RAYD vs. FCTR ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

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 ^*

* may have additional holdings in another (foreign) market

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

166

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	FCTR
30 Days	4.23%	9.38%
60 Days	5.09%	12.16%
90 Days	6.59%	17.79%
12 Months	37.58%	36.88%

27 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in FCTR	Overlap
AAPL	C	5.04%	0.66%	0.66%
ADP	B	0.45%	1.1%	0.45%
ALNY	D	0.35%	0.43%	0.35%
APP	B	0.87%	3.82%	0.87%
BKNG	A	2.43%	0.29%	0.29%
CL	D	1.0%	1.01%	1.0%
COST	B	2.4%	0.34%	0.34%
DASH	A	0.82%	0.47%	0.47%
DXCM	D	0.2%	0.4%	0.2%
ERIE	D	0.17%	0.45%	0.17%
FICO	B	0.88%	1.51%	0.88%
HCA	F	0.95%	0.33%	0.33%
LDOS	C	0.18%	0.8%	0.18%
LLY	F	1.43%	0.72%	0.72%
LMT	D	0.44%	0.45%	0.44%
MCO	B	0.29%	0.39%	0.29%
META	D	1.48%	0.45%	0.45%
MSFT	F	4.59%	0.36%	0.36%
MSI	B	0.79%	1.73%	0.79%
NFLX	A	0.36%	0.47%	0.36%
NOW	A	0.32%	0.51%	0.32%
NVDA	C	5.39%	0.77%	0.77%
PGR	A	1.11%	0.48%	0.48%
RBLX	C	0.38%	0.49%	0.38%
THC	D	1.51%	0.81%	0.81%
TRGP	B	0.64%	0.73%	0.64%
VRSN	F	0.26%	0.87%	0.26%

RAYD Overweight 71 Positions Relative to FCTR

Symbol	Grade	Weight
AMZN	C	3.25%
GOOGL	C	2.85%
SPOT	B	2.01%
BRBR	A	1.69%
MO	A	1.57%
EXEL	B	1.53%
MELI	D	1.44%
PNW	B	1.22%
SFM	A	1.19%
GWRE	A	1.02%
ALSN	B	0.98%
T	A	0.96%
GM	B	0.93%
SMAR	A	0.91%
RYAN	B	0.9%
FTNT	C	0.9%
TXRH	C	0.9%
HSBH	B	0.87%
AZO	C	0.83%
PM	B	0.82%
CVLT	B	0.82%
MCK	B	0.74%
HLNE	B	0.62%
TRV	B	0.61%
OTIS	C	0.6%
AYI	B	0.57%
MMM	D	0.57%
HIG	B	0.57%
UNH	C	0.56%
COR	B	0.55%
HRB	D	0.54%
GEV	B	0.53%
EVR	B	0.53%
COKE	C	0.5%
JXN	C	0.47%
WING	D	0.45%
ALL	A	0.43%
VLTO	D	0.42%
GOOG	C	0.4%
MORN	B	0.39%
ORI	A	0.36%
WFRD	D	0.36%
MUSA	A	0.36%
BAH	F	0.34%
MU	D	0.34%
CLX	B	0.34%
GRMN	B	0.34%
TMUS	B	0.33%
ZM	B	0.32%
CAH	B	0.31%
CNA	B	0.29%
LPLA	A	0.29%
GDDY	A	0.29%
VEEV	C	0.27%
DOCU	A	0.26%
CHKP	D	0.25%
TSN	B	0.24%
HLI	B	0.24%
XRX	F	0.23%
NTAP	C	0.22%
RMD	C	0.22%
VZ	C	0.19%
UTHR	C	0.19%
CYBR	B	0.18%
NRG	B	0.17%
RPRX	D	0.17%
LULU	C	0.17%
WWD	B	0.17%
UHS	D	0.16%
AER	B	0.16%
MNDY	C	0.15%

