The Defiance Hotel, Airline, and Cruise ETF (CRUZ) is an exchange-traded fund designed to provide exposure to companies operating in the hotel, airline, and cruise industries. The ETF is managed by Defiance ETFs and trades under the ticker CRUZ on the NYSE Arca.

Classified as a sector equity ETF, the fund invests in companies involved in hospitality, air transportation, tourism, and leisure. Its portfolio includes hotel operators, airlines, cruise companies, and other businesses directly tied to the global travel industry.

The ETF follows a passive management strategy and seeks to track an index composed of leading companies from these industries, providing investors with broad exposure to the travel and tourism sector through a single investment.

Diversification and sector exposure

CRUZ provides exposure primarily associated with:

• Hotel operators.

• Airlines.

• Cruise companies.

• Tourism and leisure.

• Hospitality.

• Passenger transportation.

• Consumer discretionary companies.

• Global travel industry.

The portfolio includes companies whose businesses depend on demand for business and leisure travel, representing multiple segments of the global tourism industry.

The ETF's performance generally reflects activity across the travel sector and is influenced by tourism demand, airline passenger traffic, hotel occupancy rates, cruise bookings, and broader global economic conditions.

Structure and costs

CRUZ shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The Defiance Hotel, Airline, and Cruise ETF was launched in 2021 to provide investors with exposure to companies positioned to benefit from the recovery and long-term growth of the global travel industry.

Since inception, the fund has tracked an index composed of hotel, airline, and cruise companies, reflecting global trends in tourism and passenger mobility.

Over time, the ETF has been influenced by the recovery of international travel, the rebound in leisure spending, global macroeconomic conditions, and evolving consumer travel preferences.

Additional Information

Defiance Hotel, Airline, and Cruise ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $22.44 million.

Over the past 12 months, Defiance Hotel, Airline, and Cruise ETF recorded a return of 0.00%, with its price trading between $0.00 and $0.00 during the same period.

The ETF is traded under the ticker CRUZ.