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Last updated 06.14.2024

Rayliant Quantamental China Equity ETF

Last updated 06.14.2024

The Rayliant Quantamental China Equity ETF is an active portfolio employing a systematic approach to harvesting behavioral alpha by exploiting mispricings among Chinese stocks traded in markets around the world.

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Performance

(as of 05/31/2024)

Monthly Quarterly

1-MO 3-MO 1Y 3Y 5Y YTD Since Inception (12.30.2020)
NAV (%) -1.84% 4.04% -6.22% -18.77% N/A 8.26% -40.38%
Market Price (%) -1.56% 4.52% -6.72% -19.10% N/A 8.36% -40.50%

Performance Disclosure

The performance quoted represents past performance and does not guarantee future results. Performance for periods greater than 1 year is annualized. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost.

Current performance may be lower or higher than the performance quoted.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns shown do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time.

Key Facts

Inception Date 12.30.2020
Ticker RAYC
Primary Exchange NYSE
Net Expense Ratio* 0.80%
CUSIP 00774Q197
Premium/Discount 0.00%
30-Day Median Bid/Ask Spread ¹  0.2863%
Gross Expense Ratio* 1.04%

¹ 30-Day Median Bid/Ask Spread: The spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO.

The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

* A full explanation of expenses and fees are stated in the prospectus. Fee waivers are contractual and in effect until 1/31/2025.

Investment Objective

The Rayliant Quantamental China Equity ETF (the “Fund”) seeks long-term capital appreciation.

Historical Premium
/ Discount Data

Number
of Days At:
2023 Q1 2024 Q2 2024
Premium 91 5 7
NAV 13 0 0
Discount 146 56 47

Chart Description

The Premium/Discount History chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV).
The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

Top 10 Holdings

(as of 06.14.2024) Holdings are subject to change.

