0001752724-23-220824.txt : 20230928 0001752724-23-220824.hdr.sgml : 20230928 20230928094122 ACCESSION NUMBER: 0001752724-23-220824 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230731 FILED AS OF DATE: 20230928 DATE AS OF CHANGE: 20230928 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORS' INNER CIRCLE FUND CENTRAL INDEX KEY: 0000878719 IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06400 FILM NUMBER: 231286659 BUSINESS ADDRESS: STREET 1: 1 FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19087 BUSINESS PHONE: 8009327781 MAIL ADDRESS: STREET 1: 1 FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: ADVISORS INNER CIRCLE FUND DATE OF NAME CHANGE: 19920929 0000878719 S000005703 RICE HALL JAMES SMALL CAP PORTFOLIO C000015667 INSTITUTIONAL CLASS SHARES RHJMX NPORT-P 1 primary_doc.xml NPORT-P false 0000878719 XXXXXXXX S000005703 C000015667 ADVISORS' INNER CIRCLE FUND 811-06400 0000878719 549300LRWL70Z8CGWD77 ONE FREEDOM VALLEY DRIVE OAKS 19456 8774463863 Rice Hall James Small Cap Portfolio S000005703 5493006TERZYK5ZUFP95 2023-10-31 2023-07-31 N 14491179.72 21251.71 14469928.01 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 0.00000000 N FOX FACTORY HOLDING CORP. 529900GE1HSV0617R721 FOX FACTORY HOLDING CORP COMMON STOCK 35138V102 1500.00000000 NS USD 167850.00000000 1.159991949400 Long EC US N 1 N N N AVID BIOSERVICES, INC. 549300GRUS3ZMGP8MX22 AVID BIOSERVICES INC COMMON STOCK 05368M106 10100.00000000 NS USD 127866.00000000 0.883667146869 Long EC US N 1 N N N TETRA TECH, INC. 549300UJ1LP7JGJC5P32 TETRA TECH INC COMMON STOCK 88162G103 2000.00000000 NS USD 338420.00000000 2.338781504414 Long EC US N 1 N N N Progyny Inc N/A PROGYNY INC COMMON STOCK 74340E103 5300.00000000 NS USD 221328.00000000 1.529572226254 Long EC US N 1 N N N PAPA JOHN'S INTERNATIONAL, INC. HZYLD3DK5XOX0WBVNB56 PAPA JOHN'S INTL INC COMMON STOCK 698813102 2800.00000000 NS USD 231560.00000000 1.600284395609 Long EC US N 1 N N N API GROUP CORPORATION 213800NZT1VX6PZ7BT53 API GROUP CORP COMMON STOCK 00187Y100 10700.00000000 NS USD 307732.00000000 2.126700283424 Long EC US Y 1 N N N IPG PHOTONICS CORPORATION 5493002KZ51CADQ94G15 IPG PHOTONICS CORP COMMON STOCK 44980X109 2000.00000000 NS USD 262900.00000000 1.816871513239 Long EC US N 1 N N N A10 NETWORKS, INC. 549300UQD4IWUML81Q35 A10 NETWORKS INC COMMON STOCK 002121101 15600.00000000 NS USD 242112.00000000 1.673208047978 Long EC US N 1 N N N BOWLERO CORP. N/A BOWLERO CORP COMMON STOCK 10258P102 20600.00000000 NS USD 249878.00000000 1.726877976361 Long EC US N 1 N N N TANDEM DIABETES CARE, INC. 549300JEPFOD0K4D3I05 TANDEM DIABETES CARE INC COMMON STOCK 875372203 3000.00000000 NS USD 104760.00000000 0.723984251529 Long EC US N 1 N N N STAAR SURGICAL COMPANY 5299006LRHI7OJ8BY308 STAAR SURGICAL CO COMMON STOCK 852312305 3800.00000000 NS USD 208126.00000000 1.438334730180 Long EC US N 1 N N N WNS (HOLDINGS) LIMITED 529900RM7QHUD3W9DM42 WNS HOLDINGS LTD-ADR DEPOSITARY RECEIPT 92932M101 3944.00000000 NS USD 272569.84000000 1.883698659811 Long EC US N 1 N N N VICOR CORPORATION 5299005KMQOTR6B51F09 VICOR CORP COMMON STOCK 925815102 3098.00000000 NS USD 285852.46000000 1.975493311386 Long EC US N 1 N N N RAMBUS INC. 2549000211GDCQSLV833 RAMBUS INC COMMON STOCK 750917106 5000.00000000 NS USD 313050.00000000 2.163452366754 Long EC US N 1 N N N FABRINET 5493004TETZ6IYF7CV44 FABRINET COMMON STOCK G3323L100 