RAYD vs. VUSE ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to Vident Core US Equity ETF (VUSE)

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

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$61.08

Average Daily Volume

12,197

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	VUSE
30 Days	4.23%	5.99%
60 Days	5.09%	7.30%
90 Days	6.59%	9.69%
12 Months	37.58%	26.60%

36 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in VUSE	Overlap
AAPL	C	5.42%	1.87%	1.87%
ABBV	D	0.42%	1.01%	0.42%
ADP	B	0.86%	1.02%	0.86%
AMZN	C	3.47%	2.68%	2.68%
BKNG	A	1.88%	1.54%	1.54%
CMG	B	0.36%	1.25%	0.36%
COST	B	2.39%	0.78%	0.78%
CRWD	B	0.55%	0.31%	0.31%
CVLT	B	0.87%	0.64%	0.64%
DOCU	A	0.26%	0.29%	0.26%
ERIE	D	0.16%	0.5%	0.16%
EXEL	B	0.63%	0.63%	0.63%
FICO	B	0.47%	0.69%	0.47%
FTNT	C	0.58%	0.81%	0.58%
GOOGL	C	2.82%	0.96%	0.96%
JNJ	D	0.39%	1.76%	0.39%
LLY	F	1.51%	0.81%	0.81%
MANH	D	0.2%	0.35%	0.2%
META	D	1.48%	0.97%	0.97%
MO	A	1.32%	1.0%	1.0%
MRK	F	0.51%	1.49%	0.51%
MSFT	F	4.67%	1.8%	1.8%
MSI	B	0.79%	1.33%	0.79%
MTG	C	0.48%	0.46%	0.46%
NFLX	A	0.64%	1.44%	0.64%
NOW	A	0.32%	0.65%	0.32%
NRG	B	0.16%	0.58%	0.16%
NVDA	C	5.62%	1.84%	1.84%
PANW	C	0.45%	0.26%	0.26%
PG	A	0.54%	1.2%	0.54%
RMD	C	0.21%	0.5%	0.21%
T	A	1.15%	1.1%	1.1%
TMUS	B	0.34%	0.78%	0.34%
UBER	D	0.21%	1.11%	0.21%
UTHR	C	0.2%	0.54%	0.2%
V	A	0.48%	2.17%	0.48%

RAYD Overweight 75 Positions Relative to VUSE

Symbol	Grade	Weight
SPOT	B	2.2%
BRBR	A	1.62%
MELI	D	1.39%
MCK	B	1.25%
SFM	A	1.19%
MMM	D	1.18%
PGR	A	1.11%
COKE	C	0.99%
HCA	F	0.98%
CL	D	0.95%
MUSA	A	0.92%
ALL	A	0.82%
THC	D	0.8%
PM	B	0.79%
APP	B	0.74%
EVR	B	0.72%
MORN	B	0.68%
MU	D	0.66%
DASH	A	0.62%
TRGP	B	0.6%
HRB	D	0.56%
COR	B	0.56%
DFS	B	0.51%
TEAM	A	0.49%
ANF	C	0.48%
LMT	D	0.45%
WING	D	0.45%
DECK	A	0.43%
GOOG	C	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%
ZM	B	0.34%
CAH	B	0.33%
GS	A	0.33%
TXRH	C	0.33%
INTC	D	0.33%
GWRE	A	0.31%
VEEV	C	0.3%
CNA	B	0.29%
GDDY	A	0.29%
SMAR	A	0.29%
MCO	B	0.29%
AZO	C	0.29%
LPLA	A	0.28%
HIG	B	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%
NTAP	C	0.21%
HPQ	B	0.2%
FTI	A	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%
STX	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%

RAYD Underweight 90 Positions Relative to VUSE

Symbol	Grade	Weight
ORCL	B	-2.4%
JPM	A	-2.09%
MA	C	-2.08%
WMT	A	-2.06%
HD	A	-2.05%
CVX	A	-2.02%
BAC	A	-1.97%
XOM	B	-1.89%
AVGO	D	-1.72%
KO	D	-1.56%
ECL	D	-1.16%
SNPS	B	-1.16%
MAR	B	-1.12%
RDDT	B	-1.04%
AMAT	F	-1.02%
SBUX	A	-0.98%
MCD	D	-0.94%
TJX	A	-0.93%
SHW	A	-0.93%
POWL	C	-0.87%
ADBE	C	-0.83%
IDCC	A	-0.8%
EME	C	-0.77%
AMP	A	-0.75%
IESC	B	-0.74%
AYI	B	-0.74%
PIPR	B	-0.73%
SYK	C	-0.73%
ITW	B	-0.72%
CAT	B	-0.72%
CORT	B	-0.7%
JXN	C	-0.69%
KLAC	D	-0.69%
EQH	B	-0.66%
WDAY	B	-0.66%
AMR	C	-0.64%
ZTS	D	-0.64%
PLTR	B	-0.6%
EPAC	B	-0.6%
CTAS	B	-0.59%
NYT	C	-0.56%
GWW	B	-0.56%
FAST	B	-0.56%
BOX	B	-0.55%
PLMR	B	-0.54%
EA	A	-0.52%
TDG	D	-0.52%
PAYX	C	-0.51%
VST	B	-0.5%
NKE	D	-0.5%
LSCC	D	-0.5%
ODFL	B	-0.5%
IT	C	-0.5%
CASH	A	-0.48%
YELP	C	-0.48%
MSCI	C	-0.48%
RMBS	C	-0.47%
TREX	C	-0.47%
DBRG	F	-0.46%
QLYS	C	-0.46%
JLL	D	-0.46%
PLAB	C	-0.46%
SHO	C	-0.45%
EOG	A	-0.43%
DFIN	D	-0.42%
BSX	B	-0.41%
JKHY	D	-0.41%
MTD	D	-0.39%
ANET	C	-0.38%
CRUS	D	-0.37%
ON	D	-0.37%
A	D	-0.36%
OTTR	C	-0.35%
CSL	C	-0.35%
HCC	B	-0.27%
ACLS	F	-0.26%
NSSC	D	-0.25%
DBX	B	-0.24%
BMI	B	-0.23%
VRSK	A	-0.22%
TRIP	F	-0.21%
PINS	D	-0.2%
AOS	F	-0.19%
MEDP	D	-0.18%
APPF	B	-0.15%
SPG	B	-0.14%
ABNB	C	-0.14%
PSTG	D	-0.13%
CMCSA	B	-0.13%
SEIC	B	-0.11%