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Rayliant Quantamental China Equity ETF RAYC:NYSE Arca
| Last Price | Today's Change | Today's Volume |  |  | |||
|---|---|---|---|---|---|---|---|
| $15.565 | +0.205 (1.33%) | 3,236 Below Avg. | |||||
| As of 10:27 am ET 10/22/2024 | |||||||
Fund Performance
Fund Strategy
The investment seeks long-term capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of issuers based in China. The equity securities in which it primarily invests are common stock, preferred stock, ADRs, and REITs. The fund may invest in securities of companies with any market capitalization. It may also invest in ETFs to equitize cash, and engage in securities lending. From time to time, the fund may focus its investments in a particular sector, such as the financials or consumer discretionary sector. It is non-diversified.
Additional Information
Holdings: ETFs offer investors an interest in a portfolio of securities and other underlying assets and are therefore quite similar to mutual funds. One unique ETF feature is transparency, allowing investors to see the underlying portfolio securities on a daily basis.
| Details as of 10:27 am ET 10/22/2024 | |
|---|---|
| Today's Open | $15.48 |
| Previous Close | $15.36 |
| Day's Range | $15.48 - $15.565 |
| 52 Week Range | $11.88 - $19.61 |
| Closing NAV 10/21/2024 | $15.38 |
|---|---|
| Premium/Discount 10/21/2024 | -0.13% |
| Avg. Volume (10 Day) | 23,591 |
| Put/Call Ratio (1 Day) | -- |
| Put/Call Ratio (30 Day) | -- |
| Fund Profile | |||
| Fund Type | Exchange Traded Fund | Total Assets | $40.3M |
|---|---|---|---|
| Inception | 12/30/2020 | Gross Expense Ratio | 1.04% |
| Total Holdings | 130 | Net Expense Ratio | 0.80% |
Leveraged Exchange Traded ProductsLeveraged ETPs (exchange-traded products) typically use derivatives to attempt to multiply the returns of the underlying index each day. These products invest their portfolios much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-leveraged counterparts. It is important to remember that these securities are generally designed for daily use only, and are generally not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s multiple of the underlying index over those periods. These funds are not appropriate for most investors. Leveraged Closed-end FundsFunds that borrow money to purchase more assets in this way will generally move up more than the market when the market rises and move down farther than the market when the market falls. Bond funds that use leverage have the potential to increase the amount of income that they pay out, but at the cost of larger drops in value during a falling market. Leverage inherently increases the risk in a portfolio. 0824-U08J | No | Portfolio Turnover | 325% |
| For ETFs, this refers to the number of times the fund is long or short the index to explain its leverage factor. For example, -300 means that the ETF is short 3 times the index. | -- | ESG FundEnvironmental, Social, and Governance (ESG) is the industry term Schwab has chosen to use as an umbrella term to describe various investing approaches that consider not only traditional measures of risk and return, but environmental, social, and corporate governance (ESG) factors as well. Schwab uses ESG to broadly encompass ESG investing , but also investing approaches described as "values-based investing," "impact investing," "sustainable investing," and other approaches. An ESG product may apply ESG factors to its investment or governance processes in many different ways. A product that employs ESG strategies may choose to focus on one or more ESG factors, though an ESG product may also include securities that don't fit any ESG category. The information displayed utilizes the Morningstar "Sustainable Investment - Overall" datapoint. Click here to learn more about ESG at Schwab. 0824-U08J | No |
| Fund Company | Rayliant | Active Semi-transparent Active Semi-transparent ETFsActive semi-transparent ETFs reveal full portfolio holdings only on a monthly or quarterly basis, not daily like traditional ETFs. There are different degrees of transparency as some firms will not disclose any daily holdings and others will reveal holdings daily, but shield certain positions and weights. Certain active semi-transparent ETFs may not be available for purchase or custody at Schwab. 0824-U08J | No |
| Morningstar Category China-region stock portfolios invest almost exclusively in stocks from China, Taiwan, and Hong Kong. These portfolios invest at least 70% of total assets in equities and invest at least 75% of stock assets in one specific region or a combination of China, Taiwan, and/or Hong Kong. | China Region | Buffer ETFsBuffer ETFs provide investors with the opportunity to participate in the upside of an asset’s risk while giving investors some level of downside protection during a stated outcome period (typically one year). An upside return cap represents the maximum percentage of return an investor can achieve, and an investor will not participate in any excess returns above the cap. Buffer ETFs may limit an investor’s losses up to an ETF’s stated buffer limit; however, in the event of a decline in the underlying investments in excess of the buffer limit, the investor can experience those losses. Return cap and downside buffer levels for a Buffer ETF are established at the beginning of each outcome period and will likely differ from the prior outcome period. Buffer ETFs invest primarily in FLexible EXchange (“FLEX”) options to employ a structured or defined outcome strategy. 0824-U08J | No |
Inverse ETPInverse ETPs (exchange-traded products) typically use derivatives to attempt to move in the opposite direction of the underlying index by a certain multiple each day. They generally have either a negative number like –1x or –2x or a term like “short” or “inverse” in their names. These products invest their portfolios much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-inverse counterparts. It is important to remember that these securities are designed for daily use only, and are not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s negative multiple of the underlying index over longer periods. These funds are not appropriate for most investors. 0824-U08J | No | ||
| Annualized Trend 1,5,10 Year | Annualized Returns | ||||
|---|---|---|---|---|---|
| Description | 1 Year | 5 Year | 10 Year | Inception 12/2020 | |
| RAYC Market Price | +13.9% | -- | -- | -9.9% | |
| RAYC NAV | +16.9% | -- | -- | -9.4% | |
| China RegionMorningstar Category | +14.0% | +1.8% | +3.1% | -- | |
| MSCI ACWI Ex USA NR USDBroad-Based Index | +25.4% | +7.6% | +5.2% | +5.2% | |
| Morningstar China NR USDBest Fit Index | -- | -- | -- | -- | |
Datasource: Morningstar All performance periods are based on closing daily prices. | |||||
| View Performance | |||||
Top 10 Holdings as of 10/18/2024
Symbol | Description | % of Net Assets | Sector | YTD Chg. % | |
|---|---|---|---|---|---|
| -- | Kweichow Moutai Co Ltd Class A |
| -- | -- | |
| -- | Ping An Insurance (Group) Co. of China ... |
| -- | -- | |
| -- | Contemporary Amperex Technology Co Ltd ... |
| -- | -- | |
| -- | Midea Group Co Ltd Class A |
| -- | -- | |
| -- | China Merchants Bank Co Ltd Class A |
| -- | -- | |
| -- | Shenzhen Mindray Bio-Medical Electronic... |
| -- | -- | |
| -- | BYD Co Ltd Class A |
| -- | -- | |
| -- | China Pacific Insurance (Group) Co Ltd ... |
| -- | -- | |
| -- | China State Construction Engineering Co... |
| -- | -- | |
| -- | Industrial Bank Co Ltd Class A |
| -- | -- | |
| % of portfolio in top 10 holdings: 34.05% | |||||
| View Portfolio, All Holdings | |||||
Investment Style & Rating
Morningstar Investment Style
| Large | ||||
| Mid | Market Cap | |||
| Small | ||||
| Value | Blend | Growth | ||
| Investment Style | ||||
Morningstar Rating
Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weighted average of the fund's 3, 5 and 10 year (Morningstar Rating) metrics.
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Exchange traded funds have gained the favor of investors because of their low expense ratios, tax efficiency, diversification, trading flexibility and liquidity. They offer a lower relative cost alternative to other vehicles such as stocks and many mutual funds.