# Portfolio overlap — RAYJ vs IPAC

Comparing **Rayliant SMDAM Japan Equity ETF** (2026-03-31) and **iShares Core MSCI Pacific ETF** (2026-01-31).

- Shared positions: 29
- Rayliant SMDAM Japan Equity ETF covered by iShares Core MSCI Pacific ETF: 0.1322539930855430609425381091
- iShares Core MSCI Pacific ETF covered by Rayliant SMDAM Japan Equity ETF: 0.1322539930855430609425381091

## Rayliant SMDAM Japan Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MITSUBISHI UFJ F | 0.059763 | ✓ |
| FUJIKURA LTD | 0.055704 | ✓ |
| FOOD LIFE COS LTD | 0.048663 | ✓ |
| TOYOTA MOTOR CORP | 0.048374 | ✓ |
| RESONAC HOLDINGS | 0.047797 | ✓ |
| TOYOTA TSUSHO | 0.042623 | ✓ |
| ASICS CORP | 0.040500 | ✓ |
| FAST RETAILING CO LTD | 0.039183 | ✓ |
| RYOHIN KEIKAKU | 0.038428 | ✓ |
| KAWASAKI HVY IND | 0.038166 | ✓ |
| HITACHI LTD | 0.037979 | ✓ |
| DAIFUKU CO LTD | 0.036154 | ✓ |
| KINDEN CORP | 0.035636 | ✓ |
| MITSUI FUDOSAN | 0.034164 | ✓ |
| CHUGAI PHARMA CO | 0.033679 | ✓ |
| MITSUB ELEC CORP | 0.032124 | ✓ |
| NEC CORP | 0.032123 | ✓ |
| SONY GROUP CORP | 0.031694 | ✓ |
| EBARA CORP | 0.030549 | ✓ |
| MARUWA CO LTD | 0.030122 | ✓ |
| DISCO CORP | 0.028346 | ✓ |
| SANRIO CO LTD | 0.025426 | ✓ |
| Kioxia Holdings Corp. NPV | 0.024127 |  |
| SEIREN CO LTD | 0.021303 | ✓ |
| SIMPLEX HOLDINGS | 0.018152 | ✓ |
| INTERNET INITIAT | 0.016404 | ✓ |
| KAO CORP | 0.016177 | ✓ |
| PREMIUM GROUP CO | 0.015807 |  |
| RESORTTRUST INC | 0.015272 | ✓ |
| OSAKA SODA CO LT | 0.014989 | ✓ |
| ARIAKE JAPAN CO | 0.010572 | ✓ |

## iShares Core MSCI Pacific ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TOYOTA MOTOR CORP | 0.024103 | ✓ |
| MITSUBISHI UFJ F | 0.023285 | ✓ |
| BHP GROUP LTD | 0.019600 |  |
| COMMONW BK AUSTR | 0.019409 |  |
| HITACHI LTD | 0.017811 | ✓ |
| SONY GROUP CORP | 0.015200 | ✓ |
| SUMITOMO MITSUI FINL GROUP INC | 0.014448 |  |
| ADVANTEST CORP | 0.014208 |  |
| AIA Group Ltd | 0.013624 |  |
| TOKYO ELECTRON | 0.013407 |  |
| MIZUHO FINANCIAL | 0.012129 |  |
| SOFTBANK GROUP CORP | 0.011725 |  |
| DBS GROUP HLDGS | 0.011110 |  |
| MITSUBISHI HEAVY INDS LTD | 0.010613 |  |
| NATL AUST BANK | 0.010310 |  |
| WESTPAC BANKING CORPORATION | 0.010298 |  |
| BlackRock Cash Funds: Institutional, SL Agency Shares | 0.010163 |  |
| MITSUBISHI CORP | 0.009627 |  |
| MITSUI & CO | 0.009060 |  |
| ITOCHU CORP | 0.008549 |  |
| ANZ GROUP HOLDIN | 0.008506 |  |
| RECRUIT HOLDINGS | 0.008282 |  |
| FAST RETAILING CO LTD | 0.008227 | ✓ |
| KEYENCE CORP | 0.008021 |  |
| NINTENDO CO LTD | 0.007691 |  |
| TOKIO MARINE HOLDINGS INC COMMON STOCK | 0.007669 |  |
| WESFARMERS LTD | 0.007376 |  |
| CSL LTD COMMON STOCK | 0.006893 |  |
| MITSUB ELEC CORP | 0.006680 | ✓ |
| HKEX | 0.006548 |  |
| HOYA CORP | 0.006495 |  |
| OCBC BANK | 0.006343 |  |
| SHIN-ETSU CHEM | 0.006229 |  |
| TAKEDA PHARMACEU | 0.006073 |  |
| MACQUARIE GROUP | 0.005996 |  |
| KDDI Corporation | 0.005580 |  |
| FUJITSU LTD | 0.005506 |  |
| MARUBENI CORP | 0.005276 |  |
| SEA LTD ADR | 0.005029 |  |
| SUMITOMO CORP | 0.004990 |  |
| NEC CORP | 0.004934 | ✓ |
| GOODMAN GROUP | 0.004869 |  |
| JAPAN TOBACCO | 0.004837 |  |
| DISCO CORP | 0.004413 | ✓ |
| SOFTBANK CORP | 0.004379 |  |
| RIO TINTO LTD | 0.004336 |  |
| CHUGAI PHARMA CO | 0.004309 | ✓ |
| UNITED OVERSEAS | 0.004236 |  |
| HONDA MOTOR CO | 0.004204 |  |
| FANUC CORP | 0.004190 |  |


## Sources

- N-PORT (fund A) — accession `0002048251-26-004269` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1593547/000204825126004269/0002048251-26-004269-index.htm>
- N-PORT (fund B) — accession `0001410368-26-031718` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000141036826031718/0001410368-26-031718-index.htm>

---

_Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._

_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

_Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See <https://fundwatcher.app/terms/>_