ETF Evaluator: China AI Tigers LLM ETF (TGRZ) Follow This ETF

China AI Tigers LLM ETF Overview

China AI Tigers LLM ETF (TGRZ) is an actively managed International Equity Greater China Region exchange-traded fund (ETF). Tidal Investments LLC launched the ETF in 2026.

The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities and derivative instruments of companies that are located in China or are economically tied to China and that derive at least 50% of their assets, revenues, or profits from developing or commercializing artificial intelligence foundation models, large language models, machine learning systems, cloud AI platforms, AI operating systems, or related software infrastructure. For purposes of the fund’s 80% policy, derivative instruments are valued at their notional value. It is non-diversified.

About China AI Tigers LLM ETF (TGRZ)

There are 3 members of the management team with an average tenure of 0.02 years: Andrew Hicks (2026), Qiao Duan (2026) and Kevin Carter (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

China AI Tigers LLM ETF has 7 securities in its portfolio. The top 10 holdings constitute 180.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

China AI Tigers LLM ETF is part of the Equity global asset class and is within the International Equity ETF group. China AI Tigers LLM ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.6% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -0.4% (-0.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). China AI Tigers LLM ETF has -34.9% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $1 billion average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

TGRZ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The China AI Tigers LLM ETF expense ratio is high compared to funds in the Greater China Region category. China AI Tigers LLM ETF has an expense ratio of 0.86%, which is 32% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. China AI Tigers LLM ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 55% for the Greater China Region category.

Recently, in the month of August 2026, China AI Tigers LLM ETF returned 0.0%, which earned it a grade of NA, as the Greater China Region category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

China AI Tigers LLM ETF has a trailing yield of 0.00%, which is below the 3.45% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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