ESGE vs. RAYE ETF Comparison

Comparison of iShares MSCI EM ESG Optimized ETF (ESGE) to The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF (RAYE)

ESGE

iShares MSCI EM ESG Optimized ETF

ESGE Description

The iShares MSCI EM ESG Select ETF seeks to track the investment results of an index composed of large- and mid capitalization emerging market equities that have positive environmental, social and governance characteristics as identified by the index provider.

Grade (RS Rating)

Last Trade

$34.17

Average Daily Volume

525,558

Number of Holdings ^*

* 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

$24.97

Average Daily Volume

6,739

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ESGE	RAYE
30 Days	-5.61%	-5.56%
60 Days	-0.23%	-4.66%
90 Days	-0.52%	-3.81%
12 Months	11.45%	17.61%

2 Overlapping Holdings

	Symbol	Grade	Weight in ESGE	Weight in RAYE	Overlap
	HDB	C	1.2%	0.54%	0.54%
	IBN	C	1.28%	1.15%	1.15%

ESGE Overweight 11 Positions Relative to RAYE

Symbol	Grade	Weight
BABA	D	2.12%
TCOM	B	0.49%
LI	F	0.45%
YUMC	B	0.43%
XPEV	C	0.39%
CHT	D	0.31%
UMC	F	0.28%
BIDU	F	0.26%
MNSO	D	0.13%
NIO	F	0.13%
BGNE	D	0.1%

ESGE Underweight 9 Positions Relative to RAYE

Symbol	Grade	Weight
SBLK	D	-0.9%
CAR	C	-0.64%
KEP	B	-0.48%
BRFS	D	-0.43%
SKM	D	-0.41%
KB	C	-0.24%
KT	C	-0.24%
SHG	D	-0.21%
MELI	D	-0.2%