THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS DISCIPLINED EQUITY FUND JANUARY 31, 2023 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK** — 98.3%	Shares		Value
COMMUNICATION SERVICES — 8.8%
Alphabet, Cl A *	376,446	$	37,207,923
Alphabet, Cl C *	458,913		45,831,641
T-Mobile US *	192,053		28,675,433
Walt Disney *	155,661		16,887,662
			128,602,659
CONSUMER DISCRETIONARY — 9.5%
Amazon.com *	640,090		66,012,482
Dollar General	80,437		18,790,083
Home Depot	101,860		33,019,956
TJX	261,909		21,439,871
			139,262,392
CONSUMER STAPLES — 3.9%
Costco Wholesale	33,565		17,156,414
Mondelez International, Cl A	319,644		20,917,503
PepsiCo	107,288		18,348,394
			56,422,311
ENERGY — 4.4%
Chevron	108,141		18,818,697
ConocoPhillips	129,940		15,835,788
Pioneer Natural Resources	132,034		30,414,032
			65,068,517
FINANCIALS — 14.1%
BlackRock, Cl A	20,470		15,541,029
Blackstone, Cl A	269,658		25,876,382
Charles Schwab	432,496		33,483,840
CME Group, Cl A	53,374		9,429,051
Intercontinental Exchange	134,741		14,491,394
JPMorgan Chase	139,900		19,580,404
PNC Financial Services Group	135,899		22,481,772
S&P Global	76,927		28,843,009
SVB Financial Group *	51,855		15,683,026
US Bancorp	423,935		21,111,963
			206,521,870
HEALTH CARE — 14.4%
Abbott Laboratories	178,426		19,724,994
AstraZeneca PLC ADR	425,597		27,821,276
Danaher	116,465		30,791,017

1

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS DISCIPLINED EQUITY FUND JANUARY 31, 2023 (Unaudited)

COMMON STOCK** (continued)	Shares		Value
HEALTH CARE (continued)
IQVIA Holdings *	83,917	$	19,251,399
Stryker	89,847		22,804,067
Thermo Fisher Scientific	45,034		25,684,241
UnitedHealth Group	98,872		49,355,914
Zoetis, Cl A	99,021		16,386,985
			211,819,893
INDUSTRIALS — 7.7%
Honeywell International	175,688		36,627,434
Otis Worldwide	255,868		21,040,026
Raytheon Technologies	346,632		34,611,205
Union Pacific	100,892		20,601,138
			112,879,803
INFORMATION TECHNOLOGY — 27.3%
Adobe *	49,590		18,365,161
Analog Devices	127,598		21,879,229
Apple	341,002		49,203,179
Automatic Data Processing	51,151		11,550,407
Cisco Systems	575,101		27,990,166
Fidelity National Information Services	182,249		13,675,965
Fiserv *	170,638		18,203,662
Microsoft	383,282		94,981,112
QUALCOMM	143,845		19,161,592
Roper Technologies	55,992		23,894,586
Salesforce *	152,598		25,631,886
TE Connectivity	163,557		20,796,273
Visa, Cl A	243,231		55,994,208
			401,327,426
MATERIALS — 3.0%
Linde PLC	72,097		23,859,781
Martin Marietta Materials	57,308		20,610,249
			44,470,030
REAL ESTATE — 2.6%
American Tower, Cl A ‡	73,598		16,441,057
AvalonBay Communities ‡	41,957		7,444,850
Prologis ‡	115,438		14,923,825
			38,809,732
UTILITIES — 2.6%
American Water Works	35,623		5,574,643

2

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS DISCIPLINED EQUITY FUND JANUARY 31, 2023 (Unaudited)

COMMON STOCK** (continued)	Shares		Value
UTILITIES (continued)
NextEra Energy	436,293	$	32,560,547
			38,135,190
TOTAL COMMON STOCK (Cost $757,717,928)			1,443,319,823
CASH EQUIVALENT — 1.7%
First American Government Obligations Fund, Cl X, 4.140% (A)	24,241,933		24,241,933
TOTAL CASH EQUIVALENT (Cost $24,241,933)			24,241,933
TOTAL INVESTMENTS — 100.0% (Cost $781,959,861)		$	1,467,561,756

Percentages are based on Net Assets of $1,467,637,034.

* Non-income producing security.

