THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 78.2%

	Shares		Value
Australia — 0.1%
Energy — 0.1%
Boss Energy *	14,990	$	19,859
Paladin Energy *	8,437		79,104
			98,963
Information Technology — 0.0%
WiseTech Global	892		35,740
Xero *	473		30,826
			66,566
Total Australia			165,529

Austria — 0.1%
Financials — 0.1%
Erste Group Bank	745		96,857

Belgium — 0.1%
Health Care — 0.1%
UCB	527		160,591

Brazil — 0.2%
Communication Services — 0.1%
TIM	46,075		214,058

Consumer Staples — 0.1%
Raia Drogasil	22,838		106,059
Total Brazil			320,117

Canada — 0.5%
Energy — 0.3%
Cameco	598		73,961
Denison Mines *	24,312		96,059
Energy Fuels *	7,912		176,932
NexGen Energy *	6,448		80,976
			427,928
Information Technology — 0.2%
Shopify, Cl A *	1,639		215,086
Total Canada			643,014

Chile — 0.1%
Materials — 0.1%
Sociedad Quimica y Minera de Chile ADR *	900		69,156

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
China — 1.7%
Consumer Discretionary — 0.7%
Alibaba Group Holding	33,648	$	715,813
BYD, Cl A	300		3,924
Gree Electric Appliances of Zhuhai, Cl A	4,400		24,516
SAIC Motor, Cl A	4,200		8,539
Sailun Group, Cl A	5,300		12,082
Weifu High-Technology Group, Cl A	8,100		24,912
Yum China Holdings	2,267		112,035
			901,821
Consumer Staples — 0.1%
Fujian Sunner Development, Cl A	10,500		26,038
Guangdong Haid Group, Cl A	4,200		31,152
Inner Mongolia Yili Industrial Group, Cl A	5,700		21,613
Kweichow Moutai, Cl A	100		20,159
Wellhope Foods, Cl A	10,100		10,892
Yifeng Pharmacy Chain, Cl A	20,600		70,819
			180,673
Financials — 0.1%
Agricultural Bank of China, Cl A	44,800		43,317
China Minsheng Banking, Cl A	30,200		16,298
Industrial & Commercial Bank of China, Cl A	26,200		27,326
Industrial Bank, Cl A	12,700		34,170
Ping An Insurance Group of China, Cl A	1,700		16,318
			137,429
Health Care — 0.1%
Guangxi LiuYao Group, Cl A	4,000		10,460
Huadong Medicine, Cl A	5,100		26,474
Jiangsu Hengrui Pharmaceuticals, Cl A	2,800		23,419
WuXi AppTec, Cl A	500		6,853
			67,206
Industrials — 0.5%
Beijing Career International, Cl A	5,000		21,407
China State Construction Engineering, Cl A	39,800		28,863
Contemporary Amperex Technology, Cl A	1,100		55,503
Guangxi Liugong Machinery, Cl A	9,800		16,035
Han's Laser Technology Industry Group, Cl A	18,800		130,449
Ningbo Orient Wires & Cables, Cl A	1,300		10,346
Sieyuan Electric, Cl A	2,200		58,528
Sungrow Power Supply, Cl A	6,410		139,253
Sunwoda Electronic, Cl A	4,800		16,190

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
China — continued
Industrials — continued
Suzhou Gold Mantis Construction Decoration, Cl A	18,000	$	9,666
YTO Express Group, Cl A	12,200		29,626
Yutong Bus, Cl A	10,900		48,507
Zhejiang Sanhua Intelligent Controls, Cl A	4,200		30,796
			595,169
Information Technology — 0.2%
Huaqin Technology, Cl A	1,200		14,876
LONGi Green Energy Technology, Cl A *	6,700		17,240
Luxshare Precision Industry, Cl A	5,300		39,303
Nantong Jianghai Capacitor, Cl A	4,200		18,430
NAURA Technology Group, Cl A	400		27,312
Zhejiang Dahua Technology, Cl A	6,400		17,446
Zhongji Innolight, Cl A	1,000		92,864
			227,471
Materials — 0.0%
Anhui Conch Cement, Cl A	5,800		20,467
Baoshan Iron & Steel, Cl A	23,500		24,595
Wanhua Chemical Group, Cl A	1,600		20,260
			65,322
Utilities — 0.0%
SDIC Power Holdings, Cl A	2,000		3,669
Total China			2,178,760

Denmark — 0.2%
Industrials — 0.2%
DSV	727		204,422
Vestas Wind Systems	1,832		55,530
			259,952
Utilities — 0.0%
Orsted *	787		17,704
Total Denmark			277,656

Finland — 0.2%
Financials — 0.1%
Nordea Bank Abp	7,823		151,144

Industrials — 0.0%
Kone, Cl B	274		19,691
Wartsila Abp	400		16,216
			35,907

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Finland — continued
Utilities — 0.1%
Fortum	2,385	$	56,340
Total Finland			243,391

France — 1.7%
Financials — 0.6%
AXA	5,208		237,481
BNP Paribas	2,998		324,182
Societe Generale	1,776		155,631
			717,294
Industrials — 1.1%
Airbus	1,081		247,496
Alstom *	991		31,641
Cie de Saint-Gobain	2,311		228,109
Dassault Aviation	61		23,191
Legrand	997		159,180
Nexans	324		51,034
Rexel	483		20,240
Safran	627		224,022
Schneider Electric	684		196,105
Thales	286		87,552
Vinci	1,140		163,915
			1,432,485
Information Technology — 0.0%
Capgemini	230		35,737
STMicroelectronics	452		12,764
			48,501
Total France			2,198,280

Germany — 3.5%
Communication Services — 0.3%
CTS Eventim & KGaA	498		41,852
Deutsche Telekom	4,828		162,020
Freenet	1,277		46,112
Scout24	900		89,605
United Internet	823		26,775
			366,364
Consumer Discretionary — 0.0%
Zalando *	2,018		58,029

