Advisors Inner Circle Fund III

10/01/2025 | Press release | Distributed by Public on 10/01/2025 15:05

Prospectus by Investment Company (Form 497)

THE ADVISORS' INNER CIRCLE FUND III

Penn Mutual AM Strategic Income Fund

(the "Fund")

Supplement dated October 1, 2025 to the Fund's Prospectus and Statement of Additional Information, each dated May 1, 2025, as supplemented

This supplement provides new and additional information beyond that contained in the Prospectus and SAI, and should be read in conjunction with the Prospectus and SAI.

Mark Heppenstall no longer serves as a portfolio manager for the Fund. Accordingly, all references to Mr. Heppenstall contained in the Prospectus and SAI are hereby deleted.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

PNN-SK-009-0100

Advisors Inner Circle Fund III published this content on October 01, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 01, 2025 at 21:05 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]