This exchange-traded fund (ETF) aims to track a systematically constructed index. This index comprises publicly traded companies from around the globe that are identified as "Travel Companies" by MV Index Solutions. To qualify, these companies must generate at least half of their revenue from either the passenger airline, hotel and resort, or cruise industries. Under typical conditions, the fund dedicates a minimum of 80% of its net assets (including any borrowed capital for investment) to these travel-focused businesses. It is classified as a non-diversified fund.

Royal Caribbean Cruises Ltd.

Hilton Worldwide Holdings Inc.

Marriott International, Inc.

Delta Air Lines, Inc.

Carnival Corporation & plc

United Airlines Holdings, Inc.

Ryanair Holdings plc

InterContinental Hotels Group PLC

H World Group Limited

Southwest Airlines Co.

Consumer Cyclical

Industrials

Real Estate

Defiance Hotel, Airline, and Cruise ETF

CRUZ Holdings & Sector Breakdown