RAYD vs. QARP ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

3,299

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	QARP
30 Days	4.23%	3.81%
60 Days	5.09%	3.83%
90 Days	6.59%	5.70%
12 Months	37.58%	26.96%

57 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in QARP	Overlap
AAPL	C	5.42%	4.88%	4.88%
ABBV	D	0.42%	0.02%	0.02%
ADP	B	0.86%	0.21%	0.21%
AMZN	C	3.47%	3.99%	3.47%
AZO	C	0.29%	0.34%	0.29%
BKNG	A	1.88%	0.8%	0.8%
CAH	B	0.33%	0.4%	0.33%
CL	D	0.95%	0.21%	0.21%
CMG	B	0.36%	0.11%	0.11%
COKE	C	0.99%	0.04%	0.04%
COR	B	0.56%	0.4%	0.4%
COST	B	2.39%	2.32%	2.32%
DECK	A	0.43%	0.13%	0.13%
EVR	B	0.72%	0.11%	0.11%
EXEL	B	0.63%	0.03%	0.03%
FICO	B	0.47%	0.08%	0.08%
FTNT	C	0.58%	0.22%	0.22%
GM	B	0.35%	0.25%	0.25%
GOOG	C	0.39%	2.14%	0.39%
GOOGL	C	2.82%	2.36%	2.36%
GRMN	B	0.35%	0.16%	0.16%
HCA	F	0.98%	0.27%	0.27%
HLI	B	0.23%	0.04%	0.04%
HPQ	B	0.2%	0.08%	0.08%
HRB	D	0.56%	0.08%	0.08%
INTC	D	0.33%	0.08%	0.08%
JNJ	D	0.39%	2.32%	0.39%
LLY	F	1.51%	0.03%	0.03%
LMT	D	0.45%	0.71%	0.45%
LPLA	A	0.28%	0.19%	0.19%
LPX	B	0.23%	0.04%	0.04%
LULU	C	0.18%	0.18%	0.18%
MCK	B	1.25%	1.15%	1.15%
MCO	B	0.29%	0.33%	0.29%
META	D	1.48%	5.17%	1.48%
MMM	D	1.18%	0.12%	0.12%
MO	A	1.32%	0.63%	0.63%
MRK	F	0.51%	0.32%	0.32%
MSFT	F	4.67%	2.05%	2.05%
MTG	C	0.48%	0.11%	0.11%
MU	D	0.66%	0.35%	0.35%
MUSA	A	0.92%	0.05%	0.05%
NTAP	C	0.21%	0.06%	0.06%
NVDA	C	5.62%	0.18%	0.18%
PG	A	0.54%	1.34%	0.54%
PGR	A	1.11%	0.06%	0.06%
PM	B	0.79%	0.55%	0.55%
RPRX	D	0.16%	0.03%	0.03%
T	A	1.15%	0.69%	0.69%
TSN	B	0.23%	0.04%	0.04%
TXRH	C	0.33%	0.06%	0.06%
UHS	D	0.16%	0.05%	0.05%
UNH	C	0.19%	2.32%	0.19%
UTHR	C	0.2%	0.11%	0.11%
V	A	0.48%	1.84%	0.48%
VRSN	F	0.26%	0.06%	0.06%
VZ	C	0.18%	0.65%	0.18%

RAYD Overweight 54 Positions Relative to QARP

Symbol	Grade	Weight
SPOT	B	2.2%
BRBR	A	1.62%
MELI	D	1.39%
SFM	A	1.19%
CVLT	B	0.87%
ALL	A	0.82%
THC	D	0.8%
MSI	B	0.79%
APP	B	0.74%
MORN	B	0.68%
NFLX	A	0.64%
DASH	A	0.62%
TRGP	B	0.6%
CRWD	B	0.55%
DFS	B	0.51%
TEAM	A	0.49%
ANF	C	0.48%
WING	D	0.45%
PANW	C	0.45%
RBLX	C	0.38%
ALNY	D	0.36%
WFRD	D	0.35%
ORI	A	0.35%
GRAB	B	0.34%
TMUS	B	0.34%
ZM	B	0.34%
GS	A	0.33%
NOW	A	0.32%
GWRE	A	0.31%
VEEV	C	0.3%
CNA	B	0.29%
GDDY	A	0.29%
SMAR	A	0.29%
HIG	B	0.28%
DOCU	A	0.26%
CHKP	D	0.25%
HSBH	B	0.24%
DIS	B	0.22%
XRX	F	0.22%
LDOS	C	0.21%
RMD	C	0.21%
UBER	D	0.21%
MANH	D	0.2%
FTI	A	0.2%
LOGI	D	0.19%
RGLD	C	0.19%
DXCM	D	0.18%
STX	D	0.18%
WWD	B	0.17%
MNDY	C	0.16%
AER	B	0.16%
NRG	B	0.16%
CYBR	B	0.16%
ERIE	D	0.16%

