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Defiance Quantum ETF
ETF
QTUM
Payout Change
Pending
Price as of:
$57.36
+0.2
+0.35%
primary theme
Technology Sector Equity
QTUM (ETF)
Defiance Quantum ETF
Payout Change
Pending
Price as of:
$57.36
+0.2
+0.35%
primary theme
Technology Sector Equity
QTUM (ETF)
Defiance Quantum ETF
Payout Change
Pending
Price as of:
$57.36
+0.2
+0.35%
primary theme
Technology Sector Equity
Name
As of 04/25/2024Price
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
Vitals
YTD Return
5.8%
1 yr return
34.0%
3 Yr Avg Return
6.2%
5 Yr Avg Return
19.0%
Net Assets
$254 M
Holdings in Top 10
28.3%
52 WEEK LOW AND HIGH
$57.2
$43.43
$62.81
Expenses
OPERATING FEES
Expense Ratio 0.40%
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 04/25/2024Price
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
QTUM - Profile
Distributions
- YTD Total Return 5.8%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return 19.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.61%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDefiance Quantum ETF
-
Fund Family NameDefiance ETFs
-
Inception DateSep 04, 2018
-
Shares Outstanding3000000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDustin Lewellyn
Fund Description
The Fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the Index.
BlueStar Quantum Computing and Machine Learning Index
The Index consists of a modified equal-weighted portfolio of the stock of companies that derive at least 50% of their annual revenue or operating activity from the development of quantum computing and machine learning technology. “Quantum computing” refers to hardware and software designed to take advantage of extremely fast computers that leverage the field of quantum mechanics, a branch of physics dealing with particles and the complexities in which they naturally behave. Such technologies include research and development of quantum computers; use of quantum computing for applied sciences or communications; development of technology-enabled interactions between quantum and traditional computers; development of advanced hardware and/or software used in machine learning; production of specialized machinery used in advanced semiconductor and integrated circuit packaging; or the production and/or processing of raw materials used in quantum computing. The companies included in the Index are screened semi-annually from the universe of globally-listed stocks (including in emerging markets) by BlueStar Global Investors, LLC (“BlueStar” 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. Companies identified by BlueStar’s screening process are then screened for investibility, including a minimum market capitalization of US$150 million and minimum liquidity thresholds.
The Index is rebalanced and reconstituted semi-annually after the close of business on the third Friday of June and December each year based on data as of the Tuesday before the second Friday of June and December each year. However, new initial public offerings (“IPOs”) that meet the Index’s eligibility requirements may be added on a “fast-entry basis” in between reconstitution dates. In addition to the semi-annual reconstitutions in June and December, new IPOs are reviewed for fast-entry addition in March and September, and may be added after the close of business on the third Friday of March and September. Fast-entry additions are added at an equal weight with the weight reduced from existing components proportionally. Index constituents will be removed from the Index at the time of a reconstitution if they fail to meet the eligibility requirements.
In determining the companies included in the Index at the time of each rebalance and reconstitution of the Index, the largest eligible companies by market capitalization are included until 98.5% of the market capitalization of such eligible companies is included in the Index, plus any companies already included in the Index whose market capitalization is in the top 99.5% of the market capitalization of eligible companies. If such rules result in fewer than 70 Index components, the largest remaining eligible companies are selected until the number of components reaches 70.
As of March 31, 2023, the Index had 70 constituents, 13 of which were listed on a non-U.S. exchange. At the time of each rebalance and reconstitution of the Index, each constituent is equally-weighted, 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.
The Index was established in 2018 and is owned by the Index Provider.
The Fund’s Investment Strategy
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index in the same approximate proportions as in the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index as a whole, when the Fund’s sub-adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
The Fund generally may invest in securities or other investments not included in the Index, but which the Fund’s sub-adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. As of March 31, 2023, the Index was concentrated in the semiconductors industry and had significant exposure to other information technology sector industries, including the software industry group.
