CARK vs. IAI ETF Comparison

Comparison of The Advisors? Inner Circle Fund II CastleArk Large Growth ETF (CARK) to iShares U.S. Broker-Dealers ETF (IAI)

CARK

The Advisors? Inner Circle Fund II CastleArk Large Growth ETF

CARK Description

The fund is an actively managed exchange-traded Fund ("ETF"). Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in common stock of large-capitalization companies. The fund may also invest up to 20% of its net assets, plus borrowings for investment purposes, in common stock of mid-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.14

Average Daily Volume

317

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IAI

iShares U.S. Broker-Dealers ETF

IAI Description

The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$152.00

Average Daily Volume

100,984

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARK	IAI
30 Days	2.37%	12.38%
60 Days	4.06%	19.01%
90 Days	4.35%	20.67%
12 Months		58.81%

0 Overlapping Holdings

	Symbol	Grade	Weight in CARK	Weight in IAI	Overlap

CARK Overweight 27 Positions Relative to IAI

Symbol	Grade	Weight
NVDA	C	13.68%
MSFT	F	11.7%
AAPL	C	8.86%
AMZN	C	7.52%
GOOGL	C	5.75%
BX	A	4.63%
META	D	4.61%
MA	C	4.53%
NOW	A	4.07%
V	A	4.03%
ANET	C	3.83%
NFLX	A	3.35%
ISRG	A	3.15%
VRTX	F	2.5%
LLY	F	2.13%
FICO	B	2.0%
APO	B	1.97%
TTD	B	1.96%
SBUX	A	1.46%
HD	A	1.45%
UBER	D	1.2%
SNPS	B	1.15%
TT	A	1.02%
SHOP	B	0.96%
ADBE	C	0.78%
AMAT	F	0.56%
LRCX	F	0.56%

CARK Underweight 32 Positions Relative to IAI

Symbol	Grade	Weight
GS	A	-14.35%
MS	A	-12.73%
SPGI	C	-12.62%
COIN	C	-6.64%
SCHW	B	-4.88%
MSCI	C	-4.03%
NDAQ	A	-3.87%
CME	A	-3.82%
MCO	B	-3.78%
ICE	C	-3.67%
RJF	A	-3.56%
LPLA	A	-2.81%
HOOD	B	-2.74%
CBOE	B	-2.48%
IBKR	A	-2.32%
FDS	B	-2.25%
TW	A	-1.8%
JEF	A	-1.44%
SF	B	-1.43%
EVR	B	-1.29%
MKTX	D	-1.2%
HLI	B	-1.18%
MORN	B	-1.11%
LAZ	B	-0.76%
PIPR	B	-0.64%
PJT	A	-0.47%
MC	C	-0.47%
BGC	C	-0.43%
VIRT	B	-0.37%
SNEX	B	-0.33%
DFIN	D	-0.2%
LPRO	C	-0.08%