RAYD vs. NXTI ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to Simplify Next Intangible Core Index ETF (NXTI)

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

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$30.42

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	NXTI
30 Days	4.23%	5.73%
60 Days	5.09%	7.47%
90 Days	6.59%	10.93%
12 Months	37.58%

32 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in NXTI	Overlap
ALL	A	0.82%	0.19%	0.19%
ALNY	D	0.36%	1.07%	0.36%
APP	B	0.74%	0.54%	0.54%
BKNG	A	1.88%	0.88%	0.88%
CL	D	0.95%	0.55%	0.55%
DASH	A	0.62%	0.42%	0.42%
DECK	A	0.43%	0.14%	0.14%
DOCU	A	0.26%	0.18%	0.18%
EXEL	B	0.63%	0.29%	0.29%
FICO	B	0.47%	0.57%	0.47%
FTNT	C	0.58%	0.77%	0.58%
GDDY	A	0.29%	0.31%	0.29%
GWRE	A	0.31%	0.16%	0.16%
HIG	B	0.28%	0.13%	0.13%
HPQ	B	0.2%	0.45%	0.2%
MANH	D	0.2%	0.19%	0.19%
META	D	1.48%	5.28%	1.48%
MMM	D	1.18%	0.47%	0.47%
MSI	B	0.79%	0.91%	0.79%
NOW	A	0.32%	2.29%	0.32%
NRG	B	0.16%	0.17%	0.16%
NTAP	C	0.21%	0.29%	0.21%
PANW	C	0.45%	1.5%	0.45%
PGR	A	1.11%	0.56%	0.56%
PM	B	0.79%	0.9%	0.79%
SPOT	B	2.2%	0.93%	0.93%
STX	D	0.18%	0.26%	0.18%
TEAM	A	0.49%	0.61%	0.49%
TRGP	B	0.6%	0.34%	0.34%
UBER	D	0.21%	1.04%	0.21%
UNH	C	0.19%	2.16%	0.19%
WING	D	0.45%	0.08%	0.08%

RAYD Overweight 79 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	C	5.62%
AAPL	C	5.42%
MSFT	F	4.67%
AMZN	C	3.47%
GOOGL	C	2.82%
COST	B	2.39%
BRBR	A	1.62%
LLY	F	1.51%
MELI	D	1.39%
MO	A	1.32%
MCK	B	1.25%
SFM	A	1.19%
T	A	1.15%
COKE	C	0.99%
HCA	F	0.98%
MUSA	A	0.92%
CVLT	B	0.87%
ADP	B	0.86%
THC	D	0.8%
EVR	B	0.72%
MORN	B	0.68%
MU	D	0.66%
NFLX	A	0.64%
HRB	D	0.56%
COR	B	0.56%
CRWD	B	0.55%
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%
ABBV	D	0.42%
JNJ	D	0.39%
GOOG	C	0.39%
RBLX	C	0.38%
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%
ZM	B	0.34%
CAH	B	0.33%
GS	A	0.33%
TXRH	C	0.33%
INTC	D	0.33%
VEEV	C	0.3%
CNA	B	0.29%
SMAR	A	0.29%
MCO	B	0.29%
AZO	C	0.29%
LPLA	A	0.28%
VRSN	F	0.26%
CHKP	D	0.25%
HSBH	B	0.24%
HLI	B	0.23%
LPX	B	0.23%
TSN	B	0.23%
DIS	B	0.22%
XRX	F	0.22%
LDOS	C	0.21%
RMD	C	0.21%
FTI	A	0.2%
UTHR	C	0.2%
LOGI	D	0.19%
RGLD	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%
CYBR	B	0.16%
UHS	D	0.16%
RPRX	D	0.16%
ERIE	D	0.16%

