,684
Macy's		1,041		17,989
Malibu Boats, Cl A *		73		2,777
Marine Products		39		413
MarineMax *		73		2,546
Marriott International, Cl A		932		211,844
Marriott Vacations Worldwide		118		9,980
MasterCraft Boat Holdings *		61		1,335
Mattel *		1,295		24,981
McDonald's		2,766		734,096
Meritage Homes		135		27,387
Mister Car Wash *		324		2,462
Modine Manufacturing *		196		23,061
Mohawk Industries *		204		32,858
Monro		108		3,329
Motorcar Parts of America *		69		417
Movado Group		56		1,450
Murphy USA		80		40,394
Nathan's Famous		10		750
National Vision Holdings *		284		4,107
Nerdy *		268		464
NIKE, Cl B		4,456		333,576
Nordstrom		362		8,265
Norwegian Cruise Line Holdings *		1,610		29,672
NVR *		11		94,682
ODP *		131		5,535
Ollie's Bargain Outlet Holdings *		235		22,945
ONE Group Hospitality *		91		461
OneWater Marine, Cl A *		40		987
O'Reilly Automotive *		224		252,300
Oxford Industries		56		5,898
Papa John's International		119		5,263
Patrick Industries		79		10,117
Peloton Interactive, Cl A *		1,164		4,144
Penske Automotive Group		69		12,014
Perdoceo Education		236		5,850
Petco Health & Wellness, Cl A *		518		1,792
PetMed Express		74		280
Phinia		168		7,510
Planet Fitness, Cl A *		333		24,542
Polaris		204		16,989
Pool		143		53,488
Portillo's, Cl A *		206		2,134
Potbelly *		86		628

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
CONSUMER DISCRETIONARY— continued
PulteGroup		809	$	106,788
Purple Innovation, Cl A *		368		508
PVH		220		22,438
QuantumScape, Cl A *		1,249		8,069
Qurate Retail *		1,266		907
Ralph Lauren, Cl A		144		25,285
RealReal *		298		1,115
Red Robin Gourmet Burgers *		51		286
Revolve Group, Cl A *		140		2,709
RH *		57		16,535
Rivian Automotive, Cl A *		2,681		43,995
Rocky Brands		25		857
Ross Stores		1,258		180,183
Royal Caribbean Cruises *		900		141,048
RumbleON, Cl B *		81		334
Sabre *		1,320		4,528
Sally Beauty Holdings *		382		4,374
Savers Value Village *		596		6,073
Service International		544		43,471
Shake Shack, Cl A *		143		12,530
Shoe Carnival		59		2,506
Signet Jewelers		163		13,713
Six Flags Entertainment		177		8,453
Skechers USA, Cl A *		507		33,021
Skyline Champion *		216		17,606
Sleep Number *		77		909
Solid Power *		491		923
Sonic Automotive, Cl A		47		2,798
Sonos *		449		6,061
Sportsman's Warehouse Holdings *		133		339
Standard Motor Products		72		2,357
Starbucks		4,223		329,183
Steven Madden		258		11,698
Stitch Fix, Cl A *		318		1,498
Stoneridge *		97		1,631
Strategic Education		88		9,275
Stride *		152		11,549
Superior Group of		42		837
Sweetgreen, Cl A *		348		9,563
Tapestry		877		35,159
Target Hospitality *		118		1,104
Taylor Morrison Home, Cl A *		398		26,698
Tempur Sealy International		643		33,661
Tesla *		10,579		2,455,069
Texas Roadhouse, Cl A		255		44,526
Thor Industries		194		20,591
ThredUp, Cl A *		284		596
Tile Shop Holdings *		95		686
Tilly's, Cl A *		82		481
TJX		4,342		490,733
Toll Brothers		396		56,513
TopBuild *		121		57,903
Topgolf Callaway Brands *		515		8,497
Tractor Supply		413		108,751
Traeger *		204		498
Travel + Leisure		262		12,076

COMMON STOCK — continued
	Shares		Value
CONSUMER DISCRETIONARY— continued
TRI Pointe Group *		358	$	16,199
Udemy *		291		2,689
Ulta Beauty *		185		67,505
Under Armour, Cl A *		694		4,837
Unifi *		52		293
United Parks & Resorts *		242		12,741
Universal Electronics *		40		476
Universal Technical Institute *		184		3,485
Upbound Group, Cl A		177		6,678
Urban Outfitters *		217		9,993
Vail Resorts		144		26,209
Valvoline *		494		22,971
Vera Bradley *		83		571
VF		1,396		23,676
Victoria's Secret *		255		4,526
Visteon *		100		11,554
Vizio Holding, Cl A *		278		3,052
Warby Parker, Cl A *		313		5,155
Wayfair, Cl A *		322		17,526
Wendy's		718		12,156
Weyco Group		21		731
Whirlpool		203		20,700
Williams-Sonoma		460		71,153
Wingstop		110		41,127
Winmark		11		4,352
Winnebago Industries		105		6,565
Wolverine World Wide		291		4,327
Worthington Enterprises		114		5,690
WW International *		284		304
Wyndham Hotels & Resorts		304		23,019
Wynn Resorts		358		29,650
XPEL *		80		3,270
Xponential Fitness, Cl A *		84		1,442
YETI Holdings *		331		13,687
Yum! Brands		1,078		143,191
Zumiez *		59		1,500
				13,499,800
CONSUMER STAPLES — 3.4%
Alico		19		560
Andersons		119		6,489
Archer-Daniels-Midland		1,899		117,757
B&G Foods		283		2,439
Beauty Health *		287		531
BellRing Brands *		498		25,543
Beyond Meat *		222		1,394
BJ's Wholesale Club Holdings *		507		44,596
Boston Beer, Cl A *		34		9,527
BRC, Cl A *		223		1,273
Brown-Forman, Cl B		1,144		51,663
Bunge Global		545		57,350
Calavo Growers		61		1,451
Cal-Maine Foods		150		10,736
Campbell Soup		763		35,754
Casey's General Stores		141		54,685
Celsius Holdings *		616		28,847

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
CONSUMER STAPLES— continued
Central Garden & Pet, Cl A *		179	$	6,150
Chefs' Warehouse *		127		5,282
Clorox		467		61,611
Coca-Cola		16,394		1,094,136
Coca-Cola Consolidated		20		22,918
Colgate-Palmolive		3,160		313,440
Conagra Brands		1,825		55,334
Constellation Brands, Cl A		587		143,909
Coty, Cl A *		1,528		15,204
Darling Ingredients *		608		24,156
Dollar General		841		101,248
Dollar Tree *		832		86,811
Duckhorn Portfolio *		184		1,336
Edgewell Personal Care		182		7,125
elf Beauty *		203		35,034
Energizer Holdings		241		7,420
Estee Lauder, Cl A		874		87,059
Flowers Foods		747		16,822
Fresh Del Monte Produce		137		3,432
Freshpet *		180		21,906
General Mills		2,160		145,023
Grocery Outlet Holding *		352		6,885
Hain Celestial Group *		330		2,554
Herbalife *		328		4,028
Hershey		571		112,761
HF Foods Group *		136		543
Honest *		219		817
Hormel Foods		1,120		35,963
Ingles Markets, Cl A		53		4,296
Ingredion		249		30,968
Inter Parfums		67		9,426
J&J Snack Foods		56		9,447
JM Smucker		399		47,053
John B Sanfilippo & Son		33		3,461
Kellanova		1,100		63,965
Kenvue		5,939		109,812
Keurig Dr Pepper		4,147		142,159
Kimberly-Clark		1,305		176,240
Kraft Heinz		4,620		162,670
Lamb Weston Holdings		543		32,591
Lancaster Colony		74		14,286
Limoneira		56		1,234
Maplebear *		397		13,693
McCormick		966		74,392
Medifast		39		855
MGP Ingredients		51		4,159
Mission Produce *		160		1,798
Molson Coors Beverage, Cl B		730		38,581
Mondelez International, Cl A		5,145		351,661
Monster Beverage *		2,894		148,896
National Beverage		80		3,903
Natural Grocers by Vitamin Cottage		27		737
Nature's Sunshine Products *		54		924
Nu Skin Enterprises, Cl A		178		1,997
Oil-Dri Corp of America		18		1,172

COMMON STOCK — continued
	Shares		Value
CONSUMER STAPLES— continued
Olaplex Holdings *		465	$	967
PepsiCo		5,249		906,345
Performance Food Group *		581		40,089
Pilgrim's Pride *		151		6,226
Post Holdings *		209		22,856
PriceSmart		90		8,220
Reynolds Consumer Products		200		5,564
Seaboard		1		3,248
Seneca Foods, Cl A *		18		1,086
Simply Good Foods *		350		11,872
SpartanNash		126		2,661
Spectrum Brands Holdings		108		9,138
Sprouts Farmers Market *		370		36,959
Sysco		1,906		146,095
Target		1,765		265,474
Tootsie Roll Industries		52		1,613
TreeHouse Foods *		197		7,935
Tyson Foods, Cl A		1,070		65,163
United Natural Foods *		214		3,317
US Foods Holding *		933		50,746
USANA Health Sciences *		42		1,873
Utz Brands		246		3,651
Village Super Market, Cl A		33		1,045
Vita Coco *		141		3,643
Vital Farms *		100		3,649
Waldencast, Cl A *		51		160
WD-40		50		13,081
Weis Markets		60		4,527
Westrock Coffee *		107		1,059
Whole Earth Brands *		99		482
WK Kellogg		240		4,224
				5,952,846
ENERGY — 4.5%
Aemetis *		142		456
Amplify Energy *		135		1,014
Antero Midstream		1,274		18,295
Antero Resources *		1,078		31,283
APA		1,431		44,623
Archrock		496		10,282
Ardmore Shipping		137		2,970
Atlas Energy Solutions, Cl A		222		4,715
Baker Hughes, Cl A		3,827		148,181
Berry		267		1,832
Bristow Group *		101		3,833
Cactus, Cl A		249		15,717
California Resources		221		11,368
Centrus Energy, Cl A *		48		2,097
ChampionX		728		24,941
Cheniere Energy		874		159,627
Chesapeake Energy		417		31,830
Chevron		7,141		1,145,916
Chord Energy		157		26,996
Civitas Resources		309		21,561
Clean Energy Fuels *		600		1,710
CNX Resources *		564		14,929

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
ENERGY— continued
Comstock Resources		293	$	2,775
ConocoPhillips		4,499		500,289
CONSOL Energy *		108		10,779
Core Laboratories		172		4,212
Coterra Energy		2,845		73,401
Crescent Energy, Cl A		514		6,287
CVR Energy		368		10,525
Delek US Holdings		230		5,469
Devon Energy		2,431		114,330
DHT Holdings		493		5,793
Diamond Offshore Drilling *		374		6,141
Diamondback Energy		678		137,166
DMC Global *		69		932
Dorian LPG		138		5,639
Dril-Quip *		125		2,165
DT Midstream		373		28,109
Empire Petroleum *		71		388
EOG Resources		2,217		281,116
Equities		2,185		75,409
Evolution Petroleum		110		618
Excelerate Energy, Cl A		91		1,832
Expro Group Holdings *		389		9,033
Exxon Mobil		17,278		2,049,018
Forum Energy Technologies *		41		756
FutureFuel		93		520
Gevo *		864		502
Granite Ridge Resources		192		1,315
Green Plains *		230		4,078
Gulfport Energy *		66		9,716
Hallador Energy *		88		700
Halliburton		3,394		117,704
Helix Energy Solutions Group *		527		6,219
Helmerich & Payne		367		14,834
Hess		1,066		163,546
Hess Midstream, Cl A		290		10,869
HF Sinclair		673		34,639
HighPeak Energy		76		1,278
International Seaways		125		7,000
Kinder Morgan		7,437		157,144
Kinetik Holdings, Cl A		143		5,932
KLX Energy Services Holdings *		49		338
Kodiak Gas Services		65		1,875
Liberty Energy, Cl A		619		14,949
Magnolia Oil & Gas, Cl A		660		17,978
Mammoth Energy Services *		169		679
Marathon Oil		2,225		62,411
Marathon Petroleum		1,381		244,465
Matador Resources		448		27,543
Murphy Oil		553		22,883
Nabors Industries *		32		3,291
NACCO Industries, Cl A		12		361
New Fortress Energy, Cl A		388		7,659
Newpark Resources *		278		2,296
NextDecade *		592		4,801
Noble PLC		425		20,069
Northern Oil & Gas		360		15,548

COMMON STOCK — continued
	Shares		Value
ENERGY— continued
NOV		1,501	$	31,251
Occidental Petroleum		3,400		206,788
Oceaneering International *		364		10,927
Oil States International *		222		1,270
ONEOK		2,232		185,993
Ovintiv		972		45,140
Par Pacific Holdings *		210		5,576
Patterson-UTI Energy		1,366		15,016
PBF Energy, Cl A		396		16,137
Peabody Energy		469		10,416
Permian Resources, Cl A		1,611		24,719
Phillips 66		1,640		238,587
ProFrac Holding, Cl A *		67		622
ProPetro Holding *		295		2,829
Range Resources		911		28,450
Ranger Energy Services, Cl A		59		765
REX American Resources *		56		2,845
Riley Exploration Permian		23		674
Ring Energy *		464		914
RPC		352		2,629
SandRidge Energy		134		1,821
Schlumberger		5,454		263,374
SEACOR Marine Holdings *		90		1,247
Select Water Solutions, Cl A		346		4,090
Sitio Royalties, Cl A		287		6,981
SM Energy		403		18,619
Solaris Oilfield Infrastructure, Cl A		88		1,157
Southwestern Energy *		3,978		25,658
Talos Energy *		537		6,358
Targa Resources		837		113,229
TechnipFMC PLC		1,663		49,059
Teekay *		215		1,864
Tellurian *		2,610		2,408
TETRA Technologies *		430		1,604
Texas Pacific Land		88		74,351
Tidewater *		177		17,516
Transocean *		2,773		16,056
Uranium Energy *		1,467		8,699
US Silica Holdings *		279		4,322
VAALCO Energy		366		2,621
Valero Energy		1,269		205,223
Vertex Energy *		313		232
Viper Energy, Cl A		310		13,228
Vital Energy *		79		3,445
Vitesse Energy		87		2,259
W&T Offshore		361		870
Weatherford International *		272		32,058
Williams		4,674		200,702
World Kinect		214		5,977
				7,956,076
FINANCIALS — 15.3%
1st Source		71		4,512
Acacia Research *		362		1,937
ACNB		30		1,244