Ticker Company Name % of Net Assets SEDOL Quantity
Cash 0.25 % 88533.81
CHINESE YUAN RENMINBI 0.18 % CNY 469218.53
002555 37 INTERACTIV-A 0.32 % BD5CMH2 59000.00
688012 ADVANCED MICRO-A 0.63 % BK71F66 11507.00
601288 AGRICULTURAL-A 0.3 % BP3R228 183800.00
300015 AIER EYE HSPTL-A 0.28 % BD5CLQ4 62700.00
601600 ALUMINUM CORP-A 0.92 % BP3R4D3 304500.00
000596 ANHUI GUJINGD-A 0.44 % BD5M1G4 4800.00
300866 ANKER INNOVATI-A 0.45 % BNR4MR6 16020.00
688208 AUTEL INTELLIG-A 0.34 % BNR4NW8 35800.00
601169 BANK OF BEIJING CO LTD -A 0.39 % BP3R2W8 178400.00
601577 BANK OF CHANGSHA CO LTD-A 0.46 % BK94875 144200.00
601838 BANK OF CHENGDU CO LTD-A 0.28 % BFYQHF2 46300.00
601328 BANK OF COMMUN-A 0.57 % BP3R2G2 216000.00
600926 BANK OF HANGZHOU CO LTD-A 0.66 % BYW5MZ9 128000.00
600919 BANK OF JIANGSU CO LTD-A 1.35 % BYW5MY8 467630.00
002142 BANK OF NINGBO CO LTD -A 0.37 % BD5CP06 41500.00
688111 BEIJING KINGSO-A 0.17 % BNR4NQ2 1600.00
000786 BEIJING NEW BU-A 1.34 % BD5CJ26 107600.00
002271 BEIJING ORIENTAL YUHONG-A 0.28 % BD5CFP1 51800.00
688169 BEIJING ROBORO-A 0.91 % BNR4NT5 5800.00
601126 BEIJING SIFANG-A 0.45 % BP3RFT6 60400.00
000725 BOE TECHNOLOGY-A 0.26 % BD5CPL7 162900.00
002594 BYD CO LTD -A 2.27 % BD5CQ69 23000.00
601799 CHANGZHOU XING-A 0.18 % BS7K3D2 3800.00
002697 CHENGDU HONGQI-A 0.15 % BD5LXK9 78000.00
601939 CHINA CONSTRUCTION BANK-A 0.2 % BP3R3L4 72900.00
001979 CHINA MERCHANT-A 0.5 % BD5CPM8 127407.00
600999 CHINA MERCHANT-A 0.38 % BP3R303 69500.00
600036 CHINA MERCHANTS BANK-A 2.2 % BP3R273 166797.00
600016 CHINA MINSHENG BANKING-A 0.41 % BP3R2C8 281315.00
601601 CHINA PACIFIC-A 1.64 % BP3R2K6 146915.00
600028 CHINA PETROLEU-A 1.01 % BP3R240 419800.00
000999 CHINA RESOURCE-A 0.18 % BD5CL42 10270.00
601088 CHINA SHENHUA ENERGY CO-A 0.2 % BP3R262 11800.00
601668 CHINA STATE -A 1.88 % BP3R2Q2 864600.00
601888 CHINA TOURISM-A 0.42 % BP3R466 15700.00
600900 CHINA YANGTZE-A 1.42 % BP3R2M8 130000.00
601916 CHINA ZHESHANG-A 0.51 % BK96BF0 458300.00
600132 CHONGQING BREWERY CO-A 0.2 % BP3RCZ1 7400.00
600030 CITIC SECURITIES CO-A 0.22 % BP3R2J5 30900.00
603993 CMOC GROUP LTD-A 0.94 % BP3R574 292300.00
600737 COFCO SUGAR HO-A 0.49 % BYYFJG7 125100.00
300750 CONTEMPORARY A-A 3 % BHQPSY7 41584.00
601919 COSCO SHIPPING-A 0.72 % BP3R552 120900.00
002043 DEHUA TB NEW DECORATION-A 0.37 % BD57ZN4 83400.00
000423 DONG-E-E-JIAOCO LTD-A 0.34 % BD5CM61 13200.00
600875 DONGFANG ELECT-A 0.2 % BP3R604 28100.00
002993 DONGGUAN AOHAI-A 0.2 % BNR4MB0 14400.00
605499 EASTROC BEVERA-A 1.15 % BP91NL0 13400.00
300679 ELECTRIC CONNE-A 0.2 % BFY8H69 12500.00
688018 ESPRESSIF SYSTEM 0.44 % BK71FB1 14360.00
601865 FLAT GLASS GROUP CO LTD-A 0.2 % BJLMPM4 21900.00
002027 FOCUS MEDIA IN-A 0.37 % BD5CND5 157072.00
601138 FOXCONN INDUST-A 1.83 % BG20N99 172600.00
600660 FUYAO GLASS-A 0.72 % BP3R6K4 39500.00
600795 GD POWER DEVEL-A 0.35 % BP3R3J2 152000.00
603986 GIGADEVICE SEM-A 0.35 % BHWLWF8 9900.00
603195 GONEO GROUP CO LTD-A 0.15 % BL58M87 4640.00
000651 GREE ELECTRIC-A 1.36 % BD5CPN9 85300.00
002311 GUANGDONG HAID GROUP CO-A 0.55 % BD5CJ60 28300.00
002668 GUANGDONG TCL SMART HOME 0.39 % BD57ZZ6 102100.00
002705 GUANGDONG XINB-A 0.24 % BHRV3N8 39500.00
603368 GUANGXI LIUZHO-A 0.18 % BZ0D230 24800.00
601211 GUOTAI JUNAN S-A 0.46 % BYQDMZ9 81000.00
600690 HAIER SMART HOME CO LTD-A 0.9 % BP3R3G9 75000.00
601969 HAINAN MINING CO LTD-A 0.26 % BZ0D1Z5 99000.00
600285 HENAN LINGRUI-A 0.33 % BP3RKY6 33700.00
600312 HENAN PINGGAO-A 0.93 % BP3R734 141500.00
600346 HENGLI PETROC-A 0.41 % BFB4HL5 74700.00
603556 HEXING ELECTRI-A 0.21 % BYW5QY6 11200.00
000921 HISENSE H.A-A 0.98 % BD5M2M7 65700.00
600027 HUADIAN POWER INTL CORP-A 0.2 % BP3R637 71400.00
002007 HUALAN BIOLOGI-A 0.17 % BD5CL19 24800.00
300979 HUALI INDUSTRI-A 0.3 % BP91MX5 11500.00
601688 HUATAI SECURIT-A 0.47 % BP3R3B4 91819.00
