VALQ vs. RAYD ETF Comparison

Comparison of American Century STOXX U.S. Quality Value ETF (VALQ) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

VALQ

American Century STOXX U.S. Quality Value ETF

VALQ Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century USA Quality Value Index (the underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the underlying index. The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

Grade (RS Rating)

Last Trade

$63.92

Average Daily Volume

6,261

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

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

Performance

Period	VALQ	RAYD
30 Days	3.97%	4.23%
60 Days	4.17%	5.09%
90 Days	6.47%	6.59%
12 Months	28.71%	37.58%

50 Overlapping Holdings

Symbol	Grade	Weight in VALQ	Weight in RAYD	Overlap
AAPL	C	2.63%	5.42%	2.63%
ABBV	D	1.67%	0.42%	0.42%
ALL	A	0.09%	0.82%	0.09%
AMZN	C	2.22%	3.47%	2.22%
ANF	C	0.14%	0.48%	0.14%
APP	B	0.27%	0.74%	0.27%
BKNG	A	0.11%	1.88%	0.11%
BRBR	A	0.2%	1.62%	0.2%
CAH	B	0.84%	0.33%	0.33%
CL	D	1.71%	0.95%	0.95%
COKE	C	0.08%	0.99%	0.08%
COR	B	0.09%	0.56%	0.09%
DOCU	A	0.33%	0.26%	0.26%
EVR	B	0.1%	0.72%	0.1%
EXEL	B	0.14%	0.63%	0.14%
FICO	B	0.25%	0.47%	0.25%
FTNT	C	0.11%	0.58%	0.11%
GDDY	A	0.1%	0.29%	0.1%
GM	B	0.1%	0.35%	0.1%
GOOGL	C	0.62%	2.82%	0.62%
HIG	B	0.09%	0.28%	0.09%
HPQ	B	1.72%	0.2%	0.2%
HRB	D	0.54%	0.56%	0.54%
JNJ	D	0.08%	0.39%	0.08%
LDOS	C	0.09%	0.21%	0.09%
LMT	D	0.09%	0.45%	0.09%
MANH	D	0.09%	0.2%	0.09%
MCK	B	0.09%	1.25%	0.09%
META	D	0.1%	1.48%	0.1%
MMM	D	0.11%	1.18%	0.11%
MO	A	0.56%	1.32%	0.56%
MSFT	F	0.26%	4.67%	0.26%
MSI	B	2.23%	0.79%	0.79%
MTG	C	0.42%	0.48%	0.42%
NFLX	A	1.99%	0.64%	0.64%
NTAP	C	0.41%	0.21%	0.21%
ORI	A	0.19%	0.35%	0.19%
PG	A	1.07%	0.54%	0.54%
PGR	A	0.09%	1.11%	0.09%
RMD	C	0.09%	0.21%	0.09%
SFM	A	1.02%	1.19%	1.02%
THC	D	0.1%	0.8%	0.1%
TSN	B	0.08%	0.23%	0.08%
TXRH	C	0.1%	0.33%	0.1%
UBER	D	1.19%	0.21%	0.21%
UHS	D	0.19%	0.16%	0.16%
UTHR	C	0.14%	0.2%	0.14%
VRSN	F	0.09%	0.26%	0.09%
WING	D	0.13%	0.45%	0.13%
ZM	B	0.38%	0.34%	0.34%

