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

SCHEDULE OF INVESTMENTS
COMMON STOCK — 96.7%	Shares		Value
COMMUNICATION SERVICES — 9.4%
Alphabet, Cl A *	360,826	$	47,888,827
Alphabet, Cl C *	439,973		58,564,806
T-Mobile US *	149,716		20,626,373
Walt Disney *	211,175		18,771,346
			145,851,352
CONSUMER DISCRETIONARY — 9.1%
Amazon.com *	617,362		82,528,952
Home Depot	110,492		36,886,649
TJX	253,127		21,903,080
			141,318,681
CONSUMER STAPLES — 4.4%
Costco Wholesale	32,506		18,225,139
Dollar General	77,683		13,117,552
Mondelez International, Cl A	236,463		17,529,002
PepsiCo	103,874		19,472,220
			68,343,913
ENERGY — 4.6%
Cheniere Energy	35,323		5,717,381
Chevron	105,289		17,231,598
ConocoPhillips	175,499		20,659,742
Pioneer Natural Resources	127,246		28,715,605
			72,324,326
FINANCIALS — 15.3%
BlackRock, Cl A	19,927		14,723,064
Blackstone, Cl A	206,386		21,627,189
CME Group, Cl A	52,008		10,347,512
Fidelity National Information Services	176,009		10,627,423
Fiserv *	165,074		20,833,989
Intercontinental Exchange	196,120		22,514,576
JPMorgan Chase	136,222		21,517,627
PNC Financial Services Group	102,452		14,024,655
S&P Global	74,154		29,254,494
US Bancorp	408,570		16,212,058
Visa, Cl A	233,435		55,494,503
			237,177,090
HEALTH CARE — 13.7%
Abbott Laboratories	219,272		24,411,552

1

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

COMMON STOCK (continued)	Shares		Value
HEALTH CARE (continued)
AstraZeneca PLC ADR	410,017	$	29,398,219
Danaher	135,063		34,449,169
IQVIA Holdings *	90,650		20,283,844
Pfizer	190,407		6,866,076
Stryker	47,274		13,397,924
Thermo Fisher Scientific	43,495		23,863,967
UnitedHealth Group	95,064		48,137,557
Zoetis, Cl A	65,643		12,346,792
			213,155,100
INDUSTRIALS — 8.0%
Automatic Data Processing	49,843		12,324,180
Honeywell International	168,697		32,749,149
Otis Worldwide	246,860		22,454,385
RTX	333,371		29,313,312
Union Pacific	117,292		27,214,090
			124,055,116
INFORMATION TECHNOLOGY — 23.7%
Adobe *	47,670		26,035,924
Analog Devices	123,051		24,552,366
Apple	327,639		64,364,681
Cisco Systems	552,140		28,733,365
Microsoft	368,214		123,690,447
QUALCOMM	138,481		18,303,034
Roper Technologies	54,284		26,764,726
Salesforce *	146,687		33,006,042
TE Connectivity	157,524		22,603,119
			368,053,704
MATERIALS — 3.0%
Linde PLC	70,080		27,378,153
Martin Marietta Materials	44,156		19,713,888
			47,092,041
REAL ESTATE — 2.7%
American Tower, Cl A ‡	71,181		13,546,456
AvalonBay Communities ‡	40,634		7,665,604
Prologis ‡	111,843		13,952,414
VICI Properties, Cl A ‡	226,446		7,128,520
			42,292,994

2

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

COMMON STOCK (continued)	Shares		Value
UTILITIES — 2.8%
NextEra Energy	487,734	$	35,750,902
WEC Energy Group	83,676		7,519,126
			43,270,028
TOTAL COMMON STOCK (Cost $731,118,556)			1,502,934,345
CASH EQUIVALENT — 3.3%
First American Government Obligations Fund, Cl X, 5.180% (A)	51,648,561		51,648,561
TOTAL CASH EQUIVALENT (Cost $51,648,561)			51,648,561
TOTAL INVESTMENTS — 100.0% (Cost $782,767,117)		$	1,554,582,906

Percentages are based on Net Assets of $1,554,484,098.

