BNP Paribas Easy Bloomberg Europe Defense UCITS ETF Dist

BNP Paribas Easy Bloomberg Europe Defense UCITS ETF Dist is a distributing exchange-traded fund that tracks the Bloomberg Europe Defense Select Index, comprising around 30 European companies engaged in the military and defense sector. Launched in May 2025 and domiciled in Luxembourg, it uses a physical replication method to mirror the index's performance with a low total expense ratio of 0.18% p.a., ensuring cost-effective exposure through full replication and long-only passive management. Key holdings feature prominent firms like Rheinmetall AG and Airbus, with dominant exposure to the industrials sector (about 95%), and smaller allocations to information technology and materials. Geographically, it covers major European nations including Germany, France, the United Kingdom, Italy, Sweden, Norway, and Spain, focusing on companies advancing defense technologies amid evolving threats. This UCITS-compliant ETF distributes dividends annually, providing targeted access to Europe's defense industry for investors seeking sector-specific equity exposure in a compact fund structure of approximately 8 million EUR.