** More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting periods.

‡ Real Estate Investment Trust

(A) The rate reported is the 7-day effective yield as of January 31, 2023.

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-001-1900

3

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS MID CAP EQUITY FUND JANUARY 31, 2023 (Unaudited)     

SCHEDULE OF INVESTMENTS
COMMON STOCK** — 97.1%	Shares		Value
COMMUNICATION SERVICES — 0.5%
Live Nation Entertainment *	45,691	$	3,677,669
CONSUMER DISCRETIONARY — 17.4%
Aptiv PLC *	68,214		7,714,321
AutoZone *	10,615		25,888,393
Chipotle Mexican Grill, Cl A *	8,677		14,285,639
Domino’s Pizza	17,446		6,158,438
Five Below *	49,845		9,825,945
Floor & Decor Holdings, Cl A *	79,106		7,180,452
Marriott International, Cl A	54,829		9,550,115
Planet Fitness, Cl A *	101,813		8,618,470
Ross Stores	63,968		7,560,378
Tractor Supply	61,106		13,931,557
Ulta Beauty *	25,753		13,236,012
			123,949,720
CONSUMER STAPLES — 3.9%
Church & Dwight	52,522		4,246,929
Monster Beverage *	92,859		9,664,765
Sprouts Farmers Market *	189,503		6,054,621
US Foods Holding *	207,041		7,894,473
			27,860,788
ENERGY — 3.0%
Cheniere Energy	48,737		7,446,526
Diamondback Energy	93,782		13,703,426
			21,149,952
FINANCIALS — 5.8%
Ameriprise Financial	56,214		19,681,646
Ares Management, Cl A	107,259		8,901,424
MSCI, Cl A	24,738		13,149,731
			41,732,801
HEALTH CARE — 15.3%
Agilent Technologies	60,275		9,166,622
Align Technology *	38,953		10,506,793
Alnylam Pharmaceuticals *	52,153		11,807,439
AmerisourceBergen, Cl A	40,337		6,815,340
Avantor *	500,664		11,965,869
Charles River Laboratories International *	41,999		10,216,257

4

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS MID CAP EQUITY FUND JANUARY 31, 2023 (Unaudited)     

COMMON STOCK** (continued)	Shares		Value
HEALTH CARE (continued)
Edwards Lifesciences *	65,906	$	5,054,990
Humana	20,307		10,391,092
ICON PLC *	41,814		9,646,908
ResMed	57,875		13,216,914
Veeva Systems, Cl A *	59,906		10,216,968
			109,005,192
INDUSTRIALS — 14.6%
AMETEK	72,552		10,514,236
Cintas	16,800		7,454,832
CoStar Group *	80,306		6,255,838
Howmet Aerospace	204,641		8,326,842
Hubbell, Cl B	32,768		7,500,923
IAA *	112,428		4,691,621
IDEX	45,599		10,929,168
Ingersoll Rand	140,119		7,846,664
Masco	113,166		6,020,431
Oshkosh	52,245		5,265,251
Pentair PLC	56,122		3,108,036
Regal Rexnord	50,676		7,054,099
TransUnion	94,244		6,762,007
Waste Connections	66,460		8,832,534
Zurn Elkay Water Solutions	154,888		3,385,852
			103,948,334
INFORMATION TECHNOLOGY — 29.0%
Amphenol, Cl A	183,318		14,623,277
ANSYS *	38,676		10,301,739
Bill.com Holdings *	15,600		1,803,672
Cadence Design Systems *	101,720		18,597,468
CDW	62,583		12,268,145
Dynatrace *	141,781		5,448,644
Enphase Energy *	66,921		14,814,971
Entegris	94,336		7,613,859
EPAM Systems *	37,291		12,404,851
FleetCor Technologies *	36,553		7,632,632
Genpact	103,936		4,914,094
Global Payments	85,659		9,655,482
Keysight Technologies *	85,936		15,412,622
KLA	15,415		6,050,079
Marvell Technology	111,597		4,815,410
Microchip Technology	220,056		17,080,747
Palo Alto Networks *	101,905		16,166,209

5

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS MID CAP EQUITY FUND JANUARY 31, 2023 (Unaudited)     

