THE ADVISORS’ INNER CIRCLE FUND |
CAMBIAR AGGRESSIVE VALUE ETF |
| JANUARY 31, 2026 (UNAUDITED) |
| SCHEDULE OF INVESTMENTS | ||||||||
| COMMON STOCK — 97.9% | ||||||||
| Shares | Value | |||||||
| FRANCE — 2.2% | ||||||||
| AEROSPACE/DEFENSE EQUIPMENT — 2.2% | ||||||||
| Airbus ADR | 24,820 | $ | 1,415,981 | |||||
| TOTAL FRANCE | 1,415,981 | |||||||
| JAPAN — 7.2% | ||||||||
| ENTERTAINMENT — 3.8% | ||||||||
| Nintendo ADR | 158,650 | 2,443,210 | ||||||
| LEISURE EQUIPMENT & PRODUCTS — 3.4% | ||||||||
| Shimano ADR | 188,980 | 2,144,923 | ||||||
| TOTAL JAPAN | 4,588,133 | |||||||
| NETHERLANDS — 4.0% | ||||||||
| SEMI-CONDUCTORS & INSTRUMENTS — 4.0% | ||||||||
| NXP Semiconductors | 11,232 | 2,540,005 | ||||||
| TOTAL NETHERLANDS | 2,540,005 | |||||||
| UNITED KINGDOM — 2.9% | ||||||||
| BEVERAGES — 2.9% | ||||||||
| Diageo ADR | 20,420 | 1,894,976 | ||||||
| TOTAL UNITED KINGDOM | 1,894,976 | |||||||
| UNITED STATES — 81.6% | ||||||||
| AEROSPACE/DEFENSE EQUIPMENT — 5.0% | ||||||||
| Honeywell International | 14,092 | 3,206,212 | ||||||
| AIRLINES — 3.2% | ||||||||
| Delta Air Lines | 30,640 | 2,018,870 | ||||||
| AUTO COMPONENTS — 2.4% | ||||||||
| Aptiv * | 20,000 | 1,515,000 | ||||||
| BEVERAGES — 2.6% | ||||||||
| Constellation Brands, Cl A | 10,756 | 1,685,465 | ||||||
| BUILDING PRODUCTS — 3.8% | ||||||||
| Masco | 36,760 | 2,429,468 | ||||||
| CAPITAL MARKETS — 4.1% | ||||||||
| CME Group, Cl A | 9,156 | 2,646,633 | ||||||
| CONSTRUCTION MATERIALS — 3.7% | ||||||||
| Amrize Ltd * | 44,870 | 2,361,059 | ||||||
| CONSUMER FINANCE — 1.8% | ||||||||
| American Express | 3,183 | 1,120,957 | ||||||
| ENERGY EQUIPMENT & SERVICES — 1.9% | ||||||||
| Schlumberger | 25,660 | 1,241,431 | ||||||
| ENVIRONMENTAL SERVICES — 0.1% | ||||||||
| Versant Media Group * | 2,071 | 67,467 | ||||||
| GROUND TRANSPORTATION — 8.8% | ||||||||
| Uber Technologies * | 38,400 | 3,073,920 | ||||||
| Union Pacific | 11,000 | 2,586,100 | ||||||
| 5,660,020 | ||||||||
| HEALTH CARE EQUIPMENT & SERVICES — 7.9% | ||||||||
| Align Technology * | 14,222 | 2,318,613 | ||||||
| Medtronic | 26,363 | 2,714,334 | ||||||
| 5,032,947 | ||||||||
| HEALTH CARE PROVIDER & SERVICES — 3.5% | ||||||||
| Labcorp Holdings | 8,142 | 2,210,716 | ||||||
| HEALTH CARE PROVIDERS & SERVICES — 7.9% | ||||||||
| Centene * | 40,620 | 1,759,658 | ||||||
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THE ADVISORS’ INNER CIRCLE FUND |
CAMBIAR AGGRESSIVE VALUE ETF |
| JANUARY 31, 2026 (UNAUDITED) |
| COMMON STOCK — continued | ||||||||
| Shares | Value | |||||||
| HEALTH CARE PROVIDERS & SERVICES — continued | ||||||||
| Elevance Health | 9,550 | $ | 3,301,817 | |||||
| 5,061,475 | ||||||||
| HOTELS, RESTAURANTS & LEISURE — 3.2% | ||||||||
| Airbnb, Cl A * | 15,921 | 2,059,700 | ||||||
| HOUSEHOLD DURABLES — 2.5% | ||||||||
| Estee Lauder, Cl A | 14,000 | 1,613,920 | ||||||
| INTERACTIVE MEDIA & SERVICES — 3.3% | ||||||||
| Alphabet, Cl A | 6,228 | 2,105,064 | ||||||
| MEDIA — 2.4% | ||||||||
| Comcast, Cl A | 51,770 | 1,540,158 | ||||||
| OIL, GAS & CONSUMABLE FUELS — 5.7% | ||||||||
| Chevron | 9,200 | 1,627,480 | ||||||
| Energy Transfer | 111,000 | 2,047,950 | ||||||
| 3,675,430 | ||||||||
| PHARMACEUTICALS — 3.8% | ||||||||
| Bristol-Myers Squibb | 44,768 | 2,464,478 | ||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.0% | ||||||||
| Texas Instruments | 12,000 | 2,586,600 | ||||||
| TOTAL UNITED STATES | 52,303,070 | |||||||
| TOTAL COMMON STOCK | ||||||||
| (Cost $53,717,254) | 62,742,165 | |||||||
| TOTAL INVESTMENTS — 97.9% | ||||||||
| (Cost $53,717,254) | $ | 62,742,165 | ||||||
| Percentages are based on Net Assets of $64,119,448. | |
| * | Non-income producing security. |
ADR — American Depositary Receipt
CMB-QH-010-3700
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