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Affiliated Managers Group		123	$	22,831
Affirm Holdings, Cl A *		933		26,395
Aflac		1,957		186,659
AGNC Investment ^‡		2,641		26,436
Alerus Financial		65		1,459
Allstate		988		169,067
Ally Financial		1,154		51,942
AlTi Global *		125		612
Amalgamated Financial		65		2,068
Ambac Financial Group *		163		2,150
Amerant Bancorp, Cl A		108		2,429
American Coastal Insurance *		83		1,013
American Express		2,750		695,860
American Financial Group		299		39,157
American International Group		2,524		199,977
Ameriprise Financial		383		164,717
Ameris Bancorp		250		15,223
AMERISAFE		70		3,324
Ames National		33		720
Angel Oak Mortgage REIT ^‡		69		869
Annaly Capital Management ^‡		1,905		37,929
Aon PLC, Cl A		752		247,040
Apollo Commercial Real Estate Finance ^‡		518		5,646
Apollo Global Management		1,557		195,147
Arbor Realty Trust ^‡		629		8,491
Arch Capital Group *		1,393		133,422
Ares Commercial Real Estate ^‡		189		1,461
Ares Management, Cl A		623		95,444
ARMOUR Residential REIT ^‡		179		3,624
Arrow Financial		60		1,891
Arthur J Gallagher		821		232,745
Artisan Partners Asset Management, Cl A		248		10,952
AssetMark Financial Holdings *		80		2,760
Associated Banc-Corp		570		13,099
Associated Capital Group		9		306
Assurant		198		34,624
Assured Guaranty		200		16,474
Atlantic Union Bankshares		325		13,419
Atlanticus Holdings *		18		644
AvidXchange Holdings *		577		5,158
Axis Capital Holdings		294		22,271
Axos Financial *		189		13,799
B. Riley Financial		60		1,152
Baldwin Insurance Group, Cl A *		236		10,323
Banc of California		569		7,952
BancFirst		73		7,842
Bancorp *		177		9,176
Bank First		33		3,059
Bank of America		30,113		1,213,855
Bank of Hawaii		144		9,877
Bank of Marin Bancorp		53		1,076
Bank of New York Mellon		2,883		187,597
Bank OZK		416		19,506
Bank7		14		581

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
BankUnited		272	$	10,477
Bankwell Financial Group		21		591
Banner		124		7,343
Bar Harbor Bankshares		55		1,758
BayCom		40		964
BCB Bancorp		55		697
Berkshire Hathaway, Cl B *		4,989		2,187,677
Berkshire Hills Bancorp		159		4,388
BGC Group, Cl A		1,350		12,434
BlackRock, Cl A		562		492,593
Blackstone, Cl A		2,713		385,653
Blackstone Mortgage Trust, Cl A ^‡		604		10,781
Block, Cl A *		2,061		127,535
Blue Foundry Bancorp *		77		869
Blue Owl Capital, Cl A		1,696		32,343
BOK Financial		96		9,873
Bread Financial Holdings		179		9,770
Bridgewater Bancshares *		73		1,008
Brighthouse Financial *		230		11,470
Brightsphere Investment Group		140		3,667
BrightSpire Capital, Cl A ^‡		470		2,693
Brookfield Asset Management, Cl A		130		5,672
Brookline Bancorp		317		3,320
Brown & Brown		902		89,686
Burke & Herbert Financial Services		46		3,093
Business First Bancshares		87		2,212
Byline Bancorp		93		2,609
C&F Financial		12		714
Cadence Bank		699		22,976
Camden National		52		2,167
Cannae Holdings		212		4,263
Cantaloupe *		244		1,901
Capital Bancorp		33		841
Capital City Bank Group		50		1,775
Capital One Financial		1,450		219,530
Capitol Federal Financial		458		2,895
Carlyle Group		773		38,449
Carter Bankshares *		82		1,336
Cass Information Systems		45		1,932
Cathay General Bancorp		255		11,302
Cboe Global Markets		405		74,322
Central Pacific Financial		97		2,531
Charles Schwab		6,381		415,977
Chemung Financial		13		634
Chimera Investment ^‡		289		4,227
ChoiceOne Financial Services		25		688
Chubb		1,551		427,549
Cincinnati Financial		591		77,196
Citigroup		7,310		474,273
Citizens, Cl A *		165		427
Citizens & Northern		54		1,094
Citizens Financial Group		1,746		74,502
Citizens Financial Services		16		864
City Holding		53		6,461

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Civista Bancshares		56	$	1,005
Claros Mortgage Trust ^‡		471		4,479
CME Group, Cl A		1,374		266,158
CNA Financial		1,032		50,733
CNB Financial		75		1,925
CNO Financial Group		390		13,595
Coastal Financial *		39		2,055
Cohen & Steers		95		8,153
Coinbase Global, Cl A *		643		144,263
Colony Bankcorp		60		932
Columbia Banking System		804		21,033
Columbia Financial *		100		1,801
Comerica		503		27,569
Commerce Bancshares		482		31,210
Community Financial System		195		12,028
Community Trust Bancorp		64		3,246
Community West Bancshares		58		1,203
ConnectOne Bancorp		132		3,197
Corebridge Financial		901		26,625
Corpay *		267		77,916
Crawford, Cl A		56		548
Credit Acceptance *		25		14,373
CrossFirst Bankshares *		162		3,003
Cullen		229		26,807
Customers Bancorp *		107		6,899
CVB Financial		485		9,244
Diamond Hill Investment Group		10		1,592
Dime Community Bancshares		135		3,413
Discover Financial Services		957		137,798
Donegal Group, Cl A		57		840
Donnelley Financial Solutions *		101		6,815
Dynex Capital ^‡		212		2,580
Eagle Bancorp		107		2,303
East West Bancorp		532		46,757
Eastern Bankshares		722		12,011
eHealth *		98		520
Ellington Financial ^‡		300		3,807
Employers Holdings		92		4,417
Enact Holdings		111		3,777
Encore Capital Group *		84		4,246
Enova International *		99		8,561
Enstar Group *		48		15,571
Enterprise Bancorp		35		1,034
Enterprise Financial Services		136		7,190
Equitable Holdings		1,245		54,294
Equity Bancshares, Cl A		49		1,985
Erie Indemnity, Cl A		97		42,792
Esquire Financial Holdings		25		1,542
ESSA Bancorp		31		595
Essent Group		397		24,947
Euronet Worldwide *		166		16,930
Evans Bancorp		19		663
Evercore, Cl A		137		34,303
Everest Group		127		49,894
EZCORP, Cl A *		190		1,980
F&G Annuities & Life		476		20,530

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
FactSet Research Systems		146	$	60,311
Farmers & Merchants Bancorp		47		1,294
Farmers National Banc		133		2,076
FB Financial		129		6,023
Federal Agricultural Mortgage, Cl C		34		7,011
Federated Hermes, Cl B		298		10,230
Fidelity D&D Bancorp		17		882
Fidelity National Financial		991		54,911
Fidelity National Information Services		2,209		169,717
Fifth Third Bancorp		2,612		110,592
Financial Institutions		55		1,448
First American Financial		377		22,839
First Bancorp		35		985
First Bancorp		147		6,145
First Bancshares		104		3,465
First Bank		91		1,405
First Busey		195		5,351
First Business Financial Services		29		1,335
First Citizens BancShares, Cl A		39		81,420
First Commonwealth Financial		371		6,708
First Community		27		608
First Community Bankshares		58		2,597
First Financial		42		1,888
First Financial Bancorp		344		9,412
First Financial Bankshares		526		20,230
First Foundation		190		1,330
First Hawaiian		469		11,744
First Horizon		2,104		35,200
First Internet Bancorp		29		1,075
First Interstate BancSystem, Cl A		332		10,467
First Merchants		216		8,716
First Mid Bancshares		75		2,879
First of Long Island		78		1,023
First Western Financial *		29		526
FirstCash Holdings		147		16,405
Fiserv *		2,244		367,051
Five Star Bancorp		49		1,441
Flushing Financial		101		1,488
Flywire *		433		7,928
FNB		1,361		20,878
Forge Global Holdings *		383		555
Franklin BSP Realty Trust ^‡		300		4,152
Franklin Resources		1,078		24,654
FS Bancorp		24		1,057
Fulton Financial		589		11,409
FVCBankcorp *		55		697
GCM Grosvenor		154		1,714
Genworth Financial, Cl A *		1,583		10,717
German American Bancorp		104		4,091
Glacier Bancorp		434		19,404
Global Payments		979		99,506
Globe Life		350		32,459
GoHealth, Cl A *		29		380
Goldman Sachs Group		1,233		627,634

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Goosehead Insurance, Cl A *		89	$	8,036
Granite Point Mortgage Trust ^‡		183		545
Great Ajax ^‡		96		337
Great Southern Bancorp		32		2,004
Green Dot, Cl A *		183		1,749
Greene County Bancorp		26		943
Greenlight Capital Re, Cl A *		96		1,325
Guaranty Bancshares		30		1,036
HA Sustainable Infrastructure Capital		426		13,960
Hagerty, Cl A *		278		3,075
Hamilton Lane, Cl A		138		19,923
Hancock Whitney		331		18,116
Hanmi Financial		110		2,244
Hanover Insurance Group		136		18,699
HarborOne Bancorp		146		1,949
Hartford Financial Services Group		1,137		126,116
HBT Financial		46		1,058
HCI Group		28		2,639
Heartland Financial USA		146		7,960
Heritage Commerce		217		2,246
Heritage Financial		127		2,943
Heritage Insurance Holdings *		99		791
Hilltop Holdings		168		5,542
Hingham Institution For Savings The		6		1,492
Hippo Holdings *		46		816
Home Bancorp		26		1,147
Home BancShares		716		20,284
HomeStreet		65		936
HomeTrust Bancshares		53		1,880
Hope Bancorp		421		5,540
Horace Mann Educators		150		5,185
Horizon Bancorp		158		2,523
Houlihan Lokey, Cl A		199		29,900
Huntington Bancshares		5,516		82,464
I3 Verticals, Cl A *		82		2,010
Independent Bank		156		10,003
Independent Bank Group		132		7,796
Independent Bank/MI		74		2,567
Interactive Brokers Group, Cl A		395		47,112
Intercontinental Exchange		2,175		329,643
International Bancshares		205		13,825
International Money Express *		112		2,488
Invesco		1,694		29,238
Invesco Mortgage Capital ^‡		180		1,633
Investors Title		5		1,064
Jack Henry & Associates		279		47,843
Jackson Financial, Cl A		288		25,361
James River Group Holdings		132		1,140
Jefferies Financial Group		598		34,965
John Marshall Bancorp		44		851
JPMorgan Chase		10,944		2,328,883
Kearny Financial		209		1,505
Kemper		236		15,118
KeyCorp		3,568		57,552

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Kingsway Financial Services *		75	$	636
Kinsale Capital Group		83		37,937
KKR Real Estate Finance Trust ^‡		219		2,514
Ladder Capital, Cl A ^‡		413		4,956
Lakeland Financial		93		6,373
Lazard, Cl A		309		15,194
LCNB		45		688
Lemonade *		185		3,336
LendingClub *		388		4,854
LendingTree *		41		2,182
Lincoln National		650		21,645
Live Oak Bancshares		124		5,597
Loews		708		56,605
LPL Financial Holdings		284		62,912
M&T Bank		639		109,957
Macatawa Bank		96		1,423
MainStreet Bancshares		25		446
Markel Group *		49		80,304
MarketAxess Holdings		142		31,741
Marqeta, Cl A *		1,426		7,686
Marsh & McLennan		1,886		419,767
Mastercard, Cl A		3,175		1,472,279
MBIA		163		717
Mercantile Bank		58		2,805
Merchants Bancorp		63		2,812
Mercury General		98		5,867
MetLife		2,336		179,522
Metrocity Bankshares		66		2,086
Metropolitan Bank Holding *		35		1,846
MFA Financial ^‡		373		4,177
MGIC Investment		1,022		25,386
Mid Penn Bancorp		53		1,571
Middlefield Banc		27		728
Midland States Bancorp		75		1,780
MidWestOne Financial Group		53		1,553
Moelis, Cl A		254		17,272
Moneylion *		17		1,172
Moody's		699		319,080
Morgan Stanley		4,785		493,860
Morningstar		103		32,718
Mr Cooper Group *		240		21,571
MSCI, Cl A		294		158,983
MVB Financial		44		1,011
Nasdaq		1,473		99,693
National Bank Holdings, Cl A		137		5,738
National Bankshares		21		667
Navient		396		6,498
NBT Bancorp		170		8,333
NCR Atleos *		260		8,359
Nelnet, Cl A		62		6,988
NerdWallet, Cl A *		139		2,034
New York Community Bancorp		915		9,628
New York Mortgage Trust ^‡		345		2,237
NewtekOne		85		1,189
Nexpoint Real Estate Finance ^‡		62		895
NI Holdings *		23		378

