RAYD vs. FLRG ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to Fidelity U.S. Multifactor ETF (FLRG)

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

$29.96

Average Daily Volume

3,732

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$31.88

Average Daily Volume

14,730

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	FLRG
30 Days	2.46%	2.84%
60 Days	7.06%	6.24%
90 Days	7.50%	5.63%
12 Months	30.43%	23.78%

36 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in FLRG	Overlap
AAPL	A	5.14%	6.34%	5.14%
ABBV	C	0.44%	1.24%	0.44%
ABBV	C	0.2%	1.24%	0.2%
ADP	D	0.19%	0.95%	0.19%
BKNG	B	1.88%	1.11%	1.11%
BRBR	B	1.17%	0.67%	0.67%
CBOE	D	0.29%	0.74%	0.29%
CHRD	C	0.3%	0.89%	0.3%
CL	B	0.34%	0.88%	0.34%
CNC	D	0.18%	0.62%	0.18%
DBX	D	0.17%	0.17%	0.17%
GOOGL	A	1.69%	4.21%	1.69%
IBM	B	0.48%	0.52%	0.48%
JNJ	F	0.97%	1.28%	0.97%
KMB	B	0.31%	0.81%	0.31%
LLY	A	1.82%	2.29%	1.82%
MA	C	1.4%	1.45%	1.4%
MANH	B	0.25%	0.26%	0.25%
MCK	B	1.02%	0.89%	0.89%
META	A	1.87%	2.48%	1.87%
MO	A	0.46%	0.86%	0.46%
MOH	F	0.28%	0.56%	0.28%
MSFT	A	4.98%	6.81%	4.98%
NOW	A	0.59%	0.55%	0.55%
NVDA	B	6.96%	6.47%	6.47%
NYT	A	0.24%	0.23%	0.23%
PAYX	D	0.66%	0.85%	0.66%
PCAR	D	0.25%	0.9%	0.25%
PG	C	0.55%	1.43%	0.55%
RPRX	F	0.18%	0.6%	0.18%
T	B	0.31%	0.49%	0.31%
UTHR	B	0.17%	0.96%	0.17%
V	C	0.45%	1.55%	0.45%
VRSK	A	0.64%	0.94%	0.64%
VRSN	C	0.26%	0.23%	0.23%
VRTX	B	0.24%	0.92%	0.24%

RAYD Overweight 75 Positions Relative to FLRG

Symbol	Grade	Weight
AMZN	A	3.03%
COST	A	2.05%
EME	D	1.41%
WFRD	B	1.14%
SPOT	B	1.09%
BWLP	D	1.06%
MELI	B	1.02%
CMG	D	0.89%
NVS	A	0.81%
PANW	B	0.8%
CR	C	0.77%
QCOM	B	0.77%
SPNT	D	0.72%
TJX	A	0.7%
ALL	D	0.66%
UNH	D	0.65%
MEDP	C	0.62%
MUSA	C	0.57%
ETRN	D	0.56%
MRK	C	0.5%
DECK	C	0.49%
STLA	F	0.49%
OTIS	B	0.45%
INTC	C	0.44%
ANF	C	0.44%
DTM	B	0.39%
TEAM	C	0.39%
CAH	D	0.39%
MORN	B	0.38%
WMB	B	0.37%
NU	B	0.36%
PGR	B	0.36%
PSN	C	0.36%
CRWD	B	0.35%
JHX	D	0.33%
SFM	B	0.32%
GRMN	C	0.3%
MUFG	A	0.29%
GS	A	0.28%
GE	D	0.27%
GRAB	C	0.27%
FG	D	0.27%
UBER	B	0.25%
LOGI	C	0.25%
CHKP	A	0.25%
TEVA	C	0.25%
GDDY	A	0.24%
KR	C	0.23%
STZ	B	0.22%
TSN	D	0.22%
WSM	D	0.22%
XRX	F	0.21%
FTI	B	0.21%
PINS	B	0.2%
THC	C	0.2%
TT	B	0.2%
MMM	B	0.2%
SKX	C	0.2%
MMC	B	0.2%
PRU	B	0.2%
NTNX	C	0.19%
LULU	F	0.19%
DASH	C	0.19%
GM	B	0.19%
CMI	D	0.19%
MNDY	A	0.19%
AER	B	0.18%
WWD	D	0.18%
NBIX	C	0.16%
NFLX	A	0.16%
ERIE	C	0.16%
CYBR	B	0.16%
LDOS	B	0.16%
AIZ	D	0.15%
NRG	D	0.15%

RAYD Underweight 65 Positions Relative to FLRG

Symbol	Grade	Weight
VST	C	-1.95%
AVGO	B	-1.69%
HD	C	-1.4%
NFG	D	-1.09%
LMT	C	-1.06%
PM	B	-1.01%
MCD	F	-1.01%
VLO	D	-1.01%
ACGL	C	-1.01%
ALSN	D	-0.99%
AFL	B	-0.99%
SYF	B	-0.97%
AMGN	B	-0.94%
RGA	C	-0.94%
LNG	B	-0.94%
MLI	C	-0.92%
REGN	B	-0.91%
AZO	C	-0.9%
FCNCA	C	-0.9%
CTRA	D	-0.9%
ORLY	C	-0.89%
CME	D	-0.87%
OHI	B	-0.87%
PSA	B	-0.83%
NVR	D	-0.83%
MTG	B	-0.83%
RDN	B	-0.82%
PHM	D	-0.82%
MTH	D	-0.81%
LEN	D	-0.81%
EG	D	-0.8%
STLD	D	-0.8%
TMHC	D	-0.8%
ESNT	C	-0.79%
SNA	F	-0.74%
VICI	D	-0.74%
GILD	C	-0.72%
CF	F	-0.71%
AMAT	B	-0.71%
ADBE	B	-0.7%
NUE	F	-0.68%
BCC	F	-0.68%
BLDR	F	-0.64%
CSCO	D	-0.6%
INTU	A	-0.6%
LRCX	B	-0.57%
ACN	D	-0.56%
VZ	B	-0.55%
KLAC	B	-0.53%
CMCSA	F	-0.49%
ANET	A	-0.48%
DELL	C	-0.44%
SNPS	B	-0.43%
CDNS	B	-0.41%
FICO	A	-0.34%
EA	B	-0.28%
FTNT	C	-0.28%
CTSH	C	-0.27%
SWKS	C	-0.27%
FOXA	B	-0.25%
ZM	F	-0.24%
DLB	D	-0.22%
DOX	D	-0.21%
AKAM	F	-0.19%
QLYS	D	-0.18%