KCE vs. RAYD ETF Comparison

Comparison of SPDR S&P Capital Markets ETF (KCE) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

KCE

SPDR S&P Capital Markets ETF

KCE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$143.81

Average Daily Volume

68,699

Number of Holdings ^*

* 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

$32.06

Average Daily Volume

6,228

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	KCE	RAYD
30 Days	6.10%	1.84%
60 Days	15.24%	4.29%
90 Days	21.86%	5.77%
12 Months	65.02%	35.79%

6 Overlapping Holdings

Symbol	Grade	Weight in KCE	Weight in RAYD	Overlap
EVR	B	1.84%	0.72%	0.72%
GS	B	1.8%	0.33%	0.33%
HLI	B	1.75%	0.23%	0.23%
LPLA	A	2.22%	0.28%	0.28%
MCO	D	1.46%	0.29%	0.29%
MORN	B	1.62%	0.68%	0.68%

KCE Overweight 54 Positions Relative to RAYD

Symbol	Grade	Weight
COIN	A	2.54%
HOOD	A	2.1%
IBKR	A	2.03%
RJF	A	1.98%
MS	A	1.96%
SF	B	1.95%
PJT	B	1.86%
OWL	A	1.86%
CG	B	1.86%
AMP	A	1.85%
JEF	A	1.85%
SCHW	A	1.83%
PIPR	B	1.82%
HLNE	A	1.81%
STEP	B	1.8%
KKR	A	1.8%
JHG	B	1.79%
VCTR	B	1.77%
NTRS	A	1.76%
SEIC	B	1.75%
FHI	B	1.74%
BX	A	1.74%
TPG	A	1.7%
BLK	B	1.69%
APAM	B	1.68%
STT	B	1.66%
TROW	B	1.65%
ARES	A	1.65%
BK	B	1.64%
WT	A	1.62%
MC	B	1.62%
BGC	C	1.61%
IVZ	C	1.6%
FDS	B	1.6%
AMG	C	1.6%
NDAQ	A	1.59%
CNS	B	1.59%
MSCI	B	1.58%
VIRT	A	1.58%
BEN	C	1.57%
TW	A	1.57%
CME	A	1.53%
MKTX	D	1.51%
SPGI	D	1.43%
SNEX	B	1.4%
ICE	C	1.4%
CBOE	C	1.36%
DBRG	F	1.29%
VRTS	B	1.22%
DFIN	D	0.87%
BSIG	A	0.66%
PX	A	0.63%
DHIL	A	0.36%
LPRO	C	0.35%

KCE Underweight 105 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	A	-5.62%
AAPL	C	-5.42%
MSFT	D	-4.67%
AMZN	B	-3.47%
GOOGL	B	-2.82%
COST	A	-2.39%
SPOT	B	-2.2%
BKNG	A	-1.88%
BRBR	A	-1.62%
LLY	F	-1.51%
META	C	-1.48%
MELI	D	-1.39%
MO	A	-1.32%
MCK	A	-1.25%
SFM	A	-1.19%
MMM	D	-1.18%
T	A	-1.15%
PGR	B	-1.11%
COKE	C	-0.99%
HCA	F	-0.98%
CL	D	-0.95%
MUSA	B	-0.92%
CVLT	B	-0.87%
ADP	B	-0.86%
ALL	A	-0.82%
THC	C	-0.8%
PM	A	-0.79%
MSI	B	-0.79%
APP	A	-0.74%
MU	D	-0.66%
NFLX	A	-0.64%
EXEL	B	-0.63%
DASH	A	-0.62%
TRGP	A	-0.6%
FTNT	B	-0.58%
HRB	D	-0.56%
COR	B	-0.56%
CRWD	B	-0.55%
PG	C	-0.54%
DFS	B	-0.51%
MRK	F	-0.51%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	D	-0.48%
V	A	-0.48%
FICO	B	-0.47%
LMT	D	-0.45%
WING	D	-0.45%
PANW	B	-0.45%
DECK	A	-0.43%
ABBV	F	-0.42%
JNJ	D	-0.39%
GOOG	B	-0.39%
RBLX	B	-0.38%
ALNY	D	-0.36%
CMG	C	-0.36%
GM	B	-0.35%
WFRD	F	-0.35%
ORI	A	-0.35%
GRMN	B	-0.35%
GRAB	A	-0.34%
TMUS	B	-0.34%
ZM	B	-0.34%
CAH	B	-0.33%
TXRH	B	-0.33%
INTC	C	-0.33%
NOW	B	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	C	-0.29%
GDDY	A	-0.29%
SMAR	A	-0.29%
AZO	C	-0.29%
HIG	B	-0.28%
VRSN	F	-0.26%
DOCU	B	-0.26%
CHKP	D	-0.25%
HSBH	A	-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	F	-0.21%
HPQ	B	-0.2%
MANH	D	-0.2%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	F	-0.19%
RGLD	C	-0.19%
UNH	C	-0.19%
LULU	C	-0.18%
VZ	C	-0.18%
DXCM	C	-0.18%
STX	D	-0.18%
WWD	B	-0.17%
MNDY	D	-0.16%
AER	B	-0.16%
NRG	B	-0.16%
CYBR	A	-0.16%
UHS	D	-0.16%
RPRX	F	-0.16%
ERIE	F	-0.16%