FTHI vs. RAYD ETF Comparison

Comparison of First Trust High Income ETF (FTHI) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

244,323

Number of Holdings ^*

165

* 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

$32.43

Average Daily Volume

4,090

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	FTHI	RAYD
30 Days	2.96%	4.23%
60 Days	3.94%	5.09%
90 Days	5.68%	6.59%
12 Months	18.62%	37.58%

36 Overlapping Holdings

Symbol	Grade	Weight in FTHI	Weight in RAYD	Overlap
AAPL	C	5.63%	5.42%	5.42%
ABBV	D	0.62%	0.42%	0.42%
ADP	B	0.33%	0.86%	0.33%
AMZN	C	3.92%	3.47%	3.47%
BKNG	A	0.36%	1.88%	0.36%
BRBR	A	0.77%	1.62%	0.77%
CL	D	0.05%	0.95%	0.05%
CNA	B	0.23%	0.29%	0.23%
COST	B	0.83%	2.39%	0.83%
CVLT	B	0.48%	0.87%	0.48%
DECK	A	0.41%	0.43%	0.41%
FTI	A	0.34%	0.2%	0.2%
GOOG	C	1.84%	0.39%	0.39%
GOOGL	C	2.17%	2.82%	2.17%
GS	A	0.33%	0.33%	0.33%
HLI	B	0.44%	0.23%	0.23%
LLY	F	1.18%	1.51%	1.18%
LMT	D	0.26%	0.45%	0.26%
META	D	2.55%	1.48%	1.48%
MO	A	0.9%	1.32%	0.9%
MRK	F	0.49%	0.51%	0.49%
MSFT	F	6.53%	4.67%	4.67%
MSI	B	0.17%	0.79%	0.17%
MUSA	A	0.19%	0.92%	0.19%
NFLX	A	0.72%	0.64%	0.64%
NOW	A	0.42%	0.32%	0.32%
NVDA	C	6.56%	5.62%	5.62%
PG	A	0.79%	0.54%	0.54%
PM	B	0.37%	0.79%	0.37%
SFM	A	0.45%	1.19%	0.45%
T	A	0.35%	1.15%	0.35%
TMUS	B	0.3%	0.34%	0.3%
UNH	C	1.08%	0.19%	0.19%
V	A	1.01%	0.48%	0.48%
VEEV	C	0.31%	0.3%	0.3%
VZ	C	0.35%	0.18%	0.18%

