Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
Last (Price)
31.69
Change
▲ 1.24 (4.07)
Bid / Ask
31.69 - 31.78
Volume
19,635
Turnover
623,281
Open
31.10
Day Range
31.10 - 31.91
VWAP
31.74
Prev Close
30.45
Last Trade
10/11 4:10pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$154.2M
NOV 2026
Total cost ratio
0.65%
per year
Distributions
Annually
Since inception
2.2 yrs
SEP 2024
Legal name
VanEck Global Defence ETF
Issuer
VanEck Investments Limited
Type
Exchange-Traded Fund
Structure
Open Ended Investment Company
Management style
Index fund
Morningstar category
Equity World Other
Category index
MSCI World Ex Australia NR AUD
Benchmark
MarketVector Global Defence Ind TR AUD
ETF net assets
$154.2M
Units on issue
7.4M
Management fee
0.65% p.a.
Domicile
Australia
Base currency
AUD
ISIN
AU0000347932
Inception
10 SEP 2024
Listed
12 SEP 2024
Objective and strategy
The Fund aims to provide investment returns before fees and other costs which track the performance of its Reference Index. The Fund does not necessarily aim to perfectly replicate the Reference Index on a one-to-one basis.
Asset allocation · 30 SEP 2026
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 46.87%Non-US equity 53.14%
Asset class
Net %
Long %
Short %
Equity
100.01
100.01
0.00
Bond
0.00
0.00
0.00
Cash
-0.01
0.05
0.06
Other
0.00
0.00
0.00
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 0.00%Sensitive 100.00%Defensive 0.00%
Industrials
80.50%
Technology
19.50%
Basic Materials
0.00%
Consumer Cyclical
0.00%
Financial Services
0.00%
Real Estate
0.00%
Communication Services
0.00%
Energy
0.00%
Consumer Defensive
0.00%
Healthcare
0.00%
Utilities
0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 99.29%Emerging markets 0.71%
North America
46.87%
Europe Developed
30.67%
Asia Developed
12.59%
Africa / Middle East
6.48%
United Kingdom
2.69%
Europe Emerging
0.71%
Latin America
0.00%
Japan
0.00%
Australasia
0.00%
Asia Emerging
0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
United States
46.87%
France
9.97%
South Korea
8.89%
Israel
6.48%
Sweden
6.32%
Italy
6.14%
Norway
4.96%
Singapore
3.70%
Germany
3.28%
United Kingdom
2.69%
Czech Republic
0.71%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
Style
Mid Growth
Average moat
Moderate
Size score
189
SmallMidLarge
Value-growth score
280
ValueBlendGrowth
Economic moat
Wide 52%Narrow 42%None 6%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
Giant
0.00%
Large
61.46%
Mid
16.35%
Small
19.13%
Micro
3.06%
Large 61%Mid 16%Small 19%Micro 3%
Average market cap
$40.46B
Number of holdings
50
Shares held
44
Portfolio statistics · 5 NOV 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
Price / earnings
29.23
Price / book
4.65
Price / sales
2.09
Price / cash flow
17.60
Dividend yield
0.84%
Assets in top 10
60.55%
Return on equity
21.32%
Net margin
11.86%
Earnings growth (3 yr)
24.98%
Top holdings · top 10 = 60.50% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV)Market price
1M
0.7
3M
-2.1
6M
-11.1
YTD
-3.9
1Y
-8.1
Period
Fund (NAV) %
Market price %
Before fees %
Rank in category
1 month
0.70
2.06
0.75
—
3 months
-2.10
0.04
-1.94
—
6 months
-11.13
-9.78
-10.84
—
Year to date
-3.91
-3.07
-3.39
—
1 year
-8.09
-6.87
-7.49
—
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
TotalCapital
2025
58.2
Year
Total %
Capital %
Rank in category
2025
58.18
56.63
—
Financial year returns
Displays the total return after fees for each financial year to 30 June, sourced from Morningstar.
FY26
-3.9
Financial year
Total %
Financial year to date
0.36
Year to 30 JUN 2026
-3.87
Risk statistics · 31 OCT 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
1 year
3 years
5 years
10 years
Alpha
-16.51
—
—
—
Beta
-1.07
—
—
—
R-squared
22.46
—
—
—
Standard deviation
27.50
—
—
—
Sharpe ratio
-0.83
—
—
—
Sortino ratio
-1.13
—
—
—
Tracking error
25.82
—
—
—
Information ratio
-0.78
—
—
—
Upside capture %
-168.62
—
—
—
Downside capture %
-94.33
—
—
—
Maximum drawdown %
-18.35
—
—
—
Measured against MSCI World Ex Australia NR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
103.0
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
Market impact cost %
0.366
Best quarter
31.16% · MAY 2025
Worst quarter
-13.32% · JUN 2026
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
Management fees and costs
0.65% p.a.
Performance fee costs
0.00% p.a.
Transaction costs
0.02% p.a.
Total cost ratio
0.65% p.a.
Total cost ratio (last FY)
0.65% p.a.
PDS dated
20 JUL 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
Latest distribution
1.2000
Ex Date
1 JUL 2026
Record Date
2 JUL 2026
Pay Date
27 JUL 2026
NAV at ex date
33.15
Paid this year
1.2000
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.0
Year
Per unit ($)
2024
0.0300
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
Ex Date
Per unit ($)
1 JUL 2026
1.2000
1 JUL 2025
0.0300
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Low
ESG risk score
28.12
NegligibleLowMediumHighSevere
Rank in category
94th percentile
Environmental risk
7.61
Social risk
11.21
Governance risk
4.65
Portfolio covered
96.0%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
Negligible
0.00%
Low
20.17%
Medium
37.14%
High
40.14%
Severe
2.55%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
19.06
LowMediumHighSevere
Category average 9.07
Carbon risk
Medium Risk
Rank in category
95th percentile of 55 funds
Fossil fuel involvement
0.00%
Category average
5.26%
Low Carbon Designation
No
Portfolio covered
95.0%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
RCRussel Chesler
JHJamie Hannah
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
Number of managers
2
Average tenure
2.2 years
Longest tenure
2.2 years
Longest serving
Russel Chesler, Jamie Hannah · since 10 SEP 2024
Most recent appointment
Russel Chesler, Jamie Hannah · since 10 SEP 2024
Managed since
10 SEP 2024
Other funds managed
49
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
MM has been negative towards the space through 2026, believing the news flow was as bad as it gets in terms of global conflict, or as good as it gets for the defence ETFs. However, after correcting more than 30%, the risk/reward profile has become far more balanced, with the sector having lost its “hot” tag enjoyed earlier in the year. Overnight, the more confrontational President lost some of his power, which was reflected by oil's sharp fall as markets priced in the beginning of the end for the US-Iran War.
Defence ETFs have quickly become one of the market's fastest-growing thematic exposures - nothing unusual here, ETFs follow performance as they search for turnover. VanEck launched DFND in September 2024 as Australia's first dedicated defence ETF, with BetaShares (ARMR) and Global X following within weeks as investor demand surged alongside rising geopolitical tensions and record global military spending. Both funds peaked in January 2026 amid peak optimism around European rearmament and NATO spending before pulling back, although DFND has still delivered the stronger return since inception.
The DFND ETF was launched on the ASX in September 2024 as the defence space garnered the attention of local investors. The Fund aims to track tracks the MarketVector Global Defence Industry (AUD) Index.
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