# Bloomberg Europe Defense -UCITS ETF- Capitalisation (GUGB)

**Source:** https://fundology.uk/fund/gugb · ISIN LU3047998896 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, GUGB (Bloomberg Europe Defense -UCITS ETF- Capitalisation, ISIN LU3047998896) closed at £9.43 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the year to 30/09/2026 its total return was +3.0%, or −0.2% after UK CPIH inflation.

## Summary

Bloomberg Europe Defense -UCITS ETF- Capitalisation is an exchange-traded fund (ETF) from BNP Paribas, launched in 2025. It tracks the Bloomberg Europe Defense Select Index - EUR - 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 0.18% a year — about £18 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: **£9.43** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GUGB |
| ISIN | LU3047998896 |
| Category | Single sectors |
| Type | ETF |
| Provider | BNP Paribas |
| Tracks | Bloomberg Europe Defense Select Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £325m |
| Launched | 2025 |
| Domicile | Luxembourg |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +3.04% | -0.20% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of Bloomberg Europe Defense -UCITS ETF- Capitalisation 0.18% a year, as of 01/10/2026: 95 of the 141 other single-sector funds charge more, 15 the same and 31 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 28/09/2026):

| Holding | Weight |
|---|---|
| Safran | 12.57% |
| Airbus | 12.23% |
| Rolls-Royce | 11.12% |
| Rheinmetall | 10.80% |
| Mtu Aero Engines | 7.73% |
| Saab · Class B | 6.82% |
| Thales | 6.68% |
| Leonardo | 6.47% |
| BAE Systems | 5.34% |
| Kongsberg Gruppen | 4.72% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By country

Added up from the holdings BNP Paribas publishes, as of 28/09/2026.

| Country | Weight |
|---|---|
| France | 24.0% |
| Germany | 22.8% |
| United Kingdom | 18.1% |
| Netherlands | 13.1% |
| Italy | 7.5% |
| Sweden | 7.4% |
| Norway | 4.8% |
| Spain | 2.1% |
| Other countries | 0.2% |

All 38 holdings: https://fundology.uk/fund/gugb/holdings

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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.