* Non-income producing security.

‡ Real Estate Investment Trust

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

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-001-2000

3

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

SCHEDULE OF INVESTMENTS
COMMON STOCK — 96.6%	Shares		Value
COMMUNICATION SERVICES — 1.9%
Live Nation Entertainment *	45,691	$	4,009,385
Trade Desk, Cl A *	120,132		10,963,247
			14,972,632
CONSUMER DISCRETIONARY — 15.5%
Academy Sports & Outdoors	63,518		3,797,741
Aptiv PLC *	68,214		7,468,751
AutoZone *	8,803		21,846,581
Chipotle Mexican Grill, Cl A *	5,290		10,380,461
Domino’s Pizza	17,446		6,921,526
Five Below *	49,845		10,384,707
Floor & Decor Holdings, Cl A *	79,106		9,085,324
Marriott International, Cl A	54,829		11,065,041
Planet Fitness, Cl A *	101,813		6,876,450
Ross Stores	63,968		7,333,292
Tractor Supply	61,106		13,687,133
Ulta Beauty *	25,753		11,454,934
			120,301,941
CONSUMER STAPLES — 4.1%
Lamb Weston Holdings	43,471		4,504,899
Monster Beverage *	185,718		10,676,928
Sprouts Farmers Market *	189,503		7,437,993
US Foods Holding *	207,041		8,846,862
			31,466,682
ENERGY — 2.7%
Cheniere Energy	76,046		12,308,806
Diamondback Energy	56,041		8,255,960
			20,564,766
FINANCIALS — 8.1%
Ameriprise Financial	56,214		19,587,769
Ares Management, Cl A	130,767		12,974,702
FleetCor Technologies *	36,553		9,098,407
MSCI, Cl A	24,738		13,558,403
Tradeweb Markets, Cl A	95,551		7,815,116
			63,034,397
HEALTH CARE — 19.0%
Agilent Technologies	105,168		12,806,307
Align Technology *	47,053		17,780,858

4

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

COMMON STOCK (continued)	Shares		Value
HEALTH CARE (continued)
Alnylam Pharmaceuticals *	52,153	$	10,190,696
AmerisourceBergen, Cl A	71,709		13,402,412
Avantor *	500,664		10,298,659
Charles River Laboratories International *	41,999		8,800,471
Dexcom *	114,409		14,250,785
Edwards Lifesciences *	65,906		5,408,905
Humana	20,307		9,276,847
ICON PLC *	41,814		10,512,458
ResMed	65,991		14,673,099
Revvity	41,794		5,138,572
Veeva Systems, Cl A *	72,039		14,711,805
			147,251,874
INDUSTRIALS — 16.2%
AMETEK	72,552		11,506,747
Cintas	21,110		10,598,064
Copart *	125,617		11,103,287
Genpact	103,936		3,751,050
Howmet Aerospace	204,641		10,465,341
Hubbell, Cl B	32,768		10,223,616
IDEX	45,599		10,296,710
Ingersoll Rand	140,119		9,145,567
Masco	113,166		6,866,913
Oshkosh	52,245		4,810,197
Pentair PLC	56,122		3,900,479
Regal Rexnord	50,676		7,914,578
TransUnion	94,244		7,510,304
Waste Connections	66,460		9,382,158
WESCO International	21,471		3,769,664
Zurn Elkay Water Solutions	154,888		4,714,791
			125,959,466
INFORMATION TECHNOLOGY — 23.2%
Amphenol, Cl A	183,318		16,188,813
ANSYS *	38,676		13,231,060
BILL Holdings *	38,954		4,882,494
Cadence Design Systems *	101,720		23,803,497
Crowdstrike Holdings, Cl A *	81,926		13,244,157
Datadog, Cl A *	130,987		15,288,803
Enphase Energy *	66,921		10,160,615
Entegris	94,336		10,349,602
HubSpot *	11,984		6,957,311
Keysight Technologies *	62,682		10,096,817

