DFNV vs. RAYD ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.52

Average Daily Volume

20,590

Number of Holdings ^*

* 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

$32.33

Average Daily Volume

6,219

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	RAYD
30 Days	5.72%	2.60%
60 Days	9.66%	5.11%
90 Days	12.32%	6.20%
12 Months	39.55%	37.07%

25 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in RAYD	Overlap
AAPL	C	7.79%	5.42%	5.42%
ABBV	F	2.59%	0.42%	0.42%
AMZN	C	0.2%	3.47%	0.2%
APP	B	2.69%	0.74%	0.74%
CRWD	B	1.7%	0.55%	0.55%
CVLT	B	0.48%	0.87%	0.48%
DASH	B	1.53%	0.62%	0.62%
DOCU	B	0.81%	0.26%	0.26%
FTNT	C	1.58%	0.58%	0.58%
JNJ	C	2.45%	0.39%	0.39%
MANH	D	0.75%	0.2%	0.2%
MMM	D	1.24%	1.18%	1.18%
MSI	B	1.52%	0.79%	0.79%
NOW	A	2.72%	0.32%	0.32%
NTAP	C	0.81%	0.21%	0.21%
PANW	B	1.96%	0.45%	0.45%
RBLX	C	1.0%	0.38%	0.38%
RMD	C	0.77%	0.21%	0.21%
SMAR	B	0.5%	0.29%	0.29%
SPOT	B	1.8%	2.2%	1.8%
TEAM	A	1.38%	0.49%	0.49%
UBER	F	1.83%	0.21%	0.21%
VEEV	C	1.04%	0.3%	0.3%
VRSN	C	0.57%	0.26%	0.26%
ZM	C	0.8%	0.34%	0.34%

DFNV Overweight 74 Positions Relative to RAYD

Symbol	Grade	Weight
AVGO	D	4.14%
CRM	B	2.93%
ADBE	C	2.35%
PLTR	B	2.33%
INTU	B	2.3%
QCOM	F	2.14%
IBM	C	2.04%
BMY	B	1.99%
GILD	C	1.91%
AMGN	F	1.6%
ANET	C	1.58%
PYPL	B	1.37%
TTD	B	1.24%
ADSK	A	1.24%
VRT	B	1.22%
SNOW	B	1.17%
WDAY	B	1.17%
DDOG	A	1.14%
EA	A	1.09%
ZS	B	0.98%
UI	B	0.97%
EXPE	B	0.83%
MCHP	F	0.79%
NTNX	B	0.78%
PTC	B	0.76%
DUOL	A	0.72%
PINS	F	0.7%
PSTG	D	0.68%
GEN	B	0.68%
DT	D	0.66%
FFIV	B	0.6%
PCTY	C	0.59%
PEGA	B	0.54%
NBIX	C	0.53%
JKHY	D	0.51%
GNRC	C	0.5%
SWKS	F	0.5%
SOLV	D	0.49%
DBX	B	0.48%
LYFT	C	0.48%
HAS	D	0.44%
JAZZ	B	0.44%
ETSY	D	0.42%
NYT	D	0.4%
PATH	C	0.4%
MTCH	D	0.4%
ALTR	B	0.4%
QLYS	B	0.39%
HALO	F	0.38%
TENB	C	0.36%
PI	D	0.36%
BOX	B	0.36%
MAT	D	0.36%
CWAN	B	0.33%
CRUS	D	0.32%
ENPH	F	0.3%
ALKS	C	0.3%
QRVO	F	0.29%
BL	B	0.28%
IGT	F	0.25%
ZETA	D	0.24%
VERX	A	0.23%
RNG	C	0.22%
PLTK	B	0.22%
PRGS	A	0.21%
ALRM	C	0.21%
ACAD	C	0.2%
TDC	D	0.2%
RPD	B	0.19%
YELP	C	0.18%
FLNC	D	0.18%
YOU	D	0.17%
PTGX	D	0.17%
CMPR	D	0.15%

DFNV Underweight 86 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	B	-5.62%
MSFT	D	-4.67%
GOOGL	C	-2.82%
COST	A	-2.39%
BKNG	A	-1.88%
BRBR	A	-1.62%
LLY	F	-1.51%
META	D	-1.48%
MELI	C	-1.39%
MO	A	-1.32%
MCK	A	-1.25%
SFM	A	-1.19%
T	A	-1.15%
PGR	A	-1.11%
COKE	C	-0.99%
HCA	F	-0.98%
CL	D	-0.95%
MUSA	B	-0.92%
ADP	A	-0.86%
ALL	A	-0.82%
THC	D	-0.8%
PM	B	-0.79%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
NFLX	A	-0.64%
EXEL	B	-0.63%
TRGP	A	-0.6%
HRB	D	-0.56%
COR	B	-0.56%
PG	C	-0.54%
DFS	B	-0.51%
MRK	D	-0.51%
ANF	F	-0.48%
MTG	C	-0.48%
V	A	-0.48%
FICO	B	-0.47%
LMT	D	-0.45%
WING	D	-0.45%
DECK	A	-0.43%
GOOG	C	-0.39%
ALNY	D	-0.36%
CMG	B	-0.36%
GM	C	-0.35%
WFRD	D	-0.35%
ORI	A	-0.35%
GRMN	B	-0.35%
GRAB	A	-0.34%
TMUS	B	-0.34%
CAH	B	-0.33%
GS	A	-0.33%
TXRH	B	-0.33%
INTC	C	-0.33%
GWRE	A	-0.31%
CNA	C	-0.29%
GDDY	A	-0.29%
MCO	B	-0.29%
AZO	C	-0.29%
LPLA	A	-0.28%
HIG	B	-0.28%
CHKP	C	-0.25%
HSBH	B	-0.24%
HLI	A	-0.23%
LPX	B	-0.23%
TSN	B	-0.23%
DIS	B	-0.22%
XRX	F	-0.22%
LDOS	C	-0.21%
HPQ	B	-0.2%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
UNH	B	-0.19%
LULU	C	-0.18%
VZ	C	-0.18%
DXCM	C	-0.18%
STX	C	-0.18%
WWD	C	-0.17%
MNDY	C	-0.16%
AER	A	-0.16%
NRG	B	-0.16%
CYBR	A	-0.16%
UHS	D	-0.16%
RPRX	D	-0.16%
ERIE	D	-0.16%