PXH vs. RAYE ETF Comparison

Comparison of PowerShares FTSE RAFI Emerging Markets Portfolio (PXH) to The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF (RAYE)

PXH

PowerShares FTSE RAFI Emerging Markets Portfolio

PXH Description

The PowerShares FTSE RAFI Emerging Markets Portfolio (Fund) is based on the FTSE RAFI Emerging Markets Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest Emerging Market equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$20.79

Average Daily Volume

158,184

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAYE

The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF

RAYE Description

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

Grade (RS Rating)

Last Trade

$25.23

Average Daily Volume

5,535

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PXH	RAYE
30 Days	-4.03%	-3.02%
60 Days	0.42%	-4.60%
90 Days	1.21%	-4.99%
12 Months	18.03%	18.59%

3 Overlapping Holdings

Symbol	Grade	Weight in PXH	Weight in RAYE	Overlap
BRFS	D	0.15%	0.43%	0.15%
HDB	C	0.86%	0.54%	0.54%
IBN	C	0.19%	1.15%	0.19%

PXH Overweight 23 Positions Relative to RAYE

Symbol	Grade	Weight
BABA	D	4.6%
VALE	F	1.89%
BIDU	F	0.55%
UMC	F	0.43%
TCOM	B	0.36%
YUMC	C	0.28%
SBSW	D	0.27%
GGB	C	0.26%
CHT	D	0.21%
ABEV	F	0.21%
BEKE	D	0.17%
QFIN	B	0.16%
VIPS	F	0.15%
ERJ	B	0.14%
PDD	F	0.14%
DQ	F	0.1%
WIT	A	0.09%
BCH	F	0.08%
JKS	F	0.08%
TME	D	0.07%
ASAI	F	0.07%
CSIQ	F	0.05%
CSAN	F	0.05%

PXH Underweight 8 Positions Relative to RAYE

Symbol	Grade	Weight
SBLK	F	-0.9%
CAR	C	-0.64%
KEP	B	-0.48%
SKM	D	-0.41%
KB	B	-0.24%
KT	A	-0.24%
SHG	D	-0.21%
MELI	D	-0.2%