RAYD Underweight 139 Positions Relative to FCTR

Symbol	Grade	Weight
PLTR	B	-2.43%
MSTR	C	-2.06%
VST	B	-1.86%
AXON	A	-1.45%
PAYX	C	-1.42%
BR	A	-1.37%
SYK	C	-1.36%
MA	C	-1.36%
V	A	-1.34%
ANET	C	-1.24%
CTAS	B	-1.05%
ARES	A	-1.04%
APO	B	-1.03%
TDG	D	-0.99%
YUM	B	-0.95%
BRO	B	-0.94%
VRSK	A	-0.93%
HOOD	B	-0.92%
FI	A	-0.92%
ISRG	A	-0.91%
FDS	B	-0.9%
ROL	B	-0.9%
ITW	B	-0.84%
TT	A	-0.82%
ACGL	D	-0.8%
HWM	A	-0.79%
SYY	B	-0.77%
EME	C	-0.77%
ICE	C	-0.77%
TPL	A	-0.75%
MANH	D	-0.7%
CRWD	B	-0.68%
KKR	A	-0.68%
MCD	D	-0.65%
VICI	C	-0.63%
PH	A	-0.62%
IRM	D	-0.61%
TJX	A	-0.6%
TTD	B	-0.59%
NET	B	-0.58%
DDOG	A	-0.56%
RCL	A	-0.56%
HUBS	A	-0.55%
NI	A	-0.55%
CDNS	B	-0.54%
MMC	B	-0.54%
ZS	C	-0.53%
SBAC	D	-0.53%
LNG	B	-0.52%
KO	D	-0.52%
FAST	B	-0.52%
PG	A	-0.52%
TOL	B	-0.52%
SNOW	C	-0.51%
TTWO	A	-0.51%
PPL	B	-0.51%
ORCL	B	-0.51%
FE	C	-0.5%
SRE	A	-0.5%
PANW	C	-0.5%
ETR	B	-0.5%
MSCI	C	-0.49%
DRI	B	-0.49%
LNT	A	-0.49%
DUK	C	-0.49%
WEC	A	-0.48%
SPGI	C	-0.47%
ROST	C	-0.47%
BSX	B	-0.47%
CMS	C	-0.46%
BLK	C	-0.45%
DPZ	C	-0.45%
AEE	A	-0.45%
SO	D	-0.44%
SNPS	B	-0.44%
AVB	B	-0.43%
ED	D	-0.43%
AVGO	D	-0.43%
ORLY	B	-0.43%
EIX	B	-0.43%
ADSK	A	-0.42%
ROP	B	-0.42%
KDP	D	-0.42%
PHM	D	-0.42%
GLPI	C	-0.42%
URI	B	-0.41%
AEP	D	-0.41%
PPG	F	-0.41%
O	D	-0.41%
MDB	C	-0.4%
EXC	C	-0.4%
EQR	B	-0.4%
NOC	D	-0.4%
DTE	C	-0.4%
AFL	B	-0.4%
MDT	D	-0.39%
BDX	F	-0.39%
KMB	D	-0.39%
CARR	D	-0.38%
AWK	D	-0.38%
LW	C	-0.37%
ADBE	C	-0.37%
VRTX	F	-0.37%
PWR	A	-0.37%
INTU	C	-0.37%
LII	A	-0.37%
BSY	D	-0.37%
NVR	D	-0.36%
BX	A	-0.36%
OKE	A	-0.36%
GIS	D	-0.35%
PSA	D	-0.34%
AMT	D	-0.34%
DHI	D	-0.34%
CSL	C	-0.33%
KLAC	D	-0.32%
RIVN	F	-0.32%
MPWR	F	-0.31%
IDXX	F	-0.31%
FCNCA	A	-0.31%
ETN	A	-0.3%
GWW	B	-0.28%
ATO	A	-0.27%
CPAY	A	-0.26%
CSCO	B	-0.25%
RSG	A	-0.24%
HON	B	-0.24%
BRK.A	B	-0.24%
CHD	B	-0.23%
CB	C	-0.23%
CMG	B	-0.22%
WM	A	-0.22%
AME	A	-0.22%
PEP	F	-0.2%
HSY	F	-0.19%
PCAR	B	-0.19%
MDLZ	F	-0.19%
MNST	C	-0.19%
LECO	B	-0.17%