Nvidia Ecosystem ETF Debuts, Offering Exposure To The AI Buildout

PurePlay ETFs has launched the PurePlay NVIDIA Ecosystem Picks & Shovels Index ETF (NASDAQ:NVPS), a new thematic fund designed to provide investors with targeted exposure to companies supporting the broader artificial intelligence infrastructure buildout driven by NVIDIA Corp (NASDAQ:NVDA).

The ETF is the first U.S.-listed fund focused on capturing the complete upstream and downstream value chain tied to Nvidia’s ecosystem through a single fund.

• Where are NVPS shares going?

Key Features of NVPS

• Benchmark: Solactive Nvidia Picks & Shovels Index
• Data Source: Uses FactSet Supply Chain Relationship data to identify Nvidia-related companies
• Revenue Screen: Eligible companies must derive at least 50% of revenue from Nvidia-related supply chain activities
• Supply Chain Coverage: Companies are categorized across six pillars:
  • Raw materials
  • Tools
  • Fabrication
  • Packaging
  • Infrastructure
  • Connectivity
• Weighting Methodology: Holdings are weighted based on their level of involvement and criticality within the Nvidia value chain
• Investment Approach: Passive, rules-based strategy
• Target Exposure: Companies playing a direct and meaningful role in AI infrastructure development
• Differentiator: Designed as a targeted alternative to broad AI ETFs and leveraged single-stock Nvidia products
• Investment Philosophy: Focuses on undiluted AI infrastructure exposure, comprehensive supply chain capture, and data-driven security selection within a single vehicle.

While many AI-focused funds hold broad technology portfolios with only indirect exposure to artificial intelligence themes, and leveraged single-stock Nvidia products carry elevated risk, NVPS aims to offer a more focused, rules-based alternative.

“We built NVPS around a simple idea: own the ecosystem behind the theme, without dilution from unrelated holdings,” said Joseph DeYonker, founder of PurePlay ETFs.

He added that the fund is designed to give investors exposure to the network of companies supporting AI development, from semiconductor materials and manufacturing to data center infrastructure and connectivity.

NVPS is the inaugural ETF from PurePlay ETFs.

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