CSM vs. RAYD ETF Comparison

Comparison of ProShares Large Cap Core Plus (CSM) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.25

Average Daily Volume

6,630

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

RAYD

The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

RAYD Description

The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. The fund invests in public equity markets across global developed region. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantitative Developed Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.88

Average Daily Volume

6,165

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	CSM	RAYD
30 Days	3.66%	2.15%
60 Days	5.30%	5.88%
90 Days	5.46%	4.93%
12 Months	34.90%	33.74%

51 Overlapping Holdings

Symbol	Grade	Weight in CSM	Weight in RAYD	Overlap
AAPL	C	4.67%	5.33%	4.67%
ABBV	B	0.42%	0.51%	0.42%
ALL	C	0.39%	1.07%	0.39%
AMZN	C	2.49%	3.22%	2.49%
BKNG	B	0.51%	2.15%	0.51%
CMG	D	0.05%	0.37%	0.05%
COST	C	0.33%	2.43%	0.33%
CRWD	D	0.16%	0.45%	0.16%
DFS	C	0.15%	0.42%	0.15%
DIS	D	0.1%	0.21%	0.1%
DXCM	F	0.06%	0.19%	0.06%
FANG	F	0.29%	0.22%	0.22%
FTNT	B	0.28%	0.19%	0.19%
GOOG	D	0.99%	0.37%	0.37%
GOOGL	D	1.22%	2.68%	1.22%
GRMN	D	0.33%	0.3%	0.3%
HCA	B	0.19%	0.88%	0.19%
HIG	B	0.36%	0.3%	0.3%
HPQ	C	0.32%	0.2%	0.2%
IBM	B	0.17%	0.57%	0.17%
INTC	D	0.23%	0.3%	0.23%
JNJ	C	0.46%	0.45%	0.45%
LDOS	A	0.33%	0.17%	0.17%
LLY	D	1.11%	1.78%	1.11%
LMT	A	0.47%	0.2%	0.2%
LULU	D	0.28%	0.16%	0.16%
MA	B	0.38%	0.95%	0.38%
META	B	1.61%	1.46%	1.46%
MRK	F	0.76%	0.66%	0.66%
MSFT	C	4.77%	5.03%	4.77%
MSI	B	0.22%	0.45%	0.22%
MU	D	0.44%	0.62%	0.44%
NFLX	B	0.41%	0.57%	0.41%
NRG	B	0.34%	0.15%	0.15%
NVDA	C	4.48%	5.38%	4.48%
PANW	D	0.18%	0.4%	0.18%
PG	C	0.45%	0.6%	0.45%
PGR	C	0.06%	1.16%	0.06%
PM	C	0.04%	0.53%	0.04%
PRU	C	0.3%	0.45%	0.3%
STX	B	0.31%	0.2%	0.2%
T	B	0.21%	1.2%	0.21%
TMUS	B	0.45%	0.29%	0.29%
TRGP	C	0.37%	0.21%	0.21%
TSN	D	0.31%	0.24%	0.24%
UBER	C	0.46%	0.23%	0.23%
UHS	C	0.28%	0.2%	0.2%
UNH	C	0.56%	0.19%	0.19%
V	C	1.04%	0.48%	0.48%
VRSN	C	0.26%	0.26%	0.26%
VZ	A	0.06%	0.21%	0.06%

