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The WisdomTree Europe Defense Fund (WDEF) utilizes a passive management approach, aiming to invest in companies operating within the European defense industry. Instead of holding every single constituent, the fund employs a representative sampling methodology to closely mirror the risk and return characteristics of its underlying index. For a company to be eligible for inclusion, it must be listed in a European country, satisfy specific minimum requirements for size and liquidity, and generate at least 10% of its total revenue from defense-related activities. Eligible securities are then classified into three distinct categories based on their percentage of defense revenue: Category 1 represents 12-25% exposure, Category 2 covers 25-50%, and Category 3 includes those with over 50%. The index imposes individual concentration limits, setting a maximum of 12.5% for companies in the highest exposure Category 3 and 4.5% for those in Categories 1 and 2. Portfolio holdings are predominantly weighted by their free-float market capitalization, with a further adjustment based on their specific level of defense revenue exposure. The underlying index is subject to rebalancing twice per year, specifically in March and September.
Sector exposure data isn't available for this fund yet.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| HO.PA | Thales SA | 10.14% | $9.22M |
| BA.L | BAE Systems PLC | 9.66% | $8.79M |
| RHM.DE | Rheinmetall AG | 8.54% | $7.77M |
| AIR.PA | Airbus SE | 5.35% | $4.86M |
| LDO.MI | Leonardo Spa | 5.11% | $4.64M |
| HAG.DE | Hensoldt Ag | 5.06% | $4.60M |
| RR.L | Rolls-Royce Holdings PLC | 4.94% | $4.49M |
| SAF.PA | Safran SA | 4.88% | $4.44M |
| SAABB.ST | Saab Ab-B | 4.60% | $4.18M |
| AM.PA | Dassault Aviation Sa | 4.33% | $3.94M |
| KOG.OL | Kongsberg Gruppen Asa | 3.92% | $3.56M |
| IDR.MC | Indra Sistemas SA | 3.71% | $3.37M |
| BAB.L | Babcock International Group PL | 3.23% | $2.94M |
| MRO.L | Melrose Industries Plc | 3.04% | $2.77M |
| TKMS.DE | Tkms Ag& Co Kgaa | 2.94% | $2.67M |
| R3NK.DE | Renk Group Ag | 2.84% | $2.58M |
| EXENS.PA | Exosens Sas | 1.61% | $1.46M |
| FCT.MI | Fincantieri Spa | 1.53% | $1.39M |
| CSG.AS | Csg Nv | 1.50% | $1.36M |
| QQ.L | QinetiQ Group PLC | 1.48% | $1.35M |
| THEON.AS | Theon International Plc | 1.37% | $1.24M |
| EXA.PA | Exail Technologies | 1.15% | $1.04M |
| SRP.L | Serco Group PLC | 1.13% | $1.02M |
| CHG.L | Chemring Group PLC | 0.84% | $760.12K |
| KMAR.OL | Kongsberg Maritime As | 0.77% | $700.49K |