RAYJ vs. EWJ ETF Comparison

Comparison of Rayliant SMDAM Japan Equity ETF (RAYJ) to iShares MSCI Japan Index Fund (EWJ)

RAYJ

Rayliant SMDAM Japan Equity ETF

RAYJ Description

RAYJ focuses on achieving long-term capital growth through investments in Japanese companies, primarily common and preferred stocks. The fund prioritizes firms with sustainable earnings growth, strong market positions, and a track record of innovation. Investment decisions are informed by fundamental research, considering factors such as historical and projected cash flow stability, quality of management teams, and governance standards. Additionally, RAYJ employs derivatives like futures contracts for risk management purposes, including hedging and optimizing cash positions. Sector allocations are adjusted dynamically based on market trends and opportunities. RAYJ seeks to strategically position itself within Japan's equity market to capitalize on sustained growth potential.

Grade (RS Rating)

Last Trade

$25.67

Average Daily Volume

4,501

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

EWJ

iShares MSCI Japan Index Fund

EWJ Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Japan Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The underlying index consists of stocks traded primarily on the Tokyo Stock Exchange. Components primarily include consumer discretionary, financial and industrials companies.

Grade (RS Rating)

Last Trade

$71.01

Average Daily Volume

5,035,696

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	RAYJ	EWJ
30 Days	3.38%	4.33%
60 Days	2.68%	5.28%
90 Days	1.22%	3.58%
12 Months		16.53%

2 Overlapping Holdings

	Symbol	Grade	Weight in RAYJ	Weight in EWJ	Overlap
	MUFG	B	5.3%	3.22%	3.22%
	TM	F	5.09%	5.68%	5.09%

RAYJ Overweight 0 Positions Relative to EWJ

	Symbol	Grade	Weight

RAYJ Underweight 6 Positions Relative to EWJ

	Symbol	Grade	Weight
	SONY	B	-2.8%
	SMFG	B	-2.22%
	MFG	B	-1.34%
	HMC	F	-1.26%
	NMR	C	-0.47%
	AGCO	F	-0.17%

RAYJ: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global

Keywords: Advisory Services Asset And Liability Management Asset Management Auto Parts Automotive Industry Bank Bank Deposits Care Insurance Products Cars Commercial Paper Consumer Finance Corporate Banking E Commerce Marketplace Financial Products Foreign Exchange Services Fund Management Insurance Products Internet Banking Services Investment Bank Investment Banking

EWJ: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Banks - Regional - Asia Capital Markets Consumer Electronics Farm & Construction Equipment

Keywords: Advisory Services Bank Financial Products Investment Banking Investment Banking Services Structured Finance Asset And Liability Management Asset Management Automotive Industry Banking Cars Consumer Finance Corporate Banking Financial Advisory Services Investment Bank Investment Product Liability Management Mitsui Mower Passenger Car