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Nicolet Bankshares		48	$	4,827
NMI Holdings, Cl A *		293		11,530
Northeast Bank		29		2,107
Northeast Community Bancorp		45		1,025
Northern Trust		767		67,995
Northfield Bancorp		144		1,801
Northrim BanCorp		20		1,368
Northwest Bancshares		446		6,262
Norwood Financial		27		796
Oak Valley Bancorp		25		712
OceanFirst Financial		210		3,816
Old National Bancorp		1,199		24,004
Old Republic International		989		34,239
Old Second Bancorp		157		2,656
OneMain Holdings, Cl A		454		23,726
Onity Group *		22		643
Open Lending, Cl A *		359		2,262
Oppenheimer Holdings, Cl A		22		1,131
Orange County Bancorp		17		1,057
Orchid Island Capital, Cl A ^‡		194		1,560
Origin Bancorp		104		3,573
Orrstown Financial Services		66		2,321
Oscar Health, Cl A *		531		9,388
P10, Cl A		167		1,665
Pacific Premier Bancorp		346		9,363
Palomar Holdings *		88		8,097
Park National		58		10,264
Parke Bancorp		38		743
Paymentus Holdings, Cl A *		58		1,227
Payoneer Global *		1,036		5,729
PayPal Holdings *		4,001		263,186
Paysafe *		115		2,414
Paysign *		120		640
PCB Bancorp		41		790
Peapack-Gladstone Financial		56		1,583
Penns Woods Bancorp		26		619
PennyMac Financial Services		179		17,563
PennyMac Mortgage Investment Trust ^‡		316		4,351
Peoples Bancorp		123		4,092
Peoples Financial Services		22		1,093
Perella Weinberg Partners, Cl A		144		2,722
Pinnacle Financial Partners		289		27,836
Pioneer Bancorp *		43		479
Piper Sandler		66		18,036
PJT Partners		81		10,768
Plumas Bancorp		19		822
PNC Financial Services Group		1,522		275,634
Ponce Financial Group *		69		683
PRA Group *		139		3,704
Preferred Bank		55		4,733
Premier Financial		129		3,269
Primerica		133		33,485
Primis Financial		77		1,016
Princeton Bancorp		17		665
Principal Financial Group		898		73,196

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
ProAssurance *		186	$	2,437
PROG Holdings		157		7,074
Progressive		2,231		477,702
Prosperity Bancshares		343		24,874
Provident Bancorp *		57		621
Provident Financial Services		445		8,241
Prudential Financial		1,376		172,440
QCR Holdings		60		4,586
Radian Group		561		20,813
Raymond James Financial		724		84,013
RBB Bancorp		54		1,246
Ready Capital ^‡		630		5,849
Red River Bancshares		16		892
Redwood Trust ^‡		483		3,511
Regional Management		30		981
Regions Financial		3,450		77,176
Reinsurance Group of America, Cl A		251		56,583
Remitly Global *		604		7,979
Renasant		201		6,912
Repay Holdings, Cl A *		298		2,867
Republic Bancorp, Cl A		32		2,100
Rithm Capital ^‡		1,848		21,455
RLI		155		23,341
Robinhood Markets, Cl A *		1,672		34,393
Rocket, Cl A *		448		7,253
Root, Cl A *		24		1,446
Ryan Specialty Holdings, Cl A		373		22,973
S&P Global		1,227		594,788
S&T Bancorp		140		6,213
Safety Insurance Group		53		4,534
Sandy Spring Bancorp		160		4,901
Seacoast Banking Corp of Florida		308		8,582
Security National Financial, Cl A *		51		424
SEI Investments		415		28,154
Selective Insurance Group		230		20,774
Selectquote *		494		2,020
ServisFirst Bancshares		191		15,326
Shift4 Payments, Cl A *		212		14,583
Shore Bancshares		111		1,612
Sierra Bancorp		48		1,396
Silvercrest Asset Management Group, Cl A		35		621
Simmons First National, Cl A		455		9,797
Skyward Specialty Insurance Group *		101		3,997
SLM		1,221		27,704
SmartFinancial		52		1,474
SoFi Technologies *		3,742		28,215
South Plains Financial		44		1,427
Southern First Bancshares *		28		969
Southern Missouri Bancorp		35		2,002
Southern States Bancshares		27		883
Southside Bancshares		106		3,709
SouthState		289		28,638

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Starwood Property Trust ^‡		1,133	$	22,603
State Street		1,154		98,055
Stellar Bancorp		180		4,938
StepStone Group, Cl A		205		10,303
Sterling Bancorp *		66		384
Stewart Information Services		100		7,070
Stifel Financial		380		33,695
Stock Yards Bancorp		99		6,160
StoneX Group *		101		8,376
SWK Holdings *		45		792
Synchrony Financial		1,550		78,725
Synovus Financial		559		26,133
T Rowe Price Group		839		95,822
Texas Capital Bancshares *		169		11,171
TFS Financial		192		2,604
Third Coast Bancshares *		43		1,005
Timberland Bancorp		27		825
Tiptree		79		1,560
Toast, Cl A *		1,389		36,336
Tompkins Financial		48		3,021
Towne Bank		250		8,310
TPG, Cl A		306		15,603
TPG RE Finance Trust ^‡		261		2,281
Tradeweb Markets, Cl A		441		49,251
Travelers		875		189,385
TriCo Bancshares		114		5,304
Triumph Financial *		82		7,440
Truist Financial		5,104		228,098
Trupanion *		114		4,225
TrustCo Bank NY		68		2,421
Trustmark		208		7,224
Two Harbors Investment ^‡		380		5,115
UMB Financial		175		17,853
United Bankshares		521		20,283
United Community Banks		438		13,547
United Fire Group		78		1,748
Unity Bancorp		27		935
Universal Insurance Holdings		96		1,902
Univest Financial		107		2,959
Unum Group		727		41,824
Upstart Holdings *		271		7,569
US Bancorp		5,966		267,754
USCB Financial Holdings		38		633
UWM Holdings		316		2,654
Valley National Bancorp		1,583		13,297
Velocity Financial *		71		1,344
Veritex Holdings		195		4,889
Victory Capital Holdings, Cl A		163		8,540
Virginia National Bankshares		17		664
Virtu Financial, Cl A		312		8,524
Virtus Investment Partners		25		5,650
Visa, Cl A		6,052		1,607,835
Voya Financial		386		28,074
WaFd		297		10,587
Walker & Dunlop		123		13,149
Washington Trust Bancorp		62		1,985

COMMON STOCK — continued
	Shares		Value
FINANCIALS— continued
Waterstone Financial		61	$	910
Webster Financial		653		32,395
Wells Fargo		13,505		801,387
WesBanco		212		6,759
West Bancorporation		54		1,120
Westamerica Bancorporation		94		5,072
Western Alliance Bancorp		414		33,310
Western Union		1,309		15,564
WEX *		159		29,169
Willis Towers Watson PLC		391		110,371
Wintrust Financial		234		25,319
WisdomTree		435		5,194
World Acceptance *		19		2,320
WR Berkley		1,153		63,551
WSFS Financial		220		12,450
Zions Bancorp		560		28,935
				26,928,308
HEALTH CARE — 3.1%
2seventy bio *		168		793
Absci *		321		1,412
ACADIA Pharmaceuticals *		604		11,488
Accuray *		395		727
Acumen Pharmaceuticals *		161		531
AdaptHealth, Cl A *		260		2,954
Adaptive Biotechnologies *		512		2,330
Adicet Bio *		247		373
ADMA Biologics *		824		10,119
Adverum Biotechnologies *		56		413
Aerovate Therapeutics *		64		116
Agenus *		75		453
Agios Pharmaceuticals *		209		9,698
Akebia Therapeutics *		685		945
Akero Therapeutics *		213		5,693
Aldeyra Therapeutics *		209		823
Alector *		266		1,596
Align Technology *		269		62,376
Alkermes PLC *		640		17,485
Allakos *		293		264
Allogene Therapeutics *		387		1,138
Alnylam Pharmaceuticals *		483		114,693
Alphatec Holdings *		351		3,545
ALX Oncology Holdings *		101		485
American Well, Cl A *		42		332
Amicus Therapeutics *		1,059		10,918
Anavex Life Sciences *		138		938
AngioDynamics *		143		1,121
Anika Therapeutics *		52		1,417
Annexon *		317		2,032
Apellis Pharmaceuticals *		379		15,008
Apogee Therapeutics *		131		6,380
Applied Therapeutics *		330		1,960
Arcus Biosciences *		175		2,872
Arcutis Biotherapeutics *		360		3,625
Arrowhead Pharmaceuticals *		435		12,424
ARS Pharmaceuticals *		156		1,696

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
Artivion *		145	$	3,937
Astria Therapeutics *		165		1,927
Atara Biotherapeutics *		16		160
Atossa Therapeutics *		463		625
AtriCure *		184		3,969
Atrion		5		2,291
Avanos Medical *		167		3,995
Avidity Biosciences *		261		11,896
Avita Medical *		91		892
Axonics *		193		13,217
Azenta *		202		12,583
BioCryst Pharmaceuticals *		731		5,322
BioLife Solutions *		160		3,843
BioMarin Pharmaceutical *		713		60,127
Biomea Fusion *		102		568
Blueprint Medicines *		229		24,801
Boston Scientific *		5,616		414,910
Butterfly Network *		455		500
Cardiff Oncology *		152		356
Cardinal Health		927		93,469
CareDx *		182		3,638
Catalyst Pharmaceuticals *		367		6,327
Celcuity *		78		1,430
Cencora, Cl A		663		157,714
Cerevel Therapeutics Holdings *		333		14,972
Certara *		403		6,291
Cerus *		636		1,437
ChromaDex *		165		493
Cogent Biosciences *		357		3,366
Coherus Biosciences *		396		610
CONMED		113		7,802
Crinetics Pharmaceuticals *		278		14,767
CryoPort *		177		1,634
Cullinan Therapeutics *		97		1,877
CVRx *		34		291
Cytokinetics *		383		22,601
CytomX Therapeutics *		245		338
Day One Biopharmaceuticals *		221		3,162
Definitive Healthcare, Cl A *		180		702
Denali Therapeutics *		425		10,357
DENTSPLY SIRONA		793		21,522
Design Therapeutics *		122		622
Dexcom *		1,454		98,610
Doximity, Cl A *		453		12,684
Dyne Therapeutics *		189		8,110
Edwards Lifesciences *		2,272		143,250
Embecta		204		3,197
Entrada Therapeutics *		66		1,087
Envista Holdings *		657		11,215
Erasca *		332		1,046
Evolent Health, Cl A *		405		9,445
Exact Sciences *		691		31,565
Exelixis *		1,101		25,818
Fate Therapeutics *		378		2,015
Foghorn Therapeutics *		69		484
Fortrea Holdings *		330		9,105

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
Glaukos *		188	$	22,028
Globus Medical, Cl A *		430		30,961
GoodRx Holdings, Cl A *		285		2,579
Gossamer Bio *		706		638
Haemonetics *		193		17,380
Halozyme Therapeutics *		483		26,691
Harvard Bioscience *		149		477
Health Catalyst *		206		1,518
HealthStream		88		2,614
Henry Schein *		486		34,963
Heron Therapeutics *		528		1,568
HilleVax *		60		110
Hologic *		887		72,388
Humacyte *		327		3,093
ICU Medical *		78		9,904
Ideaya Biosciences *		244		10,504
IDEXX Laboratories *		316		150,454
IGM Biosciences *		77		859
Immunic *		314		449
Immunovant *		229		6,657
Inari Medical *		184		8,567
Inogen *		84		777
Inozyme Pharma *		152		882
Insmed *		546		39,721
Inspire Medical Systems *		113		15,939
Insulet *		267		51,891
Integer Holdings *		127		15,082
Integra LifeSciences Holdings *		244		6,054
Intuitive Surgical *		1,351		600,668
Invivyd *		223		279
IQVIA Holdings *		691		170,145
iRadimed		29		1,355
iRhythm Technologies *		117		10,091
iTeos Therapeutics *		106		1,865
Janux Therapeutics *		127		5,156
KalVista Pharmaceuticals *		111		1,614
Kiniksa Pharmaceuticals International, Cl A *		141		3,751
Kodiak Sciences *		180		524
KORU Medical Systems *		158		367
Krystal Biotech *		90		18,761
Kura Oncology *		235		4,890
Kymera Therapeutics *		200		9,240
Lantheus Holdings *		257		26,941
Larimar Therapeutics *		139		1,166
LeMaitre Vascular		74		6,430
LENZ Therapeutics		66		1,639
Lexicon Pharmaceuticals *		886		1,993
Lifecore Biomedical *		111		703
LivaNova PLC *		237		11,708
Lyell Immunopharma *		428		689
Madrigal Pharmaceuticals *		65		18,503
MannKind *		949		5,466
Masimo *		187		20,005
McKesson		503		310,361
Medpace Holdings *		98		37,487

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
Medtronic PLC		5,102	$	409,793
Merit Medical Systems *		217		18,508
Mesa Laboratories		19		2,176
Mettler-Toledo International *		81		123,203
Mineralys Therapeutics *		86		1,066
Mirati Therapeutics *		201		141
Mirum Pharmaceuticals *		135		5,474
Monte Rosa Therapeutics *		115		520
Morphic Holding *		143		8,102
Multiplan *		1,009		454
Myriad Genetics *		318		8,894
Nautilus Biotechnology, Cl A *		211		572
Neogen *		833		14,186
Neurocrine Biosciences *		371		52,522
Neurogene *		43		1,769
Neuronetics *		99		185
NeuroPace *		48		371
Nevro *		128		1,271
Nkarta *		133		855
Nurix Therapeutics *		200		4,376
Nuvalent, Cl A *		120		9,593
Olema Pharmaceuticals *		180		2,909
Omnicell *		166		4,849
OptimizeRx *		59		644
OraSure Technologies *		255		1,142
Organogenesis Holdings, Cl A *		286		864
ORIC Pharmaceuticals *		148		1,658
Orthofix Medical *		133		2,139
OrthoPediatrics *		60		1,847
Outlook Therapeutics *		59		457
Outset Medical *		174		618
Owens & Minor *		256		4,203
Paragon 28 *		135		1,052
Patterson		294		7,423
PDL BioPharma *,(A)		64		—
PDS Biotechnology *		128		456
Penumbra *		142		23,727
PepGen *		100		1,143
PetIQ, Cl A *		101		2,210
Phreesia *		193		4,815
Prelude Therapeutics *		125		796
Prime Medicine *		174		976
PROCEPT BioRobotics *		175		11,081
Protagonist Therapeutics *		202		7,563
PTC Therapeutics *		275		9,309
Pulmonx *		103		712
Pulse Biosciences *		60		898
Puma Biotechnology *		128		459
Pyxis Oncology *		171		670
Quanterix *		128		1,889
Quantum-Si *		364		397
QuidelOrtho *		89		3,495
RAPT Therapeutics *		113		355
Recursion Pharmaceuticals, Cl A *		538		4,412
Renovaro *		377		275
Replimune Group, Cl Rights *		165		1,650