2100.00000000 NS USD 259644.00000000 1.794369673577 Long EC US N 1 N N N ICF INTERNATIONAL, INC. 5493003KYFDDC5B3WY64 ICF INTERNATIONAL INC COMMON STOCK 44925C103 3000.00000000 NS USD 352770.00000000 2.437952695799 Long EC US N 1 N N N VIAVI SOLUTIONS INC. 5493006K3E3N1QOBF092 VIAVI SOLUTIONS INC COMMON STOCK 925550105 17600.00000000 NS USD 191312.00000000 1.322135119592 Long EC US N 1 N N N GATX CORPORATION 549300IHYHCQP2PIR591 GATX CORP COMMON STOCK 361448103 1900.00000000 NS USD 238184.00000000 1.646062093988 Long EC US N 1 N N N Harmony Biosciences Holdings Inc N/A HARMONY BIOSCIENCES HOLDINGS COMMON STOCK 413197104 6300.00000000 NS USD 222831.00000000 1.539959285533 Long EC US N 1 N N N NAPCO SECURITY TECHNOLOGIES, INC. 529900KV21J4YY9YST76 NAPCO SECURITY TECHNOLOGIES COMMON STOCK 630402105 6400.00000000 NS USD 239872.00000000 1.657727666884 Long EC US N 1 N N N DocGo Inc. N/A DOCGO INC COMMON STOCK 256086109 16500.00000000 NS USD 138435.00000000 0.956708284272 Long EC US N 1 N N N MODEL N, INC. 549300WCIL3W0EYSBN94 MODEL N INC COMMON STOCK 607525102 7313.00000000 NS USD 243669.16000000 1.683969400757 Long EC US N 1 N N N N/A N/A FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X 31846V336 658847.90000000 PA USD 658847.90000000 4.553221685309 Long STIV US N 2 N N N Primo Water Corporation N/A PRIMO WATER CORP COMMON STOCK 74167P108 13900.00000000 NS USD 196963.00000000 1.361188527433 Long EC US N 1 N N N Mativ Holdings, Inc. 549300Z1FU4IDULG1R21 MATIV HOLDINGS INC COMMON STOCK 808541106 8700.00000000 NS USD 136938.00000000 0.946362690300 Long EC US N 1 N N N THE ENSIGN GROUP, INC. 5493003K4HEEA8Q0BC72 ENSIGN GROUP INC/THE COMMON STOCK 29358P101 2900.00000000 NS USD 280923.00000000 1.941426383088 Long EC US N 1 N N N POWER INTEGRATIONS, INC. 54930085LGXSCIHD5W31 POWER INTEGRATIONS INC COMMON STOCK 739276103 3100.00000000 NS USD 301134.00000000 2.081102268040 Long EC US N 1 N N N GRIFFON CORPORATION 5493000C2SGNC7ZN3242 GRIFFON CORP COMMON STOCK 398433102 8800.00000000 NS USD 367136.00000000 2.537234461334 Long EC US N 1 N N N NEOGEN CORPORATION 549300HJT9FC36N4UW43 NEOGEN CORP COMMON STOCK 640491106 8100.00000000 NS USD 187839.00000000 1.298133618012 Long EC US N 1 N N N CONSTRUCTION PARTNERS, INC. 549300MHLFL4E8JLZU44 CONSTRUCTION PARTNERS INC-A COMMON STOCK 21044C107 9400.00000000 NS USD 276360.00000000 1.909892017493 Long EC US N 1 N N N FIVE BELOW, INC. 529900AAXP5Z6BGI7418 FIVE BELOW COMMON STOCK 33829M101 1500.00000000 NS USD 312510.00000000 2.159720489169 Long EC US N 1 N N N PowerSchool Holdings Inc N/A POWERSCHOOL HOLDINGS INC-A COMMON STOCK 73939C106 13800.00000000 NS USD 333546.00000000 2.305097853766 Long EC US N 1 N N N Zuora Inc 549300ISVGC1YZWQJ420 ZUORA INC - CLASS A COMMON STOCK 98983V106 21300.00000000 NS USD 249849.00000000 1.726677560713 Long EC US N 1 N N N HELIX ENERGY SOLUTIONS GROUP, INC. 416AP2JOUTCWEGSOZW41 HELIX ENERGY SOLUTIONS GROUP COMMON STOCK 42330P107 34000.00000000 NS USD 326400.00000000 2.255712673721 Long EC US N 1 N N N ALBANY INTERNATIONAL CORP. L73WCPNCZIRSQGZTW097 ALBANY INTL CORP-CL A COMMON STOCK 012348108 3800.00000000 NS USD 365864.00000000 2.528443816355 Long EC US N 1 N N N LANTHEUS HOLDINGS, INC. 5299005HUB5IOJGO7S39 LANTHEUS HOLDINGS INC COMMON STOCK 516544103 2900.00000000 NS USD 250821.00000000 1.733394940366 Long EC US N 1 N N N REDEVANCES AURIFERES OSISKO LTEE 