Defiance ETFs Launches CAPA, the First U.S.-listed Capacitor & MLCC ETF
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MIAMI, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and income ETFs, today announced the launch of the Defiance AI Capacitors Leaders ETF (Cboe: CAPA), the first U.S.-listed ETF targeting the capacitor supply chain powering AI infrastructure.
CAPA seeks to track the BITA AI Capacitors Leaders Index and provides targeted exposure to publicly listed companies that seek to generate significant revenue from the design, manufacture, and supply of advanced capacitors and passive electronic components used in AI infrastructure.
Every AI accelerator, server board, and hyperscale data center depends on capacitors and passive components to condition power, regulate voltage, filter signals, suppress noise, and store energy. As AI chips draw more current at lower voltages, the passive component content per system continues to climb. Industry reporting indicates that a single AI server built on Nvidia's GB300 platform can require roughly 30,000 multilayer ceramic capacitors, with a full rack consuming hundreds of thousands of units. Murata, the largest MLCC manufacturer, has said it expects MLCC shipments into AI servers to grow at approximately 30 percent annually through 2030, reaching more than three times 2025 levels.
“The market has spent three years pricing the chips. CAPA is about what powers them,” said Sylvia Jablonski, CIO of Defiance ETFs. “Capacitors are the least appreciated layer of the AI buildout. Without high-performance passive components, the most advanced GPU in the world cannot hold a stable voltage. As rack power architectures move from 12 volts to 48 and even 800 volts, we believe the companies supplying this layer sit at a structural demand inflection, and CAPA gives investors a single-ticker way to access them.”
The BITA AI Capacitors Leaders Index holds companies across multilayer ceramic capacitors (MLCCs), conductive polymer capacitors, and server-grade aluminum electrolytic and polymer hybrid capacitors used in AI servers, accelerators, networking equipment, and hyperscale data centers. Constituents must derive at least 50 percent of revenue from these segments or demonstrate material involvement in the ecosystem, are weighted by free-float market capitalization with a 20 percent maximum weight per issuer, and the index is reconstituted and rebalanced quarterly.
Index Components (as of August 24, 2026)
| Name | Weight |
| TDK Corp | 23.0% |
| Samsung Electro-Mechanics Co | 20.2% |
| Murata Manufacturing Co Ltd | 18.3% |
| Kyocera Corp | 15.5% |
| Yageo Corporation | 14.9% |
| Taiyo Yuden Co Ltd | 4.4% |
| Maruwa Co Ltd | 1.8% |
| Walsin Technology Corp | 1.5% |
| Samwha Capacitor Co Ltd | 0.3% |
| Nippon Chemi-Con Corp | 0.1% |
Index components as of 08/24/2026. Index composition is subject to change and should not be considered a recommendation to buy or sell any security.
The Index brings together companies at the forefront of the global capacitor supply chain. Constituents include Murata Manufacturing, the world's largest MLCC maker, alongside fellow Japanese leaders TDK, Taiyo Yuden, and Kyocera, a national industry that supplies the majority of the world's high-grade MLCCs; Samsung Electro-Mechanics in Korea; and Yageo and Walsin Technology in Taiwan, with focused specialists including Maruwa, Samwha, and Nippon Chemi-Con rounding out the Index. Index constituents and Fund holdings are subject to change; the Fund's complete holdings are published daily at www.defianceetfs.com/capa.www.defianceetfs.com/capa
About Defiance ETFs
Founded in 2018, Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. Our first-mover leveraged single-stock ETFs allow investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.
Distributed by Foreside Fund Services, LLC.