NPORT-P false 0001593547 XXXXXXXX S000084471 C000248857 ADVISORS' INNER CIRCLE III 811-22920 0001593547 549300TG800HOPJVWT31 ONE FREEDOM VALLEY DRIVE OAKS 19456 8774463863 Rayliant SMDAM Japan Equity ETF S000084471 529900QCA9HFGQVM5183 2025-09-30 2025-06-30 N 14461624.32 99083.67 14362540.65 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 232781.43000000 N ABC-MART,INC. 353800AXWW4CMTSJWL33 N/A 9257.00000000 NS 189824.74000000 1.321665467314 Long EC JP N 1 N N N ASICS Corporation 3538002LJMRZ83SU0B85 N/A 23187.00000000 NS 590731.14000000 4.112998907334 Long EC JP N 1 N N N DAIICHI SANKYO COMPANY, LIMITED 353800XGIU2IHQGC9504 N/A 13602.00000000 NS 316873.07000000 2.206246636454 Long EC JP N 1 N N N DISCO CORPORATION N/A N/A 1656.00000000 NS 488734.67000000 3.402842727550 Long EC JP N 1 N N N EBARA CORPORATION 353800UV8U3SOMCDTI49 N/A 20652.00000000 NS 397184.09000000 2.765416646531 Long EC JP N 1 N N N FAST RETAILING CO., LTD. 353800ZCXKHDPY0N5218 N/A 1252.00000000 NS 429222.47000000 2.988485675756 Long EC JP N 1 N N N FOOD & LIFE COMPANIES LTD. 529900CWF7GCVZKS5M87 N/A 8150.00000000 NS 395806.36000000 2.755824123637 Long EC JP N 1 N N N Fujikura Ltd. 353800PSDZ8VRCKVPL51 N/A 9640.00000000 NS 505274.95000000 3.518005360701 Long EC JP N 1 N N N NORTHERN TRUST N/A N/A 1.00000000 NC -26.21000000 -0.00018248860 N/A DFE JP N 2 NORTHERN TRUST N/A 56312.31000000 USD 8130246.00000000 JPY 2025-07-01 -26.21000000 N N N BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 N/A 1.00000000 NC USD -11.57000000 -0.00008055677 N/A DFE US N 2 BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 1849521.00000000 JPY 12792.76000000 USD 2025-07-01 -11.57000000 N N N BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 N/A 1.00000000 NC USD -18.15000000 -0.00012637039 N/A DFE US N 2 BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 2761138.00000000 JPY 19097.35000000 USD 2025-07-01 -18.15000000 N N N BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 N/A 1.00000000 NC USD -6.78000000 -0.00004720613 N/A DFE US N 2 BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 1084510.00000000 JPY 7501.34000000 USD 2025-07-01 -6.78000000 N N N BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 N/A 1.00000000 NC USD -5.09000000 -0.00003543941 N/A DFE US N 2 BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 814664.00000000 JPY 5634.87000000 USD 2025-07-01 -5.09000000 N N N BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 N/A 1.00000000 NC USD -10.25000000 -0.00007136620 N/A DFE US N 2 BROWN BROTHERS HARRIMAN & CO. 5493006KMX1VFTPYPW14 1639502.00000000 JPY 11340.10000000 USD 2025-07-01 -10.25000000 N N N Hitachi, Ltd. 549300T6IPOCDWLKC615 N/A 15835.00000000 NS 460979.44000000 3.209595371972 Long EC JP N 1 N N N HOSHIZAKI CORPORATION 5299001QAMLGU3SRBG20 N/A 10531.00000000 NS 362783.45000000 2.525900248714 Long EC JP N 1 N N N Internet Initiative Japan Inc. 529900EOCJNAPUHDFR78 N/A 20529.00000000 NS 404056.54000000 2.813266467586 Long EC JP N 1 N N N Kao Corporation 353800HM38HFCB8RGL63 N/A 10410.00000000 NS 465349.23000000 3.240020281509 Long EC JP N 1 N N N Kawasaki Heavy Industries, Ltd. 5493008FFSI8SQ74AT93 N/A 7475.00000000 NS 564072.83000000 3.927388919174 Long EC JP N 1 N N N LIFEDRINK COMPANY, INC. N/A N/A 18973.00000000 NS 278201.49000000 1.936993577804 Long EC JP N 1 N N N MARUWA CO., LTD. 3538009BXGIG8PFXNI29 N/A 2430.00000000 NS 695463.33000000 4.842202692042 Long EC JP N 1 N N N Mitsubishi Corporation KVIPTY4PULAPGC1VVD26 N/A 14633.00000000 NS 292568.83000000 2.037026993549 Long EC JP N 1 N N N Mitsubishi UFJ Financial Group, Inc. 353800V2V8PUY9TK3E06 N/A 55600.00000000 NS 763299.53000000 5.314516063702 Long EC JP N 1 N N N NEC Corporation 5493000QYMPFRTEY4K28 N/A 26635.00000000 NS 777964.38000000 5.416620909616 Long EC JP N 1 N N N OSAKA SODA CO., LTD. N/A N/A 39564.00000000 NS 492204.70000000 3.427003007298 Long EC JP N 1 N N N Premium Group Co., Ltd. N/A N/A 32258.00000000 NS 468756.56000000 3.263744008968 Long EC JP N 1 N N N RESORTTRUST,INC. 353800FM9MYWH105SE11 N/A 42493.00000000 NS 518053.05000000 3.606973603239 Long EC JP N 1 N N N RYOHIN KEIKAKU CO., LTD. 549300PMNF56J66BY371 N/A 14786.00000000 NS 708872.24000000 4.935562984812 Long EC JP N 1 N N N Sanrio Company,Ltd. 3538002Q5JQLOMSPH125 N/A 11614.00000000 NS 560257.21000000 3.900822449543 Long EC JP N 1 N N N SCSK Corporation 529900SNGFXMSUBB7864 N/A 19495.00000000 NS 586827.24000000 4.085817783220 Long EC JP N 1 N N N SEIREN CO.,LTD. 353800O8K6NWOIT8Q636 N/A 21578.00000000 NS 347769.63000000 2.421365679476 Long EC JP N 1 N N N Shin-Etsu Chemical Co., Ltd. 353800PX8Q64N86H5W41 N/A 8624.00000000 NS 284909.33000000 1.983697292442 Long EC JP N 1 N N N SIGMAXYZ Holdings Inc N/A N/A 70121.00000000 NS 608755.82000000 4.238496759276 Long EC JP N 1 N N N Sony Group Corporation 529900R5WX9N2OI2N910 N/A 18264.00000000 NS 471630.86000000 3.283756484964 Long EC JP N 1 N N N TOYO SUISAN KAISHA, LTD. N/A 892306101 4041.00000000 NS 268150.40000000 1.867012296323 Long EC JP N 1 N N N TOYOTA MOTOR CORPORATION 5493006W3QUS5LMH6R84 N/A 29058.00000000 NS 501516.80000000 3.491839029190 Long EC JP N 1 N N N 2025-06-30 THE ADVISORS' INNER CIRCLE III Andrew Metzger Andrew Metzger Treasurer, Controller and Chief Financial Officer XXXX