Advisors' Inner Circle Fund NPORT-P LSV Global Managed Volatility Fund (Jul 2023 report)

Schedule of Investments

July 31, 2023 (Unaudited)

LSV Global Managed Volatility Fund
	Shares		Value (000)
U.S. Common Stock (59.1%)
Communication Services (3.8%)
AT&T		4,900	$	71
Comcast, Cl A		6,000		272
Fox		1,400		47
Verizon Communications		3,000		102
				492
Consumer Discretionary (3.6%)
Advance Auto Parts		600		45
AutoZone*		20		50
DR Horton		300		38
eBay		1,000		45
H&R Block		1,300		44
Lowe’s		300		70
Murphy USA		500		153
Whirlpool		300		43
				488
Consumer Staples (7.5%)
Altria Group		2,100		95
Archer-Daniels-Midland		500		42
General Mills		1,700		127
JM Smucker		500		75
Kellogg		1,900		127
Kraft Heinz		3,300		119
Kroger		4,000		195
Molson Coors Beverage, Cl B		1,100		77
Sprouts Farmers Market*		3,300		130
				987
Energy (1.3%)
Chevron		300		49
ExxonMobil		1,100		118
				167
Financials (6.3%)
Bank of New York Mellon		1,200		54
Berkshire Hathaway, Cl B*		160		56
Brookline Bancorp		4,600		49
Employers Holdings		1,200		46
FS KKR Capital		2,200		45
Golub Capital BDC		3,200		45
Hartford Financial Services Group		2,200		159
New Mountain Finance		3,500		45
Oaktree Specialty Lending		6,200		126
OceanFirst Financial		2,600		48
Washington Federal		2,400		75
Western Union		6,800		83
				831
Health Care (16.5%)
Amgen		700		164
Bristol-Myers Squibb		4,500		279

LSV Global Managed Volatility Fund
	Shares		Value (000)
Health Care (continued)
Cardinal Health		1,000	$	91
CVS Health		5,000		372
Gilead Sciences		2,800		213
GSK		6,500		116
Incyte*		700		45
Jazz Pharmaceuticals*		900		117
Johnson & Johnson		950		158
McKesson		450		182
Merck		400		43
Pfizer		5,200		187
Prestige Consumer Healthcare*		700		46
Quest Diagnostics		500		68
Sanofi		700		75
				2,156
Industrials (5.4%)
Allison Transmission Holdings		2,500		147
CSG Systems International		800		41
Cummins		500		130
Lockheed Martin		330		147
MSC Industrial Direct, Cl A		600		61
Schneider National, Cl B		1,600		49
Science Applications International		400		49
Snap-on		150		41
Werner Enterprises		1,000		47
				712
Information Technology (9.7%)
Amdocs		1,900		178
Arrow Electronics*		900		128
Cisco Systems		1,900		99
Dell Technologies, Cl C		1,100		58
HP		4,000		131
Insight Enterprises*		700		103
Intel		1,000		36
International Business Machines		1,200		173
Oracle		2,200		258
OSI Systems*		800		95
				1,259
Materials (3.3%)
Berry Global Group		700		46
Graphic Packaging Holding		4,000		97
NewMarket		300		136
Reliance Steel & Aluminum		350		103
Sonoco Products		800		47
				429
Utilities (1.7%)
Entergy		400		41
Evergy		700		41

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Schedule of Investments

July 31, 2023 (Unaudited)

LSV Global Managed Volatility Fund
	Shares		Value (000)
Utilities (continued)
National Fuel Gas		900	$	48
Otter Tail		500		41
UGI		1,700		46
				217
TOTAL U.S. COMMON STOCK (Cost $7,429)				7,738
Foreign Common Stock (39.0%)
Austria (0.7%)
ANDRITZ		800		42
UNIQA Insurance Group		5,300		44
				86
Belgium (0.6%)
Ageas		1,000		42
Etablissements Franz Colruyt		1,100		42
				84
Brazil (0.4%)
Telefonica Brasil		5,200		47
Canada (2.9%)
Bank of Nova Scotia		900		45
Canadian Imperial Bank of Commerce		1,000		44
Canadian Tire, Cl A		400		55
Loblaw		1,000		89
Quebecor, Cl B		1,800		44
Stella-Jones		2,000		102
				379
China (3.6%)
Bank of China, Cl H		348,000		129
Bank of Communications, Cl H		75,000		45
China Shenhua Energy, Cl H		14,000		42
CRRC		78,000		43
People’s Insurance Group of China, Cl H		274,000		105
PetroChina, Cl H		142,000		104
				468
Denmark (0.3%)
Scandinavian Tobacco Group		2,400		42

