RAYD vs. FTEC ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to Fidelity MSCI Information Technology Index ETF (FTEC)

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

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$184.90

Average Daily Volume

212,411

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	FTEC
30 Days	4.23%	4.14%
60 Days	5.09%	7.90%
90 Days	6.59%	7.31%
12 Months	37.58%	36.13%

25 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in FTEC	Overlap
AAPL	C	5.42%	15.03%	5.42%
APP	B	0.74%	0.55%	0.55%
CRWD	B	0.55%	0.54%	0.54%
CVLT	B	0.87%	0.11%	0.11%
DOCU	A	0.26%	0.18%	0.18%
FICO	B	0.47%	0.41%	0.41%
FTNT	C	0.58%	0.43%	0.43%
GDDY	A	0.29%	0.22%	0.22%
GWRE	A	0.31%	0.17%	0.17%
HPQ	B	0.2%	0.27%	0.2%
INTC	D	0.33%	0.69%	0.33%
MANH	D	0.2%	0.17%	0.17%
MSFT	F	4.67%	13.23%	4.67%
MSI	B	0.79%	0.55%	0.55%
MU	D	0.66%	0.7%	0.66%
NOW	A	0.32%	1.33%	0.32%
NTAP	C	0.21%	0.19%	0.19%
NVDA	C	5.62%	16.06%	5.62%
PANW	C	0.45%	0.81%	0.45%
SMAR	A	0.29%	0.11%	0.11%
STX	D	0.18%	0.17%	0.17%
TEAM	A	0.49%	0.33%	0.33%
VRSN	F	0.26%	0.16%	0.16%
XRX	F	0.22%	0.02%	0.02%
ZM	B	0.34%	0.2%	0.2%

RAYD Overweight 86 Positions Relative to FTEC

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%
LLY	F	1.51%
META	D	1.48%
MELI	D	1.39%
MO	A	1.32%
MCK	B	1.25%
SFM	A	1.19%
MMM	D	1.18%
T	A	1.15%
PGR	A	1.11%
COKE	C	0.99%
HCA	F	0.98%
CL	D	0.95%
MUSA	A	0.92%
ADP	B	0.86%
ALL	A	0.82%
THC	D	0.8%
PM	B	0.79%
EVR	B	0.72%
MORN	B	0.68%
NFLX	A	0.64%
EXEL	B	0.63%
DASH	A	0.62%
TRGP	B	0.6%
HRB	D	0.56%
COR	B	0.56%
PG	A	0.54%
DFS	B	0.51%
MRK	F	0.51%
ANF	C	0.48%
MTG	C	0.48%
V	A	0.48%
LMT	D	0.45%
WING	D	0.45%
DECK	A	0.43%
ABBV	D	0.42%
JNJ	D	0.39%
GOOG	C	0.39%
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%
TMUS	B	0.34%
CAH	B	0.33%
GS	A	0.33%
TXRH	C	0.33%
VEEV	C	0.3%
CNA	B	0.29%
MCO	B	0.29%
AZO	C	0.29%
LPLA	A	0.28%
HIG	B	0.28%
CHKP	D	0.25%
HSBH	B	0.24%
HLI	B	0.23%
LPX	B	0.23%
TSN	B	0.23%
DIS	B	0.22%
LDOS	C	0.21%
RMD	C	0.21%
UBER	D	0.21%
FTI	A	0.2%
UTHR	C	0.2%
LOGI	D	0.19%
RGLD	C	0.19%
UNH	C	0.19%
LULU	C	0.18%
VZ	C	0.18%
DXCM	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%

