PALC vs. RAYD ETF Comparison

Comparison of Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

PALC

Pacer Lunt Large Cap Multi-Factor Alternator ETF

PALC Description

The investment seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of its underlying index or in one or more ETFs that track the performance of all or a portion of such component securities in the same approximate proportion as in the fund’s underlying index. The index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$52.39

Average Daily Volume

19,012

Number of Holdings ^*

181

* 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	PALC	RAYD
30 Days	4.42%	4.23%
60 Days	6.04%	5.09%
90 Days	8.35%	6.59%
12 Months	36.24%	37.58%

27 Overlapping Holdings

Symbol	Grade	Weight in PALC	Weight in RAYD	Overlap
ABBV	D	0.38%	0.42%	0.38%
ADP	B	0.52%	0.86%	0.52%
AZO	C	0.55%	0.29%	0.29%
BKNG	A	1.25%	1.88%	1.25%
CAH	B	0.26%	0.33%	0.26%
CL	D	0.49%	0.95%	0.49%
COR	B	0.49%	0.56%	0.49%
COST	B	0.48%	2.39%	0.48%
FICO	B	0.57%	0.47%	0.47%
FTNT	C	0.57%	0.58%	0.57%
GS	A	1.96%	0.33%	0.33%
HCA	F	0.69%	0.98%	0.69%
HIG	B	0.5%	0.28%	0.28%
HPQ	B	0.3%	0.2%	0.2%
JNJ	D	0.49%	0.39%	0.39%
LMT	D	0.44%	0.45%	0.44%
MCK	B	1.17%	1.25%	1.17%
MO	A	1.39%	1.32%	1.32%
MSI	B	0.56%	0.79%	0.56%
PG	A	0.54%	0.54%	0.54%
PM	B	2.49%	0.79%	0.79%
RMD	C	0.22%	0.21%	0.21%
STX	D	0.13%	0.18%	0.13%
TMUS	B	0.72%	0.34%	0.34%
TRGP	B	0.23%	0.6%	0.23%
V	A	0.65%	0.48%	0.48%
VRSN	F	0.63%	0.26%	0.26%

