ETF Evaluator:
Rainwater Equity ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Large-Stock Growth Over the Last Year
| 36.6% | AB Disruptors ETF (FWD) |
| 31.0% | AAM Transformers ETF (TRFM) |
| 27.1% | NYLI Global Equity R&D Leaders ETF (WRND) |
| 24.4% | Capital Group Global Growth Equity ETF (CGGO) |
| 22.4% | Fidelity Disruptive Automation ETF (FBOT) |
Risk
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Risk
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ETF Details
Rainwater Equity ETF Overview
Rainwater Equity ETF (RW) is an actively managed International Equity Global Large-Stock Growth exchange-traded fund (ETF). Rainwater Equity, LLC launched the ETF in 2025.
The investment seeks to achieve long-term capital appreciation.
The fund will seek to invest globally across all market capitalizations (i.e., large-, mid-, and small- capitalization), although the Sub-Adviser expects the portfolio will consist primarily of mid- and large-capitalization companies from developed market countries, including the United States. Under normal circumstances, at least 80% of the fund’s net assets, plus any borrowings for investment purposes, will be invested in equity securities. It is non-diversified.
About Rainwater Equity ETF (RW)
There are 1 members of the management team with an average tenure of 1.12 years: Joseph Shaposhnik (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Rainwater Equity ETF has 35 securities in its portfolio. The top 10 holdings constitute 49.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Rainwater Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. Rainwater Equity ETF has 16.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 77.8% There is 16.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Rainwater Equity ETF has 4.9% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $1 billion average for the Global Large-Stock Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Rainwater Equity ETF expense ratio is high compared to funds in the Global Large-Stock Growth category. Rainwater Equity ETF has an expense ratio of 0.95%, which is 53% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Rainwater Equity ETF has a portfolio turnover rate of 187%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Global Large-Stock Growth category.
Recently, in the month of July 2026, Rainwater Equity ETF returned -1.3%, which earned it a grade of C, as the Global Large-Stock Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Rainwater Equity ETF has a trailing yield of 0.10%, which is below the 0.27% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Rainwater Equity ETF Grades
Year to date, the ETF has returned 1.4%, 2.8 percentage points worse than the category, which translates into a grade of D. The fund has returned -3.4% over the past year (grade of D).
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RW Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RW Return (NAV) | -1.3% | 4.2% | -3.4% | na | na | na |
| RW Return (Price) | -0.9% | 5.9% | -3.5% | na | na | na |
| NAV +/- Price Return | -0.372% | -1.700% | 0.131% | na | na | na |
| Global Large-Stock Growth Avg | -2.7% | 2.1% | 8.9% | 16.9% | 0.0% | 12.8% |
| RW Grade (NAV) | C | B | D | na | na | na |
| +/- Category (NAV) | 1.4% | 2.0% | -12.2% | na | na | na |
| RW Tax-Cost Ratio | na | na | 0.0% | na | na | na |
RW Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RW Return (NAV) | 1.4% | na | na | na | na | na | na | na | na | na | na |
| RW Return (Price) | 1.8% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.252% | na | na | na | na | na | na | na | na | na | na |
| Global Large-Stock Growth Avg | 4.2% | 17.3% | 19.0% | 32.9% | -39.1% | 3.0% | 68.9% | 32.4% | -2.6% | 42.3% | -0.6% |
| RW Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -2.8% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.1% |
| Total Assets: | $ 17 Mil |
| Share Class Assets: | $ 17 Mil |
| Turnover: | 187.0% |
| Expense Ratio: | 0.95% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): Shaposhnik Joseph (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 35 |
| % in Top 10 Holdings: | 49.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 16.1% |
Portfolio Allocation |
|
| Domestic Stock: | 77.8% |
| Foreign Stock: | 16.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.2% |
| Cash: | 4.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rainwater Equity, LLC |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | June 17, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.95% (Rating: High) |
| Category Average Expense Ratio (%): | 0.62% |
