VistaShares Artificial Intelligence 슈퍼사이클® ETF

AIS는 AI 반도체, 데이터 센터 및 AI 기반 애플리케이션 분야에 참여하는 글로벌 기업에 투자하는 AI 인프라 ETF인 VistaShares Artificial Intelligence Supercycle® ETF입니다. 이 ETF는 고성능 반도체를 생산하는 기업과 AI 기반 애플리케이션 및 데이터 센터 구축 및 운영에 따른 수익을 창출하는 AI 기업에 적극적으로 투자하여 장기 자본 성장을 추구합니다. AIS는 뉴욕 증권거래소(NYSE)에서 거래됩니다.

AIS is an exchange-traded fund (ETF), not a single company’s stock. One AIS share represents an interest in a portfolio of 65 to 75 global AI companies. Its shares trade on the NYSE during market hours like a stock, under the ticker AIS.

Yes. AIS is positioned as an AI infrastructure ETF: its investment focus is the infrastructure that supports AI development and use, meaning the chips (GPUs, memory and data processing units), the data centers that house them, and the applications that run on them. It trades on the NYSE under the ticker AIS. See our guide to the AI supply chain.

Yes. AIS, the VistaShares Artificial Intelligence Supercycle® ETF, is an AI ETF holding 65 to 75 global companies involved in AI semiconductors, data centers and AI-enabled applications. It seeks long term capital appreciation. Other AI ETFs take different approaches, so compare objectives, holdings, fees and risks with a financial advisor.

AIS holds stocks of global companies involved in high-performance semiconductors used for AI, AI data centers and AI-enabled applications, selected through VistaShares’ Bill of Materials process. It may also hold depositary receipts and cash or cash equivalents. The full holdings list is on the AIS fund page and is updated daily.

Under normal circumstances, AIS invests at least 80% of its net assets (plus borrowings for investment purposes) in AI companies, meaning companies involved in AI semiconductors, AI data centers and AI-enabled applications. It may invest up to 20% in companies that VistaShares considers emerging AI companies, judged by public business plans, capital spending, research and development, and acquisitions. That 20% may also be held in cash or cash equivalents, including money market funds.

AIS focuses on companies involved in AI semiconductors, AI data centers and AI-enabled applications. A company that simply uses AI in an otherwise unrelated business is generally outside that focus, and AIS does not hold private companies. The exception is the up to 20% the fund may hold in emerging AI companies or cash.

AIS’s investment adviser is VistaShares Advisors LLC, and the portfolio is run by the VistaShares Investment Committee. The committee applies the fund’s Bill of Materials process across AI semiconductors, data centers and applications and reviews the portfolio between its June and December rebalances. Information about the firm and its team is on the VistaShares에 관하여 페이지.

The VistaShares Investment Committee oversees and manages all VistaShares ETFs, combining investment professionals and scholars with advisors who have operated businesses in the industries the funds cover. For AIS, that includes experience in AI computing and chip supply chains. More about the committee is on the VistaShares에 관하여 페이지.

AIS maps the AI supply chain, from chips to data centers to applications, using VistaShares’ Bill of Materials process, then selects and weights the companies contributing to each step. The portfolio focuses on companies involved in AI semiconductors, AI data centers and AI-enabled applications. The portfolio is rebalanced each June and December, and the Investment Committee may add or remove companies in between.

No. AIS is an actively managed ETF. It follows a rules-based methodology, set out in its rule book, for identifying AI companies and weighting them through the Bill of Materials process, and the Investment Committee may add or remove companies between rebalance dates. Up to 20% of net assets may be invested in emerging AI companies or in cash and cash equivalents.

VistaShares ETFs are actively managed and follow a researched, rules-based methodology designed to provide exposure to the theme an investor is seeking. In AIS, that methodology maps the AI supply chain from high-performance semiconductors to the data centers and applications built on them.

In AIS, the risk management overlay is the Investment Committee’s monitoring of companies across the AI supply chain, from semiconductors to data centers and applications, between the June and December rebalances. If the committee considers it necessary, it may add or remove companies before the next rebalance date. The overlay is designed to let the portfolio respond to changes in a fast-moving industry; it does not eliminate risk.

