CAMX vs. MOAT ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to Market Vectors Wide Moat ETF (MOAT)

CAMX

The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF

CAMX Description

Under normal circumstances, the fund primarily invests in equity securities of companies located in the United States. The fund typically invests in a portfolio of 20-30 issuers that Cambiar Investors, the fund"s investment adviser, believes represent the best opportunities for long-term capital appreciation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.26

Average Daily Volume

311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MOAT

Market Vectors Wide Moat ETF

MOAT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MorningstarÂ® Wide Moat Focus IndexSM (the "Wide Moat Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of securities issued by companies that Morningstar, Inc. ("Morningstar" or the "Wide Moat Index Provider") determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors ("wide moat companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$97.29

Average Daily Volume

661,705

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	MOAT
30 Days	1.56%	-0.40%
60 Days	3.04%	1.33%
90 Days	2.19%	2.54%
12 Months	21.57%	24.43%

5 Overlapping Holdings

Symbol	Grade	Weight in CAMX	Weight in MOAT	Overlap
BMY	B	4.65%	3.0%	3.0%
CMCSA	B	4.24%	1.3%	1.3%
CTVA	C	2.54%	2.48%	2.48%
EL	F	2.33%	1.56%	1.56%
GOOGL	C	4.01%	1.39%	1.39%

CAMX Overweight 18 Positions Relative to MOAT

Symbol	Grade	Weight
DAL	B	6.91%
AL	B	5.1%
LH	B	4.54%
MDT	D	4.21%
ET	A	4.07%
CME	B	4.02%
UNP	C	4.02%
TXN	C	3.95%
PPG	F	3.72%
ELV	F	3.51%
DEO	F	3.26%
ABNB	C	2.95%
CNC	D	2.83%
UBER	F	2.81%
CVX	A	2.65%
GS	A	2.02%
AXP	A	1.57%
AMAT	F	1.16%

CAMX Underweight 48 Positions Relative to MOAT

Symbol	Grade	Weight
CRM	B	-3.14%
GILD	C	-2.97%
ADSK	A	-2.94%
EMR	B	-2.87%
USB	A	-2.78%
MKTX	D	-2.73%
BIO	C	-2.72%
KVUE	A	-2.69%
DIS	B	-2.69%
TRU	D	-2.69%
MO	A	-2.62%
VEEV	C	-2.57%
ALLE	C	-2.54%
ZBH	C	-2.37%
ADBE	C	-2.36%
CPB	D	-2.29%
A	D	-2.21%
PFE	F	-2.1%
IFF	D	-2.06%
NKE	F	-2.05%
BA	F	-1.87%
HII	F	-1.82%
FTNT	C	-1.73%
SCHW	B	-1.51%
WDAY	B	-1.44%
CLX	A	-1.44%
WAT	C	-1.4%
IEX	C	-1.39%
AMZN	C	-1.37%
APD	A	-1.36%
HON	C	-1.35%
SBUX	A	-1.33%
NOC	D	-1.32%
MAS	D	-1.29%
OTIS	C	-1.29%
RTX	D	-1.25%
UPS	C	-1.24%
ROK	C	-1.24%
KEYS	A	-1.23%
MSFT	D	-1.21%
EFX	F	-1.2%
LRCX	F	-1.17%
NXPI	D	-1.16%
GEHC	D	-1.14%
TMO	F	-1.04%
MCHP	F	-1.02%
TER	F	-0.97%
ETSY	D	-0.91%