# FOWF (Pacer Solactive Whitney Future of Warfare ETF)

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

FOWF holds 86 stocks, and 26% of its weight is outside the S&P 500.

## Key facts

- FOWF, already in the S&P 500: 73.5%, as of Sep 11, 2026.
- FOWF, active share vs the S&P 500: 88.4%, as of Sep 11, 2026.
- FOWF, top ten holdings: 46.9%, as of Sep 11, 2026.
- FOWF, total return, 1 year: +13.3%, as of Sep 11, 2026.
- FOWF, net assets: $15m (the issuer own daily fund list, as of Sep 11, 2026).
- FOWF, expense ratio: 0.49% (485BPOS XBRL, Feb 27, 2026).

## FOWF over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +1.5% | +3.3% | −1.8 pts | +2.3 pts |
| 6 months | +3.2% | +16.0% | −12.8 pts | −17.5 pts |
| 1 year | +13.3% | +17.5% | −4.2 pts | −9.6 pts |
| Since launch | +44.1% | +33.0% | +11.0 pts | +4.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Dec 18, 2024 | ETFIQ |
| Already in the S&P 500, by weight | 73.5% | ETFIQ |
| Active share vs the S&P 500 | 88.4% | ETFIQ |
| Already in the Nasdaq-100, by weight | 13.7% | ETFIQ |
| Active share vs the Nasdaq-100 | 90.5% | ETFIQ |
| Top ten holdings weight | 46.9% | ETFIQ |
| Holdings | 86 | ETFIQ |
| Holdings as of | Apr 30, 2026 | SEC N-PORT |
| Top holdings | General Dynamics Corp 7.5%, Boeing Co/The 7.5%, RTX Corp 6.8%, Lockheed Martin Corp 6.4%, Northrop Grumman Corp 5.6%, BAE Systems PLC 4.0%, L3Harris Technologies Inc 3.2%, Dell Technologies Inc 2.1%, Leidos Holdings Inc 2.1%, Honeywell International Inc 1.7% | ETFIQ |
| Net assets | $15m | the issuer own daily fund list, as of Sep 11, 2026 |
| Below its all-time high | −8.0% | ETFIQ |
| Expense ratio | 0.49% | 485BPOS XBRL, Feb 27, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.55% | ETFIQ |
| Closest funds by holdings overlap | NATO 40%, SHLD 39%, PPA 39%, WDGF 36%, MISL 34% | ETFIQ |

## Questions

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

By its holdings filed for Apr 30, 2026, 74% of FOWF by weight is stocks the S&P 500 already holds. Its active share against the index is 88%, so that share is the part doing something different.

### What does FOWF hold?

86 positions as filed for Apr 30, 2026, with the top ten at 47% of the fund. The largest are General Dynamics Corp at 7.5%, Boeing Co/The at 7.5%, RTX Corp at 6.8%.

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

Over the year to Sep 11, 2026 FOWF returned +13.3% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 4.2 points.

### What does FOWF cost?

The prospectus expense ratio is 0.49% a year. Because 88% of the fund differs from the S&P 500, the fee on that differing part works out at 0.55%.


## Cite this page

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

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