Last updated 09.26.2025
Last updated 09.26.2025
The Rayliant Quantamental Emerging Market ex-China Equity ETF is an active strategy that employs big data and sophisticated quantitative models to identify investment opportunities in emerging market stocks traded around the world.
Note: As of 10/24/2023, the fund's name and benchmark was changed.
(as of 08/31/2025)
| 1-MO | 3-MO | 1Y | 3Y | 5Y | YTD | Since Inception (12.15.2021) | |
|---|---|---|---|---|---|---|---|
| RAYE NAV (%) | 0.86% | 10.01% | 6.82% | 11.57% | – | 14.04% | 5.20% |
| RAYE Market Price (%) | 1.43% | 10.11% | 6.34% | 11.69% | – | 13.72% | 5.18% |
| MSCI Emerging Markets ex China Index (%) | 0.03% | 8.11% | 8.21% | 10.36% | – | 15.97% | 3.37% |
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.
NAV
$27.75 Net Asset Value
NAV Change
-$0.51
Price
$27.79
Price Change
-$0.33
| Inception Date | 12.15.2021 |
| Ticker | RAYE |
| Primary Exchange | NYSE |
| Net Expense Ratio* | 0.88% |
| CUSIP | 00775Y710 |
| Premium/Discount | 0.00% |
| 30-Day Median Bid/Ask Spread ¹ | 0.56% |
| Gross Expense Ratio* | 1.46% |
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 1/31/2026.
The Rayliant Quantamental Emerging Market ex-China Equity ETF (the “Fund”) seeks long-term capital appreciation.
WATCH VIDEO
|
Number of Days At |
2024 |
2025 Q1 |
2025 Q2 |
2025 Q3 |
|---|---|---|---|---|
| Premium | 186 | 40 | 24 | 20 |
| NAV | 9 | 0 | 1 | 4 |
| Discount | 57 | 20 | 37 | 38 |
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.
(as of 09.26.2025) Holdings are subject to change.
| Ticker | Company Name | % of Net Assets |
|---|---|---|
| 2330 TT | TAIWAN SEMICONDUCTOR MANUFAC | 17.58% |
| 005930 KS | SAMSUNG ELECTRONICS CO LTD | 4.95% |
| 000660 KS | SK HYNIX INC | 2.45% |
| 2345 TT | ACCTON TECHNOLOGY CORP | 2.28% |
| 316140 KS | WOORI FINANCIAL GROUP INC | 2.18% |
| TPE PW | TAURON POLSKA ENERGIA SA | 2.13% |
| 2317 TT | HON HAI PRECISION INDUSTRY | 2.05% |
| NFIL IN | NAVIN FLUORINE INTERNATIONAL | 1.88% |
| 086790 KS | HANA FINANCIAL GROUP | 1.78% |
| 3044 TT | TRIPOD TECHNOLOGY CORP | 1.78% |
