ETF Evaluator:
Rayliant NxtGen Mltfct Intl Eq ETF ()
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(as of Aug 25)
Best Performing in Foreign Large Blend Over the Last Year
| 53.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.0% | Touchstone Dynamic International ETF (TDI) |
| 36.8% | Harbor International Equity ETF (EPIN) |
| 34.8% | First Eagle Overseas Equity ETF (FEOE) |
| 33.8% | Lazard International Dynamic Equity ETF (IDEQ) |
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ETF Details
Rayliant NxtGen Mltfct Intl Eq ETF Overview
Rayliant NxtGen Mltfct Intl Eq ETF (RWIN) is an actively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Rayliant launched the ETF in 2026.
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 companies in developed markets, excluding the United States. It may invest in securities of companies with any market capitalization but the adviser intends to focus on large-capitalization securities.
About Rayliant NxtGen Mltfct Intl Eq ETF (RWIN)
There are 2 members of the management team with an average tenure of 0.32 years: Jason Hsu (2026) and Phillip Wool (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: FT Wilshire Dev x US Large NxtGen TR USD index with a weighting of 100%. Rayliant NxtGen Mltfct Intl Eq ETF has 170 securities in its portfolio. The top 10 holdings constitute 19.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Rayliant NxtGen Mltfct Intl Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. Rayliant NxtGen Mltfct Intl Eq ETF has 96.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.4% There is 96.9% 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). Rayliant NxtGen Mltfct Intl Eq ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $9 billion average for the Foreign Large Blend 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.
RWIN 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 Rayliant NxtGen Mltfct Intl Eq ETF expense ratio is average compared to funds in the Foreign Large Blend category. Rayliant NxtGen Mltfct Intl Eq ETF has an expense ratio of 0.42%, which is 6% higher than its category average, making the fund expense ratio grade a C. 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. Rayliant NxtGen Mltfct Intl Eq ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Rayliant NxtGen Mltfct Intl Eq ETF returned 3.6%, which earned it a grade of A, as the Foreign Large Blend category had an average return of 1.1%. 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.
Rayliant NxtGen Mltfct Intl Eq ETF has a trailing yield of 0.00%, which is below the 2.56% 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.
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RWIN 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 |
|
| RWIN Return (NAV) | 3.6% | 5.6% | na | na | na | na |
| RWIN Return (Price) | 3.4% | 5.4% | na | na | na | na |
| NAV +/- Price Return | 0.162% | 0.181% | na | na | na | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| RWIN Grade (NAV) | A | B | na | na | na | na |
| +/- Category (NAV) | 2.5% | 1.2% | na | na | na | na |
| RWIN Tax-Cost Ratio | na | na | na | na | na | na |
RWIN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RWIN Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| RWIN Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| RWIN Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | 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: | -- |
| Total Assets: | $ 2 Mil |
| Share Class Assets: | $ 2 Mil |
| Turnover: | na |
| Expense Ratio: | 0.42% |
| Index Fund: | No |
| Index Tracked: | FT Wilshire Dev x US Large NxtGen TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Hsu Jason (2026), Wool Phillip (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 170 |
| % in Top 10 Holdings: | 19.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.9% |
Portfolio Allocation |
|
| Domestic Stock: | 2.4% |
| Foreign Stock: | 96.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rayliant |
| Phone Number: | 866-949-4945 |
| Website: | |
| Inception Date: | April 7, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.42% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.40% |
