ETF Evaluator:
Rayliant NxtGen Multifactor US Eq ETF ()
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(as of Aug 26)
Best Performing in Global Large-Stock Blend Over the Last Year
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ETF Details
Rayliant NxtGen Multifactor US Eq ETF Overview
Rayliant NxtGen Multifactor US Eq ETF (RWLC) is an actively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). Rayliant launched the ETF in 2021.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of issuers located in the United States. The equity securities in which it invests are primarily common stocks and depositary receipts, including unsponsored depositary receipts, but may also include preferred stocks, real estate investment trusts (“REITs”), exchange-traded funds (“ETFs”), and securities of other investment companies.
About Rayliant NxtGen Multifactor US Eq ETF (RWLC)
There are 2 members of the management team with an average tenure of 4.63 years: Jason Hsu (2021) and Phillip Wool (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. Rayliant NxtGen Multifactor US Eq ETF has 114 securities in its portfolio. The top 10 holdings constitute 36.7% 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 Multifactor US Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. Rayliant NxtGen Multifactor US Eq ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.9% There is 0.7% 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 Multifactor US Eq ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $98 million in total assets, which is below the $2 billion average for the Global Large-Stock 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.
RWLC 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 Multifactor US Eq ETF expense ratio is below average compared to funds in the Global Large-Stock Blend category. Rayliant NxtGen Multifactor US Eq ETF has an expense ratio of 0.32%, which is 35% lower than its category average, making the fund expense ratio grade a B. 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 Multifactor US Eq ETF has a portfolio turnover rate of 318%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, Rayliant NxtGen Multifactor US Eq ETF returned 0.9%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of 0.0%. 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 Multifactor US Eq ETF has a trailing yield of 0.52%, which is below the 1.66% category average.
The fund normally distributes its income 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.
Rayliant NxtGen Multifactor US Eq ETF Grades
Year to date, the ETF has returned 13.7%, 4.5 percentage points better than the category, which translates into a grade of A. The fund has returned 18.7% over the past year (grade of C) and 22.1% over the past three years (grade of A).
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RWLC 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 |
|
| RWLC Return (NAV) | 0.9% | 7.3% | 18.7% | 22.1% | na | na |
| RWLC Return (Price) | 0.7% | 7.4% | 18.3% | 22.2% | na | na |
| NAV +/- Price Return | 0.243% | -0.073% | 0.481% | -0.122% | na | na |
| Global Large-Stock Blend Avg | 0.0% | 3.1% | 19.1% | 15.1% | 8.5% | 11.5% |
| RWLC Grade (NAV) | B | A | C | A | na | na |
| +/- Category (NAV) | 0.9% | 4.2% | -0.4% | 6.9% | na | na |
| RWLC Tax-Cost Ratio | na | na | 4.3% | 1.8% | na | na |
RWLC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RWLC Return (NAV) | 13.7% | 20.1% | 28.0% | 15.5% | -12.7% | na | na | na | na | na | na |
| RWLC Return (Price) | 13.7% | 20.1% | 28.6% | 14.4% | -12.4% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.005% | -0.003% | 0.020% | -0.069% | -0.023% | na | na | na | na | na | na |
| Global Large-Stock Blend Avg | 9.2% | 20.4% | 13.8% | 18.7% | -17.7% | 17.3% | 18.3% | 26.8% | -9.1% | 23.4% | 8.1% |
| RWLC Grade (NAV) | A | C | A | D | B | na | na | na | na | na | na |
| +/- Category | 4.5% | -0.3% | 14.3% | -3.2% | 5.0% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.86 |
| R-Squared: | 84% |
| Standard Deviation: | 11.9% |
| Category Risk Index: | 0.89 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.97 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 98 Mil |
| Share Class Assets: | $ 98 Mil |
| Turnover: | 318.0% |
| Expense Ratio: | 0.32% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.6 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): Hsu Jason (2021), Wool Phillip (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 114 |
| % in Top 10 Holdings: | 36.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.9% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rayliant |
| Phone Number: | 866-898-1688 |
| Website: | |
| Inception Date: | December 15, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.32% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.49% |
