Xtrackers Europe Defense Technologies ETF (XDEF) is an exchange-traded fund that seeks to provide investment results corresponding generally to the performance, before fees and expenses, of the STOXX Europe Total Market Defence Space and Cybersecurity Innovation 50-25 Index. The fund tracks European listed equities whose revenues or patent activities are linked to defense technologies, space, and cybersecurity sectors, including defense companies, satellite technology manufacturers, and cyber-attack software developers; it employs a passive management style with physical replication of the underlying index. Launched on Nasdaq in February 2026 following an initial UCITS version in August 2025, the ETF features a net/gross expense ratio of 0.35% and targets U.S. and global investors seeking exposure to high-growth European innovators in defense-related themes.
Xtrackers ETFs, issued by DWS Group—a leading European asset manager headquartered in Frankfurt am Main, Germany, with roots tracing back to 1956 and part of Deutsche Bank—operate globally across major exchanges including Nasdaq, Xetra, and the London Stock Exchange; the platform manages over EUR 286 billion in assets across more than 270 UCITS ETFs as of December 2025. Recent developments include the U.S. launch of XDEF in February 2026 to capitalize on rising European defense spending; partnerships such as with Levler in August 2025 for commission-free trading of six Xtrackers ETFs in Sweden until end-2026; and multiple new product launches in 2025, including factor-based ETFs in October and November. These initiatives reflect strategic expansions into thematic equity, digital distribution channels, and U.S. markets amid growing investor demand for passive exposure to defense, space, and cybersecurity innovations.