{
 "ticker": "AIHY",
 "name": "Defiance AI Hyperscale Leaders ETF",
 "issuer": "Defiance",
 "desk": "themes",
 "url": "https://etfiq.com/funds/aihy",
 "html": "https://etfiq.com/funds/aihy",
 "markdown": "https://etfiq.com/funds/aihy.md",
 "as_of": "2026-09-11",
 "verdict": "AIHY holds 10 stocks, and 18% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "81.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIHY, already in the S&P 500: 81.8%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "86.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIHY, active share vs the S&P 500: 86.5%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIHY, top ten holdings: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+7.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIHY, total return, since launch: +7.8%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "AIHY, net assets: $8m (the issuer own daily fund list, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.76%",
   "source": "485BPOS XBRL, Jul 7, 2026",
   "as_of": "2026-09-11",
   "sentence": "AIHY, expense ratio: 0.76% (485BPOS XBRL, Jul 7, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Artificial intelligence",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 21, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "81.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "86.5%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "79.1%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "83.6%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "100.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "10",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 14, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Microsoft Corp 22.1%, Amazon.com Inc 19.4%, Meta Platforms Inc 19.1%, Alphabet Inc 18.5%, Space Exploration Technologies Corp 13.1%, Alibaba Group Holding Ltd 2.9%, Oracle Corp 2.8%, Tencent Holdings Ltd 2.1%, First American Government Obligations Fund 12/01 0.1%, Cash & Other -0.0%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22121.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.76%",
   "source": "485BPOS XBRL, Jul 7, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.88%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "AIUP 39%, FAI 33%, PNQI 32%, OGIG 31%, FDN 28%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "Total return": "+7.8%",
   "S&P 500": "+2.1%",
   "Gap to S&P 500": "+5.7 pts",
   "Gap to Nasdaq-100": "+7.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of AIHY is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 14, 2026, 82% of AIHY by weight is stocks the S&P 500 already holds. Its active share against the index is 86%, so that share is the part doing something different."
  },
  {
   "q": "What does AIHY hold?",
   "a": "10 positions as published by its issuer for Sep 14, 2026, with the top ten at 100% of the fund. The largest are Microsoft Corp at 22.1%, Amazon.com Inc at 19.4%, Meta Platforms Inc at 19.1%."
  },
  {
   "q": "Has AIHY beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 AIHY returned +7.8% with distributions reinvested, against +2.1% for the S&P 500, so it finished ahead of the index by 5.7 points."
  },
  {
   "q": "What does AIHY cost?",
   "a": "The prospectus expense ratio is 0.76% a year. Because 86% of the fund differs from the S&P 500, the fee on that differing part works out at 0.88%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}