RAYD vs. IGM ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to iShares North American Tech ETF (IGM)

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

$30.90

Average Daily Volume

6,019

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

IGM

iShares North American Tech ETF

IGM Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Sector IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of technology-related companies in the United States and Canada. Components primarily include information technology and technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$96.43

Average Daily Volume

317,687

Number of Holdings ^*

274

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	IGM
30 Days	4.53%	8.04%
60 Days	11.75%	14.87%
90 Days	3.14%	-1.11%
12 Months	35.91%	51.08%

27 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in IGM	Overlap
AAPL	C	5.36%	8.34%	5.36%
APP	A	0.35%	0.22%	0.22%
CRWD	D	0.46%	0.53%	0.46%
CVLT	B	0.5%	0.05%	0.05%
DBX	C	0.18%	0.05%	0.05%
DOCU	A	0.22%	0.1%	0.1%
FICO	C	0.4%	0.38%	0.38%
FTNT	A	0.19%	0.4%	0.19%
GDDY	B	0.25%	0.18%	0.18%
GOOG	B	0.37%	3.91%	0.37%
GOOGL	B	2.67%	4.73%	2.67%
HPQ	B	0.21%	0.28%	0.21%
IBM	A	0.58%	1.64%	0.58%
INTC	D	0.33%	0.82%	0.33%
MANH	A	0.21%	0.14%	0.14%
META	A	1.51%	8.8%	1.51%
MSFT	D	4.92%	8.17%	4.92%
MSI	A	0.45%	0.6%	0.45%
MU	D	0.76%	0.96%	0.76%
NFLX	A	0.57%	2.45%	0.57%
NTAP	D	0.23%	0.2%	0.2%
NVDA	B	5.74%	8.3%	5.74%
PANW	B	0.4%	0.88%	0.4%
STX	C	0.22%	0.18%	0.18%
TEAM	D	0.33%	0.21%	0.21%
VRSN	C	0.27%	0.13%	0.13%
XRX	D	0.23%	0.01%	0.01%

RAYD Overweight 81 Positions Relative to IGM

Symbol	Grade	Weight
AMZN	C	3.22%
COST	C	2.4%
BKNG	B	2.22%
LLY	D	1.75%
EME	B	1.57%
SPOT	C	1.54%
BRBR	A	1.42%
MELI	D	1.26%
T	B	1.16%
PGR	B	1.11%
ALL	A	1.03%
MCK	F	1.0%
MO	D	0.95%
MA	A	0.92%
SFM	A	0.92%
MUSA	D	0.9%
HCA	C	0.87%
DTM	A	0.87%
NVS	D	0.84%
CL	D	0.81%
MMM	C	0.8%
COKE	C	0.77%
MORN	B	0.65%
EVR	C	0.64%
MRK	F	0.61%
PG	D	0.59%
VRSK	D	0.52%
PM	D	0.52%
ADP	A	0.51%
THC	D	0.51%
ABBV	C	0.49%
ANF	D	0.48%
EXEL	B	0.48%
MEDP	F	0.47%
DECK	B	0.45%
V	B	0.44%
PRU	B	0.44%
JNJ	D	0.43%
DFS	A	0.42%
ALNY	C	0.39%
CMG	C	0.37%
WFRD	F	0.36%
ORI	A	0.34%
RGA	B	0.33%
HRB	C	0.3%
GRMN	D	0.3%
CHKP	A	0.29%
HIG	A	0.29%
TMUS	A	0.29%
VEEV	C	0.28%
GS	B	0.28%
WING	C	0.27%
GRAB	C	0.27%
TW	A	0.26%
UBER	C	0.24%
ERIE	A	0.23%
TSN	D	0.23%
DASH	A	0.23%
LOGI	D	0.22%
VZ	C	0.21%
DIS	D	0.21%
MTG	A	0.21%
LPLA	D	0.21%
TRGP	A	0.2%
UHS	D	0.2%
FANG	D	0.2%
HLI	A	0.2%
RGLD	C	0.2%
MNDY	B	0.19%
UNH	B	0.19%
UTHR	C	0.19%
FTI	B	0.19%
LMT	A	0.19%
WWD	C	0.18%
DXCM	F	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 247 Positions Relative to IGM

