Since 2020, global defense spending has grown at a 4.2% annual rate – about 4x higher than pre-pandemic levels. Spending is expected to grow at a 5% annualized rate to $3.4 trillion by 2030.1
Governments are increasingly reliant on advanced military systems that require specialized hardware, creating demand for sensors, artificial intelligence chips, and other processing/networking solutions.
Defense Tech spans sectors like industrials, cybersecurity, AI, and augmented reality. Unlike civilian markets, defense revenues are closely tied to military needs and are not necessarily linked to economic cycles.
1Stockholm International Peace Research Institute (SIPRI), 2024
Key Information |
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
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Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
Return on Equity | 18.80% | |
Weighted Avg. Market Cap | 68,409 M | |
2024 | 2025 | |
Price-to-earnings | 28.87 | 25.37 |
Price-to-book value | 5.08 | 4.49 |
NAV | $50.42 | Daily Change | $0.46 | 0.92% |
Market Price | $50.62 | Daily Change | $0.39 | 0.78% |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
10.67 | PLTR | PALANTIR TECHN-A | BN78DQ4 | 112.78 | 1,543,346 | 174,058,561.88 |
9.09 | RHM GR | RHEINMETALL AG | 5334588 | 1,576.25 | 94,113 | 148,345,506.58 |
6.57 | RTX | RTX CORPORATION | BM5M5Y3 | 125.22 | 856,070 | 107,197,085.40 |
5.96 | NOC | NORTHROP GRUMMAN CORP | 2648806 | 473.20 | 205,418 | 97,203,797.60 |
5.87 | GD | GENERAL DYNAMICS CORP | 2365161 | 271.97 | 352,298 | 95,814,487.06 |
5.83 | HO FP | THALES SA | 4162791 | 265.80 | 358,073 | 95,174,583.80 |
5.69 | LDO IM | LEONARDO SPA | B0DJNG0 | 50.73 | 1,829,463 | 92,802,163.50 |
5.55 | LMT | LOCKHEED MARTIN CORP | 2522096 | 477.64 | 189,707 | 90,611,651.48 |
5.09 | 012450 KS | HANWHA AEROSPACE CO LTD | 6772671 | 573.42 | 144,854 | 83,061,723.03 |
4.82 | BA/ LN | BAE SYSTEMS PLC | 0263494 | 22.39 | 3,509,488 | 78,582,826.19 |
VERSUS | BETA |
---|---|
S&P 500 | 0.21 |
NASDAQ-100 | -0.07 |
MSCI EAFE | 0.64 |
MSCI Emg. Mkts | 0.35 |
Standard Deviation | 15.20% |
Source: AltaVista Research, LLC
As of recent month & quarter-end (Mar 31 2025) | Fund NAV | Market Price | Index |
---|---|---|---|
1 Year | 40.93% | 40.99% | 41.66% |
Since Inception | 50.27% | 50.69% | 51.06% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
Sector | Weight (%) | |
---|---|---|
Industrials | 87.1 | |
Information Technology | 12.9 |
Source: AltaVista Research, LLC
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.