JVAL vs. RAYD ETF Comparison

Comparison of JPMorgan U.S. Value Factor ETF (JVAL) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent value factor characteristics.

Grade (RS Rating)

Last Trade

$45.72

Average Daily Volume

59,766

Number of Holdings ^*

362

* 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

$32.60

Average Daily Volume

4,037

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JVAL	RAYD
30 Days	5.83%	4.79%
60 Days	5.33%	5.08%
90 Days	7.71%	7.06%
12 Months	30.09%	37.73%

30 Overlapping Holdings

Symbol	Grade	Weight in JVAL	Weight in RAYD	Overlap
AAPL	B	1.93%	5.04%	1.93%
ALSN	B	0.28%	0.98%	0.28%
APP	B	1.01%	0.87%	0.87%
AYI	B	0.19%	0.57%	0.19%
DOCU	A	0.19%	0.26%	0.19%
GDDY	B	0.33%	0.29%	0.29%
GM	B	0.42%	0.93%	0.42%
GOOGL	C	2.17%	2.85%	2.17%
GRMN	A	0.32%	0.34%	0.32%
HRB	D	0.19%	0.54%	0.19%
LDOS	D	0.27%	0.18%	0.18%
META	D	2.1%	1.48%	1.48%
MO	A	0.52%	1.57%	0.52%
MSFT	D	1.76%	4.59%	1.76%
MU	D	0.42%	0.34%	0.34%
MUSA	B	0.17%	0.36%	0.17%
NTAP	C	0.29%	0.22%	0.22%
ORI	A	0.23%	0.36%	0.23%
PM	B	0.55%	0.82%	0.55%
PNW	B	0.23%	1.22%	0.23%
RPRX	D	0.12%	0.17%	0.12%
T	A	0.68%	0.96%	0.68%
THC	D	0.2%	1.51%	0.2%
TSN	B	0.1%	0.24%	0.1%
UHS	D	0.2%	0.16%	0.16%
UNH	B	1.78%	0.56%	0.56%
UTHR	C	0.24%	0.19%	0.19%
VRSN	F	0.13%	0.26%	0.13%
VZ	B	0.2%	0.19%	0.19%
ZM	B	0.29%	0.32%	0.29%