Symbol	Grade	Weight
AVGO	B	-4.53%
ORCL	A	-2.18%
CRM	B	-2.17%
AMD	C	-2.15%
ADBE	F	-1.85%
ACN	B	-1.77%
CSCO	A	-1.73%
TXN	C	-1.54%
QCOM	D	-1.53%
NOW	B	-1.47%
INTU	F	-1.4%
AMAT	C	-1.37%
ADI	B	-0.93%
LRCX	D	-0.87%
KLAC	B	-0.85%
ANET	A	-0.79%
SNPS	F	-0.64%
APH	D	-0.63%
CDNS	D	-0.61%
PLTR	A	-0.6%
MRVL	C	-0.5%
NXPI	F	-0.5%
ROP	D	-0.48%
ADSK	B	-0.47%
WDAY	D	-0.42%
TEL	D	-0.37%
MPWR	B	-0.36%
MCHP	F	-0.35%
IT	A	-0.32%
CTSH	B	-0.31%
SNOW	F	-0.31%
DDOG	B	-0.29%
GLW	C	-0.28%
DELL	C	-0.28%
EA	D	-0.28%
ON	F	-0.26%
MSTR	B	-0.25%
CDW	D	-0.24%
ANSS	D	-0.23%
FSLR	C	-0.22%
HUBS	D	-0.22%
KEYS	B	-0.22%
HPE	B	-0.21%
TYL	D	-0.2%
NET	D	-0.2%
TTWO	D	-0.2%
RBLX	D	-0.19%
PTC	B	-0.18%
TER	C	-0.18%
WDC	C	-0.18%
SMCI	F	-0.17%
PINS	D	-0.16%
MDB	D	-0.16%
TDY	A	-0.16%
ZM	B	-0.15%
ZBRA	B	-0.15%
ENTG	D	-0.14%
ENPH	F	-0.13%
DT	B	-0.13%
SWKS	F	-0.13%
ZS	F	-0.13%
NTNX	C	-0.12%
GWRE	A	-0.12%
GEN	A	-0.12%
TRMB	B	-0.12%
PSTG	F	-0.12%
AKAM	D	-0.12%
COHR	B	-0.11%
JBL	C	-0.11%
OKTA	F	-0.1%
FFIV	B	-0.1%
JNPR	C	-0.1%
ONTO	B	-0.09%
SNAP	D	-0.09%
EPAM	F	-0.09%
IOT	C	-0.08%
MTCH	B	-0.08%
QRVO	F	-0.08%
TWLO	B	-0.08%
FN	B	-0.07%
CIEN	A	-0.07%
SNX	C	-0.07%
OLED	B	-0.07%
CGNX	F	-0.06%
S	C	-0.06%
ARW	C	-0.06%
SPSC	D	-0.06%
LSCC	D	-0.06%
MKSI	F	-0.06%
SMAR	A	-0.06%
BSY	D	-0.06%
ALTR	B	-0.05%
PATH	D	-0.05%
AUR	C	-0.05%
ZETA	B	-0.05%
GTLB	D	-0.05%
NSIT	B	-0.05%
AZPN	A	-0.05%
BMI	A	-0.05%
VRNS	B	-0.05%
NOVT	C	-0.05%
MTSI	B	-0.05%
ESTC	F	-0.05%
CRUS	D	-0.05%
LFUS	C	-0.05%
U	D	-0.05%
PCOR	D	-0.05%
LITE	A	-0.04%
CRDO	B	-0.04%
DLB	D	-0.04%
RMBS	F	-0.04%
CCCS	D	-0.04%
AVT	B	-0.04%
BOX	C	-0.04%
TENB	D	-0.04%
ITRI	C	-0.04%
BDC	A	-0.04%
QTWO	B	-0.04%
PI	A	-0.04%
QLYS	F	-0.04%
CFLT	F	-0.04%
MARA	F	-0.04%
HCP	A	-0.04%
VNT	F	-0.04%
BILL	D	-0.04%
ACIW	A	-0.04%
KD	D	-0.04%
APPF	C	-0.04%
SQSP	A	-0.03%
SYNA	F	-0.03%
PEGA	B	-0.03%
SITM	A	-0.03%
BLKB	C	-0.03%
SMTC	C	-0.03%
AMKR	F	-0.03%
ACLS	F	-0.03%
IDCC	A	-0.03%
FORM	D	-0.03%
POWI	F	-0.03%
PLXS	A	-0.03%
