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The investment objective of the Fund is to provide exposure to global listed stocks that are developing sophisticated weapons, defensive systems and other solutions for securing borders. The Fund seeks to replicate the net total return performance of the S&P Kensho Global Future Defense Index, less fees, expenses and transaction costs. The Index tracks the performance of global listed stocks from Developed Markets involved in activities including smart borders and critical infrastructure, military applications of cybersecurity, space systems, robotics, remotely operated or unmanned air and sea drones, wearable technologies, and virtual or augmented reality. Eligible stocks are classified as either Core or Non-Core based on the significance of their business operations and/or revenues related to the theme, with an overweight applied to the Core group. Stocks within each group are equally weighted, subject to diversification and liquidity constraints, and the Index is rebalanced quarterly.
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The investment objective of the Fund is to provide exposure to global listed stocks that are developing sophisticated weapons, defensive systems and other solutions for securing borders. The Fund seeks to replicate the net total return performance of the S&P Kensho Global Future Defense Index, less fees, expenses and transaction costs. The Index tracks global listed stocks from Developed Markets that are focused on sophisticated weaponry and defensive systems, as well as solutions including smart borders and critical infrastructure, cyber security, space systems, robotics, remotely operated or unmanned air and sea drones, wearable technologies, and virtual or augmented reality. Companies are classified into Core and Non-Core groups, with an overweight applied to Core stocks, and are equally weighted within each group subject to diversification and liquidity constraints. The Index is rebalanced quarterly.
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Key takeaways

The ETFs track the same security, so they are effectively the same fund. $IDFN trades in dollars ($) and £DFNX trades in pounds (£); both are listed on the London Stock Exchange.

Fund highlights

Fund comparison highlights
Fund name
Invesco Defence InnovationInvesco Defence Innovation
GBP
USD
USD
USD
AccumulatingAccumulating
Fund size
£121M$161M
--
Last price
£6.77$9.05
0.35%0.35%
Fund manager
InvescoInvesco
Benchmark
S&P Kensho Global Future Defense Index Net Total ReturnS&P Kensho Global Future Defense Index Net Total Return
Risk
Ticker
£DFNX$IDFN
Primary listing
LSELSE
Documents
Costs disclosure document
Costs disclosure document
Market data provided by CBOE Europe and Deutsche Börse.

Performance

CumulativeRolling yearsLump sum investment

Sector exposure

ChartTable
£DFNX
$IDFN

Top holdings

Saab AB

2.04%

Hensoldt AG

2.01%

Lockheed

1.96%

Teledyne Technologies

1.94%

Elbit Systems

1.93%

Ducommun

1.92%

Avio S.p.A.

1.88%

Bruker

1.88%

Northrop Grumman

1.88%

Other

82.54%

Saab AB

2.04%

Hensoldt AG

2.01%

Lockheed

1.96%

Teledyne Technologies

1.94%

Elbit Systems

1.93%

Ducommun

1.92%

Avio S.p.A.

1.88%

Bruker

1.88%

Northrop Grumman

1.88%

Other

82.54%

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