CSM Overweight 254 Positions Relative to RAYD

Symbol	Grade	Weight
AVGO	C	1.34%
BRK.A	C	0.99%
TSLA	C	0.74%
TMO	B	0.67%
JPM	D	0.65%
GE	C	0.61%
CRM	C	0.59%
INTU	D	0.57%
XOM	D	0.55%
TJX	C	0.52%
BMY	C	0.46%
CI	C	0.45%
GILD	B	0.45%
TT	B	0.45%
CME	B	0.41%
NOC	B	0.41%
PSA	C	0.41%
BX	C	0.4%
ETN	C	0.4%
NCLH	B	0.39%
LEN	B	0.39%
ACGL	B	0.39%
CCL	C	0.39%
PHM	B	0.38%
GM	C	0.38%
APH	C	0.38%
RCL	B	0.38%
BDX	D	0.38%
PLD	C	0.38%
EMR	D	0.37%
KMB	C	0.36%
BK	B	0.36%
CDNS	D	0.36%
TGT	C	0.36%
HWM	B	0.36%
AVB	C	0.36%
XEL	B	0.36%
AME	C	0.36%
UAL	B	0.36%
PEP	D	0.36%
CTSH	B	0.35%
ETR	A	0.35%
EQR	C	0.35%
CNC	D	0.35%
VTR	C	0.35%
SNPS	F	0.35%
CAH	C	0.35%
EMN	B	0.34%
MTD	C	0.34%
BKR	C	0.34%
RSG	D	0.34%
SWK	B	0.34%
KR	B	0.34%
SYF	C	0.34%
LYV	A	0.34%
TEL	D	0.34%
IDXX	D	0.34%
FFIV	B	0.33%
BRO	C	0.33%
A	C	0.33%
OTIS	B	0.33%
HST	D	0.33%
CBRE	B	0.33%
TROW	C	0.33%
BAX	C	0.33%
RJF	C	0.33%
WY	C	0.33%
CNP	C	0.33%
NI	B	0.32%
SLB	F	0.32%
INCY	C	0.32%
INVH	D	0.32%
CPT	C	0.32%
TFX	B	0.32%
AAL	D	0.32%
FDX	D	0.32%
TDY	B	0.32%
PH	B	0.32%
IR	B	0.32%
ANET	C	0.32%
CBOE	C	0.32%
MAA	C	0.31%
BBY	A	0.31%
CLX	C	0.31%
PCAR	D	0.31%
IQV	D	0.31%
RL	B	0.31%
HD	B	0.31%
L	D	0.31%
TAP	D	0.31%
HII	F	0.31%
AIZ	B	0.31%
PNR	B	0.31%
SNA	B	0.31%
MTB	C	0.3%
EL	D	0.3%
DVN	F	0.3%
AES	C	0.3%
CE	D	0.3%
XYL	C	0.3%
CVS	D	0.3%
WYNN	C	0.3%
PCG	C	0.29%
EIX	B	0.29%
VTRS	D	0.29%
MAR	B	0.29%
QRVO	F	0.29%
EG	B	0.29%
DHI	C	0.29%
WDC	C	0.28%
IEX	C	0.28%
BG	F	0.28%
TXT	D	0.28%
PAYC	D	0.27%
ROL	C	0.27%
BAC	D	0.27%
STE	B	0.27%
MDT	B	0.27%
APTV	D	0.27%
PPG	C	0.26%
CSX	C	0.26%
ATO	B	0.26%
SWKS	F	0.26%
NTRS	C	0.26%
EQIX	B	0.26%
AMAT	D	0.25%
OMC	B	0.25%
UDR	C	0.25%
WAB	B	0.25%
BEN	F	0.25%
MET	B	0.25%
HBAN	B	0.25%
WELL	C	0.25%
ADBE	F	0.24%
FOXA	B	0.24%
HAL	F	0.24%
COF	B	0.23%
PYPL	B	0.23%
GEHC	B	0.23%
CSCO	B	0.23%
RMD	C	0.22%
CMCSA	C	0.22%
GL	D	0.22%
MOH	D	0.21%
WMT	B	0.21%
LNT	A	0.21%
ABNB	D	0.2%
SJM	C	0.2%
ZTS	B	0.19%
TPR	A	0.19%
EBAY	B	0.19%
ACN	C	0.19%
MGM	D	0.19%
CFG	D	0.18%
EXC	B	0.18%
SYK	C	0.18%
BIIB	F	0.18%
PARA	D	0.18%
AMD	C	0.18%
BLDR	C	0.18%
EA	D	0.18%
IVZ	B	0.17%
OKE	C	0.17%
NOW	C	0.17%
CVX	F	0.16%
F	F	0.16%
WMB	C	0.16%
DAY	D	0.16%
GPC	D	0.16%
FITB	B	0.15%
KDP	B	0.15%
KO	B	0.15%
TRV	C	0.15%
QCOM	D	0.15%
LYB	D	0.15%
BWA	C	0.15%
WBA	F	0.15%
ADSK	B	0.15%
ON	D	0.14%
PODD	C	0.14%
WTW	B	0.14%
APD	B	0.14%
PNW	C	0.14%
SPG	B	0.14%
MSCI	C	0.14%
PFE	D	0.14%
STLD	C	0.13%
DTE	A	0.13%
BR	C	0.13%
FSLR	C	0.13%
KHC	C	0.13%
FCX	C	0.13%
SYY	C	0.13%
IPG	C	0.13%
JKHY	B	0.13%
CRL	F	0.13%
CAG	B	0.12%
AKAM	D	0.12%
ALLE	B	0.12%
NWSA	D	0.12%
ROP	C	0.12%
WFC	D	0.12%
URI	B	0.12%
CAT	B	0.11%
APA	F	0.11%
CPB	C	0.11%
FE	B	0.11%
LKQ	F	0.11%
PFG	B	0.11%
CTVA	B	0.1%
HOLX	D	0.1%
KMI	C	0.1%
WRB	D	0.09%
ISRG	C	0.09%
NUE	D	0.09%
MTCH	C	0.09%
LIN	B	0.09%
LVS	C	0.09%
VLO	F	0.08%
MNST	D	0.07%
FIS	C	0.07%
SMCI	F	0.07%
AOS	B	0.07%
ORCL	B	0.07%
JBL	C	0.07%
FTV	C	0.07%
PAYX	C	0.07%
DLR	B	0.07%
MKTX	D	0.07%
CHD	C	0.06%
ABT	C	0.06%
MKC	C	0.06%
HRL	F	0.06%
LOW	B	0.05%
RF	B	0.05%
MAS	B	0.05%
VRTX	D	0.05%
DHR	B	0.04%
WM	D	0.04%
WST	D	0.04%
PTC	C	0.04%
MCD	B	0.04%
LW	D	0.04%
J	A	0.04%
CSGP	D	0.04%
TRMB	C	0.04%
EPAM	F	0.04%
MMC	C	0.04%
ARE	C	0.04%
FAST	C	0.04%
FDS	C	0.04%
AMGN	D	0.04%
ROST	C	0.04%
PKG	B	0.04%