COMMON STOCK** (continued)	Shares		Value
INFORMATION TECHNOLOGY (continued)
Roper Technologies	28,245	$	12,053,554
Synopsys *	43,476		15,379,635
			207,037,090
MATERIALS — 5.3%
Ashland	60,829		6,646,785
Berry Global Group	116,674		7,202,286
Crown Holdings	99,321		8,756,139
FMC	75,044		9,990,608
Livent *	207,410		5,376,067
			37,971,885
REAL ESTATE — 2.3%
SBA Communications, Cl A ‡	55,845		16,615,563
TOTAL COMMON STOCK (Cost $427,516,048)			692,948,994
CASH EQUIVALENT — 3.0%
First American Government Obligations Fund, Cl X, 4.140% (A)	21,060,931		21,060,931
TOTAL CASH EQUIVALENT (Cost $21,060,931)			21,060,931
TOTAL INVESTMENTS — 100.1% (Cost $448,576,979)		$	714,009,925

Percentages are based on Net Assets of $713,620,952.

* Non-income producing security.

** More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting periods.

‡ Real Estate Investment Trust

(A) The rate reported is the 7-day effective yield as of January 31, 2023.

Cl — Class

PLC — Public Limited Company

ATF-QH-002-1800

6

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INCOME OPPORTUNITIES FUND JANUARY 31, 2023 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 67.0%	Shares		Value
COMMUNICATION SERVICES — 2.3%
Alphabet, Cl A * (A)	142,450	$	14,079,758
CONSUMER DISCRETIONARY — 5.7%
Amazon.com * (A)	114,360		11,793,947
Home Depot	34,795		11,279,495
Service International	76,578		5,678,259
Vail Resorts	25,295		6,635,890
			35,387,591
CONSUMER STAPLES — 4.0%
Costco Wholesale	9,660		4,937,612
PepsiCo	62,231		10,642,746
Procter & Gamble	68,075		9,692,518
			25,272,876
ENERGY — 3.7%
Chevron	76,398		13,294,780
Pioneer Natural Resources	42,250		9,732,287
			23,027,067
FINANCIALS — 9.8%
Ares Capital	326,422		6,322,794
Ares Management, Cl A	88,130		7,313,909
Blue Owl Capital, Cl A	471,350		5,929,583
CME Group, Cl A	29,234		5,164,478
Golub Capital BDC	402,350		5,512,195
Hannon Armstrong Sustainable Infrastructure Capital	59,590		2,199,467
JPMorgan Chase	72,496		10,146,540
S&P Global	23,905		8,962,941
US Bancorp	187,982		9,361,504
			60,913,411
HEALTH CARE — 6.0%
Johnson & Johnson	66,985		10,946,689
Medtronic PLC	47,500		3,975,275
Novartis ADR	69,438		6,292,472
UnitedHealth Group	31,728		15,838,300
			37,052,736
INDUSTRIALS — 8.6%
IDEX	36,625		8,778,280
Lockheed Martin	24,964		11,564,823

7

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INCOME OPPORTUNITIES FUND JANUARY 31, 2023 (Unaudited)

COMMON STOCK (continued)		Shares		Value
INDUSTRIALS (continued)
Republic Services, Cl A		72,900	$	9,099,378
Rollins		149,250		5,432,700
Triton International		43,503		3,073,052
Union Pacific		37,522		7,661,617
United Parcel Service, Cl B		42,892		7,944,885
				53,554,735
INFORMATION TECHNOLOGY — 19.4%
Apple		175,690		25,350,310
Automatic Data Processing		28,847		6,513,941
Broadcom		23,534		13,767,626
Cisco Systems		142,199		6,920,826
Fidelity National Information Services		74,500		5,590,480
Microchip Technology		140,036		10,869,594
Microsoft		120,583		29,881,673
QUALCOMM		72,015		9,593,118
Visa, Cl A		52,562		12,100,298
				120,587,866
MATERIALS — 1.7%
Linde PLC		32,136		10,635,088
REAL ESTATE — 4.0%
Crown Castle ‡		32,978		4,884,372
Invitation Homes ‡		134,357		4,366,602
Prologis ‡		58,500		7,562,880
VICI Properties, Cl A ‡		144,626		4,943,317
Weyerhaeuser ‡		85,884		2,956,986
				24,714,157
UTILITIES — 1.8%
NextEra Energy		149,010		11,120,616
TOTAL COMMON STOCK (Cost $273,734,157)				416,345,901
CORPORATE OBLIGATIONS — 19.4%		Face Amount
COMMUNICATION SERVICES — 2.4%
Comcast 2.937%, 11/01/56	$	6,111,000		4,170,290
Diamond Sports Group 5.375%, 08/15/26(B)		4,500,000		331,875

