RAYD vs. FLQL ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to Franklin LibertyQ U.S. Equity ETF (FLQL)

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

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	FLQL
30 Days	4.23%	2.44%
60 Days	5.09%	3.55%
90 Days	6.59%	4.50%
12 Months	37.58%	31.26%

49 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in FLQL	Overlap
AAPL	C	5.42%	7.0%	5.42%
ABBV	D	0.42%	1.33%	0.42%
AMZN	C	3.47%	2.92%	2.92%
APP	B	0.74%	0.42%	0.42%
BKNG	A	1.88%	1.19%	1.19%
CL	D	0.95%	0.52%	0.52%
CMG	B	0.36%	0.57%	0.36%
COKE	C	0.99%	0.08%	0.08%
COST	B	2.39%	1.7%	1.7%
DECK	A	0.43%	0.22%	0.22%
EVR	B	0.72%	0.12%	0.12%
FICO	B	0.47%	0.17%	0.17%
GM	B	0.35%	0.35%	0.35%
GOOG	C	0.39%	1.73%	0.39%
GOOGL	C	2.82%	2.04%	2.04%
GRMN	B	0.35%	0.25%	0.25%
GS	A	0.33%	0.6%	0.33%
HCA	F	0.98%	0.49%	0.49%
HIG	B	0.28%	0.19%	0.19%
HPQ	B	0.2%	0.29%	0.2%
HRB	D	0.56%	0.09%	0.09%
JNJ	D	0.39%	1.55%	0.39%
LDOS	C	0.21%	0.17%	0.17%
LLY	F	1.51%	1.31%	1.31%
LMT	D	0.45%	0.4%	0.4%
MCO	B	0.29%	0.56%	0.29%
META	D	1.48%	2.48%	1.48%
MO	A	1.32%	0.85%	0.85%
MRK	F	0.51%	1.21%	0.51%
MSFT	F	4.67%	5.96%	4.67%
MSI	B	0.79%	0.58%	0.58%
MTG	C	0.48%	0.09%	0.09%
MUSA	A	0.92%	0.11%	0.11%
NRG	B	0.16%	0.12%	0.12%
NTAP	C	0.21%	0.21%	0.21%
NVDA	C	5.62%	6.71%	5.62%
PM	B	0.79%	0.71%	0.71%
RGLD	C	0.19%	0.1%	0.1%
RMD	C	0.21%	0.13%	0.13%
SPOT	B	2.2%	0.22%	0.22%
T	A	1.15%	1.07%	1.07%
THC	D	0.8%	0.11%	0.11%
TMUS	B	0.34%	0.59%	0.34%
TXRH	C	0.33%	0.11%	0.11%
UHS	D	0.16%	0.1%	0.1%
UNH	C	0.19%	0.52%	0.19%
UTHR	C	0.2%	0.12%	0.12%
VZ	C	0.18%	1.24%	0.18%
WING	D	0.45%	0.08%	0.08%

RAYD Overweight 62 Positions Relative to FLQL

Symbol	Grade	Weight
BRBR	A	1.62%
MELI	D	1.39%
MCK	B	1.25%
SFM	A	1.19%
MMM	D	1.18%
PGR	A	1.11%
CVLT	B	0.87%
ADP	B	0.86%
ALL	A	0.82%
MORN	B	0.68%
MU	D	0.66%
NFLX	A	0.64%
EXEL	B	0.63%
DASH	A	0.62%
TRGP	B	0.6%
FTNT	C	0.58%
COR	B	0.56%
CRWD	B	0.55%
PG	A	0.54%
DFS	B	0.51%
TEAM	A	0.49%
ANF	C	0.48%
V	A	0.48%
PANW	C	0.45%
RBLX	C	0.38%
ALNY	D	0.36%
WFRD	D	0.35%
ORI	A	0.35%
GRAB	B	0.34%
ZM	B	0.34%
CAH	B	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%
AZO	C	0.29%
LPLA	A	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%
UBER	D	0.21%
MANH	D	0.2%
FTI	A	0.2%
LOGI	D	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%
CYBR	B	0.16%
RPRX	D	0.16%
ERIE	D	0.16%

