RAFE vs. RAYD ETF Comparison

Comparison of PIMCO RAFI ESG U.S. ETF (RAFE) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$37.82

Average Daily Volume

12,485

Number of Holdings ^*

238

* 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	RAFE	RAYD
30 Days	1.92%	4.23%
60 Days	3.06%	5.09%
90 Days	4.90%	6.59%
12 Months	24.12%	37.58%

36 Overlapping Holdings

Symbol	Grade	Weight in RAFE	Weight in RAYD	Overlap
AAPL	C	6.52%	5.42%	5.42%
ABBV	D	1.53%	0.42%	0.42%
ADP	B	0.45%	0.86%	0.45%
ALL	A	0.58%	0.82%	0.58%
CAH	B	0.29%	0.33%	0.29%
CL	D	0.37%	0.95%	0.37%
COR	B	0.13%	0.56%	0.13%
DIS	B	1.2%	0.22%	0.22%
GM	B	2.16%	0.35%	0.35%
GS	A	0.98%	0.33%	0.33%
HCA	F	0.09%	0.98%	0.09%
HIG	B	0.27%	0.28%	0.27%
HPQ	B	0.72%	0.2%	0.2%
INTC	D	2.85%	0.33%	0.33%
JNJ	D	3.18%	0.39%	0.39%
LLY	F	0.67%	1.51%	0.67%
MCK	B	0.43%	1.25%	0.43%
MCO	B	0.16%	0.29%	0.16%
META	D	1.2%	1.48%	1.2%
MMM	D	1.07%	1.18%	1.07%
MRK	F	1.69%	0.51%	0.51%
MSFT	F	5.72%	4.67%	4.67%
MSI	B	0.21%	0.79%	0.21%
MU	D	0.95%	0.66%	0.66%
NFLX	A	0.09%	0.64%	0.09%
NTAP	C	0.29%	0.21%	0.21%
NVDA	C	1.12%	5.62%	1.12%
PG	A	2.84%	0.54%	0.54%
PGR	A	0.25%	1.11%	0.25%
T	A	2.41%	1.15%	1.15%
TMUS	B	0.46%	0.34%	0.34%
TSN	B	0.07%	0.23%	0.07%
UNH	C	0.58%	0.19%	0.19%
V	A	1.09%	0.48%	0.48%
VZ	C	1.69%	0.18%	0.18%
XRX	F	0.05%	0.22%	0.05%

