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Rayliant Quantitative Developed Market Equity ETF RAYD:NYSE Arca

Last Price Today's Change Today's Volume Schwab Report CardSchwab Report Card
$31.965 -- -- 0  
As of close 11/06/2024

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 developed market companies. The Adviser considers a company to be a developed market company if it is organized or maintains its principal place of business in a developed markets country. The equity securities in which it invests are primarily common stocks and depositary receipts, including unsponsored depositary receipts, but may also include preferred stocks, exchange-traded funds (“ETFs”), and securities of other investment companies.

Additional Information
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 close 11/06/2024
Today's Open--
Previous Close$31.965
Day's Range-- - --
52 Week Range$23.175 - $31.965
Closing NAV 11/04/2024$31.17
Premium/Discount 11/04/2024-0.19%
Avg. Volume (10 Day)4,277
Put/Call Ratio (1 Day)--
Put/Call Ratio (30 Day)--
Distributions & Yields
Previous Dividend Payment$0.4055
Previous Pay DateJan 5, 2024
Previous Ex-DateDec 28, 2023
Distribution Yield TTM  
Distribution Yield is the Trailing 12-Month End Yield - Morningstar computes this figure by summing the trailing 12-month's income distributions and dividing the sum by the last month's ending Net Asst Value (NAV), plus capital gains distributed over the same time period. Income refers only to interest payments from fixed-income securities and dividend payments from common stocks.

Calculated at month end:
Income

(NAV + Capital Gains)

x 100%

1.31%
SEC Yield (30 Day)--
Fund Profile
Fund TypeExchange Traded FundTotal Assets$63.6M
Inception12/15/2021Gross Expense Ratio1.17%
Total Holdings179Net Expense Ratio0.80%
 
Leveraged Exchange Traded Products

Leveraged 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 Funds

Funds 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

NoPortfolio Turnover286%
 
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 Fund

Environmental, 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 CompanyRayliantActive Semi-transparent 
Active Semi-transparent ETFs

Active 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 
Large-blend portfolios are fairly representative of the overall U.S. stock market in size, growth rates, and price. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of U.S. industries, and owing to their broad exposure, the portfolios� returns are often similar to those of the S&P 500 Index.
Large Blend 
Buffer ETFs

Buffer 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 ETP

Inverse 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  
Quarterly Total Return as of 09/30/2024
 Annualized
Trend
1,5,10 Year
Annualized Returns
Description1 Year5 Year10 YearInception
12/2021
RAYD Market Price
+34.3%----+9.0%
RAYD NAV
+34.9%----+9.3%
Large BlendMorningstar Category
+32.8%+14.3%+11.8%--
S&P 500 TR USDBroad-Based Index
+36.4%+16.0%+13.4%+11.1%
Datasource: Morningstar
All performance periods are based on closing daily prices.
View Performance

Top 10 Holdings as of 11/04/2024

Symbol
Description
% of Net Assets
Sector
YTD
Chg. %
AAPLApple Inc
  • 5.6%
Information T...+15.7%
NVDANVIDIA Corp
  • 5.5%
Information T...+194.0%
MSFTMicrosoft Corp
  • 4.7%
Information T...+11.7%
AMZNAmazon.com Inc
  • 3.3%
Consumer Disc...+36.3%
GOOGLAlphabet Inc Class A
  • 2.8%
Communication...+26.4%
COSTCostco Wholesale Corp
  • 2.4%
Consumer Stap...+36.2%
--Shell PLC
  • 2.1%
Consumer Stap...--
BKNGBooking Holdings Inc
  • 1.9%
Consumer Disc...+41.0%
SPOTSpotify Technology SA
  • 1.9%
Communication...+108.2%
--Allianz SE
  • 1.7%
Communication...--
% of portfolio in top 10 holdings: 31.69%
View Portfolio, All Holdings

Investment Style & Rating

Morningstar Investment Style

Large
MidMarket Cap
Small
ValueBlendGrowth
Investment Style
Style Box is calculated only using the long position holdings of the portfolio.
Large Blend
Large-blend portfolios are fairly representative of the overall U.S. stock market in size, growth rates, and price. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of U.S. industries, and owing to their broad exposure, the portfolios� returns are often similar to those of the S&P 500 Index.

Morningstar Rating

Ratings are not available for RAYD.

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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Large-cap companies are generally more mature and the securities issued by these companies may not be able to reach the same levels of growth as the securities issued by small- or mid-cap companies.

  • Investors in ETFs should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can view, download, and print a prospectus by selecting the "View Prospectus" link at the top of the page. If there are remaining questions, please call 1-800-435-4000. Please read the prospectus carefully before investing.
  • Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
  • Data Source Identification
  • Schwab's Financial and Other Relationships with certain ETFs
  • Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. (Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
(1024-43GF)