NPORT-P/A false 0001752724-23-048757 0001593547 XXXXXXXX S000074065 C000231492 ADVISORS' INNER CIRCLE III 811-22920 0001593547 549300TG800HOPJVWT31 ONE FREEDOM VALLEY DRIVE OAKS 19456 8774463863 Advocate Rising Rate Hedge ETF S000074065 549300NMUYXCIU68EJ58 2023-09-30 2022-12-31 N 35194104.09 219735.79 34974368.30 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 11124626.41000000 EUR JPY USD GBP CAD N N/A N/A N/A N/A N/A -1320.00000000 NC USD -313252500.00000000 -895.663067630 N/A DO US N 1 90DAY EURO$ FUTR SEP23 N/A Short Interest Rate Futures 3M -- 90 Day EuroDollar Future (Consolidated) Sep 2023 2023-09-21 -314596538.48000000 USD 1344038.48000000 N N N United States of America N/A N/A -159.00000000 NC USD -18806718.75000000 -53.7728618532 N/A DIR US N 1 US 10YR ULTRA FUT MAR23 N/A Short U.S. Treasury Futures CBT Chicago Board of Trade Ultra 10-Year U.S. Treasury Note Electronic Bond Future Mar 2023 2023-03-25 -18905481.90000000 USD 98763.15000000 N N N United States of America N/A N/A 600.00000000 NC USD 123046875.00000000 351.8201499582 N/A DIR US N 1 US 2YR NOTE (CBT) MAR23 N/A Long U.S. Treasury Futures US 2-YEAR NOTE (Globex) Mar 2023 2023-04-03 122973026.82000000 USD 73848.18000000 N N N United States of America 254900HROIFWPRGM1V77 912796ZJ1 5000000.00000000 PA USD 4996482.85000000 14.28612750669 Long DBT UST US N 2 2023-01-10 None 0.00000000 N N N N N N Energy Select Sector SPDR Fund N/A 81369Y506 51583.00000000 NS USD 4511965.01000000 12.90077628078 Long EC RF US N 1 N N N United Kingdom of Great Britain and Northern Ireland N/A N/A -34.00000000 NC -4106339.74000000 -11.7409975922 N/A DIR GB N 1 LONG GILT FUTURE MAR23 N/A Short U.K. Gilt Futures U.K. Long Gilt Future Mar 2023 2023-04-01 -4240265.14000000 GBP 133925.40000000 N N N N/A N/A N/A -79.00000000 NC USD -10619575.00000000 -30.3638793670 N/A DFE US N 1 EURO FX CURR FUT MAR23 N/A Short Currency Futures EUR/USD Future (Consolidated) (IMM) Mar 2023 2023-03-16 -10570198.62000000 USD -49376.38000000 N N N N/A N/A N/A 534.00000000 NC USD 39473280.00000000 112.8634537768 N/A DFE US N 1 C$ CURRENCY FUT MAR23 N/A Long Currency Futures CAD/USD Future (Globex) (IMM) Mar 2023 2023-03-17 39207723.98000000 USD 265556.02000000 N N N Health Care Select Sector SPDR N/A 81369Y209 30826.00000000 NS USD 4187712.10000000 11.97366043634 Long EC RF US N 1 N N N United States of America N/A N/A -1642.00000000 NC USD -177220546.88000000 -506.715504794 N/A DIR US N 1 US 5YR NOTE (CBT) MAR23 N/A Short U.S. Treasury Futures US 5-Year Note (consolidated) Mar 2023 2023-04-03 -177545912.70000000 USD 325365.82000000 N N N Japan N/A N/A -46.00000000 NC -50984151.17000000 -145.775759929 N/A DIR JP N 1 JPN 10Y BOND(OSE) MAR23 N/A Short Japan Govt. Bond Futures Japan Govt 10 Year Bond Future (TSE) Mar 2023 2023-03-16 -49826000.89000000 JPY -1158150.28000000 N N N United States of America 254900HROIFWPRGM1V77 912796ZK8 5000000.00000000 PA USD 4992846.85000000 14.27573132178 Long DBT UST US N 2 2023-01-17 None 0.00000000 N N N N N N N/A N/A N/A -233.00000000 NC USD -17597325.00000000 -50.3149187686 N/A DFE US N 1 BP CURRENCY FUT MAR23 N/A Short Currency Futures GBP/USD Future (Consolidated) (IMM) Mar 2023 2023-03-16 -17770524.49000000 USD 173199.49000000 N N N United States of America 254900HROIFWPRGM1V77 912796ZL6 5000000.00000000 PA USD 4988797.80000000 14.26415412912 Long DBT UST US N 2 2023-01-24 None 0.00000000 N N N N N N 2022-12-31 THE ADVISORS' INNER CIRCLE III Andy Metzger Andy Metzger CFO XXXX