Rayliant SMDAM Japan Equity ETF
RAYJ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 5140 Birch Street Newport Beach DE United States of America 92660
- IPO Date
- Apr 4, 2024
- Website
- funds.rayliant.com
- Similar Companies
- Business
- Rayliant SMDAM Japan Equity ETF (RAYJ) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of issuers located in Japan; it employs a quantamental approach blending Sumitomo Mitsui DS Asset Management's (SMDAM) fundamental research from its large analyst team and local portfolio management insights with Rayliant Asset Management's cutting-edge quantitative models focused on behavioral finance, data science, and machine learning to identify high-quality growth firms in Japan's stock market. The ETF trades on the NYSE under ticker RAYJ with a net expense ratio of 0.72%, CUSIP 00775Y355, and features top holdings including Mitsubishi UFJ Financial Group Inc., NEC Corp., Fujikura Ltd., Toyota Motor Corp., and Hitachi Ltd. as of late 2025; it is part of Rayliant's broader suite of active ETFs targeting international markets, such as Rayliant Quantamental China Equity ETF (RAYC), Rayliant Quantamental Emerging Markets ex-China Equity ETF (RAYE), and Rayliant Quantitative Developed Markets Equity ETF (RAYD). Launched on April 4, 2024, and domiciled in the United States, the fund targets investors seeking customized exposure to Japan's equity market, one of the world's largest economies, with assets under management around $16-20 million as of mid-to-late 2025. In a key strategic development, Rayliant Global Advisors partnered with SMDAM—a Japan-based asset manager with over USD139 billion in assets, more than 50 years of experience since 1973, and over 60 dedicated Japan equity professionals—to launch RAYJ in April 2024, marking the ETF's inception and leveraging SMDAM's expertise in value-to-growth and large-cap-to-small-cap strategies within Rayliant's active framework. The fund remains actively managed by a team including Jason Hsu, Takahiro Uemura, Phillip Wool, and Tomoko Yokoyama since inception, with no reported further major changes, acquisitions, funding rounds, or reorganizations in the subsequent 18 months.