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Launched

Rainwater Equity ETF

RWNYSE ArcaF

$24.97+0.11 (+0.45%)

As of Oct 13, 2026, 3:59 PM

F15/ 100

Rank 8 of 9 in Global Active Growth

F15/100Rank 8 of 9inGlobal Active Growth
Intraday session: up, 7 prints from 24.86 to 24.97. Range 24.86 to 25.03. Use the arrow keys to read each point.24.9024.9525.0010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$16M
1Y total return
−0.1%
Yield · Last 12 months
0.00%
Holdings
34
Avg volume · 30D
0M sh
NAV per share
$24.85
52W range
low $21.25high $27.00
Launched

The ETF.net RW Grade

F

Score 15 out of 100

Category
Global Active Growth⁠
Rank
8 of 9
Six-pillar profile for RW. Scores out of 100: Cost 7, Risk 15, Mission 46, Tradability 12, Holdings 32, Durability 37. Strongest: Mission (46). Weakest: Cost (7). Leans toward Mission.

Score 15 of 100 falls in the F 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.
    F7 out of 100
    Rank 9 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C46 out of 100
    Rank 2 of 2

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F15 out of 100
    Rank 8 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F12 out of 100
    Rank 9 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 7 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 8 of 9

Our read on RW

ETF.net Research

FRainwater's swing at global growth: an active, conviction-sized book of companies whose management teams push cash flow higher, measured against the S&P 500. New, small, and priced like a boutique at 1.25%.

Stated mandate

The Fund seeks long-term capital appreciation. It is actively managed and invests in companies the sub-adviser considers well positioned for durable growth, with management teams focused on increasing cash flow over the long term.

Why people hold it

  1. 01One clear filter: companies the sub-adviser sees positioned for durable growth, run by managers focused on rising cash flow. Global, go-anywhere, no index to hug.
  2. 02The stated yardstick is the S&P 500, not a niche global blend. That makes it unusually easy to judge whether the stock picking is doing work.
  3. 03Conviction is the design, not a side effect: a growth-tilted active portfolio built to look different from a broad global index rather than track one.

Worth knowing

  1. 01The 1.25% expense ratio sits above much of the active global growth shelf, including CGGO at 0.47% and TMFG at 0.85%. Stock picking has to clear that bar.
  2. 02Small fund, thin tape. Spreads can widen and size can move the price, so limit orders are the sane default.
  3. 03Launched in 2025, so the record is short. Distributions come once or twice a year at most: this is a capital appreciation mandate, not an income one.

RW Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
34
Top-10 weight
52%
Largest holding
First American Government Obligations Fund 12/01/203111.6%

Sectors

  • Industrials36.7%
  • Technology27.9%
  • Financials13.7%
  • Health Care6.8%
  • Consumer Staples5.1%
  • Communication3.8%
  • Materials3.2%
  • Consumer Discretionary2.9%

Geography

  • United States82.99%
  • United Kingdom7.29%
  • Sweden3.57%
  • Canada3.27%
  • Israel2.88%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/203111.59%1,902,108$2M529
002BRK.BBerkshire Hathaway Inc6.53%2,066$1M365
003DPLM.LDiploma PLC6.35%10,083$1M95
004HEIHEICO Corp5.06%2,782$830K186
005AAPLApple Inc4.82%2,345$790K715
006LOARLoar Holdings Inc4.33%11,366$710K85
007AMEAMETEK Inc3.60%2,387$590K316
008MTDMettler-Toledo International Inc3.42%359$560K273
009GOOGLAlphabet Inc3.36%1,552$550K709
010MAMastercard Inc3.23%905$530K526
011—AddTech AB2.93%14,845$480K2
012NIQNIQ Global Intelligence Plc2.93%26,627$480K57
013PLTRPalantir Technologies Inc2.81%2,206$460K525
014APDAir Products and Chemicals Inc2.81%1,624$460K284
015CSXCSX Corp2.68%9,303$440K383

Showing 1–15 of 34 holdings

RW Performance

Launched Jun 17, 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.
RW$9,992
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. RW $9,992. SPY $12,044. Use the arrow keys to read each point.$8,666$10,488$12,310Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 RW. Periods over one year show the average yearly return.
PeriodRW
Year to date0.0%
1 month+0.8%
3 months−1.7%
1 year−0.1%
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 RW
YearReturn barRW
2026 YTD0.0%
2025−0.1%

History from Jun 18, 2025

RW in the news

No ETF.net Research article names RW yet.

RW 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 Oct 12, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 1 payment in 2025. Sep 29, 2025 $0.03. Use the arrow keys to read each point.2025
Ex-datePay dateAmount per share
Sep 29, 2025Sep 30, 2025$0.03

RW Risk

How much the fund’s monthly returns vary, scaled to a year.
12.5%
Annualised · 15 months to Sep 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.
−0.65
vs 3-month T-bills · 15 months to Sep 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.
−17.0%
15 months · trough Mar 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.
0.90
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.

RW Cost

Expense ratio0.95%
  • The middle half of Global Active Growth funds
  • Median 0.78%

Every other Global Active Growth fund charges less.

RW costs $95.00 a year on $10,000. The median Global Active Growth fund costs $78.00.

Other funds in Global Active Growth

See others