[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-138909-105":3,"doc-detail-138909-en":81,"detail-sidebar-cat-0-en-105":97},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","defiance-ai-power-infrastructure-etf-usdacc-morningstar-report","Defiance AI & Power Infrastructure ETF USDAcc - Morningstar Report","","Morningstar report as of 23 Aug 2026 covering Defiance AI & Power Infrastructure ETF USDAcc. It outlines fund details and key statistics including NAV as of 21 Aug 2026, day change, trailing and standardised performance figures, and Morningstar rating status. The document details the investment objective focused on companies powering AI systems and related essential energy infrastructure, alongside portfolio composition, asset allocation, top holdings, style box characteristics, sector weightings, risk measures references, and regional equity exposure. Sources and regulatory disclosures accompany the performance methodology and past-performance caution.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/defiance-ai-power-infrastructure-etf-usdacc-morningstar-report/138909/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/defiance-ai-power-infrastructure-etf-usdacc-morningstar-report/138909.png","ImageObject",300,407,{"name":42,"@type":43},"Genevieve","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-24","2026-08-23",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",13,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does the fund aim to track according to the investment objective?","Question",{"text":63,"@type":64},"The fund seeks to track an index measuring companies driving artificial intelligence systems and the essential energy infrastructure powering them, including generation, utilities, data centres, and AI hardware providers.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What key performance information is included in the report?",{"text":68,"@type":64},"The report provides standardised performance windows (e.g., 1-year periods through 30 Jun of multiple years) and trailing returns as of 21 Aug 2026, with comparisons versus the index and category where applicable.",{"name":70,"@type":61,"acceptedAnswer":71},"How is the portfolio allocated across asset types and what are the top holdings?",{"text":72,"@type":64},"The portfolio allocation shows a predominantly stock-based exposure (about 99.80% long) with minimal cash and no bonds. The top 10 holdings are listed with their portfolio weights, led by GE Vernova Inc, Eaton Corp PLC, and Quanta Services Inc.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},138909,1787491166,{"code":4,"msg":82,"data":83},"success",{"doc_id":79,"user_id":84,"nickname":42,"user_avatar":85,"doc_module":4,"category_id":86,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":87,"file_id":88,"file_url":89,"file_type":90,"file_size":91,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":33,"language":92,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":93,"faqs":94,"seo_title":95,"seo_description":12,"update_tm":80,"read_time":96,"preview_page_count":4},1374391974585,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Report as of 23 Aug 2026  \n| Defiance AI & Power Infrastructure ETF USDAcc |  |  |  |  |  |\n| --- | --- | --- | --- | --- | --- |\n| Key Stats |  |  |  |  |  |\n| Manager Name Inception Date NAV (21 Aug 2026) Day Change\u003Cbr>12 Month Yield ISIN | -\u003Cbr>26 Mar 2026 8.54 USD\u003Cbr>-0.05%\u003Cbr>-% IE000WUTBLT5 | Dividend Frequency Net Assets (mil) 20/08/2026 Wrapper Availability Our Minimum Initial Investment Pricing Frequency\u003Cbr>Dealing Cut off Time\u003Cbr>Regular Investment | -57.86 USD\u003Cbr>Daily | Actual Initial Charge Exit Charge Custody Charge Ongoing Cost AMC\u003Cbr>Fund Rebate | -%\u003Cbr>-\u003Cbr>0.69%\u003Cbr>0.69%\u003Cbr>-% |\n\nMorningstar® Category Index  \nMorningstar Global Equity Infrastructure NR USD Used throughout report  \nFund Benchmark  \nDefiance US Listed AI&Power Infra USD  \nMorningstar Rating™  \n-  \nRating  \nNot Rated  \nMorningstar® Category  \nSector Equity Infrastructure  \nIMA Sector  \n-  \nInvestment Objective  \nThe investment objective of the fund is to track the price of an index that is designed to measure the performance of companies driving artificial intelligence (AI) systems and the essential energy to power these systems, including power generation, utilities, data centres, and AI hardware.  \n\n|  |  |  |  |  | |\n| --- | --- | --- | --- | --- | --- |\n|  |  |  |  |  |  |\n|  |  |  |  |  |  |\n|  |  |  |  |  | |\n|  |  |  |  |  | |\n|  |  |  |  |  |  |\n|  |  |  |  |  |  |\n| 2021 | 2022 | 2023 | 2024 | 2025 | 07/26 |\n|  |  |  |  |  |  |\n\n11.0  \n10.8  \n10.5  \n10.3  \n10.0  \n9.8  \n9.5K  \nPerformance  \n- - - - - - Fund  \n- - - - - - +/ -Index  \n- - - - - - +/-Category  \n- - - - - - Percentile Rank  \nThis information relates to past performance, which is not a reliable indicator of future returns.  \nStandardised Performance  \n1 Yr to 1 Yr to 1 Yr to 1 Yr to 1 Yr to  \n30 Jun 22 30 Jun 23 30 Jun 24 30 Jun 25 30 Jun 26  \n- - - - -  \n12 Months Total Return (bid to bid) . Source: Morningstar, net income reinvested. This table complies with the FCA's regulations to compare different products from different providers.  \nTrailing Returns  \n(21 Aug 2026)  \n3 Months  \n6 Months  \n1 Year  \n3 Years Annualised  \n5 Years Annualised  \nReturn % +/-Idx +/-Cat  \n- - -  \n- - -  \n- - -  \n- - -  \n- - -  \nPortfolio 20 Aug 2026  \nAsset Allocation  \nStocks Bonds Cash Other  \n% Long 99.80 0.00  \n0.20 0.00  \n% Short  \n0.00 0.00 0.00  \n0.00  \n% Net 99.80 0.00  \n0.20 0.00  \n\n| Top 10 Holdings | Sector | % Port. |\n| --- | --- | --- |\n| GE Vernova Inc | p | 9.08 |\n| Eaton Corp PLC | p | 9.02 |\n| Quanta Services Inc | p | 8.30 |\n| Vertiv Holdings Co Class A | p | 7.45 |\n| NVIDIA Corp | a | 4.41 |\n| Constellation Energy Corp | f | 4.12 |\n| Broadcom Inc | a | 3.99 |\n| Bloom Energy Corp Class A | p | 3.92 |\n| Cameco Corp | o | 3.88 |\n| Advanced Micro Devices Inc | a | 2.33 |\n\nTotal Stock Holdings 81  \nTotal Bond Holdings 0  \nAssets in Top 10 Holdings % 56.52  \nMorningstar Equity Style Box™  \n\n|  |  |  |\n| --- | --- | --- |\n|  |  |  |\n|  |  |  |\n\nValue Blend Growth  \nStyle  \nGiant Large Medium Small Micro  \nAvg Mkt Cap  \n% Equity  \n10.84 46.09 23.35 11.96  \n7.76  \n60353 USD  \nSize  \nLarge Mid Small  \n\n| Sector Weightings |  | % Equity |\n| --- | --- | --- |\n| h | Cyclical | 3.84 |\n| r t\u003Cbr>y u | Basic Materials Consumer Cyclical\u003Cbr>Financial Services Real Estate | -\u003Cbr>-\u003Cbr>2.78\u003Cbr>1.07 |\n| j | Sensitive | 79.11 |\n| i | Communication Services | 0.50 |\n| o | Energy | 7.56 |\n| p | Industrials | 54.98 |\n| a | Technology | 16.07 |\n\nk  \ns d  \nf  \nDefensive  \nConsumer Defensive Healthcare Utilities  \n17.05  \n-  \n-  \n17.05  \n\n| Quarterly Returns | 1st qtr 2nd qtr 3rd qtr 4th qtr |  |\n| --- | --- | --- |\n| Risk Profile |  |  |\n| Risk Measures |  |  |\n| 3-Yr Alpha - 3-Yr Sharpe Ratio |  | - |\n| 3-Yr Beta - 3-Yr Std Dev |  | - |\n| R-Squared - 3-Yr Risk |  | - |\n| Information Ratio - 5-Yr Risk |  | - |\n| Tracking Error - 10-Yr Risk |  | - |\n| Calculations use Morningstar Gbl Eq Infra NR USD (where applicable) |  |  |\n| World Regions | % Equity |  |\n| Americas | 96.39 |  |\n| United States | 91.13 |","cbCaitdM9D8z4RwF","https://ap.wps.com/l/cbCaitdM9D8z4RwF","pdf",130071,"English","# Fund Overview\n## Key Stats and Investment Objective\n# Performance and Risk\n## Standardised Performance and Trailing Returns\n# Portfolio Composition\n## Asset Allocation, Top 10 Holdings, and Style Box\n# Equity Exposure\n## Sector Weightings and World Regions","[{\"question\":\"What does the fund aim to track according to the investment objective?\",\"answer\":\"The fund seeks to track an index measuring companies driving artificial intelligence systems and the essential energy infrastructure powering them, including generation, utilities, data centres, and AI hardware providers.\"},{\"question\":\"What key performance information is included in the report?\",\"answer\":\"The report provides standardised performance windows (e.g., 1-year periods through 30 Jun of multiple years) and trailing returns as of 21 Aug 2026, with comparisons versus the index and category where applicable.\"},{\"question\":\"How is the portfolio allocated across asset types and what are the top holdings?\",\"answer\":\"The portfolio allocation shows a predominantly stock-based exposure (about 99.80% long) with minimal cash and no bonds. The top 10 holdings are listed with their portfolio weights, led by GE Vernova Inc, Eaton Corp PLC, and Quanta Services Inc.\"}]","Defiance AI & Power Infrastructure ETF USDAcc - Morningstar Report | PDF",10,{"code":4,"msg":82,"data":98},[99,103,107,111,116,121,126,129,134,137,140],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":104,"show_sort_weight":105,"slug":106},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":108,"show_sort_weight":109,"slug":110},"Exam",70,"exam",{"id":112,"doc_module":4,"doc_module_name":25,"category_name":113,"show_sort_weight":114,"slug":115},5,"Comic",60,"comic",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":118,"show_sort_weight":119,"slug":120},6,"Technology",50,"technology",{"id":122,"doc_module":4,"doc_module_name":25,"category_name":123,"show_sort_weight":124,"slug":125},7,"Healthcare",40,"healthcare",{"id":86,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":127,"slug":128},30,"research-report",{"id":130,"doc_module":4,"doc_module_name":25,"category_name":131,"show_sort_weight":132,"slug":133},9,"Religion & Spirituality",20,"religion-spirituality",{"id":132,"doc_module":4,"doc_module_name":25,"category_name":135,"show_sort_weight":132,"slug":136},"World Cup","world-cup",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":138,"show_sort_weight":96,"slug":139},"Lifestyle","lifestyle",{"id":141,"doc_module":4,"doc_module_name":25,"category_name":142,"show_sort_weight":112,"slug":143},19,"General","general"]