The iShares Europe Defence UCITS ETF: Structured Exposure to Europe's Defence Industry

The iShares Europe Defence UCITS ETF (DFEU) is a physically replicating exchange-traded fund designed to offer targeted exposure to the European defence sector. It tracks the STOXX Europe Targeted Defence Index, which includes publicly listed European companies deriving a significant portion of their revenue from military equipment and related services. The index focuses on firms within the STOXX Europe All Cap universe that meet minimum thresholds of defense-related revenue, ensuring a high degree of relevance to the sector. The fund was launched on 23 May 2025, is domiciled in Ireland, and is listed on multiple European exchanges including Euronext Amsterdam and Xetra. With a Total Expense Ratio of 0.35% and an accumulation income policy, the ETF reinvests earnings rather than distributing them. DFEU is classified as Article 6 under the Sustainable Finance Disclosure Regulation (SFDR), applying specific ESG filters such as the exclusion of companies involved in controversial weapons or those violating the UN Global Compact principles.