Consumer Staples — 0.0%
Redcare Pharmacy *	395		29,189

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Germany — continued
Financials — 0.9%
Allianz	1,063	$	468,064
Commerzbank	2,718		111,723
Deutsche Bank	5,192		204,883
Deutsche Boerse	631		159,785
Muenchener Rueckversicherungs-Gesellschaft in Muenchen	380		230,310
			1,174,765
Health Care — 0.0%
Carl Zeiss Meditec	519		17,225

Industrials — 1.2%
Brenntag	826		50,254
Daimler Truck Holding	1,297		62,800
Deutsche Lufthansa	12,724		131,076
Deutsche Post	3,750		209,732
Fraport Frankfurt Airport Services Worldwide *	807		74,668
GEA Group	347		24,812
Hensoldt	824		81,859
KION Group	169		11,937
Knorr-Bremse	148		17,232
MTU Aero Engines	178		79,135
Rational	27		21,636
RENK Group	264		16,997
Rheinmetall	206		436,484
Siemens	836		252,749
Siemens Energy *	926		157,772
			1,629,143
Information Technology — 0.3%
Bechtle	1,055		54,683
Infineon Technologies	637		31,138
SAP	1,665		332,616
			418,437
Materials — 0.2%
BASF	914		49,552
Heidelberg Materials	189		51,762
thyssenkrupp	7,429		99,034
			200,348
Real Estate — 0.3%
Aroundtown *	8,648		27,481
LEG Immobilien	1,599		115,621

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Germany — continued
Real Estate — continued
TAG Immobilien	2,917	$	49,488
Vonovia	5,434		159,104
			351,694
Utilities — 0.3%
E.ON	10,182		215,960
RWE	3,166		201,054
			417,014
Total Germany			4,662,208

Greece — 0.1%
Financials — 0.1%
Piraeus Bank	19,032		191,983

Hong Kong — 2.7%
Communication Services — 1.4%
Baidu, Cl A *	13,750		263,554
Bilibili, Cl Z *	1,780		60,983
China Literature *	4,800		21,970
Kingsoft	5,800		22,252
Kuaishou Technology, Cl B	17,600		179,821
NetEase	13,400		347,463
NetEase Cloud Music *	1,000		23,075
Tencent Holdings	11,135		855,856
Weibo, Cl A	1,100		11,746
			1,786,720
Consumer Discretionary — 0.7%
Geely Automobile Holdings	39,497		81,304
JD.com, Cl A	12,300		175,406
Meituan, Cl B *	25,600		316,480
Tongcheng Travel Holdings	10,400		30,935
Trip.com Group	4,218		258,882
			863,007
Consumer Staples — 0.1%
Alibaba Health Information Technology *	72,000		59,716
JD Health International *	13,900		111,834
			171,550
Financials — 0.3%
China Construction Bank, Cl H	189,532		191,376
China Everbright Bank, Cl H	69,000		28,760
Guotai Haitong Securities, Cl H	5,000		10,642

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Hong Kong — continued
Financials — continued
Ping An Insurance Group of China, Cl H	15,263	$	141,570
ZhongAn Online P&C Insurance, Cl H *	7,400		15,774
			388,122
Industrials — 0.0%
China Railway Group, Cl H	21,000		12,119

Information Technology — 0.1%
China Railway Signal & Communication, Cl H	53,000		24,839
Lenovo Group	52,980		59,693
Xiaomi, Cl B *	20,844		94,352
			178,884
Materials — 0.0%
China Hongqiao Group	2,000		9,147

Real Estate — 0.1%
KE Holdings, Cl A	15,900		101,078
Total Hong Kong			3,510,627

Hungary — 0.2%
Financials — 0.1%
OTP Bank Nyrt	1,457		183,337

Health Care — 0.1%
Richter Gedeon Nyrt	3,216		107,598
Total Hungary			290,935

India — 2.4%
Consumer Discretionary — 0.2%
Indian Hotels, Cl A	15,152		111,153
Mahindra & Mahindra	3,036		113,363
			224,516
Consumer Staples — 0.1%
Chaman Lal Setia Exports	2,800		7,411
Dodla Dairy	2,270		29,244
Emami	13,100		68,963
Hindustan Unilever	1,873		48,356
Honasa Consumer *	6,582		19,803
Kwality Walls India *	1,873		778
			174,555
Energy — 0.1%
Reliance Industries	6,093		92,583

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
India — continued
Financials — 1.2%
Angel One	2,508	$	69,317
Bajaj Finance	6,900		69,810
Bank of Baroda	108,448		353,413
Bank of India	76,700		137,031
General Insurance Corp of India	7,000		28,806
HDFC Bank	27,842		281,518
ICICI Bank	11,294		166,503
ICICI Bank ADR	3,500		102,515
Indian Bank	22,900		227,219
Indian Energy Exchange	8,000		11,039
Punjab National Bank	46,400		63,256
Union Bank of India	68,500		134,826
			1,645,253
Health Care — 0.1%
Caplin Point Laboratories	1,700		32,850
Gland Pharma	2,450		49,230
Granules India	1,800		11,185
Orchid Pharma *	550		4,187
Sun Pharmaceutical Industries	1,650		28,633
Zydus Lifesciences	4,000		38,534
			164,619
Industrials — 0.3%
AIA Engineering	1,016		44,102
Bharat Electronics	12,300		60,091
CMS Info Systems	13,900		47,681
eClerx Services	400		20,250
Elecon Engineering	5,200		23,097
InterGlobe Aviation	200		9,995
KSB	2,800		21,475
Polycab India	1,100		84,085
Shakti Pumps India	5,000		33,963
Transformers & Rectifiers India	6,500		16,701
Transport Corp of India	2,700		31,235
Updater Services *	5,223		8,666
			401,341
Information Technology — 0.3%
Infosys ADR	6,000		105,480
PG Electroplast	6,800		40,622
Tata Consultancy Services	1,900		64,615