Supercycles are long-term trends in which technological advances disrupt existing economic models. VistaShares builds each Supercycle® ETF around one such trend; AIS is built around artificial intelligence and the infrastructure that supports its development and use. See our guide to what a supercycle is in investing.

The AI supercycle is VistaShares’ term for the long-term trend of artificial intelligence development and adoption, and the infrastructure investment it requires. VistaShares calls it a supercycle because it views AI as a technological advance that is disrupting existing economic models. AIS seeks to invest across that supply chain: high-performance semiconductors, AI data centers and AI-enabled applications.

VistaShares analyzes each target industry’s supply chain to identify the companies and profit pools in each sub-industry segment that have significant economic exposure to the theme. For AIS, the segments run from GPU, memory and data processing chips through the data centers that house them to the applications built on them.

The Bill of Materials process is how VistaShares identifies and weights the companies contributing to each step in the production process that leads to a final product. For AIS, the final product is AI in use, so the process works back through the applications, the data centers they run in, and the semiconductors inside those data centers.

The AI Supercycle Bill of Materials begins with high-performance semiconductors: graphics processing units (GPUs), video memory (VRAM) and data processing units (DPUs). The fund’s mandate also covers AI data centers and AI-enabled applications.

The GPU section covers companies that design and produce graphics processing units optimized for AI processing, machine learning and high-performance computing. It includes research and development of advanced architectures, fabrication of semiconductor wafers and assembly of GPU units, with a focus on computational power, energy efficiency and the parallel processing AI requires. Specific holdings are listed on the fund page.

The VRAM section covers companies that develop and manufacture high-capacity video memory that supports GPUs in handling large datasets and complex computations. It includes advances in memory technology that improve bandwidth, latency and overall performance for AI and other data-intensive applications.

A data processing unit is a chip designed to offload data-intensive tasks from the CPU, such as network traffic management, security processing and data storage management, so the system runs more efficiently. AIS’s Bill of Materials includes companies developing DPUs because they are part of the computing hardware that AI workloads depend on.

AI-enabled applications are software products and services built on AI. AIS’s objective includes global AI companies that build and operate AI-enabled applications, alongside semiconductor makers and data center companies.

AIS holds 65 to 75 individual companies. The full list, updated daily, is on the fund page.

AIS is rebalanced semi-annually, in June and December. Between rebalances, the Investment Committee may add or remove companies through its risk management overlay, for example if a company’s business moves away from the AI supply chain.

The full methodology is in the VistaShares Artificial Intelligence Supercycle ETF (AIS) rule book, linked from the AIS fund page. The prospectus describes the fund’s strategy, its 80% policy and its risks; it is linked on the fund page with the summary prospectus, SAI and shareholder reports.

One way is through an ETF that includes data center companies. AIS invests in companies that build and operate AI-enabled data centers, along with the semiconductor makers that supply them and AI-enabled applications, in a single NYSE-listed fund. Buying individual data center stocks is another route, with more company-specific risk. Discuss with your financial advisor which approach, if any, fits your portfolio.

AIS is an AI infrastructure ETF that includes data center companies, but it is not a dedicated data center fund. Data centers are one part of its mandate, alongside high-performance semiconductors and AI-enabled applications. For power infrastructure, VistaShares offers POW, the AI Power Infrastructure ETF. See our guide to how data centers work.

AIS includes AI semiconductors as a core part of its portfolio. Its Bill of Materials covers GPUs, video memory and data processing units used in AI and high-performance computing. It is not a pure semiconductor fund: it also invests in AI data centers and AI-enabled applications.

Owning a few large AI stocks concentrates results in those companies. AIS holds 65 to 75 companies across the AI supply chain, including chip, memory and data processing suppliers, data center operators and application companies, weighted by their contribution to each step in its Bill of Materials. It is still concentrated in one theme and in technology, so it remains subject to industry-wide risks.

