Net Asset Value
$26.34
The U.S. Global Technology and Aerospace & Defense ETF (WAR) provides investors access to the global defense sector, including companies in Aerospace & Defense, Semiconductors, Cybersecurity, Data Centers, and Homeland Security from around the world.
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Fund Details
Data as of 10/03/2025Net Assets
$9,217,920Expense Ratio
0.60%
Inception Date
12/30/2024Ticker
WARPrimary Exchange
NYSEIndex
N/ACUSIP
26922B410ISIN
US26922B4410Shares Outstanding
350,000Fund Characteristics
Data as of 09/30/2025Return on Equity
14.16Price-to-earnings
30.78Price-to-book value
4.70Weighted Average Market Cap
$394.860 BillionReturn on equity: a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders’ equity.
Price-to-book value: a ratio used to compare a stock’s market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.
Price-to-earnings: the ratio for valuing a company that measures its current share price relative to its per-share earnings.
Weighted Average Market Cap: a stock market index weighted by the market capitalization of each stock in the index.
Holdings
Data as of 10/03/2025| % Net Assets | Name | CUSIP | Country | Ticker | Shares Held | Market ($) |
|---|---|---|---|---|---|---|
|
% Net Assets
7.59%
|
Name
Lam Research Corp
|
CUSIP
512807306
|
Country
|
Ticker
LRCX
|
Shares Held
4,800.00
|
Market ($)
699,888.00
|
|
% Net Assets
6.98%
|
Name
Astera Labs Inc
|
CUSIP
04626A103
|
Country
|
Ticker
ALAB
|
Shares Held
3,206.00
|
Market ($)
643,572.44
|
|
% Net Assets
6.97%
|
Name
F5 Inc
|
CUSIP
315616102
|
Country
|
Ticker
FFIV
|
Shares Held
1,976.00
|
Market ($)
642,160.48
|
|
% Net Assets
6.60%
|
Name
Rapid7 Inc
|
CUSIP
753422104
|
Country
|
Ticker
RPD
|
Shares Held
32,809.00
|
Market ($)
608,606.95
|
|
% Net Assets
6.33%
|
Name
Moog Inc
|
CUSIP
615394202
|
Country
|
Ticker
MOG/A
|
Shares Held
2,800.00
|
Market ($)
583,156.00
|
|
% Net Assets
6.17%
|
Name
Huntington Ingalls Industries Inc
|
CUSIP
446413106
|
Country
|
Ticker
HII
|
Shares Held
2,000.00
|
Market ($)
568,480.00
|
|
% Net Assets
4.53%
|
Name
Micron Technology Inc
|
CUSIP
595112103
|
Country
|
Ticker
MU
|
Shares Held
2,223.00
|
Market ($)
417,546.09
|
|
% Net Assets
4.09%
|
Name
General Dynamics Corp
|
CUSIP
369550108
|
Country
|
Ticker
GD
|
Shares Held
1,096.00
|
Market ($)
376,607.52
|
|
% Net Assets
4.08%
|
Name
RENK Group AG
|
CUSIP
BMD6RR4
|
Country
|
Ticker
R3NK GR
|
Shares Held
3,620.00
|
Market ($)
375,898.56
|
|
% Net Assets
4.06%
|
Name
ASGN Inc
|
CUSIP
00191U102
|
Country
|
Ticker
ASGN
|
Shares Held
7,691.00
|
Market ($)
374,013.33
|
|
% Net Assets
3.95%
|
Name
Softcat PLC
|
CUSIP
BYZDVK8
|
Country
|
Ticker
SCT LN
|
Shares Held
17,315.00
|
Market ($)
364,231.39
|
|
% Net Assets
3.93%
|
Name
AIXTRON SE
|
CUSIP
5468346
|
Country
|
Ticker
AIXA GR
|
Shares Held
20,800.00
|
Market ($)
362,662.91
|
|
% Net Assets
3.24%
|
Name
Austal Ltd
|
CUSIP
6137162
|
Country
|
Ticker
ASB AU
|
Shares Held
54,806.00
|
Market ($)
298,263.95
|
|
% Net Assets
3.01%
|
Name
Palo Alto Networks Inc
|
CUSIP
697435105
|
Country
|
Ticker
PANW
|
Shares Held
1,339.00
|
Market ($)
277,427.41
|
|
% Net Assets
2.99%
|
Name
Monolithic Power Systems Inc
|
CUSIP
609839105
|
Country
|
Ticker
MPWR
|
Shares Held
300.00
|
Market ($)
275,649.00
|
|
% Net Assets
2.98%
|
Name
Ducommun Inc
|
CUSIP
264147109
|
Country
|
Ticker
DCO
|
Shares Held
2,900.00
|
Market ($)
274,920.00
|
|
% Net Assets
2.93%
|
Name
Analog Devices Inc
|
CUSIP
032654105
|
Country
|
Ticker
ADI
|
Shares Held
1,116.00
|
Market ($)
270,060.84
|
|
% Net Assets
2.92%
|
Name
Cash & Other