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
India — continued
Information Technology — continued
WAAREE Energies	3,900	$	118,367
			329,084
Materials — 0.1%
Dhanuka Agritech	2,000		24,348
GHCL	2,000		11,561
Shree Cement	150		44,065
			79,974
Utilities — 0.0%
NHPC	31,500		26,822
Total India			3,138,747

Ireland — 0.1%
Consumer Staples — 0.1%
Kerry Group, Cl A	2,082		185,074

Italy — 0.7%
Financials — 0.5%
Generali	2,348		95,776
Intesa Sanpaolo	40,277		285,138
UniCredit	3,867		336,995
			717,909
Industrials — 0.2%
Iveco Group	1,047		23,420
Leonardo	1,206		80,593
Prysmian	803		95,110
			199,123
Materials — 0.0%
Buzzi	233		13,263
Total Italy			930,295

Japan — 6.4%
Communication Services — 0.4%
NTT	294,100		295,535
SKY Perfect JSAT Holdings	11,500		166,231
			461,766
Consumer Discretionary — 1.0%
GS Yuasa	6,500		151,310
Pan Pacific International Holdings	24,200		143,277
Saizeriya	1,900		76,857
Sony Group	14,500		319,695

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Japan — continued
Consumer Discretionary — continued
Suzuki Motor	8,200	$	111,807
Toyota Motor	18,900		428,378
Treasure Factory	4,000		44,038
Yonex	2,200		46,382
			1,321,744
Consumer Staples — 0.5%
Ajinomoto	7,200		164,714
FUJI OIL CO	4,900		128,270
Kobe Bussan	3,600		87,982
Morinaga Milk Industry	4,600		118,790
Rohto Pharmaceutical	3,400		56,290
Toyo Suisan Kaisha	1,700		121,374
			677,420
Financials — 0.8%
Dai-ichi Life Holdings	19,000		167,089
M&A Capital Partners	2,800		57,032
Mitsubishi UFJ Financial Group	22,000		398,428
Sumitomo Mitsui Financial Group	8,500		299,119
Yokohama Financial Group	20,000		182,155
			1,103,823
Health Care — 0.4%
Chugai Pharmaceutical	6,045		345,295
Hoya	200		33,551
JCR Pharmaceuticals	6,400		26,699
JMDC	1,600		35,154
Sawai Group Holdings	4,900		75,160
			515,859
Industrials — 1.4%
Fuji Electric	2,400		170,958
Fujikura	700		87,981
Hitachi	16,365		567,868
Insource	6,400		30,021
ITOCHU	29,500		377,676
Kanematsu	7,100		93,256
MINEBEA MITSUMI	7,200		147,146
Mitsubishi Heavy Industries	1,700		50,055
Raito Kogyo	2,500		56,531
Takasago Thermal Engineering	7,000		202,375
			1,783,867

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Japan — continued
Information Technology — 1.3%
Advantest	1,300	$	215,003
FUJIFILM Holdings	6,800		135,832
Fujitsu	1,000		27,786
Ibiden	1,000		52,715
Keyence	1,043		382,635
Kioxia Holdings *	300		41,036
Maruwa	200		61,492
Meiko Electronics	2,200		180,423
Micronics Japan	2,600		150,328
NEC	7,600		257,637
Nomura Research Institute	3,200		97,345
Obic	1,100		30,573
Oracle Japan	400		27,066
Tokyo Electron	200		53,292
			1,713,163
Materials — 0.4%
Mitsubishi Gas Chemical	6,800		134,896
Oji Holdings	18,900		111,954
Osaka Soda	9,400		136,615
Shin-Etsu Chemical	6,300		207,173
			590,638
Real Estate — 0.2%
Mitsui Fudosan	18,300		209,844
Total Japan			8,378,124

Mexico — 0.3%
Consumer Staples — 0.1%
Arca Continental	13,172		148,370

Financials — 0.1%
Gentera	43,857		121,889

Materials — 0.1%
Cemex	55,200		68,605
Total Mexico			338,864

Netherlands — 0.7%
Financials — 0.3%
Adyen *	75		111,214
ING Groep	8,053		237,491
			348,705

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Netherlands — continued
Health Care — 0.1%
Argenx ADR *	125	$	105,063

Industrials — 0.0%
Wolters Kluwer	258		24,227

Information Technology — 0.3%
ASM International	264		221,717
ASML Holding	168		240,897
BE Semiconductor Industries	41		7,980
			470,594
Total Netherlands			948,589

Norway — 0.0%
Industrials — 0.0%
Kongsberg Gruppen	1,659		56,988

Portugal — 0.1%
Energy — 0.1%
Galp Energia SGPS	4,681		93,141

South Africa — 0.2%
Financials — 0.1%
FirstRand	32,893		187,617

Materials — 0.1%
Gold Fields	2,206		109,097
Total South Africa			296,714

South Korea — 1.4%
Financials — 0.1%
Woori Financial Group	6,904		144,424

Industrials — 0.2%
Doosan Enerbility *	959		59,867
HD Hyundai Electric	165		101,086
KEPCO Engineering & Construction	603		54,751
			215,704
Information Technology — 1.1%
Samsung Electro-Mechanics	206		39,618
Samsung Electronics	5,423		599,105

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
South Korea — continued

Information Technology — continued
SK hynix	1,318	$	822,929
			1,461,652
Total South Korea			1,821,780

Spain — 0.8%
Financials — 0.7%
Banco Bilbao Vizcaya Argentaria	13,808		350,499
Banco Santander	35,414		452,170
CaixaBank	9,461		124,887
			927,556
Industrials — 0.1%
ACS Actividades de Construccion y Servicios	131		14,698
Aena SME	738		22,921
Ferrovial	382		25,802
			63,421
Utilities — 0.0%
Endesa	1,383		51,053
Total Spain			1,042,030

