TWAI — Defiance Taiwan AI Leaders ETF

TWAI Fund Overview

TWAI — Defiance Taiwan AI Leaders ETF is a US ETF managed by Tidal Trust V, categorised as Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Tidal Trust V
• Category: Blend / Core Equity
• Ticker: TWAI
• SEC CIK: 0002081107
• SEC series ID: S000108727
• Share class ID: C000279757

TWAI Investment Objective and Strategy

Defiance Taiwan AI Leaders ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust V.

Investment objective

Defiance Taiwan AI Leaders ETF (the “Fund”) seeks to track the performance, before fees and expenses, of the BITA Taiwan AI Leaders Index (the “Index”).

Principal investment strategy

Overview The Fund uses a “passive management” (or indexing) approach to seek to track the performance, before fees and expenses, of the Index. The Index is constructed using a rules-based methodology that identifies publicly listed Taiwanese companies that operate across the artificial intelligence (“AI”) value chain, as classified by BITA GmbH (the “Index Provider”). Index Overview The Index is rules-based. The Index is designed to track the performance of publicly listed Taiwanese companies operating across the following areas of the AI value chain: AI Hardware Infrastructure, AI Software and Services, AI Applications, and AI Capital Infrastructure. For purposes of determining eligibility, the Index defines a publicly listed Taiwanese company as one whose equity securities are listed on one of the exchanges listed under the prospectus section titled “Additional Information About the Funds.” To be eligible for inclusion, a company must derive significant business exposure from the AI value chain as discussed under the Thematic Exposure Requirement below.

AI value chain areas include: ● AI Hardware Infrastructure : Includes companies that design, develop, and manufacture the hardware that enables artificial intelligence, including AI processors, accelerators, networking technologies, memory, and storage systems used to support AI training and inference. ● AI Software and Services : Includes companies that develop the software, platforms, and services used to build, deploy, and operate AI systems, including foundational models, AI data platforms, and machine learning operations (MLOps) and AI application platforms. ● AI Applications : Includes companies that develop AI-enabled software, products, and autonomous systems, including generative AI, agentic AI, and physical AI solutions, as well as companies that have strategically integrated AI into their core products, services, or operations.

● AI Capital Infrastructure : Includes companies that provide the physical in

TWAI Costs and Fees

TWAI costs about $71 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.71%
• Gross expense ratio: 0.71%

TWAI Debt Constituents

No individual debt constituents are reported in Defiance Taiwan AI Leaders ETF's latest SEC N-PORT filing.

TWAI Prospectus and SEC Filings

Official Defiance Taiwan AI Leaders ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-10-02

Related Funds

Other Blend / Core Equity funds tracked on ABC INVEST:

• Redwood Activist Leaders Fund (RWLIX)
• Patriot Fund (TRFAX)
• ARK Transparency ETF (CTRU)
• The De-SPAC ETF (DSPC)
• Franklin FTSE Russia ETF (FLRU)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.