Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) Stock Price, Quote, News & History | Benzinga

Fund will transition from an actively-managed ETF to a passively-managed ETF which will seeks to track the performance, before fees and expenses, of the FT Wilshire US Large NxtGen Index. The Fund will generally use a replication strategy to achieve its investment objective, meaning that it will invest in all of the securities included in the Index. The Fund may, however, use a representative sampling approach to achieve its investment objective when the Adviser believes it is in the best interest of the Fund. The Index is designed to optimize risk-adjusted returns using machine learning and portfolio optimization. The Index tracks the performance of stocks of large capitalization companies domiciled in the United States. Currently, the Fund's investment portfolio includes stocks from among 23 developed markets, including the United States. Because the Index emphasizes U.S. company stocks over those from various developed markets, the Adviser anticipates that, as of the Effective Date, the Fund's investment universe will shift more towards U.S. companies.