The Advisors’ Inner Circle Fund III (RAYJ)

Overview

The Advisors' Inner Circle Fund III is an actively managed, multi-strategy ETF that aims to provide capital appreciation. It invests across various asset classes, including equities, fixed income, and alternative investments, seeking to generate returns through a diversified approach that is not tied to a specific index.

Reputation and Reliability

AdvisorShares is known for its actively managed ETFs, often partnering with specialized sub-advisors to bring unique investment strategies to the ETF wrapper. While a smaller issuer compared to giants like Vanguard or BlackRock, AdvisorShares has a track record of launching and managing a range of thematic and active ETFs.

Management Expertise

The management of The Advisors' Inner Circle Fund III is delegated to various sub-advisors, each bringing specialized expertise in their respective investment strategies. This multi-manager approach is a hallmark of AdvisorShares, aiming to leverage diverse skill sets.

Goal

The primary investment goal is to achieve long-term capital appreciation.

Investment Approach and Strategy

Strategy: This ETF does not aim to track a specific index. Instead, it is actively managed and utilizes a multi-strategy approach, meaning it can invest in a broad range of asset classes and employ various tactics to achieve its objective.

Composition The fund's composition is dynamic and can include equities (domestic and international), fixed income securities (bonds), and potentially alternative investments. The specific allocation can vary significantly based on market conditions and the sub-advisors' strategies.

Market Share: Specific market share data for The Advisors' Inner Circle Fund III within its broad category of actively managed, multi-strategy ETFs is not readily available in a standardized format. As an actively managed fund, it competes with a vast universe of other active ETFs and mutual funds.

Total Net Assets (AUM): 68700000

Key Competitors

• PIMCO Dynamic Income ETF (PFNX)
• SPDR Portfolio S&P 500 ETF (SPY)
• iShares Core S&P 500 ETF (IVV)

Competitive Landscape

The landscape for actively managed, multi-strategy ETFs is highly competitive, with numerous funds offering diverse approaches. The Advisors' Inner Circle Fund III competes not only with other ETFs from issuers like PIMCO and iShares but also with a vast array of actively managed mutual funds. Its advantages may lie in its multi-manager structure, potentially offering broader diversification and access to specialized strategies. However, a disadvantage can be the complexity of tracking performance across various sub-advisors and the potentially higher expense ratios associated with active management compared to passive index funds.

Historical Performance: Historical performance data for The Advisors' Inner Circle Fund III shows variability across different timeframes. For instance, over the past year, it may have experienced moderate gains, while over three or five years, its performance might be more subdued or even negative, reflecting the inherent risks and volatility of active management and multi-strategy approaches.

Benchmark Comparison: As an actively managed fund without a specific index to track, a direct benchmark comparison is challenging. Performance is typically assessed against its stated investment objective of capital appreciation and peer group active ETF returns, rather than a specific index like the S&P 500. Its ability to outperform its peers and achieve its growth objective is the key performance metric.

Expense Ratio: 0.94

Average Trading Volume

The average trading volume for The Advisors' Inner Circle Fund III is relatively low, suggesting that it might be less liquid than larger, more established ETFs.

Bid-Ask Spread

The bid-ask spread for The Advisors' Inner Circle Fund III can be wider than that of highly liquid ETFs, potentially increasing trading costs for investors.

Market Environment Factors

The Advisors' Inner Circle Fund III is influenced by broad economic indicators such as interest rate policies, inflation trends, and overall market sentiment. Sector-specific growth prospects, particularly within the equity and fixed-income markets where it invests, are crucial. Current market conditions, such as volatility and risk appetite, will also significantly affect its performance.

Growth Trajectory

The growth trajectory of The Advisors' Inner Circle Fund III is contingent on the success of its various sub-advisors in identifying and capitalizing on market opportunities. Changes to its strategy and holdings are expected as the fund adapts to evolving market conditions and the sub-advisors adjust their approaches to achieve the stated investment objective.

Competitive Edge

The primary competitive edge of The Advisors' Inner Circle Fund III lies in its multi-manager, multi-strategy approach, allowing it to dynamically allocate capital across a diverse range of asset classes and investment styles. This flexibility can enable it to adapt to various market conditions and potentially capitalize on opportunities that a single-strategy or index-tracking ETF might miss. The active management by specialized sub-advisors aims to provide alpha generation beyond passive benchmarks. This diversified active approach can be an advantage for investors seeking broad exposure to different investment philosophies within a single ETF wrapper.

Volatility

The Advisors' Inner Circle Fund III exhibits moderate to high historical volatility, which is characteristic of actively managed, multi-strategy ETFs that can adjust their asset allocations significantly.

Market Risk

The fund is exposed to market risk through its investments in equities and fixed income. Equity market risk includes factors like economic downturns, geopolitical events, and industry-specific challenges. Fixed income risk includes interest rate fluctuations, credit quality changes, and inflation, all of which can impact bond values and the fund's overall performance.

Ideal Investor Profile

The ideal investor for The Advisors' Inner Circle Fund III is someone seeking a diversified, actively managed portfolio that aims for long-term capital appreciation and is comfortable with the potential for higher volatility and expense ratios associated with active management.

Market Risk

This ETF is likely best suited for investors with a longer-term investment horizon who are looking for an actively managed solution to complement their portfolio. It may appeal to those who trust in the expertise of multiple sub-advisors and are looking for a fund that can dynamically shift its strategy.

The Advisors' Inner Circle Fund III is an actively managed, multi-strategy ETF focused on long-term capital appreciation. Its strength lies in its diversified approach, leveraging multiple sub-advisors to invest across various asset classes. However, investors should be aware of its moderate to high volatility and relatively higher expense ratio compared to passive ETFs. It is best suited for long-term investors seeking active management and diversification beyond traditional index-tracking.

Data Sources:

• AdvisorShares official website
• Financial data aggregators (e.g., Morningstar, ETF.com)

Disclaimers:

This JSON output is generated based on available public information and may not be exhaustive. ETF performance and holdings are subject to change. Investing in ETFs involves risks, including the possible loss of principal. Past performance is not indicative of future results. Consult with a financial advisor before making investment decisions.