ANEW vs. RAYD ETF Comparison

Comparison of ProShares MSCI Transformational Changes ETF (ANEW) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

ANEW

ProShares MSCI Transformational Changes ETF

ANEW Description

The investment seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index (the index). The fund seeks to invest substantially all of its assets in the securities included in the index. The index selects companies which may benefit from transformational changes in how people work, take care of their health, and consume and connect (Transformational Changes) - changes accelerated by COVID-19.

Grade (RS Rating)

Last Trade

$45.82

Average Daily Volume

263

Number of Holdings ^*

124

* 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

$32.58

Average Daily Volume

6,653

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	ANEW	RAYD
30 Days	0.01%	3.30%
60 Days	5.85%	7.99%
90 Days	7.61%	9.66%
12 Months	29.70%	38.49%

24 Overlapping Holdings

Symbol	Grade	Weight in ANEW	Weight in RAYD	Overlap
AAPL	C	2.18%	5.5%	2.18%
ABBV	D	2.31%	0.5%	0.5%
AMZN	A	2.01%	3.42%	2.01%
BKNG	A	2.29%	1.87%	1.87%
CHKP	D	0.2%	0.25%	0.2%
CRWD	B	0.15%	0.53%	0.15%
CVLT	A	0.26%	0.85%	0.26%
CYBR	B	0.2%	0.17%	0.17%
DASH	A	2.64%	0.6%	0.6%
DOCU	B	0.21%	0.25%	0.21%
DXCM	C	0.46%	0.18%	0.18%
GOOGL	B	1.62%	2.87%	1.62%
META	B	2.27%	1.52%	1.52%
MRK	F	1.46%	0.53%	0.53%
MSFT	C	1.79%	4.7%	1.79%
NFLX	A	2.18%	0.62%	0.62%
NOW	A	0.24%	0.32%	0.24%
NTAP	D	0.18%	0.22%	0.18%
NVDA	B	2.7%	5.75%	2.7%
PANW	A	0.25%	0.44%	0.25%
RMD	C	0.61%	0.22%	0.22%
SFM	B	1.13%	1.16%	1.13%
SMAR	A	0.24%	0.29%	0.24%
V	A	1.0%	0.48%	0.48%

ANEW Overweight 100 Positions Relative to RAYD

Symbol	Grade	Weight
ISRG	A	2.37%
ABT	C	2.16%
BABA	D	2.13%
BSX	A	2.12%
CTVA	C	2.03%
MKC	D	1.99%
DE	D	1.96%
IFF	F	1.91%
ADBE	C	1.88%
DHR	F	1.76%
AVGO	C	1.6%
BDX	D	1.15%
FMC	F	1.08%
CNH	D	0.98%
MA	B	0.91%
AGCO	F	0.85%
AMAT	F	0.84%
SE	B	0.7%
EW	D	0.68%
EA	A	0.64%
TCOM	C	0.64%
CSCO	A	0.63%
EBAY	C	0.62%
TTWO	A	0.58%
QCOM	F	0.57%
OMC	B	0.57%
ORCL	A	0.55%
ANSS	B	0.53%
SMG	D	0.49%
ZD	B	0.45%
DKNG	B	0.44%
SMPL	B	0.44%
PINS	F	0.42%
SNAP	C	0.41%
ILMN	C	0.41%
NEOG	F	0.4%
WST	B	0.39%
SXT	B	0.37%
AMD	F	0.35%
CRM	B	0.31%
MRNA	F	0.3%
DGX	A	0.29%
DOCS	B	0.29%
PRCT	C	0.28%
RARE	D	0.25%
MSTR	B	0.25%
INSP	F	0.25%
QTWO	A	0.24%
FFIV	A	0.24%
NTRA	B	0.24%
CCOI	C	0.24%
PYPL	A	0.22%
BOX	A	0.22%
GMED	B	0.22%
ALTR	C	0.21%
HOOD	B	0.21%
NET	B	0.21%
NOVT	C	0.21%
VRNS	D	0.21%
GH	B	0.2%
PCTY	A	0.2%
DBX	B	0.2%
HPE	B	0.2%
JNPR	D	0.2%
GEN	A	0.2%
DT	C	0.2%
EQIX	B	0.2%
TECH	B	0.2%
BL	B	0.19%
TWST	F	0.19%
KTOS	B	0.19%
AKAM	F	0.19%
QGEN	D	0.19%
SMTC	B	0.19%
HSIC	F	0.19%
CRSP	D	0.18%
WDAY	B	0.17%
ENOV	C	0.17%
PCOR	B	0.17%
IRDM	C	0.17%
AI	B	0.17%
BLKB	C	0.17%
NXPI	F	0.16%
MEDP	C	0.16%
EEFT	C	0.16%
TENB	C	0.16%
SLAB	F	0.15%
COIN	B	0.15%
RIOT	B	0.15%
CGNX	C	0.15%
NTNX	B	0.15%
SYNA	D	0.14%
IDYA	D	0.14%
ACHC	F	0.13%
OKTA	C	0.13%
MARA	C	0.13%
TNDM	F	0.13%
TMDX	F	0.12%
CLSK	C	0.1%
FIVN	C	0.1%

