RAYD vs. LKOR ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

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

$32.40

Average Daily Volume

6,219

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

LKOR

FlexShares Credit-Scored US Long Corporate Bond Index Fund

LKOR Description

Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund is an exchange traded fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in fixed income markets of the United States. It invests in US-dollar denominated investment grade bonds of companies rated BBB or higher by S&P or Fitch or Baa3 or higher by Moody's and with maturities greater than or equal to ten years. The fund seeks to track the performance of the Northern Trust Credit-Scored US Long Corporate Bond Index, by employing representative sampling methodology. Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund was formed on September 23, 2015 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$43.00

Average Daily Volume

6,936

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	LKOR
30 Days	2.60%	-1.02%
60 Days	5.11%	-5.39%
90 Days	6.20%	-3.75%
12 Months	37.07%	9.07%

27 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in LKOR	Overlap
AAPL	C	5.42%	0.17%	0.17%
ABBV	F	0.42%	0.33%	0.33%
ALL	A	0.82%	0.04%	0.04%
AMZN	C	3.47%	0.18%	0.18%
CAH	B	0.33%	0.31%	0.31%
GM	C	0.35%	0.13%	0.13%
GOOGL	C	2.82%	0.12%	0.12%
GS	A	0.33%	0.21%	0.21%
HCA	F	0.98%	0.24%	0.24%
HIG	B	0.28%	0.2%	0.2%
HPQ	B	0.2%	0.24%	0.2%
INTC	C	0.33%	0.37%	0.33%
JNJ	C	0.39%	0.12%	0.12%
LMT	D	0.45%	0.24%	0.24%
MCK	A	1.25%	0.23%	0.23%
MCO	B	0.29%	0.12%	0.12%
MMM	D	1.18%	0.26%	0.26%
MO	A	1.32%	0.2%	0.2%
MSFT	D	4.67%	0.1%	0.1%
NVDA	B	5.62%	0.21%	0.21%
PGR	A	1.11%	0.23%	0.23%
PM	B	0.79%	0.7%	0.7%
RPRX	D	0.16%	0.09%	0.09%
T	A	1.15%	0.09%	0.09%
UNH	B	0.19%	0.16%	0.16%
V	A	0.48%	0.4%	0.4%
VZ	C	0.18%	0.18%	0.18%

RAYD Overweight 84 Positions Relative to LKOR

Symbol	Grade	Weight
COST	A	2.39%
SPOT	B	2.2%
BKNG	A	1.88%
BRBR	A	1.62%
LLY	F	1.51%
META	D	1.48%
MELI	C	1.39%
SFM	A	1.19%
COKE	C	0.99%
CL	D	0.95%
MUSA	B	0.92%
CVLT	B	0.87%
ADP	A	0.86%
THC	D	0.8%
MSI	B	0.79%
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	B	0.62%
TRGP	A	0.6%
FTNT	C	0.58%
HRB	D	0.56%
COR	B	0.56%
CRWD	B	0.55%
PG	C	0.54%
DFS	B	0.51%
MRK	D	0.51%
TEAM	A	0.49%
ANF	F	0.48%
MTG	C	0.48%
FICO	B	0.47%
WING	D	0.45%
PANW	B	0.45%
DECK	A	0.43%
GOOG	C	0.39%
RBLX	C	0.38%
ALNY	D	0.36%
CMG	B	0.36%
WFRD	D	0.35%
ORI	A	0.35%
GRMN	B	0.35%
GRAB	A	0.34%
TMUS	B	0.34%
ZM	C	0.34%
TXRH	B	0.33%
NOW	A	0.32%
GWRE	A	0.31%
VEEV	C	0.3%
CNA	C	0.29%
GDDY	A	0.29%
SMAR	B	0.29%
AZO	C	0.29%
LPLA	A	0.28%
VRSN	C	0.26%
DOCU	B	0.26%
CHKP	C	0.25%
HSBH	B	0.24%
HLI	A	0.23%
LPX	B	0.23%
TSN	B	0.23%
DIS	B	0.22%
XRX	F	0.22%
LDOS	C	0.21%
RMD	C	0.21%
NTAP	C	0.21%
UBER	F	0.21%
MANH	D	0.2%
FTI	A	0.2%
UTHR	C	0.2%
LOGI	D	0.19%
RGLD	C	0.19%
LULU	C	0.18%
DXCM	C	0.18%
STX	C	0.18%
WWD	C	0.17%
MNDY	C	0.16%
AER	A	0.16%
NRG	B	0.16%
CYBR	A	0.16%
UHS	D	0.16%
ERIE	D	0.16%

