| Investment Objective: |
Defiance Large Cap ex-Mag 7 ETF is designed to provide investors with exposure to the S&P 500, excluding the "Magnificent 7" (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla). XMAG offers a unique opportunity for investors to access the broader market while reducing concentration risk in these dominant tech stocks. The BITA US 500 ex Magnificent 7 Index aims to provide a comprehensive and balanced representation of the U.S. equity market by including the largest 500 publicly traded securities, while specifically excluding the seven largest technology giants commonly referred to as the "Magnificent 7." This approach ensures more diversified exposure, mitigating the over concentration risks associated with the market's most dominant firms. The index constituents are weighted based on free-float market capitalization and re-balanced quarterly. Index values are disseminated on an end-of-day basis. |
