Defiance Space and Connective Tech ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About UFOX
The Fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the Index. BlueStar® Connective Technologies 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 that derive at least 50% of their revenues from business activities, products, or services that are tied to the development of, or are otherwise instrumental in the rollout of 5G or 6G networks or other connective technologies (collectively, “Connective Technology Companies”) as determined by MarketVector Indexes Gmb (“MarketVector” or the “Index Provider”). The Fund defines Connective Technology Companies to include: (i) manufacturers of core carrier grade networking equipment, including cellular antennas, routers and related semiconductor devices, (ii) satellite-based internet technology manufacturers and providers, (iii) mobile network operators (“MNOs”), (iv) enhanced mobile broadband chips and smart phone manufacturers, (v) manufacturers of new radio technology, wireless network test and optimization equipment, and cloud computing equipment, (vi) manufacturers and providers of software defined networking or network functions virtualization - including companies that focus on network/cloud analytics and monitoring platforms, and (vii) cell tower or data center real estate investment trusts (“REITs”).To determine whether an investment meets the criteria of a Connective Technology Company and, thus is eligible for inclusion in the Index, companies are screened from the universe of global companies with equity securities or depositary receipts listed on a U.S. exchange by MarketVector based on a company’s primary business activities in regulatory filings (e.g., financial statements, annual reports, investor presentations), analyst reports, and industry-specific trade publications. Connective Technology Companies identified by MarketVector’s screening process are added to the Index, subject to the 50% revenue threshold described above and meeting the requirements described below.At the time of each rebalance and reconstitution of the Index, each Connective Technology Company is ranked by its free-float market capitalization. The maximum weight for any single stock is 5% (1.5% for REITs and MNOs). 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 Connective Technology Company must have a minimum market capitalization of $200 million, and must meet certain liquidity, free-float (i.e., the percentage of shares available to the public), and trading cost thresholds.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 members of the eligible universe based on float-adjusted market capitalization 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 may include small-, mid-, and large-capitalization companies.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. The Fund’s Index Provider is not affiliated with the Fund’s adviser, sub-adviser, administrator, or distributor.The Fund’s Investment Strategy Under normal circumstances, at least 80% of the Fund’s net assets (plus borrowings for investment purposes) will be invested in Connective Technologies Companies (as defined above).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, 2025, the Index was concentrated in the semiconductor and communications equipment industries and a significant portion of the Index consisted of companies in the communications services and information technology sectors.
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Data for UFOX is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.