The fund’s expense ratio is 0.65 percent.
Based in New York City, Defiance ETFs is led by Bielski, who before founding Defiance was head of asset allocation and ETF distribution at Direxion ETFs.
The company has two other ETFs in registration with the Securities and Exchange Commission. One is the Defiance Quantum ETF (QTUM); the other is the Defiance Vehicle & Technology Innovators ETF (ZCAR).
The former tracks the BlueStar Quantum Computing and Machine Learning Index and is slated to charge an expense ratio of 0.65 percent. The latter follows the BlueStar Autonomous Driving Index and is scheduled to charge 0.35 percent.
Bielski says those funds should be ready to launch in the coming weeks.
Regarding AUGR, he offers that it can be used as an alpha-generating satellite holding to a core technology portfolio.