ANEW Underweight 87 Positions Relative to RAYD

Symbol	Grade	Weight
COST	B	-2.35%
SPOT	A	-1.89%
BRBR	A	-1.56%
LLY	F	-1.49%
MELI	D	-1.28%
MO	A	-1.28%
MCK	A	-1.22%
MMM	C	-1.2%
T	A	-1.15%
PGR	A	-1.09%
HCA	D	-1.0%
COKE	C	-0.96%
CL	F	-0.95%
MUSA	B	-0.89%
ADP	A	-0.85%
THC	B	-0.83%
ALL	A	-0.79%
PM	C	-0.78%
MU	D	-0.76%
MSI	B	-0.75%
EVR	B	-0.74%
MORN	B	-0.68%
EXEL	B	-0.64%
APP	B	-0.64%
HRB	D	-0.6%
TRGP	B	-0.59%
COR	A	-0.55%
PG	C	-0.54%
DFS	B	-0.51%
FTNT	B	-0.5%
MTG	C	-0.48%
ANF	D	-0.48%
WING	D	-0.45%
TEAM	B	-0.45%
FICO	B	-0.44%
LMT	C	-0.44%
DECK	B	-0.42%
GOOG	B	-0.4%
JNJ	D	-0.4%
RBLX	B	-0.38%
ALNY	D	-0.37%
CMG	B	-0.36%
WFRD	D	-0.36%
GRMN	A	-0.35%
INTC	C	-0.35%
ORI	A	-0.34%
TXRH	A	-0.33%
GM	A	-0.33%
GS	B	-0.32%
ZM	B	-0.32%
TMUS	A	-0.32%
GWRE	A	-0.31%
CAH	A	-0.31%
VEEV	B	-0.29%
MCO	C	-0.29%
CNA	C	-0.29%
GRAB	A	-0.29%
AZO	C	-0.29%
LPLA	B	-0.28%
HIG	C	-0.28%
GDDY	A	-0.27%
VRSN	C	-0.26%
HSBH	C	-0.25%
LPX	B	-0.23%
HLI	B	-0.23%
TSN	C	-0.22%
UBER	F	-0.22%
XRX	F	-0.22%
UTHR	B	-0.21%
FTI	B	-0.21%
DIS	B	-0.21%
LOGI	F	-0.2%
STX	D	-0.2%
RGLD	C	-0.2%
HPQ	B	-0.2%
MANH	C	-0.2%
LDOS	B	-0.2%
MNDY	C	-0.19%
UNH	B	-0.19%
LULU	C	-0.18%
VZ	C	-0.18%
AER	C	-0.17%
UHS	D	-0.17%
RPRX	F	-0.17%
NRG	B	-0.17%
ERIE	F	-0.17%
WWD	B	-0.17%