| THE ADVISORS’ INNER CIRCLE FUND | CAMBIAR AGGRESSIVE VALUE FUND | |
| JULY 31, 2023 (UNAUDITED) | ||
COMMON STOCK — 96.1% | ||||||||
| Shares | Value | |||||||
CANADA — 9.7% | ||||||||
Cenovus Energy | 129,437 | $ | 2,461,892 | |||||
Suncor Energy | 75,085 | 2,349,409 | ||||||
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| 4,811,301 | ||||||||
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FRANCE — 2.9% | ||||||||
Airbus ADR | 39,469 | 1,452,854 | ||||||
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GERMANY — 6.9% | ||||||||
Bayer ADR | 137,144 | 2,002,302 | ||||||
SAP ADR | 10,247 | 1,397,179 | ||||||
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| 3,399,481 | ||||||||
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UNITED KINGDOM — 4.9% | ||||||||
Shell ADR | 39,184 | 2,414,910 | ||||||
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UNITED STATES — 71.7% | ||||||||
Air Lease | 45,319 | 1,918,807 | ||||||
Alphabet * | 11,176 | 1,483,279 | ||||||
American Express | 10,028 | 1,693,529 | ||||||
Applied Materials | 8,816 | 1,336,417 | ||||||
Bristol-Myers Squibb | 24,954 | 1,551,889 | ||||||
Centene * | 24,393 | 1,660,919 | ||||||
Constellation Brands | 7,861 | 2,144,481 | ||||||
Corteva | 19,990 | 1,128,036 | ||||||
Energy Transfer | 200,684 | 2,667,090 | ||||||
Goldman Sachs Group | 5,568 | 1,981,484 | ||||||
Intercontinental Exchange | 12,737 | 1,462,208 | ||||||
L3Harris Technologies | 7,362 | 1,395,025 | ||||||
Laboratory Corp of America Holdings | 9,031 | 1,932,002 | ||||||
Liberty Media -Liberty Formula One Cl, C * | 34,284 | 2,489,018 | ||||||
Medtronic | 19,897 | 1,746,161 | ||||||
NOV | 104,483 | 2,098,019 | ||||||
Sysco | 20,572 | 1,569,849 | ||||||
TE Connectivity | 13,691 | 1,964,522 | ||||||
Uber Technologies * | 35,814 | 1,771,360 | ||||||
Waters * | 5,173 | 1,428,834 | ||||||
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| 35,422,929 | ||||||||
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TOTAL COMMON STOCK | ||||||||
(Cost $39,181,457) | 47,501,475 | |||||||
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TOTAL INVESTMENTS — 96.1% | ||||||||
(Cost $39,181,457) | $ | 47,501,475 | ||||||
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Percentages are based on Net Assets of $49,431,674.
| * | Non-income producing security. |
Cl — Class
ADR — American Depositary Receipt
CMB-QH-010-3200
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