FCPI vs. RAYD ETF Comparison

Comparison of Fidelity Stocks for Inflation ETF (FCPI) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$46.12

Average Daily Volume

22,278

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

$32.43

Average Daily Volume

4,090

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	FCPI	RAYD
30 Days	5.93%	4.23%
60 Days	6.96%	5.09%
90 Days	8.65%	6.59%
12 Months	39.44%	37.58%

44 Overlapping Holdings

Symbol	Grade	Weight in FCPI	Weight in RAYD	Overlap
AAPL	C	5.11%	5.42%	5.11%
ABBV	D	1.45%	0.42%	0.42%
AMZN	C	1.95%	3.47%	1.95%
ANF	C	0.27%	0.48%	0.27%
APP	B	0.92%	0.74%	0.74%
BKNG	A	0.52%	1.88%	0.52%
BRBR	A	2.07%	1.62%	1.62%
CL	D	1.45%	0.95%	0.95%
COKE	C	1.42%	0.99%	0.99%
CRWD	B	0.42%	0.55%	0.42%
CVLT	B	0.24%	0.87%	0.24%
DFS	B	0.69%	0.51%	0.51%
DIS	B	0.19%	0.22%	0.19%
DOCU	A	0.31%	0.26%	0.26%
FICO	B	0.37%	0.47%	0.37%
GDDY	A	0.3%	0.29%	0.29%
GOOGL	C	1.45%	2.82%	1.45%
HCA	F	1.07%	0.98%	0.98%
HIG	B	0.59%	0.28%	0.28%
HRB	D	0.27%	0.56%	0.27%
LDOS	C	0.48%	0.21%	0.21%
LLY	F	2.02%	1.51%	1.51%
MCK	B	1.17%	1.25%	1.17%
META	D	0.96%	1.48%	0.96%
MO	A	1.75%	1.32%	1.32%
MSFT	F	4.79%	4.67%	4.67%
MTG	C	0.52%	0.48%	0.48%
MU	D	0.35%	0.66%	0.35%
NFLX	A	0.33%	0.64%	0.33%
NRG	B	2.51%	0.16%	0.16%
NTAP	C	0.23%	0.21%	0.21%
NVDA	C	5.6%	5.62%	5.6%
PANW	C	0.43%	0.45%	0.43%
PG	A	2.18%	0.54%	0.54%
PGR	A	0.78%	1.11%	0.78%
RPRX	D	0.98%	0.16%	0.16%
T	A	0.16%	1.15%	0.16%
THC	D	1.09%	0.8%	0.8%
TMUS	B	0.13%	0.34%	0.13%
UHS	D	0.97%	0.16%	0.16%
UTHR	C	1.19%	0.2%	0.2%
V	A	1.13%	0.48%	0.48%
VZ	C	0.16%	0.18%	0.16%
ZM	B	0.29%	0.34%	0.29%

FCPI Overweight 57 Positions Relative to RAYD

Symbol	Grade	Weight
VST	B	4.0%
TPL	A	3.42%
CF	B	2.69%
STLD	B	2.59%
NUE	C	2.2%
AM	A	2.11%
SPG	B	2.02%
MPC	D	1.86%
VLO	C	1.81%
VICI	C	1.73%
HST	C	1.71%
KMB	D	1.47%
AVGO	D	1.27%
CI	F	1.18%
ELV	F	0.94%
MEDP	D	0.89%
REGN	F	0.85%
AMP	A	0.75%
COF	B	0.72%
C	A	0.7%
SYF	B	0.7%
CAT	B	0.63%
FIX	A	0.61%
RNR	C	0.6%
JXN	C	0.6%
EME	C	0.6%
CRBG	B	0.57%
MLI	C	0.55%
RGA	A	0.54%
IBM	C	0.51%
CSL	C	0.46%
OC	A	0.45%
QCOM	F	0.44%
BCC	B	0.43%
AMAT	F	0.38%
ANET	C	0.36%
WSM	B	0.35%
APH	A	0.35%
EBAY	D	0.32%
ABNB	C	0.32%
TOL	B	0.31%
LRCX	F	0.3%
DELL	C	0.29%
PHM	D	0.29%
KLAC	D	0.28%
ATKR	C	0.27%
NXPI	D	0.26%
GEN	B	0.25%
ACIW	B	0.24%
GAP	C	0.24%
DBX	B	0.23%
QLYS	C	0.21%
ONTO	D	0.19%
CRUS	D	0.17%
SWKS	F	0.17%
CMCSA	B	0.16%
PINS	D	0.04%

FCPI Underweight 67 Positions Relative to RAYD

Symbol	Grade	Weight
COST	B	-2.39%
SPOT	B	-2.2%
MELI	D	-1.39%
SFM	A	-1.19%
MMM	D	-1.18%
MUSA	A	-0.92%
ADP	B	-0.86%
ALL	A	-0.82%
PM	B	-0.79%
MSI	B	-0.79%
EVR	B	-0.72%
MORN	B	-0.68%
EXEL	B	-0.63%
DASH	A	-0.62%
TRGP	B	-0.6%
FTNT	C	-0.58%
COR	B	-0.56%
MRK	F	-0.51%
TEAM	A	-0.49%
LMT	D	-0.45%
WING	D	-0.45%
DECK	A	-0.43%
JNJ	D	-0.39%
GOOG	C	-0.39%
RBLX	C	-0.38%
ALNY	D	-0.36%
CMG	B	-0.36%
GM	B	-0.35%
WFRD	D	-0.35%
ORI	A	-0.35%
GRMN	B	-0.35%
GRAB	B	-0.34%
CAH	B	-0.33%
GS	A	-0.33%
TXRH	C	-0.33%
INTC	D	-0.33%
NOW	A	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	B	-0.29%
SMAR	A	-0.29%
MCO	B	-0.29%
AZO	C	-0.29%
LPLA	A	-0.28%
VRSN	F	-0.26%
CHKP	D	-0.25%
HSBH	B	-0.24%
HLI	B	-0.23%
LPX	B	-0.23%
TSN	B	-0.23%
XRX	F	-0.22%
RMD	C	-0.21%
UBER	D	-0.21%
HPQ	B	-0.2%
MANH	D	-0.2%
FTI	A	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
UNH	C	-0.19%
LULU	C	-0.18%
DXCM	D	-0.18%
STX	D	-0.18%
WWD	B	-0.17%
MNDY	C	-0.16%
AER	B	-0.16%
CYBR	B	-0.16%
ERIE	D	-0.16%