QTUM - Performance
Return Ranking - Trailing
| Period | QTUM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.8% | -20.9% | 19.0% | 52.44% |
| 1 Yr | 34.0% | -19.9% | 75.0% | 69.33% |
| 3 Yr | 6.2%* | -34.5% | 23.7% | 29.86% |
| 5 Yr | 19.0%* | -11.6% | 30.4% | 21.72% |
| 10 Yr | N/A* | -0.2% | 26.7% | 84.78% |
* Annualized
Return Ranking - Calendar
| Period | QTUM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 38.6% | -5.6% | 96.9% | 60.27% |
| 2022 | -29.8% | -73.9% | -16.4% | 7.24% |
| 2021 | 34.5% | -44.6% | 51.5% | 6.36% |
| 2020 | 41.2% | 5.5% | 154.1% | 51.46% |
| 2019 | 47.0% | -3.0% | 63.7% | 11.22% |
Total Return Ranking - Trailing
| Period | QTUM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.8% | -20.9% | 19.0% | 52.44% |
| 1 Yr | 34.0% | -19.9% | 75.0% | 69.33% |
| 3 Yr | 6.2%* | -34.5% | 23.7% | 29.86% |
| 5 Yr | 19.0%* | -11.6% | 30.4% | 21.72% |
| 10 Yr | N/A* | -0.2% | 26.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | QTUM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 39.9% | -2.3% | 96.9% | 71.88% |
| 2022 | -28.8% | -67.5% | -5.9% | 10.41% |
| 2021 | 35.2% | -17.8% | 59.2% | 14.55% |
| 2020 | 42.1% | 17.5% | 157.5% | 83.98% |
| 2019 | 48.0% | 7.5% | 66.9% | 24.49% |
QTUM - Holdings
Concentration Analysis
| QTUM | Category Low | Category High | QTUM % Rank | |
|---|---|---|---|---|
| Net Assets | 254 M | 4.67 M | 81.2 B | 69.47% |
| Number of Holdings | 72 | 10 | 319 | 32.74% |
| Net Assets in Top 10 | 57.7 M | 1.42 M | 40.5 B | 76.11% |
| Weighting of Top 10 | 28.32% | 11.5% | 100.0% | 91.59% |
Top 10 Holdings
- Mount Vernon Liquid Assets Portfolio, LLC 13.80%
- Advanced Micro Devices Inc 1.68%
- Asustek Computer Inc 1.68%
- MKS Instruments Inc 1.68%
- Intel Corp 1.62%
- Marvell Technology Inc 1.60%
- Teradyne Inc 1.59%
- NTT Data Group Corp 1.57%
- Micron Technology Inc 1.56%
- Lattice Semiconductor Corp 1.54%
Asset Allocation
| Weighting | Return Low | Return High | QTUM % Rank | |
|---|---|---|---|---|
| Stocks | 99.75% | 0.00% | 103.06% | 24.34% |
| Cash | 14.18% | -0.14% | 26.97% | 3.54% |
| Preferred Stocks | 0.00% | 0.00% | 7.72% | 46.90% |
| Other | 0.00% | -0.04% | 26.87% | 53.98% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 38.05% |
| Bonds | 0.00% | 0.00% | 90.88% | 38.94% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QTUM % Rank | |
|---|---|---|---|---|
| Technology | 70.79% | 2.80% | 100.00% | 48.67% |
| Industrials | 16.19% | 0.00% | 38.68% | 3.54% |
| Communication Services | 9.06% | 0.00% | 97.05% | 56.19% |
| Basic Materials | 1.43% | 0.00% | 2.38% | 0.88% |
| Consumer Cyclical | 1.32% | 0.00% | 32.97% | 76.55% |
| Healthcare | 1.20% | 0.00% | 25.57% | 32.74% |
| Utilities | 0.00% | 0.00% | 5.17% | 36.73% |
| Real Estate | 0.00% | 0.00% | 15.05% | 50.88% |
| Financial Services | 0.00% | 0.00% | 38.36% | 82.30% |
| Energy | 0.00% | 0.00% | 1.24% | 35.84% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 42.92% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QTUM % Rank | |
|---|---|---|---|---|
| US | 74.03% | 0.00% | 103.06% | 90.71% |
| Non US | 25.72% | 0.00% | 58.19% | 8.41% |
QTUM - Expenses
Operational Fees
| QTUM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.40% | 0.08% | 6.86% | 93.78% |
| Management Fee | 0.40% | 0.03% | 1.95% | 7.08% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| QTUM 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% | 4.00% | N/A |
Trading Fees
| QTUM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| QTUM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.69% | 281.00% | 42.92% |
QTUM - Distributions
Dividend Yield Analysis
| QTUM | Category Low | Category High | QTUM % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.71% | 0.00% | 7.84% | 11.95% |
Dividend Distribution Analysis
| QTUM | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| QTUM | Category Low | Category High | QTUM % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.61% | -2.30% | 2.08% | 5.86% |
Capital Gain Distribution Analysis
| QTUM | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 22, 2024 | $0.101 | OrdinaryDividend |
| Dec 29, 2023 | $0.088 | OrdinaryDividend |
| Sep 22, 2023 | $0.147 | OrdinaryDividend |
| Jun 23, 2023 | $0.124 | OrdinaryDividend |
| Mar 24, 2023 | $0.082 | OrdinaryDividend |
| Dec 30, 2022 | $0.074 | OrdinaryDividend |
| Sep 23, 2022 | $0.229 | OrdinaryDividend |
| Jun 24, 2022 | $0.193 | OrdinaryDividend |
| Mar 25, 2022 | $0.076 | OrdinaryDividend |
| Sep 24, 2021 | $0.077 | OrdinaryDividend |
| Jun 25, 2021 | $0.101 | OrdinaryDividend |
| Mar 26, 2021 | $0.027 | OrdinaryDividend |
| Sep 24, 2020 | $0.056 | OrdinaryDividend |
| Jun 25, 2020 | $0.071 | OrdinaryDividend |
| Mar 26, 2020 | $0.030 | OrdinaryDividend |
| Dec 30, 2019 | $0.040 | OrdinaryDividend |
| Sep 19, 2019 | $0.042 | OrdinaryDividend |
| Jun 26, 2019 | $0.083 | OrdinaryDividend |
| Mar 14, 2019 | $0.016 | OrdinaryDividend |
| Jan 02, 2019 | $0.042 | OrdinaryDividend |
QTUM - Fund Manager Analysis
Managers
Dustin Lewellyn
Start Date
Tenure
Tenure Rank
Sep 04, 2018
3.74
3.7%
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
Sep 04, 2018
3.74
3.7%
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
Sep 04, 2018
3.74
3.7%
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 |
|---|---|---|---|
| 0.04 | 32.43 | 8.4 | 1.41 |