RAYD Underweight 165 Positions Relative to NXTI

Symbol	Grade	Weight
WMT	A	-5.09%
BRK.A	B	-4.18%
XOM	B	-3.43%
MA	C	-3.02%
ADBE	C	-2.94%
CSCO	B	-2.73%
IBM	C	-2.28%
INTU	C	-2.08%
HD	A	-1.6%
KO	D	-1.23%
IDXX	F	-1.04%
DELL	C	-1.03%
PEP	F	-1.02%
PLTR	B	-0.99%
SNPS	B	-0.95%
HON	B	-0.91%
CDNS	B	-0.87%
NKE	D	-0.82%
WDAY	B	-0.81%
UPS	C	-0.79%
AXP	A	-0.77%
BX	A	-0.77%
AMAT	F	-0.74%
ADSK	A	-0.72%
TGT	F	-0.67%
GEV	B	-0.66%
WMB	A	-0.59%
LOW	D	-0.59%
ABNB	C	-0.58%
CTAS	B	-0.55%
DDOG	A	-0.54%
LRCX	F	-0.53%
TT	A	-0.52%
EA	A	-0.5%
ORLY	B	-0.49%
ITW	B	-0.49%
ALGN	D	-0.47%
CTSH	B	-0.47%
INCY	C	-0.46%
D	C	-0.46%
NTRA	B	-0.45%
FDX	B	-0.44%
SRPT	D	-0.43%
MMC	B	-0.43%
NBIX	C	-0.4%
INSM	C	-0.39%
PH	A	-0.39%
NET	B	-0.38%
KR	B	-0.37%
SHW	A	-0.36%
CI	F	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
HUBS	A	-0.34%
MPC	D	-0.33%
EBAY	D	-0.33%
ZS	C	-0.33%
ED	D	-0.32%
PAYX	C	-0.32%
PEN	B	-0.32%
VST	B	-0.32%
KMB	D	-0.31%
GWW	B	-0.31%
CMI	A	-0.3%
HSIC	B	-0.3%
CDW	F	-0.3%
ITCI	C	-0.29%
CVS	D	-0.29%
PINS	D	-0.29%
IOT	A	-0.28%
A	D	-0.26%
BKR	B	-0.25%
AJG	B	-0.25%
IT	C	-0.24%
AFL	B	-0.24%
RDDT	B	-0.24%
MDB	C	-0.24%
SNAP	C	-0.23%
VLTO	D	-0.23%
VMC	B	-0.23%
ZBRA	B	-0.23%
NWS	B	-0.22%
AMP	A	-0.22%
MNST	C	-0.22%
TRV	B	-0.22%
IONS	F	-0.22%
NTNX	A	-0.21%
MDGL	B	-0.2%
CYTK	F	-0.2%
BPMC	C	-0.2%
AIG	B	-0.2%
CVNA	B	-0.19%
DT	C	-0.19%
INSP	D	-0.19%
PSTG	D	-0.19%
SMMT	D	-0.19%
TOST	B	-0.19%
BBIO	F	-0.18%
FAST	B	-0.18%
EL	F	-0.18%
PRU	A	-0.18%
DD	D	-0.18%
MTD	D	-0.18%
BBY	D	-0.18%
FFIV	B	-0.17%
KEYS	A	-0.17%
CACI	D	-0.16%
ULTA	F	-0.16%
OTIS	C	-0.16%
SYY	B	-0.16%
JNPR	F	-0.16%
GIS	D	-0.16%
HUM	C	-0.15%
RARE	D	-0.15%
CORT	B	-0.15%
ILMN	D	-0.15%
HSY	F	-0.15%
ROL	B	-0.15%
BAH	F	-0.15%
CBRE	B	-0.15%
LYV	A	-0.15%
ALKS	B	-0.14%
WAT	B	-0.14%
DUOL	A	-0.14%
WSM	B	-0.14%
EXPE	B	-0.14%
BURL	A	-0.14%
NI	A	-0.14%
AXSM	B	-0.14%
XYL	D	-0.14%
ACGL	D	-0.14%
CNC	D	-0.13%
CLX	B	-0.13%
DOV	A	-0.12%
AVY	D	-0.12%
EXPD	D	-0.12%
K	A	-0.12%
FOLD	F	-0.12%
TER	D	-0.12%
APLS	D	-0.12%
MTCH	D	-0.12%
PPG	F	-0.12%
BRO	B	-0.12%
TW	A	-0.11%
GTLB	B	-0.11%
TGTX	B	-0.11%
IOVA	F	-0.11%
RL	B	-0.11%
TSCO	D	-0.11%
NYT	C	-0.11%
LII	A	-0.11%
PCOR	B	-0.11%
DKNG	B	-0.1%
APPF	B	-0.1%
AMED	F	-0.1%
ACI	C	-0.1%
TXT	D	-0.1%
GPC	D	-0.1%
DNLI	D	-0.1%
APTV	D	-0.1%
CHWY	B	-0.09%
DYN	F	-0.09%
RS	B	-0.09%
DLB	B	-0.04%
LNW	D	-0.04%