8

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INCOME OPPORTUNITIES FUND JANUARY 31, 2023 (Unaudited)

CORPORATE OBLIGATIONS (continued)		Face Amount		Value
COMMUNICATION SERVICES (continued)
Discovery Communications 3.800%, 03/13/24	$	3,150,000	$	3,096,198
T-Mobile USA 3.500%, 04/15/31		5,000,000		4,474,249
Verizon Communications 2.355%, 03/15/32		2,441,000		2,010,907
Warnermedia Holdings 3.428%, 03/15/24(B)		1,000,000		978,736
				15,062,255
CONSUMER DISCRETIONARY — 3.0%
Amazon.com 3.150%, 08/22/27		3,300,000		3,155,084
Ford Motor Credit 7.350%, 11/04/27		3,000,000		3,146,250
6.950%, 03/06/26		2,000,000		2,045,160
General Motors 6.800%, 10/01/27		2,500,000		2,662,386
Meritage Homes 3.875%, 04/15/29(B)		3,000,000		2,658,750
Newell Brands 4.450%, 04/01/26		5,000,000		4,750,200
				18,417,830
ENERGY — 1.8%
Cheniere Energy Partners 4.500%, 10/01/29		5,000,000		4,690,600
DCP Midstream Operating 6.750%, 09/15/37(B)		1,500,000		1,643,175
Kinder Morgan MTN 7.800%, 08/01/31		1,400,000		1,615,428
Sabine Pass Liquefaction 5.750%, 05/15/24		1,250,000		1,257,179
5.625%, 03/01/25		2,000,000		2,017,836
				11,224,218
FINANCIALS — 5.8%
Ally Financial 2.200%, 11/02/28		5,000,000		4,178,033
Ares Capital 3.875%, 01/15/26		5,000,000		4,703,326

9

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INCOME OPPORTUNITIES FUND JANUARY 31, 2023 (Unaudited)

CORPORATE OBLIGATIONS (continued)		Face Amount		Value
FINANCIALS (continued)
Bank of America 5.200%, ICE LIBOR USD 3 Month + 3.135%(C)(D)	$	2,000,000	$	1,980,349
3.950%, 04/21/25		5,750,000		5,654,145
Goldman Sachs Group 6.552%, ICE LIBOR USD 3 Month + 1.750%, 10/28/27(C)		3,000,000		3,088,059
1.217%, 12/06/23		4,000,000		3,876,618
JPMorgan Chase 7.394%, ICE LIBOR USD 3 Month + 2.580%(C)(D)		1,000,000		995,000
6.000%, ICE LIBOR USD 3 Month + 3.300%(C)(D)		1,500,000		1,494,375
5.000%, TSFR3M + 3.380%(C)(D)		2,000,000		1,945,000
OneMain Finance 3.500%, 01/15/27		3,000,000		2,609,148
PNC Financial Services Group 8.492%, ICE LIBOR USD 3 Month + 3.678%(C)(D)		2,500,000		2,506,248
Wells Fargo MTN 4.100%, 06/03/26		3,000,000		2,948,691
				35,978,992
HEALTH CARE — 1.2%
AbbVie 4.250%, 11/21/49		3,500,000		3,133,073
HCA 5.375%, 02/01/25		3,050,000		3,061,521
5.000%, 03/15/24		1,250,000		1,247,063
				7,441,657
INDUSTRIALS — 1.0%
AerCap Ireland Capital DAC 3.000%, 10/29/28		1,000,000		881,542
Northrop Grumman 4.030%, 10/15/47		2,000,000		1,762,030
Quanta Services 2.900%, 10/01/30		3,750,000		3,219,989
				5,863,561
INFORMATION TECHNOLOGY — 2.8%
Apple 3.850%, 08/04/46		3,000,000		2,700,539
Broadcom 3.469%, 04/15/34(B)		2,500,000		2,072,819
CommScope Technologies 6.000%, 06/15/25(B)		1,734,000		1,642,150

10

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INCOME OPPORTUNITIES FUND JANUARY 31, 2023 (Unaudited)

