The EYES ETF selects companies that are substantively involved in data collection and processing, security, analytics, monitoring, risk management, and regulatory compliance. It is an actively managed ETF that does not follow the constituent weights of a specific index. Instead, Cogi Funds builds the portfolio based on its own judgment.

It suits investors who are interested in the spread of data-driven operations, security, and surveillance technology, and who can tolerate active selection risk and thematic volatility.

This is an ETF managed by Cogi Funds using an active management approach.

The fund looks for highly relevant companies along a value chain that runs from data collection and processing to security, analytics, and operational visibility. It applies thematic and quantitative screening on top of fundamental analysis, and comprehensively reviews each company's strategic position within its industry, its growth potential, and its valuation level.

• It selects holdings based on the manager's judgment rather than a specific index.
• It bundles data utilization and surveillance capabilities into a single investment theme.
• It can consider a broad range of U.S. and international stocks.

Assets under management (AUM) stand at $1.2M, and the Expense Ratio is 0.35% per year.

Because the EYES ETF is a micro-cap product, investors should check trading liquidity and the bid-ask spread before placing an order. Given the nature of active management, fees, actual changes in holdings, and the consistency of the manager's judgment are also factors to review before holding the fund for the long term.

The performance of the EYES ETF can be affected by changes in earnings and valuations at companies tied to demand for data-driven operations, security, and regulatory compliance. Because of its active selection structure, the movement of the overall market and the results of individual holdings may diverge.

Fund flows into thematic active products can vary with the technology investment environment, corporate security spending, regulatory compliance demand, and investors' risk appetite. For a micro-cap product, it is also worth examining how inflows and outflows affect trading conditions and portfolio management.

Its selection strategy of bundling data and surveillance industries into one theme is a strength, while thematic concentration, active judgment, and trading conditions are the main risk factors.

Because the comparison candidates and similar peer information provided were empty, we do not cite any specific alternative ETF tickers. When evaluating the EYES ETF, it is advisable to use as comparison criteria how exposure to data analytics, security, surveillance, and industrials is combined within a single product, and how well the active selection approach fits your needs. Investors should also separately confirm the trading conditions typical of micro-cap products and the absence of distribution history.

When looking at the EYES ETF, investors should review not only the growth potential of the theme itself but also the management approach, trading conditions, and distribution policy. Because it is an active product that does not follow a specific index, changes in holdings and in the manager's judgment also matter.

Data and surveillance industries can be affected by corporate investment spending, the regulatory environment, technology competition, and shifts in market risk appetite. With the added features of active selection and micro-cap size, the EYES ETF can show volatility and trading costs that differ from the market average.

The EYES ETF may be worth considering for investors who want thematic access to companies related to data utilization, operational visibility, security, and regulatory compliance. However, unlike products that track a specific index, the manager's judgment has a large influence, so a conservative approach is needed that also confirms the consistency of the strategy, trading conditions, and the absence of distribution history.