Rayliant-ChinaAMC Transformative China Tech ETF CNQQ NASDAQ · Financials · United States
$19.19 +1.24% +$0.24
Summary
Rayliant-ChinaAMC Transformative China Tech ETF is an ETF - a fund traded on an exchange like a stock - run by Rayliant. Positions inside: 104. The ten largest make up 50% of the fund.
- Yearly costs
- 0.75%
- Fund size
- $43.8M
- Positions
- 104
- Dividend yield
- 0.50%
- Running since
- 2025
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 50% of the fund, so its result rests on a few names.
- 41% of the fund is in one sector (Technology).
- 97% of the fund is in one country (China).
- Costs of 0.75% a year are above the middle of comparable funds (0.45%).
- In the last five years its price once dropped by 32% from its high.
- A young fund: it has been running only since 2025.
- A small fund with $43.8M under management; small funds get closed more often.
- It trades little: only about $220.7K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -7.6%
- 3 months
- -21%
- This year
- -18%
- 1 year
- -19%
- Avg. market cap
- $145.5B
- P/E
- 20.4x
- Forward P/E
- 18.3x
- P/S
- 2.0x
- P/B
- 2.7x
- P/FCF
- 20.4x
- EV/EBITDA
- 14.1x
- Dividend yield
- 0.38%
- ROIC
- 9.3%
- ROE
- 16.6%
- Gross margin
- 41.7%
- Operating margin
- 19.0%
- Net margin
- 18.3%
- Payout ratio
- 7.7%
- Net debt/EBITDA
- 0.2x
- Beta
- 1.02
Weighted average of the 50 largest companies, which make up 84% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 99Alibaba Group Holding Limited 9988.HK 12%
- 2 07Tencent Holdings Limited 0700.HK 11%
- 3 30Contemporary Amperex Technology Co., Limited 300750.SZ 5.6%
- 4 BBH SWEEP VEHICLE 4.7%
- 5 18Xiaomi Corporation 1810.HK 4.3%
- 6 36Meituan 3690.HK 3.6%
- 7 99NetEase, Inc. 9999.HK 2.9%
- 8 68Cambricon Technologies Corporation Limited 688256.SS 2.3%
- 9 30Zhongji Innolight Co., Ltd. 300308.SZ 1.9%
- 10 00NAURA Technology Group Co., Ltd. 002371.SZ 1.9%
Positions in the fund: 104. The ten largest make up 50% of it.
Composition as of Nov 7, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 41%
- Consumer cyclical 22%
- Communication services 15%
- Industrials 12%
- Healthcare 9.0%
- Other 2.2%
By country
- China 97%
- Hong Kong SAR China 2.4%
- United States 0.5%
By company size
- Mega cap 23%
- Large cap 70%
- Mid cap 6.5%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (41%). Largest country: China (97%). Largest size group: Large cap (70%).
What does it cost me?
Expensive- A year from $10,000
- $75.00
- Over 20 years
- $3,544
From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.
How has it done?
Losing value- Over the last year
- -19%
- Deepest drop
- -32%
- Yearly volatility
- 26%
Decline over the last year: 19%. Deepest drop in these years: 32% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.50%
- Last payment
- $0.00
Over the last 12 months it paid $0.10 per share, which is 0.50% of today's price. The last payment was $0.00 on Sep 29, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $220.7K
- Shares a day
- 12K
On an average day about $220.7K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 20.4
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 58%
- Fairly valued 17%
- Overvalued 25%
On average the companies inside trade for 20.4 times their yearly profit. By Fair Price, 58% of the rated weight comes out as undervalued.
Counted from its largest companies (50), which make up 84% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
CX CXSE WisdomTree China ex-State-Owned Enterprises Fund | United States | 0.32% | $379.5M | -22% | Pays out | 53% |
UI UIC2.DE UBS Solactive China Technology UCITS ETF USD acc | Luxembourg | 0.47% | $286.8M | -27% | Reinvests | 47% |
CQ CQQQ.SW UBS Solactive China Technology UCITS ETF USD acc | Luxembourg | 0.47% | $282.2M | -30% | Reinvests | 47% |
UI UIC2.SG UBS Solactive China Technology UCITS ETF USD acc | Luxembourg | 0.47% | $120.1M | -27% | Reinvests | 47% |
CI CITE.MI UBS Solactive China Technology UCITS ETF hEUR acc | Luxembourg | 0.50% | $286.7M | -30% | Reinvests | 47% |
UI UIC1.SG UBS Solactive China Technology UCITS ETF hEUR acc | Luxembourg | 0.50% | $125.6M | -31% | Reinvests | 47% |