# AMMO (VistaShares Defense Supercycle ETF)

VistaShares · Thematic ETFs · data as of Sep 11, 2026

AMMO holds 51 stocks, and 87% of its weight is outside the S&P 500.

## Key facts

- AMMO, already in the S&P 500: 12.6%, as of Sep 11, 2026.
- AMMO, active share vs the S&P 500: 99.1%, as of Sep 11, 2026.
- AMMO, top ten holdings: 32.5%, as of Sep 11, 2026.
- AMMO, total return, since launch: +0.2%, as of Sep 11, 2026.
- AMMO, net assets: $3m (issuer page, as of Sep 11, 2026).
- AMMO, expense ratio: 0.75% (485BPOS XBRL, Jul 10, 2026).

## AMMO over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| Since launch | +0.2% | +1.8% | −1.6 pts | −1.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Jul 16, 2026 | ETFIQ |
| Already in the S&P 500, by weight | 12.6% | ETFIQ |
| Active share vs the S&P 500 | 99.1% | ETFIQ |
| Already in the Nasdaq-100, by weight | 3.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 98.4% | ETFIQ |
| Top ten holdings weight | 32.5% | ETFIQ |
| Holdings | 51 | ETFIQ |
| Holdings as of | Sep 14, 2026 | the issuer’s daily file |
| Top holdings | LIG Defense&Aerospace Co Ltd 4.5%, Rheinmetall AG 3.8%, Mildef Group AB 3.7%, Kitron ASA 3.5%, MP Materials Corp 3.3%, Palantir Technologies Inc 3.0%, Chemring Group PLC 2.8%, Cohort PLC 2.7%, TTM Technologies Inc 2.7%, L3Harris Technologies Inc 2.5% | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 11, 2026 |
| Below its all-time high | −14.5% | ETFIQ |
| Expense ratio | 0.75% | 485BPOS XBRL, Jul 10, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.76% | ETFIQ |
| Closest funds by holdings overlap | WDGF 35%, ARMY 33%, GALX 28%, XAR 27%, IDEF 26% | ETFIQ |

## Questions

### How much of AMMO is in S&P 500 companies?

By its holdings published by its issuer for Sep 14, 2026, 13% of AMMO by weight is stocks the S&P 500 already holds. Its active share against the index is 99%, so that share is the part doing something different.

### What does AMMO hold?

51 positions as published by its issuer for Sep 14, 2026, with the top ten at 32% of the fund. The largest are LIG Defense&Aerospace Co Ltd at 4.5%, Rheinmetall AG at 3.8%, Mildef Group AB at 3.7%.

### Has AMMO beaten the S&P 500?

Over the year to Sep 11, 2026 AMMO returned +0.2% with distributions reinvested, against +1.8% for the S&P 500, so it finished behind the index by 1.6 points.

### What does AMMO cost?

The prospectus expense ratio is 0.75% a year. Because 99% of the fund differs from the S&P 500, the fee on that differing part works out at 0.76%.


## Cite this page

ETFIQ, AMMO, data as of Sep 11, 2026. https://etfiq.com/funds/ammo
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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