FTHI Overweight 129 Positions Relative to RAYD

Symbol	Grade	Weight
BRK.A	B	1.73%
AVGO	D	1.65%
BXMT	C	1.55%
SLG	B	1.44%
JPM	A	1.41%
TSLA	B	1.36%
JXN	C	1.11%
XOM	B	1.0%
CRNX	C	0.99%
CCEP	C	0.98%
VST	B	0.97%
UL	D	0.94%
MA	C	0.88%
HD	A	0.88%
LADR	B	0.87%
CALM	A	0.76%
WMT	A	0.69%
CRM	B	0.65%
INGR	B	0.64%
PTVE	B	0.64%
IDA	A	0.59%
BAC	A	0.56%
ALSN	B	0.53%
ORCL	B	0.53%
CCI	D	0.53%
WFC	A	0.49%
NVS	D	0.49%
EXP	A	0.48%
SLM	A	0.48%
BMY	B	0.48%
GILD	C	0.47%
DTM	B	0.46%
KO	D	0.46%
IDCC	A	0.45%
PEP	F	0.45%
AMD	F	0.45%
TOL	B	0.45%
DELL	C	0.45%
MDT	D	0.45%
INSM	C	0.44%
ADBE	C	0.44%
EWBC	A	0.43%
INTU	C	0.43%
UMBF	B	0.43%
MEDP	D	0.42%
ARES	A	0.42%
MMC	B	0.42%
ITW	B	0.41%
LIN	D	0.41%
PPC	C	0.41%
CAT	B	0.41%
EHC	B	0.39%
AM	A	0.38%
TMO	F	0.38%
USFD	A	0.38%
CME	A	0.37%
ISRG	A	0.37%
IBM	C	0.36%
TXN	C	0.36%
LANC	C	0.36%
SLVM	B	0.35%
FNF	B	0.35%
KNSL	B	0.35%
GE	D	0.35%
HESM	B	0.34%
SPGI	C	0.33%
WSO	A	0.33%
RTX	C	0.33%
SCCO	F	0.33%
TJX	A	0.32%
MGEE	C	0.32%
QCOM	F	0.32%
BAH	F	0.31%
HON	B	0.31%
LOW	D	0.31%
AMGN	D	0.31%
DUK	C	0.31%
DHR	F	0.31%
AMAT	F	0.31%
KRC	C	0.31%
BKU	A	0.3%
LOPE	B	0.3%
PSA	D	0.3%
SBRA	C	0.3%
MATX	C	0.3%
AMT	D	0.29%
UNP	C	0.29%
GAP	C	0.27%
DHT	F	0.27%
IIPR	D	0.27%
GGG	B	0.27%
CVX	A	0.26%
NVO	D	0.25%
ATR	B	0.25%
SBLK	F	0.24%
O	D	0.24%
NEE	D	0.24%
BLK	C	0.24%
COP	C	0.24%
PFGC	B	0.22%
AMH	D	0.22%
STNG	F	0.22%
EQIX	A	0.21%
PAYX	C	0.21%
CVBF	A	0.2%
FLO	D	0.2%
SO	D	0.2%
OTTR	C	0.2%
XEL	A	0.19%
GEV	B	0.17%
NEU	C	0.17%
REYN	D	0.16%
KAR	B	0.15%
WEC	A	0.15%
EXR	D	0.14%
SFNC	B	0.14%
OGN	D	0.13%
BX	A	0.13%
NHI	D	0.12%
TGT	F	0.11%
PFE	D	0.1%
D	C	0.08%
BDX	F	0.07%
AJG	B	0.05%
SPG	B	0.05%
SYK	C	0.05%
MDLZ	F	0.03%
GIS	D	0.03%
ELV	F	0.03%

FTHI Underweight 75 Positions Relative to RAYD

Symbol	Grade	Weight
SPOT	B	-2.2%
MELI	D	-1.39%
MCK	B	-1.25%
MMM	D	-1.18%
PGR	A	-1.11%
COKE	C	-0.99%
HCA	F	-0.98%
ALL	A	-0.82%
THC	D	-0.8%
APP	B	-0.74%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
EXEL	B	-0.63%
DASH	A	-0.62%
TRGP	B	-0.6%
FTNT	C	-0.58%
HRB	D	-0.56%
COR	B	-0.56%
CRWD	B	-0.55%
DFS	B	-0.51%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	C	-0.48%
FICO	B	-0.47%
WING	D	-0.45%
PANW	C	-0.45%
JNJ	D	-0.39%
RBLX	C	-0.38%
ALNY	D	-0.36%
CMG	B	-0.36%
GM	B	-0.35%
WFRD	D	-0.35%
ORI	A	-0.35%
GRMN	B	-0.35%
GRAB	B	-0.34%
ZM	B	-0.34%
CAH	B	-0.33%
TXRH	C	-0.33%
INTC	D	-0.33%
GWRE	A	-0.31%
GDDY	A	-0.29%
SMAR	A	-0.29%
MCO	B	-0.29%
AZO	C	-0.29%
LPLA	A	-0.28%
HIG	B	-0.28%
VRSN	F	-0.26%
DOCU	A	-0.26%
CHKP	D	-0.25%
HSBH	B	-0.24%
LPX	B	-0.23%
TSN	B	-0.23%
DIS	B	-0.22%
XRX	F	-0.22%
LDOS	C	-0.21%
RMD	C	-0.21%
NTAP	C	-0.21%
UBER	D	-0.21%
HPQ	B	-0.2%
MANH	D	-0.2%
UTHR	C	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
LULU	C	-0.18%
DXCM	D	-0.18%
STX	D	-0.18%
WWD	B	-0.17%
MNDY	C	-0.16%
AER	B	-0.16%
NRG	B	-0.16%
CYBR	B	-0.16%
UHS	D	-0.16%
RPRX	D	-0.16%
ERIE	D	-0.16%