5

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

COMMON STOCK (continued)	Shares		Value
INFORMATION TECHNOLOGY (continued)
KLA	15,415	$	7,922,539
Marvell Technology	111,597		7,268,313
Microchip Technology	151,028		14,187,570
ON Semiconductor *	54,193		5,839,296
Palo Alto Networks *	39,249		9,810,680
Roper Technologies	22,546		11,116,305
			180,347,872
MATERIALS — 3.8%
Berry Global Group	116,674		7,650,314
Crown Holdings	99,321		9,213,016
FMC	75,044		7,221,484
Livent *	207,410		5,106,434
			29,191,248
REAL ESTATE — 2.1%
CoStar Group *	80,306		6,743,295
SBA Communications, Cl A ‡	43,344		9,490,169
			16,233,464
TOTAL COMMON STOCK (Cost $478,632,931)			749,324,342
CASH EQUIVALENT — 3.4%
First American Government Obligations Fund, Cl X, 5.180% (A)	26,619,931		26,619,931
TOTAL CASH EQUIVALENT (Cost $26,619,931)			26,619,931
TOTAL INVESTMENTS — 100.0% (Cost $505,252,862)		$	775,944,273

Percentages are based on Net Assets of $775,669,381.

* Non-income producing security.

‡ Real Estate Investment Trust

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

Cl — Class

PLC — Public Limited Company

ATF-QH-002-1900

6

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

SCHEDULE OF INVESTMENTS
COMMON STOCK — 61.9%	Shares		Value
COMMUNICATION SERVICES — 0.4%
Alphabet, Cl A *	50	$	6,636
Walt Disney *	32,000		2,844,480
			2,851,116
CONSUMER DISCRETIONARY — 4.8%
Amazon.com *	64,300		8,595,624
Home Depot	37,907		12,654,873
Service International	69,046		4,601,916
Vail Resorts	23,414		5,513,763
			31,366,176
CONSUMER STAPLES — 4.0%
Dollar General	29,300		4,947,598
PepsiCo	59,126		11,083,760
Procter & Gamble	64,069		10,013,985
			26,045,343
ENERGY — 4.0%
Cheniere Energy	21,650		3,504,269
Chevron	53,809		8,806,381
EQT	100,000		4,218,000
Pioneer Natural Resources	42,250		9,534,557
			26,063,207
FINANCIALS — 10.4%
Ares Capital	324,545		6,361,082
Ares Management, Cl A	67,951		6,742,098
Blue Owl Capital, Cl A	419,872		5,172,823
CME Group, Cl A	28,709		5,711,943
Fidelity National Information Services	64,500		3,894,510
Golub Capital BDC	387,119		5,392,568
Hannon Armstrong Sustainable Infrastructure Capital ‡	52,008		1,357,929
JPMorgan Chase	60,438		9,546,787
S&P Global	21,397		8,441,330
US Bancorp	67,000		2,658,560
Visa, Cl A	50,932		12,108,064
			67,387,694
HEALTH CARE — 7.1%
Abbott Laboratories	31,000		3,451,230
Johnson & Johnson	64,386		10,786,587
Medtronic PLC	72,268		6,342,240

7

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

COMMON STOCK (continued)	Shares		Value
HEALTH CARE (continued)
Novartis ADR	69,438	$	7,284,046
Pfizer	81,250		2,929,875
UnitedHealth Group	30,430		15,408,839
			46,202,817
INDUSTRIALS — 8.2%
Automatic Data Processing	26,853		6,639,673
IDEX	25,004		5,646,153
Lockheed Martin	18,935		8,452,016
Republic Services, Cl A	51,088		7,719,908
Rollins	74,250		3,031,627
Triton International	43,503		3,667,738
Union Pacific	42,978		9,971,755
United Parcel Service, Cl B	42,892		8,026,380
			53,155,250
INFORMATION TECHNOLOGY — 16.9%
Apple	172,168		33,822,404
Broadcom	10,809		9,713,508
Cisco Systems	135,081		7,029,615
Microchip Technology	140,036		13,154,982
Microsoft	109,158		36,668,355
QUALCOMM	71,052		9,390,943
			109,779,807
MATERIALS — 1.3%
Linde PLC	21,314		8,326,740
REAL ESTATE — 3.0%
Crown Castle ‡	31,978		3,462,898
Invitation Homes ‡	120,395		4,274,022
Prologis ‡	52,126		6,502,718
VICI Properties, Cl A ‡	161,041		5,069,571
			19,309,209
UTILITIES — 1.8%
NextEra Energy	163,429		11,979,346
TOTAL COMMON STOCK (Cost $234,444,772)			402,466,705

