iShares Defense Industrials Active ETF
Data updated: 2026-09-25
C000260347 — iShares Defense Industrials Active ETF. Global (incl. US) Large Cap Blend / Core Industrials Equity. Holdings, fees, performance and SEC filings.
C000260347 Fund Overview
iShares Defense Industrials Active ETF is a US ETF managed by BlackRock ETF Trust, categorised as Global (incl. US) Large Cap Blend / Core Industrials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: BlackRock ETF Trust
- Category: Global (incl. US) Large Cap Blend / Core Industrials Equity
- Assets under management: $4.26B
- 1-year return: 32.7%
- SEC CIK: 0001761055
- SEC series ID: S000092375
- Share class ID: C000260347
C000260347 Investment Objective and Strategy
iShares Defense Industrials Active ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock ETF Trust.
Investment objective
The iShares Defense Industrials Active ETF (the Fund) seeks to maximize total return by investing in companies that Fund management believes are well-positioned to benefit from increased global defense and security spending.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. defense and related industrials companies. Investments in derivatives will be counted toward the Funds 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. The defense and related industrials companies in which the Fund invests include those in aerospace & defense, construction & engineering, machinery, professional services, electronic equipment, industrial conglomerates, and commercial services & supplies. Because the Funds 80% policy is measured in aggregate across defense and related industrials companies, at a given time the Fund may have less than 80% of its net assets invested in either defense or related industrials companies.
However, the Fund intends to maintain at least 50% of its net assets in companies classified as being in the aerospace and defense industry and at least 80% of its net assets in companies classified as being in the industrial sector, each as identified by a third-party classification system. To construct the investment universe, Fund management considers industrials companies to be related to defense where such companies are estimated to derive a certain amount of revenue from defense activities, have a certain market share in defense activities, or satisfy other relevant thresholds for defense activities (for example, levels of production of an essential component in defense-related equipment). For purposes of this assessment, defense activities include, but are not limited to, the production of defense-related equipment and capital goods, the provision of technological solutions or consulting services for a military or national security purpose, the provision of logistics and planning services for military entities, the operation of manufacturing or materials production capabilities that ensure the security of the defense-related supply chain, and operating services or producing equipment that provide defense-related capabilities in space.
Fund management relies on, among other things, third-party classification systems and custom third-party thematic indices for application of the relevant revenue thresholds. The related industrials companies in which the Fund invests may have significant exposure to non-defense industries. Within the investment universe, Fund management leverages fundamental country-, industry-, and company-level research in order to select companies relevant to the defense theme that Fund management believes are well-positioned to benefit from increased global defense and security spending. Fund management also applies large language modelling techniques on public data, such as company filings and news reports, in order to identify companies that are exposed to the defense theme, but the output of this analysis is not used in application of the Funds 80% policy.
Outside of its 80% policy, the Fund may also have exposure to issuers in other industry classifications related to the theme, including security devices, security software, and government IT services. The Fund may invest in companies of any market capitalization located anywhere in the world, including companies located in emerging markets. The Fund may invest in foreign securities, including emerging markets securities, without limit. Equity securities in which the Fund may invest include common stocks, preferred stocks, warrants, depositary receipts, and equity interests in real estate investment trusts (REITs) and master limited partnerships (MLPs). The Fund may also purchase convertible securities. The Fund may invest in shares of companies through initial public offerings (IPOs). The Fund may, when consistent with the Funds investment objective, buy or sell options or futures on a security or an index of securities and may buy options on a currency or a basket of currencies, or enter into foreign currency transactions, including swaps (including total return swaps, some of which may be known as contracts for difference) (collectively, commonly known as derivatives).
An option is the right to buy or sell a security or an index of securities at a specific price on or before a specific date. A future is an agreement to buy or sell a security or an index of securities at a specific price on a specific date. A swap is an agreement whereby one party exchanges its right to receive or its obligation to pay one type of currency for another partys obligation to pay or its right to receive another type of currency in the future or for a period of time. The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as currency risk. The Fund may also use derivatives to enhance returns, in which case their use would involve leveraging risk. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques.
The Fund may also use forward foreign currency exchange contracts (obligations to buy or sell a currency at a set rate in the future). The Fund will concentrate its investments in companies operating in one or more industries within the industrials group of industries, in aggregate. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the Investment Company Act).
C000260347 Holdings
Top 10 holdings of iShares Defense Industrials Active ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| RTX Corp | 8.93% |
| Lockheed Martin Corp | 5.01% |
| Rolls-Royce Holdings PLC | 4.94% |
| Boeing Co/The | 4.60% |
| BlackRock Funds III | 4.14% |
| General Dynamics Corp | 4.06% |
| Thales SA | 3.82% |
| Northrop Grumman Corp | 3.35% |
| BAE Systems PLC | 3.28% |
| Airbus SE | 3.20% |
C000260347 Portfolio Allocation
Asset-class allocation of iShares Defense Industrials Active ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 4.7% |
C000260347 Performance
Total returns for C000260347 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.3% |
| 1 year | 32.7% |
C000260347 Risk Information
Risk metrics for C000260347, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.4%
C000260347 Costs and Fees
C000260347 costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.55%
- Portfolio turnover: 128%
C000260347 Cashflows
Over the 12 months to 2026-04, iShares Defense Industrials Active ETF had net inflows of $3.68B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $202.15M |
| 2026-03 | $3.40B |
| 2026-02 | $30.57M |
| 2026-01 | $14.06M |
| 2025-12 | $0 |
| 2025-11 | $1.29M |
C000260347 Debt Constituents
No individual debt constituents are reported in iShares Defense Industrials Active ETF's latest SEC N-PORT filing.
C000260347 Prospectus and SEC Filings
Official iShares Defense Industrials Active ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Global (incl. US) Large Cap Blend / Core Industrials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.