RAYD Underweight 250 Positions Relative to FTEC

Symbol	Grade	Weight
AVGO	D	-4.31%
CRM	B	-2.04%
ORCL	B	-1.9%
ADBE	C	-1.51%
CSCO	B	-1.47%
ACN	C	-1.42%
AMD	F	-1.39%
INTU	C	-1.23%
IBM	C	-1.18%
TXN	C	-1.16%
QCOM	F	-1.14%
AMAT	F	-0.98%
PLTR	B	-0.81%
ADI	D	-0.67%
ANET	C	-0.66%
LRCX	F	-0.64%
KLAC	D	-0.57%
APH	A	-0.57%
CDNS	B	-0.55%
SNPS	B	-0.55%
MRVL	B	-0.54%
ADSK	A	-0.46%
MSTR	C	-0.45%
WDAY	B	-0.41%
ROP	B	-0.41%
NXPI	D	-0.39%
IT	C	-0.31%
CTSH	B	-0.3%
SNOW	C	-0.29%
GLW	B	-0.29%
DELL	C	-0.29%
DDOG	A	-0.28%
HUBS	A	-0.28%
MCHP	D	-0.25%
ANSS	B	-0.24%
NET	B	-0.23%
HPE	B	-0.23%
TYL	B	-0.22%
ON	D	-0.22%
KEYS	A	-0.22%
PTC	A	-0.2%
TDY	B	-0.2%
MPWR	F	-0.2%
ZBRA	B	-0.19%
TWLO	A	-0.19%
CDW	F	-0.19%
MDB	C	-0.19%
TRMB	B	-0.18%
WDC	D	-0.18%
NTNX	A	-0.18%
FSLR	F	-0.17%
GEN	B	-0.17%
ZS	C	-0.17%
FFIV	B	-0.16%
EPAM	C	-0.16%
JBL	B	-0.16%
FLEX	A	-0.16%
COHR	B	-0.16%
BILL	A	-0.15%
DT	C	-0.15%
IOT	A	-0.14%
PSTG	D	-0.14%
ENTG	D	-0.14%
TER	D	-0.14%
SWKS	F	-0.13%
AKAM	D	-0.13%
JNPR	F	-0.13%
CIEN	B	-0.13%
QTWO	A	-0.12%
PCOR	B	-0.12%
GTLB	B	-0.12%
CFLT	B	-0.12%
OKTA	C	-0.12%
LITE	B	-0.12%
IDCC	A	-0.11%
ALTR	B	-0.11%
FN	D	-0.11%
DBX	B	-0.11%
KD	B	-0.11%
SNX	C	-0.11%
MARA	C	-0.11%
S	B	-0.11%
CRDO	B	-0.11%
MTSI	B	-0.11%
PATH	C	-0.1%
U	C	-0.1%
OLED	D	-0.1%
AUR	C	-0.1%
WK	B	-0.1%
BDC	B	-0.1%
PLXS	B	-0.1%
MKSI	C	-0.1%
RMBS	C	-0.1%
CGNX	C	-0.1%
BSY	D	-0.1%
BOX	B	-0.1%
BMI	B	-0.1%
VNT	B	-0.1%
LSCC	D	-0.1%
ACIW	B	-0.1%
ITRI	B	-0.1%
CWAN	B	-0.1%
QLYS	C	-0.1%
DLB	B	-0.09%
AVT	C	-0.09%
SITM	B	-0.09%
AEIS	B	-0.09%
PEGA	A	-0.09%
TENB	C	-0.09%
HCP	B	-0.09%
DXC	B	-0.09%
ARW	D	-0.09%
VRNS	D	-0.09%
APPF	B	-0.09%
LFUS	F	-0.09%
SANM	B	-0.09%
NOVT	D	-0.09%
ONTO	D	-0.09%
PI	D	-0.09%
ESTC	C	-0.09%
SPSC	C	-0.09%
CLSK	C	-0.08%
SLAB	D	-0.08%
POWI	D	-0.08%
RIOT	C	-0.08%
BLKB	B	-0.08%
NCNO	B	-0.08%
ENPH	F	-0.08%
ASGN	F	-0.08%
FORM	D	-0.07%
ALRM	C	-0.07%
TDC	D	-0.07%
FRSH	C	-0.07%
PRGS	A	-0.07%
FIVN	C	-0.07%
AI	B	-0.07%
FROG	C	-0.07%
INTA	A	-0.07%
DV	C	-0.07%
MIR	A	-0.07%
NSIT	F	-0.07%
SYNA	C	-0.07%
AGYS	A	-0.07%
SMTC	B	-0.07%
QRVO	F	-0.07%
SMCI	F	-0.07%
BL	B	-0.07%
CRUS	D	-0.07%
ALGM	D	-0.06%
ACLS	F	-0.06%
TTMI	B	-0.06%
OSIS	B	-0.06%
PAR	B	-0.06%
KLIC	B	-0.06%
DIOD	D	-0.06%
RPD	C	-0.06%
CXT	B	-0.06%
RNG	B	-0.06%
VERX	B	-0.06%
AMKR	D	-0.06%
ZETA	D	-0.06%
VYX	B	-0.05%
EXTR	B	-0.05%
BRZE	C	-0.05%
ALKT	B	-0.05%
PLUS	F	-0.05%
IPGP	D	-0.05%
YOU	D	-0.05%
DOCN	D	-0.05%
VIAV	B	-0.05%
AMBA	B	-0.05%
RBRK	A	-0.05%
VRNT	C	-0.04%
VECO	F	-0.04%
UCTT	D	-0.04%
PLAB	C	-0.04%
CTS	C	-0.04%
NTCT	C	-0.04%
INFA	D	-0.04%
KN	B	-0.04%
WULF	C	-0.04%
ROG	D	-0.04%
BHE	B	-0.04%
PD	C	-0.04%
CALX	D	-0.04%
VSH	D	-0.04%
SOUN	C	-0.04%
RAMP	C	-0.04%
ICHR	C	-0.03%
ARLO	C	-0.03%
SCSC	B	-0.03%
ENV	B	-0.03%
MXL	C	-0.03%
DGII	B	-0.03%
APPN	B	-0.03%
COHU	C	-0.03%
ASAN	C	-0.03%
ATEN	B	-0.03%
CIFR	B	-0.03%
ZUO	B	-0.03%
NSSC	D	-0.03%
HLIT	D	-0.03%
INFN	C	-0.03%
SPT	C	-0.03%
CEVA	B	-0.02%
OLO	B	-0.02%
SWI	B	-0.02%
NTGR	B	-0.02%
AOSL	C	-0.02%
SEDG	F	-0.02%
DJCO	B	-0.02%
INDI	C	-0.02%
IBUY	A	-0.02%
HCKT	B	-0.02%
BASE	C	-0.02%
NABL	F	-0.02%
BELFB	C	-0.02%
BLND	B	-0.02%
YEXT	A	-0.02%
ACMR	F	-0.02%
CXM	C	-0.02%
APLD	A	-0.02%
CNXN	C	-0.02%
PRO	C	-0.02%
WOLF	F	-0.02%
FSLY	D	-0.02%
PDFS	C	-0.02%
JAMF	F	-0.02%
GDYN	B	-0.02%
AAOI	B	-0.02%
VPG	D	-0.01%
CRSR	C	-0.01%
MEI	D	-0.01%
CLFD	D	-0.01%
LWLG	F	-0.01%
RBBN	C	-0.01%
SEMR	B	-0.01%
ENFN	A	-0.01%
BIGC	C	-0.01%
MITK	C	-0.01%
ETWO	F	-0.01%
WEAV	B	-0.01%
DMRC	C	-0.01%
LASR	D	-0.01%
KE	C	-0.01%
MLNK	B	-0.01%
NNBR	C	-0.01%
DAKT	B	-0.01%
VSAT	F	-0.01%
OSPN	A	-0.01%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution Internet Content & Information