NATO Themes ETF Trust - Themes Transatlantic Defense ETF
Quote as of Oct 23, 2026 20:00 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 36.22 | Day Range | 35.21 – 35.72 |
| 52-Week Range | 35.00 – 44.39 | Volume | 8.03K |
| Avg Volume | 19.44K | AUM | $86.0M (Oct 26, 2026) |
| Expense Ratio | 0.35% | Yield (TTM) | 0.48% |
| NAV | 36.30 | Premium/Discount | -1.74% indicative |
| Inception | Oct 11, 2024 | Holdings | 98 |
| Issuer | Themes | Exchange | NASDAQ |
| Category | Defense | Index Tracked | Not stated in source data |
| CUSIP | 882927767 | ISIN | US8829277677 |
| Management | Passive / index-tracking (per issuer description) | ||
About this ETF
NATO is a passively managed stock portfolio of transatlantic defense companies. Companies must have the FactSet industry classification of Aerospace and Defense and be headquartered in a country that is a member of the North Atlantic Treaty Organization (NATO) for at least three months. All companies meeting these criteria are selected for the portfolio. Stocks may be of any market capitalization but must meet minimum liquidity and daily trading value. Portfolio holdings are weighted by market-cap, subject to capping limits. The investment theses are, given the increased geopolitical risk and defense spending in solidarity, such exposure would lead to long-term capital growth. The portfolio is reconstituted and rebalanced quarterly. The fund may lend up to one-third of the portfolio value.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -6.06% | -12.74% | -5.83% | -6.75% | -8.68% | — | — | — | +18.22% |
| Total return | -6.06% | -12.74% | -5.83% | -6.75% | -8.26% | — | — | — | +18.54% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.35% | Annual cost of a $10,000 investment | $35.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 23, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 98 holdings stored, 25 shown.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | RTX Corp | RTX | 8.93% | 39.46K | $7.7M |
| 2 | GE AEROSPACE | GE | 7.37% | 21.59K | $6.3M |
| 3 | Boeing Co/The | BA | 7.32% | 33.56K | $6.3M |
| 4 | Rolls-Royce Holdings PLC | RR.L | 7.25% | 369.81K | $6.2M |
| 5 | AIRBUS GROUP SE | AIR.PA | 6.60% | 26.00K | $5.7M |
| 6 | Safran SA | SAF.PA | 6.05% | 15.37K | $5.2M |
| 7 | Lockheed Martin Corp | LMT | 5.63% | 8.21K | $4.8M |
| 8 | Northrop Grumman Corp | NOC | 4.18% | 6.51K | $3.6M |
| 9 | General Dynamics Corp | GD | 4.16% | 10.20K | $3.6M |
| 10 | BAE Systems PLC | BA.L | 4.14% | 137.70K | $3.6M |
| 11 | Honeywell International Inc | HON | 3.69% | 14.53K | $3.2M |
| 12 | Howmet Aerospace Inc | HWM | 3.58% | 15.91K | $3.1M |
| 13 | TransDigm Group Inc | TDG | 3.34% | 2.52K | $2.9M |
| 14 | Rheinmetall AG | RHM.DE | 2.83% | 2.14K | $2.4M |
| 15 | L3Harris Technologies Inc | LHX | 2.51% | 8.51K | $2.2M |
| 16 | Axon Enterprise Inc | AXON | 1.68% | 3.48K | $1.4M |
| 17 | Rocket Lab Corp | RKLB | 1.60% | 26.88K | $1.4M |
| 18 | Teledyne Technologies Inc | TDY | 1.52% | 2.11K | $1.3M |
| 19 | Thales SA | HO.PA | 1.18% | 3.98K | $1.0M |
| 20 | LEONARDO-FINMECCANICA SPA | LDO.MI | 1.16% | 18.35K | $994.7K |
| 21 | MTU Aero Engines AG | MTX.DE | 1.07% | 2.47K | $920.9K |
| 22 | Saab AB | SAABB.ST | 1.05% | 14.11K | $903.8K |
| 23 | Bombardier Inc | BBD-B.TO | 1.05% | 3.92K | $899.9K |
| 24 | Curtiss-Wright Corp | CW | 0.93% | 1.69K | $799.6K |
| 25 | FTAI Aviation Ltd | FTAI | 0.82% | 4.50K | $709.2K |
Click a ticker to see every ETF that owns it.
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.48% | Paid (last 12 months) | $0.1720 |
| Frequency | Annual | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 18, 2025 | Last payment | $0.1720 (Dec 19, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 18, 2025 | Dec 18, 2025 | Dec 19, 2025 | $0.1720 |
| Dec 24, 2024 | Dec 24, 2024 | Dec 26, 2024 | $0.0210 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 22.12% / — | Sharpe 1Y / 3Y | -0.563 / — |
| Max drawdown 1Y / 3Y | -19.34% / — | Sortino 1Y | -0.818 |
| Beta vs S&P 500 (3Y) | 0.827 | Correlation vs S&P 500 (1Y) | 0.578 |
| Downside deviation 1Y | 15.22% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 26, 2026. Formulas →
Liquidity
| Volume today | 8.03K | Average volume | 19.44K |
| AUM | $86.0M | Premium/Discount | -1.74% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | -$3.4M | -3.76% | $91.7M → $86.0M |
| 1 Month | -$2.9M | -3.03% | $94.3M → $86.0M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for NATO
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.