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RWIN

GradeDNASDAQ Global Market

Rayliant NxtGen Multifactor International Equity ETF

Factor & Screened Index · Rayliant · Inception 2026-04-07

$27.19−0.41 (−1.49%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Apr 7, 2026.History starts Apr 7, 2026.History starts Apr 7, 2026.
Intraday session: down, 5 prints from 27.60 to 27.19. Range 27.19 to 27.31. Use the arrow keys to read each point.$27.23$27.25$27.27$27.3010 AM12 PM2 PM4 PM
Expense ratio
0.42%
Fund size
$2M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
175
Volume · 30D
0M sh
NAV per share
$27.36
52W range
low $25.47high $28.14

The ETF.net RWIN Grade

D

38/ 100

Rank 23 of 30 in International Multifactor⁠

Confidence Medium

Six-pillar profile for RWIN. Scores out of 100: Cost 31, Risk 93, Mission not scored, Tradability 2, Holdings 41, Durability 20. Strongest: Risk (93). Weakest: Tradability (2). 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. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned38This cap took−0Published score38 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 31
    Category rank21/30 · 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.
    AScore 93
    Category rank1/30 · top 3%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 2
    Category rank30/30 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 41
    Category rank23/30 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 20
    Category rank30/30 · bottom quartile

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

Our read on RWIN

ETF.net Research

DRayliant's quant house fills the gap in its NxtGen lineup: developed markets outside the US, sorted by factor models instead of market cap. It arrived in 2026 charging 0.42% into an aisle stacked with cheap, entrenched rivals.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Completes Rayliant's NxtGen trio. Alongside the firm's US and emerging-markets multifactor funds, it lets you build a global factor sleeve on one shop's models.sec.gov
  2. 02One fee, no fine print. The prospectus fee table shows the 0.42% management fee as the entire tab, with no 12b-1 distribution charge stacked on top.sec.gov
  3. 03Factor-driven, not cap-weighted. Stocks are selected and sized on multifactor signals, so the portfolio doesn't default to whichever foreign mega-caps got biggest.

Worth knowing

  1. 01At 0.42% it prices above the peer median of 0.38% and well above established options like INTF at 0.16% and FDEV at 0.18%. The models have to earn that gap.
  2. 02Small and thinly traded. Spreads can run wide, so execution matters more here than in a mega-fund with constant two-way flow.
  3. 03It opened in 2026, so there's no long live record, and it sits at the back of a peer group led by older, cheaper factor funds with deep asset bases.

RWIN Holdings

As of Sep 20, 2026, 6:24 AM
Asset class
Stocks
Holdings
175
Top-10 weight
21%
Largest holding
6857.T2.8%

Geography

  • Japan23.95%
  • Canada13.68%
  • United Kingdom10.15%
  • Germany9.58%
  • Switzerland8.58%
  • Australia7.22%
  • Netherlands7.11%
  • France6.51%
  • Other countries (13)13.21%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0016857.TAdvantest Corporation2.81%2,739$560K180
002ROP.SWRoche Holding A.G.2.79%1,281$556K196
003CS.PAAXA S.A.2.31%8,949$460K149
004SU.TOSuncor Energy, Inc.2.29%6,554$456K114
005ASML.ASASML Holding N.V.2.24%268$445K194
006ALV.DEAllianz S.E.2.23%869$442K158
0078750.TDaiichi Life Group, Inc.1.83%29,761$363K125
008REP.MCRepsol S.A.1.67%9,780$333K140
009DANSKE.CODanske Bank A/S1.61%5,550$320K135
010POW.TOPower Corp of Canada1.60%4,740$319K78
011RIO.AXRio Tinto Ltd.1.40%2,341$279K126
012VOD.LVodafone Group plc1.40%164,970$279K131
013SAN.PASanofi S.A.1.40%3,271$278K160
014GALD.SWGalderma Group A.G.1.39%1,439$277K131
015RR.LRolls-Royce Holdings plc1.34%13,710$266K148

Showing 1–15 of 169 holdings

RWIN Performance

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

RWIN$10,510
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. RWIN $10,510. SPY $10,415. Use the arrow keys to read each point.$9,724$10,228$10,732Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 RWIN. Periods over one year show the average yearly return.
PeriodRWIN
Year to dateFund launched this year—
1 month−1.1%
3 months+5.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 RWIN
YearReturn barRWIN
2026 YTD+11.5%

Since listing, Apr 7, 2026

RWIN in the news

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

RWIN 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
$0.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 29, 2026 $0.27. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 1, 2026$0.27

RWIN Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; 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 Apr 2026; 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 Apr 2026; 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.
0.02
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.

RWIN Cost

Expense ratio0.42%
  • The middle half of International Multifactor funds
  • Median 0.35%

20 of the 30 International Multifactor funds charge less.

RWIN costs $42.00 a year on $10,000. The median International Multifactor fund costs $35.50.