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Last updated 02.26.2024

Rayliant Quantamental China Equity ETF

Last updated 02.26.2024

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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NAV

$13.14 Net Asset Value

NAV Change

NAV Change

-$0.11

NET EXPENSE RATIO*

0.80%

* A full explanation of expenses and fees are stated in the prospectus. Fee waivers are contractual and in effect until 1/31/2024.

Price

$13.06

Price Change

NAV Change

-$0.16

GROSS EXPENSE RATIO*

1.04%

* A full explanation of expenses and fees are stated in the prospectus. Fee waivers are contractual and in effect until 1/31/2024.

Key Facts

Inception Date 12.30.2020
Ticker RAYC
Primary Exchange NYSE
CUSIP 00774Q197
Premium/Discount 0.00%
30-Day Median Bid/Ask Spread ¹ 0.315%

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.

Investment Objective

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

Monthly
Performance

(as of 01/31/2024)

1-MO 3-MO 1Y 3Y 5Y YTD Since Inception (12.30.2020)
NAV (%) -5.06% -7.08% -32.98% - - -5.06% -18.94%
Market Price (%) -5.16% -7.60% -33.67% - - -5.16% -19.05%

Quarterly
Performance

(as of 12/31/2023)

1-MO 3-MO 1Y 3Y 5Y YTD Since Inception (12.30.2020)
NAV (%) -1.84% -6.88% -21.75% - - -21.75% -18.02%
Market Price (%) -1.57% -7.42% -21.67% - - -21.67% -18.10%

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.

Historical Premium
/ Discount Data

Number of Days At: 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024
Premium 151 36 23 16 16 4
NAV 9 1 2 6 4 0
Discount 91 25 37 41 43 33

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 02.26.2024) Holdings are subject to change.

