FLDZ vs. RAYD ETF Comparison

Comparison of RiverNorth Volition America Patriot ETF (FLDZ) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

FLDZ

RiverNorth Volition America Patriot ETF

FLDZ Description

RiverNorth Volition America Patriot ETF is an exchange traded fund launched by Listed Funds Trust. The fund is co-managed by RiverNorth Capital Management, LLC, TrueMark Investments, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. RiverNorth Volition America Patriot ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.58

Average Daily Volume

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

RAYD

The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

RAYD Description

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

Grade (RS Rating)

Last Trade

$30.79

Average Daily Volume

6,342

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	FLDZ	RAYD
30 Days	2.75%	2.09%
60 Days	4.24%	5.07%
90 Days	8.34%	4.83%
12 Months	21.39%	31.61%

24 Overlapping Holdings

Symbol	Grade	Weight in FLDZ	Weight in RAYD	Overlap
ALL	B	0.28%	1.04%	0.28%
CMG	C	0.37%	0.38%	0.37%
COKE	C	0.44%	0.39%	0.39%
DFS	C	0.24%	0.2%	0.2%
DTM	B	0.39%	0.85%	0.39%
EME	B	0.43%	1.5%	0.43%
ERIE	B	0.37%	0.22%	0.22%
FANG	D	0.31%	0.21%	0.21%
HIG	B	0.25%	0.29%	0.25%
LPLA	D	0.15%	0.2%	0.15%
MCK	F	0.38%	1.1%	0.38%
MO	C	0.46%	0.8%	0.46%
MUSA	D	0.38%	0.64%	0.38%
NBIX	F	0.33%	0.14%	0.14%
NRG	C	0.35%	0.15%	0.15%
ORI	B	0.24%	0.34%	0.24%
PGR	B	0.28%	1.12%	0.28%
SFM	B	0.46%	0.88%	0.46%
T	C	0.48%	0.78%	0.48%
THC	A	0.41%	0.51%	0.41%
TPL	B	0.32%	0.18%	0.18%
TRGP	B	0.42%	0.2%	0.2%
VZ	B	0.43%	0.21%	0.21%
WING	B	0.29%	0.26%	0.26%