8

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

CORPORATE OBLIGATIONS — 18.2%		Face Amount		Value
COMMUNICATION SERVICES — 2.2%
Comcast 2.937%, 11/01/56	$	6,111,000	$	3,935,800
Diamond Sports Group 5.375%, 08/15/26(A) (B)		4,500,000		140,625
Discovery Communications 3.800%, 03/13/24		3,150,000		3,110,492
T-Mobile USA 3.500%, 04/15/31		5,000,000		4,395,172
Verizon Communications 2.355%, 03/15/32		2,441,000		1,949,194
Warnermedia Holdings 3.428%, 03/15/24		1,000,000		984,420
				14,515,703
CONSUMER DISCRETIONARY — 2.6%
Amazon.com 3.150%, 08/22/27		3,300,000		3,113,347
Ford Motor Credit 7.350%, 11/04/27		3,000,000		3,074,328
6.950%, 03/06/26		2,000,000		2,019,720
General Motors 6.800%, 10/01/27		2,500,000		2,609,382
Meritage Homes 3.875%, 04/15/29(A)		5,000,000		4,471,067
Newell Brands 4.700%, 04/01/26		2,000,000		1,898,398
				17,186,242
ENERGY — 1.6%
Cheniere Energy Partners 4.500%, 10/01/29		5,000,000		4,648,445
DCP Midstream Operating 6.750%, 09/15/37(A)		1,500,000		1,598,512
Kinder Morgan MTN 7.800%, 08/01/31		1,400,000		1,590,731
Sabine Pass Liquefaction 5.750%, 05/15/24		273,000		272,470
5.625%, 03/01/25		2,000,000		1,994,499
				10,104,657
FINANCIALS — 6.2%
Ally Financial 2.200%, 11/02/28		5,000,000		4,069,296

9

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

CORPORATE OBLIGATIONS (continued)		Face Amount		Value
FINANCIALS (continued)
Ares Capital 3.875%, 01/15/26	$	5,000,000	$	4,669,947
Bank of America 8.631%, TSFR3M + 3.135%(C)(D)		2,000,000		2,004,999
3.950%, 04/21/25		5,750,000		5,568,104
Goldman Sachs Group 7.377%, TSFR3M + 2.012%, 10/28/27(C)		3,000,000		3,050,704
1.217%, 12/06/23		4,000,000		3,933,692
JPMorgan Chase 8.934%, TSFR3M + 3.562%(C)(D)		1,500,000		1,503,600
8.214%, TSFR3M + 2.842%(C)(D)		1,000,000		997,500
5.000%, TSFR3M + 3.380%(C)(D)		2,000,000		1,955,500
OneMain Finance 3.500%, 01/15/27		3,000,000		2,594,018
PNC Financial Services Group 9.312%, TSFR3M + 3.940%(C)(D)		2,500,000		2,513,708
Wells Fargo MTN 4.100%, 06/03/26		3,000,000		2,879,978
Western Union 2.850%, 01/10/25		4,500,000		4,296,094
				40,037,140
HEALTH CARE — 1.1%
AbbVie 4.250%, 11/21/49		3,500,000		3,002,584
HCA 5.375%, 02/01/25		3,050,000		3,031,919
5.000%, 03/15/24		1,250,000		1,243,634
				7,278,137
INDUSTRIALS — 1.2%
AerCap Ireland Capital DAC 3.000%, 10/29/28		2,000,000		1,744,959
Northrop Grumman 4.030%, 10/15/47		3,000,000		2,533,264
Quanta Services 2.900%, 10/01/30		3,750,000		3,185,331
				7,463,554
INFORMATION TECHNOLOGY — 2.0%
Apple 3.850%, 08/04/46		3,000,000		2,608,664

