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DFNDAU VanEck Global Defence ETF Please read important information Close important disclosure false

    • DFND
    VanEck Global Defence ETF

    DFND
    VanEck Global Defence ETF

    • NAV
      $32.11

      as at 10-Sep-26
    • Total Net Assets
      $241.23M
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.65%
    • Number of securities
      45
    • Inception Date
      10-Sep-24
    DFND

    Overview

    Fund description

    DFND gives investors exposure to a portfolio of listed global companies involved in the military or defence industries. DFND aims to provide investment returns before fees and other costs which track the performance of the Index.

    Why consider DFND?

    Targeted exposure to global defence

    Exposure to the largest global companies involved in aerospace & defence, research & consulting, application software and electronic equipment & instruments, that are typically under-represented in benchmarks.

    Advancing technological innovation

    The defence industry is at the forefront of technological innovation and development as governments require specialised hardware and software creating demand for new technologies including AI and cyber security capabilities.

    Supported by rising government defence budgets

    An investment in opportunities beyond our borders, with revenues that are not necessarily correlated to general economic cycles, but rather government spending.

    Who is TICKER suitable for?

      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has no investment timeframe, and has a high or very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has no minimum investment timeframe, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a standalone solution, major, core, minor or satellite allocation within a portfolio, has no investment timeframe and has a low risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 11-Sep-26 Download all holdings

    No. of holdings: 45
    Holding name
    Ticker
    No. of securities held
    Market value
    % of Fund net
    assets
    Palantir Technologies Inc PLTR US 108,326 25,065,495 10.39
    Rtx Corp RTX US 79,506 21,975,063 9.11
    Thales Sa HO FP 45,185 16,499,728 6.84
    Leonardo Spa LDO IM 188,926 15,333,074 6.36
    Hanwha Aerospace Co Ltd 012450 KS 13,720 15,254,738 6.32
    Saab Ab SAABB SS 156,934 13,092,745 5.43
    Elbit Systems Ltd ESLT US 12,680 12,805,771 5.31
    Curtiss-Wright Corp CW US 13,624 10,638,806 4.41
    Leidos Holdings Inc LDOS US 46,976 8,490,150 3.52
    Kongsberg Gruppen Asa KOG NO 180,674 8,199,955 3.40
    Singapore Technologies Engineering Ltd STE SP 713,864 8,075,746 3.35
    Caci International Inc CACI US 7,735 6,733,700 2.79
    Huntington Ingalls Industries Inc HII US 11,773 4,626,256 1.92
    Kratos Defense & Security Solutions Inc KTOS US 70,031 4,589,921 1.90
    Moog Inc MOG/A US 8,762 4,482,701 1.86
    Booz Allen Hamilton Holding Corp BAH US 38,012 4,013,320 1.66
    Babcock International Group Plc BAB LN 215,215 3,938,080 1.63
    Hyundai Rotem Co Ltd 064350 KS 29,551 3,815,309 1.58
    Korea Aerospace Industries Ltd 047810 KS 26,392 3,660,468 1.52
    Dassault Aviation Sa AM FP 7,981 3,619,941 1.50
    Hensoldt Ag HAG GR 28,037 3,524,847 1.46
    Aerovironment Inc AVAV US 14,410 2,956,482 1.23
    Planet Labs Pbc PL US 121,216 2,822,398 1.17
    Karman Holdings Inc KRMN US 57,536 2,760,411 1.14
    Hanwha Systems Co Ltd 272210 KS 35,277 2,661,438 1.10
    Next Vision Stabilized Systems Ltd NXSN IT 26,267 2,626,850 1.09
    Science Applications International Corp SAIC US 14,407 2,587,953 1.07
    Renk Group Ag R3NK GR 35,012 2,404,493 1.00
    Ondas Holdings Inc ONDS US 236,962 2,396,727 0.99
    Mercury Systems Inc MRCY US 17,939 2,012,882 0.83
    Kbr Inc KBR US 39,065 1,986,494 0.82
    Csg Nv CSG NA 70,024 1,866,570 0.77
    Leonardo Drs Inc DRS US 36,114 1,829,379 0.76
    Parsons Corp PSN US 26,468 1,694,129 0.70
    Tkms Ag& Co Kgaa TKMS GR 11,565 1,566,531 0.65
    Qinetiq Group Plc QQ/ LN 169,891 1,515,888 0.63
    Exosens Sas EXENS FP 15,456 1,402,827 0.58
    Osi Systems Inc OSIS US 4,694 1,317,895 0.55
    Amentum Holdings Inc AMTM US 46,762 1,276,039 0.53
    Nlight Inc LASR US 21,856 1,197,994 0.50
    Vectrus Inc VVX US 10,378 1,050,541 0.44
    Voyager Technologies Inc VOYG US 21,480 987,996 0.41
    Bigbear.Ai Holdings Inc BBAI US 192,283 756,470 0.31
    Red Cat Holdings Inc RCAT US 60,032 676,700 0.28
    Droneshield Ltd DRO AU 293,078 498,233 0.21
    Other/Cash --   -55,761 -0.02
    Total 100.00
    These are not recommendations to buy or to sell any security.

