RAYE vs. DEM ETF Comparison

Comparison of The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF (RAYE) to WisdomTree Emerging Markets High-Yielding Fund (DEM)

RAYE

The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF

RAYE Description

The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is an exchange traded fund launched by The Advisors Inner Circle Fund III. The fund is managed by Rayliant Investment Research. It invests in public equity markets of global emerging 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 fundamental and quantitative analysis to create its portfolio. The fund employs proprietary and external research to create its portfolio. The Advisors' Inner Circle Fund III - Rayliant Quantamental Emerging Market Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.23

Average Daily Volume

5,535

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DEM

WisdomTree Emerging Markets High-Yielding Fund

DEM Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Equity Income Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of the highest dividend yielding stocks selected from the WisdomTree Emerging Markets Dividend Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.39

Average Daily Volume

278,221

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAYE	DEM
30 Days	-3.02%	-3.61%
60 Days	-4.60%	-3.11%
90 Days	-4.99%	-4.49%
12 Months	18.59%	11.75%

5 Overlapping Holdings

Symbol	Grade	Weight in RAYE	Weight in DEM	Overlap
CAR	C	0.64%	0.2%	0.2%
KB	B	0.24%	0.55%	0.24%
KT	A	0.24%	0.25%	0.24%
SHG	D	0.21%	0.27%	0.21%
SKM	D	0.41%	0.44%	0.41%

RAYE Overweight 6 Positions Relative to DEM

Symbol	Grade	Weight
IBN	C	1.15%
SBLK	F	0.9%
HDB	C	0.54%
KEP	B	0.48%
BRFS	D	0.43%
MELI	D	0.2%

RAYE Underweight 5 Positions Relative to DEM

Symbol	Grade	Weight
VALE	F	-3.62%
UMC	F	-0.94%
ABEV	F	-0.56%
BCH	F	-0.17%
IMOS	F	-0.1%