10

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

CORPORATE OBLIGATIONS (continued)		Face Amount		Value
INFORMATION TECHNOLOGY (continued)
Broadcom 3.469%, 04/15/34(A)	$	2,500,000	$	2,050,523
CommScope Technologies 6.000%, 06/15/25(A)		1,734,000		1,572,444
Kyndryl Holdings 2.050%, 10/15/26		1,000,000		871,093
Oracle 6.150%, 11/09/29		3,000,000		3,145,817
Salesforce 3.700%, 04/11/28		3,000,000		2,891,539
				13,140,080
MATERIALS — 0.3%
NOVA Chemicals 5.000%, 05/01/25(A)		2,000,000		1,920,625
REAL ESTATE — 1.0%
Boston Properties 2.750%, 10/01/26		1,000,000		902,048
Equinix 3.000%, 07/15/50		3,000,000		1,937,478
VICI Properties 5.125%, 05/15/32		4,000,000		3,764,036
				6,603,562
TOTAL CORPORATE OBLIGATIONS (Cost $133,866,579)				118,249,700
U.S. TREASURY OBLIGATIONS — 9.0%
U.S. Treasury Bonds 3.875%, 05/15/43		5,000,000		4,779,687
3.000%, 02/15/48		20,000,000		16,403,125
2.500%, 02/15/45		10,000,000		7,562,891
				28,745,703
U.S. Treasury Inflation Indexed Notes 0.500%, 01/15/28		12,329,500		11,578,893

11

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

U.S. TREASURY OBLIGATIONS (continued)		Face Amount			Value
U.S. Treasury Notes    2.000%, 08/15/25	$	10,000,000		$	9,447,266
1.625%, 05/15/31		10,000,000			8,441,797
					17,889,063
TOTAL U.S. TREASURY OBLIGATIONS (Cost $65,519,226)					58,213,659
MORTGAGE-BACKED SECURITIES — 6.1%
AGENCY MORTGAGE-BACKED OBLIGATIONS — 6.1%
FHLMC 5.000%, 03/01/38		8,874,216			8,811,379
1.500%, 06/01/31		6,798,938			6,134,187
FNMA 4.500%, 07/01/52		12,575,494			12,039,734
6.000%, 07/01/53		12,266,258			12,473,925
TOTAL MORTGAGE-BACKED SECURITIES (Cost $40,033,606)					39,459,225
PREFERRED STOCK — 0.3%	Shares
FINANCIALS — 0.3%
Wells Fargo, 7.500% (D)		1,700			2,004,283
TOTAL PREFERRED STOCK (Cost $2,066,538)					2,004,283
CASH EQUIVALENT — 3.9%
First American Government Obligations Fund, Cl X, 5.180% (E)		25,492,213			25,492,213
TOTAL CASH EQUIVALENT (Cost $25,492,213)					25,492,213
TOTAL INVESTMENTS — 99.4%    (Cost $501,422,934)				$	645,885,785
WRITTEN OPTIONS — (0.1%)		Contracts			Value
TOTAL WRITTEN OPTIONS — (0.1%) (Premiums Received $314,252)		(2,845	)	$	(662,715	)

12

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

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

Description	Contracts			Notional Amount			Exercise Price		Expiration Date		Value
WRITTEN OPTIONS — (0.1%)
Call Options
Amazon.com*		(643	)	$	(8,595,624	)	$	145		08/19/23	$	(118,955	)
EQT*		(1,000	)		(4,218,000	)		48		09/16/23		(40,000	)
Microchip Technology*		(300	)		(2,818,200	)		100		08/19/23		(35,100	)
Pioneer Natural Resources*		(422	)		(9,523,274	)		220		08/19/23		(400,900	)
Tractor Supply*		(80	)		(1,791,920	)		200		09/16/23		(10,160	)
Tractor Supply*		(80	)		(1,791,920	)		210		09/16/23		(20,800	)
Walt Disney*		(320	)		(2,844,480	)		95		08/19/23		(36,800	)
Total Written Options				$	(31,583,418	)					$	(662,715	)

Percentages are based on Net Assets of $649,669,951.