Sweden — 0.4%
Financials — 0.2%
Investor, Cl B	4,374		168,660
Skandinaviska Enskilda Banken, Cl A	4,163		89,481
			258,141
Industrials — 0.2%
Assa Abloy, Cl B	803		32,468
Atlas Copco, Cl A	2,190		45,163
Atlas Copco, Cl B	1,258		22,629
Epiroc, Cl A	571		16,007
Saab, Cl B	974		75,994
Sandvik	759		29,970
Trelleborg, Cl B	356		14,406
Volvo, Cl B	1,496		54,361
			290,998
Total Sweden			549,139

Switzerland — 1.3%
Financials — 0.8%
Partners Group Holding	73		99,539
Swiss Life Holding	79		86,627
Swiss Re	948		151,475

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
Switzerland — continued
Financials — continued
UBS Group	8,207	$	388,318
Zurich Insurance Group	407		289,549
			1,015,508
Health Care — 0.1%
Lonza Group	214		145,402

Industrials — 0.4%
ABB	5,105		439,531
Geberit	70		53,451
Schindler Holding	38		14,662
SGS	127		15,286
VAT Group	15		9,700
			532,630
Total Switzerland			1,693,540

Taiwan — 1.7%
Information Technology — 1.7%
Accton Technology	1,000		34,963
Asustek Computer	2,588		40,657
Hon Hai Precision Industry	30,152		208,423
MediaTek	3,679		204,076
Taiwan Semiconductor Manufacturing ADR	974		321,966
Taiwan Semiconductor Manufacturing	22,552		1,247,034
Wiwynn	1,495		167,578
			2,224,697
Total Taiwan			2,224,697

United Kingdom — 3.7%
Consumer Discretionary — 0.0%
Coats Group	28,405		33,056

Energy — 0.0%
Yellow Cake *	6,148		57,395

Financials — 1.5%
3i Group	3,522		161,797
Barclays	33,543		223,867
HSBC Holdings	42,286		745,961
Lloyds Banking Group	150,436		224,631
London Stock Exchange Group	1,456		162,405
NatWest Group	20,106		183,261
Prudential	6,629		108,882

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United Kingdom — continued
Financials — continued
Standard Chartered	4,623	$	118,286
			1,929,090
Industrials — 1.0%
Ashtead Group	425		27,361
BAE Systems	9,491		257,651
Experian	953		36,095
Melrose Industries	3,817		32,818
RELX	1,891		67,040
RELX ADR	2,589		92,686
Rolls-Royce Holdings	14,931		249,600
Spirax Group	1,485		147,971
Weir Group	8,744		386,210
			1,297,432
Information Technology — 0.1%
ARM Holdings ADR *	506		53,312
Sage Group	2,551		33,452
			86,764
Real Estate — 1.1%
British Land ‡	40,021		228,276
Grainger	24,900		66,277
Hammerson ‡	16,933		82,221
Land Securities Group ‡	24,160		215,638
LondonMetric Property ‡	62,178		170,683
Safestore Holdings ‡	7,545		85,744
Savills	5,930		87,472
Segro ‡	18,481		192,545
Shaftesbury Capital ‡	39,712		78,124
Supermarket Income Reit ‡	48,681		55,735
Tritax Big Box ‡	49,033		111,301
UNITE Group ‡	11,286		87,775
			1,461,791
Total United Kingdom			4,865,528

United States — 46.6%
Communication Services — 3.7%
Alphabet, Cl A	9,737		3,291,106
AT&T	748		19,605
Electronic Arts	121		24,674
Madison Square Garden Sports *	57		16,162
Match Group	388		12,086

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Communication Services — continued
Meta Platforms, Cl A	1,921	$	1,376,397
Omnicom Group	500		38,520
Pinterest, Cl A *	1,149		25,427
Spotify Technology *	44		22,016
			4,825,993
Consumer Discretionary — 2.8%
Airbnb, Cl A *	543		70,248
Amazon.com *	7,899		1,890,231
Aptiv *	276		20,907
Aramark	4,177		160,773
Booking Holdings	10		50,018
Darden Restaurants	82		16,347
Deckers Outdoor *	250		29,835
DoorDash, Cl A *	140		28,647
eBay	235		21,437
Etsy *	288		15,252
Expedia Group	260		68,858
General Motors	720		60,480
Grand Canyon Education *	86		14,950
H&R Block	275		10,849
Hilton Worldwide Holdings	71		21,194
Home Depot	240		89,901
Lowe's	911		243,292
Lululemon Athletica *	235		41,007
Marriott International, Cl A	80		25,224
McDonald's	166		52,290
NIKE, Cl B	392		24,230
NVR *	2		15,271
O'Reilly Automotive *	265		26,079
PulteGroup	185		23,142
Ralph Lauren, Cl A	48		16,964
Ross Stores	130		24,524
Starbucks	314		28,872
Tesla *	1,242		534,569
TJX	287		42,995
Toll Brothers	235		33,955
Williams-Sonoma	87		17,805
Yum! Brands	105		16,328
			3,736,474

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Consumer Staples — 0.3%
Altria Group	446	$	27,648
Church & Dwight	147		14,149
Colgate-Palmolive	265		23,927
Costco Wholesale	99		93,085
Kimberly-Clark	186		18,598
Monster Beverage *	289		23,339
Philip Morris International	158		28,351
Procter & Gamble	513		77,858
Walmart	662		78,871
			385,826
Energy — 0.3%
Centrus Energy, Cl A *	262		72,909
Chevron	307		54,308
ConocoPhillips	254		26,475
EOG Resources	177		19,847
Exxon Mobil	839		118,635
Uranium Energy *	6,735		116,111
			408,285
Financials — 9.3%
Aflac	203		22,523
Allstate	74		14,725
Ameriprise Financial	43		22,669
Aon, Cl A	66		23,076
Apollo Global Management	1,292		173,826
Arch Capital Group *	172		16,519
Ares Management, Cl A	715		107,014
Arthur J Gallagher	88		21,945
Bank of America	38,520		2,049,264
Berkshire Hathaway, Cl B *	232		111,483
Blackrock	40		44,758
Blackstone	2,685		382,398
Blue Owl Capital, Cl A	3,251		44,344
Brookfield	5,588		254,533
Brown & Brown	153		11,031
Carlyle Group	782		45,966
Cboe Global Markets	60		15,904
Chubb	94		29,099
Citigroup	8,106		937,945
CME Group, Cl A	719		207,834

