{
 "ticker": "AIPO",
 "name": "Defiance AI & Power Infrastructure ETF",
 "issuer": "Defiance",
 "desk": "themes",
 "url": "https://etfiq.com/funds/aipo",
 "html": "https://etfiq.com/funds/aipo",
 "markdown": "https://etfiq.com/funds/aipo.md",
 "as_of": "2026-09-11",
 "verdict": "AIPO holds 83 stocks, and 36% 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": "63.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIPO, already in the S&P 500: 63.7%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "88.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIPO, active share vs the S&P 500: 88.9%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "58.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIPO, top ten holdings: 58.1%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+36.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIPO, total return, 1 year: +36.3%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$929m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "AIPO, net assets: $929m (the issuer own daily fund list, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "485BPOS XBRL, Dec 22, 2025",
   "as_of": "2026-09-11",
   "sentence": "AIPO, expense ratio: 0.69% (485BPOS XBRL, Dec 22, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Artificial intelligence",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 25, 2025",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "63.7%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "88.9%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "18.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "88.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "58.1%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "83",
   "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": "Eaton Corp Plc 9.2%, Ge Vernova Inc 9.0%, Quanta Services Inc 8.1%, Vertiv Holdings Co 7.2%, Bloom Energy Corp 5.3%, Nvidia Corp 4.4%, Constellation Energy Corp 4.3%, Broadcom Inc 4.0%, Cameco Corp 3.9%, Advanced Micro Devices Inc 2.5%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$929m",
   "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": "\u221216.7%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "485BPOS XBRL, Dec 22, 2025"
  },
  {
   "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": "0.78%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "POWR 41%, RACK 40%, IVEP 40%, TSES 34%, ZAP 32%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22127.9%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221211.2 pts",
   "Gap to Nasdaq-100": "\u22127.1 pts"
  },
  {
   "window": "6 months",
   "Total return": "+15.3%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u22120.7 pts",
   "Gap to Nasdaq-100": "\u22125.4 pts"
  },
  {
   "window": "1 year",
   "Total return": "+36.3%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+18.8 pts",
   "Gap to Nasdaq-100": "+13.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+42.3%",
   "S&P 500": "+21.3%",
   "Gap to S&P 500": "+21.0 pts",
   "Gap to Nasdaq-100": "+15.5 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of AIPO is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 14, 2026, 64% of AIPO by weight is stocks the S&P 500 already holds. Its active share against the index is 89%, so that share is the part doing something different."
  },
  {
   "q": "What does AIPO hold?",
   "a": "83 positions as published by its issuer for Sep 14, 2026, with the top ten at 58% of the fund. The largest are Eaton Corp Plc at 9.2%, Ge Vernova Inc at 9.0%, Quanta Services Inc at 8.1%."
  },
  {
   "q": "Has AIPO beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 AIPO returned +36.3% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 18.8 points."
  },
  {
   "q": "What does AIPO cost?",
   "a": "The prospectus expense ratio is 0.69% a year. Because 89% of the fund differs from the S&P 500, the fee on that differing part works out at 0.78%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}