RAYD vs. NULC ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to Nuveen ESG Large-Cap ETF (NULC)

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

NULC

Nuveen ESG Large-Cap ETF

NULC Description

The investment seeks to track the investment results, before fees and expenses, of the ICE BofAML Enhanced Yield 1-5 Year US Broad Bond Index (the "index"). Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The index is designed to broadly capture the 1-5 year U.S. investment grade fixed income market, as represented by a modified version of the ICE BofAML 1-5 Year US Broad Market Index.

Grade (RS Rating)

Last Trade

$48.43

Average Daily Volume

1,139

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	NULC
30 Days	4.23%	2.83%
60 Days	5.09%	5.29%
90 Days	6.59%	7.13%
12 Months	37.58%	30.46%

32 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in NULC	Overlap
ADP	B	0.86%	0.97%	0.86%
AZO	C	0.29%	0.04%	0.04%
BKNG	A	1.88%	0.43%	0.43%
CAH	B	0.33%	0.13%	0.13%
CMG	B	0.36%	0.97%	0.36%
DECK	A	0.43%	0.31%	0.31%
DIS	B	0.22%	1.45%	0.22%
DXCM	D	0.18%	0.03%	0.03%
GOOG	C	0.39%	1.92%	0.39%
GOOGL	C	2.82%	3.13%	2.82%
GS	A	0.33%	0.23%	0.23%
HCA	F	0.98%	1.21%	0.98%
HPQ	B	0.2%	0.69%	0.2%
INTC	D	0.33%	1.05%	0.33%
LLY	F	1.51%	2.26%	1.51%
LPLA	A	0.28%	0.13%	0.13%
MCK	B	1.25%	1.46%	1.25%
MCO	B	0.29%	0.3%	0.29%
MELI	D	1.39%	1.31%	1.31%
MMM	D	1.18%	0.57%	0.57%
MSFT	F	4.67%	6.83%	4.67%
NTAP	C	0.21%	0.47%	0.21%
NVDA	C	5.62%	8.29%	5.62%
PANW	C	0.45%	0.18%	0.18%
PG	A	0.54%	1.41%	0.54%
PGR	A	1.11%	1.57%	1.11%
STX	D	0.18%	0.38%	0.18%
T	A	1.15%	0.85%	0.85%
TEAM	A	0.49%	0.51%	0.49%
V	A	0.48%	2.2%	0.48%
VEEV	C	0.3%	0.69%	0.3%
VZ	C	0.18%	0.21%	0.18%

RAYD Overweight 79 Positions Relative to NULC

Symbol	Grade	Weight
AAPL	C	5.42%
AMZN	C	3.47%
COST	B	2.39%
SPOT	B	2.2%
BRBR	A	1.62%
META	D	1.48%
MO	A	1.32%
SFM	A	1.19%
COKE	C	0.99%
CL	D	0.95%
MUSA	A	0.92%
CVLT	B	0.87%
ALL	A	0.82%
THC	D	0.8%
PM	B	0.79%
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%
COR	B	0.56%
CRWD	B	0.55%
DFS	B	0.51%
MRK	F	0.51%
ANF	C	0.48%
MTG	C	0.48%
FICO	B	0.47%
LMT	D	0.45%
WING	D	0.45%
ABBV	D	0.42%
JNJ	D	0.39%
RBLX	C	0.38%
ALNY	D	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%
ZM	B	0.34%
TXRH	C	0.33%
NOW	A	0.32%
GWRE	A	0.31%
CNA	B	0.29%
GDDY	A	0.29%
SMAR	A	0.29%
HIG	B	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%
TSN	B	0.23%
XRX	F	0.22%
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%
UNH	C	0.19%
LULU	C	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 89 Positions Relative to NULC

Symbol	Grade	Weight
MA	C	-2.14%
TSLA	B	-1.88%
ETN	A	-1.72%
FI	A	-1.71%
IBM	C	-1.62%
CRM	B	-1.6%
KO	D	-1.55%
MS	A	-1.53%
SPGI	C	-1.48%
MMC	B	-1.38%
DHR	F	-1.33%
PNC	B	-1.3%
TJX	A	-1.27%
ECL	D	-1.21%
OKE	A	-1.2%
MCD	D	-1.2%
CARR	D	-1.16%
UPS	C	-1.04%
TGT	F	-1.02%
AMAT	F	-0.99%
AMGN	D	-0.98%
AMT	D	-0.96%
MRVL	B	-0.95%
C	A	-0.94%
LNG	B	-0.93%
SNPS	B	-0.9%
BKR	B	-0.83%
AXON	A	-0.81%
LOW	D	-0.79%
AMD	F	-0.76%
PEP	F	-0.75%
CMCSA	B	-0.75%
EXC	C	-0.73%
GILD	C	-0.72%
EW	C	-0.72%
TXN	C	-0.65%
ED	D	-0.64%
CDNS	B	-0.57%
ZTS	D	-0.55%
HPE	B	-0.54%
KEYS	A	-0.53%
URI	B	-0.49%
TRV	B	-0.48%
ADM	D	-0.48%
ADBE	C	-0.47%
EBAY	D	-0.45%
WST	C	-0.45%
IRM	D	-0.44%
KR	B	-0.44%
FTV	C	-0.42%
STLD	B	-0.41%
LYB	F	-0.41%
AWK	D	-0.41%
WDC	D	-0.4%
CBOE	B	-0.4%
EQIX	A	-0.4%
TRU	D	-0.38%
TFC	A	-0.37%
HOLX	D	-0.36%
EA	A	-0.35%
J	F	-0.35%
FSLR	F	-0.35%
TRMB	B	-0.34%
BALL	D	-0.33%
HOOD	B	-0.33%
VRTX	F	-0.32%
JNPR	F	-0.24%
FDX	B	-0.22%
SOLV	C	-0.2%
HD	A	-0.2%
A	D	-0.19%
NEM	D	-0.18%
EME	C	-0.18%
MKTX	D	-0.17%
MOS	F	-0.16%
DINO	D	-0.13%
ACGL	D	-0.12%
NXPI	D	-0.09%
CI	F	-0.08%
AKAM	D	-0.07%
WELL	A	-0.07%
IT	C	-0.07%
USB	A	-0.06%
WTW	B	-0.05%
IDXX	F	-0.05%
UNP	C	-0.04%
FBIN	D	-0.02%
BG	F	-0.01%
DOV	A	-0.01%