USMF vs. RAYD ETF Comparison

Comparison of WisdomTree U.S. Multifactor Fund (USMF) to The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF (RAYD)

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets 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 generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.80

Average Daily Volume

25,121

Number of Holdings ^*

199

* 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

$32.31

Average Daily Volume

6,219

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	USMF	RAYD
30 Days	4.81%	2.60%
60 Days	7.23%	5.11%
90 Days	7.53%	6.20%
12 Months	30.89%	37.07%

47 Overlapping Holdings

Symbol	Grade	Weight in USMF	Weight in RAYD	Overlap
ABBV	F	0.37%	0.42%	0.37%
ADP	A	0.41%	0.86%	0.41%
ALL	A	0.36%	0.82%	0.36%
ANF	F	0.39%	0.48%	0.39%
APP	B	1.61%	0.74%	0.74%
AZO	C	0.73%	0.29%	0.29%
CAH	B	0.44%	0.33%	0.33%
CL	D	0.29%	0.95%	0.29%
CNA	C	0.35%	0.29%	0.29%
COR	B	0.49%	0.56%	0.49%
CVLT	B	1.01%	0.87%	0.87%
DIS	B	0.82%	0.22%	0.22%
DOCU	B	1.02%	0.26%	0.26%
EXEL	B	0.43%	0.63%	0.43%
FICO	B	1.08%	0.47%	0.47%
FTNT	C	0.88%	0.58%	0.58%
GDDY	A	1.49%	0.29%	0.29%
GM	C	0.63%	0.35%	0.35%
HCA	F	0.31%	0.98%	0.31%
HIG	B	0.39%	0.28%	0.28%
HPQ	B	0.93%	0.2%	0.2%
HRB	D	0.6%	0.56%	0.56%
JNJ	C	0.42%	0.39%	0.39%
LDOS	C	0.52%	0.21%	0.21%
LMT	D	0.4%	0.45%	0.4%
LPX	B	0.29%	0.23%	0.23%
MCK	A	0.46%	1.25%	0.46%
MMM	D	0.21%	1.18%	0.21%
MO	A	0.34%	1.32%	0.34%
MRK	D	0.34%	0.51%	0.34%
MSI	B	1.52%	0.79%	0.79%
MTG	C	0.29%	0.48%	0.29%
MUSA	B	0.74%	0.92%	0.74%
NTAP	C	0.79%	0.21%	0.21%
ORI	A	0.35%	0.35%	0.35%
PG	C	0.32%	0.54%	0.32%
PGR	A	0.35%	1.11%	0.35%
SFM	A	0.29%	1.19%	0.29%
T	A	1.05%	1.15%	1.05%
THC	D	0.28%	0.8%	0.28%
TMUS	B	1.29%	0.34%	0.34%
TXRH	B	0.81%	0.33%	0.33%
UHS	D	0.31%	0.16%	0.16%
UTHR	C	0.41%	0.2%	0.2%
VRSN	C	1.43%	0.26%	0.26%
VZ	C	0.87%	0.18%	0.18%
ZM	C	1.07%	0.34%	0.34%