FLDZ Overweight 271 Positions Relative to RAYD

Symbol	Grade	Weight
EQT	D	0.62%
LCID	C	0.57%
FYBR	C	0.52%
EXP	B	0.5%
DHI	B	0.5%
NVR	B	0.49%
LOW	B	0.49%
ROKU	C	0.49%
INTU	C	0.48%
BLDR	C	0.48%
RIVN	F	0.47%
DUK	C	0.47%
PHM	B	0.46%
SO	B	0.46%
NEE	C	0.46%
ENSG	B	0.45%
RSG	D	0.45%
PAYC	D	0.45%
TMHC	A	0.44%
UNH	C	0.44%
LBRDK	F	0.44%
NI	B	0.44%
TGT	C	0.44%
EIX	C	0.44%
CASY	D	0.43%
ODFL	D	0.43%
TOL	B	0.43%
MTH	A	0.43%
PAYX	C	0.43%
CPB	C	0.43%
PNW	C	0.43%
ULTA	D	0.42%
ORLY	C	0.42%
PCTY	C	0.42%
AEP	C	0.42%
ET	B	0.42%
EPD	B	0.42%
CSX	D	0.42%
ED	C	0.42%
CHE	C	0.42%
ETR	B	0.42%
XEL	B	0.42%
CVNA	B	0.42%
FOXA	B	0.41%
AEE	C	0.41%
D	C	0.41%
CMS	C	0.41%
PPL	C	0.41%
Z	B	0.41%
FE	C	0.41%
LNTH	D	0.41%
EVRG	B	0.4%
SAIC	C	0.4%
KMX	D	0.4%
LEN	B	0.4%
PEG	C	0.4%
OKE	B	0.4%
BURL	B	0.4%
DGX	B	0.4%
CI	C	0.4%
NTRA	C	0.4%
ELV	C	0.4%
WM	D	0.39%
AWK	B	0.39%
PCG	C	0.39%
CVS	D	0.39%
CEG	C	0.39%
WEC	C	0.39%
ROST	C	0.39%
KNX	C	0.39%
NYT	C	0.39%
TTD	B	0.39%
NSC	C	0.39%
AAON	B	0.39%
EOG	D	0.39%
PLNT	B	0.39%
TOST	C	0.39%
MOH	D	0.39%
ATO	B	0.39%
LNT	B	0.39%
KR	C	0.39%
USFD	B	0.39%
FND	C	0.39%
JBHT	D	0.38%
FIX	B	0.38%
MTZ	B	0.38%
OGE	C	0.38%
WMB	B	0.38%
ENLC	B	0.38%
PFGC	B	0.38%
AM	C	0.38%
CNC	D	0.38%
ITCI	D	0.38%
KMI	B	0.38%
CAH	C	0.38%
MLM	D	0.38%
HII	D	0.38%
MPLX	B	0.38%
SUM	D	0.38%
EXC	C	0.38%
STZ	D	0.37%
SITE	C	0.37%
HQY	C	0.37%
CHDN	C	0.37%
CHTR	D	0.37%
ES	C	0.37%
INCY	C	0.37%
DTE	C	0.37%
AZEK	C	0.37%
AGR	B	0.37%
REYN	C	0.37%
MPC	F	0.36%
TXRH	C	0.36%
CWST	D	0.36%
DKNG	C	0.36%
HUM	F	0.36%
KBH	A	0.36%
AN	D	0.36%
LUV	C	0.36%
HRL	C	0.36%
OLLI	C	0.36%
BILL	D	0.35%
WTRG	D	0.35%
NFG	B	0.35%
DRI	B	0.35%
BYD	C	0.35%
CACI	B	0.35%
ACI	F	0.35%
WES	D	0.35%
FSLR	C	0.35%
VMC	D	0.35%
LSTR	D	0.34%
RCM	C	0.34%
MRO	D	0.34%
IONS	F	0.34%
BAH	C	0.34%
CQP	F	0.34%
UFPI	C	0.34%
KEX	C	0.34%
CZR	C	0.33%
CTRA	F	0.33%
BJ	D	0.33%
LANC	D	0.33%
TSCO	C	0.33%
PNC	B	0.33%
SUN	D	0.33%
DKS	D	0.32%
VST	C	0.32%
MDU	C	0.32%
CNP	C	0.32%
TREX	D	0.32%
ADTN	D	0.32%
SWN	D	0.31%
PR	F	0.31%
IBP	D	0.31%
SWX	C	0.31%
SAIA	D	0.31%
CHRD	F	0.3%
WAL	B	0.3%
BECN	D	0.3%
NXST	D	0.3%
WSM	D	0.3%
RRC	D	0.3%
MTDR	F	0.3%
DOC	C	0.29%
VVV	D	0.29%
TNET	F	0.29%
AR	F	0.29%
CHK	D	0.29%
DVN	F	0.29%
CNM	F	0.29%
USB	B	0.28%
CUBE	C	0.28%
REG	C	0.28%
FIVE	D	0.28%
SRPT	D	0.28%
KIM	C	0.28%
GL	C	0.27%
CPT	B	0.27%
M	F	0.27%
LYFT	D	0.27%
CBSH	C	0.27%
CIVI	F	0.27%
DDS	F	0.26%
CMA	B	0.26%
PSA	B	0.26%
AVB	B	0.26%
COF	B	0.26%
VICI	C	0.26%
FRT	C	0.26%
CCI	C	0.26%
FITB	B	0.25%
DG	F	0.25%
SPG	B	0.25%
EXR	B	0.25%
AFRM	C	0.25%
APO	C	0.25%
UDR	C	0.25%
FR	B	0.25%
CINF	C	0.25%
AFG	B	0.25%
GLPI	C	0.25%
WFC	D	0.25%
ADC	C	0.25%
ZION	D	0.25%
EQR	B	0.25%
NNN	C	0.24%
LAMR	B	0.24%
BXP	B	0.24%
SM	F	0.24%
CFR	C	0.24%
PNFP	B	0.24%
FNF	B	0.24%
SYF	C	0.24%
MTB	B	0.24%
FCNCA	D	0.24%
CFG	C	0.24%
MAA	B	0.24%
WTFC	C	0.23%
OWL	C	0.23%
SOFI	C	0.23%
L	C	0.23%
CBOE	C	0.23%
ARE	C	0.23%
ESS	B	0.23%
RHP	C	0.23%
BRX	B	0.23%
STAG	C	0.23%
EWBC	D	0.23%
EQH	C	0.23%
JXN	A	0.22%
FHN	D	0.22%
ARES	B	0.22%
CELH	F	0.22%
INVH	C	0.22%
HBAN	B	0.22%
KEY	B	0.22%
RF	B	0.22%
REXR	C	0.22%
SCHW	D	0.22%
RLI	B	0.22%
ELS	C	0.22%
WBS	D	0.22%
AMH	C	0.22%
TFC	C	0.22%
BOKF	B	0.22%
EGP	B	0.21%
HOOD	C	0.21%
PB	B	0.21%
IEP	F	0.21%
JKHY	B	0.2%
ALLY	F	0.2%
CADE	C	0.2%
VOYA	B	0.2%
SSB	B	0.2%
MKL	C	0.2%
AGNC	B	0.2%
TROW	D	0.19%
HST	C	0.18%
SNV	C	0.18%
OMF	D	0.18%
ONB	C	0.18%
TRNO	C	0.18%
APPF	D	0.17%
SIGI	D	0.17%
COOP	C	0.17%
KNSL	C	0.17%
AMP	A	0.16%
MARA	F	0.16%
CACC	F	0.15%
LNC	D	0.15%

