# NATO (Themes Transatlantic Defense ETF)

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

NATO holds 90 stocks, and 46% of its weight is outside the S&P 500.

## Key facts

- NATO, already in the S&P 500: 53.7%, as of Sep 11, 2026.
- NATO, active share vs the S&P 500: 97.7%, as of Sep 11, 2026.
- NATO, top ten holdings: 61.9%, as of Sep 11, 2026.
- NATO, total return, 1 year: +3.0%, as of Sep 11, 2026.
- NATO, net assets: $96m (issuer page, as of Sep 11, 2026).
- NATO, expense ratio: 0.35% (485BPOS XBRL, Jan 27, 2026).

## NATO over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −3.7% | +3.3% | −7.0 pts | −2.9 pts |
| 6 months | −6.0% | +16.0% | −22.0 pts | −26.7 pts |
| 1 year | +3.0% | +17.5% | −14.5 pts | −20.0 pts |
| Since launch | +51.8% | +34.6% | +17.3 pts | +5.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Oct 11, 2024 | ETFIQ |
| Already in the S&P 500, by weight | 53.7% | ETFIQ |
| Active share vs the S&P 500 | 97.7% | ETFIQ |
| Already in the Nasdaq-100, by weight | 5.1% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.2% | ETFIQ |
| Top ten holdings weight | 61.9% | ETFIQ |
| Holdings | 90 | ETFIQ |
| Holdings published for | Sep 14, 2026 | the issuer’s daily file |
| Top holdings | RTX Corp 8.6%, Rolls-Royce Holdings PLC 8.0%, Boeing Co/The 7.8%, GE AEROSPACE 7.7%, AIRBUS GROUP SE 6.6%, Safran SA 6.5%, Lockheed Martin Corp 4.7%, Howmet Aerospace Inc 4.0%, General Dynamics Corp 4.0%, BAE Systems PLC 3.9% | ETFIQ |
| Net assets | $96m | issuer page, as of Sep 11, 2026 |
| Below its all-time high | −13.3% | ETFIQ |
| Expense ratio | 0.35% | 485BPOS XBRL, Jan 27, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.36% | ETFIQ |

## Questions

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

By its holdings published by its issuer for Sep 14, 2026, 54% 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?

90 positions as published by its issuer for Sep 14, 2026, with the top ten at 62% of the fund. The largest are RTX Corp at 8.6%, Rolls-Royce Holdings PLC at 8.0%, Boeing Co/The at 7.8%.

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

Over the year to Sep 11, 2026 NATO returned +3.0% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 14.5 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%.


## Cite this page

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

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