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Plans”.

    Documents & insights

    Research and resources

    Documents

    Market announcements

    Frequently asked questions

    A global defence ETF is an ETF that gives investors exposure to listed companies involved in the defence or military industries across global markets.

    For investors seeking ETF military industry exposure, DFND is a global defence ETF that provides single-trade access to the largest global companies involved in aerospace and defence, electronic equipment and instruments, research and consulting, and defence-related software.

    Learn more about DFND's global defence exposure.

    As a global defence ETF, DFND invests in listed global companies that generate significant revenue from the military or defence industries. For those seeking ETF military industry exposure, this defence ETF includes aerospace and defence products and services, communications systems such as satellites, unmanned vehicles, cyber security software, training and simulation software, digital forensics, and biometric identification.

    Example companies that defence ETF DFND invests in include RTX Corp, Palantir Technologies Inc, and Leonardo s.P.a. View full holdings here.

    Unlike many other defence ETFs, DFND's index screens out companies with verified involvement in controversial weapons, such as biological and chemical weapons. It also may exclude companies based on Norm-Based Research, noting that DFND does not have an ESG investment objective, nor does the Fund promote ESG outcomes.  

    Read more about how to evaluate a defence ETF.

    Yes. Australia's 2026 National Defence Strategy includes additional investment over the next four years and decade, with around $425 billion in capability investment planned to 2035-36. This is valuable to understand for investors in defence ETFs or those seeking ETF military industry exposure.

    Rising government defence budgets can support revenue opportunities for defence contractors and related technology providers. For investors, an ETF military industry exposure such as DFND provides diversified global access to this theme, rather than relying on a single company or country.

    Read the 2026 National Defence Strategy Budget Factsheet.

    DFND, a defence ETF, holds a minimum of 25 securities. It tracks the MarketVector Global Defence Industry (AUD) Index, which selects the largest and most liquid companies involved in the military or defence industries. DFND provides ETF military industry exposure.

    Eligible companies generally need at least 50% of revenue from these industries, or 25% for existing constituents, and must meet size and liquidity requirements. The index is market capitalisation weighted with an 8% cap on individual constituents to help manage single-stock concentration.

    View defence ETF DFND's latest holdings and allocations.

    DFND may be suited to investors seeking capital growth from targeted exposure to the global defence sector and ETF military industry. As a narrow sector exposure, this defence ETF is generally more suited to use as a minor or satellite allocation rather than a whole portfolio solution.

    DFND's Target Market Determination identifies a minimum suggested investment timeframe of five years and a very high risk/return profile.

    Past performance is not indictaive of future performance. Read the PDS and TMD. This information is general in nature and does not take into account any person's objectives, financial situation or needs. Not a recommendation to act.  

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