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
ResMed		560	$	119,420
Rigel Pharmaceuticals *		64		673
RxSight *		115		5,264
Sanara Medtech *		13		415
Schrodinger *		249		5,548
Scilex Holding Co - Restricted *		122		1,239
Seer, Cl A *		171		339
Semler Scientific *		20		663
Senseonics Holdings *		1,732		735
Sera Prognostics, Cl A *		66		547
Seres Therapeutics *		446		598
Sharecare *		1,047		1,434
SI-BONE *		137		2,082
Sight Sciences *		99		770
Silk Road Medical *		136		3,673
Simulations Plus		60		2,450
Sotera Health *		467		6,477
SpringWorks Therapeutics *		226		8,116
Spyre Therapeutics *		125		3,437
STAAR Surgical *		179		7,384
Stereotaxis *		257		514
STERIS PLC		378		90,251
Stryker		1,368		447,952
Summit Therapeutics *		307		3,316
Surmodics *		50		2,070
Sutro Biopharma *		273		1,084
Syndax Pharmaceuticals *		298		6,765
Syros Pharmaceuticals *		68		408
Tactile Systems Technology *		86		1,098
Tandem Diabetes Care *		237		8,764
Tango Therapeutics *		203		2,000
Tela Bio *		60		267
Teladoc Health *		615		5,799
Teleflex		181		39,986
TG Therapeutics *		512		10,117
Tourmaline Bio		57		962
TransMedics Group *		120		17,071
Travere Therapeutics *		274		2,614
Treace Medical Concepts *		167		1,207
TruBridge *		51		572
Twist Bioscience *		204		11,385
Tyra Biosciences *		107		2,371
UFP Technologies *		27		8,683
United Therapeutics *		166		52,006
Vanda Pharmaceuticals *		202		1,180
Varex Imaging *		148		2,189
Vaxcyte *		398		31,398
Veeva Systems, Cl A *		564		108,248
Vera Therapeutics, Cl A *		146		5,342
Veracyte *		274		6,576
Verastem *		76		198
Verve Therapeutics *		200		1,400
Viking Therapeutics *		387		22,059
Viridian Therapeutics *		206		3,471
Vor BioPharma *		225		209
West Pharmaceutical Services		279		85,421

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
HEALTH CARE— continued
X4 Pharmaceuticals *		442	$	354
XOMA Royalty *		43		1,151
Y-mAbs Therapeutics *		122		1,498
Zimmer Biomet Holdings		786		87,521
Zimvie *		97		2,051
Zymeworks *		240		2,510
Zynex *		64		576
				5,439,692
INDUSTRIALS — 9.2%
374Water *		232		281
3D Systems *		476		1,737
3M		2,117		270,023
AAON		261		23,062
AAR *		124		8,010
ABM Industries		239		13,279
ACCO Brands		333		1,702
Acuity Brands		118		29,659
ACV Auctions, Cl A *		525		8,967
Advanced Drainage Systems		267		47,270
AECOM		519		47,027
AeroVironment *		107		19,104
AerSale *		106		714
AGCO		238		22,472
Air Lease, Cl A		397		19,699
Air Transport Services Group *		188		3,034
Alamo Group		43		8,287
Alaska Air Group *		480		18,014
Albany International, Cl A		114		10,668
Alight, Cl A *		1,622		12,279
Allegiant Travel, Cl A		56		3,140
Allegion PLC		334		45,695
Allient		52		1,505
Allison Transmission Holdings		332		29,412
Alta Equipment Group		84		882
Ameresco, Cl A *		118		3,725
American Airlines Group *		2,461		26,185
American Superconductor *		131		3,165
American Woodmark *		58		5,925
AMETEK		884		153,356
AO Smith		458		38,948
API Group *		834		31,600
Apogee Enterprises		80		5,491
Applied Industrial Technologies		146		31,856
ArcBest		85		10,714
Archer Aviation, Cl A *		749		3,123
Arcosa		183		17,003
Argan		46		3,631
Aris Water Solutions, Cl A		94		1,665
Armstrong World Industries		166		21,812
Array Technologies *		549		5,775
Astec Industries		83		2,912
Astronics *		104		2,395
Asure Software *		85		875
Atkore		139		18,765
Atmus Filtration Technologies *		307		9,468

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
Automatic Data Processing		1,567	$	411,526
Avis Budget Group		125		12,626
Axon Enterprise *		274		82,203
AZEK, Cl A *		548		24,600
AZZ		90		7,196
Babcock & Wilcox Enterprises *		312		421
Barnes Group		176		7,100
Barrett Business Services		92		3,352
Beacon Roofing Supply *		242		24,878
BlackSky Technology *		352		394
Blade Air Mobility *		161		531
Blink Charging *		344		1,132
Bloom Energy, Cl A *		734		9,938
Blue Bird *		115		5,994
BlueLinx Holdings *		31		3,738
Boise Cascade		151		21,456
Booz Allen Hamilton Holding, Cl A		490		70,222
Bowman Consulting Group, Cl A *		47		1,679
Brady, Cl A		163		11,672
BrightView Holdings *		151		2,173
Brink's		167		18,368
Broadridge Financial Solutions		449		96,086
Builders FirstSource *		456		76,321
Byrna Technologies *		64		600
CACI International, Cl A *		84		38,764
Cadre Holdings		92		3,376
Carlisle		182		76,182
Carrier Global		3,231		220,063
Casella Waste Systems, Cl A *		216		22,369
Caterpillar		1,910		661,242
CBIZ *		183		12,700
CECO Environmental *		109		3,183
CH Robinson Worldwide		399		35,531
ChargePoint Holdings *		1,367		2,966
Chart Industries *		161		25,934
Cintas		332		253,628
Clean Harbors *		195		46,552
CNH Industrial		3,105		33,068
Columbus McKinnon		104		3,969
Comfort Systems USA		135		44,877
Commercial Vehicle Group *		109		594
Concentrix		175		12,337
Concrete Pumping Holdings *		144		960
Conduent *		787		3,211
Construction Partners, Cl A *		157		10,150
Copart *		3,364		176,038
Core & Main, Cl A *		737		39,407
CoreCivic *		406		5,660
Covenant Logistics Group, Cl A		28		1,567
CRA International		25		4,370
CSG Systems International		105		4,918
CSW Industrials		59		19,141
CSX		7,490		262,899
Cummins		535		156,113
Curtiss-Wright		147		43,321

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
Custom Truck One Source *		203	$	1,017
Dayforce *		574		34,027
Deere		990		368,260
Delta Air Lines		2,463		105,958
Deluxe		160		3,901
Desktop Metal, Cl A *		76		360
Distribution Solutions Group *		34		1,147
DNOW *		385		5,914
Donaldson		460		34,417
Douglas Dynamics		83		2,400
Dover		525		96,736
Driven Brands Holdings *		214		2,876
Ducommun *		46		2,952
Dun & Bradstreet Holdings		1,116		12,142
DXP Enterprises *		49		2,683
Dycom Industries *		108		19,819
Eaton PLC		1,527		465,414
EMCOR Group		178		66,828
Emerson Electric		2,184		255,768
Energy Recovery *		204		2,974
Energy Vault Holdings *		292		298
Enerpac Tool Group, Cl A		197		7,919
EnerSys		153		16,819
Ennis		91		2,170
Enovix *		424		6,110
Enpro		77		13,162
Enviri *		289		3,416
Eos Energy Enterprises *		662		1,304
Equifax		474		132,421
Esab		217		22,047
ESCO Technologies		94		11,558
Eve Holding *		100		344
EVI Industries		19		388
ExlService Holdings *		609		21,473
Expeditors International of Washington		550		68,651
Exponent		192		20,367
Fastenal		2,194		155,226
Federal Signal		229		22,893
FedEx		864		261,144
First Advantage		186		3,203
FiscalNote Holdings *		371		568
Flowserve		500		25,275
Fluence Energy, Cl A *		262		4,292
Fluor *		644		30,976
Forrester Research *		44		888
Fortive		1,341		96,351
Fortune Brands Innovations		482		38,950
Forward Air		86		2,181
Franklin Covey *		42		1,836
Franklin Electric		151		16,100
Freyr Battery *		451		812
Frontier Group Holdings *		152		599
FTAI Aviation		381		42,462
FTAI Infrastructure		370		3,815
FTI Consulting *		134		29,208

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
FuelCell Energy *		1,626	$	823
Gates Industrial PLC *		701		13,032
GATX		135		18,833
Genco Shipping & Trading		139		2,698
Gencor Industries *		37		911
Generac Holdings *		227		35,339
GEO Group *		445		6,453
Gibraltar Industries *		112		8,318
Global Industrial		29		1,012
GMS *		140		13,472
Gorman-Rupp		76		3,140
Graco		639		54,347
GrafTech International *		714		548
Granite Construction		161		11,022
Great Lakes Dredge & Dock *		238		2,244
Greenbrier		110		5,611
Griffon		167		12,034
GXO Logistics *		449		25,135
H&E Equipment Services		120		6,276
Hawaiian Holdings *		186		2,379
Hayward Holdings *		786		11,625
Healthcare Services Group *		270		3,086
Heartland Express		169		2,192
HEICO		162		39,097
Heidrick & Struggles International		72		2,890
Helios Technologies		121		5,560
Herc Holdings		106		16,519
Hertz Global Holdings *		1,060		4,325
Hexcel		317		20,989
Hillenbrand		257		11,367
Hillman Solutions *		712		7,227
HNI		172		9,428
Honeywell International		2,495		510,851
Howmet Aerospace		1,532		146,612
Hub Group, Cl A		225		10,523
Hubbell, Cl B		205		81,108
Hudson Technologies *		147		1,258
Huron Consulting Group *		66		7,261
Hyliion Holdings *		456		1,012
Hyster-Yale		33		2,697
Hyzon Motors *		461		64
IBEX Holdings *		37		645
ICF International		68		10,003
IDEX		290		60,459
IES Holdings *		72		11,086
Illinois Tool Works		1,142		282,394
Ingersoll Rand		1,545		155,118
Innodata *		99		1,916
Insperity		135		13,867
Insteel Industries		68		2,329
Interface, Cl A		208		3,594
ITT		323		45,692
Janus International Group *		504		7,268
JB Hunt Transport Services		318		55,062
JELD-WEN Holding *		307		5,124

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
JetBlue Airways *		1,243	$	7,968
Joby Aviation *		1,370		8,193
John Bean Technologies		116		11,412
Johnson Controls International PLC		2,594		185,575
Kadant		45		15,817
Karat Packaging		25		747
KBR		512		34,094
Kelly Services, Cl A		113		2,659
Kennametal		280		7,319
Kforce		68		4,724
Kirby *		222		27,279
Knight-Swift Transportation Holdings, Cl A		600		32,658
Korn Ferry		197		14,523
Landstar System		136		25,874
LanzaTech Global *		583		1,055
Legalzoom.com *		453		3,026
Lennox International		123		71,770
Leonardo DRS *		263		7,417
Limbach Holdings *		34		2,166
Lincoln Electric Holdings		214		43,958
Lindsay		40		5,040
Liquidity Services *		83		1,865
LSI Industries		95		1,621
Luxfer Holdings PLC		98		1,268
Lyft, Cl A *		1,299		15,653
Manitowoc *		126		1,593
ManpowerGroup		183		14,014
Marten Transport		212		3,988
Masco		842		65,550
MasTec *		238		26,187
Masterbrand *		464		8,375
Matrix Service *		96		972
Matson		129		17,120
Matthews International, Cl A		109		3,156
Maximus		232		21,550
Mayville Engineering *		50		955
McGrath RentCorp		89		9,775
MDU Resources Group		752		20,259
Mercury Systems *		212		7,537
Middleby *		204		27,658
Miller Industries		41		2,786
MillerKnoll		262		8,127
Mistras Group *		73		730
Montrose Environmental Group *		105		3,348
Moog, Cl A		108		21,179
MRC Global *		305		4,416
MSA Safety		141		26,600
MSC Industrial Direct, Cl A		169		15,033
Mueller Industries		421		29,866
Mueller Water Products, Cl A		567		11,726
MYR Group *		60		8,429
Net Power *		73		698
NEXTracker, Cl A *		490		24,079
Nikola *		150		1,347

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
NN *		164	$	643
Nordson		197		49,315
Norfolk Southern		866		216,119
Northwest Pipe *		36		1,373
NuScale Power *		207		2,116
NV5 Global *		51		5,260
nVent Electric PLC		617		44,813
Old Dominion Freight Line		721		151,540
Omega Flex		12		631
OPENLANE *		413		7,384
Oshkosh		249		27,054
Otis Worldwide		1,555		146,947
Owens Corning		331		61,692
PACCAR		1,963		193,670
PAM Transportation Services *		21		428
Pangaea Logistics Solutions		109		791
Park Aerospace		70		939
Parker-Hannifin		490		274,968
Park-Ohio Holdings		32		999
Parsons *		402		36,731
Paychex		1,231		157,593
Paycom Software		211		35,193
Paycor HCM *		297		3,686
Paylocity Holding *		175		26,262
Pentair PLC		632		55,534
Pitney Bowes		547		3,610
Planet Labs PBC *		717		1,821
Plug Power *		2,268		5,602
Powell Industries		34		6,243
Preformed Line Products		9		1,241
Primoris Services		195		11,012
Proto Labs *		93		3,238
Quad		110		503
Quanex Building Products		121		4,041
Quanta Services		553		146,755
Radiant Logistics *		132		821
RBC Bearings *		110		31,992
Regal Rexnord		253		40,652
Republic Services, Cl A		786		152,736
Resideo Technologies *		525		11,928
Resources Connection		117		1,396
REV Group		174		5,077
Robert Half		392		25,162
Rocket Lab USA *		1,044		5,471
Rockwell Automation		440		122,606
Rollins		1,112		53,276
Rush Enterprises, Cl A		226		11,503
RXO *		425		13,477
Ryder System		165		23,126
Saia *		102		42,621
Schneider National, Cl B		212		5,705
Science Applications International		196		24,382
Sensata Technologies Holding PLC		573		22,341
SES AI *		608		748