CORPORATE OBLIGATIONS (continued)		Face Amount		Value
INFORMATION TECHNOLOGY (continued)
Kyndryl Holdings 2.050%, 10/15/26	$	1,000,000	$	862,164
Oracle 6.150%, 11/09/29		3,000,000		3,206,562
Salesforce 3.700%, 04/11/28		3,000,000		2,936,396
Western Union 2.850%, 01/10/25		4,500,000		4,324,135
				17,744,765
MATERIALS — 0.3%
NOVA Chemicals 5.000%, 05/01/25(B)		2,000,000		1,923,318
REAL ESTATE — 1.1%
Boston Properties 2.750%, 10/01/26		1,000,000		919,418
Equinix 3.000%, 07/15/50		3,000,000		2,063,829
VICI Properties 5.125%, 05/15/32		4,000,000		3,826,400
				6,809,647
TOTAL CORPORATE OBLIGATIONS (Cost $134,258,262)				120,466,243
U.S. TREASURY OBLIGATIONS — 7.5%
U.S. Treasury Bonds 3.000%, 02/15/48		10,000,000		8,807,031
2.500%, 02/15/45		10,000,000		8,067,578
				16,874,609
U.S. Treasury Inflation Indexed Notes 0.500%, 01/15/28		12,069,400		11,550,321
U.S. Treasury Notes 2.000%, 08/15/25		10,000,000		9,521,094
1.625%, 05/15/31		10,000,000		8,700,391
				18,221,485
TOTAL U.S. TREASURY OBLIGATIONS (Cost $51,758,527)				46,646,415

11

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INCOME OPPORTUNITIES FUND JANUARY 31, 2023 (Unaudited)

MORTGAGE-BACKED SECURITY — 2.1%		Face Amount			Value
AGENCY MORTGAGE-BACKED OBLIGATION — 2.1%
FNMA 4.500%, 07/01/52	$	13,009,306		$	12,860,752
TOTAL MORTGAGE-BACKED SECURITY (Cost 12,835,588)					12,860,752
EXCHANGE TRADED FUNDS — 1.7%	Shares
iShares National Muni Bond ETF		53,290			5,761,715
Nuveen AMT-Free Quality Municipal Income Fund, Cl Institutional		409,191			4,746,615
TOTAL EXCHANGE TRADED FUNDS (Cost $10,933,458)					10,508,330
PREFERRED STOCK — 0.3%
FINANCIALS — 0.3%
Wells Fargo, 7.500%		1,700			2,138,583
TOTAL PREFERRED STOCK (Cost $2,066,538)					2,138,583
CASH EQUIVALENT — 2.4%
First American Government Obligations Fund, Cl X, 4.140% (E)		15,212,669			15,212,669
TOTAL CASH EQUIVALENT (Cost $15,212,669)					15,212,669
TOTAL INVESTMENTS — 100.4% (Cost $500,799,199)				$	624,178,893
WRITTEN OPTIONS — (0.2%)		Contracts			Value
TOTAL WRITTEN OPTIONS — (0.2%) (Premiums Received $366,923)		(2,567	)	$	(1,013,700	)

12

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INCOME OPPORTUNITIES FUND JANUARY 31, 2023 (Unaudited)

A list of the exchange traded option contracts held by the Fund at January 31, 2023, is as follows:

Description	Contracts			Notional Amount			Exercise Price		Expiration Date		Value
WRITTEN OPTIONS — (0.2%)
Call Options
Alphabet*		(1,424	)	$	(14,074,816	)	$	105		02/20/23	$	(213,600	)
Amazon*		(1,143	)		(11,787,759	)		100		02/20/23		(800,100	)
Total Written Options				$	(25,862,575	)					$	(1,013,700	)

Percentages are based on Net Assets of $621,899,209.

* Non-income producing security.

‡ Real Estate Investment Trust

(A) Security, or portion thereof, has been pledged as collateral on written equity options.

(B) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” The total value of such securities as of January 31, 2023 was $11,250,823 which represents 1.8% of Net Assets.

(C) Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

(D) Perpetual security with no stated maturity date.

(E) The rate reported is the 7-day effective yield as of January 31, 2023.