300896 IMEIK TECHNOLO-A 0.19 % BNR4MY3 2620.00
601166 INDUSTRIAL BANK CO LTD -A 0.49 % BP3R295 72500.00
600887 INNER MONG YIL-A 1.18 % BP3R2V7 111600.00
000426 INNER MONGOLIA-A 0.57 % BD5LTX4 104700.00
601128 JIANGSU CHANGS-A 0.42 % BFF1Z18 144820.00
600901 JIANGSU FINANC-A 0.94 % BHWLWW5 480440.00
601100 JIANGSU HENGLI-A 0.19 % BP3RFJ6 9600.00
600276 JIANGSU HENGRU-A 0.46 % BP3R369 28000.00
600557 JIANGSU KANION-A 0.2 % BP3R7P6 29700.00
603369 JIANGSU KING'S-A 0.35 % BTFRHZ2 17985.00
603323 JIANGSU SUZHOU R 0.16 % BMF7N00 84800.00
002519 JIANGSU YINHE-A 0.22 % BD5LZL4 106400.00
002068 JIANGXI BLACK -A 0.19 % BFCCQ22 58400.00
600362 JIANGXI COPPER CO LTD-A 0.15 % BP3R4R7 15500.00
601001 JINNENG HOLDIN-A 0.2 % BP3R972 27300.00
600872 JONJEE HIGH-TE-A 0.21 % BP3RB10 20400.00
002425 KAISER CHINA -A 0.16 % BD5LXF4 139000.00
600519 KWEICHOW MOUTAI CO LTD-A 5.38 % BP3R2F1 8872.00
600223 LUSHANG FREDA-A 0.39 % BMVB2V0 128500.00
002475 LUXSHARE PRECI-A 0.99 % BD5CN80 73500.00
000568 LUZHOU LAOJIAO CO LTD-A 1.55 % BD5CMM7 25400.00
300782 MAXSCEND MICRO-A 0.45 % BK4XS11 12700.00
000333 MIDEA GROUP CO LTD-A 2.68 % BD5CPP1 104640.00
601615 MING YANG SMAR-A 0.17 % BK94864 39500.00
688008 MONTAGE TECHNO-A 0.37 % BK71F77 18000.00
600406 NARI TECHNOLOGY CO LTD-A 0.61 % BP3R444 65800.00
002371 NAURA TECH GR -A 0.67 % BD5LYF1 5300.00
601336 NEW CHINA LIFE-A 0.21 % BP3R3F8 17000.00
000997 NEWLAND DIGITA-A 0.49 % BD5CJ15 81900.00
601137 NINGBO BOWAY ALL 0.24 % BP3RK79 36400.00
601857 PETROCHINA CO LTD-A 1.62 % BP3R206 422184.00
601319 PICC HOLDING CO-A 0.15 % BDFS9G8 75000.00
601318 PING AN INSURA-A 4.14 % BP3R284 253600.00
600048 POLY DEVELOPME-A 0.46 % BP3R336 118400.00
601658 POSTAL SAVINGS-A 0.15 % BL61XF9 83500.00
601669 POWER CONSTRUC-A 0.17 % BP3R4M2 82800.00
601665 QILU BANK CO LTD-A 0.16 % BP91NB0 85100.00
601058 SAILUN GROUP CO LTD-A 0.21 % BP3RFY1 38100.00
002648 SATELLITE CHEM-A 0.4 % BFCCQG6 57380.00
601127 SERES GROUP CO L-A 0.43 % BYV1VC8 12600.00
601225 SHAANXI COAL I-A 0.2 % BS7K5P8 19100.00
002237 SHANDONG HUMON SMELTING-A 0.19 % BD5C7Q6 42600.00
600000 SHANG PUDONG-A 0.46 % BP3R2B7 145800.00
603899 SHANGHAI M&G S-A 0.25 % BZ0D285 19100.00
600809 SHANXI XINGHUA-A 0.86 % BP3R820 9400.00
600183 SHENGYI TECH C-A 0.48 % BP3RC39 56800.00
002916 SHENNAN CIRCUITS CO LTD-A 0.21 % BFY8GV7 5100.00
300124 SHENZHEN INOVA-A 0.75 % BD5CMN8 34900.00
300760 SHENZHEN MINDR-A 3.45 % BHQK864 29556.00
300724 SHENZHEN SC NE-A 0.19 % BKDQ8D3 7800.00
001309 SHENZHEN TECHW-A 0.24 % BQWRVY1 6930.00
688036 SHENZHEN TRANS-A 1.8 % BNR4NP1 52083.60
601598 SINOTRANS LIMITED-A 0.22 % BHHLN72 100600.00
601021 SPRING AIRLINES CO LTD-A 0.34 % BZ0D1W2 15300.00
300274 SUNGROW POWER -A 0.78 % BD5CGB4 29960.00
000100 TCL TECHNOLOGY-A 0.57 % BD5CP28 335240.00
002035 VATTI CORPORATION LTD-A 0.46 % BD73L09 156800.00
600309 WANHUA CHEMIC-A 1.17 % BP3R3S1 34600.00
000338 WEICHAI POWER CO LTD-A 2.06 % BD5CQ03 331000.00
603501 WILL SEMICONDU-A 1.21 % BK947V2 30200.00
000858 WULIANGYE YIBIN CO LTD-A 2.03 % BD5CPG2 38300.00
603259 WUXI APPTEC CO LTD-A 0.56 % BHWLWV4 32600.00
688516 WUXI AUTOWELL -A 0.16 % BQ3RXH7 8360.00
000400 XUJI ELECTRIC CO LTD-A 0.2 % BD5CJB5 16000.00
300628 YEALINK NETWOR-A 0.43 % BFCCR07 28300.00
600066 YUTONG BUS CO LTD-A 0.97 % BP3R5T6 101545.00
002236 ZHEJIANG DAHUA-A 0.3 % BD5CNJ1 46300.00
603338 ZHEJIANG DINGL-A 0.64 % BYZW440 27000.00
603799 ZHEJIANG HUAYO-A 0.22 % BFF5BV2 23100.00
002318 ZHEJIANG JIULI HI-TECH-A 0.6 % BD5CBX1 64100.00
002001 ZHEJIANG NHU CO LTD-A 0.4 % BD5CH66 54500.00
002050 ZHEJIANG SANHU-A 0.17 % BD5CDC4 19500.00
601717 ZHENGZHOU COAL-A 0.19 % BP3RCS4 30500.00
300308 ZHONGJI INNOLI-A 1.07 % BFFJRM7 19740.00
600325 ZHUHAI HUAFA-A 0.56 % BP3RG37 200400.00
601899 ZIJIN MINING-A 1.1 % BP3R400 165300.00
000157 ZOOMLION HEAVY-A 0.2 % BD5CPZ1 64000.00

