# Democracy International Fund

Democracy International Fund is a ETF series of ADVISORS' INNER CIRCLE III (series S000071338). Net assets $10.9M as of 2025-12-31. Index fund.

## Profile

- Series ID: S000071338
- Registrant: ADVISORS' INNER CIRCLE III
- LEI: 549300FF6GUXODG6A157
- Net assets: $10.9M
- Total assets: $11.0M
- As of: 2025-12-31
- Type: ETF, Index

## Advisers

- [Vident Advisory, LLC (Subadvisor)](https://search.stillhousedata.com/firm/286622)
- [Democracy Investment Management LLC (Advisor)](https://search.stillhousedata.com/firm/312074)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [Vanguard Pacific Stock Index Fund](https://search.stillhousedata.com/security/922042866) | — | $2.2M | 1996.52% |
| [Vanguard International Equity Index Funds - Vanguard Emerging Markets Stock Inde](https://search.stillhousedata.com/security/922042858) | — | $877K | 807.14% |
| [iShares, Inc - iShares MSCI Japan ETF](https://search.stillhousedata.com/security/46434G822) | — | $572K | 526.38% |
| [iShares Inc - iShares MSCI Australia ETF](https://search.stillhousedata.com/security/464286103) | — | $487K | 447.88% |
| [iShares Inc - iShares MSCI Taiwan ETF](https://search.stillhousedata.com/security/46434G772) | — | $475K | 437.27% |
| [iShares Trust - iShares MSCI India ETF](https://search.stillhousedata.com/security/46429B598) | — | $306K | 281.74% |
| ASML Holding N.V. | — | $203K | 187.23% |
| HSBC HOLDINGS PLC | — | $123K | 113.41% |
| SAP SE | — | $120K | 110.35% |
| Roche Holding AG | — | $120K | 110.18% |
| Novartis AG | — | $110K | 101.47% |
| ASTRAZENECA PLC | — | $110K | 101.40% |
| Siemens Aktiengesellschaft | — | $106K | 97.97% |
| Nestle S.A. | — | $106K | 97.87% |
| [BANQUE ROYALE DU CANADA](https://search.stillhousedata.com/security/780087102) | — | $103K | 95.20% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2025-12-31 | $10.9M |
| 2025-09-30 | $10.5M |
| 2025-06-30 | $10.5M |
| 2025-03-31 | $9.0M |
| 2024-12-31 | $8.6M |
| 2024-09-30 | $8.7M |
| 2024-06-30 | $7.6M |
| 2024-03-31 | $7.7M |

## More

- [Registrant: ADVISORS' INNER CIRCLE III](https://search.stillhousedata.com/registrant/1593547)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000071338.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.