ADR — American Depositary Receipt

BDC — Business Development Company

Cl — Class

DAC — Designated Activity Company

ETF — Exchange Traded Fund

FNMA — Federal National Mortgage Association

ICE — Intercontinental Exchange

LIBOR— London Interbank Offered Rate

MTN — Medium Term Note

PLC — Public Limited Company

USD — U.S. Dollar

ATF-QH-003-1800

13

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS ALL CAP GROWTH FUND JANUARY 31, 2023 (Unaudited)     

SCHEDULE OF INVESTMENTS
COMMON STOCK** — 97.8%	Shares		Value
COMMUNICATION SERVICES — 2.4%
Live Nation Entertainment *	37,154	$	2,990,526
Nexstar Media Group, Cl A	7,272		1,489,087
			4,479,613
CONSUMER DISCRETIONARY — 8.7%
Amazon.com *	56,139		5,789,615
Chipotle Mexican Grill, Cl A *	2,784		4,583,522
TJX	30,754		2,517,522
Ulta Beauty *	6,774		3,481,565
			16,372,224
CONSUMER STAPLES — 1.5%
Costco Wholesale	5,272		2,694,730
ENERGY — 4.2%
Devon Energy	23,177		1,465,713
EOG Resources	48,675		6,437,269
			7,902,982
FINANCIALS — 17.6%
Ares Management, Cl A	9,032		749,566
Blackstone, Cl A	61,523		5,903,747
Brown & Brown	76,707		4,491,962
Charles Schwab	53,378		4,132,525
Goldman Sachs Group	6,601		2,414,712
Kinsale Capital Group	12,777		3,557,628
LPL Financial Holdings	4,915		1,165,445
Morgan Stanley	25,013		2,434,515
S&P Global	19,682		7,379,569
SVB Financial Group *	2,474		748,236
			32,977,905
HEALTH CARE — 18.1%
AstraZeneca PLC ADR	51,647		3,376,165
Bio-Techne	16,869		1,343,785
Danaher	11,496		3,039,313
Edwards Lifesciences *	28,613		2,194,617
Elevance Health	5,183		2,591,448
Eli Lilly	19,476		6,702,665
ICON PLC *	9,775		2,255,190
IDEXX Laboratories *	8,294		3,985,267

14

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS ALL CAP GROWTH FUND JANUARY 31, 2023 (Unaudited)     

COMMON STOCK** (continued)	Shares		Value
HEALTH CARE (continued)
Intuitive Surgical *	18,958	$	4,657,791
Zoetis, Cl A	23,080		3,819,509
			33,965,750
INDUSTRIALS — 11.2%
Cintas	8,830		3,918,224
CoStar Group *	56,598		4,408,984
L3Harris Technologies	10,292		2,210,927
Robert Half International	10,576		887,961
TransDigm Group *	5,232		3,755,268
United Rentals	6,717		2,961,861
Waste Management	17,809		2,755,587
			20,898,812
INFORMATION TECHNOLOGY — 26.0%
Adobe *	3,571		1,322,484
Advanced Micro Devices *	34,030		2,557,354
Amphenol, Cl A	43,156		3,442,554
Apple	12,089		1,744,322
ASML Holding, Cl G	2,120		1,400,981
CDW	8,238		1,614,895
Entegris	42,086		3,396,761
EPAM Systems *	4,509		1,499,919
Gartner *	5,240		1,771,854
Intuit	3,513		1,484,840
Mastercard, Cl A	20,889		7,741,463
Microsoft	14,354		3,557,065
Monolithic Power Systems	6,105		2,604,149
NVIDIA	6,907		1,349,420
Palo Alto Networks *	53,289		8,453,767
Roper Technologies	11,321		4,831,237
			48,773,065
MATERIALS — 6.7%
Martin Marietta Materials	20,298		7,299,973
Sherwin-Williams	22,437		5,308,370
			12,608,343

15

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS ALL CAP GROWTH FUND JANUARY 31, 2023 (Unaudited)     

COMMON STOCK** (continued)	Shares		Value
REAL ESTATE — 1.4%
SBA Communications, Cl A ‡	8,645	$	2,572,147
TOTAL COMMON STOCK (Cost $127,189,428)			183,245,571
CASH EQUIVALENT — 1.3%
First American Government Obligations Fund, Cl X, 4.140% (A)	2,529,036		2,529,036
TOTAL CASH EQUIVALENT (Cost $2,529,036)			2,529,036
TOTAL INVESTMENTS — 99.1% (Cost $129,718,464)		$	185,774,607

Percentages are based on Net Assets of $187,406,951.