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Financials — continued
Fidelity National Information Services	3,059	$	169,010
FS KKR Capital	664		9,157
Goldman Sachs Group	1,402		1,311,445
Hartford Insurance Group	105		14,181
Intercontinental Exchange	137		23,808
JPMorgan Chase	8,494		2,598,230
KKR	1,955		223,378
Main Street Capital	193		12,313
Marsh & McLennan	155		29,169
Mastercard, Cl A	181		97,521
Moody's	55		28,356
Morgan Stanley	7,048		1,288,374
NU Holdings, Cl A *	7,780		138,095
Progressive	116		24,128
S&P Global	67		35,362
State Street	1,765		230,968
TPG, Cl A	818		48,188
Travelers	85		24,183
Visa, Cl A	382		122,939
Wells Fargo	14,043		1,270,751
			12,236,412
Health Care — 1.2%
Abbott Laboratories	162		17,707
AbbVie	374		83,406
Agilent Technologies	122		16,330
Alcon	1,968		159,369
Alnylam Pharmaceuticals *	327		110,546
Amgen	36		12,307
Bristol-Myers Squibb	557		30,663
Cardinal Health	953		204,781
Cigna Group	212		58,111
Elevance Health	124		42,872
Gilead Sciences	319		45,282
Hologic *	165		12,363
IDEXX Laboratories *	31		20,784
Incyte *	334		33,423
Jazz Pharmaceuticals *	67		11,021
Johnson & Johnson	491		111,580
Medpace Holdings *	30		17,474
Merck	1,288		142,028

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Health Care — continued
Mettler-Toledo International *	13	$	17,852
Regeneron Pharmaceuticals	25		18,536
ResMed	72		18,598
Royalty Pharma, Cl A	1,597		66,563
Tenet Healthcare *	154		29,149
Thermo Fisher Scientific	257		148,703
United Therapeutics *	37		17,371
Veeva Systems, Cl A *	265		54,039
Zoetis, Cl A	193		24,090
			1,524,948
Industrials — 5.6%
Acuity	45		13,916
AerCap Holdings	136		19,538
AMETEK	681		152,530
Automatic Data Processing	855		211,031
Booz Allen Hamilton Holding, Cl A	291		25,730
Broadridge Financial Solutions	912		179,764
BWX Technologies	315		64,710
Carlisle	41		13,976
Carrier Global	2,672		159,198
Caterpillar	507		333,281
CH Robinson Worldwide	675		131,591
Cintas	123		23,541
Clean Harbors *	67		17,414
Comfort Systems USA	132		150,757
Copart *	382		15,502
CSX	4,410		166,522
Cummins	302		174,804
Delta Air Lines	553		36,437
Eaton	1,342		471,606
EMCOR Group	145		104,506
Emerson Electric	1,154		169,592
Expeditors International of Washington	88		14,128
Fastenal	3,470		150,459
GE Vernova	197		143,095
Honeywell International	2,012		457,770
Hubbell, Cl B	422		205,911
Illinois Tool Works	102		26,649
Ingersoll Rand	1,608		138,433
Lincoln Electric Holdings	64		16,982

THE ADVISORS’ INNER CIRCLE FUND III

PINEBRIDGE DYNAMIC

ASSET ALLOCATION FUND

JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Industrials — continued
Lockheed Martin	59	$	37,419
MasTec *	610		146,693
NANO Nuclear Energy *	1,360		39,977
Norfolk Southern	541		157,561
NuScale Power *	1,224		21,396
nVent Electric	857		96,207
PACCAR	1,327		163,102
Parker-Hannifin	209		195,591
Paychex	1,434		147,888
Quanta Services	634		300,915
Republic Services, Cl A	90		19,358
Rockwell Automation	432		182,153
Rollins	268		16,975
RTX	1,530		307,423
Snap-on	95		34,780
SPX Technologies *	574		119,627
Textron	240		21,134
Trane Technologies	446		187,579
Union Pacific	2,282		536,498
United Rentals	168		131,386
Verisk Analytics, Cl A	70		15,222
Vertiv Holdings, Cl A	672		125,113
Waste Management	921		204,683
WESCO International	327		94,644
Westinghouse Air Brake Technologies	620		142,687
WW Grainger	165		178,190
			7,413,574
Information Technology — 19.0%
Accenture, Cl A	1,107		291,850
Adobe *	666		195,305
Advanced Micro Devices *	1,389		328,818
Akamai Technologies *	1,487		144,462
Amdocs	184		15,077
Amphenol, Cl A	2,684		386,711
Analog Devices	361		112,228
Apple	10,897		2,827,553
Applied Materials	571		184,045
AppLovin, Cl A *	244		115,439
Arista Networks *	1,600		226,784
Astera Labs *	85		12,803

