RAYE vs. EWY ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF (RAYE) to iShares MSCI South Korea Capped Index Fund (EWY)

RAYE

The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF

RAYE Description

The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. It invests in public equity markets of global emerging 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 fundamental and quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$24.76

Average Daily Volume

12,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EWY

iShares MSCI South Korea Capped Index Fund

EWY Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The underlying index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.46

Average Daily Volume

3,400,863

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAYE	EWY
30 Days	4.94%	7.52%
60 Days	1.64%	-0.46%
90 Days	3.49%	1.98%
12 Months	26.41%	9.75%

4 Overlapping Holdings

Symbol	Grade	Weight in RAYE	Weight in EWY	Overlap
KB	B	0.44%	2.66%	0.44%
KEP	D	0.91%	0.6%	0.6%
KT	D	0.15%	0.24%	0.15%
SKM	D	0.4%	0.28%	0.28%

RAYE Overweight 4 Positions Relative to EWY

Symbol	Grade	Weight
IBN	B	1.3%
HDB	D	0.97%
MMYT	B	0.45%
CAR	D	0.17%

RAYE Underweight 2 Positions Relative to EWY

	Symbol	Grade	Weight
	SHG	B	-1.89%
	LPL	D	-0.39%