* Non-income producing security.

** More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting periods.

‡ Real Estate Investment Trust

(A) The rate reported is the 7-day effective yield as of January 31, 2023.

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-005-0900

16

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS EQUITY INCOME FUND JANUARY 31, 2023 (Unaudited)     

SCHEDULE OF INVESTMENTS
COMMON STOCK — 95.8%	Shares		Value
COMMUNICATION SERVICES — 2.8%
Comcast, Cl A	114,812	$	4,517,852
Nexstar Media Group, Cl A	21,030		4,306,313
			8,824,165
CONSUMER DISCRETIONARY — 3.4%
Dick’s Sporting Goods	36,903		4,825,436
Home Depot	10,967		3,555,172
Ralph Lauren, Cl A	18,857		2,335,440
			10,716,048
ENERGY — 8.4%
Enterprise Products Partners	543,549		13,914,854
EOG Resources	31,963		4,227,107
Magellan Midstream Partners	156,675		8,366,445
			26,508,406
FINANCIALS — 18.4%
AllianceBernstein Holding	62,678		2,376,123
Ares Management, Cl A	51,550		4,278,135
Blackstone, Cl A	115,571		11,090,193
Brookfield	180,080		6,698,976
Brookfield Asset Management, Cl A *	45,020		1,469,903
Charles Schwab	110,609		8,563,349
CME Group, Cl A	48,028		8,484,626
Goldman Sachs Group	14,563		5,327,291
JPMorgan Chase	33,539		4,694,119
Morgan Stanley	50,058		4,872,145
			57,854,860
HEALTH CARE — 18.3%
Abbott Laboratories	108,986		12,048,402
AbbVie	27,250		4,026,188
AstraZeneca PLC ADR	184,900		12,086,913
Elevance Health	27,214		13,606,728
Eli Lilly	25,274		8,698,047
Johnson & Johnson	20,243		3,308,111
Merck	31,504		3,383,845
			57,158,234
INDUSTRIALS — 6.5%
L3Harris Technologies	45,690		9,815,126
Robert Half International	40,525		3,402,479

17

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS EQUITY INCOME FUND JANUARY 31, 2023 (Unaudited)     

COMMON STOCK (continued)	Shares		Value
INDUSTRIALS (continued)
Union Pacific	12,619	$	2,576,673
Waste Management	30,200		4,672,846
			20,467,124
INFORMATION TECHNOLOGY — 15.4%
Accenture PLC, Cl A	9,003		2,512,287
Apple	71,763		10,354,683
Broadridge Financial Solutions	40,113		6,031,391
International Business Machines	30,513		4,111,017
Microchip Technology	87,699		6,807,196
Microsoft	44,362		10,993,347
Texas Instruments	42,303		7,496,515
			48,306,436
REAL ESTATE — 12.6%
American Tower, Cl A ‡	51,310		11,462,141
Equinix ‡	7,112		5,249,581
Iron Mountain ‡	97,331		5,312,326
Prologis ‡	40,423		5,225,885
VICI Properties, Cl A ‡	357,506		12,219,555
			39,469,488
UTILITIES — 10.0%
Brookfield Infrastructure Partners	255,638		9,034,247
Brookfield Renewable Partners	318,840		9,294,186
NextEra Energy	63,070		4,706,914
NextEra Energy Partners	81,908		6,003,857
Xcel Energy	33,294		2,289,628
			31,328,832
TOTAL COMMON STOCK (Cost $230,781,821)			300,633,593
CASH EQUIVALENT — 4.0%
First American Government Obligations Fund, Cl X, 4.140% (A)	12,660,740		12,660,740
TOTAL CASH EQUIVALENT (Cost $12,660,740)			12,660,740
TOTAL INVESTMENTS — 99.8% (Cost $243,442,561)		$	313,294,333

18

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS EQUITY INCOME FUND JANUARY 31, 2023 (Unaudited)     

Percentages are based on Net Assets of $314,028,932.

* Non-income producing security.

‡ Real Estate Investment Trust

(A) The rate reported is the 7-day effective yield as of January 31, 2023.

