DFAX vs. RAYD ETF Comparison

Comparison of Dimensional World ex U.S. Core Equity 2 ETF (DFAX) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

DFAX

Dimensional World ex U.S. Core Equity 2 ETF

DFAX Description

Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund is co-managed by Dimensional Fund Advisors Ltd. and DFA Australia Limited. It invests in public equity markets of global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to benchmark the performance of its portfolio against the MSCI All Country World ex USA Index (net dividends). Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF was formed on March 6, 2008 and is domiciled in United States.

Grade (RS Rating)

Last Trade

$25.52

Average Daily Volume

465,171

Number of Holdings ^*

177

* 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

$29.33

Average Daily Volume

3,101

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

Performance

Period	DFAX	RAYD
30 Days	-2.93%	2.39%
60 Days	2.65%	8.03%
90 Days	1.63%	7.03%
12 Months	9.50%	26.66%

12 Overlapping Holdings

Symbol	Grade	Weight in DFAX	Weight in RAYD	Overlap
ABBV	B	0.23%	0.44%	0.23%
BWLP	D	0.03%	1.19%	0.03%
CHRD	D	0.03%	0.59%	0.03%
JHX	D	0.0%	0.32%	0.0%
LOGI	B	0.1%	0.26%	0.1%
MUFG	C	0.03%	0.27%	0.03%
MUFG	C	0.22%	0.27%	0.22%
NVS	A	0.01%	0.81%	0.01%
NVS	A	0.47%	0.81%	0.47%
STLA	F	0.17%	0.86%	0.17%
TEVA	B	0.04%	0.26%	0.04%
XRX	F	0.01%	0.2%	0.01%

DFAX Overweight 165 Positions Relative to RAYD

Symbol	Grade	Weight
TSM	A	0.7%
ASML	B	0.59%
TM	F	0.54%
BP	D	0.34%
BABA	D	0.29%
AZN	A	0.27%
SONY	D	0.22%
BHP	D	0.2%
UL	A	0.2%
HSBC	B	0.2%
TD	F	0.16%
CNI	D	0.14%
BBVA	D	0.13%
GSK	D	0.13%
IBN	D	0.13%
NVO	A	0.11%
STM	C	0.11%
VALE	F	0.1%
KB	B	0.1%
LYG	B	0.1%
UMC	A	0.09%
HDB	B	0.09%
E	D	0.09%
SMFG	B	0.09%
PDD	B	0.09%
RIO	D	0.08%
FLUT	D	0.07%
TCOM	D	0.07%
RELX	A	0.07%
BCS	C	0.07%
NMR	C	0.07%
HMY	D	0.06%
HMC	D	0.06%
YUMC	F	0.06%
MFG	C	0.06%
GFI	F	0.06%
DEO	F	0.06%
INFY	B	0.05%
RDY	C	0.05%
SHG	B	0.05%
PHG	B	0.05%
VIPS	F	0.05%
NTES	D	0.05%
GOLD	D	0.05%
AGCO	F	0.04%
TM	F	0.04%
BIDU	F	0.04%
TME	B	0.04%
WFG	C	0.04%
TIGO	B	0.04%
ERJ	B	0.04%
CCEP	A	0.04%
HMC	D	0.04%
MT	D	0.04%
ERJ	B	0.04%
QGEN	C	0.03%
GGB	F	0.03%
AEI	C	0.03%
UL	A	0.03%
PKX	F	0.03%
SAN	C	0.03%
WCN	B	0.03%
RBA	A	0.03%
NGG	D	0.03%
PRMW	B	0.03%
VALE	F	0.03%
TCOM	D	0.03%
BIDU	F	0.03%
DEO	F	0.03%
CAR	F	0.02%
BTI	B	0.02%
TRMD	C	0.02%
TAC	C	0.02%
FSM	C	0.02%
SBSW	F	0.02%
PSO	D	0.02%
XPEV	F	0.02%
WDS	F	0.02%
ASR	D	0.02%
ZTO	B	0.02%
BILI	B	0.02%
LSPD	C	0.02%
IQ	F	0.02%
BCS	C	0.02%
TS	F	0.02%
IHG	B	0.02%
NMR	C	0.02%
WPP	D	0.02%
HLN	B	0.02%
ING	C	0.02%
OTEX	F	0.02%
IBN	D	0.02%
PAC	C	0.02%
ELBM	D	0.01%
FLNG	D	0.01%
SGRP	B	0.01%
ECO	C	0.01%
MNTX	F	0.01%
KOF	D	0.01%
LPL	F	0.01%
SBS	D	0.01%
IAG	D	0.01%
SID	F	0.01%
SNN	C	0.01%
NIO	F	0.01%
IMOS	C	0.01%
SNY	D	0.01%
SQM	F	0.01%
TLRY	F	0.01%
TCI	F	0.01%
ORLA	D	0.01%
BUD	D	0.01%
TEF	C	0.01%
SKM	D	0.01%
ASAI	F	0.01%
CHT	A	0.01%
KB	B	0.01%
BBD	F	0.01%
HAFN	F	0.01%
CSAN	F	0.01%
SHG	B	0.01%
PDS	D	0.01%
BAP	D	0.01%
TTE	D	0.01%
PIXY	F	0.01%
LPL	F	0.01%
WIT	B	0.01%
NWG	B	0.01%
BRFS	D	0.01%
JKS	D	0.01%
GDS	B	0.01%
HTHT	F	0.01%
DOOO	F	0.01%
LI	F	0.01%
ASX	B	0.01%
GGB	F	0.01%
EQNR	D	0.01%
ASAI	F	0.01%
GOGL	D	0.01%
SHOP	C	0.01%
WIT	B	0.0%
BCH	C	0.0%
NICE	F	0.0%
RENB	D	0.0%
VMAR	F	0.0%
PHI	C	0.0%
VGR	B	0.0%
BGNE	C	0.0%
CHT	A	0.0%
ABEV	F	0.0%
CIB	D	0.0%
CX	F	0.0%
BGNE	C	0.0%
SBSW	F	0.0%
FMX	F	0.0%
CHGX	A	0.0%
LYG	B	0.0%
UGP	F	0.0%
TLK	F	0.0%
CCU	F	0.0%
GRIN	C	0.0%
SMFG	B	0.0%
CSAN	F	0.0%
BCH	C	0.0%
KEP	F	0.0%