* Non-income producing security.

‡ Real Estate Investment Trust

(A) 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 July 31, 2023 was $11,753,796 which represents 1.8% of Net Assets.

(B) Security in default on interest payments.

(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 July 31, 2023.

ADR — American Depositary Receipt

BDC — Business Development Company

Cl — Class

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

MTN — Medium Term Note

PLC — Public Limited Company

TSFR3M — Term Secured Overnight Financing Rate 3 Month

ATF-QH-003-1900

13

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

SCHEDULE OF INVESTMENTS
COMMON STOCK** — 99.0%	Shares		Value
COMMUNICATION SERVICES — 4.0%
Live Nation Entertainment *	36,211	$	3,177,515
Meta Platforms, Cl A *	16,030		5,107,158
			8,284,673
CONSUMER DISCRETIONARY — 7.2%
Amazon.com *	39,904		5,334,366
Chipotle Mexican Grill, Cl A *	2,699		5,296,194
MercadoLibre *	3,519		4,356,698
			14,987,258
CONSUMER STAPLES — 1.3%
elf Beauty *	23,002		2,684,793
FINANCIALS — 18.5%
Ares Management, Cl A	28,021		2,780,244
Blackstone, Cl A	49,775		5,215,922
Brown & Brown	73,423		5,172,650
Charles Schwab	34,622		2,288,514
Goldman Sachs Group	6,361		2,263,689
Kinsale Capital Group	12,215		4,551,676
Mastercard, Cl A	22,226		8,763,267
S&P Global	18,998		7,494,901
			38,530,863
HEALTH CARE — 18.6%
AstraZeneca PLC ADR	48,564		3,482,039
Bio-Techne	16,869		1,406,874
Danaher	11,496		2,932,170
Edwards Lifesciences *	27,956		2,294,349
Eli Lilly	15,883		7,219,618
ICON PLC *	20,902		5,254,972
IDEXX Laboratories *	7,767		4,308,588
Intuitive Surgical *	18,262		5,924,193
Zoetis, Cl A	30,944		5,820,257
			38,643,060
INDUSTRIALS — 7.8%
Axon Enterprise *	3,622		673,438
Cintas	8,118		4,075,561
Howmet Aerospace	55,626		2,844,714
Paylocity Holding *	7,785		1,766,027

14

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

COMMON STOCK** (continued)	Shares		Value
INDUSTRIALS (continued)
TransDigm Group *	6,234	$	5,608,855
United Rentals	2,937		1,364,765
			16,333,360
INFORMATION TECHNOLOGY — 33.3%
Adobe *	3,571		1,950,373
Advanced Micro Devices *	34,030		3,893,032
Amphenol, Cl A	41,910		3,701,072
Apple	16,174		3,177,382
ASML Holding, Cl G	3,057		2,190,065
Dynatrace *	27,874		1,524,429
Entegris	39,220		4,302,826
Gartner *	9,292		3,285,558
Globant *	15,718		2,746,406
Intuit	3,410		1,744,897
Microchip Technology	28,659		2,692,227
Microsoft	13,255		4,452,620
Monolithic Power Systems	8,061		4,510,049
NVIDIA	12,545		5,862,153
Palo Alto Networks *	51,088		12,769,957
Roper Technologies	10,884		5,366,356
Workday, Cl A *	21,707		5,147,381
			69,316,783
MATERIALS — 6.1%
Martin Marietta Materials	14,933		6,666,987
Sherwin-Williams	22,023		6,089,360
			12,756,347
REAL ESTATE — 2.2%
CoStar Group *	54,610		4,585,602
TOTAL COMMON STOCK (Cost $123,372,807)			206,122,739

15

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

CASH EQUIVALENT — 1.2%	Shares		Value
First American Government Obligations Fund, Cl X, 5.180% (A)	2,573,040	$	2,573,040
TOTAL CASH EQUIVALENT (Cost $2,573,040)			2,573,040
TOTAL INVESTMENTS — 100.2% (Cost $125,945,847)		$	208,695,779

Percentages are based on Net Assets of $208,224,509.

