# iShares Global Aerospace & Defence UCITS ETF Accum- USD (DFND)

**Page:** https://fundology.uk/fund/dfnd · ISIN IE000U9ODG19

## 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, DFND (iShares Global Aerospace & Defence UCITS ETF Accum- USD, ISIN IE000U9ODG19) closed at £6.71 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 +0.3%, or −3.2% after UK CPIH inflation.

## Summary

iShares Global Aerospace & Defence UCITS ETF Accum- USD is an exchange-traded fund (ETF) from iShares, launched in 2024. It tracks the S&P Developed BMI Select Aerospace & Defense Capped Index - USD - Benchmark TR Net. 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: **£6.71** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | DFND |
| ISIN | IE000U9ODG19 |
| Also listed as | 5J50 (Xetra, euros) |
| Category | Single sectors |
| Type | ETF |
| Provider | iShares |
| Tracks | S&P Developed BMI Select Aerospace & Defense Capped Index - USD - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £1.3bn |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/01/2024 |

## 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 | +0.34% | -3.22% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares Global Aerospace & Defence UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −2.5%. Returns of iShares Global Aerospace & Defence UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | -2.5% | -5.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 24.15% | -18.18% |

## Largest fall

Volatility of iShares Global Aerospace & Defence UCITS ETF Accum- USD in pounds, annualised from weekly returns to 13/11/2026: 24.1% over 1 year. Largest fall in the price of iShares Global Aerospace & Defence UCITS ETF Accum- USD since April 2025, in pounds: −18.2% from 14/08/2026 to 23/10/2026. On 13/11/2026 the price of iShares Global Aerospace & Defence UCITS ETF Accum- USD was 14.4% below its highest weekly close since April 2025 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Global Aerospace & Defence UCITS ETF Accum- USD 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 06/11/2026, DFND holds 96 positions, according to its published holdings. The largest is GE Aerospace at 8.06% of the fund; the ten largest make up 58.2%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | GE Aerospace | [GE](https://fundology.uk/stock/GE) | 8.06% |
| 2 | Rtx | [RTX](https://fundology.uk/stock/RTX) | 7.76% |
| 3 | Rolls-Royce | [RR.](https://fundology.uk/stock/RR.) | 6.95% |
| 4 | Boeing | [BA](https://fundology.uk/stock/BA) | 6.78% |
| 5 | Airbus Group | — | 6.70% |
| 6 | Lockheed Martin | [LMT](https://fundology.uk/stock/LMT) | 5.26% |
| 7 | General Dynamics | [GD](https://fundology.uk/stock/GD) | 4.62% |
| 8 | Safran | [SAF](https://fundology.uk/stock/SAF) | 4.26% |
| 9 | Howmet Aerospace | [HWM](https://fundology.uk/stock/HWM) | 4.01% |
| 10 | BAE Systems | [BA.](https://fundology.uk/stock/BA.) | 3.81% |

## 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 06/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 99.6% |
| Cash and derivatives | 0.2% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 63.7% |
| France | 12.5% |
| United Kingdom | 11.7% |
| Germany | 3.7% |
| Canada | 1.7% |
| South Korea | 1.4% |
| Italy | 1.2% |
| Israel | 1.1% |
| Other countries | 2.9% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.8% |
| Cash and money market | 0.2% |

All 96 holdings: https://fundology.uk/fund/dfnd/holdings

## Questions people ask

**What is the ongoing charge of DFND?**

The ongoing charge of DFND 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 iShares Global Aerospace & Defence UCITS ETF Accum- USD 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 DFND track?**

DFND tracks the S&P Developed BMI Select Aerospace & Defense Capped Index - USD - Benchmark TR Net.

**Is DFND accumulating or distributing?**

DFND 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 DFND?**

The ISIN of DFND is IE000U9ODG19. An ISIN identifies one exact share class of a fund; DFND is its ticker on the London Stock Exchange. The same share class is also listed as 5J50 (Xetra, euros).

**What does DFND hold?**

As of 06/11/2026, DFND holds 96 positions, according to its published holdings. The largest is GE Aerospace at 8.06% of the fund; the ten largest make up 58.2%. Its ten largest holdings are GE Aerospace (8.06%), Rtx (7.76%), Rolls-Royce (6.95%), Boeing (6.78%), Airbus Group (6.70%), Lockheed Martin (5.26%), General Dynamics (4.62%), Safran (4.26%), Howmet Aerospace (4.01%) and BAE Systems (3.81%).

**What were DFND’s returns in each of the last five years?**

Calendar-year returns of DFND in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −2.5%. Past performance is not a guide to future returns.

**How has DFND done after inflation?**

Over the year to 13/11/2026 DFND’s total return was +0.3%, or −3.2% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/334464/ishares-global-aerospace-defence-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-aerospace-defence-ucits-etf-usd-acc-gb-ie000u9odg19-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/dfnd-ishares-global-aerospace-defence-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.