RAYD Underweight 288 Positions Relative to QARP

Symbol	Grade	Weight
BRK.A	B	-5.21%
XOM	B	-3.19%
WMT	A	-2.88%
HD	A	-2.0%
CSCO	B	-1.97%
MA	C	-1.58%
CVX	A	-1.54%
ACN	C	-1.18%
ADBE	C	-0.91%
CMCSA	B	-0.86%
TJX	A	-0.82%
COP	C	-0.78%
LOW	D	-0.78%
AMAT	F	-0.77%
TSLA	B	-0.75%
CAT	B	-0.67%
BMY	B	-0.62%
CI	F	-0.55%
MMC	B	-0.55%
SBUX	A	-0.52%
EOG	A	-0.5%
PFE	D	-0.48%
ELV	F	-0.47%
LRCX	F	-0.45%
TGT	F	-0.4%
LEN	D	-0.4%
UPS	C	-0.4%
MCD	D	-0.39%
ORLY	B	-0.38%
NUE	C	-0.37%
TXN	C	-0.37%
PYPL	B	-0.34%
SYY	B	-0.33%
FDX	B	-0.33%
GILD	C	-0.33%
AON	A	-0.33%
PSA	D	-0.31%
DHI	D	-0.31%
HUM	C	-0.31%
ITW	B	-0.31%
NKE	D	-0.31%
CTSH	B	-0.3%
KR	B	-0.3%
ADM	D	-0.27%
GWW	B	-0.27%
QCOM	F	-0.26%
REGN	F	-0.26%
CMI	A	-0.26%
TROW	B	-0.25%
MPC	D	-0.25%
ROST	C	-0.25%
PCAR	B	-0.24%
ACGL	D	-0.24%
DE	A	-0.24%
MSCI	C	-0.23%
ABNB	C	-0.23%
URI	B	-0.23%
NVR	D	-0.23%
STLD	B	-0.23%
BBY	D	-0.23%
CNC	D	-0.23%
ABT	B	-0.22%
FAST	B	-0.22%
DAL	C	-0.22%
EA	A	-0.21%
KVUE	A	-0.21%
PHM	D	-0.21%
VRTX	F	-0.21%
GEV	B	-0.2%
PAYX	C	-0.2%
SPG	B	-0.2%
VST	B	-0.2%
FANG	D	-0.19%
ODFL	B	-0.19%
ISRG	A	-0.18%
VLO	C	-0.18%
CVS	D	-0.18%
RS	B	-0.17%
DVN	F	-0.17%
BLDR	D	-0.17%
KLAC	D	-0.17%
EXPE	B	-0.17%
TSCO	D	-0.16%
COF	B	-0.16%
MNST	C	-0.15%
KMB	D	-0.15%
EME	C	-0.15%
ULTA	F	-0.15%
WSM	B	-0.15%
CHTR	C	-0.14%
SYF	B	-0.14%
SLB	C	-0.14%
FCNCA	A	-0.14%
CF	B	-0.13%
DRI	B	-0.13%
OC	A	-0.13%
ANET	C	-0.13%
EXPD	D	-0.13%
GEHC	F	-0.13%
KEYS	A	-0.12%
PSX	C	-0.12%
UNP	C	-0.12%
TPR	B	-0.12%
SNA	A	-0.12%
CASY	A	-0.12%
MAR	B	-0.12%
LUV	C	-0.11%
BJ	A	-0.11%
CTRA	B	-0.11%
MRO	B	-0.11%
BKR	B	-0.1%
CPNG	D	-0.1%
FDS	B	-0.1%
SOLV	C	-0.1%
UAL	A	-0.1%
HSY	F	-0.09%
GIS	D	-0.09%
WST	C	-0.09%
EBAY	D	-0.09%
LYB	F	-0.09%
A	D	-0.09%
AMG	B	-0.09%
DKS	C	-0.09%
CINF	A	-0.09%
MTD	D	-0.09%
ROK	B	-0.09%
CBRE	B	-0.09%
TT	A	-0.08%
WSO	A	-0.08%
AYI	B	-0.08%
SWKS	F	-0.08%
CTAS	B	-0.08%
WY	D	-0.08%
PFGC	B	-0.08%
LYV	A	-0.08%
ADI	D	-0.08%
CSX	B	-0.07%
DOW	F	-0.07%
INCY	C	-0.07%
DOX	D	-0.07%
GGG	B	-0.07%
GPC	D	-0.07%
