Themes ETF Trust - Themes Transatlantic Defense ETF NATO NASDAQ · Financials · United States
$37.15 -1.85% -$0.70
Summary
Themes ETF Trust - Themes Transatlantic Defense ETF is an ETF - a fund traded on an exchange like a stock - run by Themes. Positions inside: 92. The ten largest make up 61% of the fund.
- Yearly costs
- 0.35%
- Fund size
- $85.2M
- Positions
- 92
- Dividends
- Reinvested
- Running since
- 2024
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 61% of the fund, so its result rests on a few names.
- 98% of the fund is in one sector (Industrials).
- A young fund: it has been running only since 2024.
- A small fund with $85.2M under management; small funds get closed more often.
- It trades little: only about $715.0K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +4.0%
- 3 months
- -14%
- This year
- -2.9%
- 1 year
- -0.1%
- Avg. market cap
- $126.0B
- P/E
- 27.2x
- Forward P/E
- 25.3x
- P/S
- 2.6x
- P/B
- 5.6x
- P/FCF
- 26.1x
- EV/EBITDA
- 17.6x
- Dividend yield
- 0.92%
- ROIC
- 9.6%
- ROE
- 36.8%
- Gross margin
- 25.7%
- Operating margin
- -5.1%
- Net margin
- -6.0%
- Payout ratio
- 25.2%
- Net debt/EBITDA
- 1.5x
- Beta
- 0.71
Weighted average of the 50 largest companies, which make up 85% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 GEGeneral Electric Company GE 8.5%
- 2 RTRTX RTX 8.4%
- 3 Rolls-Royce Holdings PLC 7.3%
- 4 BABoeing BA 6.9%
- 5 AIAirbus AIR.PA 6.7%
- 6 SASafran SAF.PA 6.0%
- 7 LMLockheed Martin LMT 5.1%
- 8 GDGeneral Dynamics GD 4.4%
- 9 HWHowmet Aerospace HWM 4.2%
- 10 NONorthrop Grumman Corp NOC 4.0%
Positions in the fund: 92. The ten largest make up 61% of it.
Composition as of Nov 7, 2026.
Where is it spread?
One sector dominatesBy sector
- Industrials 98%
- Technology 1.8%
By country
- United States 64%
- United Kingdom 12%
- France 7.7%
- Netherlands 6.9%
- Other countries 9.2%
By company size
- Mega cap 20%
- Large cap 75%
- Mid cap 4.7%
- Small cap 0.9%
- Micro cap 0.08%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 86% of the fund.
Largest sector: Industrials (98%). Largest country: United States (64%). Largest size group: Large cap (75%).
What does it cost me?
Usual costs- Yearly costs
- 0.35%
- A year from $10,000
- $35.00
- Over 20 years
- $1,714
From every $10,000 invested the fund takes $35.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,714.
How has it done?
Losing value- Over the last year
- -0.1%
- Deepest drop
- -19%
- Yearly volatility
- 23%
Decline over the last year: 0.1%. Deepest drop in these years: 19% below the earlier high.
Does it pay dividends?
No, it reinvestsThe fund pays nothing out. What its holdings earn stays inside and shows in the price.
Is it easy to buy and sell?
It trades little- Traded a day
- $715.0K
- Shares a day
- 19K
On an average day about $715.0K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 27.2
- Average Bulios Score
- 59 out of 100
Weight by Bulios Fair Price
- Undervalued 17%
- Fairly valued 25%
- Overvalued 58%
On average the companies inside trade for 27.2 times their yearly profit. By Fair Price, 58% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 85% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IT ITA iShares U.S. Aerospace & Defense ETF | United States | 0.37% | $11.7B | +4.9% | Pays out | 61% |
PP PPA Invesco Aerospace & Defense ETF | United States | 0.58% | $7.23B | +6.0% | Pays out | 59% |
MI MISL First Trust Indxx Aerospace & Defense ETF | United States | 0.60% | $190.0M | +3.7% | Pays out | 58% |
DF DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | United States | 0.96% | $365.8M | -19% | Pays out | 54% |
FS FSDAX Fidelity Select Defense & Aerospace Portfolio· mutual fund | - | - | $3.16B | +3.4% | Pays out | 51% |
WD WDGF WisdomTree Global Defense Fund | United States | 0.45% | $2.07M | -1.3% | Pays out | 48% |