549300TJZTXZMPQ6K004 OSISKO GOLD ROYALTIES LTD COMMON STOCK 68827L101 17800.00000000 NS USD 263796.00000000 1.823063665677 Long EC US N 1 N N N AXCELIS TECHNOLOGIES, INC. 529900HF9B6NL1QG9F05 AXCELIS TECHNOLOGIES INC COMMON STOCK 054540208 1700.00000000 NS USD 340816.00000000 2.355339983477 Long EC US N 1 N N N CLEAN ENERGY FUELS CORP. 549300MTQB4VUAOPMF71 CLEAN ENERGY FUELS CORP COMMON STOCK 184499101 39300.00000000 NS USD 193749.00000000 1.338976944917 Long EC US N 1 N N N HAEMONETICS CORPORATION 549300ZEL6TXZS6F5F95 HAEMONETICS CORP/MASS COMMON STOCK 405024100 3200.00000000 NS USD 295168.00000000 2.039871931608 Long EC US N 1 N N N HUB GROUP, INC. N/A HUB GROUP INC-CL A COMMON STOCK 443320106 2200.00000000 NS USD 198286.00000000 1.370331627517 Long EC US N 1 N N N COLUMBIA BANKING SYSTEM, INC. N/A COLUMBIA BANKING SYSTEM INC COMMON STOCK 197236102 8930.00000000 NS USD 199585.50000000 1.379312321817 Long EC US N 1 N N N NEXTGEN HEALTHCARE, INC. 549300N5HIPS1URF0F20 NEXTGEN HEALTHCARE INC COMMON STOCK 65343C102 15700.00000000 NS USD 261091.00000000 1.804369723329 Long EC US N 1 N N N ENCOMPASS HEALTH CORPORATION 549300FVRPM9DRQZRG64 ENCOMPASS HEALTH CORP COMMON STOCK 29261A100 3400.00000000 NS USD 224502.00000000 1.551507373394 Long EC US N 1 N N N V2X, INC. N/A V2X INC COMMON STOCK 92242T101 3800.00000000 NS USD 195548.00000000 1.351409625983 Long EC US N 1 N N N Live Oak Bancshares, Inc. N/A LIVE OAK BANCSHARES INC COMMON STOCK 53803X105 6000.00000000 NS USD 227220.00000000 1.570291157239 Long EC US N 1 N N N PACIRA BIOSCIENCES, INC. 549300P56LERYBDHCF69 PACIRA BIOSCIENCES INC COMMON STOCK 695127100 3700.00000000 NS USD 134495.00000000 0.929479399669 Long EC US N 1 N N N CHUY'S HOLDINGS, INC. N/A CHUY'S HOLDINGS INC COMMON STOCK 171604101 6800.00000000 NS USD 282812.00000000 1.954481043751 Long EC US N 1 N N N TOPGOLF CALLAWAY BRANDS CORP. 5493005UB0KFRKBPCU72 TOPGOLF CALLAWAY BRANDS CORP COMMON STOCK 131193104 9100.00000000 NS USD 181727.00000000 1.255894292455 Long EC US N 1 N N N MATERION CORPORATION 549300CJ5RI351SUYT02 MATERION CORP COMMON STOCK 576690101 2300.00000000 NS USD 274022.00000000 1.893734369726 Long EC US N 1 N N N SKYLINE CHAMPION CORPORATION N/A SKYLINE CHAMPION CORP COMMON STOCK 830830105 2700.00000000 NS USD 188082.00000000 1.299812962925 Long EC US N 1 N N N AZENTA, INC. 35ZN6X1ANPH25YN32Y17 AZENTA INC COMMON STOCK 114340102 3800.00000000 NS USD 178524.00000000 1.233758729667 Long EC US N 1 N N N OMNICELL, INC. 5493008RH0GTKHHPZI77 OMNICELL INC COMMON STOCK 68213N109 4200.00000000 NS USD 265230.00000000 1.832973873931 Long EC US N 1 N N N PROS HOLDINGS, INC. 549300LPE1KNL5RWKQ48 PROS HOLDINGS INC COMMON STOCK 74346Y103 8900.00000000 NS USD 338200.00000000 2.337261109842 Long EC US N 1 N N N PROGRESS SOFTWARE CORPORATION 549300R65B3JG6972S24 PROGRESS SOFTWARE CORP COMMON STOCK 743312100 5400.00000000 NS USD 324324.00000000 2.241365677672 Long EC US N 1 N N N DENBURY INC. 549300KCWA5W52MS5559 DENBURY INC COMMON STOCK 24790A101 2900.00000000 NS USD 254939.00000000 1.761853962395 Long EC US N 1 N N N ABCAM PLC 213800B9N83DSNT33F79 ABCAM PLC-SPON ADR DEPOSITARY RECEIPT 000380204 8055.00000000 NS USD 188809.20000000 1.304838558073 Long EC US N 1 N N N 2023-07-31 THE ADVISORS' INNER CIRCLE FUND Andy Metzger Andy Metzger CFO XXXX NPORT-EX 2 AIC_RHJ_7.31.23_Schedule_F.htm SCHEDULE F HTML
THE ADVISORS’ INNER CIRCLE FUND   

