SHOC Profile
The Strive U.S. Semiconductor ETF focuses on investing in the U.S. semiconductor sector, a key component of the technology industry. The fund tracks an index that is a subset of a broader float-adjusted capitalization-weighted index, encompassing approximately 99% of the free-float market capitalization within the U.S. stock market. This index specifically targets companies engaged in the semiconductor industry, capturing a significant portion of the sector's market capitalization.
Under normal market conditions, the fund is required to invest at least 80% of its total assets, excluding any collateral held from securities lending, in equity securities of U.S. semiconductor companies. This strategic focus allows the fund to concentrate on businesses that design, manufacture, or distribute semiconductor products. By concentrating on this niche sector, the fund aims to capitalize on the growth and technological advancements within the semiconductor industry.
The U.S. semiconductor industry is integral to the technology landscape, encompassing a range of companies involved in the production of microchips, integrated circuits, and other semiconductor components used in various electronic devices. These companies play a crucial role in advancing technology across multiple sectors, including consumer electronics, automotive, telecommunications, and industrial applications. The fund's investment approach reflects a commitment to capturing the performance of this dynamic and essential industry.
As a non-diversified fund, the Strive U.S. Semiconductor ETF maintains a concentrated exposure to the semiconductor sector, which may lead to higher volatility compared to more broadly diversified funds. Investors in this ETF can expect to gain targeted exposure to the growth potential of the semiconductor industry while bearing the associated risks. The fund’s focus on U.S.-based semiconductor companies aligns with its objective to provide specialized exposure to a critical segment of the technology market.
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