RAYD Underweight 161 Positions Relative to FLQL

Symbol	Grade	Weight
MA	C	-1.79%
AVGO	D	-1.77%
WMT	A	-1.68%
IBM	C	-1.31%
ISRG	A	-1.3%
CAT	B	-1.27%
TXN	C	-1.24%
JPM	A	-1.23%
QCOM	F	-1.22%
TSLA	B	-1.13%
BRK.A	B	-1.11%
AMGN	D	-1.05%
C	A	-0.97%
AMAT	F	-0.96%
TJX	A	-0.95%
SYK	C	-0.94%
VRTX	F	-0.92%
ORCL	B	-0.88%
BSX	B	-0.84%
ANET	C	-0.77%
WM	A	-0.67%
KLAC	D	-0.67%
LRCX	F	-0.66%
TT	A	-0.65%
XOM	B	-0.63%
APH	A	-0.6%
REGN	F	-0.59%
CI	F	-0.56%
CB	C	-0.56%
PH	A	-0.52%
RTX	C	-0.5%
SPG	B	-0.46%
CTAS	B	-0.46%
PCAR	B	-0.44%
GD	F	-0.39%
GWW	B	-0.38%
PSA	D	-0.38%
URI	B	-0.38%
DHI	D	-0.36%
HLT	A	-0.33%
FAST	B	-0.33%
ADI	D	-0.32%
RSG	A	-0.31%
LEN	D	-0.3%
SO	D	-0.29%
ELV	F	-0.28%
ACGL	D	-0.26%
CMI	A	-0.26%
HWM	A	-0.25%
CTSH	B	-0.24%
MCHP	D	-0.23%
AFL	B	-0.23%
PHM	D	-0.22%
PEG	A	-0.22%
SYF	B	-0.21%
HPE	B	-0.21%
DAL	C	-0.2%
FANG	D	-0.2%
DELL	C	-0.19%
GLW	B	-0.19%
NVR	D	-0.19%
IRM	D	-0.18%
EBAY	D	-0.17%
WAB	B	-0.17%
RCL	A	-0.17%
LYB	F	-0.16%
TPL	A	-0.16%
ETR	B	-0.16%
STLD	B	-0.16%
PKG	A	-0.15%
LII	A	-0.15%
CSL	C	-0.15%
TSCO	D	-0.15%
O	D	-0.15%
WSM	B	-0.15%
KMB	D	-0.14%
WSO	A	-0.13%
OC	A	-0.13%
TOL	B	-0.13%
CFG	B	-0.13%
IP	B	-0.13%
TNL	A	-0.12%
EME	C	-0.12%
AWI	A	-0.12%
RL	B	-0.12%
JEF	A	-0.12%
MAS	D	-0.12%
AYI	B	-0.12%
FIX	A	-0.12%
ALSN	B	-0.12%
DTM	B	-0.12%
AXS	A	-0.11%
LNC	B	-0.11%
BJ	A	-0.11%
FOXA	B	-0.11%
EXR	D	-0.11%
PPC	C	-0.11%
FOX	A	-0.11%
CW	B	-0.11%
DPZ	C	-0.11%
R	B	-0.11%
LOPE	B	-0.11%
CASY	A	-0.11%
RGA	A	-0.11%
G	B	-0.11%
CF	B	-0.11%
ESS	B	-0.11%
JHG	A	-0.11%
BBY	D	-0.11%
UGI	A	-0.1%
OHI	C	-0.1%
ROL	B	-0.1%
SCCO	F	-0.1%
K	A	-0.1%
EMN	D	-0.1%
DGX	A	-0.1%
CLH	B	-0.1%
LAMR	D	-0.1%
AVB	B	-0.1%
NFG	A	-0.1%
DVA	B	-0.1%
ADC	B	-0.1%
DKS	C	-0.1%
VICI	C	-0.1%
KRC	C	-0.1%
INGR	B	-0.1%
KEX	C	-0.1%
EHC	B	-0.1%
CHRW	C	-0.1%
CUZ	B	-0.1%
AMCR	D	-0.09%
WU	D	-0.09%
JNPR	F	-0.09%
NNN	D	-0.09%
MPWR	F	-0.09%
EPR	D	-0.09%
PK	B	-0.09%
SNX	C	-0.09%
CACI	D	-0.09%
NEU	C	-0.09%
GAP	C	-0.09%
GPK	C	-0.09%
CHE	D	-0.09%
LEN	D	-0.09%
GLPI	C	-0.09%
AVT	C	-0.09%
OMC	C	-0.09%
SWKS	F	-0.09%
M	D	-0.09%
SSNC	B	-0.09%
HIW	D	-0.09%
APA	D	-0.08%
CRI	D	-0.08%
CIVI	D	-0.08%
MEDP	D	-0.08%
DVN	F	-0.08%
TER	D	-0.08%
CROX	D	-0.07%
OGN	D	-0.07%
CRUS	D	-0.07%
MDU	D	-0.07%