Important Information

Prospectus Disclosure

Carefully consider the Funds’ investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Funds’ full or summary prospectus, which may be obtained by calling +1 (626) 407-4581 or visiting funds.rayliant.com

Please read the prospectus carefully before investing.

Risk of Investing

Investing involves risk, including the risk of total loss of principal. Please consider the risks outlined in the sections below before investing in the ETF.

Investment Objectives

There can be no assurance that an ETF will achieve its stated objectives.

Small Company Risk

Investments in smaller companies typically exhibit higher volatility.

Quantitative Investment Risk

Investments that are managed according to a quantitative model can perform differently from the market as a whole.

International Risk

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations.

Emerging Markets Risk

Emerging markets risk assumes heightened risks to all the same factors within International Risk as well as increased volatility and lower trading volume.

Sector Risk

The Fund may be more heavily invested in particular sectors, the value of its shares may be especially sensitive to factors and economic risks that specifically affect those sectors.

Active Management Risk

The Adviser’s judgments about the attractiveness, value, or potential appreciation of the Fund’s investments may prove to be incorrect. The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.

Single Country Risk

Securities focusing on a single country may be subject to higher volatility.

Non-diversified Risk

The ETF is not diversified.

Stock Connect / A Shares Risk

Trading through Stock Connect is subject to a number of restrictions that may affect an ETF’s investments and returns. China A shares purchased by the ETF through Stock Connect are generally subject to Chinese securities regulations and listing rules, among other restrictions.

Compliance with Executive Order

The adviser confirms it has taken the following steps to comply with Executive Order 13959 dated 12 November 2020:
1. It has not purchased and will not purchase for value on or after January 11, 2021 any of the Sanctioned Securities of companies identified in the Executive Order;
2. As additional Sanctioned Securities become subject to restrictions under the Executive Order, it will not purchase for value any of these Sanctioned Securities on or after the effective date of the restrictions applicable to these Sanctioned Securities;
3. To the extent it maintains holdings of Sanctioned Securities prior to the effective date of the restrictions under the Executive Order applicable to these Sanctioned Securities, it will divest all holdings of the Sanctioned Securities in accordance with the requirements of the Executive Order.

Distributor

The Fund is distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with the Fund’s adviser.