TWIO vs. RAYE ETF Comparison

Comparison of Trajan Wealth Income Opportunities ETF (TWIO) to The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF (RAYE)

TWIO

Trajan Wealth Income Opportunities ETF

TWIO Description

Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is an exchange traded fund launched and managed by OBP Capital, LLC. The fund is co-managed by Trajan Wealth, LLC. It invests in the public equity and fixed income markets of the United States. For it equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies operating across diversified market capitalization. For its fixed income, the fund primarily invests in preferred securities and income producing fixed income securities with varying maturities. The fund employs fundamental analysis with bottom-up and top-down securities picking approach to create its portfolio. Spinnaker ETF Series - Trajan Wealth Income Opportunities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$9.35

Average Daily Volume

9,535

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$25.90

Average Daily Volume

7,154

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TWIO	RAYE
30 Days	0.77%	0.30%
60 Days	3.03%	8.29%
90 Days	4.82%	-0.85%
12 Months	16.95%	26.74%

1 Overlapping Holdings

	Symbol	Grade	Weight in TWIO	Weight in RAYE	Overlap
	SBLK	C	2.3%	0.99%	0.99%

TWIO Overweight 18 Positions Relative to RAYE

Symbol	Grade	Weight
IBM	A	2.92%
VZ	C	2.46%
C	B	2.38%
OGE	C	2.36%
BKH	C	2.12%
K	B	2.1%
BX	C	2.03%
SON	D	1.96%
PSA	C	1.92%
ABBV	C	1.92%
WMB	A	1.92%
AIG	C	1.84%
CMSC	B	1.77%
BG	F	1.75%
XOM	A	1.75%
FSK	A	1.7%
VLO	F	1.5%
KO	C	0.78%

TWIO Underweight 10 Positions Relative to RAYE

Symbol	Grade	Weight
IBN	C	-1.13%
KEP	F	-0.7%
HDB	D	-0.52%
CAR	D	-0.43%
SKM	C	-0.42%
MMYT	B	-0.23%
KT	C	-0.23%
BRFS	D	-0.21%
SHG	D	-0.21%
KB	D	-0.2%