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
ASSET ALLOCATION FUND
JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Information Technology — continued
Atlassian, Cl A *	463‌	$	54,717‌
Autodesk *	383‌		96,849‌
Bentley Systems, Cl B	337‌		11,835‌
Broadcom	5,111‌		1,693,274‌
Cadence Design Systems *	459‌		136,029‌
CCC Intelligent Solutions Holdings *	14,609‌		110,736‌
Check Point Software Technologies *	1,053‌		189,024‌
Ciena *	131‌		32,987‌
Cirrus Logic *	136‌		17,726‌
Cisco Systems	1,604‌		125,625‌
Cloudflare, Cl A *	3,757‌		666,304‌
Cognex	2,991‌		115,871‌
Cognizant Technology Solutions, Cl A	270‌		22,156‌
CoreWeave, Cl A *	271‌		25,255‌
Credo Technology Group Holding *	86‌		10,774‌
Crowdstrike Holdings, Cl A *	2,480‌		1,094,684‌
CyberArk Software *	478‌		205,937‌
Datadog, Cl A *	4,718‌		610,132‌
Dell Technologies, Cl C	393‌		44,975‌
DocuSign, Cl A *	1,005‌		52,803‌
Dropbox, Cl A *	415‌		10,574‌
Dynatrace *	3,106‌		118,308‌
Elastic *	476‌		31,383‌
F5 *	123‌		33,900‌
Fabrinet *	19‌		9,299‌
Fortinet *	7,281‌		591,654‌
Gartner *	186‌		38,987‌
Gen Digital	6,263‌		150,249‌
GLOBALFOUNDRIES *	247‌		10,423‌
GoDaddy, Cl A *	629‌		63,227‌
HubSpot *	149‌		41,720‌
International Business Machines	431‌		132,188‌
Intuit	394‌		196,574‌
Jabil	88‌		20,873‌
Keysight Technologies *	746‌		161,382‌
KLA	99‌		141,366‌
Lam Research	985‌		229,958‌
Lattice Semiconductor *	242‌		19,486‌
Manhattan Associates *	259‌		39,112‌
Marvell Technology	1,265‌		99,834‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
ASSET ALLOCATION FUND
JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Information Technology — continued
Microchip Technology	278‌	$	21,106‌
Micron Technology	512‌		212,419‌
Microsoft	7,096‌		3,053,338‌
MKS	42‌		9,887‌
MongoDB, Cl A *	132‌		49,016‌
Monolithic Power Systems	29‌		32,600‌
Motorola Solutions	543‌		218,579‌
NetApp	408‌		39,311‌
Nutanix, Cl A *	912‌		35,869‌
NVIDIA	24,276‌		4,639,872‌
Okta, Cl A *	2,086‌		176,225‌
ON Semiconductor *	598‌		35,814‌
Palantir Technologies, Cl A *	1,753‌		256,972‌
Palo Alto Networks *	6,741‌		1,192,955‌
Pegasystems	850‌		37,137‌
PTC *	92‌		14,364‌
Pure Storage, Cl A *	864‌		60,083‌
Qorvo *	172‌		13,435‌
QUALCOMM	1,212‌		183,727‌
RingCentral, Cl A *	470‌		12,164‌
Roper Technologies	525‌		194,896‌
Rubrik, Cl A *	549‌		30,717‌
SailPoint *	5,437‌		85,307‌
Salesforce	1,339‌		284,256‌
Samsara, Cl A *	278‌		7,798‌
Seagate Technology Holdings	326‌		132,907‌
SentinelOne, Cl A *	3,244‌		45,351‌
ServiceNow *	1,697‌		198,566‌
Skyworks Solutions	250‌		13,940‌
Snowflake, Cl A *	472‌		90,954‌
Synopsys *	685‌		318,604‌
TD SYNNEX	190‌		30,147‌
Teradyne	149‌		35,916‌
Texas Instruments	588‌		126,743‌
Twilio, Cl A *	672‌		80,949‌
Tyler Technologies *	31‌		11,451‌
VeriSign	55‌		13,433‌
Western Digital	653‌		163,400‌
Workday, Cl A *	399‌		70,076‌
Zoom Communications, Cl A *	1,373‌		126,453‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
ASSET ALLOCATION FUND
JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Information Technology — continued
Zscaler *	1,676‌	$	335,217‌
			24,991,219‌
Materials — 1.1%
Amcor	499‌		22,072‌
Commercial Metals	1,572‌		120,840‌
CRH	1,333‌		163,173‌
Freeport-McMoRan	3,008‌		181,172‌
Linde	718‌		328,104‌
Martin Marietta Materials	213‌		138,865‌
Newmont	462‌		51,906‌
Nucor	817‌		145,197‌
Southern Copper	126‌		23,980‌
Steel Dynamics	749‌		134,498‌
Vulcan Materials	461‌		138,549‌
			1,448,356‌
Real Estate — 2.0%
American Tower ‡	2,245‌		402,484‌
Crown Castle ‡	2,051‌		178,047‌
Digital Realty Trust ‡	1,672‌		277,468‌
EastGroup Properties ‡	658‌		119,519‌
Equinix ‡	474‌		389,121‌
Host Hotels & Resorts ‡	709‌		13,138‌
Iron Mountain ‡	1,584‌		145,934‌
Lamar Advertising, Cl A ‡	94‌		12,061‌
Prologis ‡	5,955‌		777,485‌
Public Storage ‡	65‌		17,952‌
Rexford Industrial Realty ‡	1,107‌		44,867‌
SBA Communications, Cl A ‡	493‌		90,766‌
Simon Property Group ‡	96‌		18,366‌
STAG Industrial ‡	3,136‌		117,631‌
			2,604,839‌
Utilities — 1.3%
Alliant Energy	241‌		15,884‌
Ameren	1,552‌		160,291‌
American Electric Power	508‌		60,846‌
American Water Works	186‌		24,018‌
Atmos Energy	146‌		24,286‌
CenterPoint Energy	612‌		24,290‌
CMS Energy	283‌		20,232‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