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
Shoals Technologies Group, Cl A *		607	$	3,945
Shyft Group		116		1,945
Simpson Manufacturing		162		31,119
SiteOne Landscape Supply *		170		24,936
SkyWest *		151		12,071
Snap-on		198		56,832
Southwest Airlines		2,275		61,288
Spire Global *		66		920
Spirit AeroSystems Holdings, Cl A *		435		15,769
Spirit Airlines		394		1,186
SPX Technologies *		170		25,082
SS&C Technologies Holdings		823		60,038
Standex International		43		8,032
Stanley Black & Decker		575		60,731
Steelcase, Cl A		313		4,535
Stem *		523		638
Stericycle *		354		20,727
Sterling Check *		301		4,720
Sterling Infrastructure *		114		13,265
Sun Country Airlines Holdings *		154		2,017
SunPower, Cl A *		187		160
Sunrun *		782		13,708
Symbotic, Cl A *		113		3,030
TaskUS, Cl A *		64		1,057
Tennant		69		7,431
Terex		250		15,815
Terran Orbital *		546		393
Tetra Tech		203		43,288
Thermon Group Holdings *		122		4,003
Timken		242		21,042
Titan International *		195		1,661
Titan Machinery *		75		1,337
Toro		399		38,196
TPI Composites *		167		711
Trane Technologies PLC		868		290,155
Transcat *		32		3,688
TransDigm Group		208		269,198
TransUnion		742		66,973
Trex *		414		34,623
TriNet Group		189		19,703
Trinity Industries		298		9,852
Triumph Group *		279		4,573
TrueBlue *		110		1,314
TTEC Holdings		69		551
Tutor Perini *		156		3,883
Uber Technologies *		7,719		497,644
UFP Industries		230		30,344
U-Haul Holding, Cl B		384		24,472
UniFirst		53		10,311
Union Pacific		2,333		575,621
United Airlines Holdings *		1,249		56,730
United Parcel Service, Cl B		2,784		362,950
United Rentals		256		193,818
Universal Logistics Holdings		25		1,076
Upwork *		439		5,321

COMMON STOCK — continued
	Shares		Value
INDUSTRIALS— continued
Valmont Industries		72	$	21,482
Veralto		907		96,650
Verisk Analytics, Cl A		545		142,654
Verra Mobility, Cl A *		622		18,741
Vertiv Holdings, Cl A		1,396		109,865
Vestis		483		6,265
Viad *		75		2,494
Vicor *		84		3,537
Virgin Galactic Holdings *		67		478
VSE		50		4,449
Wabash National		157		3,374
Waste Management		1,535		311,083
Watsco		129		63,144
Watts Water Technologies, Cl A		104		21,582
Werner Enterprises		224		8,779
WESCO International		167		29,217
Westinghouse Air Brake Technologies		672		108,293
Wheels Up Experience *		1,293		3,401
Willdan Group *		47		1,592
Willis Lease Finance		8		690
WillScot Holdings, Cl A *		708		29,028
Woodward		217		33,850
WW Grainger		171		167,035
XPO *		437		50,207
Xylem		922		123,146
Zurn Elkay Water Solutions		548		17,788
				16,093,054
INFORMATION TECHNOLOGY — 34.0%
8x8 *		446		1,374
908 Devices *		88		501
A10 Networks		254		3,325
Accenture PLC, Cl A		2,407		795,802
ACI Worldwide *		402		17,378
ACM Research, Cl A *		173		3,105
Adeia		391		4,594
Adobe *		1,702		938,908
ADTRAN Holdings		273		1,848
Advanced Energy Industries		142		16,525
Advanced Micro Devices *		6,151		888,632
Aehr Test Systems *		99		1,868
Aeva Technologies *		121		439
Agilysys *		96		10,761
Akamai Technologies *		571		56,118
Alarm.com Holdings *		175		12,346
Alkami Technology *		189		6,186
Allegro MicroSystems *		289		6,948
Alpha & Omega Semiconductor *		84		3,478
Altair Engineering, Cl A *		213		18,821
Ambarella *		142		7,475
Amdocs		447		39,099
American Software, Cl A		114		1,247
Amkor Technology		443		14,468
Amphenol, Cl A		4,589		294,889
Amplitude, Cl A *		247		2,114

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Analog Devices		1,896	$	438,696
ANSYS *		345		108,202
Appfolio, Cl A *		76		16,832
Appian, Cl A *		152		5,615
Apple		58,907		13,082,067
Applied Digital *		317		1,541
Applied Materials		3,159		670,340
AppLovin, Cl A *		621		47,879
Arista Networks *		980		339,619
Arlo Technologies *		338		5,124
Arrow Electronics *		206		25,480
Arteris *		83		680
Asana, Cl A *		298		4,336
ASGN *		172		16,283
Aspen Technology *		105		19,682
Atlassian, Cl A *		591		104,353
Atomera *		96		337
Aurora Innovation, Cl A *		2,683		10,732
Autodesk *		817		202,224
AvePoint *		422		4,600
Aviat Networks *		45		1,395
Avnet		344		18,493
Axcelis Technologies *		132		16,678
Badger Meter		112		23,090
Bel Fuse, Cl B		38		2,822
Belden		154		14,274
Benchmark Electronics		122		5,840
Bentley Systems, Cl B		476		23,200
BigBear.ai Holdings *		37		56
BigCommerce Holdings *		242		1,960
BILL Holdings *		384		19,185
Bit Digital *		437		1,665
Blackbaud *		164		13,018
BlackLine *		187		8,886
Blend Labs, Cl A *		589		1,632
Box, Cl A *		532		14,960
Braze, Cl A *		223		9,825
Broadcom		17,880		2,872,958
C3.ai, Cl A *		383		10,245
Cadence Design Systems *		1,040		278,366
Calix *		215		8,843
CCC Intelligent Solutions Holdings *		1,060		10,876
CDW		513		111,890
Cerence *		133		423
CEVA *		84		1,684
Ciena *		548		28,902
Cipher Mining *		639		3,342
Cirrus Logic *		206		26,879
Cisco Systems		15,511		751,508
Cleanspark *		827		13,232
Clear Secure, Cl A		332		7,088
Clearfield *		46		1,996
Clearwater Analytics Holdings, Cl A *		378		7,390
Climb Global Solutions		15		1,071

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Cloudflare, Cl A *		1,118	$	86,645
Cognex		651		32,303
Cognizant Technology Solutions, Cl A		1,818		137,586
Coherent *		564		39,309
Cohu *		170		5,438
CommScope Holding *		751		1,945
CommVault Systems *		164		25,067
CompoSecure, Cl A		58		473
Confluent, Cl A *		805		20,141
Consensus Cloud Solutions *		65		1,385
Core Scientific *		582		5,675
CoreCard *		23		274
Corsair Gaming *		160		1,314
Couchbase *		131		2,514
Crane NXT		179		11,256
Crowdstrike Holdings, Cl A *		857		198,790
CS Disco *		88		544
CTS		111		5,426
Daily Journal *		5		2,328
Daktronics *		140		2,097
Datadog, Cl A *		1,058		123,194
Dell Technologies, Cl C		996		113,225
Diebold Nixdorf *		136		5,923
Digi International *		131		3,576
Digimarc *		52		1,663
Digital Turbine *		329		783
DigitalOcean Holdings *		191		6,328
Diodes *		171		13,372
DocuSign, Cl A *		778		43,163
Dolby Laboratories, Cl A		224		17,642
Domo, Cl B *		117		978
DoubleVerify Holdings *		512		10,813
Dropbox, Cl A *		974		23,298
DXC Technology *		693		14,096
Dynatrace *		1,054		46,292
E2open Parent Holdings *		895		4,180
Eastman Kodak *		230		1,336
Elastic *		321		35,204
Enfusion, Cl A *		172		1,631
Enphase Energy *		501		57,670
Entegris		579		68,434
Envestnet *		208		12,892
EPAM Systems *		214		46,038
ePlus *		98		9,008
EverCommerce *		68		820
Evolv Technologies Holdings *		387		1,343
Extreme Networks *		463		6,621
F5 *		224		45,615
Fabrinet *		138		30,437
Fair Isaac *		92		147,200
FARO Technologies *		67		1,146
Fastly, Cl A *		653		5,289
First Solar *		399		86,180
Five9 *		275		12,251
FormFactor *		277		14,836

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Fortinet *		2,417	$	140,283
Freshworks, Cl A *		839		10,488
Gartner *		291		145,846
Gen Digital		2,223		57,776
Gitlab, Cl A *		424		21,722
GLOBALFOUNDRIES *		299		15,252
GoDaddy, Cl A *		543		78,979
Grid Dynamics Holdings *		202		2,606
Guidewire Software *		316		47,422
Hackett Group		91		2,482
Harmonic *		403		5,908
HashiCorp, Cl A *		434		14,648
Hewlett Packard Enterprise		4,952		98,594
HP		3,743		135,085
HubSpot *		187		92,945
Ichor Holdings *		119		4,046
Identiv *		75		293
Immersion		108		1,379
Impinj *		102		16,248
indie Semiconductor, Cl A *		556		3,325
Infinera *		844		5,013
Informatica, Cl A *		497		11,898
Information Services Group		123		427
Insight Enterprises *		124		27,838
Instructure Holdings *		61		1,425
Intapp *		220		7,883
Intel		16,159		496,728
InterDigital		92		11,294
International Business Machines		3,506		673,643
inTEST *		43		464
Intuit		1,045		676,481
IonQ *		649		5,289
IPG Photonics *		104		8,362
Iteris *		155		761
Itron *		175		18,102
Jabil		446		50,251
Jamf Holding *		180		3,296
Juniper Networks		1,228		46,283
Kaltura *		232		309
Keysight Technologies *		665		92,814
Kimball Electronics *		90		2,133
KLA		518		426,350
Knowles *		326		5,956
Kopin *		388		411
Kulicke & Soffa Industries		209		9,859
Kyndryl Holdings *		872		23,431
Lam Research		501		461,541
Lattice Semiconductor *		521		27,613
Lightwave Logic *		438		1,515
Littelfuse		95		25,375
LiveRamp Holdings *		237		7,176
Lumentum Holdings *		248		12,841
Luna Innovations *		118		354
MACOM Technology Solutions Holdings *		218		22,001
Manhattan Associates *		234		59,759

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Marathon Digital Holdings *		1,063	$	20,909
Marvell Technology		3,262		218,489
Matterport *		994		4,413
MaxLinear, Cl A *		277		3,917
MeridianLink *		82		1,938
Methode Electronics		122		1,545
Microchip Technology		2,028		180,046
Micron Technology		4,179		458,938
Microsoft		28,047		11,733,462
MicroStrategy, Cl A *		57		92,023
MicroVision *		714		764
Mirion Technologies, Cl A *		772		8,137
Mitek Systems *		167		2,223
MKS Instruments		256		32,230
MongoDB, Cl A *		266		67,128
Monolithic Power Systems		172		148,451
Motorola Solutions		637		254,112
N-Able *		230		3,206
Napco Security Technologies		129		7,199
Navitas Semiconductor, Cl A *		435		1,614
nCino *		238		7,797
NCR Voyix *		516		7,611
NetApp		788		100,060
NETGEAR *		124		1,969
NetScout Systems *		253		5,149
NextNav *		109		906
nLight *		166		2,004
Nutanix, Cl A *		935		47,227
NVIDIA		91,267		10,680,064
Okta, Cl A *		601		56,458
Olo, Cl A *		376		1,797
ON Semiconductor *		1,630		127,547
ON24 *		136		894
OneSpan *		128		1,894
Onto Innovation *		187		35,773
Ooma *		88		915
Oracle		6,121		853,573
OSI Systems *		58		8,583
Ouster *		80		1,050
PagerDuty *		323		6,760
Palantir Technologies, Cl A *		7,135		191,860
Palo Alto Networks *		1,224		397,470
PAR Technology *		101		5,115
PC Connection		42		3,006
PDF Solutions *		114		4,000
Pegasystems		147		10,249
Perficient *		125		9,426
Photronics *		215		5,463
Plexus *		100		12,817
Porch Group *		276		566
Power Integrations		215		15,704
PowerSchool Holdings, Cl A *		208		4,692
Procore Technologies *		514		36,509
Progress Software		157		9,169
PROS Holdings *		157		3,784
PTC *		454		80,744

