IWX vs. RAYD ETF Comparison

Comparison of iShares Russell Top 200 Value ETF (IWX) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. 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 Russell Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.27

Average Daily Volume

315,888

Number of Holdings ^*

158

* 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	IWX	RAYD
30 Days	2.62%	4.23%
60 Days	4.46%	5.09%
90 Days	6.64%	6.59%
12 Months	28.30%	37.58%

26 Overlapping Holdings

Symbol	Grade	Weight in IWX	Weight in RAYD	Overlap
ABBV	D	1.0%	0.42%	0.42%
ADP	B	0.05%	0.86%	0.05%
AZO	C	0.03%	0.29%	0.03%
BKNG	A	0.06%	1.88%	0.06%
CL	D	0.21%	0.95%	0.21%
DASH	A	0.04%	0.62%	0.04%
DIS	B	1.27%	0.22%	0.22%
FTNT	C	0.07%	0.58%	0.07%
GM	B	0.38%	0.35%	0.35%
GS	A	0.83%	0.33%	0.33%
HCA	F	0.29%	0.98%	0.29%
INTC	D	0.62%	0.33%	0.33%
JNJ	D	2.24%	0.39%	0.39%
LMT	D	0.47%	0.45%	0.45%
MCK	B	0.27%	1.25%	0.27%
MMM	D	0.35%	1.18%	0.35%
MO	A	0.58%	1.32%	0.58%
MSI	B	0.26%	0.79%	0.26%
MU	D	0.64%	0.66%	0.64%
PG	A	1.87%	0.54%	0.54%
PGR	A	0.14%	1.11%	0.14%
PM	B	1.2%	0.79%	0.79%
T	A	0.98%	1.15%	0.98%
TMUS	B	0.69%	0.34%	0.34%
UNH	C	3.06%	0.19%	0.19%
VZ	C	1.06%	0.18%	0.18%

IWX Overweight 132 Positions Relative to RAYD

Symbol	Grade	Weight
BRK.A	B	5.18%
JPM	A	4.24%
XOM	B	3.23%
WMT	A	2.2%
BAC	A	1.91%
CVX	A	1.68%
WFC	A	1.57%
CSCO	B	1.4%
ACN	C	1.34%
LIN	D	1.3%
ABT	B	1.21%
MCD	D	1.19%
TMO	F	1.18%
IBM	C	1.13%
CMCSA	B	0.99%
TXN	C	0.97%
CAT	B	0.97%
NEE	D	0.95%
SPGI	C	0.95%
RTX	C	0.95%
LOW	D	0.93%
BLK	C	0.93%
GE	D	0.91%
DHR	F	0.9%
MS	A	0.88%
ETN	A	0.86%
PFE	D	0.85%
COP	C	0.79%
C	A	0.79%
BSX	B	0.77%
HON	B	0.76%
CB	C	0.7%
BMY	B	0.69%
MDT	D	0.68%
GILD	C	0.66%
SCHW	B	0.65%
PLD	D	0.63%
ADI	D	0.62%
KO	D	0.62%
DE	A	0.61%
AXP	A	0.61%
SYK	C	0.6%
UPS	C	0.59%
SO	D	0.58%
MMC	B	0.57%
PH	A	0.54%
GEV	B	0.54%
PYPL	B	0.53%
ICE	C	0.53%
MDLZ	F	0.52%
DUK	C	0.52%
PNC	B	0.5%
FI	A	0.5%
BA	F	0.49%
EQIX	A	0.49%
CME	A	0.49%
CI	F	0.49%
HD	A	0.49%
WELL	A	0.49%
EOG	A	0.47%
USB	A	0.47%
ELV	F	0.47%
GD	F	0.47%
AMD	F	0.45%
AON	A	0.45%
UNP	C	0.45%
REGN	F	0.44%
EMR	A	0.44%
APD	A	0.43%
KKR	A	0.43%
MRVL	B	0.42%
COF	B	0.42%
TGT	F	0.42%
CRH	A	0.41%
NOC	D	0.41%
CSX	B	0.41%
FDX	B	0.4%
CVS	D	0.4%
BDX	F	0.39%
CARR	D	0.38%
MAR	B	0.38%
TT	A	0.37%
FCX	D	0.37%
SLB	C	0.37%
TFC	A	0.37%
NSC	B	0.36%
CEG	D	0.36%
TRV	B	0.36%
VRTX	F	0.36%
PCAR	B	0.35%
ROP	B	0.35%
SRE	A	0.35%
JCI	C	0.34%
TDG	D	0.33%
PSX	C	0.33%
MPC	D	0.33%
TJX	A	0.33%
AEP	D	0.31%
MET	A	0.3%
AIG	B	0.3%
ITW	B	0.3%
D	C	0.29%
PEP	F	0.28%
CRM	B	0.28%
NEM	D	0.28%
VLO	C	0.27%
PSA	D	0.27%
RSG	A	0.26%
F	C	0.26%
STZ	D	0.23%
APH	A	0.21%
NKE	D	0.21%
KDP	D	0.21%
EW	C	0.2%
OXY	D	0.2%
AMGN	D	0.2%
DELL	C	0.18%
KHC	F	0.17%
KMB	D	0.16%
SBUX	A	0.15%
APO	B	0.13%
ZTS	D	0.08%
QCOM	F	0.07%
AMAT	F	0.07%
MRNA	F	0.07%
EL	F	0.06%
ECL	D	0.05%
SHW	A	0.05%
MNST	C	0.04%
ORLY	B	0.03%
CPRT	A	0.02%
CTAS	B	0.02%

IWX Underweight 85 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	C	-5.62%
AAPL	C	-5.42%
MSFT	F	-4.67%
AMZN	C	-3.47%
GOOGL	C	-2.82%
COST	B	-2.39%
SPOT	B	-2.2%
BRBR	A	-1.62%
LLY	F	-1.51%
META	D	-1.48%
MELI	D	-1.39%
SFM	A	-1.19%
COKE	C	-0.99%
MUSA	A	-0.92%
CVLT	B	-0.87%
ALL	A	-0.82%
THC	D	-0.8%
APP	B	-0.74%
EVR	B	-0.72%
MORN	B	-0.68%
NFLX	A	-0.64%
EXEL	B	-0.63%
TRGP	B	-0.6%
HRB	D	-0.56%
COR	B	-0.56%
CRWD	B	-0.55%
DFS	B	-0.51%
MRK	F	-0.51%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	C	-0.48%
V	A	-0.48%
FICO	B	-0.47%
WING	D	-0.45%
PANW	C	-0.45%
DECK	A	-0.43%
GOOG	C	-0.39%
RBLX	C	-0.38%
ALNY	D	-0.36%
CMG	B	-0.36%
WFRD	D	-0.35%
ORI	A	-0.35%
GRMN	B	-0.35%
GRAB	B	-0.34%
ZM	B	-0.34%
CAH	B	-0.33%
TXRH	C	-0.33%
NOW	A	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	B	-0.29%
GDDY	A	-0.29%
SMAR	A	-0.29%
MCO	B	-0.29%
LPLA	A	-0.28%
HIG	B	-0.28%
VRSN	F	-0.26%
DOCU	A	-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%
LDOS	C	-0.21%
RMD	C	-0.21%
NTAP	C	-0.21%
UBER	D	-0.21%
HPQ	B	-0.2%
MANH	D	-0.2%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	D	-0.19%
RGLD	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%
NRG	B	-0.16%
CYBR	B	-0.16%
UHS	D	-0.16%
RPRX	D	-0.16%
ERIE	D	-0.16%