USMF Overweight 152 Positions Relative to RAYD

Symbol	Grade	Weight
CTSH	B	1.38%
ROP	B	1.35%
TDY	B	1.34%
IBM	C	1.32%
FFIV	B	1.31%
SNX	D	1.17%
TYL	B	1.12%
EA	A	1.11%
FOXA	A	1.09%
GEN	B	1.03%
DBX	B	1.02%
JNPR	D	1.0%
CRM	B	0.99%
AKAM	D	0.96%
CMCSA	B	0.93%
DT	D	0.92%
NYT	D	0.88%
TJX	A	0.85%
ORLY	B	0.82%
WDAY	B	0.81%
DRI	B	0.79%
EPAM	B	0.76%
IPG	D	0.75%
LVS	B	0.7%
ARMK	B	0.69%
EBAY	D	0.68%
INFA	D	0.66%
NTNX	B	0.64%
EXPE	B	0.53%
CRUS	D	0.5%
FSLR	F	0.48%
ECL	D	0.45%
EHC	B	0.44%
CACI	D	0.43%
AMP	A	0.43%
XOM	B	0.43%
GILD	C	0.43%
HOLX	D	0.42%
EOG	A	0.42%
WM	B	0.42%
BSX	A	0.42%
FI	A	0.42%
DGX	A	0.41%
ETR	B	0.4%
INGR	C	0.4%
RSG	A	0.4%
ABT	B	0.4%
IBKR	A	0.4%
RJF	A	0.4%
COP	C	0.4%
ADTN	A	0.4%
BR	A	0.39%
JPM	A	0.39%
L	A	0.39%
DOV	A	0.39%
WFC	A	0.39%
GPK	C	0.38%
LH	B	0.38%
VRSK	A	0.38%
UNM	A	0.38%
ZBH	C	0.38%
CME	B	0.37%
BRK.A	B	0.37%
PPC	C	0.37%
PCAR	B	0.37%
ALSN	B	0.37%
CCK	D	0.37%
CHE	D	0.37%
TRV	B	0.37%
BRO	B	0.36%
AIZ	A	0.36%
LHX	C	0.36%
ACI	C	0.36%
SSNC	B	0.36%
CINF	A	0.36%
BMY	B	0.36%
RLI	A	0.36%
MRO	B	0.35%
AFL	B	0.35%
PRI	B	0.35%
WMT	A	0.35%
GAP	C	0.35%
VOYA	B	0.35%
J	D	0.34%
RGA	A	0.34%
AIG	B	0.34%
AXP	A	0.34%
OGE	A	0.34%
BERY	C	0.34%
EME	A	0.34%
KR	B	0.34%
MSA	F	0.34%
MLI	B	0.34%
WRB	A	0.33%
CBOE	C	0.33%
NTRS	A	0.33%
MKL	A	0.33%
HAL	C	0.33%
SYF	B	0.32%
MTB	A	0.32%
EWBC	A	0.32%
VTRS	A	0.32%
TAP	C	0.32%
VLO	C	0.32%
ELS	C	0.32%
GLPI	C	0.32%
PCG	A	0.31%
SYY	D	0.31%
DE	B	0.31%
NNN	C	0.31%
KMB	C	0.31%
DVN	F	0.31%
VICI	C	0.31%
TMO	F	0.31%
BAH	F	0.31%
CBSH	B	0.31%
ELV	F	0.3%
SAIC	F	0.3%
FRT	B	0.3%
POST	C	0.3%
REYN	D	0.3%
PNW	A	0.3%
DUK	C	0.3%
RYAN	A	0.29%
MPC	D	0.29%
CRS	B	0.29%
FCNCA	A	0.28%
CI	D	0.28%
MAS	D	0.28%
REGN	F	0.28%
EIX	B	0.28%
AEP	C	0.27%
GIS	D	0.27%
WPC	C	0.27%
DVA	C	0.27%
CAG	F	0.26%
FDX	B	0.26%
KHC	F	0.26%
NBIX	C	0.25%
CNC	D	0.25%
DINO	D	0.25%
FCN	F	0.24%
PYPL	B	0.23%
HALO	F	0.23%
PAYC	B	0.23%
HII	F	0.23%
AMT	C	0.22%
APA	D	0.22%
BMRN	F	0.2%
FMC	D	0.18%
GL	C	0.14%
LNTH	D	0.13%

USMF Underweight 64 Positions Relative to RAYD

Symbol	Grade	Weight
NVDA	B	-5.62%
AAPL	C	-5.42%
MSFT	D	-4.67%
AMZN	C	-3.47%
GOOGL	C	-2.82%
COST	A	-2.39%
SPOT	B	-2.2%
BKNG	A	-1.88%
BRBR	A	-1.62%
LLY	F	-1.51%
META	D	-1.48%
MELI	C	-1.39%
COKE	C	-0.99%
PM	B	-0.79%
EVR	B	-0.72%
MORN	B	-0.68%
MU	D	-0.66%
NFLX	A	-0.64%
DASH	B	-0.62%
TRGP	A	-0.6%
CRWD	B	-0.55%
DFS	B	-0.51%
TEAM	A	-0.49%
V	A	-0.48%
WING	D	-0.45%
PANW	B	-0.45%
DECK	A	-0.43%
GOOG	C	-0.39%
RBLX	C	-0.38%
ALNY	D	-0.36%
CMG	B	-0.36%
WFRD	D	-0.35%
GRMN	B	-0.35%
GRAB	A	-0.34%
GS	A	-0.33%
INTC	C	-0.33%
NOW	A	-0.32%
GWRE	A	-0.31%
VEEV	C	-0.3%
SMAR	B	-0.29%
MCO	B	-0.29%
LPLA	A	-0.28%
CHKP	C	-0.25%
HSBH	B	-0.24%
HLI	A	-0.23%
TSN	B	-0.23%
XRX	F	-0.22%
RMD	C	-0.21%
UBER	F	-0.21%
MANH	D	-0.2%
FTI	A	-0.2%
LOGI	D	-0.19%
RGLD	C	-0.19%
UNH	B	-0.19%
LULU	C	-0.18%
DXCM	C	-0.18%
STX	C	-0.18%
WWD	C	-0.17%
MNDY	C	-0.16%
AER	A	-0.16%
NRG	B	-0.16%
CYBR	A	-0.16%
RPRX	D	-0.16%
ERIE	D	-0.16%