This exchange-traded fund (ETF) focuses on providing investors with exposure to the rapidly evolving global defense industry. It aims to capture the growth potential stemming from technological advancements and shifting geopolitical landscapes impacting national security. The fund invests in companies worldwide that are involved in the development, manufacturing, and provision of cutting-edge defense technologies, systems, and services. These include areas such as cybersecurity, aerospace and aviation, missile defense, robotics, advanced materials, autonomous systems, and space technology, reflecting the increasing sophistication and interconnectedness of modern warfare. By targeting this segment, the ETF seeks to benefit from both government defense spending and private sector innovation in related fields. It typically achieves this by selecting companies based on their perceived ability to capitalize on current and future defense trends, often focusing on those leading in innovation and technological breakthroughs. This could include firms that manufacture advanced weaponry, provide crucial communications infrastructure, develop sophisticated surveillance equipment, or offer logistical support to armed forces. Furthermore, the ETF may include companies focused on cybersecurity and intelligence gathering, given their crucial role in modern conflict and national security. The strategy aims to be forward-looking, concentrating on companies that are well-positioned to adapt to changing defense needs, leveraging emerging technologies and adapting to evolving international threats. Its constituents generally comprise those involved in the direct supply of weaponry, technology, and services to armed forces and security apparatus, but can also include those engaged in tangential businesses critical to defence, like cloud computing or satellite communications. The overall goal is to provide diversified exposure to the global defence sector while concentrating on those companies driving technological progress and likely to benefit from increased investment in this critical industry, and therefore capture the potential for capital appreciation as the defence industry moves toward increasingly complex and technology-driven solutions.