ETF Series Solutions – Defiance US 100 Tech Ex Software ETF is a U.S.-domiciled exchange-traded fund series that seeks to provide investment results, before fees and expenses, corresponding generally to the total-return performance of the Indxx US 100 Tech Focused Ex Software Technology Index. The fund offers passive, rules-based exposure to large Nasdaq-listed, non-financial U.S. companies while excluding businesses that derive 50% or more of revenue from software-focused activities, including application and systems software, cloud infrastructure, cybersecurity, engineering and data platforms, and IT services. Its portfolio is designed to emphasize technology hardware, semiconductors, communications infrastructure and other non-software technology-oriented businesses; holdings have included Nvidia Corp., Apple Inc., Amazon.com Inc., Meta Platforms Inc., Micron Technology Inc., Advanced Micro Devices Inc., Tesla Inc., Broadcom Inc. and Alphabet Inc.
The fund was formed on June 24, 2026, trades on the Cboe exchange under the ticker XIGV, and is sponsored by ETF Series Solutions. It is co-managed by Tidal Investments LLC and Defiance ETFs, LLC, with Defiance ETFs serving as the fund’s thematic ETF brand and distribution platform. XIGV invests primarily in publicly traded U.S. equities and uses a full-replication approach to track its underlying index; the index begins with the 100 largest Nasdaq-listed non-financial companies and applies the software-revenue exclusion screen. The fund is intended for investors seeking targeted exposure to large-cap technology and technology-enabled businesses outside the software industry, including semiconductor, hardware and AI-infrastructure-related companies.
The principal recent company development is the June 2026 launch of XIGV by Defiance ETFs as a new thematic ETF offering positioned as the first U.S. ETF designed to target Nasdaq-100-style exposure while systematically screening out software companies. The launch expands Defiance’s product range in thematic and leveraged exchange-traded funds and introduces an alternative technology allocation intended to capture non-software technology segments, particularly semiconductor, hardware and infrastructure businesses, amid investor interest in artificial intelligence infrastructure. As of September 2026, XIGV reported a 0.65% gross expense ratio, approximately 79 portfolio holdings and primary exchange listing on Cboe.