http://www.sec.gov/Archives/edgar/data/878719/000113542815000822/acadian-497.txt497
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acadian-497.txt
THE ADVISORS' INNER CIRCLE FUND (THE "TRUST")
ACADIAN EMERGING MARKETS PORTFOLIO (THE "FUND")
SUPPLEMENT DATED OCTOBER 22, 2015
TO THE FUND'S SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI"),
EACH DATED MARCH 1, 2015
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE SUMMARY PROSPECTUS, PROSPECTUS AND SAI, AND SHOULD BE READ IN CONJUNCTION
WITH THE SUMMARY PROSPECTUS, PROSPECTUS AND SAI.
On August 25, 2015, the Fund supplemented its Summary Prospectus, Prospectus and
SAI in connection with the closing of the Fund to most new and additional
investments (the "August 25, 2015 Supplement"). Effective October 22, 2015 (the
"Effective Date"), the disclosure provided in the August 25, 2015 Supplement is
deleted and replaced with the following:
As of the Effective Date, the Fund will be closed to most new investments
because Acadian Asset Management LLC (the "Adviser") believes that the
implementation of the Fund's investment strategy may be adversely affected if
the size of the Fund is not limited.
While any existing shareholder may continue to purchase Fund shares and reinvest
Fund dividends and distributions, other new investments in the Fund may only be
made by those investors within the following categories:
o Clients of certain broker-dealers or other financial intermediaries
designated by the Adviser based on their relationships with the Fund;
o Accounts of employee benefit plans sponsored by a business or other
organization, or an affiliate thereof, that is a Fund shareholder as
of the Effective Date; and
o Trustees and officers of the Trust, employees of the Adviser, and
their immediate family members.
PLEASE RETAIN THIS SUPPLEMENT
FOR FUTURE REFERENCE.
ACA-SK-020-0100
