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Label Element Value
Prospectus [Line Items] rr_ProspectusLineItems  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2021
Entity Registrant Name dei_EntityRegistrantName THE ADVISORS’ INNER CIRCLE FUND III
Entity Central Index Key dei_EntityCentralIndexKey 0001593547
Entity Inv Company Type dei_EntityInvCompanyType N-1A
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Jun. 07, 2022
Document Effective Date dei_DocumentEffectiveDate Jun. 07, 2022
Prospectus Date rr_ProspectusDate Apr. 12, 2022
BARROW HANLEY CREDIT OPPORTUNITIES FUND  
Prospectus [Line Items] rr_ProspectusLineItems  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

THE ADVISORS’ INNER CIRCLE FUND III

 

Barrow Hanley Credit Opportunities Fund

(the “Fund”)

 

Supplement dated June 7, 2022 to the Fund’s:

 

·Prospectus dated April 12, 2022 (the “Prospectus”); and
·Statement of Additional Information dated April 12, 2022 (the “SAI”).

 

This supplement provides new and additional information beyond that contained in the Prospectus and SAI, and should be read in conjunction with the Prospectus and SAI.

 

At the recommendation of Perpetual US Services LLC (“Perpetual”), the Fund’s investment adviser, the Board of Trustees of the Trust has approved an Amended and Restated Expense Limitation Agreement for the Fund in order to remove acquired fund fees and expenses (“AFFE”) as expenses excluded from the Fund’s contractual expense limit. Accordingly, effective immediately, the Prospectus and SAI are hereby amended and supplemented as followed:

 

1.       In the “Fund Fees and Expenses” section of the Prospectus, the “Annual Fund Operating Expenses” table and the “Example” are hereby deleted and replaced with the following:
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination February 28, 2024
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Operating Expenses are based on estimated amounts for the current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

 

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (including capped expenses for the period described in the footnote to the fee table) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
BARROW HANLEY CREDIT OPPORTUNITIES FUND | I Shares  
Prospectus [Line Items] rr_ProspectusLineItems  
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.60%
Component1 Other Expenses rr_Component1OtherExpensesOverAssets none
Component2 Other Expenses rr_Component2OtherExpensesOverAssets 0.43% [1]
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.43%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.18%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.40%) [3],[4]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 0.78%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 80
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 $ 335
BARROW HANLEY CREDIT OPPORTUNITIES FUND | Y Shares  
Prospectus [Line Items] rr_ProspectusLineItems  
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.60%
Component1 Other Expenses rr_Component1OtherExpensesOverAssets 0.15%
Component2 Other Expenses rr_Component2OtherExpensesOverAssets 0.43% [1]
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.58%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.33%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.40%) [3],[4]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 0.93%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 95
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 $ 382
[1] Other Operating Expenses are based on estimated amounts for the current fiscal year.
[2] Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
[3] Perpetual US Services LLC, doing business as PGIA (the “Adviser” or “Perpetual-PGIA”) has contractually agreed to waive fees and reimburse expenses to the extent necessary to keep Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions and other costs and expenses relating to the securities that are purchased and sold by the Fund, shareholder servicing fees, other expenditures which are capitalized in accordance with generally accepted accounting principles and other non-routine expenses, such as litigation (collectively, “excluded expenses”)) from exceeding 0.78% of the Fund’s average daily net assets until February 28, 2024 (the “contractual expense limit”). In addition, the Adviser may receive from the Fund the difference between the Total Annual Fund Operating Expenses (not including excluded expenses) and the contractual expense limit to recoup all or a portion of its prior fee waivers or expense reimbursements made during the rolling three-year period preceding the date of the recoupment if at any point Total Annual Fund Operating Expenses (not including excluded expenses) are below the contractual expense limit (i) at the time of the fee waiver and/or expense reimbursement and (ii) at the time of the recoupment. This agreement will terminate automatically upon the termination of the Fund’s investment advisory agreement and may be terminated: (i) by the Board of Trustees (the “Board”) of The Advisors’ Inner Circle Fund III (the “Trust”), for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2024. The Adviser further has agreed contractually to waive its investment advisory fee payable by the Fund in the amount of the investment advisory fee the Adviser receives from the Barrow Hanley Floating Rate Fund attributable to the assets of the Fund invested in the Barrow Hanley Floating Rate Fund until February 28, 2024 (the “advisory fee waiver”). This agreement will terminate automatically upon the termination of the Fund’s investment advisory agreement and may be terminated: (i) by the Board for any reason at any time; or (ii) by the Adviser, upon ninety (90) days’ prior written notice to the Trust, effective as of the close of business on February 28, 2024.
[4] The contractual expense limit and advisory fee waiver represent 0.29% and 0.11%, respectively, of the 0.40% in Fee Reductions and/or Expense Reimbursements shown in the table.