# Portfolio overlap — RAYC vs GOPAX

Comparing **Rayliant Quantamental China Equity ETF** (2025-09-30) and **abrdn China A Share Equity Fund** (2025-07-31).

- Shared positions: 12
- Rayliant Quantamental China Equity ETF covered by abrdn China A Share Equity Fund: 0.2448747460456067497340730249
- abrdn China A Share Equity Fund covered by Rayliant Quantamental China Equity ETF: 0.2448747460456067497340730248

## Rayliant Quantamental China Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.072675 | ✓ |
| Midea Group Company, Ltd. | 0.034004 | ✓ |
| JIANGSU HENGRU-A | 0.032800 | ✓ |
| Receive CAMBRICON TECHNO Pay Overnight Rate -2 | 0.030833 |  |
| WUXI APPTEC CO-A | 0.030777 |  |
| CMOC-A | 0.029694 |  |
| ZIJIN MINING-A | 0.028050 |  |
| CHINA MERCH BK-A | 0.026094 | ✓ |
| FUYAO GLASS-A | 0.025434 | ✓ |
| CHINA STATE -A | 0.024456 |  |
| G-BITS NETWORK-A | 0.024298 |  |
| CHINA PACIFIC-A | 0.023360 |  |
| PERFECT WORLD -A | 0.022565 |  |
| SHENGYI TECH C-A | 0.021440 |  |
| FOXCONN INDUST-A | 0.021036 |  |
| XIAMEN JIHONG -A | 0.020945 |  |
| KWEICHOW MOUTAI CO LTD A | 0.020273 | ✓ |
| EASTROC BEVERA-A | 0.019952 |  |
| ROCKCHIP ELEC-A | 0.019682 |  |
| CENTRAL CHINA-A | 0.018764 |  |
| ZHONGJIN GOLD-A | 0.018527 |  |
| GF SECURITIES-A | 0.017325 |  |
| JINLEI TECHNOL-A | 0.017001 |  |
| DEHUA TB NEW-A | 0.016842 |  |
| HANGZHOU BINJ-A | 0.016817 |  |
| THREE'S CO MED-A | 0.016734 |  |
| Receive LUXSHARE PRECI-A Pay Overnight Rate -3 | 0.015764 | ✓ |
| EOPTOLINK TECH-A | 0.015557 |  |
| INDUSTRIAL BAN-A | 0.015538 |  |
| PICC HOLDING C-A | 0.013606 |  |
| HAIER SMART H-A | 0.013344 |  |
| WILL SEMICONDU-A | 0.012898 |  |
| HENAN SHUAN-A | 0.012506 |  |
| HITHINK ROYALF-A | 0.011775 |  |
| TSINGTAO BREW-A | 0.011462 |  |
| GREE ELECTRIC-A | 0.011271 |  |
| CITIC SECURITI-A | 0.011113 | ✓ |
| PING AN INSURA-A | 0.010188 | ✓ |
| HUADIAN POWER-A | 0.009295 |  |
| HUATAI SECURIT-A | 0.009105 |  |
| SANY HEAVY IND-A | 0.009103 |  |
| BANK OF CHENGD-A | 0.008820 |  |
| BANK OF JIANGS-A | 0.008411 |  |
| SHANDONG GOLD-A | 0.008313 |  |
| BANK OF HANGZH-A | 0.008291 |  |
| CHONGQING RURA-A | 0.008187 |  |
| JIANGSU JIANGY-A | 0.007789 |  |
| BANK OF NINGBO-A | 0.007449 | ✓ |
| BANK OF SHANGH-A | 0.007408 |  |
| CHINA MINSHENG-A | 0.007299 |  |

## abrdn China A Share Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.069012 | ✓ |
| KWEICHOW MOUTAI CO LTD A | 0.056095 | ✓ |
| CHINA MERCH BK-A | 0.046292 | ✓ |
| State Street Navigator Securities Lending Portfolio II | 0.043755 |  |
| KRANESHARES BOSE | 0.036121 |  |
| BYD CO LTD -A | 0.035990 |  |
| Midea Group Company, Ltd. | 0.035164 | ✓ |
| SHENZHEN ENVIC-A | 0.033400 |  |
| NAURA TECH GR -A | 0.032409 |  |
| SIEYUAN ELECTR-A | 0.031350 |  |
| FUYAO GLASS-A | 0.030012 | ✓ |
| PING AN INSURA-A | 0.029179 | ✓ |
| NARI TECHNOLOG-A | 0.027336 |  |
| Receive LUXSHARE PRECI-A Pay Overnight Rate -3 | 0.027156 | ✓ |
| CITIC SECURITI-A | 0.025382 | ✓ |
| Receive CHINA YANGTZE-A Pay Overnight Rate -1.25 | 0.024222 |  |
| CCB-H | 0.023556 |  |
| NINGBO ORIENT -A | 0.022876 |  |
| YUTONG BUS CO-A | 0.022860 |  |
| YANTAI CHINA P-A | 0.020718 |  |
| CITIC SEC-H | 0.020583 |  |
| JIANGSU HENGRU-A | 0.019656 | ✓ |
| SHENZHEN MINDR-A | 0.019498 |  |
| JIANGSU HENGLI-A | 0.018966 |  |
| PING AN-H | 0.017941 |  |
| ZHEJIANG SHUAN-A | 0.017442 |  |
| INNER MONG YIL-A | 0.016771 | ✓ |
| SHENZHEN INOVA-A | 0.016324 | ✓ |
| SATELLITE CHEMIC | 0.015919 |  |
| CITIC BANK-H | 0.014355 |  |
| WUS PRINTED-A | 0.013800 |  |
| HANGZHOU TIGER-A | 0.013654 |  |
| YIFENG PHARMA-A | 0.012703 |  |
| BANK OF NINGBO-A | 0.012261 | ✓ |
| SG MICRO CORP-A | 0.010678 |  |
| CHINA RESOURCE-A | 0.010004 |  |
| BEIJING NEW BU-A | 0.009711 |  |
| CHINA CITIC BK-A | 0.009589 |  |
| AIER EYE HSPTL-A | 0.008931 |  |
| CENTRE TESTING INTL GROUP-A COMMON STOCK | 0.008200 |  |
| CHINA CONST BA-A | 0.007717 |  |
| ZHEJIANG SANHU-H | 0.006314 |  |
| HAND ENTERPRIS-A | 0.006081 |  |
| MIDEA GROUP CO L | 0.005787 |  |
| FOSHAN HAITIAN-A | 0.005662 |  |
| SHANGHAI HUACE-A | 0.005046 |  |
| ZHEJIANG WEIXI-A | 0.001537 |  |
| BYD COMPANY LTD H | 0.001258 |  |
| FOSHAN HAITIAN FLAVOURING-H COMMON STOCK | 0.000726 |  |
| G3 Exploration Ltd | 0.000000 |  |


## Sources

- N-PORT (fund A) — accession `0002048251-25-002660` (as of 2025-09-30)
  <https://www.sec.gov/Archives/edgar/data/1593547/000204825125002660/0002048251-25-002660-index.htm>
- N-PORT (fund B) — accession `0001410368-25-010643` (as of 2025-07-31)
  <https://www.sec.gov/Archives/edgar/data/1413594/000141036825010643/0001410368-25-010643-index.htm>

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