CPRT	A	-0.07%
DLTR	F	-0.07%
LH	C	-0.07%
SPGI	C	-0.07%
RHI	B	-0.07%
SEIC	B	-0.07%
CBOE	B	-0.07%
AMD	F	-0.07%
LNG	B	-0.07%
VICI	C	-0.07%
ATO	A	-0.07%
TOL	B	-0.07%
MAS	D	-0.07%
EG	C	-0.06%
AGCO	D	-0.06%
EW	C	-0.06%
EXP	A	-0.06%
PKG	A	-0.06%
PWR	A	-0.06%
OXY	D	-0.06%
K	A	-0.06%
FFIV	B	-0.06%
SKX	D	-0.06%
BX	A	-0.06%
JBL	B	-0.06%
TXT	D	-0.06%
MOH	F	-0.06%
POOL	C	-0.06%
HAL	C	-0.06%
AOS	F	-0.06%
ADSK	A	-0.06%
CHRW	C	-0.06%
BWA	D	-0.06%
CLX	B	-0.06%
INGR	B	-0.05%
FIX	A	-0.05%
CCL	B	-0.05%
JKHY	D	-0.05%
BLD	D	-0.05%
ORCL	B	-0.05%
APTV	D	-0.05%
JBHT	C	-0.05%
ALGN	D	-0.05%
ITT	A	-0.05%
MRNA	F	-0.05%
CLF	F	-0.05%
LSTR	D	-0.05%
CSL	C	-0.05%
SAIA	B	-0.05%
MGM	D	-0.05%
MKTX	D	-0.05%
COIN	C	-0.05%
RNR	C	-0.05%
YUM	B	-0.05%
RL	B	-0.05%
ACI	C	-0.05%
JNPR	F	-0.04%
TAP	C	-0.04%
J	F	-0.04%
ACM	A	-0.04%
AAL	B	-0.04%
MCHP	D	-0.04%
OSK	B	-0.04%
FCX	D	-0.04%
USFD	A	-0.04%
NYT	C	-0.04%
KNSL	B	-0.04%
CHE	D	-0.04%
ROL	B	-0.04%
ARMK	B	-0.04%
CNP	B	-0.04%
WYNN	D	-0.04%
CNM	D	-0.04%
ALSN	B	-0.04%
LEA	D	-0.04%
PAYC	B	-0.04%
GNTX	C	-0.04%
FND	C	-0.04%
BURL	A	-0.04%
LECO	B	-0.04%
ON	D	-0.04%
EPAM	C	-0.04%
CHRD	D	-0.04%
MOS	F	-0.04%
WBD	C	-0.04%
HOLX	D	-0.04%
LVS	C	-0.04%
DBX	B	-0.04%
OTIS	C	-0.04%
DCI	B	-0.04%
IP	B	-0.04%
ALK	C	-0.04%
SSD	D	-0.03%
CRUS	D	-0.03%
PII	D	-0.03%
OLN	D	-0.03%
SJM	D	-0.03%
MTZ	B	-0.03%
FCN	D	-0.03%
RLI	B	-0.03%
AMGN	D	-0.03%
WAT	B	-0.03%
PINC	B	-0.03%
G	B	-0.03%
GLPI	C	-0.03%
WTW	B	-0.03%
KNX	B	-0.03%
MSM	C	-0.03%
THO	B	-0.03%
DPZ	C	-0.03%
OVV	B	-0.03%
DGX	A	-0.03%
TER	D	-0.03%
PVH	C	-0.03%
LOPE	B	-0.03%
GAP	C	-0.03%
JHG	A	-0.03%
LAMR	D	-0.03%
HST	C	-0.03%
FOXA	B	-0.03%
MEDP	D	-0.03%
VVV	F	-0.03%
AMCR	D	-0.03%
X	C	-0.03%
BIIB	F	-0.02%
DINO	D	-0.02%
BBWI	D	-0.02%
CDW	F	-0.02%
AR	B	-0.02%
NEU	C	-0.02%
CDNS	B	-0.02%
HII	D	-0.02%
CE	F	-0.02%
CPB	D	-0.02%
FIVE	F	-0.02%
TTEK	F	-0.02%
APA	D	-0.02%
ALB	C	-0.02%
CTVA	C	-0.02%
LKQ	D	-0.02%
DD	D	-0.02%
EL	F	-0.02%
M	D	-0.02%
MHK	D	-0.02%
CROX	D	-0.02%
IWB	A	-0.0%