The Future of European Defence Screened UCITS ETF (ARMY) is an Ireland-domiciled thematic equity ETF structured under HANetf ICAV and managed by HANetf.

The fund seeks to track the VettaFi European Future of Defence Screened Index, a thematic benchmark designed to provide exposure to companies associated with Europe's defense and cyber defense industries.

ARMY follows a passive investment strategy and uses physical replication. Its portfolio is constructed according to the benchmark's eligibility criteria, focusing on companies involved in the development and manufacturing of defense equipment, military technologies, and cybersecurity services related to NATO member countries.

The methodology establishes minimum revenue requirements for defense-related activities and applies additional sustainability screens. Companies involved in certain controversial weapons, including anti-personnel mines, biological or chemical weapons, and cluster munitions, are excluded from the eligible universe.

Composition / Exposure Profile

ARMY's portfolio is concentrated in the European defense and security industry, including companies involved in areas such as:

• Defense equipment, systems, and technologies.

• Weapons and ammunition.

• Military vehicles.

• Electronics and mission systems.

• Military shipbuilding.

• Military aviation.

• Defense-related cybersecurity.

Geographic exposure is primarily concentrated in European NATO member countries, including markets such as France, the United Kingdom, Germany, Sweden, Italy, and Norway.

As a thematic ETF, the fund has significant concentration in the industrials and technology sectors and in a relatively limited number of companies. Its performance can therefore be more sensitive to developments affecting the defense industry than that of broad equity-market indexes.

Factors that can influence portfolio companies include changes in government defense budgets, military modernization programs, government contracts, European strategic priorities, technological developments, and shifts in the geopolitical environment.

Structure and Costs

ARMY is an Ireland-domiciled UCITS ETF structured under HANetf ICAV. The fund uses physical replication to track its benchmark.

The ETF has a total expense ratio (TER) of 0.39% per year and follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

ARMY is classified as Article 8 under the European Union's Sustainable Finance Disclosure Regulation (SFDR). Its benchmark methodology incorporates sustainability criteria and specific exclusions, including restrictions involving certain categories of controversial weapons.

History and Evolution of the ETF

The Future of European Defence Screened UCITS ETF (ARMY) was launched in 2025, during a period of increased defense and security spending among European and NATO member countries.

Following its launch, the fund changed its benchmark and currently tracks the VettaFi European Future of Defence Screened Index. The change strengthened the strategy's focus on the European defense industry while introducing additional sustainability criteria and controversial-weapons exclusions.

The development of the sector represented by ARMY is tied to factors including national defense budgets, military modernization programs, investment in cybersecurity and emerging technologies, and changes in the strategic and security priorities of European countries.

Additional Information

Future of European Defence Screened UCITS ETF (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $156.99 million.

Over the past 12 months, Future of European Defence Screened UCITS ETF recorded a return of -3.48%, with its price trading between $8.42 and $13.02 during the same period.

The ETF is traded under the ticker ARMY.