Rayliant NxtGen Multifactor US Equity (RWLC) ETF Holdings & Analysis

What RWLC does

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).

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how RWLC fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does RWLC track?

RWLC is the Rayliant NxtGen Multifactor US Equity ETF, a Other ETF.

What is the expense ratio of RWLC?

Expense ratio data for RWLC is shown on the page when available from our data provider.

What are the largest holdings in RWLC?

Top holdings include AAPL, NVDA, MSFT, GOOGL, MA.

How can PortView analyze RWLC overlap with other ETFs?

PortView computes the holdings overlap between RWLC and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.