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Launched · SEC filings

Rayliant NxtGen Multifactor US Equity ETF

RWLCNYSE ArcaRayliantC

$38.51+0.29 (+0.76%)

As of Nov 2, 2026, 12:50 PM ET

C46/ 100

Rank 19 of 29 in US Large-Cap

C46/100Rank 19 of 29inUS Large-Cap
Intraday session: up, 35 prints from 38.22 to 38.51. Range 38.22 to 38.59. Use the arrow keys to read each point.38.3038.4038.6010 AM12 PM2 PM4 PM
Expense ratio
0.32%
Fund size
$101M
1Y total return
+16.0%
Yield · Last 12 months
12.79%
Holdings
107
Avg volume · 30D
7.31K sh
52W range
low $31.10high $41.40
Launched
Filings
SEC EDGAR

The ETF.net RWLC Grade

C

Score 46 out of 100

Category
US Large-Cap⁠
Rank
19 of 29
Six-pillar profile for RWLC. Scores out of 100: Cost 36, Risk 54, Mission 63, Tradability 25, Holdings 53, Durability 46. Strongest: Mission (63). Weakest: Tradability (25). Leans toward Mission.

Score 46 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.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D36 out of 100
    Rank 19 of 29

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B63 out of 100
    Rank 21 of 22

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 12 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D25 out of 100
    Rank 26 of 29

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C53 out of 100
    Rank 18 of 28

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 20 of 29

Our read on RWLC

ETF.net Research

In short

CA boutique quant shop's swing at US large caps: RWLC follows the FT Wilshire US Large NxtGen Index, a published multifactor rulebook rather than a plain cap-weighted list, and charges the category's middle price to do it.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  • 0.32% expense ratio, right at the median for US multifactor ETFs. The rules-based tilt costs no more than the typical competitor in the group.
  • The stock picks come from an outside index provider (the FT Wilshire US Large NxtGen Index), so the selection rules are published rather than left to a manager's mood.
  • Simple plumbing: a standard 1940 Act US equity fund with one stated goal, long-term capital appreciation, and no structural red flags in the wrapper.
  • Live since 2021, so there is a multi-year record of the strategy running with real money, not just a backtest of the index.

Worth knowing

  • Small and thinly traded next to the category's giants. Spreads can be wider, which makes limit orders and mid-session trading worth the extra care.
  • The peer shelf includes broad, deeply cheap alternatives such as VONV, VYM and IUSG at single-digit basis points. You are paying up for the factor rulebook.
  • Distributions land annually or semiannually, not monthly, so this is a growth-mandate fund rather than an income schedule.

RWLC Holdings

Holdings pillarC53 out of 100Rank 18 of 28 in US Large-Cap
Asset class
Stocks
Holdings
107
Top-10 weight
37%
Largest holding
AAPL9.5%

Sectors

  • Technology42.7%
  • Health Care12.6%
  • Financials12.2%
  • Communication9.4%
  • Consumer Discretionary8.7%
  • Energy5.9%
  • Consumer Staples4.1%
  • Materials1.9%
  • Industrials1.9%
  • Real Estate0.7%

Geography

  • United States99.28%
  • Switzerland0.72%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AAPLApple Inc9.48%26,790$9.35M723
2NVDANVIDIA Corp6.17%28,492$6.09M848
3MSFTMicrosoft Corp3.94%7,324$3.88M819
4MAMastercard Inc - A2.92%4,529$2.88M531
5GOOGLAlphabet Inc-Cl A2.78%9,668$2.74M707
6LLYEli Lilly & Co2.62%1,881$2.58M593
7MUMicron Technology Inc2.39%2,528$2.36M686
8GOOGAlphabet Inc-Cl C2.39%8,343$2.36M480
9GILDGilead Sciences Inc2.31%13,782$2.28M494
10AMZNAmazon.com Inc2.22%8,961$2.18M738
11MOAltria Group Inc2.10%26,925$2.07M376
12MPCMarathon Petroleum Corp1.89%4,306$1.86M410
13MCKMckesson Corp1.80%1,805$1.77M371
14VLOValero Energy Corp1.74%4,455$1.71M408
15LRCXLam Research Corp1.73%6,700$1.7M603

Showing 1–15 of 107 holdings

RWLC Performance

Launched Dec 15, 2021

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.
RWLC$11,597
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. RWLC $11,597. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 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 RWLC. Periods over one year show the average yearly return.
PeriodRWLC
Year to date+14.8%
1 month−1.0%
3 months+1.0%
1 year+16.0%
3 yearsper year+25.6%
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 RWLC
YearReturn barRWLC
2026 YTD+14.8%
2025+20.1%
2024+28.6%
2023+14.4%
2022−12.4%

RWLC in the news

RWLC 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 30, 2026.
12.79%Last 12 months
Payout per share
$4.88Last 12 months
Last payment
$4.88 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 28, 2022 $0.31; Dec 28, 2023 $0.41; Dec 30, 2024 $0.31; Dec 30, 2025 $4.88. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 7, 2026$4.88
Dec 30, 2024Jan 7, 2025$0.31
Dec 28, 2023Jan 5, 2024$0.41
Dec 28, 2022Jan 6, 2023$0.31
Dec 29, 2021Jan 6, 2022No data

$10,000 in RWLC 3 years ago paid $2,403 in dividends.

RWLC Risk

Risk pillarC54 out of 100Rank 12 of 29 in US Large-Cap
How much the fund’s monthly returns vary, scaled to a year.
11.1%
Annualised · 36 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.
1.73
vs 3-month T-bills · 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.
−21.0%
58 months · trough Sep 2022
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.
0.85
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.

RWLC Cost

Compare RWLC and BKLC

Overpaying vs BKLC, cheapest in US Large-Cap

$6,542

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

  • RWLC 0.32%

    $6,542

  • BKLC 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • RWLC 0.32%
  • BKLC 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530RWLC $6,542BKLC $0

Year by year

YearRWLCBKLCOverpaying
10$580$0$580
20$2,250$0$2,250
30$6,542$0$6,542

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