JVAL Overweight 332 Positions Relative to RAYD

Symbol	Grade	Weight
AVGO	D	1.84%
CRM	B	1.29%
ORCL	C	1.27%
JNJ	D	1.24%
IBM	C	0.87%
CAT	B	0.85%
HD	A	0.82%
TXN	D	0.8%
QCOM	F	0.77%
CSCO	A	0.76%
CVX	B	0.76%
INTU	C	0.75%
AMAT	F	0.67%
C	A	0.66%
MRK	F	0.66%
AMGN	D	0.63%
PFE	D	0.62%
INTC	C	0.59%
ADI	D	0.54%
BMY	B	0.51%
MDT	D	0.5%
GILD	B	0.5%
APH	B	0.5%
LRCX	F	0.49%
MRVL	B	0.49%
CMCSA	C	0.48%
VRT	B	0.48%
CI	D	0.47%
RTX	D	0.47%
COF	B	0.47%
BAC	A	0.46%
ELV	F	0.44%
KLAC	F	0.44%
CVS	D	0.43%
KMI	B	0.42%
USB	A	0.42%
TFC	B	0.41%
BK	A	0.41%
FDX	B	0.41%
JCI	C	0.41%
CMI	A	0.4%
ROP	B	0.39%
PSX	C	0.38%
DELL	C	0.37%
PCAR	B	0.37%
TWLO	B	0.37%
PRU	A	0.36%
AIG	B	0.36%
MPC	F	0.36%
GD	F	0.35%
SYF	A	0.34%
ETR	B	0.34%
GLW	B	0.34%
DHI	D	0.33%
SPG	C	0.33%
F	C	0.33%
FITB	B	0.32%
HPE	B	0.32%
CTSH	B	0.32%
HPQ	B	0.32%
DD	D	0.31%
SNA	A	0.31%
LEN	C	0.31%
KR	A	0.31%
LHX	C	0.3%
PKG	B	0.3%
STT	A	0.3%
PAYC	A	0.3%
HBAN	B	0.3%
NUE	D	0.3%
PNR	B	0.29%
WSM	B	0.29%
JEF	A	0.29%
VICI	C	0.29%
ED	D	0.29%
UAL	B	0.29%
DOV	A	0.29%
UNM	A	0.29%
EBAY	C	0.29%
DAL	B	0.28%
WDAY	C	0.28%
MTB	B	0.28%
MCHP	F	0.28%
CFG	B	0.28%
ON	C	0.28%
JBL	C	0.28%
PPL	B	0.28%
GEN	A	0.27%
RF	B	0.27%
TGT	F	0.27%
PHM	C	0.27%
IP	B	0.27%
FFIV	A	0.27%
TOL	A	0.26%
DGX	B	0.26%
EPAM	C	0.26%
TPR	A	0.26%
GIS	D	0.26%
RS	B	0.26%
OC	B	0.26%
WCC	B	0.26%
BLDR	C	0.25%
FOXA	C	0.25%
OMC	C	0.25%
R	B	0.25%
PEGA	A	0.25%
EVRG	A	0.25%
VTRS	B	0.25%
CTRA	B	0.25%
KHC	D	0.25%
ADM	F	0.25%
MRO	B	0.25%
TAP	C	0.24%
LAD	B	0.24%
NWSA	B	0.24%
DBX	C	0.24%
DLB	B	0.24%
VLO	C	0.24%
SCI	A	0.24%
SSNC	A	0.24%
PFG	C	0.24%
BBY	D	0.23%
SNV	B	0.23%
OGE	A	0.23%
KIM	A	0.23%
CDW	F	0.23%
LYB	F	0.23%
DOX	D	0.22%
SLGN	A	0.22%
CACI	D	0.22%
ZI	C	0.22%
OMF	A	0.22%
RL	B	0.22%
WAL	B	0.22%
CCK	D	0.22%
OSK	B	0.22%
DOW	F	0.22%
OHI	D	0.22%
CMA	A	0.22%
DRI	B	0.22%
SNX	C	0.22%
AMCR	D	0.22%
KEY	A	0.22%
UGI	A	0.21%
CNH	A	0.21%
MTG	B	0.21%
GFS	C	0.21%
CNC	F	0.21%
OVV	C	0.21%
DNB	B	0.21%
BPOP	B	0.21%
NXST	C	0.21%
AVT	C	0.21%
DKS	C	0.21%
GPK	C	0.21%
MOS	F	0.21%
FNB	B	0.21%
TER	F	0.21%
AKAM	F	0.21%
EXC	D	0.21%
FAF	B	0.2%
VAC	B	0.2%
HIW	D	0.2%
CAG	D	0.2%
JHG	A	0.2%
BERY	B	0.2%
AN	B	0.2%
NVR	D	0.2%
KBR	F	0.2%
HUM	C	0.2%
SWKS	F	0.2%
AGO	A	0.2%
ALLY	C	0.2%
BC	C	0.2%
NFG	B	0.2%
TNL	A	0.19%
GPC	D	0.19%
ZION	B	0.19%
ARW	D	0.19%
THO	B	0.19%
FHN	B	0.19%
GPN	C	0.19%
ANSS	B	0.19%
WHR	B	0.19%
SAIC	F	0.19%
OLED	F	0.19%
GAP	C	0.18%
BYD	B	0.18%
AGCO	D	0.18%
STWD	C	0.18%
TXT	D	0.18%
M	D	0.18%
HOG	F	0.18%
PAG	B	0.18%
MGM	F	0.18%
CRBG	B	0.18%
IVZ	B	0.18%
COLB	B	0.18%
RHI	C	0.18%
MTCH	F	0.18%
MSM	C	0.18%
EPR	D	0.18%
MAN	D	0.17%
IPG	C	0.17%
DV	C	0.17%
ST	F	0.17%
WBS	B	0.17%
CPB	D	0.17%
ACI	C	0.17%
ZBH	C	0.17%
PTC	A	0.17%
GNTX	C	0.17%
PVH	C	0.16%
DXC	B	0.16%
KSS	F	0.16%
CRUS	F	0.16%
LKQ	D	0.16%
WU	D	0.16%
LH	B	0.16%
DINO	F	0.16%
AXS	A	0.16%
CRI	F	0.15%
BEN	C	0.15%
PH	A	0.15%
CLVT	F	0.15%
INGR	B	0.15%
LVS	C	0.15%
EHC	B	0.15%
JWN	A	0.15%
GLOB	B	0.15%
BWA	C	0.15%
PB	B	0.15%
HII	F	0.15%
POOL	C	0.14%
WEN	D	0.14%
G	B	0.14%
IPGP	D	0.14%
QRVO	F	0.14%
PR	C	0.14%
U	C	0.14%
CXT	B	0.14%
BG	F	0.14%
KRC	C	0.14%
SJM	D	0.14%
POST	B	0.13%
JAZZ	B	0.13%
REG	B	0.13%
PSN	D	0.13%
LEA	F	0.13%
DVN	F	0.13%
BAX	F	0.13%
WH	A	0.13%
RVTY	D	0.13%
GLPI	B	0.13%
ARMK	A	0.13%
DG	F	0.13%
OZK	B	0.13%
GTES	A	0.13%
PK	B	0.13%
FIS	D	0.13%
MDU	F	0.13%
HST	C	0.13%
FHB	B	0.13%
INFA	D	0.12%
CUZ	B	0.12%
APTV	F	0.12%
TDC	D	0.12%
PARA	C	0.12%
ENTG	D	0.12%
NWL	A	0.12%
FMC	D	0.12%
BBWI	C	0.12%
PATH	C	0.12%
FBIN	D	0.12%
LPX	B	0.12%
OKTA	C	0.12%
SWK	D	0.12%
WPC	D	0.12%
SON	D	0.12%
PNC	A	0.12%
IAC	D	0.11%
CROX	F	0.11%
PRGO	C	0.11%
CNXC	F	0.11%
PINC	B	0.11%
BSY	D	0.11%
NNN	D	0.11%
AGNC	D	0.11%
DDS	B	0.11%
ADTN	B	0.11%
D	C	0.1%
AAP	C	0.1%
VOYA	B	0.1%
SIRI	C	0.1%
COLM	A	0.1%
SPB	C	0.1%
CWEN	C	0.1%
LEG	D	0.1%
HRL	D	0.1%
CIVI	D	0.1%
SNDR	B	0.1%
AGR	B	0.1%
PPC	C	0.09%
MPW	F	0.09%
PII	F	0.09%
RGA	A	0.09%
BOKF	B	0.09%
SEE	C	0.09%
VFC	C	0.08%
LNC	B	0.08%
MTN	C	0.08%
TFX	F	0.07%
AMKR	F	0.07%
HSIC	B	0.07%
DT	C	0.06%
BDX	F	0.06%
CF	B	0.06%
FTRE	C	0.06%
FANG	F	0.06%
SOLV	C	0.05%
OGN	F	0.05%
AL	A	0.05%
EQR	B	0.04%
NVT	B	0.04%
CE	F	0.04%
UHAL	D	0.04%
HUN	F	0.03%
CLF	F	0.02%
BRX	A	0.01%
CPRI	F	0.01%
ALGM	D	0.0%
LOPE	B	0.0%