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-006-0900

19

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INTERNATIONAL GROWTH FUND JANUARY 31, 2023 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 95.8%	Shares		Value
AUSTRALIA — 3.5%
BHP Group	311,265	$	10,901,184
Woodside Energy Group	149,588		3,873,419
			14,774,603
BRAZIL — 1.8%
MercadoLibre *	6,378		7,536,819
CANADA — 4.8%
Brookfield	178,036		6,622,939
Canadian National Railway	54,462		6,485,880
Ritchie Bros Auctioneers	117,915		7,130,320
			20,239,139
CHINA — 8.2%
Alibaba Group Holding ADR *	74,691		8,230,948
Alibaba Group Holding *	235,000		3,230,937
Meituan, Cl B *	23,100		516,421
Tencent Holdings	236,000		11,500,025
Yum China Holdings	175,910		10,837,815
			34,316,146
DENMARK — 1.4%
Vestas Wind Systems	202,343		5,920,879
FRANCE — 5.9%
Air Liquide	60,865		9,691,258
Airbus	49,365		6,188,662
LVMH Moet Hennessy Louis Vuitton	10,206		8,909,551
			24,789,471
GERMANY — 5.4%
HeidelbergCement	98,108		6,731,891
Siemens	55,187		8,620,466
Symrise, Cl A	68,879		7,322,472
			22,674,829
HONG KONG — 2.6%
AIA Group	970,500		10,974,072

20

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INTERNATIONAL GROWTH FUND JANUARY 31, 2023 (Unaudited)

COMMON STOCK (continued)	Shares		Value
INDIA — 2.9%
HDFC Bank ADR	181,438	$	12,221,664
IRELAND — 2.0%
ICON PLC *	36,337		8,383,309
ITALY — 1.2%
Ferrari	20,419		5,102,363
JAPAN — 11.2%
Daikin Industries	39,000		6,774,094
FANUC	50,000		8,834,485
Nidec	79,000		4,378,089
Sony Group	84,000		7,505,533
Sysmex	89,000		5,908,273
Tokio Marine Holdings	269,000		5,634,128
Toyota Motor	551,000		8,091,833
			47,126,435
MEXICO — 1.2%
Fomento Economico Mexicano ADR	57,319		5,032,608
NETHERLANDS — 1.9%
ASML Holding	12,023		7,954,956
NORWAY — 1.5%
Equinor	207,435		6,321,927
SINGAPORE — 2.7%
DBS Group Holdings	415,000		11,361,153
SPAIN — 4.9%
Amadeus IT Group *	162,267		10,223,421
Banco Santander	2,910,229		10,171,032
			20,394,453
SWEDEN — 2.8%
Assa Abloy, Cl B	287,671		6,776,453
Hexagon, Cl B	431,978		4,951,982
			11,728,435

21

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INTERNATIONAL GROWTH FUND JANUARY 31, 2023 (Unaudited)

COMMON STOCK (continued)	Shares		Value
SWITZERLAND — 8.3%
Alcon	108,182	$	8,163,258
Chubb	37,963		8,636,203
Julius Baer Group	141,538		9,078,865
Novartis	96,389		8,714,441
			34,592,767
TAIWAN — 1.6%
Taiwan Semiconductor Manufacturing ADR	71,936		6,670,625
UNITED KINGDOM — 18.4%
AstraZeneca PLC	73,253		9,597,046
BAE Systems PLC	1,055,208		11,170,469
Compass Group PLC	405,774		9,693,123
Diageo PLC	172,076		7,524,202
InterContinental Hotels Group PLC	131,579		9,134,677
Lloyds Banking Group PLC	18,476,363		12,024,317
London Stock Exchange Group PLC	80,613		7,379,704
Shell PLC	359,612		10,557,397
			77,080,935
UNITED STATES — 1.6%
Euronet Worldwide *	60,060		6,767,561
TOTAL COMMON STOCK (Cost $368,405,260)			401,965,149
CASH EQUIVALENT — 3.8%
First American Government Obligations Fund, Cl X, 4.140% (A)	15,814,239		15,814,239
TOTAL CASH EQUIVALENT (Cost $15,814,239)			15,814,239
TOTAL INVESTMENTS — 99.6% (Cost $384,219,499)		$	417,779,388

Percentages are based on Net Assets of $419,515,140.

* Non-income producing security.

(A) The rate reported is the 7-day effective yield as of January 31, 2023.

22

THE ADVISORS’ INNER CIRCLE FUND CIBC ATLAS INTERNATIONAL GROWTH FUND JANUARY 31, 2023 (Unaudited)

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-007-0800

23