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

Schedule of Investments

July 31, 2023 (Unaudited)

LSV U.S. Managed Volatility Fund
	Shares		Value (000)
Common Stock (99.2%)
Communication Services (7.8%)
AT&T		43,500	$	632
Cogeco Communications		2,900		147
Comcast, Cl A		14,000		634
Fox		8,000		268
Nippon Telegraph & Telephone ADR		6,200		178
SK Telecom ADR		7,713		155
Verizon Communications		26,300		896
				2,910
Consumer Discretionary (6.3%)
AutoZone*		250		620
Canadian Tire, Cl A		2,100		288
H&R Block		8,400		283
Honda Motor ADR		13,500		431
Lowe’s		900		211
Murphy USA		700		215
Service International		1,700		113
Whirlpool		1,500		216
				2,377
Consumer Staples (12.5%)
Altria Group		4,700		214
Archer-Daniels-Midland		6,400		544
Campbell Soup		5,900		270
Conagra Brands		13,300		436
General Mills		5,700		426
Ingredion		1,800		200
JM Smucker		1,900		286
Kellogg		6,600		441
Kraft Heinz		12,600		456
Kroger		16,000		778
Molson Coors Beverage, Cl B		5,900		412
Walgreens Boots Alliance		3,500		105
Walmart		1,200		192
				4,760
Energy (4.5%)
Chesapeake Energy		2,700		228
Chevron		3,200		524
Eni ADR		10,800		331
ExxonMobil		5,700		611
				1,694
Financials (11.2%)
Aflac		6,300		456
Allstate		1,700		191
American Financial Group		1,200		146
Bank of New York Mellon		10,600		481
Bank of Nova Scotia		3,000		151
Berkshire Hathaway, Cl B*		1,800		633
Canadian Imperial Bank of Commerce		5,600		247

LSV U.S. Managed Volatility Fund
	Shares		Value (000)
Financials (continued)
Hartford Financial Services Group		8,300	$	597
Loblaw		5,600		497
MetLife		1,700		107
OceanFirst Financial		5,730		107
Towne Bank		3,896		98
Washington Federal		6,400		199
Western Union		26,200		319
				4,229
Health Care (20.0%)
AbbVie		1,400		209
Amgen		2,400		562
Bristol-Myers Squibb		9,600		597
Cardinal Health		4,100		375
Cigna Group		800		236
CVS Health		7,300		545
DaVita*		2,200		224
Fortrea Holdings*		900		29
Gilead Sciences		10,700		815
GSK ADR		11,920		424
Jazz Pharmaceuticals*		2,000		261
Johnson & Johnson		3,000		503
Laboratory Corp of America Holdings		900		193
McKesson		1,100		443
Merck		9,300		992
Organon		1,993		44
Pfizer		12,500		451
Quest Diagnostics		3,000		406
Sanofi ADR		4,600		245
				7,554
Industrials (8.9%)
Allison Transmission Holdings		6,300		370
CSG Systems International		8,000		413
Cummins		1,600		417
Lockheed Martin		800		357
Northrop Grumman		400		178
PACCAR		3,500		301
Schneider National, Cl B		9,500		293
Science Applications International		2,700		327
Snap-on		1,500		409
Werner Enterprises		6,200		291
				3,356
Information Technology (18.2%)
Amdocs		10,900		1,021
Arrow Electronics*		2,400		342
Avnet		6,600		320
Canon ADR		19,100		494
Cisco Systems		20,000		1,041
Dell Technologies, Cl C		3,400		180
Hewlett Packard Enterprise		23,400		407

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Schedule of Investments

July 31, 2023 (Unaudited)

LSV U.S. Managed Volatility Fund
	Shares		Value (000)
Information Technology (continued)
Insight Enterprises*		2,200	$	323
International Business Machines		5,600		807
Knowles*		13,700		250
Open Text		6,900		296
Oracle		9,000		1,055
OSI Systems*		2,800		334
				6,870
Materials (4.4%)
Berry Global Group		3,100		203
Graphic Packaging Holding		9,700		235
International Paper		4,100		148
NewMarket		800		361
Reliance Steel & Aluminum		900		263
Silgan Holdings		3,500		154
Sonoco Products		4,800		281
				1,645
Utilities (5.4%)
Entergy		3,600		370
Evergy		9,100		546
Exelon		3,800		159
National Fuel Gas		5,200		276
Otter Tail		3,300		267
PPL		10,800		297
UGI		5,300		143
				2,058
TOTAL COMMON STOCK (Cost $33,360)				37,453
		Face Amount (000)
Repurchase Agreement (0.4%)
South Street Securities 5.010%, dated 07/31/2023, to be repurchased on 08/01/2023, repurchase price $148 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $143, 1.125% - 5.466%, 07/31/2025 – 05/15/2033; total market value $151)	$	148		148
TOTAL REPURCHASE AGREEMENT (Cost $148)				148
Total Investments – 99.6% (Cost $33,508)			$	37,601

Percentages are based on Net Assets of $37,747 (000).

* Non-income producing security.

ADR — American Depositary Receipt

Cl — Class

LSV-QH-007-1900

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