Defiance Files ETF Focused on Global Semiconductor Foundries

The Defiance Global Foundries ETF will track the MarketVector Global Foundries Index, providing exposure to companies deriving significant revenue from semiconductor foundry operations and related services. The index is expected to hold 10 leading foundry-focused firms selected by size and liquidity, with constituent weights capped at 20%. The fund may use stocks, ADRs, swaps, and options to gain exposure and can invest up to 15% of assets in private semiconductor foundry companies. The strategy offers concentrated exposure to a critical segment of the semiconductor supply chain.