RAYD Underweight 136 Positions Relative to LKOR

Symbol	Grade	Weight
SCCO	F	-0.64%
ACGL	C	-0.55%
DUK	C	-0.5%
HSBC	A	-0.48%
LNT	A	-0.4%
FITB	B	-0.39%
KOF	F	-0.37%
BA	F	-0.37%
HPE	B	-0.37%
NI	A	-0.37%
CVS	D	-0.36%
GILD	C	-0.35%
DOW	F	-0.32%
CP	F	-0.29%
NNN	C	-0.29%
ED	C	-0.29%
AEP	C	-0.28%
RF	A	-0.28%
TEL	B	-0.28%
AMT	C	-0.27%
KMB	C	-0.26%
JEF	A	-0.26%
NOC	D	-0.26%
CHTR	C	-0.26%
HON	C	-0.25%
LOW	C	-0.25%
ORCL	A	-0.25%
WFC	A	-0.25%
CAG	F	-0.24%
AEE	A	-0.24%
NEM	D	-0.24%
WEC	A	-0.24%
CMS	C	-0.24%
MMC	B	-0.24%
GWW	B	-0.24%
BHP	F	-0.24%
CMCSA	B	-0.24%
DOV	A	-0.24%
KDP	F	-0.24%
MKL	A	-0.24%
OKE	A	-0.24%
FOXA	A	-0.24%
LH	B	-0.23%
LYB	F	-0.23%
IBM	C	-0.23%
AIG	B	-0.23%
TXN	C	-0.23%
WRB	A	-0.23%
ATO	A	-0.23%
BDX	F	-0.23%
SBUX	A	-0.23%
AMGN	F	-0.23%
CSCO	B	-0.23%
BAC	A	-0.23%
D	C	-0.23%
MA	B	-0.22%
EXC	C	-0.22%
MRO	B	-0.22%
VMI	B	-0.22%
EL	F	-0.21%
SRE	A	-0.21%
SHW	B	-0.21%
EIX	B	-0.21%
C	A	-0.21%
KLAC	F	-0.2%
EG	C	-0.2%
AVGO	D	-0.2%
PAA	B	-0.2%
STZ	D	-0.19%
NDAQ	A	-0.19%
ZTS	D	-0.19%
KO	D	-0.19%
CCI	C	-0.19%
KMI	A	-0.19%
HD	B	-0.19%
LEA	F	-0.18%
EBAY	D	-0.18%
CPB	D	-0.18%
AIZ	A	-0.18%
ARE	F	-0.18%
EPD	A	-0.18%
REGN	F	-0.17%
SPGI	C	-0.16%
UNP	C	-0.16%
HAL	C	-0.14%
MS	A	-0.14%
MET	A	-0.14%
JCI	B	-0.13%
APTV	F	-0.13%
EFX	F	-0.13%
HAS	D	-0.13%
AON	A	-0.13%
XOM	B	-0.12%
TT	A	-0.12%
WELL	A	-0.12%
IFF	D	-0.12%
VTR	B	-0.12%
EMR	B	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
NSC	B	-0.12%
CSX	C	-0.12%
MCD	D	-0.12%
PRU	A	-0.11%
BWA	D	-0.11%
MLM	C	-0.11%
CHD	A	-0.11%
DG	F	-0.11%
REG	A	-0.11%
RJF	A	-0.11%
OC	A	-0.11%
MAS	D	-0.11%
FMC	D	-0.11%
SO	C	-0.11%
BABA	D	-0.11%
OTIS	C	-0.1%
VRSK	A	-0.1%
KIM	A	-0.1%
SJM	D	-0.1%
DHR	F	-0.1%
WBA	F	-0.1%
ELV	F	-0.1%
RPM	A	-0.1%
BHF	C	-0.1%
WTW	B	-0.1%
GLW	B	-0.1%
MDLZ	F	-0.09%
EA	A	-0.09%
BIIB	F	-0.09%
PCG	A	-0.09%
JPM	A	-0.09%
HUM	C	-0.07%
ITW	B	-0.06%
SIGI	C	-0.06%
LHX	C	-0.05%
FTV	C	-0.05%