Ticker Company Name % of Net Assets
301301 C2 YILI CHUANNING BIOTECHNOLO-A 0.81%
603859 C1 NANCAL TECHNOLOGY C0 LTD-A 0.30%
601137 C1 NINGBO BOWAY ALLOY MATERIA-A 0.41%
601126 C1 BEIJING SIFANG AUTOMATION-A 0.25%
688516 C1 WUXI AUTOWELL TECHNOLOGY C-A 0.49%
002158 C2 SHANGHAI HANBELL PRECISE -A 0.71%
002043 C2 DEHUA TB NEW DECORATION-A 0.33%
600845 C1 SHANGHAI BAOSIGHT SOFTWARE-A 0.38%
603259 C1 WUXI APPTEC CO LTD-A 1.05%
300760 C2 SHENZHEN MINDRAY BIO-MEDIC-A 2.72%
600309 C1 WANHUA CHEMICAL GROUP CO -A 0.37%
300124 C2 SHENZHEN INOVANCE TECHNOLO-A 0.80%
601600 C1 ALUMINUM CORP OF CHINA LTD-A 0.42%
601138 C1 FOXCONN INDUSTRIAL INTERNE-A 1.37%
CASH 0.50%
CHINESE YUAN RENMINBI 0.01%
601318 C1 PING AN INSURANCE GROUP CO-A 4.33%
601601 C1 CHINA PACIFIC INSURANCE GR-A 1.15%
600066 C1 YUTONG BUS CO LTD-A 0.69%
600183 C1 SHENGYI TECHNOLOGY CO LTD -A 0.37%
000538 C2 YUNNAN BAIYAO GROUP CO LTD-A 0.27%
000858 C2 WULIANGYE YIBIN CO LTD-A 1.75%
002271 C2 BEIJING ORIENTAL YUHONG-A 0.34%
000786 C2 BEIJING NEW BUILDING MATER-A 0.90%
002142 C2 BANK OF NINGBO CO LTD -A 0.70%
600900 C1 CHINA YANGTZE POWER CO LTD-A 1.32%
601668 C1 CHINA STATE CONSTRUCTION -A 1.71%
600795 C1 GD POWER DEVELOPMENT CO -A 0.57%
600406 C1 NARI TECHNOLOGY CO LTD-A 0.59%
601618 C1 METALLURGICAL CORP OF CHIN-A 0.98%
601009 C1 BANK OF NANJING CO LTD -A 0.28%
600919 C1 BANK OF JIANGSU CO LTD-A 1.27%
000651 C2 GREE ELECTRIC APPLIANCES I-A 1.35%
300450 C2 WUXI LEAD INTELLIGENT EQUI-A 0.22%
600085 C1 BEIJING TONGRENTANG CO-A 0.48%
600436 C1 ZHANGZHOU PIENTZEHUANG PHA-A 0.17%
002555 C2 37 INTERACTIVE ENTERTAINME-A 0.43%
000568 C2 LUZHOU LAOJIAO CO LTD-A 1.90%
002475 C2 LUXSHARE PRECISION INDUSTR-A 0.84%
002027 C2 FOCUS MEDIA INFORMATION TE-A 0.80%
002236 C2 ZHEJIANG DAHUA TECHNOLOGY-A 0.60%
000725 C2 BOE TECHNOLOGY GROUP CO LT-A 0.94%
001979 C2 CHINA MERCHANTS SHEKOU IND-A 0.27%
000333 C2 MIDEA GROUP CO LTD-A 1.46%
000063 C2 ZTE CORP-A 0.51%
000338 C2 WEICHAI POWER CO LTD-A 2.29%
000776 C2 GF SECURITIES CO LTD-A 0.53%
002594 C2 BYD CO LTD -A 1.73%
603799 C1 ZHEJIANG HUAYOU COBALT CO -A 0.24%
601857 C1 PETROCHINA CO LTD-A 1.61%
601398 C1 IND & COMM BK OF CHINA-A 0.91%
601288 C1 AGRICULTURAL BANK OF CHINA-A 0.38%
601988 C1 BANK OF CHINA LTD-A 0.62%
600028 C1 CHINA PETROLEUM & CHEMICAL-A 1.11%
600036 C1 CHINA MERCHANTS BANK-A 3.33%
600016 C1 CHINA MINSHENG BANKING-A 0.58%
601328 C1 BANK OF COMMUNICATIONS CO-A 0.68%
600030 C1 CITIC SECURITIES CO-A 0.82%
601818 C1 CHINA EVERBRIGHT BANK CO-A 0.39%
600048 C1 POLY DEVELOPMENTS AND HOLD-A 0.26%
601688 C1 HUATAI SECURITIES CO LTD-A 0.51%
601390 C1 CHINA RAILWAY GROUP LTD-A 0.96%
601336 C1 NEW CHINA LIFE INSURANCE C-A 1.14%
600690 C1 HAIER SMART HOME CO LTD-A 0.68%
601939 C1 CHINA CONSTRUCTION BANK-A 0.61%
601899 C1 ZIJIN MINING GROUP CO LTD-A 0.91%
002007 C2 HUALAN BIOLOGICAL ENGINEER-A 0.52%
002589 C2 REALCAN PHARMACEUTICAL GRO-A 0.26%
300015 C2 AIER EYE HOSPITAL GROUP CO-A 0.71%
600519 C1 KWEICHOW MOUTAI CO LTD-A 5.61%
600887 C1 INNER MONGOLIA YILI INDUS-A 0.86%
601888 C1 CHINA TOURISM GROUP DUTY F-A 0.24%
601111 C1 AIR CHINA LTD-A 0.21%
603993 C1 CMOC GROUP LTD-A 0.64%