SANM	D	-0.03%
ALGM	F	-0.03%
SLAB	D	-0.03%
DXC	C	-0.03%
IAC	C	-0.03%
AEIS	B	-0.03%
CWAN	B	-0.03%
WK	D	-0.03%
ASGN	D	-0.03%
ENV	C	-0.02%
UCTT	D	-0.02%
TTMI	D	-0.02%
BRZE	F	-0.02%
VECO	F	-0.02%
VYX	C	-0.02%
MIR	B	-0.02%
EXTR	D	-0.02%
VIAV	C	-0.02%
IPGP	D	-0.02%
FRSH	F	-0.02%
RIOT	F	-0.02%
FIVN	F	-0.02%
VSH	F	-0.02%
ZD	D	-0.02%
AMBA	C	-0.02%
CALX	C	-0.02%
INTA	C	-0.02%
OSIS	C	-0.02%
RPD	D	-0.02%
YELP	D	-0.02%
AGYS	D	-0.02%
KLIC	D	-0.02%
DV	F	-0.02%
CLSK	F	-0.02%
DOCN	B	-0.02%
CARG	C	-0.02%
PLUS	B	-0.02%
AI	D	-0.02%
RNG	F	-0.02%
PRFT	A	-0.02%
CXT	F	-0.02%
BL	D	-0.02%
ALRM	F	-0.02%
NCNO	F	-0.02%
YOU	C	-0.02%
PRGS	A	-0.02%
DIOD	F	-0.02%
TDC	D	-0.02%
ZI	F	-0.02%
SWI	B	-0.01%
BMBL	F	-0.01%
ZIP	D	-0.01%
GDYN	B	-0.01%
CNXN	C	-0.01%
PRO	F	-0.01%
SSTK	F	-0.01%
NABL	F	-0.01%
CXM	F	-0.01%
ETWO	F	-0.01%
FSLY	D	-0.01%
VSAT	F	-0.01%
PDFS	F	-0.01%
DGII	B	-0.01%
ASAN	F	-0.01%
ATEN	B	-0.01%
ICHR	D	-0.01%
AVPT	A	-0.01%
MXL	D	-0.01%
JAMF	F	-0.01%
ZUO	F	-0.01%
COHU	F	-0.01%
ADEA	B	-0.01%
MTTR	B	-0.01%
COMM	C	-0.01%
WOLF	F	-0.01%
PWSC	C	-0.01%
SEDG	F	-0.01%
APPN	C	-0.01%
SPT	F	-0.01%
INFN	C	-0.01%
NSSC	F	-0.01%
CTS	B	-0.01%
NTCT	C	-0.01%
BHE	C	-0.01%
PLAB	D	-0.01%
VRNT	F	-0.01%
KN	B	-0.01%
TRIP	D	-0.01%
DBD	B	-0.01%
RAMP	F	-0.01%
HLIT	D	-0.01%
IONQ	C	-0.01%
ALKT	D	-0.01%
PD	F	-0.01%
VERX	B	-0.01%
ROG	D	-0.01%
AVNW	F	-0.0%
CRSR	D	-0.0%
RBBN	C	-0.0%
TWKS	C	-0.0%
PLTK	C	-0.0%
ADTN	C	-0.0%
AAOI	C	-0.0%
SEMR	C	-0.0%
CLFD	D	-0.0%
MLNK	F	-0.0%
NTGR	C	-0.0%

IGM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Communication Equipment Information Technology Services Semiconductor Equipment & Materials Internet Content & Information Electronic Components Scientific & Technical Instruments Data Storage Contract Manufacturers Telecom Services Computer Hardware Computer Systems Business Services Capital Markets Consumer Electronics Diversified Industrials Electronic Gaming & Multimedia Electronic Gaming & Multimedia