The team at a Sunshine State fund firm is preparing to rebrand a two-month-old index fund.

Sylvia M. Jablonski Kampaktsis Defiance ETFs CEO, Chief Investment Officer

Today, the Defiance ETFs [profile] folks filed to change the name of the Defiance Israel Bond ETF (CHAI on the NYSE Arca, Inc.). According to the filing, starting on February 16 CHAI will be known as the Defiance Israel Fixed Income ETF.

The Miami-based fund firm's team unveiled the launch of CHAI on December 13, 2023. The new fund's inception date was December 12, and it is a series of ETF Series Solutions.

CHAI has an expense ratio of 48 basis points. It currently has $2.53 million in AUM.

Defiance serves as investment advisor to CHAI, while Vident Asset Management serves as subadvisor and MarketVector Indexes GmbH serves as index provider. The new ETF is designed to track the MCM-BlueStar Israel Bonds ETF, and the fund's PM team includes a pair of Vident's senior portfolio managers: Jim Iredale and Jeff Kernagis.

CHAI's other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Morgan, Lewis & Bockius LLP as counsel; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, index receipt agent, and transfer agent; and U.S. Bank National Association as custodian. 

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