Defiance Drone and Modern Warfare ETF seeks to track the total return performance, before fees and expenses, of the BITA Drone & Modern Warfare Select Index (the "Index"). The fund uses a "passive management" approach to track the total return performance, before fees and expenses, of the index. The index seeks to track the performance of companies that are publicly traded on recognized global exchanges in developed markets and generate significant revenue from the modern warfare industry. The fund is non-diversified.
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