LSV Global Managed Volatility Fund
	Shares		Value (000)
Finland (0.6%)
Metsa Board, Cl B		5,200	$	42
TietoEVRY		1,600		41
				83
France (4.4%)
Bouygues		1,300		47
Carrefour		2,300		46
Cie Generale des Etablissements Michelin SCA		1,400		46
Orange		7,900		89
Societe BIC		2,400		146
TotalEnergies		2,200		134
Verallia		1,100		49
				557
Germany (0.7%)
Deutsche Telekom		2,000		44
Hornbach Holding & KGaA		600		48
				92
Hungary (0.4%)
Magyar Telekom Telecommunications		48,800		58
Italy (1.3%)
Eni		10,900		166
Japan (8.7%)
AEON REIT Investment‡		40		42
Brother Industries		2,900		45
Canon		1,700		44
EDION		7,800		80
Fukuoka REIT‡		40		47
Honda Motor		3,100		99
Horiba		800		47
ITOCHU		1,100		44
Japan Post Holdings		11,000		80
Japan Post Insurance		5,100		82
Japan Tobacco		2,000		44
Mitsubishi Shokuhin		3,100		82
Mitsui		1,200		47
Mizuho Financial Group		5,100		86
NIPPON EXPRESS HOLDINGS INC		1,400		82
Nippon Telegraph & Telephone		37,400		43
Sekisui House		2,100		43

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Schedule of Investments

July 31, 2023 (Unaudited)

LSV Global Managed Volatility Fund
	Shares		Value (000)
Japan (continued)
Yamaguchi Financial Group		11,200	$	87
				1,124
Malaysia (0.7%)
AMMB Holdings		54,000		46
RHB Bank		35,700		45
				91
Netherlands (1.6%)
Koninklijke Ahold Delhaize		1,300		45
Shell		5,400		164
				209
Norway (0.3%)
Orkla		5,500		43
Portugal (0.3%)
REN - Redes Energeticas Nacionais SGPS		15,800		43
Russia (–%)
LUKOIL PJSC(A)(B)		1,300		—
Singapore (1.6%)
DBS Group Holdings		1,800		46
Jardine Cycle & Carriage		4,100		106
United Overseas Bank		2,800		63
				215
South Korea (2.6%)
Industrial Bank of Korea		5,400		44
Kia		600		39
KT		1,900		44
KT&G		700		45
Samsung Card		2,100		47
Samsung Fire & Marine Insurance		400		77
SK Telecom		1,200		43
				339
Spain (1.0%)
Cia de Distribucion Integral Logista Holdings		1,600		45
Endesa		2,000		43
Repsol		3,100		47
				135

LSV Global Managed Volatility Fund
	Shares		Value (000)
Sweden (0.3%)
Swedbank		2,400	$	44
Switzerland (1.0%)
Novartis		400		42
Swisscom		70		45
Valiant Holding		400		44
				131
Taiwan (1.7%)
Chicony Electronics		38,000		126
Greatek Electronics		22,000		43
Powertech Technology		17,000		60
				229
Thailand (1.2%)
Kiatnakin Phatra Bank		27,300		44
Krung Thai Bank		197,200		118
				162
United Kingdom (2.1%)
BAE Systems		3,600		43
British American Tobacco		1,300		44
BT Group, Cl A		27,100		42
Imperial Brands		1,900		45
Tesco		28,700		95
				269
TOTAL FOREIGN COMMON STOCK (Cost $4,921)				5,096
Warrants (0.0%)
Thailand (0.0%)
Kiatnakin Phatra Bank 01/02/2025 *		2,275		—
Kiatnakin Phatra Bank 01/03/2027*		2,275		—
				—
TOTAL WARRANTS (Cost $–)				—

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Schedule of Investments

July 31, 2023 (Unaudited)

LSV Global Managed Volatility Fund
	Face     Amount     (000)		Value (000)
Repurchase Agreement (0.7%)
South Street Securities 5.010%, dated 07/31/2023, to be repurchased on 08/01/2023, repurchase price $96 (collateralized by various U.S. Treasury obligations, ranging in par value $0 -$92, 1.125% - 5.466%, 07/31/2025 – 05/15/2033; total market value $98)	$	96	$	96
TOTAL REPURCHASE AGREEMENT (Cost $96)				96
Total Investments – 98.8% (Cost $12,446)			$	12,930

Percentages are based on Net Assets of $13,084 (000).

* Non-income producing security.

‡ Real Estate Investment Trust.

(A) Level 3 security in accordance with fair value hierarchy.

(B) Security is Fair Valued.

Cl — Class

PJSC — Public Joint Stock Company

REIT — Real Estate Investment Trust

LSV-QH-005-1900

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