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: 98. The ten largest make up 62% of the fund.
- Yearly costs
- 0.35%
- Fund size
- $91.7M
- Positions
- 98
- Dividends
- Reinvested
- Running since
- 2024
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 62% of the fund, so its result rests on a few names.
- A young fund: it has been running only since 2024.
- A small fund with $91.7M under management; small funds get closed more often.
- It trades little: only about $784.3K 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
- -3.4%
- 3 months
- -6.4%
- This year
- -4.4%
- 1 year
- -4.2%
- Avg. market cap
- $128.5B
- P/E
- 25.6x
- Forward P/E
- 24.9x
- P/S
- 2.6x
- P/B
- 5.5x
- P/FCF
- 25.2x
- EV/EBITDA
- 17.6x
- Dividend yield
- 1.07%
- ROIC
- 8.5%
- ROE
- 30.8%
- Gross margin
- 24.2%
- Operating margin
- -11.6%
- Net margin
- -10.8%
- Payout ratio
- 27.5%
- Net debt/EBITDA
- 1.9x
- Beta
- 0.71
Weighted average of the 50 largest companies, which make up 84% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 RTRTX RTX 8.7%
- 2 GEGeneral Electric Company GE 7.7%
- 3 Rolls-Royce Holdings PLC 7.6%
- 4 BABoeing BA 7.3%
- 5 AIAirbus AIR.PA 6.6%
- 6 SASafran SAF.PA 6.2%
- 7 LMLockheed Martin LMT 5.2%
- 8 BAE Systems PLC 4.2%
- 9 HWHowmet Aerospace HWM 4.0%
- 10 GDGeneral Dynamics GD 4.0%
Positions in the fund: 98. The ten largest make up 62% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy country
- United States 63%
- United Kingdom 13%
- France 7.9%
- Netherlands 6.6%
- Other countries 9.5%
By company size
- Mega cap 19%
- Large cap 76%
- Mid cap 4.0%
- Small cap 0.7%
- Micro cap 0.2%
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 85% of the fund.
Largest country: United States (63%). Largest size group: Large cap (76%).
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
- -4.2%
- Deepest drop
- -19%
- Yearly volatility
- 22%
Decline over the last year: 4.2%. 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
- $784.3K
- Shares a day
- 21K
On an average day about $784.3K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 25.6
- Average Bulios Score
- 58 out of 100
Weight by Bulios Fair Price
- Undervalued 13%
- Fairly valued 12%
- Overvalued 75%
On average the companies inside trade for 25.6 times their yearly profit. By Fair Price, 75% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 84% 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% | $12.1B | -0.9% | Pays out | 56% |
PP PPA Invesco Aerospace & Defense ETF | United States | 0.58% | $7.42B | +0.6% | Pays out | 55% |
MI MISL First Trust Indxx Aerospace & Defense ETF | United States | 0.60% | $193.7M | -3.8% | Pays out | 53% |
DF DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | United States | 0.96% | $385.6M | -31% | Pays out | 51% |
FS FSDAX Fidelity Select Defense & Aerospace Portfolio· mutual fund | - | - | $3.32B | -1.4% | Pays out | 50% |
WD WDGF WisdomTree Global Defense Fund | United States | 0.45% | $2.18M | -4.3% | Pays out | 46% |
