Last updated 10.08.2025
Last updated 10.08.2025
The Rayliant SMDAM Japan Equity ETF is an active strategy for pursuing growth in Japan’s stock market. The strategy applies research by Sumitomo-Mitsui DS Asset Management’s (SMDAM) large analyst team, deep local insights from the firm’s portfolio management team, along with input from Rayliant Asset Management’s cutting-edge quantitative models.
(as of 09/30/2025)
| 1-MO | 3-MO | 1Y | 3Y | 5Y | YTD | Since Inception (04.04.2024) | |
|---|---|---|---|---|---|---|---|
| RAYJ NAV (%) | -0.72% | 4.07% | 18.67% | – | – | 19.15% | 21.60% |
| RAYJ Market Price (%) | -0.24% | 3.09% | 18.41% | – | – | 19.32% | 21.01% |
| TOPIX Index (%) | 2.37% | 8.37% | 17.68% | – | – | 22.60% | 15.04% |
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
$33.21 Net Asset Value
NAV Change
-$0.08
Price
$33.19
Price Change
-$0.09
| Inception Date | 04.04.2024 |
| Ticker | RAYJ |
| Primary Exchange | NYSE |
| Net Expense Ratio* | 0.72% |
| CUSIP | 00775Y355 |
| Premium/Discount | 0.00% |
| 30-Day Median Bid/Ask Spread ¹ | 0.30% |
| Gross Expense Ratio* | 1.67% |
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 January 31, 2026.
Rayliant SMDAM Japan Equity ETF (the “Fund”) seeks long-term capital appreciation.
WATCH VIDEO
|
Number of Days At |
2024 |
2025 Q1 |
2025 Q2 |
2025 Q3 |
2025 Q4 |
|---|---|---|---|---|---|
| Premium | 103 | 30 | 34 | 34 | 3 |
| NAV | 8 | 2 | 1 | 4 | 0 |
| Discount | 77 | 28 | 27 | 26 | 3 |
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 10.08.2025) Holdings are subject to change.
| Ticker | Company Name | % of Net Assets |
|---|---|---|
| 5803 JP | FUJIKURA LTD | 6.58% |
| 8306 JP | MITSUBISHI UFJ FINANCIAL GRO | 6.03% |
| 6701 JP | NEC CORP | 5.63% |
| 6758 JP | SONY GROUP CORP | 4.87% |
| 7203 JP | TOYOTA MOTOR CORP | 4.85% |
| 7936 JP | ASICS CORP | 4.06% |
| 8136 JP | SANRIO CO LTD | 4.03% |
| 9719 JP | SCSK CORP | 3.84% |
| 6361 JP | EBARA CORP | 3.81% |
| 6146 JP | DISCO CORP | 3.54% |
