# Rayliant NxtGen Multifactor US Equity ETF (RWLC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rwlc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Rayliant · Asset class: Equity - Strategy: Single-Stock · Inception: 2021-12-15 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... ## Key Facts | Metric | Value | |---|---| | Price | $37.37 | | Expense Ratio | 0.32% | | Assets Under Management | $100.8M | | NAV | $37.03 (2026-11-06 close) | | Holdings Count | 113 | | Distribution Yield (TTM) | 13.05% | | Annual Distribution (TTM) | $4.88 /share | | Distribution Frequency | Annual | | 52-Week Range | $31.10 – $41.40 | | Beta | 0.85 | ## Latest Distribution - Amount: $4.8761 /share - Ex-date: 2025-12-30 - Pay date: 2026-01-07 ## Frequently Asked Questions ### 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. ### Does RWLC pay a dividend? Rayliant NxtGen Multifactor US Equity ETF (RWLC) currently distributes little or no income. Trailing-twelve-month yield is 13.05%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RWLC pay dividends? Rayliant NxtGen Multifactor US Equity ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RWLC's dividend yield? RWLC's trailing-twelve-month yield is 13.05%, calculated from the sum of dividends over the past year divided by the current price. ### When is RWLC's next ex-dividend date? The most recently announced ex-dividend date for RWLC was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RWLC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.32% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RWLC charge its expense ratio? The expense ratio is deducted in tiny daily slices from RWLC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RWLC cost more than a fund like VOO? RWLC's strategy (current expense ratio 0.32%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where RWLC sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to RWLC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RWLC (0.32%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rwlc - Distribution history: https://www.dividenddata.com/funds/rwlc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rwlc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rwlc/expenses - Peer comparison: https://www.dividenddata.com/funds/rwlc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.