VistaShares does not rank AI ETFs, and no single fund suits every investor. AIS is an actively managed AI infrastructure ETF that uses a Bill of Materials process to select and weight companies across AI semiconductors, data centers and applications, with semi-annual rebalancing. When comparing AI ETFs, look at objective, holdings, fees and risks, and discuss the choice with a financial advisor. See our guide to how to evaluate a thematic ETF.

AIS differs from broad thematic AI funds mainly in how it selects companies. It focuses on the infrastructure supporting AI development and use; maps the AI supply chain, from GPUs, memory and data processing units to data centers and applications, through its Bill of Materials; and weights companies by their contribution to each step. An investment committee advised by AI industry operators oversees it.

AIS invests in AI semiconductors, AI data centers and AI-enabled applications: the compute side of AI. POW, the VistaShares Electrification Supercycle® ETF, is positioned as an AI power infrastructure ETF and invests in energy grids, integrated storage, distributed power systems and electric-vehicle components: the power side. Each fund has its own Bill of Materials.

VistaShares’ view is that AI is in its early stages: the technology has only recently become viable, and the infrastructure investment the industry needs to keep growing is very large. This is an opinion, not a forecast of fund results. The theme may develop more slowly than expected, and AI companies can be volatile. Investments involve risk, including possible loss of principal.

AIS trades on the New York Stock Exchange (NYSE) under the ticker AIS.

AIS’s CUSIP is 45259A845. The fund launched on December 3, 2024.

AIS can be bought or sold through a brokerage account, or through a financial advisor, during NYSE trading hours, using the ticker AIS. The minimum investment is one share. Shares trade at market price, which may be above or below net asset value, and brokerage commissions may apply. For fund information, call (844) 875-2288.

AIS’s expense ratio is 0.75%, as stated on the fund page on November 12, 2026. It is the fund’s annual operating cost as a percentage of assets and is reflected in the fund’s returns rather than billed separately.

AIS’s distribution frequency is annual. Its objective is long term capital appreciation rather than income, so distributions are not the focus of the strategy. Any distribution amounts and dates are on the fund page.

AIS’s current price, net asset value and performance, each with its as-of date, are on the AIS fund page, along with the full holdings list, updated daily. The prospectus, summary prospectus, statement of additional information (SAI) and shareholder reports are linked on the fund page. The AIS rule book is linked there as well.

AIS’s main risks are artificial intelligence risk, technology sector risk and foreign securities risk. It also carries equity market risk and strategy risk, and VistaShares is a recently formed firm. The prospectus describes each risk in full. Investments involve risk, including possible loss of principal.

AI companies typically have high research and capital spending, so their profitability can vary widely, if they are profitable at all. The field is highly competitive, products can become obsolete quickly, companies depend on intellectual property, and legal, regulatory and political changes can affect them. A product failure or safety question can be very damaging, and it can be hard to define what qualifies as an AI company. Investments involve risk, including possible loss of principal.

AIS invests substantially in technology companies, so events affecting that sector can have a significant effect on the fund. Market or economic factors that hit technology companies, or companies that rely heavily on technological advances, can move AIS more than a fund diversified across sectors. Investments involve risk, including possible loss of principal.

Yes. AIS invests in global AI companies, including companies listed outside the United States and depositary receipts. Non-US securities can change in value more rapidly and sharply than US securities, and foreign markets may be less developed, efficient or liquid. Investments involve risk, including possible loss of principal.

There is no guarantee that AIS’s methodology for identifying and weighting AI companies will achieve its intended result or positive performance. Defining an AI company is difficult, rebalance timing may change, and errors in the data or calculations used to build the portfolio may occur and may not be identified or corrected quickly. Investments involve risk, including possible loss of principal.

AIS launched on December 3, 2024, so its track record is still relatively short. VistaShares is a recently formed firm with limited experience managing ETFs, which may limit its effectiveness. Investments involve risk, including possible loss of principal.

AIS is designed to seek long term capital appreciation by investing in global AI infrastructure companies across semiconductors, data centers and AI-enabled applications, as a thematic allocation alongside core equity holdings. It carries artificial intelligence risk, technology sector concentration and foreign securities risk. Whether AIS is appropriate depends on your objectives and circumstances; discuss it with your financial advisor and read the prospectus.