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        <name>INTERCONTINENTAL HOTELS GROUP PLC</name>
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        <name>L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA</name>
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        <name>Universal Music Group N.V.</name>
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        <name>Hexagon Aktiebolag</name>
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        <name>N/A</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>VINCI SA</name>
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        <name>Sony Group Corporation</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>SONY GROUP CORP - SP ADR DEPOSITARY RECEIPT</title>
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        <name>FANUC CORPORATION</name>
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        <name>Credit Suisse Securities</name>
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        <name> BRK: MORGAN STANLEY</name>
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        <name>JAPANESE YEN</name>
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        <name>Bank of America</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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          <ticker value="HSIF4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>J.P. MORGAN SECURITIES</counterpartyName>
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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>Alcon AG</name>
        <lei>549300LDT5AP8S0NBM78</lei>
        <title>ALCON INC COMMON STOCK</title>
        <cusip>H01301128</cusip>
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          <isin value="CH0432492467"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MEDTRONIC PUBLIC LIMITED COMPANY</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>MEDTRONIC PLC COMMON STOCK</title>
        <cusip>G5960L103</cusip>
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          <isin value="IE00BTN1Y115"/>
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        <balance>33638.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2771098.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICICI BANK LIMITED</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI BANK LTD-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>45104G104</cusip>
        <identifiers>
          <isin value="US45104G1040"/>
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        <balance>139466.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3324869.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Holcim AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>HOLCIM LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012214059"/>
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        <balance>12415.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
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        <balance>30601.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3182504.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stellantis N.V.</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>STELLANTIS NV COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL00150001Q9"/>
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        <balance>67509.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.90584000"/>
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        <pctVal>0.991504308632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nestle S.A.</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE SA-REG COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="CH0038863350"/>
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        <balance>20282.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Fresenius SE &amp; Co. KGaA</name>
        <lei>XDFJ0CYCOO1FXRFTQS51</lei>
        <title>FRESENIUS SE &amp; CO KGAA COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="DE0005785604"/>
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        <balance>84369.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank of America</name>
        <lei>B4TYDEB6GKMZO031MB27</lei>
        <title>BRK: BANK OF AMERICA PAY: 1MLIBOR</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="TRS_SGO07"/>
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        <balance>996.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Bank of America</name>
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          <other otherDesc="All Others" value="TRS_DG012"/>
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        <balance>11550.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PRYSMIAN S.P.A.</name>
        <lei>529900X0H1IO3RS1A464</lei>
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        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Bank of America</name>
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      <invstOrSec>
        <name>INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>IND &amp; COMM BK OF CHINA-H COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="CNE1000003G1"/>
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        <balance>4930000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Brenntag SE</name>
        <lei>NNROIXVWJ7CPSR27SV97</lei>
        <title>BRENNTAG SE COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>17889.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>L'OREAL SA</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L'OREAL COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>1928.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.90584000"/>
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        <name>SAP SE</name>
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        <name>Nintendo Co., Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JP MORGAN CHASE BANK N.A.</name>
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        <name>United States of America</name>
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        <name>ANTA SPORTS PRODUCTS LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Siemens Aktiengesellschaft</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Bank of America</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ACCOR SA</name>
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        <name>ASM International N.V.</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Bank of America</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ALIBABA GROUP HOLDING LIMITED</name>
        <lei>5493001NTNQJDH60PM02</lei>
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      <invstOrSec>
        <name>BUREAU VERITAS SA</name>
        <lei>969500TPU5T3HA5D1F11</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <ticker value="JNIH4"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>iShares MSCI EAFE ETF</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>DSM-Firmenich AG</name>
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        <name>Deutsche Boerse Aktiengesellschaft</name>
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        <name>BUDWEISER BREWING COMPANY APAC LIMITED</name>
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        <name>J.P. MORGAN SECURITIES</name>
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        <name>Tencent Holdings Limited</name>
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        <name>L'OREAL SA</name>
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        <name>HDFC BANK LIMITED</name>
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        <name>ASTRAZENECA PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
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        <name>ANHEUSER-BUSCH INBEV SA</name>
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        <name>SGS SA</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN CHASE BANK N.A.</name>
        <lei>984500653R409CC5AB28</lei>
        <title>BRK: JP MORGAN PAY: 1MLIBOR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="TRS_BVI03"/>
        </identifiers>
        <balance>24810.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90584000"/>
        <valUSD>-40535.64000000</valUSD>
        <pctVal>-0.02549829179</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JP MORGAN CHASE BANK N.A.</counterpartyName>
              <counterpartyLei>984500653R409CC5AB28</counterpartyLei>
            </counterparties>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2024-12-30</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>EUR</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>EUR</rcptCurCd>
            <notionalAmt>-604123.50000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-40535.64000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-12-31</ncom:dateSigned>
      <ncom:nameOfApplicant>THE ADVISORS' INNER CIRCLE III</ncom:nameOfApplicant>
      <ncom:signature>Andy Metzger</ncom:signature>
      <ncom:signerName>Andy Metzger</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
