Defiance Large Cap ex-Mag 7 ETF XMAG Strategy

The investment seeks to track the performance, before fees and expenses, of the BITA U.S. 500 ex-Magnificent 7 Index. The index aims to provide a comprehensive and balanced representation of the U.S. equity market by including the largest 500 publicly traded equity securities, while specifically excluding the seven largest technology companies commonly referred to as the “Magnificent 7”. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in equity securities of large-cap companies.