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ASWC ETF · Future of Defence UCITS ETF
The ASWC Exchange Traded Fund (ETF) is provided by HANetf. It is built to track an index: EQM Future of Defence Index. The ASWC ETF provides physical exposure, so by buying it you actually own parts of all the 60 underlying holdings. The dividend policy is capitalization.
Real-time data unavailable for ASWC
LIVE
CLOSED
This fund is part ofWorld Blended Cap1M perf.-2.60%
Last price
N/A
1M perf.
+2.82%
1M flows
+€69M
AuM
€2.79B
E/R
0.49%
Rating
Not rated
ESG Consensus®
ASWC
N/A
Performance & flows
Segment for quartile rank
December 10, 2025 → March 10, 2026
Create a free account to view the flows graph
ASWC
$20.53
+10.88%
World Blended Cap
+1.96%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +2.82%  | +10.88% | +46.99% | N/A | N/A | +2.85% | +11.12% | +11.12% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/10/2026
$20.53
1D NAV change
-0.39%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
60
Inception date
7/4/2023
Jurisdiction
Ireland
Distribution
Ireland
Italy
Austria
Denmark
Finland
Legal structure
Irish Collective Asset-management Vehicle
Base currency
USD
Classification
Investment strategy
The investment objective of the Fund is to track the price and the performance, before fees and expenses, of the EQM Future of Defence Index (the Index).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +10.88% | +46.99% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
USA
60.58%
France
8.94%
Germany
7.17%
United Kingdom
7.17%
Republic of Korea
4.86%
Israel
4.62%
Sweden
2.40%
Italy
2.24%
Norway
1.18%
Other
0.86%
Sectors
Industrials
63.43%
Information Technology
27.83%
Unavailable
8.74%
Diversification
Total weight of top 15 holdings out of 60
Top 15 holdings
Data as of January 31, 2026
BAE SYSTEMS
LOCKHEED MARTIN
SAFRAN
RHEINMETALL
CISCO-T
NORTHROP GRUMMAN
RAYTHEON TECHNOLOGIES CORPORD
CROWDSTRIKE HOLDINGS INC
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GENERAL DYNAMICS
PALO ALTO NETWORKS
PALANTIR TECHNOLOGIES
L3 HARRIS TECHNOLOGIES
THALES
FORTINET
HANWHA AEROSPACE
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ASWC ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
ASWC’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
27.01% of holdings have positive scoring
72.97% of holdings have negative scoring
22.36%
35.68%
32.62%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
EQM Future of Defence NTR Index - USD
Index ticker
NATONTR Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
HANetf
HANetf ID Card
Number of funds
56
Total AuM
€6.83B
Expense ratio range
0.15% - 2%
Average expense ratio
0.6979%
Top 5 funds by HANetf
| AuM | ||
|---|---|---|
ASWC | Future of Defence UCITS ETF | €2.79B |
RMAU | The Royal Mint Responsibly Sourced Physical Gold ETC | €1.58B |
U3O8 | Sprott Uranium Miners UCITS ETF | €340M |
GEP | Lloyd Growth Equity UCITS ETF | €273M |
FEP | Lloyd Focused Equity UCITS ETF | €264M |
Frequently asked questions about ASWC
What does Future of Defence UCITS ETF, ASWC, invest in?
ASWC is a Passive ETF. This ETF provides exposure to Equities.
Which benchmark or index does ASWC replicate?
ASWC tracks the EQM Future of Defence NTR Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of ASWC?
ASWC carries a total expense ratio (TER) of 0.49%, indicating the annual cost for holding the fund.
When was ASWC launched?
ASWC was introduced to the market on July 4, 2023. It trades on Ireland, among other exchanges
Who is the ETF issuer of ASWC?
Future of Defence UCITS ETF, ASWC, is provided by HANetf. Learn more about HANetf here.
What is the current assets under management (AUM) of ASWC?
ASWC oversees €2.79B in assets as of March 10, 2026.
How has ASWC performed lately?
Based on data from March 10, 2026, ASWC returned 2.82% over the past month, 10.88% over the last three months and 11.12% year-to-date.
What are the latest inflows or outflows for ASWC?
As of March 10, 2026, ASWC recorded net flows of +€69M over the last month and +€55M year-to-date.
Does ASWC distribute dividends?
ASWC follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of ASWC?
As of January 31, 2026, ASWC has significant geographic allocations in USA, France and Germany.
In which sector or theme does ASWC invest in?
As of January 31, 2026, ASWC focuses largely on Industrials and Information Technology.
How many securities does ASWC hold and how diversified is it?
As of January 31, 2026, ASWC holds 60 positions in its portfolio, with 63.02% of assets concentrated in its top 15 holdings.
What are the main positions in ASWC?
As of January 31, 2026, ASWC top three holdings include BAE SYSTEMS, LOCKHEED MARTIN and SAFRAN.
What is the base currency of ASWC?
The base currency of ASWC is USD.
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