Rayliant Quantitative Developed Market Equity ETF
RAYD
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- Rayliant Quantitative Developed Market Equity ETF (RAYD) is an actively managed exchange-traded fund that applies advanced quantitative methodologies, including elements of behavioral finance and data science, to select and weight equity securities from developed markets worldwide, with a primary focus on the US and other developed stock markets; it invests at least 80% of its net assets in common stocks, depositary receipts (including unsponsored), preferred stocks, exchange-traded funds, and securities of other investment companies, targeting companies of any market capitalization but emphasizing mid- and large-cap issuers for long-term capital appreciation. Top holdings as of December 2025 include NVIDIA Corp (5.34%), Microsoft Corp (4.67%), Alphabet Inc Class A (4.35%), Amazon.com Inc (3.17%), and Mastercard Inc Class A (3.00%), with portfolio allocations spanning the United States (majority), Britain, Japan, and other developed regions. Launched on December 15, 2021, and listed on the NYSE under ticker RAYD with CUSIP 00775Y728 and a net expense ratio of 0.80%, the ETF is advised by Rayliant Global Advisors LLC (formerly Rayliant Quantitative Equity US Holdings LLC), a Newport Beach, California-headquartered asset manager founded in 2016 that operates globally with offices in the US, China, UK, and Taiwan, serving institutional, high-net-worth, and advisor clients through quantamental strategies in equities, alternatives, and outsourced investment solutions. Rayliant manages a suite of complementary ETFs, including Rayliant Quantamental China Equity ETF (RAYC), Rayliant Quantamental Emerging Markets ex-China Equity ETF (RAYE), and the recently launched Rayliant SMDAM Japan Equity ETF (RAYJ) in April 2024 via a strategic partnership with Sumitomo Mitsui DS Asset Management, which integrates SMDAM's fundamental Japan expertise into Rayliant's quantitative framework to offer active exposure to Japanese equities. In October 2025, Rayliant formed an exclusive partnership with Sowell Management, a $6 billion RIA, to enhance Sowell's outsourced chief investment officer platform, with Rayliant Founder and Chairman Jason Hsu assuming the role of Sowell's Chief Investment Strategist to deliver institutional-grade global strategies and research.