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TER
0.35% p.a.
Distribution policy
Accumulating
Replication
Physical
Fund size
EUR 35 m
Inception Date
23 May 2025
Holdings
27
Overview
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Description
The iShares Europe Defence UCITS ETF EUR (Acc) seeks to track the STOXX Europe Targeted Defence index. The STOXX Europe Targeted Defence index tracks the performance of European companies that are engaged in the military or defense industry.
Documents
Chart
Basics
Data
| Index | STOXX Europe Targeted Defence |
| Investment focus | Equity, Europe, Industrials |
| Fund size | EUR 35 m |
| Total expense ratio | 0.35% p.a. |
| Replication | Physical (Full replication) |
| Legal structure | ETF |
| Strategy risk | Long-only |
| Sustainability | No |
| Fund currency | EUR |
| Currency risk | Currency unhedged |
| Volatility 1 year (in EUR) | - |
| Inception/ Listing Date | 23 May 2025 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | iShares |
| Fund Structure | Open-ended Investment Company (OEIC) |
| UCITS compliance | Yes |
| Administrator | State Street Fund Services (Ireland) Limited |
| Investment Advisor | |
| Custodian Bank | State Street Custodial Services (Ireland) Limited |
| Revision Company | Deloitte Ireland LLP |
| Fiscal Year End | 30 November |
| Swiss representative | - |
| Swiss paying agent | - |
| Tax data | Bundesanzeiger | |
| Germany | Unknown | |
| Switzerland | Unknown | |
| Austria | Unknown | |
| UK | Unknown | |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | Bank of New York Mellon|Euroclear|JP Morgan|State Street Bank |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the iShares Europe Defence UCITS ETF EUR (Acc).
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How do you like our ETF profile? Here you'll find our Questionnaire.
Holdings
Below you find information about the composition of the iShares Europe Defence UCITS ETF EUR (Acc).
Top 10 Holdings
Weight of top 10 holdings
out of 27
86.69%
| Rheinmetall AG | 19.47% |
| Leonardo SpA | 14.40% |
| BAE Systems | 13.75% |
| SAAB | 12.12% |
| Rolls-Royce Holdings | 8.57% |
| Dassault Aviation SA | 4.74% |
| HENSOLDT | 4.46% |
| Renk Group | 3.77% |
| Aselsan Elektronik Sanayi | 2.84% |
| Thales SA | 2.57% |
Sectors
| Industrials | 83.65% |
| Technology | 0.09% |
| Other | 16.26% |
As of 29/05/2025
Order fees
Here you can find information about different brokers that allow you to trade ETFs. Select your preferred order volume to compare the fees charged by the respective brokers.
Order volume:
| Broker | Rating | Order fee | ETF savings plans | |
|---|---|---|---|---|
 | 0.99€ | 2736 | View offer* | |
 | 0.00€ | 1459 | View offer* | |
 | 0.00€ | 1639 | View offer* | |
 | 9.95€ | 1989 | View offer* | |
 | 6.15€ | 1182 | View offer* |
Source: justETF Research; As of 7/2025; *Affiliate link
— The offers are sorted in the following way: 1. Rating 2. Order fee 3. Number of ETF savings plans.
— No guarantee can be given for the completeness and correctness of the information listed. The information provided by the online brokers is decisive. In addition to the indicated broker fees, additional costs (e.g. spreads, gratuities and product costs) may apply.
— The offers are sorted in the following way: 1. Rating 2. Order fee 3. Number of ETF savings plans.
— No guarantee can be given for the completeness and correctness of the information listed. The information provided by the online brokers is decisive. In addition to the indicated broker fees, additional costs (e.g. spreads, gratuities and product costs) may apply.
Performance
Returns overview
| YTD | - |
| 1 month | -2.46% |
| 3 months | - |
| 6 months | - |
| 1 year | - |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | +3.00% |
| 2024 | - |
| 2023 | - |
| 2022 | - |
| 2021 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | - |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | - |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | - |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -9.78% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| gettex | EUR | DFNC | - - | - - | - |
| Euronext Amsterdam | EUR | DFEU | - - | - - | - |
| XETRA | EUR | DFNC |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| WisdomTree Europe Defence UCITS ETF EUR Unhedged Acc | 2,847 | 0.40% p.a. | Accumulating | Full replication |
| HANetf Future of European Defence UCITS ETF Accumulating | 138 | 0.39% p.a. | Accumulating | Full replication |
| Amundi Stoxx Europe Defense UCITS ETF Acc | 67 | 0.35% p.a. | Accumulating | Full replication |
| BNP Paribas Easy Bloomberg Europe Defense UCITS ETF Acc | 63 | 0.18% p.a. | Accumulating | Full replication |
| SPDR S&P Europe Defense Vision UCITS ETF EUR (Acc) | 8 | 0.15% p.a. | Accumulating | Full replication |
Frequently asked questions
What is the name of DFNC?
The name of DFNC is iShares Europe Defence UCITS ETF EUR (Acc).
What is the ticker of iShares Europe Defence UCITS ETF EUR (Acc)?
The primary ticker of iShares Europe Defence UCITS ETF EUR (Acc) is DFNC.
What is the ISIN of iShares Europe Defence UCITS ETF EUR (Acc)?
The ISIN of iShares Europe Defence UCITS ETF EUR (Acc) is IE000IAXNM41.
What are the costs of iShares Europe Defence UCITS ETF EUR (Acc)?
The total expense ratio (TER) of iShares Europe Defence UCITS ETF EUR (Acc) amounts to 0.35% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is iShares Europe Defence UCITS ETF EUR (Acc) paying dividends?
iShares Europe Defence UCITS ETF EUR (Acc) is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.
What's the fund size of iShares Europe Defence UCITS ETF EUR (Acc)?
The fund size of iShares Europe Defence UCITS ETF EUR (Acc) is 35m Euro. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.