ETF overview
The RWLC is an Exchange-Traded Fund designed to mirror the performance of a strategically chosen basket of large-capitalization U.S. equities. Its selection process integrates a multi-factor approach, which is further refined through advanced machine learning algorithms. The sophisticated model underpinning the ETF leverages over 100 distinct signals, encompassing market-level, fundamental company data, and technical indicators, all drawn from 12 key factor categories. To mitigate risk, strict constraints are imposed on both single-stock concentration and industry exposure, measured against the FT Wilshire US Large Cap Index. The index construction methodology follows a three-step process: initially estimating risk-adjusted returns, followed by the calculation of the covariance matrix, and culminating in optimization for mean tracking error. Reconstitution of the index occurs on a quarterly basis. The data utilized for estimating stock risk-adjusted returns and the covariance matrix is derived from month-end figures, specifically from the month preceding each reconstitution event. Notably, before December 19, 2025, the fund operated under a different structure and name: the actively managed Rayliant Quantitative Developed Market Equity ETF (RAYD).
Fund facts
- Expense ratio
- 0.32%
- Issuer
- Rayliant
- Inception date
- Dec 15, 2021
- Number of holdings
- 110
Breakdown
Holdings (110)
| Name | Ticker | Weight |
|---|---|---|
| APPLE INC | AAPL | 9.25% |
| NVIDIA CORP | NVDA | 6.19% |
| MICROSOFT CORP | MSFT | 3.89% |
| ALPHABET INC-CL A | GOOGL | 3.33% |
| ALPHABET INC-CL C | GOOG | 2.84% |
| MASTERCARD INC - A | MA | 2.81% |
| ELI LILLY & CO | LLY | 2.39% |
| MICRON TECHNOLOGY INC | MU | 2.28% |
| AMAZON.COM INC | AMZN | 2.25% |
| GILEAD SCIENCES INC | GILD | 2.17% |
| and 97 more | ||
Similar ETFs
- SGI U.S. Large Cap Core ETFSGLC · Overlap 53% · Expense ratio 0.85%
- Natixis Gateway Quality Income ETFGQI · Overlap 52% · Expense ratio 0.34%
- SEI Ang Research Enhanced U.S. Large Cap ETFANGU · Overlap 52% · Expense ratio 0.10%
- Harbor PanAgora Dynamic Large Cap Core ETFINFO · Overlap 51% · Expense ratio 0.35%
- Invesco Russell 1000 Dynamic Multifactor ETFOMFL · Overlap 50% · Expense ratio 0.29%
- Northern Trust US Quality Large Cap ETFQLC · Overlap 50% · Expense ratio 0.26%
- Fidelity Enhanced Large Cap Core ETFFELC · Overlap 50% · Expense ratio 0.18%
- First Trust Active Factor Large Cap ETFAFLG · Overlap 50% · Expense ratio 0.55%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.32%
- Issuer
- Rayliant
- Inception date
- Dec 15, 2021
- Number of holdings
- 110
| Name | Ticker | Weight |
|---|---|---|
| APPLE INC | AAPL | 9.25% |
| NVIDIA CORP | NVDA | 6.19% |
| MICROSOFT CORP | MSFT | 3.89% |
| ALPHABET INC-CL A | GOOGL | 3.33% |
| ALPHABET INC-CL C | GOOG | 2.84% |
| MASTERCARD INC - A | MA | 2.81% |
| ELI LILLY & CO | LLY | 2.39% |
| MICRON TECHNOLOGY INC | MU | 2.28% |
| AMAZON.COM INC | AMZN | 2.25% |
| GILEAD SCIENCES INC | GILD | 2.17% |
| and 97 more | ||
The RWLC is an Exchange-Traded Fund designed to mirror the performance of a strategically chosen basket of large-capitalization U.S. equities. Its selection process integrates a multi-factor approach, which is further refined through advanced machine learning algorithms. The sophisticated model underpinning the ETF leverages over 100 distinct signals, encompassing market-level, fundamental company data, and technical indicators, all drawn from 12 key factor categories. To mitigate risk, strict constraints are imposed on both single-stock concentration and industry exposure, measured against the FT Wilshire US Large Cap Index. The index construction methodology follows a three-step process: initially estimating risk-adjusted returns, followed by the calculation of the covariance matrix, and culminating in optimization for mean tracking error. Reconstitution of the index occurs on a quarterly basis. The data utilized for estimating stock risk-adjusted returns and the covariance matrix is derived from month-end figures, specifically from the month preceding each reconstitution event. Notably, before December 19, 2025, the fund operated under a different structure and name: the actively managed Rayliant Quantitative Developed Market Equity ETF (RAYD).
- SGI U.S. Large Cap Core ETFSGLC · Overlap 53% · Expense ratio 0.85%
- Natixis Gateway Quality Income ETFGQI · Overlap 52% · Expense ratio 0.34%
- SEI Ang Research Enhanced U.S. Large Cap ETFANGU · Overlap 52% · Expense ratio 0.10%
- Harbor PanAgora Dynamic Large Cap Core ETFINFO · Overlap 51% · Expense ratio 0.35%
- Invesco Russell 1000 Dynamic Multifactor ETFOMFL · Overlap 50% · Expense ratio 0.29%
- Northern Trust US Quality Large Cap ETFQLC · Overlap 50% · Expense ratio 0.26%
- Fidelity Enhanced Large Cap Core ETFFELC · Overlap 50% · Expense ratio 0.18%
- First Trust Active Factor Large Cap ETFAFLG · Overlap 50% · Expense ratio 0.55%
Overlap is the share of assets the two funds hold in common.
Unlock all ETF data
Sign up for FreeUnlock all ETF data
Sign up for Free