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CNQQ

GradeDNASDAQ Global Market

Rayliant-ChinaAMC Transformative China Tech ETF

Countries & Regions · Rayliant · Inception 2025-09-24

$22.65−0.51 (−2.18%)

As of Sep 23, 2026, 2:10 PM EDT

History starts Sep 24, 2025.History starts Sep 24, 2025.
Intraday session: down, 19 prints from 23.15 to 22.65. Range 22.60 to 22.77. Use the arrow keys to read each point.$22.60$22.70$22.7510 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$48M
1Y return
Yield · Last 12 months
Data unavailable
Holdings
104
Volume · 30D
0M sh
NAV per share
$22.64
52W range
low $21.24high $26.79

The ETF.net CNQQ Grade

D

38/ 100

Rank 27 of 30 in China

Confidence Medium

Six-pillar profile for CNQQ. Scores out of 100: Cost 29, Risk 52, Mission not scored, Tradability 31, Holdings 56, Durability 37. Strongest: Holdings (56). Weakest: Cost (29). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 29
    Category rank22/30 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank16/30 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 31
    Category rank22/30 · mid-pack
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 56
    Category rank15/28 · mid-pack
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    Category rank22/30 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on CNQQ

ETF.net Research

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

  1. 01Not 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.
  2. 02Passive by design: the index picks the holdings, not a manager's conviction, so the rulebook you own is published rather than discretionary.
  3. 03A US-listed 1940 Act fund giving mainland China and Hong Kong equity exposure in dollars, with distributions paid quarterly.

Worth knowing

  1. 01At 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%.
  2. 02A small, lightly traded fund, so spreads and premiums or discounts can run wider than at the category's household names.
  3. 03It 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

As of Sep 20, 2026, 6:24 AM
Asset class
Stocks
Holdings
104
Top-10 weight
46%
Largest holding
9988.HK9.1%

Geography

  • China99.58%
  • Hong Kong0.42%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0019988.HKAlibaba Group Holding Ltd.9.13%286,797$4M128
0020700.HKTencent Holdings Ltd.8.46%69,293$4M153
003300308.SZZhongji Innolight Company Ltd.6.77%21,400$3M93
004300750.SZContemporary Amperex Technology Company Ltd.5.58%54,100$2M107
0051810.HKXiaomi Corporation3.44%447,020$2M96
0063690.HKMeituan2.99%140,149$1M104
007688256.SSCambricon Technologies Corp Ltd.2.92%7,674$1M68
008300502.SZEoptolink Technology Inc Ltd.2.51%16,500$1M78
0099999.HKNetEase, Inc.2.41%45,040$1M115
010002371.SZNAURA Technology Group Company Ltd.2.23%9,500$974K81
011688012.SSAdvanced Micro-Fabrication Equipment Inc China2.06%17,042$903K70
012603986.SSGigaDevice Semiconductor, Inc.2.00%15,100$875K60
013688041.SSHygon Information Technology Company Ltd.1.76%21,400$771K63
014688008.SSMontage Technology Company Ltd.1.71%24,800$750K66
015600183.SSShengyi Technology Company Ltd.1.49%30,300$651K58

Showing 1–15 of 102 holdings

CNQQ Performance

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

CNQQ$9,988
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. CNQQ $9,988. SPY $11,430. Use the arrow keys to read each point.$9,059$10,394$11,728Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−0.1%
1 month−2.3%
3 months−12.4%
1 yearFund is under 1 year old
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, 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−0.1%
2025−6.9%

Since listing, Sep 24, 2025

CNQQ in the news

ETF.net Research hasn’t filed on CNQQ yet — coverage lands here as it’s written.

CNQQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.0057 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 5 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. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
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

CNQQ Risk

How much the fund’s monthly returns vary, scaled to a year.
Launched Sep 2025; fills in after 12 months
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.
Launched Sep 2025; fills in after 12 months
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.
Launched Sep 2025; fills in after 12 months
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.
0.97
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.

CNQQ Cost

Expense ratio0.75%
  • The middle half of China funds
  • Median 0.65%

19 of the 28 China funds charge less.

CNQQ costs $75.00 a year on $10,000. The median China fund costs $65.00.