|
CUSIP
Cash&Other
|
Country
|
Ticker
Cash&Other
|
Shares Held
269,274.45
|
Market ($)
269,274.45
|
|
% Net Assets
2.90%
|
Name
GE AEROSPACE
|
CUSIP
369604301
|
Country
|
Ticker
GE
|
Shares Held
900.00
|
Market ($)
267,300.00
|
|
% Net Assets
2.86%
|
Name
GEN DIGITAL INC
|
CUSIP
668771108
|
Country
|
Ticker
GEN
|
Shares Held
9,486.00
|
Market ($)
263,900.52
|
|
% Net Assets
2.21%
|
Name
Super Micro Computer Inc
|
CUSIP
86800U302
|
Country
|
Ticker
SMCI
|
Shares Held
3,928.00
|
Market ($)
204,098.88
|
|
% Net Assets
2.08%
|
Name
Dell Technologies Inc
|
CUSIP
24703L202
|
Country
|
Ticker
DELL
|
Shares Held
1,361.00
|
Market ($)
191,547.14
|
|
% Net Assets
2.01%
|
Name
DigitalBridge Group Inc
|
CUSIP
25401T603
|
Country
|
Ticker
DBRG
|
Shares Held
15,461.00
|
Market ($)
185,222.78
|
|
% Net Assets
1.97%
|
Name
Extreme Networks Inc
|
CUSIP
30226D106
|
Country
|
Ticker
EXTR
|
Shares Held
8,929.00
|
Market ($)
181,169.41
|
|
% Net Assets
1.49%
|
Name
First American Government Obligations Fund 12/01/2031
|
CUSIP
31846V336
|
Country
|
Ticker
FGXXX
|
Shares Held
137,184.59
|
Market ($)
137,184.59
|
|
% Net Assets
1.11%
|
Name
Western Digital Corp
|
CUSIP
958102105
|
Country
|
Ticker
WDC
|
Shares Held
779.00
|
Market ($)
102,290.49
|
|
% Net Assets
1.01%
|
Name
Lenovo Group Ltd
|
CUSIP
526250105
|
Country
|
Ticker
LNVGY
|
Shares Held
3,065.00
|
Market ($)
92,900.15
|
|
% Net Assets
0.98%
|
Name
Digital Core REIT Management Pte Ltd
|
CUSIP
BNYGMH5
|
Country
|
Ticker
DCREIT SP
|
Shares Held
190,000.00
|
Market ($)
90,250.00
|
|
% Net Assets
0.98%
|
Name
Brink's Co/The
|
CUSIP
109696104
|
Country
|
Ticker
BCO
|
Shares Held
784.00
|
Market ($)
90,026.72
|
|
% Net Assets
0.96%
|
Name
Jack Henry & Associates Inc
|
CUSIP
426281101
|
Country
|
Ticker
JKHY
|
Shares Held
602.00
|
Market ($)
88,048.52
|
|
% Net Assets
0.02%
|
Name
BRITISH POUNDS
|
CUSIP
CASHGBP
|
Country
|
Ticker
GBP
|
Shares Held
1,506.34
|
Market ($)
2,031.20
|
|
% Net Assets
0.00%
|
Name
NORWEGIAN KRONE
|
CUSIP
CASHNOK
|
Country
|
Ticker
NOK
|
Shares Held
-840.00
|
Market ($)
-84.48
|
|
% Net Assets
-3.92%
|
Name
EURO
|
CUSIP
CASHEUR
|
Country
|
Ticker
EUR
|
Shares Held
-307,413.51
|
Market ($)
-360,941.07
|
Fund Prices
Data as of 10/03/2025Market Price
Closing Price
$26.40
Daily Change
$-0.04
Daily Change %
-0.16
Premium/Discount %
0.23
PREMIUM/DISCOUNT
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
30 Day Median Bid Ask is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
PERFORMANCE HISTORY
Month End As Of 09/30/2025
NAV %
Market Value %
Time Period
1 Month
NAV %
11.33
Market Value %
11.50
Time Period
3 Month
NAV %
7.79
Market Value %
7.64
Time Period
6 Month
NAV %
34.79
Market Value %
34.61
Time Period
9 Month
NAV %
32.31
Market Value %
31.82
Time Period
YTD
NAV %
32.31
Market Value %
31.82
Time Period
Since Inception
NAV %
30.54
Market Value %
30.62
Quarter End As Of 09/30/2025
NAV %
Market Value %
Time Period
1 Month
NAV %
11.33
Market Value %
11.50
Time Period
3 Month
NAV %
7.79
Market Value %
7.64
Time Period
6 Month
NAV %
34.79
Market Value %
34.61
Time Period
9 Month
NAV %
32.31
Market Value %
31.82
Time Period
YTD
NAV %
32.31
Market Value %
31.82
Time Period
Since Inception
NAV %
30.54
Market Value %
30.62
Since inception: 12/30/2024
Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period. Performance is annualized for periods greater than 1 year.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. The expense ratio is 0.60%.
A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price or market price is the most recent price at which the fund was traded.