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Pure Storage, Cl A *		1,174	$	70,358
Q2 Holdings *		209		14,101
Qorvo *		413		49,477
QUALCOMM		4,130		747,324
Qualys *		138		20,581
Rambus *		415		21,348
Rapid7 *		222		8,733
Red Violet *		35		902
Rekor Systems *		291		530
Ribbon Communications *		522		1,770
Rigetti Computing *		398		410
Rimini Street *		170		377
RingCentral, Cl A *		298		10,445
Riot Platforms *		854		8,702
Rogers *		69		8,430
Roper Technologies		409		222,803
Salesforce		3,622		937,374
Samsara, Cl A *		692		26,490
Sanmina *		206		15,518
ScanSource *		91		4,737
Seagate Technology Holdings PLC		799		81,634
SEMrush Holdings, Cl A *		108		1,592
Semtech *		237		7,518
SentinelOne, Cl A *		975		22,327
ServiceNow *		782		636,853
Silicon Laboratories *		121		14,536
SiTime *		64		9,085
SkyWater Technology *		44		326
Skyworks Solutions		613		69,649
SMART Global Holdings *		187		4,376
SmartRent, Cl A *		653		1,202
Smartsheet, Cl A *		506		24,268
Snowflake, Cl A *		1,175		153,196
SolarWinds		167		1,992
SoundHound AI, Cl A *		943		4,800
SoundThinking *		35		541
Sprinklr, Cl A *		438		4,306
Sprout Social, Cl A *		178		6,954
SPS Commerce *		141		30,374
Squarespace, Cl A *		219		9,678
Super Micro Computer *		190		133,313
Synaptics *		147		12,836
Synopsys *		585		326,617
TD SYNNEX		234		27,886
Teledyne Technologies *		180		75,935
Telos *		197		847
Tenable Holdings *		436		20,021
Teradata *		370		11,995
Teradyne		584		76,597
Terawulf *		740		3,078
Texas Instruments		3,447		702,533
Thoughtworks Holding *		323		1,124
Trimble *		938		51,159
TTM Technologies *		365		7,074
Turtle Beach *		44		637
Twilio, Cl A *		635		37,548

COMMON STOCK — continued
	Shares		Value
INFORMATION TECHNOLOGY— continued
Tyler Technologies *		161	$	91,466
Ubiquiti		15		2,784
UiPath, Cl A *		1,650		20,081
Ultra Clean Holdings *		161		6,965
Unisys *		240		1,142
Unity Software *		1,011		16,540
Universal Display		168		37,400
Varonis Systems, Cl B *		410		22,603
Veeco Instruments *		203		8,406
Verint Systems *		225		8,132
VeriSign *		383		71,625
Veritone *		119		313
Vertex, Cl A *		188		7,454
Viant Technology, Cl A *		52		605
ViaSat *		362		7,320
Viavi Solutions *		811		6,520
Vishay Intertechnology		459		11,158
Vishay Precision Group *		42		1,440
Vontier		589		23,106
Vuzix *		210		256
Weave Communications *		157		1,570
Western Digital *		1,234		82,740
Wolfspeed *		467		8,803
Workday, Cl A *		798		181,242
Workiva, Cl A *		186		13,721
Xerox Holdings		416		4,478
Xperi *		158		1,291
Yext *		375		2,160
Zebra Technologies, Cl A *		196		68,833
Zeta Global Holdings, Cl A *		580		12,424
Zoom Video Communications, Cl A *		895		54,058
Zscaler *		341		61,158
Zuora, Cl A *		499		4,526
				59,846,219
MATERIALS — 3.0%
AdvanSix		94		2,629
Air Products and Chemicals		841		221,898
Albemarle		451		42,245
Alcoa		681		22,500
Alpha Metallurgical Resources		40		11,816
Alto Ingredients *		261		415
American Vanguard		99		952
AptarGroup		252		37,039
Arch Resources		64		9,379
Ardagh Metal Packaging		509		1,873
Ashland		191		18,460
Aspen Aerogels *		217		4,429
ATI *		484		32,772
Avery Dennison		304		65,916
Avient		343		15,517
Axalta Coating Systems *		838		29,875
Balchem		123		21,828
Ball		1,201		76,660
Berry Global Group		443		29,114

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
MATERIALS— continued
Cabot		210	$	21,061
Carpenter Technology		185		26,986
Celanese, Cl A		427		60,271
Century Aluminum *		189		2,856
CF Industries Holdings		716		54,695
Chemours		544		13,148
Clearwater Paper *		59		3,273
Cleveland-Cliffs *		1,874		28,766
Coeur Mining *		1,458		9,462
Commercial Metals		440		26,444
Compass Minerals International		151		2,008
Contango ORE *		19		434
Core Molding Technologies *		29		535
Corteva		2,680		150,348
CRH		2,628		225,220
Crown Holdings		460		40,802
Dakota Gold *		252		600
Danimer Scientific *		357		139
Dow		2,678		145,871
DuPont de Nemours		1,598		133,753
Eagle Materials		131		35,671
Eastman Chemical		449		46,395
Ecolab		977		225,384
Ecovyst *		426		4,064
Element Solutions		852		22,961
FMC		476		27,779
Freeport-McMoRan		5,386		244,578
Ginkgo Bioworks Holdings *		4,920		1,870
Graphic Packaging Holding		1,164		35,036
Greif, Cl A		92		6,135
Hawkins		71		7,377
Haynes International		46		2,739
HB Fuller		209		18,016
Hecla Mining		2,129		12,306
Huntsman		622		14,884
Ingevity *		153		7,021
Innospec		90		11,803
International Flavors & Fragrances		882		87,741
International Paper		1,312		60,982
Intrepid Potash *		36		939
Kaiser Aluminum		58		4,564
Knife River *		216		17,176
Koppers Holdings		75		3,053
Kronos Worldwide		80		957
Linde PLC		1,817		824,010
Louisiana-Pacific		273		26,798
LSB Industries *		173		1,576
LyondellBasell Industries, Cl A		994		98,863
Martin Marietta Materials		236		140,031
Materion		75		9,032
Mativ Holdings		195		3,730
Metallus *		140		3,139
Minerals Technologies		118		9,249
Mosaic		1,227		36,528
MP Materials *		498		6,733

COMMON STOCK — continued
	Shares		Value
MATERIALS— continued
Myers Industries		134	$	1,997
NewMarket		26		14,583
Newmont		4,408		216,301
Nucor		918		149,579
O-I Glass, Cl I *		553		7,388
Olympic Steel		36		1,825
Packaging Corp of America		337		67,356
Pactiv Evergreen		141		1,853
Perimeter Solutions *		504		4,884
Piedmont Lithium *		65		651
PPG Industries		899		114,155
PureCycle Technologies *		509		3,924
Quaker Chemical		51		9,260
Radius Recycling, Cl A		95		1,721
Ramaco Resources, Cl A		98		1,333
Ranpak Holdings, Cl A *		266		1,921
Rayonier Advanced Materials *		228		1,516
Reliance		219		66,699
Royal Gold		252		34,806
RPM International		488		59,272
Ryerson Holding		107		2,546
Scotts Miracle-Gro, Cl A		156		12,262
Sealed Air		543		20,661
Sensient Technologies		131		10,225
Sherwin-Williams		898		315,018
Silgan Holdings		315		16,200
Smurfit WestRock		979		43,898
Sonoco Products		374		20,166
Southern Copper		328		34,994
Steel Dynamics		567		75,536
Stepan		79		6,686
Summit Materials, Cl A *		457		19,094
SunCoke Energy		306		3,580
Sylvamo		128		9,435
Tredegar		115		657
TriMas		150		3,687
Trinseo PLC		125		361
Tronox Holdings PLC, Cl A		428		6,916
United States Lime & Minerals		40		3,402
United States Steel		853		35,050
Vulcan Materials		507		139,177
Warrior Met Coal		206		14,237
Westlake		127		18,778
Worthington Steel		120		4,784
				5,229,483
REAL ESTATE — 3.1%
Acadia Realty Trust ^‡		378		8,180
Agree Realty ^‡		377		26,002
Alexander & Baldwin ^‡		265		5,223
Alexander's ^‡		8		1,938
Alexandria Real Estate Equities ^‡		663		77,763
Alpine Income Property Trust ^‡		46		799
American Assets Trust ^‡		175		4,641
American Homes 4 Rent, Cl A ^‡		1,293		46,664
American Tower ^‡		1,767		389,447

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
REAL ESTATE— continued
Americold Realty Trust ^‡		1,084	$	32,401
Anywhere Real Estate *		389		1,836
Apartment Investment and Management, Cl A *^‡		488		4,324
Apple Hospitality ^‡		852		12,601
Armada Hoffler Properties ^‡		242		2,875
AvalonBay Communities ^‡		543		111,272
Braemar Hotels & Resorts ^‡		216		767
Brandywine Realty Trust ^‡		612		3,084
Brixmor Property Group ^‡		1,147		29,214
Broadstone Net Lease, Cl A ^‡		686		11,943
BRT Apartments ^‡		40		750
BXP ^‡		601		42,857
Camden Property Trust ^‡		397		43,968
CareTrust ^‡		515		13,884
CBL & Associates Properties ^‡		94		2,422
CBRE Group, Cl A *		1,163		131,082
Centerspace ^‡		54		3,771
Chatham Lodging Trust ^‡		176		1,547
Community Healthcare Trust ^‡		98		2,132
Compass, Cl A *		1,369		6,010
COPT Defense Properties ^‡		414		11,994
CoStar Group *		1,545		120,541
Cousins Properties ^‡		579		15,928
Crown Castle ^‡		1,661		182,843
CTO Realty Growth ^‡		73		1,465
CubeSmart ^‡		856		40,728
Cushman & Wakefield PLC *		767		10,055
DiamondRock Hospitality ^‡		757		6,230
Digital Realty Trust ^‡		1,196		178,790
DigitalBridge Group		604		8,538
Diversified Healthcare Trust ^‡		824		2,752
Douglas Elliman *		265		545
Douglas Emmett ^‡		594		9,557
Easterly Government Properties, Cl A ^‡		353		4,917
EastGroup Properties ^‡		182		34,032
Elme Communities ^‡		320		5,267
Empire State Realty Trust, Cl A ^‡		492		5,299
EPR Properties ^‡		281		12,645
Equinix ^‡		363		286,857
Equity Commonwealth *^‡		384		7,822
Equity LifeStyle Properties ^‡		683		46,908
Equity Residential ^‡		1,432		99,710
Essential Properties Realty Trust ^‡		668		19,766
Essex Property Trust ^‡		245		68,198
eXp World Holdings		293		4,207
Extra Space Storage ^‡		801		127,856
Farmland Partners ^‡		158		1,678
Federal Realty Investment Trust ^‡		315		35,170
First Industrial Realty Trust ^‡		505		27,634
Five Point Holdings, Cl A *		210		704
Forestar Group *		67		2,119
Four Corners Property Trust ^‡		336		9,119
Franklin Street Properties ^‡		300		522
FRP Holdings *		44		1,324

COMMON STOCK — continued
	Shares		Value
REAL ESTATE— continued
Gaming and Leisure Properties ^‡		980	$	49,196
Getty Realty ^‡		183		5,420
Gladstone Commercial ^‡		146		2,197
Gladstone Land ^‡		123		1,827
Global Medical ^‡		228		2,177
Global Net Lease ^‡		731		6,361
Healthpeak Properties ^‡		2,715		59,241
Highwoods Properties ^‡		384		11,892
Host Hotels & Resorts ^‡		2,578		45,141
Howard Hughes Holdings *		190		14,092
Hudson Pacific Properties ^‡		510		3,055
Independence Realty Trust ^‡		859		16,020
Industrial Logistics Properties Trust ^‡		239		1,228
InvenTrust Properties ^‡		250		7,042
Invitation Homes ^‡		2,311		81,509
Iron Mountain ^‡		1,115		114,354
JBG SMITH Properties ^‡		337		5,510
Jones Lang LaSalle *		181		45,413
Kennedy-Wilson Holdings		434		4,518
Kilroy Realty ^‡		441		16,304
Kimco Realty ^‡		2,530		54,983
Kite Realty Group Trust ^‡		836		20,616
Lamar Advertising, Cl A ^‡		334		40,033
LTC Properties ^‡		156		5,571
LXP Industrial Trust, Cl B ^‡		1,060		10,918
Macerich ^‡		823		13,176
Marcus & Millichap		88		3,486
Maui Land & Pineapple *		25		598
Mid-America Apartment Communities ^‡		445		62,198
National Health Investors ^‡		153		11,454
National Storage Affiliates Trust ^‡		270		11,494
NETSTREIT ^‡		269		4,430
Newmark Group, Cl A		512		6,646
NexPoint Diversified Real Estate Trust ^‡		119		753
NexPoint Residential Trust ^‡		84		3,670
NNN ^‡		687		30,839
Offerpad Solutions *		58		258
Office Properties Income Trust ^‡		163		406
Omega Healthcare Investors ^‡		940		34,216
One Liberty Properties ^‡		56		1,478
Opendoor Technologies *		1,994		4,626
Orion Office ^‡		197		798
Outfront Media ^‡		487		7,899
Paramount Group ^‡		659		3,453
Park Hotels & Resorts ^‡		788		11,867
Peakstone Realty Trust ^‡		133		1,806
Pebblebrook Hotel Trust ^‡		436		5,969
Phillips Edison ^‡		467		16,392
Piedmont Office Realty Trust, Cl A ^‡		451		3,901
Plymouth Industrial ^‡		165		3,947
Postal Realty Trust, Cl A ^‡		78		1,167
PotlatchDeltic ^‡		298		13,199

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
REAL ESTATE— continued
Prologis ^‡		3,539	$	446,072
Public Storage ^‡		606		179,328
Rayonier ^‡		566		17,167
RE/MAX Holdings, Cl A		58		560
Realty Income ^‡		3,303		189,686
Redfin *		418		3,403
Regency Centers ^‡		703		47,316
Retail Opportunity Investments ^‡		454		6,787
Rexford Industrial Realty ^‡		835		41,842
RLJ Lodging Trust ^‡		559		5,277
RMR Group, Cl A		53		1,375
Ryman Hospitality Properties ^‡		223		22,414
Sabra Health Care ^‡		874		14,185
Safehold ^‡		177		4,096
Saul Centers ^‡		48		1,898
SBA Communications, Cl A ^‡		410		90,011
Seritage Growth Properties *		146		745
Service Properties Trust ^‡		598		3,391
Simon Property Group ^‡		1,238		189,959
SITE Centers ^‡		693		10,707
SL Green Realty ^‡		250		16,660
Spirit MTA ^‡,(A)		11		—
St. Joe		221		13,631
STAG Industrial ^‡		697		28,445
Star Holdings *		42		565
Stratus Properties *		24		663
Summit Hotel Properties ^‡		358		2,270
Sun Communities ^‡		471		59,690
Sunstone Hotel Investors ^‡		745		7,718
Tanger ^‡		390		11,271
Tejon Ranch *		91		1,729
Terreno Realty ^‡		359		24,559
UDR ^‡		1,257		50,368
UMH Properties ^‡		237		4,209
Uniti Group ^‡		853		3,276
Urban Edge Properties ^‡		435		8,831
Ventas ^‡		1,526		83,075
Veris Residential ^‡		287		4,509
VICI Properties, Cl A ^‡		3,975		124,273
Vornado Realty Trust ^‡		634		19,014
Welltower ^‡		2,182		242,748
Weyerhaeuser ^‡		2,789		88,579
Whitestone, Cl B ^‡		162		2,236
WP Carey ^‡		831		48,040
Xenia Hotels & Resorts ^‡		374		5,191
Zillow Group, Cl C *		646		31,460
				5,455,090
UTILITIES — 2.7%
AES		2,715		48,300
ALLETE		220		14,190
Alliant Energy		982		54,658
Altus Power, Cl A *		286		1,201
Ameren		1,019		80,776
American Electric Power		2,020		198,202
American States Water		136		11,224

