What this ETF is trying to do

The Defiance Retail Kings ETF (RKNG) is an exchange-traded fund that holds a variety of companies. Based on its top holdings, the fund invests in technology and science companies, including those focused on semiconductors, biotechnology, and space technology.

What the numbers show

As of October 5, 2026, the current price of one share is $26.03.

There is currently no data supplied for the year-to-date, one-year, or three-year price returns. Similarly, total return data was not supplied. Because there is not enough verified price history, an erosion score is not available at this time.

Top Holdings

The fund holds a total of 32 companies. Because the list provided is partial, these are the Top Holdings as of October 7, 2026:

• Twist Bioscience Corp: 3.96%

• Moderna Inc: 3.87%

• Advanced Micro Devices Inc: 3.78%

• CrowdStrike Holdings Inc Class A: 3.74%

• Intel Corp: 3.67%

• DigitalOcean Holdings Inc: 3.63%

• SanDisk Corp Ordinary Shares: 3.61%

• Micron Technology Inc: 3.49%

• Ouster Inc Ordinary Shares Class A: 3.49%

• Rocket Lab Corp: 3.48%

Please keep in mind that holdings can change over time.

Income and distribution explanation

The distribution yield for this ETF is 0%. There have been no distributions detected, and the payout count for the last 12 months is zero. This means the fund does not currently pay out cash to investors.

NAV Erosion Explanation

NAV erosion happens when the net asset value (the actual value of the fund's underlying assets) declines over time. Investors who want steady income usually care about principal stability so their original investment doesn't shrink.

For this ETF, the severe erosion-risk flag is false. However, as mentioned before, there is not enough price history to provide a specific erosion-risk score.

Pros

• The fund provides exposure to several high-tech sectors, such as AI chips and biotech.

• There is no severe erosion-risk flag currently active.

Cons

• The fund does not provide any cash income through distributions.

• There is a lack of available historical performance data (price and total returns).

• It has an income rating grade of "D."

Beginner takeaway

RKNG is a fund focused on growth-oriented companies rather than providing regular cash payments. For new investors, it is important to remember that a high distribution yield can sometimes be misleading if the share price is falling. In this case, there is no yield to consider, and there is limited historical data available to judge how the price has moved over the last few years.