JVAL Underweight 68 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	C	-5.39%
AMZN	C	-3.25%
BKNG	B	-2.43%
COST	B	-2.4%
SPOT	B	-2.01%
BRBR	B	-1.69%
EXEL	A	-1.53%
MELI	C	-1.44%
LLY	F	-1.43%
SFM	B	-1.19%
PGR	A	-1.11%
GWRE	B	-1.02%
CL	D	-1.0%
HCA	F	-0.95%
SMAR	A	-0.91%
RYAN	A	-0.9%
FTNT	C	-0.9%
TXRH	A	-0.9%
FICO	B	-0.88%
HSBH	B	-0.87%
AZO	C	-0.83%
DASH	A	-0.82%
CVLT	B	-0.82%
MSI	C	-0.79%
MCK	C	-0.74%
TRGP	B	-0.64%
HLNE	A	-0.62%
TRV	B	-0.61%
OTIS	C	-0.6%
MMM	D	-0.57%
HIG	B	-0.57%
COR	C	-0.55%
GEV	C	-0.53%
EVR	B	-0.53%
COKE	C	-0.5%
JXN	B	-0.47%
WING	F	-0.45%
ADP	B	-0.45%
LMT	D	-0.44%
ALL	B	-0.43%
VLTO	C	-0.42%
GOOG	C	-0.4%
MORN	A	-0.39%
RBLX	C	-0.38%
WFRD	F	-0.36%
NFLX	B	-0.36%
ALNY	D	-0.35%
BAH	F	-0.34%
CLX	C	-0.34%
TMUS	A	-0.33%
NOW	B	-0.32%
CAH	B	-0.31%
CNA	B	-0.29%
LPLA	B	-0.29%
MCO	A	-0.29%
VEEV	B	-0.27%
CHKP	D	-0.25%
HLI	A	-0.24%
XRX	F	-0.23%
RMD	C	-0.22%
DXCM	C	-0.2%
CYBR	B	-0.18%
NRG	C	-0.17%
LULU	C	-0.17%
WWD	B	-0.17%
ERIE	D	-0.17%
AER	A	-0.16%
MNDY	C	-0.15%