BRNY vs. RAYD ETF Comparison

Comparison of Burney U.S. Factor Rotation ETF (BRNY) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

BRNY

Burney U.S. Factor Rotation ETF

BRNY Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks long term growth of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock. The fund will invest its assets in common stocks of large, mid, and small-capitalization companies.

Grade (RS Rating)

Last Trade

$42.96

Average Daily Volume

10,353

Number of Holdings ^*

* 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	BRNY	RAYD
30 Days	7.37%	4.23%
60 Days	9.01%	5.09%
90 Days	10.60%	6.59%
12 Months	43.45%	37.58%

24 Overlapping Holdings

Symbol	Grade	Weight in BRNY	Weight in RAYD	Overlap
AAPL	C	4.6%	5.42%	4.6%
AER	B	0.48%	0.16%	0.16%
ALL	A	0.5%	0.82%	0.5%
ALNY	D	0.4%	0.36%	0.36%
APP	B	1.95%	0.74%	0.74%
BRBR	A	1.83%	1.62%	1.62%
COR	B	4.56%	0.56%	0.56%
DOCU	A	0.53%	0.26%	0.26%
EXEL	B	2.59%	0.63%	0.63%
FTNT	C	5.76%	0.58%	0.58%
GOOGL	C	2.87%	2.82%	2.82%
GWRE	A	0.49%	0.31%	0.31%
MCO	B	2.64%	0.29%	0.29%
META	D	4.87%	1.48%	1.48%
NFLX	A	1.92%	0.64%	0.64%
NTAP	C	0.48%	0.21%	0.21%
NVDA	C	5.18%	5.62%	5.18%
PANW	C	3.2%	0.45%	0.45%
PGR	A	3.75%	1.11%	1.11%
SFM	A	0.75%	1.19%	0.75%
TRGP	B	0.59%	0.6%	0.59%
TXRH	C	4.9%	0.33%	0.33%
UTHR	C	0.46%	0.2%	0.2%
WING	D	0.5%	0.45%	0.45%

BRNY Overweight 54 Positions Relative to RAYD

Symbol	Grade	Weight
TOL	B	4.33%
TT	A	4.01%
WAB	B	3.9%
G	B	2.02%
QCOM	F	1.61%
ANET	C	1.44%
APH	A	1.29%
COLL	F	1.27%
UGI	A	1.15%
EME	C	1.12%
VERX	B	1.02%
DOCS	C	0.93%
PLTR	B	0.89%
HWM	A	0.87%
EA	A	0.8%
CORT	B	0.68%
YOU	D	0.59%
ALSN	B	0.56%
SPG	B	0.55%
MS	A	0.54%
SYF	B	0.54%
KMI	A	0.53%
INCY	C	0.53%
WFC	A	0.53%
CBOE	B	0.52%
BURL	A	0.51%
JPM	A	0.51%
EBAY	D	0.5%
BK	A	0.49%
EXP	A	0.49%
PRG	C	0.49%
LII	A	0.48%
GRBK	D	0.47%
VRTX	F	0.47%
LIN	D	0.46%
VICI	C	0.46%
TGTX	B	0.45%
AVGO	D	0.45%
PHM	D	0.42%
CACI	D	0.42%
SN	D	0.42%
ETN	A	0.39%
AMAT	F	0.39%
TPH	D	0.37%
JAMF	F	0.36%
MMC	B	0.36%
CNC	D	0.34%
LOPE	B	0.29%
ROST	C	0.26%
TSCO	D	0.25%
ACGL	D	0.24%
DFIN	D	0.23%
NVT	B	0.22%
KLAC	D	0.2%

BRNY Underweight 87 Positions Relative to RAYD

Symbol	Grade	Weight
MSFT	F	-4.67%
AMZN	C	-3.47%
COST	B	-2.39%
SPOT	B	-2.2%
BKNG	A	-1.88%
LLY	F	-1.51%
MELI	D	-1.39%
MO	A	-1.32%
MCK	B	-1.25%
MMM	D	-1.18%
T	A	-1.15%
COKE	C	-0.99%
HCA	F	-0.98%
CL	D	-0.95%
MUSA	A	-0.92%
CVLT	B	-0.87%
ADP	B	-0.86%
THC	D	-0.8%
PM	B	-0.79%
MSI	B	-0.79%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
DASH	A	-0.62%
HRB	D	-0.56%
CRWD	B	-0.55%
PG	A	-0.54%
DFS	B	-0.51%
MRK	F	-0.51%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	C	-0.48%
V	A	-0.48%
FICO	B	-0.47%
LMT	D	-0.45%
DECK	A	-0.43%
ABBV	D	-0.42%
JNJ	D	-0.39%
GOOG	C	-0.39%
RBLX	C	-0.38%
CMG	B	-0.36%
GM	B	-0.35%
WFRD	D	-0.35%
ORI	A	-0.35%
GRMN	B	-0.35%
GRAB	B	-0.34%
TMUS	B	-0.34%
ZM	B	-0.34%
CAH	B	-0.33%
GS	A	-0.33%
INTC	D	-0.33%
NOW	A	-0.32%
VEEV	C	-0.3%
CNA	B	-0.29%
GDDY	A	-0.29%
SMAR	A	-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%
RMD	C	-0.21%
UBER	D	-0.21%
HPQ	B	-0.2%
MANH	D	-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%
NRG	B	-0.16%
CYBR	B	-0.16%
UHS	D	-0.16%
RPRX	D	-0.16%
ERIE	D	-0.16%