Defiance AI Capacitors & MLCC ETF

Frequently Asked Questions About CAPA

What does CAPA invest in?

CAPA provides a differentiated approach to AI investing. It aims to track an index of publicly listed equity securities worldwide that are involved in capacitors and passive electronic components which provide power conditioning, voltage regulation, signal filtering, noise suppression, and energy storage functions within AI infrastructure. The index selects companies based on liquidity and tradability requirements, as well as thematic and relevance scores. It may include the following business activities: Multilayer Ceramic Capacitors (MLCCs), Conductive Polymer Capacitors, and Server-Grade Aluminum Electrolytic & Polymer Hybrid. The index reconstituted and rebalanced quarterly. It aims to maintain a target constituent count between 8 and 15 securities. CAPA may invest directly in stocks, depository receipts or in derivatives that have the same exposure as the index components.

What is the expense ratio of CAPA?

Defiance AI Capacitors & MLCC ETF (CAPA) charges an expense ratio of 0.71%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CAPA?

Defiance AI Capacitors & MLCC ETF (CAPA) manages $3.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is CAPA actively managed or an index fund?

CAPA's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CAPA launched?

Defiance AI Capacitors & MLCC ETF (CAPA) launched in August 2026 and is managed by Defiance.

How has CAPA performed?

CAPA's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.