RAFE Overweight 202 Positions Relative to RAYD

Symbol	Grade	Weight
JPM	A	4.09%
C	A	3.25%
CSCO	B	2.94%
WFC	A	2.82%
PFE	D	2.32%
BMY	B	1.97%
IBM	C	1.81%
HD	A	1.77%
ORCL	B	1.68%
QCOM	F	1.6%
CMCSA	B	1.55%
CI	F	1.3%
AVGO	D	1.26%
TGT	F	1.18%
ABT	B	1.18%
LOW	D	1.14%
F	C	1.14%
LIN	D	1.12%
AMGN	D	1.08%
GILD	C	0.99%
KO	D	0.98%
ACN	C	0.97%
ELV	F	0.89%
BAC	A	0.86%
TXN	C	0.83%
AMAT	F	0.81%
MA	C	0.79%
BLK	C	0.71%
HPE	B	0.7%
MET	A	0.7%
AXP	A	0.63%
ADBE	C	0.63%
PYPL	B	0.62%
DD	D	0.59%
CRM	B	0.58%
JCI	C	0.55%
UPS	C	0.54%
DE	A	0.54%
PRU	A	0.51%
BBY	D	0.5%
LRCX	F	0.5%
DOW	F	0.5%
TSLA	B	0.49%
TJX	A	0.49%
NKE	D	0.48%
NEM	D	0.46%
DHR	F	0.46%
FDX	B	0.45%
WM	A	0.44%
IP	B	0.43%
APD	A	0.42%
EBAY	D	0.41%
HUM	C	0.41%
CVS	D	0.4%
WDC	D	0.37%
ADI	D	0.37%
CARR	D	0.37%
CBRE	B	0.37%
FIS	C	0.36%
WELL	A	0.33%
ADM	D	0.33%
GIS	D	0.32%
BDX	F	0.32%
ITW	B	0.31%
EA	A	0.31%
KMB	D	0.3%
MDLZ	F	0.29%
MAR	B	0.28%
PEP	F	0.28%
FI	A	0.28%
BIIB	F	0.27%
GEHC	F	0.27%
CCI	D	0.27%
STT	A	0.26%
WY	D	0.26%
ECL	D	0.26%
EIX	B	0.25%
AMP	A	0.25%
SYY	B	0.24%
EQIX	A	0.24%
VTR	C	0.23%
OC	A	0.22%
KLAC	D	0.21%
LUMN	C	0.21%
WHR	B	0.21%
CMI	A	0.21%
JLL	D	0.21%
PFG	D	0.2%
PARA	C	0.2%
KHC	F	0.2%
PPG	F	0.2%
LH	C	0.19%
JNPR	F	0.19%
IRM	D	0.19%
FOXA	B	0.19%
MOS	F	0.19%
AMT	D	0.19%
BK	A	0.19%
K	A	0.18%
BAX	D	0.18%
CTSH	B	0.18%
VFC	C	0.18%
DVA	B	0.17%
GWW	B	0.17%
TPR	B	0.16%
CF	B	0.16%
AVB	B	0.16%
BALL	D	0.16%
EW	C	0.16%
EQR	B	0.16%
PKG	A	0.15%
ARW	D	0.15%
DG	F	0.15%
HLT	A	0.15%
SHW	A	0.15%
A	D	0.15%
KDP	D	0.14%
AWK	D	0.14%
ISRG	A	0.14%
OMC	C	0.14%
KSS	F	0.14%
ZTS	D	0.14%
FAST	B	0.13%
CDNS	B	0.13%
FITB	A	0.13%
CNC	D	0.13%
MRVL	B	0.13%
DELL	C	0.13%
OTIS	C	0.12%
TROW	B	0.12%
EL	F	0.12%
SYK	C	0.12%
IFF	D	0.12%
HOLX	D	0.11%
PAYX	C	0.11%
WAT	B	0.11%
HST	C	0.11%
TSCO	D	0.11%
SWK	D	0.11%
BSX	B	0.11%
GAP	C	0.11%
PVH	C	0.11%
ON	D	0.1%
KEYS	A	0.1%
SPGI	C	0.1%
LKQ	D	0.09%
WAB	B	0.09%
SOLV	C	0.09%
WBA	F	0.09%
VTRS	A	0.09%
AVT	C	0.09%
SJM	D	0.09%
USFD	A	0.09%
TER	D	0.09%
CDW	F	0.09%
ILMN	D	0.08%
SNPS	B	0.08%
GPC	D	0.08%
PLD	D	0.08%
LNC	B	0.08%
DOX	D	0.08%
LEA	D	0.08%
DXC	B	0.07%
DGX	A	0.07%
KIM	A	0.07%
NDAQ	A	0.07%
CHD	B	0.07%
HUN	F	0.07%
CAG	D	0.07%
AKAM	D	0.07%
MAA	B	0.07%
NTRS	A	0.07%
NWSA	B	0.07%
DOV	A	0.06%
KD	B	0.06%
HSY	F	0.06%
HSIC	B	0.06%
EQH	B	0.06%
GT	C	0.06%
MCHP	D	0.06%
AMD	F	0.06%
ESS	B	0.05%
MHK	D	0.05%
HAS	D	0.05%
CTVA	C	0.05%
FL	F	0.05%
CPB	D	0.05%
ORLY	B	0.05%
ROK	B	0.05%
AAP	C	0.04%
OGN	D	0.04%
WU	D	0.04%
GEN	B	0.04%
AGCO	D	0.04%
NWL	B	0.04%
FLEX	A	0.04%
RSG	A	0.04%
MAN	D	0.03%
M	D	0.03%
O	D	0.02%
ANET	C	0.02%
HRL	D	0.01%

RAFE Underweight 75 Positions Relative to RAYD

Symbol	Grade	Weight
AMZN	C	-3.47%
GOOGL	C	-2.82%
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%
COKE	C	-0.99%
MUSA	A	-0.92%
CVLT	B	-0.87%
THC	D	-0.8%
PM	B	-0.79%
APP	B	-0.74%
EVR	B	-0.72%
MORN	B	-0.68%
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%
LMT	D	-0.45%
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%
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%
AZO	C	-0.29%
LPLA	A	-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%
LDOS	C	-0.21%
RMD	C	-0.21%
UBER	D	-0.21%
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%