Five new ETF prospectuses are for funds that have not started trading
Defiance says Tidal Trust V's Defiance AI Infrastructure Bond ETF, AIBN, has launched.
Key takeaways
Five ETF prospectuses dated this week are for funds that have not commenced operations. Defiance says one bond fund has launched.
Defiance says a bond ETF has launched
AIBN is a series of Tidal Trust V, which filed the summary prospectus on Monday. Tidal Investments is the adviser. The fund seeks to track the MarketVector US Hyperscalers and AI Bonds Index, before fees and expenses. Under normal circumstances it will invest at least 80% of its net assets, plus borrowings for investment purposes, in the securities in that index. Total annual fund operating expenses are 0.41%. NYSE Arca is the listing exchange.
Defiance said on Tuesday that the fund had launched. The firm described the exposure as U.S. dollar corporate bonds of hyperscalers, semiconductor companies, and AI computing and infrastructure companies, with no stocks.
What the five charge, and what the prospectuses say they buy
The figure in the table is the same line in each prospectus, total annual fund operating expenses. None of the five says the fund has commenced operations.
Yorkville's amendment was marked effective immediately on Monday's filing. First Trust's was marked effective Tuesday, the date on its prospectus. THOR Financial Technologies Trust's was marked effective Wednesday, the date on its prospectus. Thrivent ETF Trust's two summaries are dated Oct. 19, and the SEC filing date on each is Tuesday, Oct. 20.
YADB tracks the MarketVector Anti-Debasement Index, which holds the iShares Bitcoin Trust ETF, IBIT, SPDR Gold Shares, GLD, and the iShares Silver Trust, for exposure to bitcoin, gold and silver.
IBLY invests in call options on the iShares 0-3 Month Treasury Bond ETF, a put spread on the S&P 500 or an ETF that tracks that index, and Treasury securities or cash.
Under normal circumstances, TLCE invests at least 80% of its net assets, plus borrowings for investment purposes, in the stocks of large-capitalization companies. TSIE invests at least 80% of its net assets, plus borrowings for investment purposes, in securitized securities, including mortgage-backed securities, collateralized loan obligations and asset-backed securities.
THCR invests in stocks and in other ETFs, including leveraged ETFs, across equities, bonds, commodities and alternatives, and may take indirect Bitcoin and Ethereum exposure through exchange-traded products. The fee table, estimated for the current fiscal year, lists a management fee of 0.85%, acquired-fund fees of 0.25%, and total annual fund operating expenses of 1.10%. The acquired-fund line is the indirect cost of holding other funds.
On Monday, Goldman Sachs ETF Trust filed a summary prospectus for the Goldman Sachs Core Plus Bond ETF, GCPB. J.P. Morgan Exchange-Traded Fund Trust filed a post-effective amendment the same day, naming 15 series already in the trust, with an effectiveness date of Nov. 1.
No fund filed to close.
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