MIAMI, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs, a leader in thematic and income ETFs, today announced the launch of the Defiance KSM Israel 120 ETF (Nasdaq: ISRL), sponsored by KSM Group of The Phoenix Investment House through KSM US LLC ("KSM") and built on an index from TMX VettaFi. ISRL is designed to provide US investors with access to the breadth of the Israeli equity market through a single US-listed ticker: the 120 largest companies in Israel by market capitalization, drawn exclusively from the Tel Aviv Stock Exchange.

The Index draws its universe entirely from equity securities trading on the Tel Aviv Stock Exchange, and constituents must be incorporated or domiciled in Israel. ISRL seeks to track the Israeli 120 iNDEX (the "Index"), which measures the performance of the largest 120 companies in Israel by market capitalization. The Index is calculated and administered by Index Research and Development Ltd., a subsidiary of TMX VettaFi Group established in 2015, whose indices are published globally across a wide range of platforms.

Investment Objective

The Defiance KSM Israel 120 ETF (the "Fund") seeks to track the performance, before fees and expenses, of the Israeli 120 iNDEX (the "Index").

Inside the Index

The Index draws from equity securities trading on the Tel Aviv Stock Exchange and applies a rules based methodology:

• Eligible universe. Common stocks, preferred stocks, and REITs listed on an Israeli exchange and denominated in Israeli shekels.
• Size, liquidity, and float screens. A minimum market capitalization of ILS 75 million (approximately $25 million USD as of the prospectus date), a minimum three month average daily trading value, at least a 20% public float, and a minimum free float adjusted market capitalization of ILS 75 million.
• Issuer limits. A maximum of 120 issuers, a 4% cap on any single issuer, and a 0.1% minimum weight, with excess weight redistributed proportionally among the remaining uncapped issuers.
• Profitability adjustment. Weighting factors are reduced by 20% to 50% for issuers reporting negative annual net profit in two or more of the five years preceding the rebalance date, scaled by the number of loss years.

Constituents are weighted by market capitalization subject to these limits, and the Index is reconstituted and rebalanced quarterly. Constituents can span the full size spectrum, from micro capitalization to large capitalization companies, and sectors including technology, financial services, defense, real estate, energy, and healthcare.

Under normal circumstances, the Fund will invest at least 80% of its net assets in the component securities of the Index, generally using a replication approach through local shares or, where available, depositary receipts.

Fund Details

About KSM Group and The Phoenix Investment House

KSM Group is part of The Phoenix Investment House. Through KSM US LLC, KSM serves as a sponsor of the Defiance KSM Israel 120 ETF, following its sponsorship of the Defiance KSM TipRanks Analyst ETF (RANK).

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.

Media Contact

Brenda Hentschel
Gregory Agency
bhentschel@gregoryagency.com
201.705.3758

IMPORTANT DISCLOSURES

Tidal Investments LLC is the Fund's investment adviser. Defiance ETFs, LLC serves as the Fund's sponsor, and KSM US LLC serves as the Fund's sub-sponsor. Neither Defiance ETFs, LLC nor KSM US LLC provides investment advisory, portfolio management, or distribution services to the Fund. The Fund is a series of Tidal Trust V and is distributed by Foreside Fund Services, LLC.

The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to NAV. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. There is no guarantee the Fund will achieve its investment objective, and an investor may lose some or all of its investment. As with any investment, some or all of these risks may adversely affect the Fund's net asset value per share ("NAV"), trading price, yield, total return, and/or ability to meet its objectives.

Concentration Risk. The Fund's investments will be concentrated in a particular industry or group of related industries to the extent that the Index is so concentrated. In such event, the value of Shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries. As of the date of the prospectus, the Index's constituent companies were concentrated in the financial services industry.

Sector Risk; Financial Services Sector Risk. To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors. As of the date of the prospectus, the financial services sector represented a significant portion of the Index. Companies in the financial services sector are often subject to risks tied to the global financial markets, which have experienced very difficult conditions and volatility as well as significant adverse trends. The conditions in these markets have resulted in a decrease in the availability of corporate credit, capital, and liquidity, and have led indirectly to the insolvency, closure, or acquisition of a number of financial institutions.

Equity Market Risk. The equity securities held in the Fund's portfolio may experience sudden, unpredictable drops in value or long periods of decline in value, because of factors affecting securities markets generally or factors affecting specific issuers, industries, or sectors. Local, regional, or global events such as war, regional armed conflict, acts of terrorism, market volatility related to global trade policy and the imposition of tariffs, the spread of infectious diseases or other public health issues, recessions, or rising inflation could have a significant negative impact on the Fund and its investments.

Economic and Market Risk. The Fund's investments are subject to changes in general economic conditions, general market fluctuations, and the risks inherent in investment in securities and other financial instruments. Investment markets can be volatile and prices of investments can change substantially due to various factors, including economic growth or recession, changes in interest rates, inflation, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. Economies and financial markets throughout the world are becoming increasingly interconnected, which increases the likelihood that events or conditions in one country or region will adversely impact markets or issuers in other countries or regions.

Foreign Securities Risk. Investments in non-U.S. securities involve certain risks that may not be present with investments in U.S. securities, including risk of loss due to foreign currency fluctuations or political or economic instability. There may be less information publicly available about a non-U.S. issuer. Such investments may also be subject to withholding or other taxes. These and other factors can make investments in the Fund more volatile and potentially less liquid than other types of investments.

Developed Markets Risk. The Fund invests primarily in companies organized in a developed market nation. Many developed market countries have heavy indebtedness, which may lead to downward pressure on the economies of these countries. As a result, it is possible that interest rates on the debt of certain developed countries may rise to levels that make it difficult for such countries to service high debt levels without significant help from other countries or from a central bank. Developed market countries generally are dependent on the economies of certain key trading partners, and changes in any one economy may cause an adverse impact on several developed countries.

