EQWL vs. RAYD ETF Comparison

Comparison of PowerShares Russell Top 200 Equal Weight Portfolio (EQWL) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

EQWL

PowerShares Russell Top 200 Equal Weight Portfolio

EQWL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell Top 200 Equal Weight Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the component securities that comprise the underlying index. The underlying index is designed to provide equal-weighted exposure to the securities of the largest 200 companies in the U.S. equity market.

Grade (RS Rating)

Last Trade

$107.01

Average Daily Volume

61,555

Number of Holdings ^*

101

* 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

$32.62

Average Daily Volume

4,090

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EQWL	RAYD
30 Days	3.32%	4.23%
60 Days	4.89%	5.09%
90 Days	7.38%	6.59%
12 Months	31.93%	37.58%

21 Overlapping Holdings

Symbol	Grade	Weight in EQWL	Weight in RAYD	Overlap
AAPL	C	0.97%	5.04%	0.97%
AMZN	C	1.08%	3.25%	1.08%
BKNG	A	1.2%	2.43%	1.2%
CL	D	0.82%	1.0%	0.82%
COST	B	0.96%	2.4%	0.96%
GM	B	1.18%	0.93%	0.93%
GOOG	C	0.48%	0.4%	0.4%
GOOGL	C	0.58%	2.85%	0.58%
LLY	F	0.81%	1.43%	0.81%
LMT	D	0.9%	0.44%	0.44%
META	D	1.04%	1.48%	1.04%
MMM	D	0.94%	0.57%	0.57%
MO	A	0.99%	1.57%	0.99%
MSFT	F	0.94%	4.59%	0.94%
NFLX	A	1.14%	0.36%	0.36%
NVDA	C	1.17%	5.39%	1.17%
PM	B	0.97%	0.82%	0.82%
T	A	0.97%	0.96%	0.96%
TMUS	B	1.12%	0.33%	0.33%
UNH	C	0.95%	0.56%	0.56%
VZ	C	0.87%	0.19%	0.19%

EQWL Overweight 80 Positions Relative to RAYD

Symbol	Grade	Weight
WFC	A	1.31%
TSLA	B	1.29%
MS	A	1.28%
COF	B	1.25%
CRM	B	1.24%
SCHW	B	1.23%
INTC	D	1.21%
EMR	A	1.2%
PYPL	B	1.17%
GS	A	1.17%
DIS	B	1.14%
BAC	A	1.13%
BMY	B	1.13%
C	A	1.12%
JPM	A	1.12%
BLK	C	1.12%
CSCO	B	1.1%
CHTR	C	1.1%
CVX	A	1.09%
ORCL	B	1.09%
USB	A	1.07%
BK	A	1.07%
HON	B	1.07%
AXP	A	1.06%
GILD	C	1.06%
CAT	B	1.06%
CMCSA	B	1.04%
MET	A	1.03%
XOM	B	1.03%
SPG	B	1.03%
COP	C	1.03%
HD	A	1.02%
V	A	1.02%
INTU	C	1.02%
LOW	D	1.0%
MA	C	1.0%
UPS	C	0.99%
WMT	A	0.99%
BRK.A	B	0.99%
TXN	C	0.98%
F	C	0.98%
AIG	B	0.98%
ACN	C	0.98%
AVGO	D	0.97%
FDX	B	0.97%
MCD	D	0.96%
TGT	F	0.96%
RTX	C	0.95%
GE	D	0.95%
DE	A	0.95%
SBUX	A	0.95%
ABT	B	0.94%
ADBE	C	0.94%
IBM	C	0.93%
QCOM	F	0.93%
SO	D	0.92%
LIN	D	0.92%
MDT	D	0.91%
NKE	D	0.91%
PG	A	0.91%
GD	F	0.91%
UNP	C	0.9%
CVS	D	0.9%
DUK	C	0.89%
PEP	F	0.88%
AMD	F	0.87%
JNJ	D	0.87%
KHC	F	0.85%
BA	F	0.84%
PFE	D	0.84%
DOW	F	0.84%
NEE	D	0.84%
AMGN	D	0.84%
MDLZ	F	0.83%
TMO	F	0.83%
KO	D	0.83%
DHR	F	0.83%
ABBV	D	0.83%
MRK	F	0.8%
AMT	D	0.77%

EQWL Underweight 77 Positions Relative to RAYD

Symbol	Grade	Weight
SPOT	B	-2.01%
BRBR	A	-1.69%
EXEL	B	-1.53%
THC	D	-1.51%
MELI	D	-1.44%
PNW	B	-1.22%
SFM	A	-1.19%
PGR	A	-1.11%
GWRE	A	-1.02%
ALSN	B	-0.98%
HCA	F	-0.95%
SMAR	A	-0.91%
RYAN	B	-0.9%
FTNT	C	-0.9%
TXRH	C	-0.9%
FICO	B	-0.88%
APP	B	-0.87%
HSBH	B	-0.87%
AZO	C	-0.83%
DASH	A	-0.82%
CVLT	B	-0.82%
MSI	B	-0.79%
MCK	B	-0.74%
TRGP	B	-0.64%
HLNE	B	-0.62%
TRV	B	-0.61%
OTIS	C	-0.6%
AYI	B	-0.57%
HIG	B	-0.57%
COR	B	-0.55%
HRB	D	-0.54%
GEV	B	-0.53%
EVR	B	-0.53%
COKE	C	-0.5%
JXN	C	-0.47%
WING	D	-0.45%
ADP	B	-0.45%
ALL	A	-0.43%
VLTO	D	-0.42%
MORN	B	-0.39%
RBLX	C	-0.38%
ORI	A	-0.36%
WFRD	D	-0.36%
MUSA	A	-0.36%
ALNY	D	-0.35%
BAH	F	-0.34%
MU	D	-0.34%
CLX	B	-0.34%
GRMN	B	-0.34%
NOW	A	-0.32%
ZM	B	-0.32%
CAH	B	-0.31%
CNA	B	-0.29%
LPLA	A	-0.29%
MCO	B	-0.29%
GDDY	A	-0.29%
VEEV	C	-0.27%
VRSN	F	-0.26%
DOCU	A	-0.26%
CHKP	D	-0.25%
TSN	B	-0.24%
HLI	B	-0.24%
XRX	F	-0.23%
NTAP	C	-0.22%
RMD	C	-0.22%
DXCM	D	-0.2%
UTHR	C	-0.19%
LDOS	C	-0.18%
CYBR	B	-0.18%
NRG	B	-0.17%
RPRX	D	-0.17%
LULU	C	-0.17%
WWD	B	-0.17%
ERIE	D	-0.17%
UHS	D	-0.16%
AER	B	-0.16%
MNDY	C	-0.15%