* Non-income producing security.

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

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

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-005-1000

16

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

SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.1%	Shares		Value
COMMUNICATION SERVICES — 1.6%
Comcast, Cl A	114,812	$	5,196,391
CONSUMER DISCRETIONARY — 3.5%
Dick’s Sporting Goods	34,185		4,820,085
Home Depot	10,967		3,661,223
TJX	29,264		2,532,214
			11,013,522
ENERGY — 8.6%
Enterprise Products Partners	543,549		14,409,484
Magellan Midstream Partners	196,383		13,014,301
			27,423,785
FINANCIALS — 17.5%
AllianceBernstein Holding	62,330		2,006,403
Ares Management, Cl A	51,761		5,135,727
Blackstone, Cl A	115,632		12,117,077
Brookfield	180,080		6,284,792
Brookfield Asset Management, Cl A	45,020		1,518,074
Charles Schwab	99,313		6,564,589
CME Group, Cl A	47,460		9,442,642
Goldman Sachs Group	7,972		2,836,996
JPMorgan Chase	33,539		5,297,820
Morgan Stanley	47,096		4,312,110
			55,516,230
HEALTH CARE — 18.8%
Abbott Laboratories	108,398		12,067,949
AbbVie	27,250		4,076,055
AstraZeneca PLC ADR	178,297		12,783,895
Elevance Health	26,901		12,687,319
Eli Lilly	25,403		11,546,934
Johnson & Johnson	20,243		3,391,310
Merck	31,504		3,359,901
			59,913,363
INDUSTRIALS — 8.2%
Broadridge Financial Solutions	37,783		6,344,521
FTAI Aviation	37,905		1,220,920
L3Harris Technologies	44,122		8,360,678
Parker-Hannifin	14,290		5,859,043

17

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

COMMON STOCK (continued)	Shares		Value
INDUSTRIALS (continued)
Robert Half	40,525	$	3,004,929
Waste Management	7,615		1,247,261
			26,037,352
INFORMATION TECHNOLOGY — 17.0%
Accenture PLC, Cl A	9,003		2,848,099
Apple	68,853		13,526,172
Broadcom	1,464		1,315,624
International Business Machines	30,513		4,399,364
Microchip Technology	101,213		9,507,949
Microsoft	45,107		15,152,344
Texas Instruments	40,927		7,366,860
			54,116,412
REAL ESTATE — 12.6%
American Tower, Cl A ‡	44,260		8,423,121
Equinix ‡	11,667		9,449,337
Iron Mountain ‡	97,331		5,976,123
Prologis ‡	40,423		5,042,769
VICI Properties, Cl A ‡	358,929		11,299,085
			40,190,435
UTILITIES — 10.3%
Brookfield Infrastructure Partners	281,324		10,040,453
Brookfield Renewable Partners	345,999		10,085,871
NextEra Energy	83,588		6,127,000
NextEra Energy Partners	78,042		4,249,387
Xcel Energy	33,294		2,088,533
			32,591,244
TOTAL COMMON STOCK (Cost $226,600,093)			311,998,734
CASH EQUIVALENT — 1.8%
First American Government Obligations Fund, Cl X, 5.180% (A)	5,710,285		5,710,285
TOTAL CASH EQUIVALENT (Cost $5,710,285)			5,710,285
TOTAL INVESTMENTS — 99.9% (Cost $232,310,378)		$	317,709,019

18

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

Percentages are based on Net Assets of $318,129,420.

