U.S. Defense ETF
DUTY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 234 West Florida Street, Suite 203 Milwaukee WI United States of America 53204
- IPO Date
- Apr 8, 2026
- Website
- aura-etfs.com
- Similar Companies
- Business
- U.S. Defense ETF (DUTY) is a passive exchange-traded fund that provides targeted exposure to U.S. defense and national security equities by tracking the Solactive U.S. Defense Index - USD through full replication, delivering stock-level ownership of constituent securities and periodic income from dividends; the fund is managed by Tidal and commenced trading in April 2026 with an expense ratio of 0.45%. DUTY operates primarily in the United States, holding a diversified portfolio of major defense contractors, cybersecurity firms, and related technology companies to reflect the performance of the U.S. defense sector as defined by the index. Founding year and headquarters are not applicable to the ETF as a fund vehicle; its primary objective is to offer investors a cost-efficient, transparent instrument to gain broad exposure to American defense and national security equities, including holdings such as Lockheed Martin, Northrop Grumman, General Dynamics, L3Harris Technologies, and other defined constituents in line with the index methodology. Latest major changes include: launch of DUTY on April 8, 2026, establishing the fund’s presence in the ETF market; strategic positioning as a niche U.S. defense exposure vehicle with full replication of the Solactive U.S. Defense Index - USD; ongoing updates to holdings and index composition reflected in monthly index rebalances and fund disclosures; adoption of a 0.45% total expense ratio as the ongoing cost of ownership for investors. The fund’s recent partnerships or strategic alliances are not publicly detailed beyond its issuer arrangements and distribution channels with retail and institutional platforms; notable product developments include the introduction of a U.S. defense-focused ETF with transparent, rules-based exposure to defense and national security equities, and ongoing holdings disclosures to reflect index changes. DUTY’s geographic focus is the United States, with underlying constituents primarily U.S.-based defense firms and related technology players, and its distribution and marketing emphasis target U.S. and cross-border investors seeking sector-specific defense exposure. Industry context and business segments: DUTY sits within the broader ETF and passive investment segment, offering a defined equity exposure product rather than an active management solution; the fund targets institutional and retail investors seeking diversification across the U.S. defense supply chain, including weapons systems, cybersecurity, aerospace, semiconductors, and related defense technology providers; the fund’s geographic emphasis is U.S.-centric, reflecting the country’s defense spending profile and index composition, with ongoing cadence of index-based reconstitutions to align with sector developments. Subsidiaries or parent relationships: DUTY is a product offered by its sponsor/issuer in the ETF ecosystem; it is not a standalone corporate entity with public subsidiary structures, but rather a fund in the issuer’s lineup designed to track the specified defense index; the asset base and governance are aligned with standard ETF sponsor practices, including fiduciary oversight, fund management, and trustee arrangements, with disclosures and reporting consistent with U.S. regulatory requirements for ETFs. For investors, DUTY provides a transparent, low-cost means to access the U.S. defense sector via a single ticker, with holdings and performance designed to track the Solactive U.S. Defense Index - USD, and with ongoing information on performance, NAV, and sector exposure available through fund materials and platform disclosures.