COMMON STOCK — continued
	Shares		Value
UTILITIES— continued
American Water Works		747	$	106,343
Artesian Resources, Cl A		34		1,332
Atmos Energy		577		73,787
Avangrid		253		9,025
Avista		286		11,205
Black Hills		261		15,412
Cadiz *		149		554
California Water Service Group		211		11,280
CenterPoint Energy		2,421		67,183
Chesapeake Utilities		80		9,442
Clearway Energy, Cl C		296		7,897
CMS Energy		1,141		73,937
Consolidated Edison		1,325		129,214
Constellation Energy		1,206		228,899
Dominion Energy		3,213		171,767
DTE Energy		792		95,460
Duke Energy		2,955		322,893
Edison International		1,476		118,095
Entergy		816		94,632
Essential Utilities		1,048		42,601
Evergy		868		50,344
Eversource Energy		1,335		86,655
Exelon		3,797		141,248
FirstEnergy		2,203		92,328
Genie Energy, Cl B		49		831
Global Water Resources		42		543
Hawaiian Electric Industries		404		6,690
IDACORP, Cl Rights		193		18,866
MGE Energy		133		11,683
Middlesex Water		64		4,255
Montauk Renewables *		169		1,004
National Fuel Gas		349		20,448
New Jersey Resources		375		17,531
NextEra Energy		7,851		599,738
NextEra Energy Partners		335		8,559
NiSource		1,715		53,594
Northwest Natural Holding		137		5,477
Northwestern Energy Group		234		12,582
NRG Energy		807		60,662
OGE Energy		766		29,698
ONE Gas		214		14,901
Ormat Technologies		232		18,012
Otter Tail		157		15,216
PG&E		7,731		141,091
Pinnacle West Capital		471		40,313
PNM Resources		342		14,220
Portland General Electric		387		18,336
PPL		2,826		83,989
Public Service Enterprise Group		1,926		153,637
Pure Cycle *		86		946
RGC Resources		30		675
Sempra		2,425		194,145
SJW Group		108		6,546
Southern		4,178		348,947
Southwest Gas Holdings		274		20,320
Spire		205		13,651

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
UTILITIES— continued
Star Group		108	$	1,194
Sunnova Energy International *		387		2,736
UGI		838		20,766
Unitil		58		3,554
Vistra		1,340		106,155
WEC Energy Group		1,210		104,133
Xcel Energy		2,128		124,020
York Water		52		2,148
				4,671,896
Total Common Stock
(Cost $133,319,407)				167,804,291
RIGHTS — 0.0%
		Number Of Rights
AbioMed^‡^‡		101		—
Alibero Pharma^‡^‡		36		77
Cincor Pharma^‡^‡		31		901
Concert Pharmaceuticals^‡^‡		89		33
Flexion Therapeutics^‡^‡,(A)		42		—
Icosavax^‡^‡		105		32
Inhibrx^‡^‡		132		83
Novartis^‡^‡		104		41

RIGHTS — continued
	Number Of Rights	Value
Prevail Therapeutics^‡^‡,(A)	16	$	—
Radius Health^‡^‡,(A)	82		—

Total Rights
(Cost $–)			1,167
WARRANT — 0.0%
	Number Of Warrants
Danimer Scientific, Strike Price $11.50,*
Expires 5/6/2029	119		9

Total Warrants
(Cost $–)			9
Total Investments in Securities— 95.5%
(Cost $133,319,407)		$	167,805,467

Percentages are based on Net Assets of $175,728,670.

#	More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.
*	Non-income producing security.
^‡	Real Estate Investment Trust.
^‡^‡	Expiration Date or Rate unavailable.
(A)	Level 3 security in accordance with fair value hierarchy.

A list of the open OTC swap agreements held by the Fund at July 31, 2024, is as follows:

Total Return Swap
Counterparty	Reference Entity/ Obligation			Fund Pays			Fund Receives		Payment Frequency		Termination Date		Currency		Notional Amount		Value				Upfront Payments/ Receipts	Net Unrealized Appreciation (Depreciation)
Wells Fargo		WFCBL2N61 Custom Basket	*		FEDL01+ 0.450	%		Asset Return		Annually		06/05/2025		USD		7,819,108	$	(90,693	)	$	–	$	(90,693	)
																	$	(90,693	)	$	–	$	(90,693	)

*The following table represents the individual common stock exposures comprising the WFCBL2N61 Custom Basket Total Return Swaps as of July 31, 2024:

Shares		Description	Notional Amount ($)		Unrealized Depreciation ($)			Percentage of Basket (	%)
	192	3M Co		17,210		(200	)	0.2
	218	Accenture PLC		50,600		(587	)	0.7
	155	Adobe Inc		59,899		(695	)	0.7
	556	Advanced Micro Devices Inc		56,371		(654	)	0.9
	180	Aflac Inc		12,071		(140	)	0.2
	76	Air Products And Chemicals Inc		14,086		(163	)	0.2
	146	Airbnb Inc		14,307		(166	)	0.2
	91	Allstate Corp/The		10,949		(127	)	0.2
	2,043	Alphabet Inc, Class A		245,761		(2,851	)	2.8
	1,835	Alphabet Inc, Class C		222,839		(2,585	)	3.4
	183	American Electric Power Co Inc		12,589		(146	)	0.2
	250	American Express Co		44,356		(514	)	0.6
	234	American International Group Inc		12,996		(151	)	0.2
	161	American Tower Corp		24,955		(289	)	0.3
	80	Ametek Inc		9,741		(113	)	0.1

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

Shares		Description	Notional Amount ($)		Unrealized Depreciation ($)			Percentage of Basket (	%)
	416	Amphenol Corp		18,749		(217	)	0.3
	172	Analog Devices Inc		27,894		(324	)	0.3
	68	Aon Plc		15,695		(182	)	0.2
	139	Apollo Global Management Inc		12,185		(141	)	0.1
	5,368	Apple Inc		836,076		(9,698	)	9.4
	288	Applied Materials Inc		42,872		(497	)	0.6
	126	Arch Capital Group Ltd		8,483		(99	)	0.1
	89	Arista Networks Inc		21,592		(250	)	0.2
	74	Arthur J Gallagher & Co		14,807		(172	)	0.2
	2,486	AT&T Inc		33,562		(389	)	0.4
	74	Autodesk Inc		12,888		(149	)	0.3
	142	Automatic Data Processing Inc		26,194		(304	)	0.3
	2,735	Bank Of America Corp		77,306		(897	)	1.0
	259	Bank Of New York Mellon Corp/The		11,839		(137	)	0.2
	454	Berkshire Hathaway Inc		139,723		(1,621	)	1.8
	51	Blackrock Inc		31,333		(363	)	0.4
	246	Blackstone Inc		24,546		(285	)	0.3
	188	Block Inc		8,176		(95	)	0.1
	12	Booking Holdings Inc		30,713		(356	)	0.4
	509	Boston Scientific Corp		26,381		(306	)	0.4
	1,579	Broadcom Inc		177,938		(2,064	)	0.9
	94	Cadence Design Systems Inc		17,647		(205	)	0.3
	131	Capital One Financial Corp		13,921		(161	)	0.2
	292	Carrier Global Corp		13,964		(162	)	0.2
	173	Caterpillar Inc		42,104		(488	)	0.6
	60	Cencora Inc		10,013		(116	)	0.1
	581	Charles Schwab Corp/The		26,576		(308	)	0.4
	79	Cheniere Energy Inc		10,128		(117	)	0.1
	646	Chevron Corp		72,704		(844	)	1.1
	140	Chubb Ltd		27,130		(315	)	0.4
	30	Cintas Corp		16,078		(186	)	0.2
	1,406	Cisco Systems Inc		47,764		(554	)	0.7
	664	Citigroup Inc		30,233		(351	)	0.4
	125	Cme Group Inc		16,958		(197	)	0.3
	1,488	Coca-Cola Co/The		69,637		(808	)	0.9
	173	Cognizant Technology Solutions Corp		9,164		(106	)	0.1
	286	Colgate-Palmolive Co		19,901		(231	)	0.3
	1,368	Comcast Corp		39,599		(459	)	0.5
	407	Conocophillips		31,751		(368	)	0.5
	109	Constellation Energy Corp		14,564		(169	)	0.2
	304	Copart Inc		11,155		(129	)	0.3
	243	Corteva Inc		9,552		(111	)	0.1
	140	Costar Group Inc		7,680		(89	)	0.1
	238	Crh Plc		14,330		(166	)	0.2
	78	Crowdstrike Holdings Inc		12,662		(147	)	0.3
	151	Crown Castle Inc		11,623		(135	)	0.1
	681	CSX Corp		16,756		(194	)	0.2
	96	Datadog Inc		7,809		(91	)	0.1
	90	Deere & Co		23,434		(272	)	0.4
	131	Dexcom Inc		6,245		(72	)	0.2
	62	Diamondback Energy Inc		8,754		(102	)	0.1
	109	Digital Realty Trust Inc		11,377		(132	)	0.1
	291	Dominion Energy Inc		10,911		(127	)	0.1
	100	Doordash Inc		7,791		(90	)	0.1
	244	Dow Inc		9,329		(108	)	0.1
	102	Dr Horton Inc		12,827		(149	)	0.1
	268	Duke Energy Corp		20,539		(238	)	0.3
	145	Dupont De Nemours Inc		8,506		(99	)	0.1
	139	Eaton Corp PLC		29,633		(344	)	0.4
	88	Ecolab Inc		14,312		(166	)	0.2
	206	Edwards Lifesciences Corp		9,105		(106	)	0.2
	198	Emerson Electric Co		16,245		(188	)	0.2
	201	Eog Resources Inc		17,892		(209	)	0.3

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

Shares		Description	Notional Amount ($)		Unrealized Depreciation ($)			Percentage of Basket (	%)
	33	Equinix Inc		18,188		(211	)	0.2
	347	Exelon Corp		9,060		(105	)	0.1
	1,378	Exxon Mobil Corp		114,636		(1,330	)	1.7
	199	Fastenal Co		9,865		(114	)	0.1
	78	Fedex Corp		16,621		(193	)	0.2
	200	Fidelity National Information Services Inc		10,777		(125	)	0.1
	204	Fiserv Inc		23,385		(271	)	0.3
	1,355	Ford Motor Co		10,279		(120	)	0.2
	219	Fortinet Inc		8,911		(103	)	0.1
	491	Freeport-Mcmoran Inc		15,630		(181	)	0.2
	196	General Mills Inc		9,220		(107	)	0.1
	401	General Motors Co		12,452		(144	)	0.2
	112	Goldman Sachs Group Inc/The		40,095		(465	)	0.5
	97	Hess Corp		10,385		(120	)	0.2
	86	Hilton Worldwide Holdings Inc		12,935		(150	)	0.2
	344	Home Depot Inc/The		88,826		(1,030	)	1.2
	227	Honeywell International Inc		32,555		(378	)	0.4
	104	Illinois Tool Works Inc		17,969		(208	)	0.3
	140	Ingersoll Rand Inc		9,864		(114	)	0.1
	1,470	Intel Corp		31,699		(368	)	0.4
	197	Intercontinental Exchange Inc		20,961		(243	)	0.3
	319	International Business Machines Corp		42,942		(498	)	0.5
	95	Intuit Inc		42,971		(498	)	0.6
	122	Intuitive Surgical Inc		38,189		(443	)	0.5
	63	Iqvia Holdings Inc		10,812		(125	)	0.1
	235	Johnson Controls International PLC		11,798		(137	)	0.2
	993	JPMorgan Chase & Co		148,129		(1,718	)	1.9
	377	Keurig Dr Pepper Inc		9,053		(105	)	0.1
	117	Kimberly-Clark Corp		11,085		(129	)	0.2
	673	Kinder Morgan Inc		9,976		(116	)	0.1
	47	KLA Corp		27,123		(315	)	0.3
	421	Kraft Heinz Co/The		10,384		(120	)	0.1
	45	Lam Research Corp		29,318		(340	)	0.4
	83	Lennar Corp		10,324		(120	)	0.1
	165	Linde Plc		52,379		(609	)	0.8
	199	Lowe's Cos Inc		34,248		(397	)	0.5
	125	Marathon Petroleum Corp		15,529		(180	)	0.3
	84	Marriott International Inc/MD		13,463		(156	)	0.2
	171	Marsh & Mclennan Cos Inc		26,678		(309	)	0.3
	298	Marvell Technology Inc		13,991		(162	)	0.2
	251	Mcdonald'S Corp		46,670		(541	)	0.7
	46	Mckesson Corp		19,775		(229	)	0.3
	462	Medtronic Plc		26,006		(302	)	0.4
	763	Meta Platforms Inc		254,110		(2,947	)	3.3
	210	Metlife Inc		11,329		(131	)	0.2
	184	Microchip Technology Inc		11,461		(133	)	0.2
	383	Micron Technology Inc		29,479		(342	)	0.4
	2,547	Microsoft Corp		747,167		(8,666	)	10.0
	468	Mondelez International Inc		22,417		(260	)	0.3
	263	Monster Beverage Corp		9,495		(110	)	0.1
	63	Moody's Corp		20,292		(235	)	0.2
	434	Morgan Stanley		31,401		(364	)	0.4
	58	Motorola Solutions Inc		16,150		(187	)	0.2
	149	Netflix Inc		65,718		(762	)	0.8
	401	Newmont Corp		13,786		(160	)	0.1
	711	Nextera Energy Inc		38,107		(442	)	0.5
	407	Nike Inc		21,385		(248	)	0.4
	79	Norfolk Southern Corp		13,748		(159	)	0.2
	83	Nucor Corp		9,517		(110	)	0.1
	8,353	Nvidia Corp		685,476		(7,951	)	7.2
	307	Occidental Petroleum Corp		13,114		(152	)	0.2
	65	Old Dominion Freight Line Inc		9,618		(113	)	0.1
	202	Oneok Inc		11,826		(137	)	0.2

