Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Solactive ChinaAMC Transformative China Tech Index. The fund invests at least 80% of its total assets in securities comprising the underlying index or participatory notes representing such securities; the index consists of approximately 100 Chinese and Hong Kong-listed companies selected from about 300 eligible issuers headquartered or incorporated in China or Hong Kong, focusing on transformative technology sectors including Automotive and Transportation, Commercial and Consumer Service Technology, Electronics and Electrical Products, Health Technology, Industrial and Manufacturing Technology, and Digital Technology and Software. Top holdings include Tencent Holdings Ltd. (10.40%), Alibaba Group Holding Ltd. (9.55%), Contemporary Amperex Technology Co. Ltd. (6.58%), Xiaomi Corp. (5.63%), and Meituan (4.28%), with the fund employing a full replication methodology and semi-annual reconstitution based on adjusted market capitalization, research and development expenditures, and innovation metrics; it trades on NASDAQ with a total annual operating expense ratio of 0.75% and a CUSIP of 754640100. Launched on September 24, 2025, as part of Rayliant Funds Trust, the ETF operates from Rayliant Investment Research's headquarters at 5140 Birch Street, Suite 300, Newport Beach, California 92660, with Rayliant serving as investment adviser and portfolio manager alongside ChinaAMC, China's largest ETF provider. In September 2025, Rayliant and ChinaAMC announced and introduced CNQQ as their first U.S.-listed fund from a long-standing partnership, marking a strategic expansion into providing U.S. investors access to high-quality, factor-based Chinese technology growth stocks akin to a "China Nasdaq 100," encompassing mainland A-shares via Stock Connect and Hong Kong listings amid surging trading volumes in China's tech benchmarks.