DFAX Underweight 96 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	A	-6.98%
MSFT	A	-4.42%
AAPL	B	-4.41%
AMZN	B	-2.76%
COST	A	-2.0%
BKNG	A	-1.85%
META	B	-1.82%
LLY	A	-1.68%
EME	B	-1.5%
MA	D	-1.41%
QCOM	A	-1.33%
BRBR	C	-1.21%
SPOT	B	-1.12%
UNH	C	-1.06%
MELI	B	-1.03%
WFRD	D	-1.03%
MCK	A	-1.02%
JNJ	F	-0.98%
CMG	A	-0.92%
GOOGL	A	-0.82%
CR	C	-0.79%
SPNT	C	-0.76%
GOOG	A	-0.71%
TJX	A	-0.69%
PANW	B	-0.69%
PAYX	B	-0.68%
ALL	D	-0.68%
SM	D	-0.66%
MEDP	C	-0.63%
VRSK	A	-0.62%
ETRN	B	-0.62%
FG	F	-0.6%
EA	B	-0.6%
DECK	B	-0.57%
PG	A	-0.56%
MUSA	B	-0.55%
NOW	C	-0.53%
MRK	B	-0.51%
OTIS	B	-0.48%
MO	B	-0.47%
IBM	C	-0.46%
V	D	-0.46%
INTC	F	-0.44%
CAH	D	-0.4%
MORN	D	-0.38%
DTM	B	-0.38%
WMB	A	-0.37%
TEAM	F	-0.34%
PSN	C	-0.34%
NU	B	-0.34%
CL	A	-0.33%
CRWD	A	-0.32%
T	B	-0.31%
KMB	A	-0.31%
CBOE	D	-0.3%
GRMN	B	-0.3%
MOH	F	-0.29%
GS	B	-0.28%
PCAR	D	-0.28%
GRAB	B	-0.28%
VRSN	C	-0.27%
GE	D	-0.27%
GDDY	B	-0.24%
WSM	B	-0.24%
NYT	B	-0.24%
VRTX	A	-0.24%
CHKP	B	-0.23%
ANF	B	-0.23%
UBER	C	-0.23%
QLYS	D	-0.23%
KR	D	-0.23%
TSN	D	-0.22%
MANH	C	-0.22%
SKX	B	-0.21%
STZ	C	-0.21%
WWD	B	-0.2%
CNC	D	-0.19%
RPRX	D	-0.19%
MNDY	B	-0.18%
LDOS	B	-0.17%
WRK	C	-0.17%
NTNX	C	-0.17%
DBX	F	-0.17%
AER	B	-0.17%
NBIX	C	-0.16%
NRG	B	-0.16%
ERIE	D	-0.16%
PGR	D	-0.16%
UTHR	A	-0.15%
AIZ	D	-0.15%
NFLX	A	-0.15%
DOCU	D	-0.14%
JBL	D	-0.14%
TW	D	-0.14%
CYBR	B	-0.14%
WDAY	F	-0.12%