‡ Real Estate Investment Trust

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

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-006-1000

19

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

SCHEDULE OF INVESTMENTS
COMMON STOCK — 97.1%	Shares		Value
AUSTRALIA — 3.1%
BHP Group	381,024	$	11,775,514
Woodside Energy Group	190,156		4,852,378
			16,627,892
BRAZIL — 1.9%
MercadoLibre *	8,248		10,211,436
CANADA — 3.0%
Brookfield	221,116		7,716,948
Canadian National Railway	70,121		8,500,769
			16,217,717
CHINA — 7.5%
Alibaba Group Holding ADR *	74,691		7,630,433
Alibaba Group Holding *	490,000		6,125,864
Tencent Holdings	298,000		13,541,807
Yum China Holdings	214,321		13,077,867
			40,375,971
DENMARK — 1.3%
Vestas Wind Systems *	253,169		6,785,141
FRANCE — 6.4%
Air Liquide	76,107		13,669,972
Airbus	60,565		8,921,934
LVMH Moet Hennessy Louis Vuitton	12,727		11,867,805
			34,459,711
GERMANY — 5.8%
Heidelberg Materials	124,761		10,109,825
Siemens	68,767		11,717,987
Symrise, Cl A	86,746		9,478,634
			31,306,446
HONG KONG — 2.2%
AIA Group	1,225,000		12,157,484
INDIA — 2.8%
HDFC Bank ADR	221,063		15,094,182

20

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

COMMON STOCK (continued)	Shares		Value
IRELAND — 2.2%
ICON PLC *	48,234	$	12,126,510
ISRAEL — 0.9%
Check Point Software Technologies *	36,317		4,801,471
ITALY — 1.6%
Ferrari	26,492		8,487,926
JAPAN — 13.8%
Daikin Industries	49,000		9,881,630
FANUC *	314,000		9,596,682
NIDEC CORP	210,000		12,477,630
Shiseido	134,000		5,868,063
Sony Group	104,000		9,733,666
Sysmex	109,000		7,374,442
Tokio Marine Holdings	338,000		7,742,888
Toyota Motor	707,000		11,857,463
			74,532,464
MEXICO — 1.6%
Fomento Economico Mexicano ADR	75,636		8,565,777
NETHERLANDS — 2.0%
ASML Holding	15,102		10,829,604
NORWAY — 1.5%
Equinor	258,782		7,874,492
SINGAPORE — 2.5%
DBS Group Holdings	526,000		13,551,991
SPAIN — 5.5%
Amadeus IT Group	205,939		14,767,830
Banco Santander	3,653,509		14,796,812
			29,564,642
SWEDEN — 2.6%
Assa Abloy, Cl B	363,632		8,739,825
Hexagon, Cl B	533,425		5,166,313
			13,906,138

21

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

COMMON STOCK (continued)	Shares		Value
SWITZERLAND — 7.9%
Alcon	135,036	$	11,465,014
Chubb	57,462		11,745,807
Julius Baer Group	95,650		6,756,539
Novartis	118,515		12,376,769
			42,344,129
TAIWAN — 1.7%
Taiwan Semiconductor Manufacturing ADR	92,573		9,178,613
UNITED KINGDOM — 18.1%
AstraZeneca PLC	91,927		13,196,641
BAE Systems PLC	1,003,659		11,996,869
Compass Group PLC	497,868		12,951,302
Diageo PLC	216,500		9,439,801
InterContinental Hotels Group PLC	164,835		12,176,310
Lloyds Banking Group PLC	16,878,694		9,733,501
London Stock Exchange Group PLC	134,800		14,638,898
Shell PLC	440,257		13,368,002
			97,501,324
UNITED STATES — 1.2%
Euronet Worldwide *	75,771		6,657,998
TOTAL COMMON STOCK (Cost $472,278,509)			523,159,059
CASH EQUIVALENT — 2.6%
First American Government Obligations Fund, Cl X, 5.180% (A)	13,915,037		13,915,037
TOTAL CASH EQUIVALENT (Cost $13,915,037)			13,915,037
TOTAL INVESTMENTS — 99.7% (Cost $486,193,546)		$	537,074,096

Percentages are based on Net Assets of $538,546,527.

* Non-income producing security.

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

22

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

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

ATF-QH-007-0900

23