VALQ Overweight 191 Positions Relative to RAYD

Symbol	Grade	Weight
CMCSA	B	2.31%
WMT	A	2.19%
IBM	C	2.04%
HD	A	1.96%
INGR	B	1.94%
KMB	D	1.91%
EBAY	D	1.88%
ETN	A	1.87%
CTAS	B	1.84%
APH	A	1.76%
SPG	B	1.76%
KO	D	1.66%
CLX	B	1.55%
VLTO	D	1.55%
TXN	C	1.48%
TGT	F	1.47%
JLL	D	1.45%
MAS	D	1.21%
OC	A	1.15%
LYB	F	1.14%
BBY	D	1.12%
TOL	B	1.07%
OTIS	C	1.03%
GPC	D	0.93%
TPR	B	0.92%
ITW	B	0.91%
MTD	D	0.88%
LECO	B	0.86%
BMY	B	0.82%
CTSH	B	0.8%
PYPL	B	0.8%
SEIC	B	0.76%
CSCO	B	0.72%
DOX	D	0.68%
NVT	B	0.68%
CI	F	0.66%
IVZ	B	0.64%
DCI	B	0.61%
ALLE	D	0.55%
NYT	C	0.53%
QCOM	F	0.52%
AYI	B	0.51%
FFIV	B	0.51%
REYN	D	0.46%
ECL	D	0.45%
CBT	C	0.41%
HUBB	B	0.41%
G	B	0.39%
DBX	B	0.38%
FLS	B	0.36%
AZEK	A	0.33%
SHW	A	0.33%
ARW	D	0.32%
GWW	B	0.32%
AMCR	D	0.31%
SM	B	0.3%
JBL	B	0.29%
NOVT	D	0.29%
WSM	B	0.29%
QLYS	C	0.28%
TT	A	0.26%
PH	A	0.26%
KR	B	0.23%
FLO	D	0.23%
NEU	C	0.23%
COLM	B	0.21%
MPC	D	0.21%
CAT	B	0.2%
ADSK	A	0.2%
DVA	B	0.19%
JEF	A	0.19%
CRUS	D	0.18%
NSIT	F	0.18%
LEN	D	0.17%
LAMR	D	0.17%
TJX	A	0.17%
CR	A	0.17%
DDS	B	0.16%
DPZ	C	0.16%
SYY	B	0.15%
PPG	F	0.15%
GAP	C	0.15%
ROST	C	0.15%
ALSN	B	0.14%
LFUS	F	0.14%
EXPE	B	0.13%
AMKR	D	0.13%
IDXX	F	0.13%
EME	C	0.13%
TWLO	A	0.13%
PEGA	A	0.12%
DKS	C	0.12%
SYF	B	0.12%
SNA	A	0.11%
MLI	C	0.11%
GL	B	0.11%
AXS	A	0.11%
AIT	A	0.11%
GILD	C	0.11%
UNM	A	0.11%
STLD	B	0.1%
AXTA	A	0.1%
PKG	A	0.1%
FOXA	B	0.1%
VMI	B	0.1%
TAP	C	0.1%
BK	A	0.1%
NTRS	A	0.1%
RHI	B	0.1%
RL	B	0.1%
INCY	C	0.1%
EPAM	C	0.1%
BYD	C	0.1%
TRMB	B	0.1%
KEYS	A	0.09%
AVGO	D	0.09%
BWA	D	0.09%
MSM	C	0.09%
BRK.A	B	0.09%
TMHC	B	0.09%
DLB	B	0.09%
ADBE	C	0.09%
INFA	D	0.09%
CACI	D	0.09%
L	A	0.09%
JKHY	D	0.09%
DGX	A	0.09%
FIZZ	C	0.09%
CSL	C	0.09%
OMC	C	0.09%
JAZZ	B	0.09%
TROW	B	0.09%
BMI	B	0.09%
RGA	A	0.09%
SWKS	F	0.09%
FDX	B	0.09%
CMC	B	0.09%
EA	A	0.09%
AIZ	A	0.09%
EHC	B	0.09%
OMF	A	0.09%
HPE	B	0.09%
ALKS	B	0.09%
FIS	C	0.09%
WTS	B	0.09%
CHTR	C	0.09%
STT	A	0.09%
USFD	A	0.09%
AMG	B	0.09%
MHK	D	0.08%
CAG	D	0.08%
AMAT	F	0.08%
GIS	D	0.08%
AN	C	0.08%
KBH	D	0.08%
EG	C	0.08%
TXT	D	0.08%
VLO	C	0.08%
NXST	C	0.08%
PHM	D	0.08%
MAT	D	0.08%
EEFT	B	0.08%
POST	C	0.08%
EXPD	D	0.08%
PVH	C	0.08%
SAIC	F	0.08%
NVR	D	0.08%
BERY	B	0.08%
PARA	C	0.08%
ADTN	A	0.08%
SSNC	B	0.08%
K	A	0.08%
CCK	C	0.08%
TER	D	0.07%
KLAC	D	0.07%
IQV	D	0.07%
ALLY	C	0.07%
MEDP	D	0.07%
SWK	D	0.07%
CPB	D	0.07%
SKX	D	0.07%
MMS	F	0.07%
LRCX	F	0.07%
AOS	F	0.07%
TKR	D	0.07%
IGT	F	0.07%
AKAM	D	0.07%
CROX	D	0.06%
ELV	F	0.06%
CNC	D	0.06%
QRVO	F	0.05%

VALQ Underweight 61 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	C	-5.62%
COST	B	-2.39%
SPOT	B	-2.2%
LLY	F	-1.51%
MELI	D	-1.39%
T	A	-1.15%
HCA	F	-0.98%
MUSA	A	-0.92%
CVLT	B	-0.87%
ADP	B	-0.86%
PM	B	-0.79%
MORN	B	-0.68%
MU	D	-0.66%
DASH	A	-0.62%
TRGP	B	-0.6%
CRWD	B	-0.55%
DFS	B	-0.51%
MRK	F	-0.51%
TEAM	A	-0.49%
V	A	-0.48%
PANW	C	-0.45%
DECK	A	-0.43%
GOOG	C	-0.39%
RBLX	C	-0.38%
ALNY	D	-0.36%
CMG	B	-0.36%
WFRD	D	-0.35%
GRMN	B	-0.35%
GRAB	B	-0.34%
TMUS	B	-0.34%
GS	A	-0.33%
INTC	D	-0.33%
NOW	A	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	B	-0.29%
SMAR	A	-0.29%
MCO	B	-0.29%
AZO	C	-0.29%
LPLA	A	-0.28%
CHKP	D	-0.25%
HSBH	B	-0.24%
HLI	B	-0.23%
LPX	B	-0.23%
DIS	B	-0.22%
XRX	F	-0.22%
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%
NRG	B	-0.16%
CYBR	B	-0.16%
RPRX	D	-0.16%
ERIE	D	-0.16%