SPMO vs. RAYD ETF Comparison

Comparison of PowerShares S&P 500 Momentum Portfolio (SPMO) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.58

Average Daily Volume

717,934

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

$32.43

Average Daily Volume

4,090

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	SPMO	RAYD
30 Days	2.84%	4.23%
60 Days	5.10%	5.09%
90 Days	6.74%	6.59%
12 Months	54.82%	37.58%

26 Overlapping Holdings

Symbol	Grade	Weight in SPMO	Weight in RAYD	Overlap
ALL	A	0.46%	0.82%	0.46%
AMZN	C	9.74%	3.47%	3.47%
CL	D	0.62%	0.95%	0.62%
CMG	B	0.47%	0.36%	0.36%
COR	B	0.26%	0.56%	0.26%
COST	B	3.79%	2.39%	2.39%
DECK	A	0.17%	0.43%	0.17%
FICO	B	0.57%	0.47%	0.47%
GDDY	A	0.31%	0.29%	0.29%
GRMN	B	0.29%	0.35%	0.29%
GS	A	1.47%	0.33%	0.33%
HIG	B	0.38%	0.28%	0.28%
LDOS	C	0.21%	0.21%	0.21%
LLY	F	5.19%	1.51%	1.51%
MCK	B	0.81%	1.25%	0.81%
META	D	6.24%	1.48%	1.48%
MSI	B	0.67%	0.79%	0.67%
NRG	B	0.23%	0.16%	0.16%
NTAP	C	0.19%	0.21%	0.19%
NVDA	C	10.2%	5.62%	5.62%
PGR	A	1.61%	1.11%	1.11%
STX	D	0.15%	0.18%	0.15%
T	A	1.15%	1.15%	1.15%
TMUS	B	0.99%	0.34%	0.34%
TRGP	B	0.47%	0.6%	0.47%
UHS	D	0.09%	0.16%	0.09%

SPMO Overweight 72 Positions Relative to RAYD

Symbol	Grade	Weight
BRK.A	B	6.07%
AVGO	D	5.46%
JPM	A	5.38%
WMT	A	2.39%
GE	D	2.09%
AXP	A	1.39%
IBM	C	1.27%
KKR	A	1.23%
AMGN	D	1.04%
RTX	C	1.01%
TJX	A	0.99%
BSX	B	0.98%
ETN	A	0.96%
ANET	C	0.92%
C	A	0.89%
TT	A	0.85%
CB	C	0.84%
FI	A	0.78%
VRTX	F	0.77%
CTAS	B	0.72%
REGN	F	0.72%
ICE	C	0.65%
APH	A	0.65%
VST	B	0.59%
CEG	D	0.58%
WELL	A	0.57%
TDG	D	0.56%
GD	F	0.55%
BK	A	0.54%
KLAC	D	0.53%
PH	A	0.52%
WMB	A	0.45%
AJG	B	0.44%
WM	A	0.44%
HWM	A	0.44%
HLT	A	0.43%
AFL	B	0.38%
OKE	A	0.38%
IRM	D	0.37%
URI	B	0.36%
IR	B	0.34%
PRU	A	0.33%
RSG	A	0.33%
AIG	B	0.33%
ECL	D	0.33%
GWW	B	0.32%
KMI	A	0.32%
AXON	A	0.3%
PSX	C	0.3%
RCL	A	0.28%
MPC	D	0.27%
PEG	A	0.27%
IT	C	0.24%
FANG	D	0.22%
WAB	B	0.22%
VLTO	D	0.21%
BRO	B	0.21%
NDAQ	A	0.21%
FITB	A	0.2%
WTW	B	0.2%
MLM	B	0.19%
PHM	D	0.18%
SYF	B	0.17%
TYL	B	0.16%
NVR	D	0.15%
BR	A	0.15%
PKG	A	0.14%
CBOE	B	0.13%
WRB	A	0.12%
L	A	0.11%
NWSA	B	0.07%
NWS	B	0.02%

SPMO Underweight 85 Positions Relative to RAYD

Symbol	Grade	Weight
AAPL	C	-5.42%
MSFT	F	-4.67%
GOOGL	C	-2.82%
SPOT	B	-2.2%
BKNG	A	-1.88%
BRBR	A	-1.62%
MELI	D	-1.39%
MO	A	-1.32%
SFM	A	-1.19%
MMM	D	-1.18%
COKE	C	-0.99%
HCA	F	-0.98%
MUSA	A	-0.92%
CVLT	B	-0.87%
ADP	B	-0.86%
THC	D	-0.8%
PM	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	A	-0.62%
FTNT	C	-0.58%
HRB	D	-0.56%
CRWD	B	-0.55%
PG	A	-0.54%
DFS	B	-0.51%
MRK	F	-0.51%
TEAM	A	-0.49%
ANF	C	-0.48%
MTG	C	-0.48%
V	A	-0.48%
LMT	D	-0.45%
WING	D	-0.45%
PANW	C	-0.45%
ABBV	D	-0.42%
JNJ	D	-0.39%
GOOG	C	-0.39%
RBLX	C	-0.38%
ALNY	D	-0.36%
GM	B	-0.35%
WFRD	D	-0.35%
ORI	A	-0.35%
GRAB	B	-0.34%
ZM	B	-0.34%
CAH	B	-0.33%
TXRH	C	-0.33%
INTC	D	-0.33%
NOW	A	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
CNA	B	-0.29%
SMAR	A	-0.29%
MCO	B	-0.29%
AZO	C	-0.29%
LPLA	A	-0.28%
VRSN	F	-0.26%
DOCU	A	-0.26%
CHKP	D	-0.25%
HSBH	B	-0.24%
HLI	B	-0.23%
LPX	B	-0.23%
TSN	B	-0.23%
DIS	B	-0.22%
XRX	F	-0.22%
RMD	C	-0.21%
UBER	D	-0.21%
HPQ	B	-0.2%
MANH	D	-0.2%
FTI	A	-0.2%
UTHR	C	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
UNH	C	-0.19%
LULU	C	-0.18%
VZ	C	-0.18%
DXCM	D	-0.18%
WWD	B	-0.17%
MNDY	C	-0.16%
AER	B	-0.16%
CYBR	B	-0.16%
RPRX	D	-0.16%
ERIE	D	-0.16%