CAMX vs. XSD ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to SPDR S&P Semiconductor ETF (XSD)

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 ^*

* may have additional holdings in another (foreign) market

XSD

SPDR S&P Semiconductor ETF

XSD Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the semiconductor segment of a U.S. total market composite index. In seeking to track the performance of the S&P Semiconductor Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the semiconductors industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$235.63

Average Daily Volume

44,321

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	XSD
30 Days	1.56%	-2.73%
60 Days	3.04%	2.05%
90 Days	2.19%	-1.23%
12 Months	21.57%	19.08%

1 Overlapping Holdings

	Symbol	Grade	Weight in CAMX	Weight in XSD	Overlap
	TXN	C	4.0%	3.04%	3.04%

CAMX Overweight 23 Positions Relative to XSD

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%
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 36 Positions Relative to XSD

Symbol	Grade	Weight
CRDO	B	-4.33%
RMBS	B	-3.85%
INTC	C	-3.75%
MTSI	B	-3.68%
NVDA	B	-3.63%
MRVL	B	-3.59%
SITM	B	-3.55%
SMTC	B	-3.35%
LSCC	D	-3.33%
AMBA	B	-3.23%
MU	D	-3.21%
AVGO	D	-3.0%
PI	D	-2.9%
QCOM	F	-2.88%
NXPI	D	-2.87%
SLAB	F	-2.79%
ADI	D	-2.78%
ON	D	-2.76%
AMD	F	-2.69%
ALGM	D	-2.61%
POWI	F	-2.54%
FSLR	F	-2.52%
MCHP	F	-2.49%
SWKS	F	-2.42%
OLED	F	-2.35%
CRUS	D	-2.25%
SYNA	C	-2.24%
MPWR	F	-1.86%
QRVO	F	-1.82%
DIOD	D	-1.69%
WOLF	F	-1.57%
MXL	C	-1.31%
INDI	C	-1.14%
AOSL	C	-1.01%
CEVA	B	-0.29%
NVEC	B	-0.16%