iShares Defense Industrials Active ETF
Actively managed global stock fund
As of its 2026 Q2 report, iShares Defense Industrials Active ETF held 113 positions with $3.54B in net assets. Its ten largest holdings made up 40.4% of the fund. The fund costs 0.55% a year. Over the 12 months to May 2026, it returned 31.9%, with dividends reinvested. In 2026 Q3 it added 37 new positions and exited 14.
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.
The fund invests at least 80% of assets in equity securities of U.S. and non-U.S. defense and related industrials companies, selecting holdings through fundamental research and analysis of defense revenue exposure, market share, and supply-chain relevance; it maintains at least 50% in aerospace and defense companies specifically. The fund is non-diversified, meaning it may hold concentrated positions in a small number of issuers. Fund management also applies large language modeling to public data to identify defense-exposed companies, though this analysis does not determine the 80% policy allocation.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
RTXRTX Corp | 8.90% | $315.31M | 1.8M | $176.07 |
4.99% | $176.73M | 341.2K | $517.97 | |
4.38% | $155.24M | 1.1M | $139.11 | |
4.29% | $152.12M | 441.8K | $344.30 | |
3.90% | $138.41M | 238.8K | $579.48 | |
BlackRock Funds III | 3.14% | $111.27M | — | — |
Rolls-Royce Holdings PLC | 2.81% | $99.72M | 6.2M | $16.09 |
Mitsubishi Heavy Industries Ltd | 2.71% | $96.13M | 3.2M | $29.85 |
Rheinmetall AG | 2.65% | $94.03M | 59.0K | $1,594.81 |
2.64% | $93.51M | 408.3K | $229.03 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 113 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.75% |
| Cash & short-term | 4.20% |
| Derivatives | 0.06% |
Derivatives are shown at market value, not notional exposure.
By sector
- International
- 43.7%
- Industrials
- 38.6%
- Information Technology
- 12.3%
- Cash
- 4.5%
- 4 other sectors
- 0.8%
- International
- 43.7%
- Industrials
- 38.6%
- Information Technology
- 12.3%
- Cash
- 4.5%
- Energy
- 0.3%
- Utilities
- 0.2%
- Materials
- 0.2%
- Communication Services
- 0.1%
How it has done
C000260347 share class · total returns with dividends reinvested
Volatility over the last 12 months: 21.41%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
iShares Defense Industrials Active ETF is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Features
- Non-diversified
- Expense ratio, by class
- 0.55%
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
37 new· the largest 8
14 exited· the largest 8
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