PALC Overweight 154 Positions Relative to RAYD

Symbol	Grade	Weight
TSLA	B	3.78%
JPM	A	3.26%
MCD	D	2.85%
ORCL	B	2.07%
BAC	A	1.98%
AMGN	D	1.64%
LOW	D	1.55%
WFC	A	1.42%
MS	A	1.36%
SBUX	A	1.13%
OKE	A	1.07%
HLT	A	1.04%
AON	A	1.03%
C	A	1.01%
NEE	D	0.92%
PFE	D	0.9%
YUM	B	0.89%
BK	A	0.88%
OTIS	C	0.87%
AMT	D	0.86%
AME	A	0.79%
MET	A	0.77%
TDG	D	0.76%
BA	F	0.7%
BRK.A	B	0.69%
ORLY	B	0.69%
MSCI	C	0.65%
MAR	B	0.65%
VRTX	F	0.64%
FI	A	0.64%
AMP	A	0.62%
KMI	A	0.61%
RSG	A	0.6%
L	A	0.6%
WMB	A	0.59%
WMT	A	0.59%
MA	C	0.58%
HON	B	0.58%
KO	D	0.56%
MMC	B	0.56%
ATO	A	0.55%
CSCO	B	0.55%
CMS	C	0.55%
ITW	B	0.55%
TJX	A	0.55%
ETR	B	0.54%
FE	C	0.54%
IEX	B	0.53%
ROP	B	0.53%
CB	C	0.51%
PKG	A	0.51%
CME	A	0.51%
LIN	D	0.51%
ICE	C	0.5%
PRU	A	0.5%
PFG	D	0.49%
EA	A	0.49%
WM	A	0.49%
PAYX	C	0.49%
CTAS	B	0.49%
SRE	A	0.49%
CSX	B	0.48%
WELL	A	0.48%
CHD	B	0.48%
DRI	B	0.48%
PPL	B	0.48%
AJG	B	0.47%
DUK	C	0.47%
AIG	B	0.47%
PEG	A	0.47%
OMC	C	0.47%
BRO	B	0.47%
SPGI	C	0.47%
AVY	D	0.46%
BR	A	0.46%
AFL	B	0.46%
UNP	C	0.46%
GD	F	0.46%
WEC	A	0.45%
ABT	B	0.45%
AVB	B	0.45%
SO	D	0.45%
PEP	F	0.45%
LNT	A	0.45%
LH	C	0.45%
EVRG	A	0.44%
STZ	D	0.44%
ECL	D	0.44%
DGX	A	0.44%
MDT	D	0.44%
PPG	F	0.43%
MDLZ	F	0.43%
KDP	D	0.42%
ED	D	0.42%
KMB	D	0.42%
APD	A	0.42%
SYY	B	0.41%
HOLX	D	0.41%
CBOE	B	0.4%
NEM	D	0.39%
GIS	D	0.39%
LYB	F	0.37%
DOW	F	0.35%
TFC	A	0.34%
CPRT	A	0.34%
SPG	B	0.34%
CCI	D	0.33%
REGN	F	0.33%
ELV	F	0.32%
SBAC	D	0.31%
LHX	C	0.31%
CHTR	C	0.29%
F	C	0.26%
RCL	A	0.25%
TTWO	A	0.24%
PCG	A	0.24%
MTD	D	0.23%
XYL	D	0.23%
LYV	A	0.2%
STT	A	0.18%
EIX	B	0.18%
MAS	D	0.17%
BIIB	F	0.15%
HUBB	B	0.15%
WAT	B	0.15%
UAL	A	0.15%
DPZ	C	0.14%
VTR	C	0.14%
PTC	A	0.13%
TRMB	B	0.13%
EQT	B	0.13%
AES	F	0.12%
ES	D	0.12%
CCL	B	0.12%
NDSN	B	0.11%
KEY	B	0.11%
NTRS	A	0.11%
EL	F	0.1%
WYNN	D	0.1%
AKAM	D	0.09%
NI	A	0.09%
MGM	D	0.08%
BXP	D	0.08%
MTCH	D	0.08%
ALB	C	0.08%
LKQ	D	0.07%
KMX	B	0.07%
LW	C	0.07%
HSIC	B	0.06%
NCLH	B	0.06%
TECH	D	0.06%
CZR	F	0.05%
CTLT	B	0.05%
FMC	D	0.04%

PALC Underweight 84 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	C	-5.62%
AAPL	C	-5.42%
MSFT	F	-4.67%
AMZN	C	-3.47%
GOOGL	C	-2.82%
SPOT	B	-2.2%
BRBR	A	-1.62%
LLY	F	-1.51%
META	D	-1.48%
MELI	D	-1.39%
SFM	A	-1.19%
MMM	D	-1.18%
T	A	-1.15%
PGR	A	-1.11%
COKE	C	-0.99%
MUSA	A	-0.92%
CVLT	B	-0.87%
ALL	A	-0.82%
THC	D	-0.8%
APP	B	-0.74%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
NFLX	A	-0.64%
EXEL	B	-0.63%
DASH	A	-0.62%
HRB	D	-0.56%
CRWD	B	-0.55%
DFS	B	-0.51%
MRK	F	-0.51%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	C	-0.48%
WING	D	-0.45%
PANW	C	-0.45%
DECK	A	-0.43%
GOOG	C	-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%
TXRH	C	-0.33%
INTC	D	-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%
LPLA	A	-0.28%
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%
NTAP	C	-0.21%
UBER	D	-0.21%
MANH	D	-0.2%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
UNH	C	-0.19%
LULU	C	-0.18%
VZ	C	-0.18%
DXCM	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%