Defiance AI & Power Infrastructure UCITS ETF - USD ACC ETF

The investment objective of the Fund is to track the price and the performance, before fees and expenses, of an index that is designed to measure the performance of companies driving artificial intelligence (AI) systems and the essential energy to power these systems, including power generation, utilities, data centres, and AI hardware. In order to seek to achieve its investment objective, the Fund will adopt a 'passive management' investment strategy and will seek to employ a replication methodology, meaning as far as possible and practicable, it will invest in the securities in proportion to the weightings comprising the MarketVector™ - Defiance US Listed AI and Power Infrastructure Index (the Index). The Index is governed by a published, rules-based methodology and is designed to measure the performance of US companies contributing to critical electrical grid and AI infrastructure through nuclear and other decentralized energy technologies (i.e., energy that is generated close to where it will be used, rather than at an industrial plant, such as solar panels), electric equipment and related engineering and construction services, electrical utilities, data centre operations, and AI related computing hardware.