RNDV vs. RAYD ETF Comparison

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

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$34.19

Average Daily Volume

2,473

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	RNDV	RAYD
30 Days	2.08%	4.53%
60 Days	10.06%	11.75%
90 Days	9.54%	3.14%
12 Months	28.64%	35.91%

14 Overlapping Holdings

Symbol	Grade	Weight in RNDV	Weight in RAYD	Overlap
ABBV	C	1.24%	0.49%	0.49%
ADP	A	0.51%	0.51%	0.51%
GRMN	D	0.66%	0.3%	0.3%
HPQ	B	3.63%	0.21%	0.21%
IBM	A	4.52%	0.58%	0.58%
JNJ	D	1.1%	0.43%	0.43%
LMT	A	0.59%	0.19%	0.19%
MRK	F	0.7%	0.61%	0.61%
MSFT	D	0.8%	4.92%	0.8%
PM	D	0.91%	0.52%	0.52%
PRU	B	1.19%	0.44%	0.44%
TSN	D	0.56%	0.23%	0.23%
UNH	B	0.53%	0.19%	0.19%
VZ	C	3.66%	0.21%	0.21%

RNDV Overweight 82 Positions Relative to RAYD

Symbol	Grade	Weight
GLW	C	3.66%
TXN	C	3.46%
HPE	B	3.05%
IPG	D	2.43%
ACN	B	2.22%
MCHP	F	2.22%
HAS	A	2.06%
BMY	A	2.04%
ADI	B	2.01%
TEL	D	1.99%
QCOM	D	1.97%
BBY	C	1.8%
OMC	C	1.78%
CMCSA	B	1.72%
CVS	D	1.43%
BEN	F	1.37%
MDT	C	1.25%
TROW	D	1.13%
MCD	A	1.11%
GPC	D	1.07%
HD	A	1.05%
NTRS	B	1.02%
PFG	A	1.02%
MTB	A	1.0%
SWK	C	0.99%
OKE	A	0.98%
UPS	D	0.96%
MET	A	0.93%
KVUE	C	0.92%
K	B	0.9%
KLAC	B	0.89%
NKE	D	0.88%
CAG	D	0.88%
LOW	C	0.85%
CINF	A	0.84%
APH	D	0.82%
BLK	A	0.81%
DGX	D	0.74%
CAH	B	0.73%
AFL	A	0.72%
CVX	B	0.71%
CME	A	0.71%
PAYX	B	0.7%
ABT	C	0.7%
GIS	C	0.7%
AMCR	C	0.65%
TRV	B	0.64%
CHRW	C	0.64%
POOL	D	0.63%
HRL	F	0.61%
SNA	C	0.6%
XOM	A	0.6%
KMB	D	0.59%
EG	A	0.58%
CMI	A	0.55%
CI	D	0.54%
NSC	C	0.54%
O	C	0.53%
EOG	B	0.52%
FAST	C	0.52%
CTRA	D	0.52%
FMC	C	0.52%
BDX	C	0.51%
LEN	C	0.51%
ITW	C	0.5%
UNP	F	0.46%
EMN	C	0.44%
ES	D	0.41%
EVRG	C	0.41%
LHX	A	0.39%
PNW	C	0.38%
ETR	A	0.38%
EIX	C	0.38%
MAA	D	0.37%
FRT	D	0.37%
CF	A	0.36%
APD	C	0.35%
EMR	B	0.35%
AEP	C	0.33%
AVB	C	0.3%
ESS	D	0.3%
DLR	C	0.28%

RNDV Underweight 94 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	B	-5.74%
AAPL	C	-5.36%
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%
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%
MU	D	-0.76%
MORN	B	-0.65%
EVR	C	-0.64%
PG	D	-0.59%
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%
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%
TMUS	A	-0.29%
VEEV	C	-0.28%
GS	B	-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%
NTAP	D	-0.23%
DASH	A	-0.23%
STX	C	-0.22%
DOCU	A	-0.22%
LOGI	D	-0.22%
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%
HLI	A	-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%