ETF · Invesco
DFNX Invesco Defence Innovation UCITS ETF AccumUSD
ISIN IE000BRM9046London Stock Exchange: DFNXInvesco Ltd.
- Technology
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£7.19
on
- Ongoing charge
- 0.39% a year
- Fund size
- £87.3m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, DFNX (Invesco Defence Innovation UCITS ETF AccumUSD, ISIN IE000BRM9046) closed at £7.19 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the year to 30/09/2026 its total return was +18.4%, or +14.7% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +18.4%
- +14.7% after inflation (UK CPIH)
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco Defence Innovation UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2025 +48.7%; 2026 to 30/09/2026 +13.6%. Returns of Invesco Defence Innovation UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +19.2%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +13.6% | +10.4% | |
| +48.7% | +43.6% |
| 12 months to | Return |
|---|---|
| from | +19.2% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
31.1%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2024
- −17.3%
- From to
- Below its highest weekly close since November 2024
- 16.9%
- High of , latest
In words: Volatility of Invesco Defence Innovation UCITS ETF AccumUSD in pounds, annualised from weekly returns to 30/09/2026: 31.1% over 1 year. Largest fall in the price of Invesco Defence Innovation UCITS ETF AccumUSD since November 2024, in pounds: −17.3% from 29/05/2026 to 11/09/2026. On 30/09/2026 the price of Invesco Defence Innovation UCITS ETF AccumUSD was 16.9% below its highest weekly close since November 2024 (29/05/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.39%
- a year
- On £10,000
- £39
- a year, roughly
- Over five years
- £193
- of £10,000, before growth
- 30 charge less
- 2 the same
- 86 charge more
Ongoing charge of Invesco Defence Innovation UCITS ETF AccumUSD 0.39% a year, as of 01/10/2026: 86 of the 118 other technology funds charge more, 2 the same and 30 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Defence Innovation UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Invesco, launched in 2024.
It tracks the S&P Kensho Global Future Defense.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.39% a year — about £39 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.
Technology: Software, chips, AI and other tech companies. One sector only, so prices can move more than a broad fund.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- DFNX
- ISIN
- IE000BRM9046
- Provider
- Invesco
- Tracks
- S&P Kensho Global Future Defense
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.39% a year · about £39 on £10,000
- Fund size
- £87.3m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Technology
Price chart
Since 30/07/2026, the closing price went from £7.29 on 30/07/2026 to £7.19 on 30/09/2026 (−1.4%). The lowest close shown was £7.16 on 11/09/2026 and the highest £8.26 on 14/08/2026.
Chart: closing prices we have recorded since 30/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 30/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Bruker Corp USD0.01 | 2.14% |
| 2 | Rocket Lab | 1.98% |
| 3 | Kopin Corp USD0.01 | 1.94% |
| 4 | Firefly Aerosp USD 0.000100000 | 1.90% |
| 5 | Moog Inc- USD1 · Class A | 1.86% |
| 6 | Ducommun Inc USD0.01 | 1.85% |
| 7 | Mda Space Ltdcad | 1.85% |
| 8 | Saab Ab-B Sek | 1.85% |
| 9 | Iridium CommunicationsIRDM | 1.83% |
| 10 | Teledyne Technologies Inc USD0.01 | 1.83% |
Source: Invesco, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By sector
- Industrials72.5%
- Information Technology18.5%
- Health Care3.2%
- Communication Services3.0%
- Energy1.6%
- Consumer Discretionary1.2%
By country
- United States67.7%
- France9.2%
- United Kingdom5.2%
- Australia3.1%
- Italy3.0%
- Germany2.9%
- Canada1.9%
- Sweden1.9%
- Other countries5.3%
By type of asset
- Equity100.0%
- Cash and money market0.0%
68 holdings are listed for this fund. All 68 holdings of DFNX, with the full split by sector, country and type of asset.
All holdings
The fund publishes 68 holdings; the ten largest make up 19.0% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2024, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1 year among up to 66 technology funds investing globally, not currency-hedged, highest first.
Pro
Pro — currently by invitation
Pro includes the rank among similar funds
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of DFNX?
The ongoing charge of DFNX is 0.39% a year — about £39 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 Invesco Defence Innovation UCITS ETF AccumUSD 0.39% a year, as of 01/10/2026: 86 of the 118 other technology funds charge more, 2 the same and 30 less (share classes counted once).
What does DFNX track?
DFNX tracks the S&P Kensho Global Future Defense.
Is DFNX accumulating or distributing?
DFNX 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 DFNX?
The ISIN of DFNX is IE000BRM9046. An ISIN identifies one exact share class of a fund; DFNX is its ticker on the London Stock Exchange.
What were DFNX’s returns in each of the last five years?
Calendar-year returns of DFNX in pounds (price, with income reinvested in the fund): 2025 +48.7%; 2026 to 30/09/2026 +13.6%. Past performance is not a guide to future returns.
How has DFNX done after inflation?
Over the year to 30/09/2026 DFNX’s total return was +18.4%, or +14.7% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- Invesco, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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