Geographic Investment Risk; Israeli Issuer Investing Risk. To the extent the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region. Investments in securities of Israeli issuers involve risks and special considerations not typically associated with investments in U.S. securities markets. Israel's economy depends on imports of key items such as crude oil, natural gas, coal, grains, raw materials, and military equipment, which may increase its vulnerability to global supply disruptions and geopolitical developments. Israel has experienced ongoing geopolitical tensions and military conflicts with neighboring countries and non-state actors, including Hamas in the Gaza Strip, Hezbollah in Lebanon, and Iran. On October 7, 2023, Hamas launched a significant attack on Israel from the Gaza Strip, and while a ceasefire agreement was reached in January 2025, there is no guarantee that the parties will continue to comply with its terms and the agreement does not mean the conflict will be resolved. In February 2026, the United States and Israel launched coordinated military operations against Iran, prompting widespread retaliation by Iran and its proxies with attacks impacting not only Israel but other countries in the region. The possibility of a continued and prolonged conflict, and the potential expansion of conflicts in surrounding regions, may adversely affect Israel's economy, financial markets, and the value of securities in which the Fund invests. Israel's economy is also dependent on external trade with other countries, particularly the United States, China, Japan, Canada, and the European Union, and a reduction in demand for Israeli exports or adverse economic developments in these countries could negatively affect Israel's economy and issuers of securities in which the Fund invests.

Currency Exchange Rate Risk. The Fund may invest in investments denominated in non-US currencies or in securities that provide exposure to such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably, and changes will affect the value of the Fund's investments and the value of your Shares.

Depositary Receipt Risk. Depositary receipts involve risks similar to those associated with investments in foreign securities, such as changes in political or economic conditions of other countries and changes in foreign currency exchange rates. When the Fund invests in depositary receipts as a substitute for a direct investment in the underlying shares, it is exposed to the risk that the depositary receipts may not provide a return that corresponds precisely with that of the underlying shares.

ETF Risks. The Fund is an ETF and, as a result of that structure, is exposed to risks including a limited number of Authorized Participants, market makers, and liquidity providers; the costs of buying or selling Shares, including brokerage commissions and bid/ask spreads; the risk that Shares may trade at prices other than NAV; and the risk that Shares may not trade with any volume, or at all, on any stock exchange. Because securities held by the Fund may trade on a foreign exchange that is closed when the Fund's primary listing exchange is open, premiums and discounts may be greater than those experienced by domestic ETFs.

Third Party Data Risk. The composition of the Index, and consequently the Fund's portfolio, is heavily dependent on information and data calculated and published by an independent third party calculation agent. When such data proves to be incorrect or incomplete, any decisions made in reliance thereon may lead to the inclusion or exclusion of securities from the Index that would have been excluded or included had the data been correct and complete. If the composition of the Index reflects such errors, the Fund's portfolio can also be expected to reflect the errors.

Underlying Index Risk. Neither the Fund's investment adviser nor the Index Provider is able to guarantee the continuous availability or timeliness of the production of the Index. The calculation and dissemination of Index values may be delayed if the information technology or other facilities of the Index Provider, data providers, and/or the relevant stock exchange malfunction for any reason, and a significant delay may cause trading in Shares of the Fund to be suspended. Errors in Index data, computation, and/or construction in accordance with the Index methodology may occur from time to time and may not be identified and corrected by the Index Provider or other applicable party for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.

Passive Investment Risk. The Fund is not actively managed, and the Adviser would not sell shares of an equity security due to current or projected underperformance of a security, industry, or sector, unless that security is removed from the Index or the sale is otherwise required upon a reconstitution or rebalancing of the Index in accordance with the Index methodology.

Tracking Error Risk. As with all index funds, the performance of the Fund and its Index may differ from each other for a variety of reasons. For example, the Fund incurs operating expenses and portfolio transaction costs not incurred by the Index, and may not be fully invested in the securities of the Index at all times or may hold securities not included in the Index.

Market Capitalization Risk. The Fund may invest in large-, mid-, small-, and micro-capitalization companies. Securities of large-capitalization companies may be subject to slower growth during times of economic expansion. Securities of mid-, small-, and micro-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments, generally trade in lower volumes, and are subject to greater and more unpredictable price changes than large-capitalization stocks or the stock market as a whole. Micro-capitalization companies often have limited product lines, narrower markets, and more limited managerial and financial resources, and face greater risk of business failure.

Non-Diversification Risk. The Fund is considered to be non-diversified, which means it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers, which may increase the Fund's volatility.

New Fund Risk. The Fund is a recently organized investment company with limited operating history. As a result, prospective investors have limited track record or history on which to base their investment decision.

Operational Risk. The Fund is subject to risks arising from various operational factors, including human error, processing and communication errors, errors of the Fund's service providers, counterparties, or other third parties, failed or inadequate processes, and technology or systems failures. The Fund relies on third parties for a range of services, including custody, and any delay or failure relating to engaging or maintaining such service providers may affect the Fund's ability to meet its investment objective.

Please see the prospectus for a complete description of the principal risks.

The Israeli 120 iNDEX is calculated and administered by Index Research and Development Ltd., a subsidiary of TMX VettaFi Group, which was established in 2015. The Index Provider is not affiliated with the Fund's adviser, sponsor, sub-sponsor, administrator, or distributor.

Brokerage commissions may be charged on trades.

Distributed by Foreside Fund Services, LLC.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f3c59a9-079a-44af-a4b2-fc1c788b6415