IQQQ vs. RAYD ETF Comparison

Comparison of ProShares Nasdaq-100 High Income ETF (IQQQ) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

IQQQ

ProShares Nasdaq-100 High Income ETF

IQQQ Description

The index is designed to replicate the performance of an investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 Index call options. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.90

Average Daily Volume

51,106

Number of Holdings ^*

101

* 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	IQQQ	RAYD
30 Days	3.29%	4.23%
60 Days	4.67%	5.09%
90 Days	5.98%	6.59%
12 Months		37.58%

23 Overlapping Holdings

Symbol	Grade	Weight in IQQQ	Weight in RAYD	Overlap
AAPL	C	8.01%	5.42%	5.42%
ADP	B	0.72%	0.86%	0.72%
AMZN	C	4.9%	3.47%	3.47%
APP	B	0.57%	0.74%	0.57%
BKNG	A	1.0%	1.88%	1.0%
COST	B	2.45%	2.39%	2.39%
CRWD	B	0.48%	0.55%	0.48%
DASH	A	0.39%	0.62%	0.39%
DXCM	D	0.18%	0.18%	0.18%
FTNT	C	0.42%	0.58%	0.42%
GOOG	C	2.28%	0.39%	0.39%
GOOGL	C	2.37%	2.82%	2.37%
INTC	D	0.61%	0.33%	0.33%
LULU	C	0.22%	0.18%	0.18%
MELI	D	0.58%	1.39%	0.58%
META	D	4.52%	1.48%	1.48%
MSFT	F	7.11%	4.67%	4.67%
MU	D	0.65%	0.66%	0.65%
NFLX	A	2.25%	0.64%	0.64%
NVDA	C	8.24%	5.62%	5.62%
PANW	C	0.76%	0.45%	0.45%
TEAM	A	0.23%	0.49%	0.23%
TMUS	B	1.63%	0.34%	0.34%

IQQQ Overweight 78 Positions Relative to RAYD

Symbol	Grade	Weight
AVGO	D	4.5%
TSLA	B	3.81%
CSCO	B	1.38%
ADBE	C	1.32%
AMD	F	1.32%
PEP	F	1.3%
LIN	D	1.28%
ISRG	A	1.14%
TXN	C	1.08%
INTU	C	1.08%
QCOM	F	1.02%
CMCSA	B	0.99%
AMGN	D	0.92%
HON	B	0.88%
AMAT	F	0.84%
VRTX	F	0.69%
GILD	C	0.66%
SBUX	A	0.66%
ADI	D	0.62%
LRCX	F	0.54%
PYPL	B	0.52%
CTAS	B	0.52%
MDLZ	F	0.51%
KLAC	D	0.49%
CDNS	B	0.49%
SNPS	B	0.49%
REGN	F	0.48%
MAR	B	0.47%
PDD	F	0.46%
MRVL	B	0.46%
CEG	D	0.44%
ORLY	B	0.41%
CSX	B	0.4%
ADSK	A	0.39%
ASML	F	0.37%
ROP	B	0.35%
ABNB	C	0.35%
PCAR	B	0.34%
WDAY	B	0.33%
TTD	B	0.33%
CHTR	C	0.33%
NXPI	D	0.33%
CPRT	A	0.32%
FANG	D	0.32%
AEP	D	0.31%
MNST	C	0.31%
PAYX	C	0.3%
ROST	C	0.28%
FAST	B	0.28%
ODFL	B	0.27%
KDP	D	0.26%
BKR	B	0.26%
EA	A	0.26%
DDOG	A	0.25%
VRSK	A	0.24%
CTSH	B	0.23%
EXC	C	0.23%
GEHC	F	0.23%
XEL	A	0.23%
AZN	D	0.22%
KHC	F	0.22%
CCEP	C	0.21%
MCHP	D	0.21%
IDXX	F	0.2%
CSGP	D	0.19%
TTWO	A	0.19%
ANSS	B	0.18%
ZS	C	0.18%
ON	D	0.17%
WBD	C	0.15%
BIIB	F	0.14%
GFS	C	0.14%
CDW	F	0.14%
MDB	C	0.12%
ILMN	D	0.12%
ARM	D	0.1%
SMCI	F	0.09%
MRNA	F	0.08%

IQQQ Underweight 88 Positions Relative to RAYD

Symbol	Grade	Weight
SPOT	B	-2.2%
BRBR	A	-1.62%
LLY	F	-1.51%
MO	A	-1.32%
MCK	B	-1.25%
SFM	A	-1.19%
MMM	D	-1.18%
T	A	-1.15%
PGR	A	-1.11%
COKE	C	-0.99%
HCA	F	-0.98%
CL	D	-0.95%
MUSA	A	-0.92%
CVLT	B	-0.87%
ALL	A	-0.82%
THC	D	-0.8%
PM	B	-0.79%
MSI	B	-0.79%
EVR	B	-0.72%
MORN	B	-0.68%
EXEL	B	-0.63%
TRGP	B	-0.6%
HRB	D	-0.56%
COR	B	-0.56%
PG	A	-0.54%
DFS	B	-0.51%
MRK	F	-0.51%
ANF	C	-0.48%
MTG	C	-0.48%
V	A	-0.48%
FICO	B	-0.47%
LMT	D	-0.45%
WING	D	-0.45%
DECK	A	-0.43%
ABBV	D	-0.42%
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%
GS	A	-0.33%
TXRH	C	-0.33%
NOW	A	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	B	-0.29%
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%
HLI	B	-0.23%
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%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
UNH	C	-0.19%
VZ	C	-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%