{
 "ticker": "DUTY",
 "name": "U.S. Defense ETF",
 "issuer": "Aura",
 "desk": "themes",
 "url": "https://etfiq.com/funds/duty",
 "html": "https://etfiq.com/funds/duty",
 "markdown": "https://etfiq.com/funds/duty.md",
 "as_of": "2026-09-11",
 "verdict": "DUTY holds 50 stocks, and 38% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "61.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DUTY, already in the S&P 500: 61.8%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DUTY, active share vs the S&P 500: 98.1%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "59.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DUTY, top ten holdings: 59.1%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+2.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DUTY, total return, since launch: +2.9%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "DUTY, net assets: $2m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, Apr 6, 2026",
   "as_of": "2026-09-11",
   "sentence": "DUTY, expense ratio: 0.45% (485BPOS XBRL, Apr 6, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 8, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "61.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.1%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "23.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "96.1%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "59.1%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "50",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "General Dynamics Corp 7.6%, Lockheed Martin Corp 7.3%, L3Harris Technologies Inc 6.8%, Northrop Grumman Corp 6.6%, Palantir Technologies Inc 6.0%, Rocket Lab Corp 5.3%, Palo Alto Networks Inc 5.2%, Fortinet Inc 4.9%, Crowdstrike Holdings Inc 4.6%, Okta Inc 4.6%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221212.6%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, Apr 6, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.46%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "TSSD 59%, SHLD 42%, HACK 40%, MISL 37%, SPAM 36%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22120.4%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22123.7 pts",
   "Gap to Nasdaq-100": "+0.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+2.9%",
   "S&P 500": "+13.3%",
   "Gap to S&P 500": "\u221210.4 pts",
   "Gap to Nasdaq-100": "\u221215.2 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of DUTY is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 62% of DUTY 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."
  },
  {
   "q": "What does DUTY hold?",
   "a": "50 positions as filed for Jun 30, 2026, with the top ten at 59% of the fund. The largest are General Dynamics Corp at 7.6%, Lockheed Martin Corp at 7.3%, L3Harris Technologies Inc at 6.8%."
  },
  {
   "q": "Has DUTY beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 DUTY returned +2.9% with distributions reinvested, against +13.3% for the S&P 500, so it finished behind the index by 10.4 points."
  },
  {
   "q": "What does DUTY cost?",
   "a": "The prospectus expense ratio is 0.45% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.46%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}