RAYD vs. FVD ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to First Trust VL Dividend (FVD)

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

$30.70

Average Daily Volume

6,019

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$44.71

Average Daily Volume

685,588

Number of Holdings ^*

193

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	FVD
30 Days	4.53%	1.41%
60 Days	11.75%	7.62%
90 Days	3.14%	11.68%
12 Months	35.91%	25.55%

21 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in FVD	Overlap
ABBV	C	0.49%	0.48%	0.48%
ADP	A	0.51%	0.48%	0.48%
ALL	A	1.03%	0.47%	0.47%
CL	D	0.81%	0.48%	0.48%
DTM	A	0.87%	0.48%	0.48%
GRMN	D	0.3%	0.48%	0.3%
GS	B	0.28%	0.48%	0.28%
HLI	A	0.2%	0.47%	0.2%
IBM	A	0.58%	0.49%	0.49%
JNJ	D	0.43%	0.48%	0.43%
LMT	A	0.19%	0.48%	0.19%
MMM	C	0.8%	0.5%	0.5%
MO	D	0.95%	0.48%	0.48%
MRK	F	0.61%	0.47%	0.47%
NVS	D	0.84%	0.48%	0.48%
PG	D	0.59%	0.48%	0.48%
PM	D	0.52%	0.48%	0.48%
T	B	1.16%	0.49%	0.49%
TMUS	A	0.29%	0.48%	0.29%
UNH	B	0.19%	0.48%	0.19%
VZ	C	0.21%	0.49%	0.21%

RAYD Overweight 87 Positions Relative to FVD

Symbol	Grade	Weight
NVDA	B	5.74%
AAPL	C	5.36%
MSFT	D	4.92%
AMZN	C	3.22%
GOOGL	B	2.67%
COST	C	2.4%
BKNG	B	2.22%
LLY	D	1.75%
EME	B	1.57%
SPOT	C	1.54%
META	A	1.51%
BRBR	A	1.42%
MELI	D	1.26%
PGR	B	1.11%
MCK	F	1.0%
MA	A	0.92%
SFM	A	0.92%
MUSA	D	0.9%
HCA	C	0.87%
COKE	C	0.77%
MU	D	0.76%
MORN	B	0.65%
EVR	C	0.64%
NFLX	A	0.57%
VRSK	D	0.52%
THC	D	0.51%
CVLT	B	0.5%
ANF	D	0.48%
EXEL	B	0.48%
MEDP	F	0.47%
CRWD	D	0.46%
MSI	A	0.45%
DECK	B	0.45%
V	B	0.44%
PRU	B	0.44%
DFS	A	0.42%
PANW	B	0.4%
FICO	C	0.4%
ALNY	C	0.39%
CMG	C	0.37%
GOOG	B	0.37%
WFRD	F	0.36%
APP	A	0.35%
ORI	A	0.34%
RGA	B	0.33%
TEAM	D	0.33%
INTC	D	0.33%
HRB	C	0.3%
CHKP	A	0.29%
HIG	A	0.29%
VEEV	C	0.28%
VRSN	C	0.27%
WING	C	0.27%
GRAB	C	0.27%
TW	A	0.26%
GDDY	B	0.25%
UBER	C	0.24%
XRX	D	0.23%
ERIE	A	0.23%
TSN	D	0.23%
NTAP	D	0.23%
DASH	A	0.23%
STX	C	0.22%
DOCU	A	0.22%
LOGI	D	0.22%
HPQ	B	0.21%
DIS	D	0.21%
MANH	A	0.21%
MTG	A	0.21%
LPLA	D	0.21%
TRGP	A	0.2%
UHS	D	0.2%
FANG	D	0.2%
RGLD	C	0.2%
MNDY	B	0.19%
UTHR	C	0.19%
FTI	B	0.19%
FTNT	A	0.19%
WWD	C	0.18%
DXCM	F	0.18%
DBX	C	0.18%
RPRX	D	0.18%
CYBR	C	0.17%
AER	C	0.17%
NRG	A	0.17%
LDOS	A	0.17%
LULU	D	0.16%