COMMON STOCK — continued

	Shares		Value
United States — continued
Utilities — continued
Consolidated Edison	458‌	$	48,837‌
Constellation Energy	955‌		268,049‌
Dominion Energy	796‌		47,895‌
DTE Energy	195‌		26,204‌
Duke Energy	729‌		88,464‌
Edison International	365‌		22,732‌
Entergy	419‌		40,178‌
Essential Utilities	267‌		10,357‌
Evergy	217‌		16,650‌
Eversource Energy	354‌		24,472‌
Exelon	969‌		43,392‌
FirstEnergy	517‌		24,475‌
National Fuel Gas	151‌		12,646‌
NextEra Energy	1,930‌		169,647‌
NiSource	440‌		19,488‌
NRG Energy	521‌		79,520‌
Oklo, Cl A *	853‌		67,916‌
PG&E	2,075‌		31,996‌
PPL	691‌		25,049‌
Public Service Enterprise Group	993‌		81,783‌
Sempra	611‌		53,163‌
Southern	1,047‌		93,508‌
UGI	351‌		14,079‌
Vistra	327‌		51,780‌
WEC Energy Group	474‌		52,458‌
Xcel Energy	544‌		41,377‌
			1,785,962‌
Total United States			61,361,888‌
TOTAL COMMON STOCK
(Cost $75,370,975)			102,934,242‌

CORPORATE OBLIGATIONS — 7.1%

	Face Amount(1)
Australia — 0.2%
NCIG Holdings Pty
12.500%, 08/26/2031(A)	$	200,000‌	214,717‌

China — 0.5%
Fortune Star BVI
8.500%, 05/19/2028		275,000‌	284,186‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

CORPORATE OBLIGATIONS — continued

	Face Amount(1)		Value
China — continued
GLP China Holdings MTN
2.950%, 03/29/2026	$	200,000‌	$	197,522‌
Longfor Group Holdings
3.375%, 04/13/2027		200,000‌		190,725‌
				672,433‌
Hong Kong — 0.7%
Champion MTN
2.950%, 06/15/2030		200,000‌		176,438‌
CS Treasury Management Services P
9.000%, (B) (C)		220,000‌		224,850‌
Elect Global Investments
4.850%, (C)		400,000‌		311,961‌
NWD MTN
8.625%, 02/08/2028		200,000‌		194,986‌
				908,235‌
India — 1.1%
Clean Renewable Power Mauritius Pte
4.250%, 03/25/2027		154,000‌		151,186‌
Greenko Power II
4.300%, 12/13/2028		228,000‌		218,410‌
India Cleantech Energy
4.700%, 08/10/2026		189,750‌		188,526‌
Muthoot Finance MTN
6.375%, 03/02/2030(B)		200,000‌		205,157‌
ReNew Wind Energy AP2
4.500%, 07/14/2028		300,000‌		289,831‌
SAEL
7.800%, 07/31/2031(B)		188,480‌		194,618‌
Vedanta Resources Finance II
10.875%, 09/17/2029		200,000‌		214,252‌
				1,461,980‌
Japan — 0.6%
Nomura Holdings
7.000%, H15T5Y + 3.084%, (C),(D)		200,000‌		207,783‌
Rakuten Group
5.125%, H15T5Y + 4.578%, (C),(D)		350,000‌		348,868‌
SoftBank Group
8.250%, H15T5Y + 4.545%, 10/29/2065(D)		320,000‌		298,272‌
				854,923‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

CORPORATE OBLIGATIONS — continued

	Face Amount(1)		Value
Macau — 0.3%
Champion Path Holdings
4.850%, 01/27/2028	$	200,000‌	$	—‌
Studio City Finance
6.500%, 01/15/2028		230,000‌		230,066‌
Wynn Macau
6.750%, 02/15/2034		200,000‌		202,724‌
				432,790‌
Mongolia — 0.3%
Development Bank of Mongolia
8.500%, 07/03/2028		200,000‌		207,728‌
Mongolian Mining
8.440%, 04/03/2030		200,000‌		206,081‌
				413,809‌
Nigeria — 0.1%
IHS Netherlands Holdco
8.000%, 09/18/2027		137,495‌		137,451‌

Singapore — 0.3%
GLP Pte
9.750%, 05/20/2028		200,000‌		204,892‌
GLP Pte
4.600%, H15T5Y + 3.725%, (C),(D)		200,000‌		140,019‌
				344,911‌
Thailand — 0.3%
GC Treasury Center
7.125%, H15T5Y + 3.162%, (B) (C),(D)		350,000‌		359,138‌

United Kingdom — 0.2%
Standard Chartered
7.000%, H15T5Y + 2.873%, (B) (C),(D)		200,000‌		205,878‌

United States — 2.5%
GS Finance
3.764%, SOFRRATE + 0.000%, 01/19/2027(B),(D)		3,360,000‌		3,350,923‌

TOTAL CORPORATE OBLIGATIONS
(Cost $9,450,232)				9,357,188‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

EXCHANGE-TRADED FUNDS — 1.3%

	Shares		Value
United States — 1.3%
Domestic Commodity — 1.2%
Invesco DB Precious Metals Fund		14,165‌	$	1,642,432‌

International Equity — 0.1%
iShares MSCI Saudi Arabia ETF		3,165‌		126,157‌

TOTAL EXCHANGE-TRADED FUNDS
(Cost $1,132,984)				1,768,589‌

SOVEREIGN DEBT — 0.5%

		Face Amount(1)
Mongolia — 0.2%
City of Ulaanbaatar Mongolia
7.750%, 08/21/2027	$	200,000‌	205,454‌

Pakistan — 0.2%
Pakistan Government International Bond
6.000%, 04/08/2026		200,000‌	199,802‌

Sri Lanka — 0.1%
Sri Lanka Government International Bond
3.600%, 02/15/2038(A),(B)		200,000‌	197,999‌

TOTAL SOVEREIGN DEBT
(Cost $564,610)			603,255‌

PREFERRED STOCK — 0.0%

	Shares
Germany — 0.0%
Jungheinrich **		438‌	18,849‌

TOTAL PREFERRED STOCK
(Cost $17,774)			18,849‌

U.S. TREASURY OBLIGATIONS — 5.4%

	Face Amount(1)
U.S. Treasury Bills
3.814%, 02/19/2026(E)		3,172,000‌	3,166,606‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

U.S. TREASURY OBLIGATIONS — continued

	Face Amount(1)		Value
3.554%, 04/09/2026(E)	$	4,000,000‌	$	3,973,710‌

TOTAL U.S. TREASURY OBLIGATIONS
(Cost $7,139,786)				7,140,316‌

TOTAL INVESTMENTS — 92.5%
(Cost $93,676,361)			$	121,822,439‌

Percentages are based on Net Assets of $131,642,889.

