Data as of . Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested.
NATO · Themes Transatlantic Defense ETF
Themes · Themes desk
Open the live card on ETFIQBy weight, 58% of NATO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 59% of the fund across 84 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +8.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 11.7 pts. It sits 11.3% below its all-time high of Mar 2, 2026.
| Theme (ETFIQ, editorial) | Defense |
|---|---|
| Launched | Oct 11, 2024 |
| Already in the S&P 500, by weight (ETFIQ) | 58.4% |
| Active share vs the S&P 500 (ETFIQ) | 97.6% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 5.1% |
| Active share vs the Nasdaq-100 (ETFIQ) | 99.2% |
| Top ten holdings weight | 58.8% |
| Holdings | 84 |
| Net assets (latest filing) | $101M |
| Holdings as of (SEC N-PORT) | Jun 30, 2026 |
| Top holdings | General Electric Co 9.7%, RTX Corp 7.6%, Boeing Co/The 7.3%, Rolls-Royce Holdings PLC 7.2%, Lockheed Martin Corp 5.2%, Airbus SE 5.1%, Safran SA 4.9%, Howmet Aerospace Inc 4.8%, General Dynamics Corp 3.6%, TransDigm Group Inc 3.4% |
| 3 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +0.7% / +4.7% / −4.0 pts / −1.4 pts |
| 6 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −8.2% / +15.2% / −23.4 pts / −28.4 pts |
| 1 year: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +8.3% / +20.0% / −11.7 pts / −17.3 pts |
| since launch: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +55.4% / +35.6% / +19.8 pts / +8.4 pts |
| Below its all-time high (ETFIQ) | −11.3% |
| Expense ratio (prospectus XBRL) | 0.35% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.36% |
| Closest funds by holdings overlap | PPA 59%, ITA 59%, MISL 53%, WDGF 46%, GCAD 40% |
Questions people ask
- How much of NATO is already in the S&P 500?
- By its holdings filed for Jun 30, 2026, 58% of NATO by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.
- What does NATO hold?
- 84 positions as filed for Jun 30, 2026, with the top ten at 59% of the fund. The largest are General Electric Co at 9.7%, RTX Corp at 7.6%, Boeing Co/The at 7.3%.
- Has NATO beaten the S&P 500?
- Over the year to Sep 4, 2026 NATO returned +8.3% with distributions reinvested, against +20.0% for the S&P 500, so it finished behind the index by 11.7 points.
- What does NATO cost?
- The prospectus expense ratio is 0.35% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.36%.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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<p><a href="https://etfiq.com/funds/NATO.html">NATO difference bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, NATO on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/NATO.html Free to use with attribution; the underlying files are at Open data.
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