RHJ SMALL CAP PORTFOLIO                

JULY 31, 2023 (Unaudited)

 

 

  SCHEDULE OF INVESTMENTS

 

  COMMON STOCK†† — 95.5%

 

             Shares              Value  

CONSUMER DISCRETIONARY — 11.2%

      

Bowlero*

      20,600      $ 249,878   

Chuy’s Holdings*

      6,800        282,812   

Five Below*

      1,500        312,510   

Fox Factory Holding*

      1,500        167,850   

Papa John’s International

      2,800        231,560   

Skyline Champion*

      2,700        188,082   

Topgolf Callaway Brands*

      9,100        181,727   
     

 

 

  
                  1,614,419   
     

 

 

  

CONSUMER STAPLES — 1.4%

      

Primo Water

      13,900        196,963   
     

 

 

  

ENERGY — 5.3%

      

Clean Energy Fuels*

      39,300        193,749   

Denbury*

      2,900        254,939   

Helix Energy Solutions Group*

      34,000        326,400   
     

 

 

  
        775,088   
     

 

 

  

FINANCIALS — 2.9%

      

Columbia Banking System

      8,930        199,586   

Live Oak Bancshares

      6,000        227,220   
     

 

 

  
        426,806   
     

 

 

  

HEALTH CARE — 22.7%

      

Abcam ADR*

      8,055        188,809   

Avid Bioservices*

      10,100        127,866   

Azenta*

      3,800        178,524   

DocGo*

      16,500        138,435    

Encompass Health

      3,400        224,502   

Ensign Group

      2,900        280,923   

Haemonetics*

      3,200        295,168   

Harmony Biosciences Holdings*

      6,300        222,831   

Lantheus Holdings*

      2,900        250,821   

Neogen*

      8,100        187,839   

 

1

THE ADVISORS’ INNER CIRCLE FUND   

RHJ SMALL CAP PORTFOLIO                

JULY 31, 2023 (Unaudited)

 

 

  COMMON STOCK†† — continued

 

             Shares              Value  

HEALTH CARE — continued

      

NextGen Healthcare*

      15,700      $ 261,091   

Omnicell*

      4,200        265,230   

Pacira BioSciences*

      3,700        134,495   

Progyny*

      5,300        221,328   

STAAR Surgical*

      3,800        208,126   

Tandem Diabetes Care*

      3,000        104,760   
     

 

 

  
                  3,290,748   
     

 

 

  

INDUSTRIALS — 22.1%

      

