QLV vs. RAYD ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* 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	QLV	RAYD
30 Days	0.23%	4.23%
60 Days	1.42%	5.09%
90 Days	3.24%	6.59%
12 Months	25.29%	37.58%

27 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in RAYD	Overlap
AAPL	C	5.13%	5.42%	5.13%
ABBV	D	0.97%	0.42%	0.42%
ADP	B	0.92%	0.86%	0.86%
ALL	A	0.62%	0.82%	0.62%
AMZN	C	2.5%	3.47%	2.5%
AZO	C	0.56%	0.29%	0.29%
CHKP	D	0.72%	0.25%	0.25%
COR	B	0.2%	0.56%	0.2%
GOOG	C	0.62%	0.39%	0.39%
GOOGL	C	0.87%	2.82%	0.87%
JNJ	D	1.68%	0.39%	0.39%
LLY	F	2.4%	1.51%	1.51%
LMT	D	1.07%	0.45%	0.45%
MCK	B	0.35%	1.25%	0.35%
META	D	1.27%	1.48%	1.27%
MRK	F	2.29%	0.51%	0.51%
MSFT	F	7.86%	4.67%	4.67%
NVDA	C	5.54%	5.62%	5.54%
PG	A	3.17%	0.54%	0.54%
PM	B	0.21%	0.79%	0.21%
RGLD	C	0.77%	0.19%	0.19%
T	A	1.46%	1.15%	1.15%
TMUS	B	1.14%	0.34%	0.34%
UNH	C	0.07%	0.19%	0.07%
V	A	2.25%	0.48%	0.48%
VZ	C	1.58%	0.18%	0.18%
ZM	B	0.7%	0.34%	0.34%

QLV Overweight 87 Positions Relative to RAYD

Symbol	Grade	Weight
MCD	D	1.97%
IBM	C	1.77%
PEP	F	1.52%
XOM	B	1.15%
GILD	C	1.11%
ABT	B	0.92%
CME	A	0.91%
QLYS	C	0.89%
ATR	B	0.89%
WTW	B	0.87%
DUK	C	0.87%
TXN	C	0.86%
PSA	D	0.84%
AIZ	A	0.84%
WEC	A	0.83%
WDFC	B	0.81%
TYL	B	0.81%
ED	D	0.77%
K	A	0.77%
DOX	D	0.76%
LSTR	D	0.74%
CHE	D	0.74%
AMGN	D	0.73%
CB	C	0.72%
GIS	D	0.72%
WM	A	0.68%
SO	D	0.68%
QGEN	D	0.67%
TRV	B	0.66%
DTM	B	0.65%
DLR	B	0.65%
AVY	D	0.64%
CALM	A	0.62%
EQIX	A	0.62%
XEL	A	0.62%
GD	F	0.61%
PKG	A	0.61%
SMMT	D	0.61%
NOC	D	0.6%
BRK.A	B	0.59%
CINF	A	0.59%
RSG	A	0.58%
WCN	A	0.57%
CTVA	C	0.57%
AEE	A	0.56%
SIGI	C	0.55%
STNG	F	0.55%
MKL	A	0.54%
CMS	C	0.53%
JKHY	D	0.53%
SCI	B	0.53%
CTRA	B	0.53%
WRB	A	0.53%
ADC	B	0.52%
AEP	D	0.52%
PNW	B	0.52%
TSCO	D	0.5%
BAH	F	0.5%
SON	D	0.49%
CHRW	C	0.49%
FLO	D	0.47%
REGN	F	0.47%
HSY	F	0.46%
TTEK	F	0.46%
NBIX	C	0.43%
HRL	D	0.4%
AVGO	D	0.4%
VRSK	A	0.39%
BMRN	D	0.37%
NFG	A	0.37%
HII	D	0.36%
SLGN	A	0.33%
DDS	B	0.3%
BMI	B	0.28%
CRUS	D	0.26%
EA	A	0.23%
JPM	A	0.21%
LIN	D	0.19%
ALKS	B	0.19%
ADI	D	0.15%
ROP	B	0.14%
NCNO	B	0.13%
CAG	D	0.13%
L	A	0.11%
CWAN	B	0.09%
MMC	B	0.05%
EXPD	D	0.03%

QLV Underweight 84 Positions Relative to RAYD

Symbol	Grade	Weight
COST	B	-2.39%
SPOT	B	-2.2%
BKNG	A	-1.88%
BRBR	A	-1.62%
MELI	D	-1.39%
MO	A	-1.32%
SFM	A	-1.19%
MMM	D	-1.18%
PGR	A	-1.11%
COKE	C	-0.99%
HCA	F	-0.98%
CL	D	-0.95%
MUSA	A	-0.92%
CVLT	B	-0.87%
THC	D	-0.8%
MSI	B	-0.79%
APP	B	-0.74%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
NFLX	A	-0.64%
EXEL	B	-0.63%
DASH	A	-0.62%
TRGP	B	-0.6%
FTNT	C	-0.58%
HRB	D	-0.56%
CRWD	B	-0.55%
DFS	B	-0.51%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	C	-0.48%
FICO	B	-0.47%
WING	D	-0.45%
PANW	C	-0.45%
DECK	A	-0.43%
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%
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%
HSBH	B	-0.24%
HLI	B	-0.23%
LPX	B	-0.23%
TSN	B	-0.23%
DIS	B	-0.22%
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%
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%