CAMX vs. CMDT ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)

CAMX

The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF

CAMX Description

Under normal circumstances, the fund primarily invests in equity securities of companies located in the United States. The fund typically invests in a portfolio of 20-30 issuers that Cambiar Investors, the fund"s investment adviser, believes represent the best opportunities for long-term capital appreciation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.26

Average Daily Volume

311

Number of Holdings ^*

24

* may have additional holdings in another (foreign) market

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT Description

CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds

Grade (RS Rating)

Last Trade

$26.01

Average Daily Volume

48,669

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	CMDT
30 Days	1.56%	-1.54%
60 Days	3.04%	1.31%
90 Days	2.19%	2.97%
12 Months	21.57%	1.01%

0 Overlapping Holdings

	Symbol	Grade	Weight in CAMX	Weight in CMDT	Overlap

CAMX Overweight 24 Positions Relative to CMDT

	Symbol	Grade	Weight
	DAL	B	6.92%
	CME	B	5.18%
	AL	B	5.05%
	BMY	B	4.65%
	LH	B	4.59%
	CMCSA	B	4.29%
	MDT	D	4.19%
	GOOGL	C	4.11%
	TXN	C	4.0%
	ET	A	3.9%
	PPG	F	3.63%
	UNP	C	3.28%
	DEO	F	3.25%
	ELV	F	3.01%
	ABNB	C	2.94%
	UBER	F	2.86%
	CNC	D	2.78%
	CVX	A	2.53%
	CTVA	C	2.32%
	EL	F	2.23%
	GS	A	2.01%
	WAT	C	1.96%
	AXP	A	1.57%
	AMAT	F	1.25%

CAMX Underweight 1 Positions Relative to CMDT

	Symbol	Grade	Weight
	MINT	A	-5.05%

CAMX: Top Represented Industries & Keywords

Industries: Diagnostics & Research Health Care Plans Agricultural Inputs Airlines Beverages - Wineries & Distilleries Capital Markets Credit Services Drug Manufacturers - Major Financial Data & Stock Exchanges Household & Personal Products Internet Content & Information Internet Content & Information Medical Devices Oil & Gas Integrated Oil & Gas Midstream Pay TV Railroads Rental & Leasing Services Semiconductor Equipment & Materials Semiconductors

Keywords: S&P 500 Nasdaq 100 Crude Oil Dow Jones Component Natural Gas Atrial Fibrillation Aviation Chemical Computing Disease Eye Freight Transport Freight Transportation Freight Transportation Services Futures Exchange Futures Exchanges Gig Economy Hypertension Integrated Circuits Logic Products

CMDT: Top Represented Industries & Keywords

Industries:

Keywords: Asset And Liability Management Bond Bond Fund Bond Market Debt Securities ETF Exchange Traded Fund Fixed Income Interest Rate PIMCO