Skip to content
etf.net

Launched · SEC filings

Rayliant NxtGen Multifactor International Equity ETF

RWINNasdaqC

$26.83−0.02 (−0.07%)

At close: Oct 13, 2026, 4:00 PM

C40/ 100

Rank 22 of 30 in International Multifactor

C40/100Rank 22 of 30inInternational Multifactor
Intraday session: down, 4 prints from 26.85 to 26.83. Range 26.73 to 26.83. Use the arrow keys to read each point.26.7326.7526.7726.8010 AM12 PM2 PM4 PM
Expense ratio
0.42%
Fund size
$20M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
173
Avg volume · 30D
0M sh
NAV per share
$26.64
52W range
low $25.00high $28.14
Launched
Filings
SEC EDGAR

The ETF.net RWIN Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
International Multifactor⁠
Rank
22 of 30
Six-pillar profile for RWIN. Scores out of 100: Cost 31, Risk 84, Mission not scored, Tradability 23, Holdings 40, Durability 20. Strongest: Risk (84). Weakest: Durability (20). Based on 5 of 6 pillars.

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

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
41
This cap took
−1
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D31 out of 100
    Rank 21 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.
    A84 out of 100
    Rank 2 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 26 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 23 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F20 out of 100
    Rank 30 of 30

Our read on RWIN

ETF.net Research

CRayliant'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 Oct 13, 2026
Asset class
Stocks
Holdings
173
Top-10 weight
20%
Largest holding
ROP.SW2.7%

Geography

  • Japan24.38%
  • Canada13.58%
  • Germany10.04%
  • United Kingdom9.86%
  • Switzerland8.59%
  • Netherlands7.10%
  • Australia6.47%
  • France6.19%
  • Other countries (14)13.80%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ROP.SWRoche Holding A.G.2.72%1,261$545K199
002ASML.ASASML Holding N.V.2.35%267$470K195
003SU.TOSuncor Energy, Inc.2.30%6,371$460K108
0046857.TAdvantest Corporation2.15%1,639$431K179
005CS.PAAxa S.a.2.12%9,069$424K146
006ALV.DEAllianz S.E.2.06%877$412K158
0078750.TDaiichi Life Group, Inc.1.73%30,661$346K127
0088725.TMS&AD Insurance Group Holdings, Inc.1.68%10,900$337K140
009REP.MCRepsol S.A.1.60%9,780$319K138
010BAS.DEBasf S.e.1.52%5,323$305K111
011DANSKE.CODanske Bank A/S1.52%5,666$304K135
012POW.TOPower Corp of Canada1.48%4,740$296K78
013RIO.AXRio Tinto Ltd.1.36%2,374$273K128
0146098.TRecruit Holdings Company Ltd.1.36%2,429$272K169
015SPOTSpotify Technology S.A.1.33%503$267K183

Showing 1–15 of 173 holdings

RWIN Performance

Launched Apr 7, 2026

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.Not enough history yet.Not enough history yet.
RWIN$10,081
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. RWIN $10,081. SPY $10,332. Use the arrow keys to read each point.$9,590$10,112$10,634Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – 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 RWIN. Periods over one year show the average yearly return.
PeriodRWIN
Year to dateFund launched this year—
1 month−3.2%
3 months+0.8%
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 RWIN
YearReturn barRWIN
2026 YTD+8.0%

Since listing, Apr 7, 2026

RWIN in the news

No ETF.net Research article names RWIN yet.

RWIN Dividends

Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 29, 2026 $0.27; Sep 29, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Oct 1, 2026$0.05
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.

Other funds in International Multifactor

See others