Engine No. 1 ETF Trust TCW Artificial Intelligence ETF(NYSE:AIFD)

AIFD actively invests in US and foreign companies that benefit from the usage of artificial intelligence. These companies focus on predictive or generative AI, including foundational technology, AI systems, and AI adopters to widen a competitive moat, increase their growth rate, improve their margin structure, or enhance their capital allocation. The fund primarily, but not exclusively, selects those with growth characteristics as identified using bottom-up fundamental research combined with qualitative and quantitative screening criteria. In determining eligible securities, a proprietary framework incorporating fundamental analysis with quantitative and thematic data is utilized. The adviser also evaluates financially material ESG and other risk factors to assess a companys value and potential risks. The final portfolio will comprise of approximately 25 to 60 companies, all with strong, disruptive and enduring business models. On May 6, 2024, the fund converted from a mutual fund to an ETF structure starting with $61.2 million in assets.