ZCAR — Defiance Next Gen SPAC Derived ETF

ZCAR Fund Overview

ZCAR — Defiance Next Gen SPAC Derived ETF is a US ETF managed by ETF Series Solutions, categorised as Emerging Markets Growth Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: ETF Series Solutions
• Category: Emerging Markets Growth Thematic Equity
• Assets under management: $14.66M
• 1-year return: -49.9%
• Ticker: ZCAR
• SEC CIK: 0001540305
• SEC series ID: S000062479
• Share class ID: C000202669

ZCAR Investment Objective and Strategy

Defiance Next Gen SPAC Derived ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Series Solutions.

Investment objective

The Defiance Vehicle & Technology Innovators ETF (the Fund) seeks to track the total return performance, before fees and expenses, of the BlueStar Autonomous Driving Index (the Index).

Principal investment strategy

The Fund uses a passive management (or indexing) approach to track the total return performance, before fees and expenses, of the Index. BlueStar Autonomous Driving Index The Index consists of a modified equal-weighted portfolio of the stock of companies whose products or services are predominantly tied to autonomous driving technology. Such technologies include global positioning systems (GPS) and sensors, network connectivity, display and control systems, and autonomous automobile manufacturing. The companies included in the Index are screened semi-annually from the universe of globally-listed stocks (including in emerging markets) by BlueStar Global Investors, LLC (BlueStar or Index Provider) based primarily on descriptions of a companys primary business activities in regulatory filings ( e.g.

, financial statements, annual reports, investor presentations), analyst reports, and industry-specific trade publications. Companies identified by BlueStars screening process are then screened for investibility, including a minimum market capitalization of US$150 million and minimum liquidity thresholds. The Index is rebalanced and reconstituted semi-annually after the close of business on the third Friday of June and December each year based on data as of the Tuesday before the second Friday of June and December each year. As of May 4, 2018, the Index had 61 constituents, 25 of which were listed on a non-U.S. exchange. At the time of each rebalance and reconstitution of the Index, each constituent is equally-weighted, subject to a downward adjustment for securities trading below certain liquidity thresholds.

Additionally, the weight of each Index component may rise and/or fall between Index rebalance dates. The Index was established in 2018 and is owned by the Index Provider. The Funds Investment Strategy The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index. Under normal circumstances, at least 80% of the Funds total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Index or in depositary receipts representing such component securities. The Fund expects that, over time, the correlation between the Funds performance and that of the Index, before fees and expenses, will be 95% or better. The Fund will generally use a replication strategy to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index in the same approximate proportions as in the Index .

However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index as a whole, when the Funds sub-adviser believes it is in the best interests of the Fund ( e.g. , when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index). The Fund generally may invest up to 20% of its total assets (exclusive of any collateral held from securities lending) in securities or other investments not included in the Index, but which the Funds sub-adviser believes will help the Fund track the Index.

For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions). To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. As of May 4, 2018, the Index was concentrated in the semiconductor and automobile industries.

ZCAR Performance

Total returns for ZCAR (as of 2026-10-01), from SEC filings.

ZCAR Risk Information

Risk metrics for ZCAR, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 22.8%

ZCAR Costs and Fees

ZCAR costs about $45 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.45%
• Gross expense ratio: 0.45%
• Portfolio turnover: 149%
• Brokerage commissions: 21.14 bps of average net assets (SEC N-CEN)

ZCAR Cashflows

Over the 12 months to 2022-06, Defiance Next Gen SPAC Derived ETF had net inflows of $65.34M, from monthly SEC N-PORT filings.

ZCAR Debt Constituents

No individual debt constituents are reported in Defiance Next Gen SPAC Derived ETF's latest SEC N-PORT filing.

ZCAR Prospectus and SEC Filings

Official Defiance Next Gen SPAC Derived ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-04-26
• Prospectus (485BPOS) — filed 2021-04-27
• Prospectus supplement (497) — filed 2020-10-01
• Portfolio holdings (N-PORT) — filed 2022-08-26
• Portfolio holdings (N-PORT) — filed 2022-05-31
• Portfolio holdings (N-PORT) — filed 2022-02-25
• Annual census (N-CEN) — filed 2022-03-16
• Annual census (N-CEN) — filed 2021-03-16

Related Funds

Other Emerging Markets Growth Thematic Equity funds tracked on ABC INVEST:

• Cannabis Growth Fund (CANNX)
• Parabla Innovation ETF (LZRD)
• Anthropic AI Lab Ecosystem ETF (ANTW)
• Emerging Markets AI ETF (EMIQ)
• Emerging Markets AI Mag 3 ETF (EMAG)

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.