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

Shares		Description	Notional Amount ($)		Unrealized Depreciation ($)			Percentage of Basket (	%)
	556	Oracle Corp		54,328		(630	)	0.6
	141	Otis Worldwide Corp		9,330		(108	)	0.1
	179	Paccar Inc		12,389		(144	)	0.2
	652	Palantir Technologies Inc		12,297		(143	)	0.2
	111	Palo Alto Networks Inc		25,271		(293	)	0.3
	44	Parker-Hannifin Corp		17,484		(203	)	0.2
	112	Paychex Inc		10,037		(116	)	0.1
	363	Paypal Holdings Inc		16,748		(194	)	0.3
	477	Pepsico Inc		57,715		(669	)	0.8
	699	Pg&E Corp		8,940		(104	)	0.1
	149	Phillips 66		15,153		(176	)	0.2
	138	PNC Financial Services Group Inc/The		17,512		(203	)	0.2
	203	Progressive Corp/The		30,513		(354	)	0.4
	321	Prologis Inc		28,341		(329	)	0.3
	125	Prudential Financial Inc		10,958		(127	)	0.1
	173	Public Service Enterprise Group Inc		9,693		(112	)	0.1
	55	Public Storage		11,395		(132	)	0.1
	388	Qualcomm Inc		49,174		(570	)	0.6
	299	Realty Income Corp		12,055		(140	)	0.2
	71	Republic Services Inc		9,702		(114	)	0.2
	37	Roper Technologies Inc		14,166		(164	)	0.2
	114	Ross Stores Inc		11,485		(133	)	0.1
	82	Royal Caribbean Cruises Ltd		9,016		(105	)	0.1
	111	S&P Global Inc		37,835		(439	)	0.5
	327	Salesforce Inc		59,352		(688	)	0.9
	494	Schlumberger NV		16,733		(194	)	0.2
	220	Sempra		12,345		(143	)	0.2
	71	Servicenow Inc		40,537		(470	)	0.5
	81	Sherwin-Williams Co/The		20,002		(232	)	0.2
	112	Simon Property Group Inc		12,100		(140	)	0.2
	107	Snowflake Inc		9,797		(114	)	0.2
	379	Southern Co/The		22,186		(257	)	0.3
	384	Starbucks Corp		20,973		(243	)	0.3
	124	Stryker Corp		28,492		(330	)	0.4
	53	Synopsys Inc		20,695		(240	)	0.3
	173	Sysco Corp		9,292		(108	)	0.1
	160	Target Corp		16,903		(196	)	0.3
	964	Tesla Inc		156,888		(1,820	)	1.8
	316	Texas Instruments Inc		45,159		(524	)	0.6
	394	Tjx Cos Inc/The		31,205		(362	)	0.4
	153	T-Mobile Us Inc		19,525		(226	)	0.3
	153	Trade Desk Inc/The		9,671		(112	)	0.1
	79	Trane Technologies PLC		18,451		(214	)	0.3
	79	Travelers Cos Inc/The		12,049		(140	)	0.2
	463	Truist Financial Corp		14,508		(168	)	0.2
	696	Uber Technologies Inc		31,459		(365	)	0.5
	212	Union Pacific Corp		36,597		(424	)	0.5
	253	United Parcel Service Inc		23,151		(269	)	0.4
	541	US Bancorp		17,023		(197	)	0.2
	115	Valero Energy Corp		13,052		(151	)	0.2
	1,462	Verizon Communications Inc		41,554		(482	)	0.6
	638	Walt Disney Co/The		41,908		(486	)	0.7
	139	Waste Management Inc		19,812		(231	)	0.3
	198	Welltower Inc		15,437		(179	)	0.2
	422	Williams Cos Inc/The		12,722		(149	)	0.2
	72	Workday Inc		11,532		(134	)	0.2
	16	Ww Grainger Inc		10,619		(123	)	0.1
	98	Yum! Brands Inc		9,105		(106	)	0.1
			$	7,819,108	$	(90,693	)	100.0	%

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	U.S. ALL CAP INDEX FUND
	JULY 31, 2024
	(Unaudited)

Amounts designated as “—” are $0 or have been rounded to $0.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund’s most recent financial statements.

See “Glossary for abbreviations”.

KOC-QH-008-1000

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	REAL ESTATE FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 92.9%#
	Shares		Value
CONSUMER DISCRETIONARY — 2.5%
Wyndham Hotels & Resorts		53,240	$	4,031,333

FINANCIALS — 3.8%
Ellington Financial ^‡		483,331		6,133,470

REAL ESTATE — 86.6%
Acadia Realty Trust ^‡		213,927		4,629,380
American Homes 4 Rent, Cl A ^‡		153,686		5,546,528
American Tower ^‡		39,702		8,750,321
Americold Realty Trust ^‡		211,861		6,332,525
Brixmor Property Group ^‡		284,897		7,256,327
BXP ^‡		56,319		4,016,108
CBRE Group, Cl A *		13,221		1,490,139
Equinix ^‡		14,481		11,443,465
Equity LifeStyle Properties ^‡		62,061		4,262,350
Essential Properties Realty Trust ^‡		153,795		4,550,794
Host Hotels & Resorts ^‡		159,628		2,795,086
Independence Realty Trust ^‡		223,544		4,169,096
Iron Mountain ^‡		58,839		6,034,528
Kennedy-Wilson Holdings		499,696		5,201,835
Prologis ^‡		76,542		9,648,119
Public Storage ^‡		16,237		4,804,853
Rexford Industrial Realty ^‡		128,535		6,440,889
Ryman Hospitality Properties ^‡		34,216		3,439,050
SBA Communications, Cl A ^‡		23,159		5,084,327
Sun Communities ^‡		29,489		3,737,141
Tanger ^‡		132,239		3,821,707
Terreno Realty ^‡		105,818		7,239,009
Urban Edge Properties ^‡		180,030		3,654,609
Ventas ^‡		82,805		4,507,904
Veris Residential ^‡		315,025		4,949,043
VICI Properties, Cl A ^‡		211,626		6,615,429
				140,420,562
Total Common Stock
(Cost $143,261,613)				150,585,365
Total Investments in Securities— 92.9%
(Cost $143,261,613)			$	150,585,365

Percentages are based on Net Assets of $162,041,305.

*	Non-income producing security.
^‡	Real Estate Investment Trust.
#	More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.

See “Glossary” for abbreviations.

KOC-QH-009-1000

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	INTERNATIONAL EQUITY FUND
	JULY 31, 2024
	(Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 97.8%
	Shares		Value
AUSTRALIA — 2.1%
BHP Group		97,436	$	2,706,278
Goodman Group ^‡		65,700		1,516,756
				4,223,034

BRAZIL — 1.4%
Itau Unibanco Holding		290,900		1,748,131
MercadoLibre *		640		1,068,096
				2,816,227

CANADA — 9.1%
Alimentation Couche-Tard		38,400		2,367,163
Aritzia *		28,800		945,364
Canadian National Railway		20,340		2,354,646
Canadian Natural Resources		68,420		2,429,253
Constellation Software		900		2,839,721
Dollarama		22,420		2,101,779
Manulife Financial		113,160		3,014,540
Stantec		24,400		2,146,896
				18,199,362

CHINA — 7.8%
Alibaba Group Holding		112,000		1,102,105
ANTA Sports Products		149,000		1,333,676
Bank of China, Cl H		3,598,000		1,602,148
BYD, Cl H		42,500		1,258,203
CSPC Pharmaceutical Group		1,730,000		1,286,853
PDD Holdings ADR *		11,550		1,488,679
Tencent Holdings		66,500		3,068,739
Tencent Music Entertainment Group ADR		108,470		1,538,105
Weichai Power, Cl H		844,000		1,350,778
Xiaomi, Cl B *		721,600		1,549,875
				15,579,161

DENMARK — 0.8%
Genmab *		5,900		1,666,583


FRANCE — 9.0%
BNP Paribas		42,700		2,925,540
Danone		40,400		2,624,593
Dassault Systemes		49,300		1,868,904
Engie		153,310		2,410,061
Ipsen		20,536		2,305,790
TotalEnergies		47,710		3,218,823
Vinci		23,240		2,652,104
				18,005,815

GERMANY — 8.2%
Daimler Truck Holding		48,066		1,855,781
Deutsche Telekom		114,500		2,995,036
Henkel AG & Co KGaA		25,450		2,177,042
Mercedes-Benz Group		29,982		1,981,946
SAP		19,090		4,036,018
Siemens		18,150		3,323,216
				16,369,039


COMMON STOCK — continued
	Shares		Value
INDIA — 6.5%
Bharti Airtel		125,600	$	2,243,710
Divi's Laboratories		33,060		1,946,137
ICICI Bank		192,940		2,812,385
Infosys		146,010		3,237,744
Power Grid Corp of India		695,266		2,895,914
				13,135,890

INDONESIA — 1.0%
Bank Negara Indonesia Persero		6,612,200		2,025,139


JAPAN — 12.8%
Honda Motor		195,000		2,083,492
Hoya		17,160		2,150,162
ITOCHU		61,000		3,128,291
Komatsu		67,700		1,924,547
Mitsubishi UFJ Financial Group		298,400		3,446,625
Mitsui Fudosan		219,300		2,271,918
ORIX		96,900		2,343,977
Shin-Etsu Chemical		65,800		2,923,539
Tokio Marine Holdings		91,800		3,601,602
ZOZO		62,500		1,829,684
				25,703,837

LUXEMBOURG — 0.9%
ArcelorMittal		81,950		1,866,060


MEXICO — 1.3%
Cemex		1,009,100		647,783
Grupo Financiero Banorte		262,000		1,967,496
				2,615,279

NETHERLANDS — 4.6%
ASML Holding		4,450		4,143,717
Koninklijke Ahold Delhaize		87,000		2,802,726
Wolters Kluwer		14,180		2,373,867
				9,320,310

NORWAY — 0.6%
Equinor		44,130		1,168,571


SINGAPORE — 1.3%
United Overseas Bank		108,840		2,639,227


SOUTH KOREA — 3.9%
KB Financial Group		39,081		2,526,434
Kia		23,470		1,925,871
Samsung Electronics		36,920		2,276,571
SK Hynix		8,100		1,161,730
				7,890,606

SPAIN — 4.4%
Amadeus IT Group		30,040		1,978,463
CaixaBank		449,800		2,623,344
Industria de Diseno Textil		54,440		2,645,181
Mapfre		672,700		1,630,245
				8,877,233

THE ADVISORS’ INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS
	INTERNATIONAL EQUITY FUND
	JULY 31, 2024
	(Unaudited)

COMMON STOCK — continued
	Shares		Value
SWITZERLAND — 1.4%
UBS Group		94,060	$	2,850,081


TAIWAN — 4.4%
Largan Precision		24,700		2,142,979
Taiwan Semiconductor Manufacturing		229,160		6,684,899
				8,827,878

UNITED KINGDOM — 8.8%
3i Group PLC		72,060		2,899,016
BAE Systems PLC		137,670		2,296,068
InterContinental Hotels Group		20,550		2,070,316
Investec PLC		206,500		1,624,674
Lloyds Banking Group PLC		4,375,000		3,342,268
SSE PLC		92,580		2,240,595
Unilever PLC		50,530		3,105,295
				17,578,232

UNITED STATES — 7.5%
CRH PLC		24,620		2,094,098
Ferguson PLC		12,100		2,672,170
Linde PLC		4,193		1,901,525
Nestle PLC		19,430		1,968,116
Shell PLC		111,900		4,080,294
Swiss Re		18,300		2,256,087
				14,972,290

Total Common Stock
(Cost $160,503,984)				196,329,854
Total Investments in Securities— 97.8%
(Cost $160,503,984)			$	196,329,854

Percentages are based on Net Assets of $200,797,581.

*	Non-income producing security.
^‡	Real Estate Investment Trust.

See “Glossary” for abbreviations.

KOC-QH-006-1900

THE ADVISOR’S INNER CIRCLE FUND III	KNIGHTS OF COLUMBUS FUNDS
	JULY 31, 2024
	(Unaudited)

Glossary: (abbreviations which may be used in the preceding Schedules of Investments)

Fund Abbreviations

ADR — American Depositary Receipt

BDC — Business Development Company

Cl — Class

CLO — Collateralized Loan Obligation

ETF — Exchange Traded Fund

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

FREMF — Freddie Mac Multi-Family

GNMA — Government National Mortgage Association

H15T1Y — 1 Year U.S. Treasury Yield Curve Constant Maturity

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

PLC — Public Limited Company

RB — Revenue Bond

REIT — Real Estate Investment Trust

S&P — Standard & Poor's

Ser — Series

SOFR — Secured Overnight Financing Rate

TSFR — Term Secured Overnight Financing Rate

USSW — United States Swap Rate

Currency Abbreviation

USD — United States Dollar

Advisors' Inner Circle Fund III NPORT-PKnights of Columbus Small Cap Equity Fund (Jul 2024 report)