EMMF vs. RAYE ETF Comparison

Comparison of WisdomTree Emerging Markets Multifactor Fund (EMMF) to The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF (RAYE)

EMMF

WisdomTree Emerging Markets Multifactor Fund

EMMF Description

The investment seeks capital appreciation. The fund, an exchange traded fund ("ETF"), is actively managed using a model-based approach. Under normal circumstances, it will invest at least 80% of its net assets in equity securities of emerging markets. The advisor generally expects to invest in large- and mid-capitalization companies, but it may also invest in small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.48

Average Daily Volume

6,091

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

RAYE

The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF

RAYE Description

The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. It invests in public equity markets of global emerging 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 fundamental and quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.90

Average Daily Volume

7,154

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

Performance

Period	EMMF	RAYE
30 Days	2.90%	0.30%
60 Days	8.57%	8.29%
90 Days	1.37%	-0.85%
12 Months	26.38%	26.74%

2 Overlapping Holdings

	Symbol	Grade	Weight in EMMF	Weight in RAYE	Overlap
	BRFS	D	0.11%	0.21%	0.11%
	SKM	C	1.03%	0.42%	0.42%

EMMF Overweight 6 Positions Relative to RAYE

	Symbol	Grade	Weight
	YUMC	B	0.92%
	CHT	C	0.69%
	UMC	D	0.63%
	VIPS	B	0.51%
	ABEV	B	0.36%
	WIT	C	0.33%

EMMF Underweight 9 Positions Relative to RAYE

	Symbol	Grade	Weight
	IBN	C	-1.13%
	SBLK	C	-0.99%
	KEP	F	-0.7%
	HDB	D	-0.52%
	CAR	D	-0.43%
	MMYT	B	-0.23%
	KT	C	-0.23%
	SHG	D	-0.21%
	KB	D	-0.2%

EMMF: Top Represented Industries & Keywords

Industries: Telecom Services Beverages - Brewers Information Technology Services Packaged Foods Restaurants Semiconductors Specialty Retail

Keywords: Broadband Information And Communications Technology Internet Access Phone Services Pizza Telecommunications Telephone Services ADSL Access Management Advertising Services Alcohol Anheuser Busch Animal Feed Backup Software Beef Beer Bottled Water Brewing Broadband Access Broadband Internet

RAYE: Top Represented Industries & Keywords

Industries: Banks - Regional - Asia Telecom Services Leisure Packaged Foods Rental & Leasing Services Shipping & Ports Utilities - Regulated Electric

Keywords: Bank Banking Investment Banking Currency Investment Banking Services Account Management Broadband Broadband Internet Cash Management Commercial Banking Connection Services Financial Products Foreign Exchange Services Information And Communications Technology Interconnection Services Internet Access Internet Access Services Iptv Mobile Telecommunications Phone Services