NATP

The Future of Defence UCITS ETF (Acc) (LSE: NATP) is an accumulating equity ETF that tracks the EQM Future of Defence Index and provides concentrated exposure to companies focused on defence, aerospace, space and related cybersecurity services that contract with NATO and NATO+ allies. The fund holds prime defence contractors, aerospace manufacturers and specialised suppliers across the US, Europe and allied markets and is rebalanced quarterly to reflect changes in the underlying index. Returns are driven primarily by defence spending cycles, government contract awards, geopolitical tensions and technological adoption in areas such as missiles, avionics, surveillance, cyber and space systems; currency moves and commodity inputs can also affect performance. The ETF is intended as a thematic allocation for investors seeking targeted exposure to a potential defence ‘supercycle’ or to hedge geopolitical risk, but it carries concentration risk, higher volatility and potential regulatory or ESG-related controversy risk compared with broad-market equity funds.