RAYD vs. QLV ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

$30.74

Average Daily Volume

6,479

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.15

Average Daily Volume

3,507

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	RAYD	QLV
30 Days	1.42%	1.65%
60 Days	3.54%	4.42%
90 Days	4.66%	6.22%
12 Months	32.97%	28.38%

25 Overlapping Holdings

Symbol	Grade	Weight in RAYD	Weight in QLV	Overlap
AAPL	C	5.21%	5.11%	5.11%
ABBV	C	0.5%	1.15%	0.5%
ADP	B	0.52%	0.87%	0.52%
ALL	B	1.04%	0.61%	0.61%
AMZN	C	3.3%	2.13%	2.13%
CHKP	A	0.28%	0.79%	0.28%
DTM	A	0.85%	0.5%	0.5%
GOOG	D	0.36%	0.53%	0.36%
GOOGL	D	2.12%	0.76%	0.76%
IBM	A	0.57%	1.77%	0.57%
JNJ	C	0.84%	1.9%	0.84%
LLY	C	1.87%	2.85%	1.87%
MCK	F	1.1%	0.3%	0.3%
META	A	1.24%	1.14%	1.14%
MMC	C	0.59%	0.06%	0.06%
MRK	D	0.63%	2.76%	0.63%
MSFT	C	5.07%	7.68%	5.07%
NBIX	F	0.14%	0.43%	0.14%
NVDA	D	6.08%	4.13%	4.13%
PG	C	0.59%	3.43%	0.59%
PM	C	0.21%	0.21%	0.21%
T	C	0.78%	1.45%	0.78%
V	C	0.47%	2.15%	0.47%
VRSK	D	0.34%	0.39%	0.34%
VZ	B	0.21%	1.7%	0.21%

RAYD Overweight 86 Positions Relative to QLV

Symbol	Grade	Weight
COST	B	2.5%
BKNG	B	1.85%
MA	B	1.8%
EME	A	1.5%
SPOT	B	1.44%
BRBR	C	1.42%
MELI	B	1.33%
PGR	A	1.12%
SFM	B	0.88%
NVS	C	0.85%
PANW	C	0.81%
MO	C	0.8%
CL	C	0.65%
RGA	B	0.65%
MORN	B	0.64%
MUSA	D	0.64%
MMM	A	0.57%
MEDP	D	0.52%
THC	B	0.51%
ANF	D	0.5%
CMI	C	0.48%
DECK	D	0.46%
VRTX	D	0.46%
PRU	C	0.44%
CRWD	D	0.44%
CR	C	0.41%
NU	B	0.41%
HCA	A	0.41%
WFRD	F	0.4%
GM	B	0.39%
COKE	C	0.39%
CMG	C	0.38%
NFLX	B	0.37%
TEAM	D	0.35%
ORI	B	0.34%
APP	B	0.33%
GRMN	D	0.32%
MU	F	0.3%
VEEV	C	0.3%
HRB	C	0.3%
HIG	B	0.29%
GS	C	0.28%
PINS	F	0.28%
INTC	F	0.28%
TEVA	D	0.27%
GRAB	B	0.26%
WING	B	0.26%
VRSN	D	0.26%
TW	B	0.25%
GDDY	C	0.25%
TSN	D	0.24%
ERIE	B	0.22%
UBER	C	0.22%
NTAP	D	0.22%
XRX	F	0.22%
DASH	B	0.22%
FANG	D	0.21%
FICO	B	0.21%
SMAR	C	0.21%
LOGI	D	0.21%
HLI	A	0.2%
LPLA	F	0.2%
DIS	D	0.2%
DFS	B	0.2%
HUBS	D	0.2%
STX	C	0.2%
NKE	D	0.2%
MTG	B	0.2%
TRGP	B	0.2%
MANH	A	0.2%
ALNY	C	0.19%
UTHR	C	0.19%
HPQ	D	0.19%
NTNX	C	0.19%
WWD	C	0.18%
DBX	D	0.18%
RPRX	D	0.18%
TPL	A	0.18%
MNDY	A	0.18%
FTI	D	0.18%
DXCM	F	0.18%
AER	B	0.17%
LDOS	B	0.17%
LULU	D	0.16%
CYBR	C	0.16%
NRG	A	0.15%

RAYD Underweight 89 Positions Relative to QLV

Symbol	Grade	Weight
MCD	B	-1.97%
PEP	D	-1.69%
LMT	B	-1.17%
XOM	D	-1.13%
GILD	B	-0.98%
TMUS	C	-0.96%
DUK	B	-0.95%
ABT	C	-0.95%
CME	C	-0.92%
PSA	B	-0.91%
ED	C	-0.87%
TXN	C	-0.87%
GIS	B	-0.86%
WEC	B	-0.84%
WTW	C	-0.83%
AMGN	B	-0.82%
ATR	B	-0.8%
TYL	C	-0.8%
K	A	-0.79%
CHE	C	-0.78%
RGLD	B	-0.77%
DOX	C	-0.77%
AIZ	B	-0.77%
CB	B	-0.76%
WDFC	C	-0.76%
QGEN	C	-0.75%
QLYS	F	-0.74%
LSTR	F	-0.74%
AVY	D	-0.72%
SO	A	-0.72%
REGN	C	-0.71%
STNG	F	-0.71%
WM	D	-0.66%
NOC	A	-0.65%
TRV	B	-0.64%
GD	B	-0.64%
SMMT	C	-0.62%
AEP	C	-0.59%
XEL	B	-0.59%
EQIX	B	-0.59%
WCN	D	-0.59%
BRK.A	C	-0.59%
AZO	D	-0.58%
RSG	D	-0.58%
ZM	C	-0.58%
CTVA	B	-0.57%
CINF	C	-0.56%
DLR	B	-0.56%
WRB	C	-0.55%
AEE	A	-0.55%
CMS	B	-0.55%
ADC	C	-0.54%
HSY	D	-0.54%
JKHY	C	-0.54%
SON	D	-0.54%
PKG	B	-0.54%
PNW	B	-0.53%
TTEK	C	-0.53%
BAH	B	-0.51%
SIGI	D	-0.51%
HII	D	-0.51%
SCI	C	-0.51%
FLO	C	-0.51%
MKL	C	-0.5%
TSCO	C	-0.5%
CTRA	D	-0.49%
CALM	A	-0.48%
BMRN	F	-0.48%
CHRW	A	-0.46%
HRL	D	-0.44%
NFG	B	-0.37%
CRUS	D	-0.36%
AVGO	C	-0.34%
SLGN	B	-0.32%
DDS	D	-0.25%
BMI	B	-0.25%
SQSP	A	-0.24%
EA	D	-0.21%
JPM	D	-0.2%
ALKS	C	-0.19%
LIN	B	-0.19%
CAG	C	-0.16%
ADI	C	-0.16%
ROP	C	-0.14%
L	D	-0.11%
NCNO	D	-0.1%
UNH	C	-0.07%
CWAN	B	-0.07%
EXPD	C	-0.03%