FLDZ Underweight 87 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	D	-6.08%
AAPL	C	-5.21%
MSFT	C	-5.07%
AMZN	C	-3.3%
COST	B	-2.5%
GOOGL	D	-2.12%
LLY	C	-1.87%
BKNG	C	-1.85%
MA	B	-1.8%
SPOT	B	-1.44%
BRBR	C	-1.42%
MELI	B	-1.33%
META	B	-1.24%
NVS	C	-0.85%
JNJ	C	-0.84%
PANW	D	-0.81%
CL	D	-0.65%
RGA	C	-0.65%
MORN	C	-0.64%
MRK	D	-0.63%
PG	C	-0.59%
MMC	C	-0.59%
IBM	B	-0.57%
MMM	B	-0.57%
MEDP	F	-0.52%
ADP	B	-0.52%
ANF	D	-0.5%
ABBV	C	-0.5%
CMI	C	-0.48%
V	C	-0.47%
DECK	C	-0.46%
VRTX	D	-0.46%
PRU	C	-0.44%
CRWD	D	-0.44%
CR	C	-0.41%
NU	B	-0.41%
HCA	B	-0.41%
WFRD	F	-0.4%
GM	C	-0.39%
NFLX	B	-0.37%
GOOG	D	-0.36%
TEAM	D	-0.35%
VRSK	D	-0.34%
APP	C	-0.33%
GRMN	D	-0.32%
MU	F	-0.3%
VEEV	C	-0.3%
HRB	C	-0.3%
GS	C	-0.28%
PINS	F	-0.28%
CHKP	B	-0.28%
INTC	F	-0.28%
TEVA	C	-0.27%
GRAB	C	-0.26%
VRSN	D	-0.26%
TW	B	-0.25%
GDDY	C	-0.25%
TSN	C	-0.24%
UBER	C	-0.22%
NTAP	D	-0.22%
XRX	D	-0.22%
DASH	C	-0.22%
PM	C	-0.21%
FICO	B	-0.21%
SMAR	C	-0.21%
LOGI	D	-0.21%
HLI	B	-0.2%
DIS	D	-0.2%
HUBS	D	-0.2%
STX	C	-0.2%
NKE	D	-0.2%
MTG	B	-0.2%
MANH	B	-0.2%
ALNY	C	-0.19%
UTHR	C	-0.19%
HPQ	D	-0.19%
NTNX	C	-0.19%
WWD	D	-0.18%
DBX	D	-0.18%
RPRX	C	-0.18%
MNDY	B	-0.18%
FTI	D	-0.18%
DXCM	F	-0.18%
AER	B	-0.17%
LDOS	B	-0.17%
LULU	D	-0.16%
CYBR	D	-0.16%