CSM Underweight 57 Positions Relative to RAYD

Symbol	Grade	Weight
EME	B	-1.53%
SPOT	C	-1.43%
BRBR	B	-1.42%
MELI	C	-1.29%
MCK	F	-1.1%
MO	C	-0.97%
MUSA	D	-0.96%
SFM	B	-0.92%
DTM	C	-0.88%
NVS	C	-0.87%
CL	C	-0.83%
COKE	C	-0.78%
MMM	B	-0.78%
MORN	C	-0.66%
EVR	B	-0.63%
VRSK	D	-0.53%
MEDP	F	-0.53%
THC	C	-0.52%
ADP	C	-0.52%
EXEL	C	-0.51%
CVLT	B	-0.5%
ANF	D	-0.49%
DECK	C	-0.46%
FICO	B	-0.41%
WFRD	F	-0.4%
ALNY	C	-0.39%
ORI	B	-0.35%
APP	C	-0.34%
TEAM	D	-0.33%
RGA	C	-0.33%
HRB	C	-0.3%
CHKP	B	-0.29%
VEEV	C	-0.29%
GS	B	-0.28%
GRAB	B	-0.27%
TW	B	-0.26%
WING	C	-0.26%
GDDY	C	-0.25%
XRX	D	-0.23%
ERIE	B	-0.23%
MTG	B	-0.22%
LOGI	D	-0.22%
DASH	B	-0.22%
NTAP	D	-0.22%
RGLD	C	-0.2%
DOCU	C	-0.2%
MANH	B	-0.2%
LPLA	D	-0.2%
HLI	C	-0.2%
UTHR	B	-0.19%
RPRX	C	-0.19%
FTI	D	-0.19%
DBX	C	-0.18%
MNDY	C	-0.18%
AER	C	-0.17%
WWD	C	-0.17%
CYBR	B	-0.16%