IDEF directs its investments towards global defense and industrial companies that are well-positioned to benefit from the increasing expenditures in defense and security worldwide. Its holdings predominantly consist of businesses engaged in aerospace, engineering, machinery production, and related industrial operations, located both within the United States and internationally. The fund's main goal is to achieve the highest possible total return. It accomplishes this by strategically investing in sectors closely associated with defense activities, selecting companies based on in-depth fundamental analysis, recognized third-party classification systems, and specific thematic indices. To either mitigate potential risks or enhance investment returns, IDEF utilizes various derivative instruments, such as options, futures, and swaps. This fund possesses the flexibility to invest in companies of any market capitalization across the globe, including those in developing economies. It may also gain exposure to adjacent sectors like security solutions and information technology services. The management team diligently oversees its portfolio, particularly within the industrials sector, with the aim of generating favorable risk-adjusted returns.

RTX Corporation

Lockheed Martin Corporation

General Dynamics Corporation

The Boeing Company

Northrop Grumman Corporation

Palantir Technologies Inc.

Fortinet, Inc.

Howmet Aerospace Inc.

BWX Technologies, Inc.

Space Exploration Technologies Corp

Industrials

Technology

Energy

Cash & Others

Basic Materials

Utilities

Financial Services

Communication Services

iShares Defense Industrials Act

The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. defense and related industrials companies. The fund is non-diversified.

IDEF Holdings & Sector Breakdown

IDEF Holdings & Sector Breakdown