NATO is a passively managed stock portfolio of transatlantic defense companies. Companies must have the FactSet industry classification of Aerospace and Defense and be headquartered in a country that is a member of the North Atlantic Treaty Organization (NATO) for at least three months. All companies meeting these criteria are selected for the portfolio. Stocks may be of any market capitalization but must meet minimum liquidity and daily trading value. Portfolio holdings are weighted by market-cap, subject to capping limits. The investment theses are, given the increased geopolitical risk and defense spending in solidarity, such exposure would lead to long-term capital growth. The portfolio is reconstituted and rebalanced quarterly. The fund may lend up to one-third of the portfolio value.

RTX Corporation

GE Aerospace

The Boeing Company

Lockheed Martin Corporation

Howmet Aerospace Inc.

General Dynamics Corporation

Northrop Grumman Corporation

Honeywell International Inc.

TransDigm Group Incorporated

L3Harris Technologies, Inc.

Industrials

Technology

Themes ETF Trust - Themes Transatlantic Defense ETF

NATO Holdings & Sector Breakdown