ETF Evaluator:
Defiance AI Infrastructure Bond ETF ()
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(as of Nov 13)
Best Performing in Corporate Bond Over the Last Year
| 2.5% | Hilton BDC Corporate Bond ETF (HBDC) |
| 2.3% | PGIM Corporate Bond 0-5 Year ETF (PCS) |
| 2.1% | iShares Invm Grd Crp Bd Buywrt Stgy ETF (LQDW) |
| 1.0% | Pacer US Cash Cows Bond ETF (MILK) |
| 0.9% | State Street SPDR PortItmtTrmCrpBdIdxETF (SPIB) |
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ETF Details
Defiance AI Infrastructure Bond ETF Overview
Defiance AI Infrastructure Bond ETF (AIBN) is a passively managed Taxable Bond Corporate Bond exchange-traded fund (ETF). Defiance ETFs LLC launched the ETF in 2026.
The investment seeks to track the performance, before fees and expenses, of the MarketVector™ U.S. Hyperscalers and AI Bonds index.
Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in the component securities that make up the index. It is non-diversified.
About Defiance AI Infrastructure Bond ETF (AIBN)
There are 2 members of the management team with an average tenure of 0.03 years: Christopher Mullen (2026) and Nicholas Bast (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MarketVector?USHyprsclrsandAIBdsm TR USD index with a weighting of 100%. Defiance AI Infrastructure Bond ETF has 141 securities in its portfolio. The top 10 holdings constitute 14.7% 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.
Defiance AI Infrastructure Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Defiance AI Infrastructure Bond ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% 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 97.9% (97.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Defiance AI Infrastructure Bond ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $3 billion average for the Corporate Bond 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.
AIBN 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 Defiance AI Infrastructure Bond ETF expense ratio is average compared to funds in the Corporate Bond category. Defiance AI Infrastructure Bond ETF has an expense ratio of 0.41%, which is 76% 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. Defiance AI Infrastructure Bond 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 56% for the Corporate Bond category.
Recently, in the month of October 2026, Defiance AI Infrastructure Bond ETF returned 0.0%, which earned it a grade of NA, as the Corporate Bond category had an average return of 2.0%. 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.
Defiance AI Infrastructure Bond ETF has a trailing yield of 0.00%, which is below the 5.31% category average.
The fund normally distributes its income monthly 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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AIBN Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AIBN Return (NAV) | na | na | na | na | na | na |
| AIBN Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Corporate Bond Avg | 2.0% | -0.3% | -0.5% | 6.3% | 0.2% | 2.3% |
| AIBN Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| AIBN Tax-Cost Ratio | na | na | na | na | na | na |
AIBN Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AIBN Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| AIBN Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Corporate Bond Avg | -0.9% | 7.8% | 2.8% | 8.3% | -14.8% | -0.9% | 9.6% | 13.5% | -2.0% | 5.2% | 5.0% |
| AIBN Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 2 Mil |
| Share Class Assets: | $ 2 Mil |
| Turnover: | na |
| Expense Ratio: | 0.41% |
| Index Fund: | Yes |
| Index Tracked: | MarketVector?USHyprsclrsandAIBdsm TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Mullen Christopher (2026), Bast Nicholas (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 141 |
| % in Top 10 Holdings: | 14.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 97.9% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.6% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Defiance ETFs LLC |
| Phone Number: | 833-333-9383 |
| Website: | |
| Inception Date: | October 19, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.41% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.23% |
