# Future of Defence UCITS ETF Accum USD (NATP)

**Source:** https://fundology.uk/fund/natp · ISIN IE000OJ5TQP4 · 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, NATP (Future of Defence UCITS ETF Accum USD, ISIN IE000OJ5TQP4) closed at £15.78 on the London Stock Exchange. Its ongoing charge is 0.49% a year (about £49 on £10,000). Over the three years to 30/09/2026 its total return was +65.1%, or +48.9% after UK CPIH inflation.

## Summary

Future of Defence UCITS ETF Accum USD is an exchange-traded fund (ETF) from HANetf, launched in 2023. It tracks the EQM Future of Defence Index - 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 0.49% a year — about £49 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: **£15.78** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | NATP |
| ISIN | IE000OJ5TQP4 |
| Category | Single sectors |
| Type | ETF |
| Provider | HANetf |
| Tracks | EQM Future of Defence Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.49% a year (£49 per £10,000) |
| Fund size | £1.8bn |
| Launched | 2023 |
| Domicile | Ireland |

## 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 | +8.15% | +4.75% | income reinvested |
| 3 years | +65.06% | +48.95% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Future of Defence UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2024 +34.0%, 2025 +45.5%; 2026 to 30/09/2026 +13.4%. Returns of Future of Defence UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +9.7%; to 30/09/2025: +68.6%; to 30/09/2024: +33.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | +34.0% | +29.5% | Price |
| 2025 | +45.5% | +40.5% | Price |
| 2026 to 30/09/2026 | +13.4% | +10.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 27.48% | -11.12% |
| 3 years | 20.53% | -11.12% |

## Largest fall

Volatility of Future of Defence UCITS ETF Accum USD in pounds, annualised from weekly returns to 30/09/2026: 27.5% over 1 year, 20.5% over 3 years. Largest fall in the price of Future of Defence UCITS ETF Accum USD since July 2023, in pounds: −11.1% from 12/08/2026 to 11/09/2026. The lowest 12-month return of Future of Defence UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since July 2023 was +6.2% (12 months to 30/09/2026); the highest was +68.6% (12 months to 26/09/2025). On 30/09/2026 the price of Future of Defence UCITS ETF Accum USD was 7.1% below its highest weekly close since July 2023 (12/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Future of Defence UCITS ETF Accum USD 0.49% a year, as of 01/10/2026: 40 of the 141 other single-sector funds charge more, 1 the same and 100 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.49%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.