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Last updated 06.14.2024

Rayliant SMDAMJapan Equity ETF

Last updated 06.14.2024

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.

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Performance

(as of 05/31/2024)

Monthly Quarterly

1-MO 3-MO 1Y 3Y 5Y YTD Since Inception (04.04.2024)
NAV (%) 1.44% N/A N/A N/A N/A N/A -1.08%
Market Price (%) 2.85% N/A N/A N/A N/A N/A -0.48%

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.

NAV

$24.85 Net Asset Value

NAV Change

NAV Change

+$0.18

Price

$24.77

Price Change

NAV Change

+$0.13

Key Facts

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  0.1607%
Gross Expense Ratio* 1.33%

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.

Investment Objective

Rayliant SMDAM Japan Equity ETF (the “Fund”) seeks long-term capital appreciation.

Fund Highlights

Rayliant SMDAM Japan Equity ETF

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Historical Premium
/ Discount Data

Number
of Days At:
Q2 2024
Premium 31
NAV 2
Discount 18

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 0.14 % 43709.23
JAPANESE YEN 0 % JPY 13189.00
2670 ABC-MART INC 3.23 % 6292102 56200.00
7936 ASICS CORP 3.78 % 6057378 20400.00
4568 DAIICHI SANKYO CO LTD 4.04 % B0J7D91 37100.00
6367 DAIKIN INDUSTRIES LTD 2.43 % 6250724 5194.00
6902 DENSO CORP 2.95 % 6640381 61200.00
6146 DISCO CORP 4.88 % 6270948 3710.00
6361 EBARA CORP 2.22 % 6302700 9000.00
9983 FAST RETAILING CO LTD 4.02 % 6332439 4955.00
6504 FUJI ELECTRIC CO LTD 2.58 % 6356365 13941.00
5803 FUJIKURA LTD 5.32 % 6356707 78580.00
6501 HITACHI LTD 3.58 % 6429104 10374.00
3774 INTERNET INITIATIVE JAPAN 1.16 % B05H328 26164.00
7012 KAWASAKI HEAVY INDUSTRIES 4.77 % 6484620 40700.00
1959 KYUDENKO CORP 2.7 % 6499969 22963.00
2585 LIFEDRINK CO INC 3.62 % BN33L58 27659.00
9552 M&A RESEARCH INS 0.21 % BQ5HXL9 3125.00
5344 MARUWA CO LTD 4.03 % 6570660 5414.00
8058 MITSUBISHI CORP 4.75 % 6596785 74300.00
8306 MITSUBISHI UFJ F 5.02 % 6335171 158500.00
6701 NEC CORP 3.42 % 6640400 13470.00
4046 OSAKA SODA CO LTD 2.5 % 6661780 11854.00
7199 PREMIUM GROUP CO LTD 3.48 % BFNH9M7 82100.00
4681 RESORTTRUST INC 2.64 % 6044132 56100.00
8136 SANRIO CO LTD 3.15 % 6776349 56100.00
3569 SEIREN CO LTD 2.6 % 6793520 53100.00
4063 SHIN-ETSU CHEMICAL CO LTD 3.39 % 6804585 27526.00
6088 SIGMAXYZ HOLDINGS INC 2.95 % BH0VS07 98700.00
6432 TAKEUCHI MFG CO LTD 2.79 % 6565031 24231.00
2875 TOYO SUISAN KAISHA LTD 3.19 % 6899967 16462.00
7203 TOYOTA MOTOR CORP 4.44 % 6900643 71000.00

Important Information

Prospectus Disclosure

Carefully consider the Fund's investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s 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.

Small Company Risk

Investments in smaller companies typically exhibit higher volatility.

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.

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.

Geographic Focus Risk

The Fund focuses its investments in a single country and as a result, it may be subject to greater price volatility and risk of loss.

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, Rayliant Asset Management, or SMDAM, the sub-adviser.