Albany International, Cl A

      3,800        365,864   

API Group*

      10,700        307,732   

Construction Partners, Cl A*

      9,400        276,360   

GATX

      1,900        238,184   

Griffon

      8,800        367,136   

Hub Group, Cl A*

      2,200        198,286   

ICF International

      3,000        352,770   

Tetra Tech

      2,000        338,420   

V2X*

      3,800        195,548   

Vicor*

      3,098        285,852   

WNS Holdings ADR*

      3,944        272,570   
     

 

 

  
        3,198,722   
     

 

 

  

INFORMATION TECHNOLOGY — 25.2%

      

A10 Networks

      15,600        242,112   

Axcelis Technologies*

      1,700        340,816   

Fabrinet*

      2,100        259,644   

IPG Photonics*

      2,000        262,900   

Model N*

      7,313        243,669   

Napco Security Technologies

      6,400        239,872   

Power Integrations

      3,100        301,134   

PowerSchool Holdings, Cl A*

      13,800        333,546   

Progress Software

      5,400        324,324   

PROS Holdings*

      8,900        338,200   

Rambus*

      5,000        313,050   

 

2

THE ADVISORS’ INNER CIRCLE FUND   

RHJ SMALL CAP PORTFOLIO                

JULY 31, 2023 (Unaudited)

 

 

  COMMON STOCK†† — continued    

 

             Shares              Value  

INFORMATION TECHNOLOGY — continued

      

Viavi Solutions*

      17,600      $ 191,312   

Zuora, Cl A*

      21,300        249,849   
     

 

 

  
                  3,640,428   
     

 

 

  

MATERIALS — 4.7%

      

Materion

      2,300        274,022   

Mativ Holdings

      8,700        136,938   

Osisko Gold Royalties

      17,800        263,796   
     

 

 

  
        674,756   
     

 

 

  

TOTAL COMMON STOCK
(Cost $11,086,823)

         13,817,930   
     

 

 

  
          
  SHORT-TERM INVESTMENT(A) — 4.5%      

First American Government Obligations

    Fund, Cl X , 5.252%

    (Cost $658,848)

      658,848        658,848   
     

 

 

  

TOTAL INVESTMENTS— 100.0%

        (Cost $11,745,671)

       $ 14,476,778   
     

 

 

  

 

 

Percentages are based on Net Assets of $14,469,928.

*

Non-income producing security.

†† 

Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)

The rate reported is the 7-day effective yield as of July 31, 2023.

 

ADR            American Depositary Receipt
Cl    Class

RHJ-QH-002-4000

 

3

THE ADVISORS’ INNER CIRCLE FUND   

RHJ MICRO CAP PORTFOLIO                

JULY 31, 2023 (Unaudited)

 

 

  SCHEDULE OF INVESTMENTS

 

  COMMON STOCK†† — 95.5%

 

             Shares              Value  

COMMUNICATION SERVICES — 1.6%

      

Entravision Communications, Cl A

      33,900      $ 162,042  

Thryv Holdings*

      14,093        334,004  
     

 

 

  
        496,046  
     

 

 

  

CONSUMER DISCRETIONARY — 9.9%

      

Chuy’s Holdings*

      12,438        517,297  

Green Brick Partners*

      11,246        635,624  

Johnson Outdoors, Cl A

      3,891        230,036  

Lindblad Expeditions Holdings*

      30,544        361,030  

ONE Group Hospitality*

      35,220        259,571  

XPEL*

      5,601        454,970  

Xponential Fitness, Cl A*

      13,736        290,104  

Zumiez*

      15,127        285,295  
     

 

 

  
                  3,033,927  
     

 

 

  

CONSUMER STAPLES — 2.0%

      

elf Beauty*

      5,249        612,663  
     

 

 

  

ENERGY — 1.9%

      

Clean Energy Fuels*

      56,918        280,606  

DMC Global*

      15,638        294,932  
     

 

 

  
        575,538  
     

 

 

  

FINANCIALS — 4.0%

      

Federal Agricultural Mortgage, Cl C

      3,627        583,040  

Live Oak Bancshares

      9,906        375,141  

Trico Bancshares

      7,516        280,948  
     

 

 

  
        1,239,129  
     

 

 

  

HEALTH CARE — 24.2%

      

