EPS vs RWLC

EPSAWisdomTree U.S. LargeCap Fund

RWLCCRayliant NxtGen Multifactor US Equity ETF

In short

EPS Large-cap core with a profit filter. Roughly 500 U.S. companies, all of them earnings generators, tracked since 2007 for 0.08% a year. Same plumbing as a plain index fund, with a screen most of them skip.

RWLC A 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

EPS The fund seeks to track earnings-generating large-cap companies in the U.S. equity market.

RWLC The Fund seeks long-term capital appreciation.

Why people hold it

• EPS The screen is the whole point: the index holds large U.S. companies that actually generate earnings, so unprofitable names do not ride in on market cap alone.wisdomtree.com
• 0.08% a year, under the median for its large-cap peer group, and it still spreads across roughly 500 stocks.
• Running since 2007 and now a multi-billion-dollar fund, it has tracked its index tightly and ranks in the top quartile of its large-cap cohort.
• Pays out quarterly, the standard cadence for a core equity holding.

• RWLC 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

• EPS It trades thinly for the category, so bid-ask spreads can run wider than the heavily traded core names in the group.
• Cheaper shelf-mates exist: SCHX and VV charge 0.03%, BKLC charges nothing. The earnings screen is what the extra basis points buy.
• Screening on earnings means the portfolio can look different from a plain cap-weighted large-cap index, and its results will drift from that benchmark in both directions.

• RWLC 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.

Full EPS profile⁠

Full RWLC profile⁠