EMIF vs. RAYE ETF Comparison

Comparison of iShares S&P Emerging Markets Infrastructure Index Fund (EMIF) to The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF (RAYE)

EMIF

iShares S&P Emerging Markets Infrastructure Index Fund

EMIF Description

The investment seeks to track the investment results of an index composed of 30 of the largest emerging market equities in the infrastructure industry. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Emerging Markets Infrastructure IndexTM (the "underlying index"), which is designed to track performance of 30 of the largest publicly listed companies in the infrastructure industry in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.05

Average Daily Volume

1,676

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAYE

The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF

RAYE Description

The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. It invests in public equity markets of global emerging 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 fundamental and quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$24.05

Average Daily Volume

13,043

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMIF	RAYE
30 Days	1.28%	-1.25%
60 Days	1.23%	-0.74%
90 Days	5.14%	3.90%
12 Months	3.31%	22.41%

1 Overlapping Holdings

	Symbol	Grade	Weight in EMIF	Weight in RAYE	Overlap
	KEP	C	3.5%	1.0%	1.0%

EMIF Overweight 8 Positions Relative to RAYE

Symbol	Grade	Weight
PAC	A	8.89%
ASR	A	7.86%
EBR	D	6.54%
UGP	D	5.57%
SBS	C	4.79%
OMAB	A	3.58%
CIG	B	3.14%
ELP	F	1.64%

EMIF Underweight 8 Positions Relative to RAYE

Symbol	Grade	Weight
IBN	A	-1.33%
HDB	B	-1.04%
VALE	D	-0.47%
SKM	D	-0.4%
KB	B	-0.4%
MMYT	A	-0.26%
ABEV	F	-0.19%
CAR	F	-0.16%

EMIF: Top Represented Industries & Keywords

Industries: Airports & Air Services Utilities - Diversified Utilities - Regulated Electric Oil & Gas Refining & Marketing Utilities - Regulated Water