Non-income producing security.

There is currently no rate available.

‡

Real Estate Investment Trust.

(1)

In U.S. dollars unless otherwise indicated.

(A)

Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on January 31, 2026. The coupon on a step bond changes on a specified date.

(B)

Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors”. The total value of such securities as of January 31, 2026 was $4,738,563 and represents 3.60% of Net Assets.

(C)

Perpetual security with no stated maturity date.

(D)

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.

(E)

Interest rate represents the security’s effective yield at the time of purchase.

ADR — American Depositary Receipt

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

Cl — Class

CHF — Swiss Franc

COP — Colombian Peso

CNH — Chinese Yuan Offshore

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

EUR — Euro

FTSE— Financial Times Stock Exchange

GBP — British Pound Sterling

H15T5Y — Harmonized Index of Consumer Prices 5 Year

HKD — Hong Kong Dollar

HUF — Hungarian Forint

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

INR — Indian Rupee

JPY — Japanese Yen

MTN — Medium Term Note

MXN — Mexican Peso

Pty — Proprietary

S&P— Standard & Poor's

SOFR — Secured Overnight Financing Rate

TOPIX — Tokyo Price Index

USD — U.S. Dollar

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

A list of the outstanding forward foreign currency contracts held by the Fund at January 31, 2026, is as follows:

Unrealized

Settlement

Currency to

Appreciation/

Counterparty

Date

Deliver

Currency to Receive

(Depreciation)

Morgan Stanley

03/18/26

USD

4,354,921

JPY

669,960,000

(9,340

)

Morgan Stanley

03/18/26

HUF

789,728,000

USD

2,459,803

13,376‌

Morgan Stanley

03/18/26

JPY

142,466,000

USD

927,810

3,728‌

Morgan Stanley

03/18/26

USD

10,781,032

EUR

9,145,000

82,876‌

Morgan Stanley

03/18/26

GBP

510,000

USD

686,302

(11,514

)

Morgan Stanley

03/18/26

USD

1,921,083

HKD

14,955,000

(3,776

)

Morgan Stanley

03/18/26

EUR

1,600,000

USD

1,870,464

(30,274

)

Morgan Stanley

03/18/26

JPY

70,942,000

USD

456,176

(3,977

)

Morgan Stanley

03/18/26

USD

2,000,630

GBP

1,494,000

43,561‌

Morgan Stanley

03/18/26

USD

2,607,726

CAD

3,579,000

25,673‌

Morgan Stanley

03/18/26

USD

1,845,178

CHF

1,454,000

45,119‌

Morgan Stanley

03/18/26

USD

1,036,354

AUD

1,553,000

44,948‌

Morgan Stanley

03/18/26

USD

2,383,215

HUF

789,728,000

63,212‌

Morgan Stanley

03/18/26

USD

2,361,820

MXN

43,399,000

111,041‌

Morgan Stanley

03/18/26

CNH

7,868,000

USD

1,119,371

(13,972

)

Morgan Stanley

03/18/26

HKD

29,646,000

USD

3,819,170

18,403‌

Morgan Stanley

03/18/26

USD

2,277,490

BRL

12,628,000

96,772‌

Morgan Stanley

03/18/26

USD

2,308,704

COP

9,033,729,000

112,723‌

Morgan Stanley

03/18/26

INR

214,978,000

USD

2,374,398

38,765‌

627,344‌

THE ADVISORS’ INNER CIRCLE FUND III	PINEBRIDGE DYNAMIC
	ASSET ALLOCATION FUND
	JANUARY 31, 2026 (UNAUDITED)

The open futures contracts held by the Fund at January 31, 2026, are as follows:

												Unrealized
	Number of			Expiration		Notional						Appreciation/
Type of Contract	Contracts			Date		Amount ^†			Value			(Depreciation)
Long Contracts
Euro-BOBL		32			3/6/26	$	4,343,182‌		$	4,423,171‌		$	2,310‌
Euro-BUND 10-Year Bond		25			3/6/26		3,738,063‌			3,798,170‌			(6,551	)
Long GILT 10-Year Bond		24			3/27/26		2,875,406‌			2,983,539‌			(5,762	)
U.S. 5-Year Treasury Note		17			3/31/26		1,865,034‌			1,851,805‌			(13,229	)
						$	12,821,685‌		$	13,056,685‌		$	(23,232	)
Short Contracts
FTSE China A50		(78	)		2/26/26	$	(1,161,938	)	$	(1,166,490	)	$	(4,552	)
IFSC Nifty50 Index		(17	)		2/24/26		(856,256	)		(863,736	)		(7,480	)
MSCI EAFE Index		(13	)		3/20/26		(1,871,706	)		(1,973,920	)		(102,214	)
MSCI Emerging Markets Index		(20	)		3/20/26		(1,384,348	)		(1,520,800	)		(136,452	)
S&P 500 Index E-Mini		(13	)		3/20/26		(4,528,325	)		(4,527,738	)		588‌
TOPIX Index		(26	)		3/12/26		(5,646,812	)		(6,009,434	)		(310,232	)
						$	(15,449,385	)	$	(16,062,118	)	$	(560,342	)
						$	(2,627,700	)	$	(3,005,433	)	$	(583,574	)

†	The foreign exchange rate for the contract notional amounts are based on prevailing exchange rates on the date the respective contracts were opened.

PBI-QH-001-2000