iShares Europe Defence UCITS ETF EUR (Acc)

iShares Europe Defence UCITS ETF EUR (Acc) is an exchange-traded fund that tracks the STOXX Europe Targeted Defence Index, focusing on European companies actively engaged in the military and defense industry. Launched on 23 May 2025 and domiciled in Ireland, this accumulating ETF reinvests dividends rather than distributing them, promoting compounded growth through capital appreciation and income. Managed by BlackRock's iShares under iShares V plc, it employs a physical replication strategy to mirror the index performance, with a total expense ratio of 0.35% p.a. deducted continuously from assets. As of recent data, the fund manages approximately EUR 259 million in assets, denominated in euros and unhedged against currency risk, exposing investors to Eurozone fluctuations. Featuring around 26 holdings, it targets the defense sector, which plays a critical role in European security, aerospace, and military technology amid evolving geopolitical landscapes. This ETF serves as a targeted vehicle for exposure to Europe's defense industry within diversified portfolios, emphasizing long-only equity strategies without sustainability focus.