RAYD Underweight 172 Positions Relative to FVD

Symbol	Grade	Weight
RIO	B	-0.53%
TSM	B	-0.52%
OTIS	A	-0.52%
ACN	B	-0.51%
CAT	A	-0.51%
PPG	D	-0.51%
YUM	C	-0.51%
AOS	C	-0.51%
AVY	D	-0.5%
ADI	B	-0.5%
SCL	D	-0.5%
TSCO	A	-0.5%
LECO	D	-0.5%
DEO	C	-0.5%
CMI	A	-0.5%
UPS	D	-0.5%
EMR	B	-0.5%
NKE	D	-0.5%
DLB	D	-0.5%
KMB	D	-0.49%
NEU	F	-0.49%
CMCSA	B	-0.49%
TEL	D	-0.49%
SJM	D	-0.49%
BLK	A	-0.49%
WSO	C	-0.49%
TJX	D	-0.49%
BRC	C	-0.49%
SLGN	B	-0.49%
DOX	B	-0.49%
CHRW	C	-0.49%
UVV	D	-0.49%
BDX	C	-0.49%
MSM	D	-0.49%
TROW	D	-0.49%
INFY	B	-0.49%
CME	A	-0.49%
HD	A	-0.49%
CSCO	A	-0.49%
LOW	C	-0.49%
AZN	D	-0.49%
MMS	C	-0.49%
CTSH	B	-0.49%
MCD	A	-0.49%
HON	C	-0.49%
IEX	D	-0.49%
SNA	C	-0.49%
JCI	C	-0.49%
IOSP	F	-0.49%
DCI	B	-0.49%
INGR	B	-0.49%
SXT	C	-0.49%
HMC	D	-0.49%
MS	A	-0.49%
ITW	C	-0.49%
SBUX	B	-0.49%
TM	D	-0.49%
APD	C	-0.49%
TXN	C	-0.49%
GNTX	D	-0.49%
PEP	F	-0.48%
TRV	B	-0.48%
RHI	D	-0.48%
KDP	C	-0.48%
SWX	C	-0.48%
KR	C	-0.48%
EXC	C	-0.48%
PFE	D	-0.48%
SR	D	-0.48%
GILD	A	-0.48%
POR	D	-0.48%
TD	B	-0.48%
BK	A	-0.48%
ED	C	-0.48%
WM	B	-0.48%
ES	D	-0.48%
PAYX	B	-0.48%
IDA	D	-0.48%
OGS	C	-0.48%
JPM	C	-0.48%
THG	A	-0.48%
CB	A	-0.48%
EVRG	C	-0.48%
SNY	C	-0.48%
LNT	B	-0.48%
BAX	D	-0.48%
PPL	C	-0.48%
NSC	C	-0.48%
DTE	B	-0.48%
WEC	B	-0.48%
PEG	A	-0.48%
CMS	A	-0.48%
WTRG	D	-0.48%
KO	C	-0.48%
MDT	C	-0.48%
NI	A	-0.48%
ATO	A	-0.48%
REYN	D	-0.48%
JKHY	A	-0.48%
LANC	F	-0.48%
CSX	D	-0.48%
ETR	A	-0.48%
MMC	D	-0.48%
MDLZ	D	-0.48%
EQIX	C	-0.48%
UNP	F	-0.48%
CNI	D	-0.48%
GIS	C	-0.48%
FLO	D	-0.48%
FAST	C	-0.48%
BTI	D	-0.48%
SIGI	D	-0.48%
PINC	F	-0.48%
AGR	C	-0.48%
BAH	C	-0.48%
JNPR	C	-0.48%
WDFC	B	-0.48%
G	A	-0.48%
K	B	-0.48%
XEL	C	-0.48%
RTX	A	-0.48%
AFL	A	-0.48%
MKC	C	-0.48%
SEIC	B	-0.48%
SON	D	-0.48%
GSK	F	-0.48%
SNX	C	-0.48%
PKG	B	-0.48%
ALE	A	-0.48%
BMY	A	-0.48%
HRL	F	-0.48%
DGX	D	-0.48%
NWN	D	-0.48%
KHC	F	-0.48%
WERN	D	-0.48%
AIZ	B	-0.48%
JJSF	C	-0.48%
AEE	A	-0.48%
BR	B	-0.48%
UL	D	-0.48%
POOL	D	-0.48%
CAG	D	-0.48%
DE	C	-0.48%
MSEX	C	-0.47%
GATX	F	-0.47%
HII	F	-0.47%
CBSH	D	-0.47%
LHX	A	-0.47%
SRE	C	-0.47%
GD	C	-0.47%
HSY	D	-0.47%
PSA	C	-0.47%
OTTR	F	-0.47%
CWT	D	-0.47%
CPB	D	-0.47%
NDAQ	C	-0.47%
CNA	D	-0.47%
DUK	C	-0.47%
CALM	A	-0.47%
ABT	C	-0.47%
CLX	C	-0.47%
AEP	C	-0.47%
SO	A	-0.47%
NOC	B	-0.47%
TAK	D	-0.47%
NJR	C	-0.47%
CPK	C	-0.47%
AMGN	D	-0.46%
XOM	A	-0.46%
CVX	B	-0.46%
NFG	A	-0.46%
AWR	B	-0.46%