Accuray*

      78,578        334,742  

AngioDynamics*

      22,059        191,693  

ANI Pharmaceuticals*

      9,200        483,460  

Avid Bioservices*

      17,100        216,486  

Cerus*

      64,910        199,274  

Computer Programs & Systems*

      14,840        389,105  

DocGo*

      51,496        432,052  

iRadimed

      8,549        375,558  

 

4

THE ADVISORS’ INNER CIRCLE FUND   

RHJ MICRO CAP PORTFOLIO                

JULY 31, 2023 (Unaudited)

 

 

  COMMON STOCK†† — continued

 

             Shares              Value  

HEALTH CARE — continued

      

LeMaitre Vascular

      9,411      $ 595,057  

Mesa Laboratories

      2,261        290,900  

NextGen Healthcare*

      25,504        424,132  

Pennant Group*

      33,703        386,910  

Simulations Plus

      11,343        564,881  

Surmodics*

      9,607        308,096  

Tactile Systems Technology*

      18,455        422,804  

U.S. Physical Therapy

      3,784        439,966  

UFP Technologies*

      4,911        956,000  

Utah Medical Products

      4,330        425,769  
     

 

 

  
                  7,436,885  
     

 

 

  

INDUSTRIALS — 28.9%

      

AerSale*

      20,438        306,775  

Alamo Group

      2,778        538,265  

Allied Motion Technologies

      10,080        392,112  

CBIZ*

      8,146        430,842  

Construction Partners, Cl A*

      15,498        455,641  

CRA International

      3,014        301,671  

Douglas Dynamics

      13,114        407,190  

Ducommun*

      7,651        383,621  

Energy Recovery*

      19,447        592,745  

Exponent

      4,156        372,294  

Healthcare Services Group

      21,726        273,965  

Huron Consulting Group*

      4,759        450,059  

Karat Packaging

      11,431        232,392  

Liquidity Services*

      27,428        460,242  

Montrose Environmental Group*

      9,873        399,560  

MYR Group*

      2,604        371,226  

Quest Resource Holding*

      45,543        301,495  

Radiant Logistics*

      50,164        386,263  

Shyft Group

      11,250        162,337  

Sterling Infrastructure*

      9,767        585,923  

Thermon Group Holdings*

      19,912        549,770  

Transcat*

      2,500        209,700  

Vicor*

      3,104        286,406  
     

 

 

  
        8,850,494  
     

 

 

  

 

5

THE ADVISORS’ INNER CIRCLE FUND   

RHJ MICRO CAP PORTFOLIO                

JULY 31, 2023 (Unaudited)

 

 

  COMMON STOCK†† — continued

 

             Shares              Value  

INFORMATION TECHNOLOGY — 19.5%

      

A10 Networks

      33,394      $ 518,275  

Axcelis Technologies*

      2,273        455,691  

Cambium Networks*

      19,278        312,303  

Clearfield*

      4,466        208,741  

Harmonic*

      34,905        520,783  

Luna Innovations*

      58,160        525,766  

MagnaChip Semiconductor*

      27,702        256,244  

Model N*

      9,924        330,668  

Napco Security Technologies

      10,158        380,722  

nLight*

      32,192        463,565  

Perficient*

      5,023        320,417  

PROS Holdings*

      18,495        702,810  

Vishay Precision Group*

      11,896        445,029  

Zuora, Cl A*

      45,172        529,867  
     

 

 

  
                  5,970,881  
     

 

 

  

MATERIALS — 3.5%

      

American Vanguard

      18,968        342,562  

Haynes International

      9,126        457,760  

Mativ

      17,340        272,932  
     

 

 

  
        1,073,254  
     

 

 

  

TOTAL COMMON STOCK

    (Cost $22,472,201)

         29,288,817  
     

 

 

  
          
  SHORT-TERM INVESTMENT(A) — 4.8%      

First American Government Obligations

    Fund, Cl X , 5.252%

    (Cost $1,457,368)

      1,457,368        1,457,368  
     

 

 

  

TOTAL INVESTMENTS— 100.3%

        (Cost $23,929,569)

       $ 30,746,185  
     

 

 

  

 

6

THE ADVISORS’ INNER CIRCLE FUND   

RHJ MICRO CAP PORTFOLIO                

JULY 31, 2023 (Unaudited)

 

 

 

Percentages are based on Net Assets of $30,659,308.

*

Non-income producing security.

†† 

Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)

The rate reported is the 7-day effective yield as of July 31, 2023.

 

Cl                Class

RHJ-QH-004-2600

 

7