| Investment Objective: |
The Defiance AI Hyperscale Leaders ETF is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by primarily investing (directly or indirectly) in U.S.-listed equity securities of companies that the Adviser believes are leaders in enabling, developing, or benefiting from the hyper-scaling of artificial intelligence ("AI") computing infrastructure to efficiently train, deploy, and run complex AI models by demonstrating strong scalability, positive revenue growth and profitability, i.e., AI Hyperscale Leaders. Under normal market conditions, the Fund will invest at least 80% of its net assets in a combination of equity securities issued by AI Hyperscale Leaders or derivatives instruments that provide exposure to those securities. The Fund will invest in the equity securities of AI Hyperscale Leaders, including common stocks, business trust shares, American Depositary Receipts ("ADRs"), and other equity interests, either directly or indirectly (synthetically). The Adviser will determine the portfolio weight of each company, in its discretion, after considering factors, including market capitalization, liquidity, and the Adviser's assessment of each company's growth potential, AI exposure, and risk profile. |
