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Launched

Rayliant-ChinaAMC Transformative China Tech ETF

CNQQNasdaqRayliantD

$18.32+0.16 (+0.88%)

At close: Nov 2, 2026, 4:00 PM ET

D34/ 100

Rank 28 of 30 in China

D34/100Rank 28 of 30inChina
Intraday session: up, 79 prints from 18.16 to 18.32. Range 18.32 to 18.61. Use the arrow keys to read each point.18.4018.5018.6010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$44M
1Y total return
−24.8%
Yield · Last 12 months
No data
Holdings
100
Avg volume · 30D
11.5K sh
52W range
low $18.04high $26.79
Launched

The ETF.net CNQQ Grade

Based on 5 of 6 pillars

D

Score 34 out of 100

Category
China⁠
Rank
28 of 30
Six-pillar profile for CNQQ. Scores out of 100: Cost 28, Risk 42, Mission not scored, Tradability 20, Holdings 63, Durability 38. Strongest: Holdings (63). Weakest: Tradability (20). Based on 5 of 6 pillars.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 22 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C42 out of 100
    Rank 19 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 28 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 12 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D38 out of 100
    Rank 21 of 30

Our read on CNQQ

ETF.net Research

In short

DA thematic slice of China tech instead of the whole market: CNQQ tracks a Solactive index built with ChinaAMC around companies driving China's tech transformation, across mainland China and Hong Kong.

Stated mandate

The Fund seeks to track, before fees and expenses, the Solactive ChinaAMC Transformative China Tech Index.

Why people hold it

  • Not another all-of-China index fund. It follows the Solactive ChinaAMC Transformative China Tech Index, a rules-based screen pointed at China's tech transformers.
  • Passive by design: the index picks the holdings, not a manager's conviction, so the rulebook you own is published rather than discretionary.
  • A US-listed 1940 Act fund giving mainland China and Hong Kong equity exposure in dollars, with distributions paid quarterly.

Worth knowing

  • At 0.75%, it sits above the median fee for China single-country funds. Broad alternatives cost far less: FLCH at 0.19%, JCHI at 0.15%.
  • A small, lightly traded fund, so spreads and premiums or discounts can run wider than at the category's household names.
  • It launched in September 2025, so the record of how closely it hugs its index is still short, and a concentrated tech theme moves harder than broad China exposure.

CNQQ Holdings

Holdings pillarB63 out of 100Rank 12 of 29 in China
Asset class
Stocks
Holdings
100
Top-10 weight
44%
Largest holding
9988.HK9.2%

Geography

  • China97.44%
  • Hong Kong2.35%
  • United States0.21%

Developed 2% · Emerging 98% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
19988.HKAlibaba Group Holding Ltd.9.20%265,797$3.26M124
20700.HKTencent Holdings Ltd.8.73%64,193$3.09M152
3300308.SZZhongji Innolight Company Ltd.5.07%20,500$1.8M92
4300750.SZContemporary Amperex Technology Company Ltd.4.83%49,600$1.71M108
51810.HKXiaomi Corporation3.82%412,620$1.35M98
63690.HKMeituan3.23%129,449$1.14M105
7688256.SSCambricon Technologies Corp Ltd.2.90%7,474$1.03M69
89999.HKNetEase, Inc.2.59%41,740$917K116
9002594.SZBYD Company Ltd.1.93%55,000$683K65
10002371.SZNAURA Technology Group Company Ltd.1.92%9,100$681K77
11000333.SZMidea Group Company Ltd.1.92%51,500$678K70
12600276.SSJiangsu Hengrui Medicine Company Ltd.1.69%81,800$599K64
13603986.SSGigaDevice Semiconductor, Inc.1.69%14,400$598K60
14688008.SSMontage Technology Company Ltd.1.65%23,200$582K68
15688041.SSHygon Information Technology Company Ltd.1.61%20,400$571K62

Showing 1–15 of 100 holdings

CNQQ Performance

Launched Sep 24, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CNQQ$7,518
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CNQQ $7,518. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CNQQ. Periods over one year show the average yearly return.
PeriodCNQQ
Year to date−21.7%
1 month−15.6%
3 months−22.8%
1 year−24.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CNQQ
YearReturn barCNQQ
2026 YTD−21.7%
2025−6.9%

Since listing, Sep 24, 2025

CNQQ in the news

CNQQ Dividends

Last payment
$0.0033 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.02; Apr 29, 2026 $0.02; May 28, 2026 $0.02; Jun 29, 2026 $0.03; Jul 30, 2026 $0.0057; Sep 29, 2026 $0.0033. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Oct 1, 2026$0.0033
Jul 30, 2026Aug 3, 2026$0.0057
Jun 29, 2026Jul 1, 2026$0.03
May 28, 2026Jun 1, 2026$0.02
Apr 29, 2026May 1, 2026$0.02
Dec 23, 2025Dec 26, 2025$0.02

$10,000 in CNQQ 1 year ago paid $39.59 in dividends.

CNQQ Risk

Risk pillarC42 out of 100Rank 19 of 30 in China
How much the fund’s monthly returns vary, scaled to a year.
24.9%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.27
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−32.1%
13 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.02
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CNQQ Cost

Compare CNQQ and FLCH

Overpaying vs FLCH, cheapest in China

$10,530

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CNQQ 0.75%

    $14,482

  • FLCH 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • CNQQ 0.75%
  • FLCH 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CNQQ $14,482FLCH $3,952

Year by year

YearCNQQFLCHOverpaying
10$1,336$347$989
20$5,078$1,351$3,727
30$14,482$3,952$10,530

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