# Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- (DEFE) **Page:** https://fundology.uk/fund/defe · ISIN LU3038520774 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, DEFE (Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc-, ISIN LU3038520774) closed at £4.69 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the year to 13/11/2026 its total return was −2.5%, or −6.0% after UK CPIH inflation. ## Summary Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- is an exchange-traded fund (ETF) from Amundi, launched in 2025. It tracks the STOXX Europe Total Market Defense Capped Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£4.69** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | DEFE | | ISIN | LU3038520774 | | Also listed as | DEFS (London Stock Exchange, US dollars), EDFS (Xetra, euros) | | Category | Single sectors | | Type | ETF | | Provider | Amundi | | Tracks | STOXX Europe Total Market Defense Capped Index | | Income | Accumulating | | Ongoing charge | 0.35% a year (£35 per £10,000) | | Fund size | £468m | | Launched | 2025 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/05/2025 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -2.51% | -5.96% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −7.5%. Returns of Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −10.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -7.5% | -10.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 33.18% | -20.85% | ## Largest fall Volatility of Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- in pounds, annualised from weekly returns to 13/11/2026: 33.2% over 1 year. Largest fall in the price of Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- since June 2025, in pounds: −20.9% from 20/02/2026 to 15/05/2026. On 13/11/2026 the price of Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- was 17.8% below its highest weekly close since June 2025 (20/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- 0.35% a year. Compared on 14/11/2026, 70 of the 164 other single-sector funds charge more, 3 the same and 91 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.35%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 11/11/2026, DEFE holds 27 positions, according to its published holdings. The largest is Airbus at 10.80% of the fund; the ten largest make up 87.2%. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Airbus | [AIR](https://fundology.uk/stock/AIR) | 10.80% | | 2 | BAE Systems | [BA.](https://fundology.uk/stock/BA.) | 10.29% | | 3 | Thales | [HO](https://fundology.uk/stock/HO) | 9.87% | | 4 | Safran | [SAF](https://fundology.uk/stock/SAF) | 9.74% | | 5 | Rolls-Royce | [RR.](https://fundology.uk/stock/RR.) | 9.69% | | 6 | Leonardo | [LDO](https://fundology.uk/stock/LDO) | 9.08% | | 7 | MTU Aero Engines | [MTX](https://fundology.uk/stock/MTX) | 8.58% | | 8 | Saab | [SAAB_B](https://fundology.uk/stock/SAAB_B) | 8.55% | | 9 | Rheinmetall | [RHM](https://fundology.uk/stock/RHM) | 7.84% | | 10 | Babcock International Group | [BAB](https://fundology.uk/stock/BAB) | 2.80% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector As published for the fund, as of 11/11/2026. | Sector | Weight | |---|---| | Industrials | 99.5% | | Information Technology | 0.5% | ### By country As published for the fund, as of 11/11/2026. | Country | Weight | |---|---| | France | 33.4% | | United Kingdom | 25.2% | | Germany | 21.1% | | Italy | 9.6% | | Sweden | 9.3% | | Netherlands | 0.7% | | Finland | 0.5% | | Norway | 0.1% | The 25 holdings on record (of 27 reported): https://fundology.uk/fund/defe/holdings ## Questions people ask **What is the ongoing charge of DEFE?** The ongoing charge of DEFE is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- 0.35% a year. Compared on 14/11/2026, 70 of the 164 other single-sector funds charge more, 3 the same and 91 less (share classes counted once). **What does DEFE track?** DEFE tracks the STOXX Europe Total Market Defense Capped Index. **Is DEFE accumulating or distributing?** DEFE is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of DEFE?** The ISIN of DEFE is LU3038520774. An ISIN identifies one exact share class of a fund; DEFE is its ticker on the London Stock Exchange. The same share class is also listed as DEFS (London Stock Exchange, US dollars) and EDFS (Xetra, euros). **What does DEFE hold?** As of 11/11/2026, DEFE holds 27 positions, according to its published holdings. The largest is Airbus at 10.80% of the fund; the ten largest make up 87.2%. Its ten largest holdings are Airbus (10.80%), BAE Systems (10.29%), Thales (9.87%), Safran (9.74%), Rolls-Royce (9.69%), Leonardo (9.08%), MTU Aero Engines (8.58%), Saab (8.55%), Rheinmetall (7.84%) and Babcock International Group (2.80%). **What were DEFE’s returns in each of the last five years?** Calendar-year returns of DEFE in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −7.5%. Past performance is not a guide to future returns. **How has DEFE done after inflation?** Over the year to 13/11/2026 DEFE’s total return was −2.5%, or −6.0% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/equity/amundi-stoxx-europe-defense-ucits-etf-acc/lu3038520774) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.