600115 C1 CHINA EASTERN AIRLINES CO-A 0.22%
600029 C1 CHINA SOUTHERN AIRLINES CO-A 0.18%
600660 C1 FUYAO GLASS INDUSTRY GROUP-A 0.20%
600153 C1 XIAMEN C & D INC-A 0.37%
600809 C1 SHANXI XINGHUACUN FEN WINE-A 0.71%
601012 C1 LONGI GREEN ENERGY TECHNOL-A 0.88%
601211 C1 GUOTAI JUNAN SECURITIES CO-A 0.47%
600926 C1 BANK OF HANGZHOU CO LTD-A 0.24%
600061 C1 SDIC CAPITAL CO LTD-A 0.39%
601021 C1 SPRING AIRLINES CO LTD-A 0.33%
603899 C1 SHANGHAI M&G STATIONERY IN-A 0.28%
600737 C1 COFCO SUGAR HOLDING CO LTD-A 0.89%
002050 C2 ZHEJIANG SANHUA INTELLIGEN-A 0.48%
002311 C2 GUANGDONG HAID GROUP CO-A 0.46%
600426 C1 SHANDONG HUALU HENGSHENG-A 0.50%
000100 C2 TCL TECHNOLOGY GROUP CORP-A 0.81%
600346 C1 HENGLI PETROCHEMICAL CO L-A 0.59%
603369 C1 JIANGSU KING'S LUCK BREWER-A 0.36%
603833 C1 OPPEIN HOME GROUP INC-A 0.71%
300750 C2 CONTEMPORARY AMPEREX TECHN-A 2.13%
000921 C2 HISENSE HOME APPLIANCES G-A 0.67%
002371 C2 NAURA TECHNOLOGY GROUP CO-A 0.24%
600176 C1 CHINA JUSHI CO LTD -A 0.20%
603986 C1 GIGADEVICE SEMICONDUCTO-CL A 0.30%
601100 C1 JIANGSU HENGLI HYDRAULIC C-A 0.21%
000997 C2 NEWLAND DIGITAL TECHNOLOGY-A 1.35%
601128 C1 JIANGSU CHANGSHU RURAL COM-A 0.35%
300308 C2 ZHONGJI INNOLIGHT CO LTD-A 0.82%
603501 C1 WILL SEMICONDUCTOR CO LTD-A 0.89%
300782 C2 MAXSCEND MICROELECTRONICS -A 0.24%
601816 C1 BEIJING-SHANGHAI HIGH SPE-A 0.15%
300274 C2 SUNGROW POWER SUPPLY CO LT-A 1.83%
601916 C1 CHINA ZHESHANG BANK CO LTD-A 0.34%
002648 C2 SATELLITE CHEMICAL CO LTD-A 1.68%
002035 C2 VATTI CORPORATION LTD-A 1.22%
688012 C1 ADVANCED MICRO-FABRICATION-A 0.82%
688036 C1 SHENZHEN TRANSSION HOLDING-A 2.45%
688111 C1 BEIJING KINGSOFT OFFICE SO-A 0.38%
688169 C1 BEIJING ROBOROCK TECHNOLOG-A 1.97%
601577 C1 BANK OF CHANGSHA CO LTD-A 0.28%
688187 C1 ZHUZHOU CRRC TIMES ELECTRI-A 0.42%
605499 C1 EASTROC BEVERAGE GROUP CO -A 0.67%
600901 C1 JIANGSU FINANCIAL LEASING-A 1.01%
002668 C2 GUANGDONG HOMA GROUP CO-A 0.73%
300866 C2 ANKER INNOVATIONS TECHNOLO-A 0.78%
000426 C2 INNER MONGOLIA XINGYE SILV-A 0.82%
688041 C1 HYGON INFORMATION TECHNOLO-A 0.47%

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 following risks before investing in the ETF.

Investment Objectives

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

Smaller Companies

Investments in smaller companies typically exhibit higher volatility.

Quantitative Investments

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.

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.

New Fund Risk

Because the Fund is new, investors bear the risk that it may not be successful in implementing its investment strategy, employ a successful investment strategy, or may fail to attract sufficient assets under management. This could result in the Fund being liquidated at any time.

Geographic Focus Risk

The Fund may focus its investments in a particular country or geographic region and as a result, it may be subject to greater price volatility and risk of loss than a fund holding more geographically diverse investments.

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.

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.