- What does RWLC invest in?
- The RWLC is an Exchange-Traded Fund designed to mirror the performance of a strategically chosen basket of large-capitalization U.S. equities. Its selection process integrates a multi-factor approach, which is further refined through advanced machine learning algorithms. The sophisticated model underpinning the ETF leverages over 100 distinct signals, encompassing market-level, fundamental company data, and technical indicators, all drawn from 12 key factor categories. To mitigate risk, strict constraints are imposed on both single-stock concentration and industry exposure, measured against the FT Wilshire US Large Cap Index. The index construction methodology follows a three-step process: initially estimating risk-adjusted returns, followed by the calculation of the covariance matrix, and culminating in optimization for mean tracking error. Reconstitution of the index occurs on a quarterly basis. The data utilized for estimating stock risk-adjusted returns and the covariance matrix is derived from month-end figures, specifically from the month preceding each reconstitution event. Notably, before December 19, 2025, the fund operated under a different structure and name: the actively managed Rayliant Quantitative Developed Market Equity ETF (RAYD).
- What is the expense ratio of RWLC?
- Rayliant NxtGen Multifactor US Equity ETF (RWLC) charges an expense ratio of 0.32%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is RWLC?
- Rayliant NxtGen Multifactor US Equity ETF (RWLC) manages $100.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is RWLC actively managed or an index fund?
- RWLC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was RWLC launched?
- Rayliant NxtGen Multifactor US Equity ETF (RWLC) launched in December 2021 and is managed by Rayliant.
- How has RWLC performed?
- RWLC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
