CAMX vs. SEF ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to ProShares Short Financials (SEF)

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

$30.38

Average Daily Volume

427

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.83

Average Daily Volume

14,766

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	SEF
30 Days	1.18%	-6.37%
60 Days	4.93%	-10.24%
90 Days	6.26%	-12.61%
12 Months	25.31%	-28.22%

3 Overlapping Holdings

Symbol	Grade	Weight in CAMX	Weight in SEF	Overlap
AXP	B	1.51%	1.49%	1.49%
CME	B	5.31%	1.25%	1.25%
GS	B	2.12%	1.34%	1.34%

CAMX Overweight 21 Positions Relative to SEF

Symbol	Grade	Weight
DAL	A	6.36%
AL	B	4.77%
BMY	B	4.53%
LH	B	4.42%
CMCSA	B	4.37%
MDT	D	4.36%
GOOGL	B	3.98%
TXN	B	3.93%
ET	B	3.88%
PPG	F	3.82%
UNP	D	3.28%
DEO	F	3.25%
CNC	F	3.03%
UBER	F	2.97%
WAT	B	2.76%
STZ	D	2.58%
CTVA	C	2.55%
EL	F	2.53%
CVX	B	2.49%
ELV	F	2.05%
AMAT	F	1.25%

CAMX Underweight 94 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	C	-7.56%
JPM	B	-7.27%
V	A	-5.88%
MA	A	-4.83%
BAC	A	-4.46%
WFC	B	-3.19%
C	B	-2.98%
AMT	F	-1.74%
USB	B	-1.32%
TFC	A	-1.27%
SPGI	D	-1.22%
MS	A	-1.19%
CB	D	-1.17%
PNC	A	-1.13%
BLK	B	-1.06%
CCI	F	-1.02%
PLD	F	-1.0%
MMC	C	-0.97%
SCHW	A	-0.93%
ICE	D	-0.91%
EQIX	C	-0.84%
AON	A	-0.83%
COF	B	-0.81%
AIG	C	-0.77%
SPG	B	-0.76%
PGR	B	-0.75%
MCO	C	-0.7%
MET	C	-0.69%
BX	B	-0.67%
PRU	B	-0.66%
AFL	C	-0.66%
BK	B	-0.65%
ALL	A	-0.64%
TRV	B	-0.61%
WELL	B	-0.59%
PSA	D	-0.56%
TROW	B	-0.52%
AVB	B	-0.51%
STT	B	-0.5%
SBAC	D	-0.48%
EQR	D	-0.48%
DLR	B	-0.44%
WTW	A	-0.44%
DFS	B	-0.44%
O	D	-0.42%
MSCI	B	-0.4%
CSGP	D	-0.4%
WY	F	-0.39%
NTRS	A	-0.39%
AMP	A	-0.37%
VTR	C	-0.37%
HIG	C	-0.37%
SYF	B	-0.36%
MTB	B	-0.36%
FITB	A	-0.35%
BXP	D	-0.34%
CBRE	B	-0.34%
ESS	C	-0.34%
ARE	F	-0.32%
KEY	B	-0.32%
ACGL	D	-0.31%
CFG	B	-0.3%
DOC	C	-0.3%
AJG	B	-0.3%
INVH	D	-0.28%
MKL	A	-0.28%
RF	A	-0.27%
CINF	A	-0.27%
HBAN	A	-0.26%
MAA	C	-0.26%
PFG	C	-0.25%
MKTX	C	-0.24%
WPC	F	-0.24%
SUI	F	-0.24%
EXR	D	-0.24%
L	B	-0.23%
NLY	D	-0.23%
UDR	D	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
FNF	C	-0.22%
NDAQ	B	-0.21%
RJF	A	-0.2%
LNC	B	-0.2%
EG	D	-0.19%
MPW	F	-0.19%
ALLY	C	-0.19%
EQH	B	-0.19%
GL	B	-0.18%
FDS	A	-0.18%
REG	B	-0.18%
VNO	C	-0.18%
CPT	D	-0.18%
WRB	B	-0.17%