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Trending ETFs

Defiance Next Gen Connectivity ETF

ETF
FIVG
Payout Change
Pending
Price as of:
$38.47 -0.23 -0.61%
primary theme
Communications Sector Equity
FIVG (ETF)

Defiance Next Gen Connectivity ETF

Payout Change
Pending
Price as of:
$38.47 -0.23 -0.61%
primary theme
Communications Sector Equity
FIVG (ETF)

Defiance Next Gen Connectivity ETF

Payout Change
Pending
Price as of:
$38.47 -0.23 -0.61%
primary theme
Communications Sector Equity

Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$38.47

$561 M

1.26%

$0.48

0.30%

Vitals

YTD Return

7.3%

1 yr return

24.6%

3 Yr Avg Return

4.7%

5 Yr Avg Return

10.5%

Net Assets

$561 M

Holdings in Top 10

51.9%

52 WEEK LOW AND HIGH

$38.7
$28.82
$40.37

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$38.47

$561 M

1.26%

$0.48

0.30%

FIVG - Profile

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 10.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.29%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Defiance Next Gen Connectivity ETF
  • Fund Family Name
    Defiance ETFs
  • Inception Date
    Mar 04, 2019
  • Shares Outstanding
    28500000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dustin Lewellyn

Fund Description

BlueStar 5G Communications Index
The Index is a rules-based index that consists of a tiered, modified market capitalization-weighted portfolio of the U.S.-listed equity securities, including depositary receipts, of companies whose products or services are predominantly tied to the development of 5G networking and communication technologies (collectively, “5G Companies”). 5G Companies are assigned to one of four segments of the 5G communications industry, as described below. At the time of each rebalance and reconstitution of the Index, each 5G Company is ranked by its free-float market capitalization. The maximum weight for any single stock is 5%. If a stock exceeds the maximum weight, then the weight will be reduced to the maximum weight and the excess weight shall be redistributed proportionally across all other index constituents. This process is repeated until no stocks have weights exceeding the respective maximum weight. Additionally, to qualify for inclusion in the Index, a 5G Company must have a minimum market capitalization of $150 million, and must meet certain liquidity, free-float (i.e., the percentage of shares available to the public), and trading cost thresholds.
Segment 1 - consists of 5G Companies whose products or services are predominantly tied to core cellular network equipment (e.g., carrier-grade routers, antennas, or other equipment or semiconductors used in 5G networks).
Segment 2 - consists of 5G Companies (i) that are organized as cellphone tower or data center real estate investment trusts (“REITs”), (ii) that predominantly provide services as a mobile network operator (“MNO”). REITs and MNOs must have a minimum market capitalization of $1 billion to be included in the Index.
Segment 3 - consists of 5G Companies whose products or services are predominantly tied to (i) hardware and software focused on quality of service assurance for MNOs and media companies, (ii) network testing and bandwidth optimization equipment, (iii) network or cloud operations and analytics platforms with mobile network and 5G-related use cases, or (iv) edge computing equipment and related services.
Segment 4 - consists of 5G Companies whose products or services are predominantly tied to (i) enhanced mobile broadband (eMBB) modems capable of increased bandwidth for end-user devices or (ii) whose products or services are predominantly tied to the infrastructure or cloud-based services supporting REITs and MNOs.
The companies included in the Index are screened from the universe of global companies with equity securities or depositary receipts listed on a U.S. exchange by MarketVector Indexes Gmb (“MarketVector” or the “Index Provider”) based primarily on descriptions of a company’s primary business activities in regulatory filings (e.g., financial statements, annual reports, investor presentations), analyst reports, and industry-specific trade publications. 5G Companies identified by MarketVector’s screening process are added to the Index, subject to meeting the investibility requirements described above. The Index may include small-, mid-, and large-capitalization companies.
Only the three largest investable REITs and the three largest investable MNOs are included in the Index’s eligible universe, all investable companies from other segments are included in the eligible universe. The Index includes 50 constituents. The 40 largest -by float-adjusted market capitalization- members of the eligible universe are automatically included. The next 10 companies are selected from the largest current Index constituents ranked in the
top 60. If fewer than 50 constituents have been selected, the next largest members of the eligible universe will be selected until 50 constituents are selected.
The Index is rebalanced and reconstituted semi-annually after the close of business on the third Friday of each March and September based on data as of the first Thursday of each such reconstitution month. At the time of each rebalance and reconstitution of the Index, each constituent is weighted as described above, subject to a downward adjustment for securities trading below certain liquidity thresholds. Additionally, the weight of each Index component may rise and/or fall between Index rebalance dates.
To reduce turnover, existing Index components will not be removed from the Index solely for not meeting the minimum market capitalization or liquidity criteria unless they do not meet such requirements for two consecutive reconstitutions.
The Index was established in 2019 and is owned by the Index Provider.
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FIVG - Performance

Return Ranking - Trailing

Period FIVG Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -9.1% 12.1% 43.75%
1 Yr 24.6% -5.7% 48.7% 43.75%
3 Yr 4.7%* -12.2% 4.7% 3.13%
5 Yr 10.5%* -3.8% 13.7% 34.38%
10 Yr N/A* -0.7% 12.9% 48.15%

* Annualized

Return Ranking - Calendar

Period FIVG Return Category Return Low Category Return High Rank in Category (%)
2023 20.0% -2.0% 57.1% 59.38%
2022 -28.4% -49.3% -19.8% 37.50%
2021 24.1% -15.7% 24.1% 3.13%
2020 28.2% -0.5% 46.0% 25.00%
2019 N/A -4.8% 36.4% N/A

Total Return Ranking - Trailing

Period FIVG Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -9.1% 12.1% 43.75%
1 Yr 24.6% -5.7% 48.7% 43.75%
3 Yr 4.7%* -12.2% 4.7% 3.13%
5 Yr 10.5%* -3.8% 13.7% 34.38%
10 Yr N/A* -0.7% 12.9% N/A

* Annualized

Total Return Ranking - Calendar

Period FIVG Return Category Return Low Category Return High Rank in Category (%)
2023 21.9% -1.2% 57.1% 59.38%
2022 -27.3% -40.6% -16.8% 37.50%
2021 25.7% -3.8% 25.7% 3.13%
2020 29.8% 0.3% 53.8% 31.25%
2019 N/A 12.3% 40.1% N/A

FIVG - Holdings

Concentration Analysis

FIVG Category Low Category High FIVG % Rank
Net Assets 561 M 1.03 M 13.1 B 37.14%
Number of Holdings 49 23 120 22.86%
Net Assets in Top 10 298 M 1.1 M 12.7 B 37.14%
Weighting of Top 10 51.85% 38.1% 85.3% 91.43%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 9.63%
  2. Broadcom Inc 6.20%
  3. Advanced Micro Devices Inc 5.51%
  4. Apple Inc 5.10%
  5. NVIDIA Corp 5.10%
  6. Intel Corp 5.03%
  7. Cisco Systems Inc 4.28%
  8. QUALCOMM Inc 4.13%
  9. Oracle Corp 3.96%
  10. Analog Devices Inc 2.92%

Asset Allocation

Weighting Return Low Return High FIVG % Rank
Stocks
99.91% 93.49% 99.93% 5.71%
Cash
10.02% 0.00% 10.18% 20.00%
Preferred Stocks
0.00% 0.00% 2.36% 57.14%
Other
0.00% 0.00% 1.01% 40.00%
Convertible Bonds
0.00% 0.00% 1.39% 22.86%
Bonds
0.00% 0.00% 4.06% 34.29%

Stock Sector Breakdown

Weighting Return Low Return High FIVG % Rank
Technology
68.78% 0.00% 68.78% 2.86%
Communication Services
21.07% 21.07% 100.00% 100.00%
Real Estate
9.33% 0.00% 12.57% 11.43%
Consumer Cyclical
0.83% 0.00% 14.61% 42.86%
Utilities
0.00% 0.00% 0.00% 20.00%
Industrials
0.00% 0.00% 2.78% 42.86%
Healthcare
0.00% 0.00% 0.00% 20.00%
Financial Services
0.00% 0.00% 6.60% 40.00%
Energy
0.00% 0.00% 2.38% 22.86%
Consumer Defense
0.00% 0.00% 0.72% 22.86%
Basic Materials
0.00% 0.00% 0.00% 20.00%

Stock Geographic Breakdown

Weighting Return Low Return High FIVG % Rank
US
99.91% 71.30% 99.93% 5.71%
Non US
0.00% 0.00% 27.91% 74.29%

FIVG - Expenses

Operational Fees

FIVG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.08% 5.28% 88.57%
Management Fee 0.30% 0.03% 1.00% 14.29%
12b-1 Fee 0.00% 0.00% 1.00% 6.25%
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

FIVG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FIVG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FIVG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 13.00% 75.00% 26.19%

FIVG - Distributions

Dividend Yield Analysis

FIVG Category Low Category High FIVG % Rank
Dividend Yield 1.26% 0.00% 6.96% 42.86%

Dividend Distribution Analysis

FIVG Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Quarterly Quarterly

Net Income Ratio Analysis

FIVG Category Low Category High FIVG % Rank
Net Income Ratio 1.29% -1.68% 2.76% 34.29%

Capital Gain Distribution Analysis

FIVG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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FIVG - Fund Manager Analysis

Managers

Dustin Lewellyn


Start Date

Tenure

Tenure Rank

Mar 04, 2019

3.24

3.2%

Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.

Ernesto Tong


Start Date

Tenure

Tenure Rank

Mar 04, 2019

3.24

3.2%

Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.

Anand Desai


Start Date

Tenure

Tenure Rank

Mar 04, 2019

3.24

3.2%

Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.79 24.18 9.61 4.5