New Defense-Themed ETF AMMO Joins VistaShares’ Trio of Thematic Funds
VistaShares launched the VistaShares Defense Supercycle ETF (AMMO) on the NYSEARCA on July 12, 2026, tracking the BITA VistaShares Defense Supercycle Index. The fund focuses on companies supplying the U.S. Department of Defense procurement supply chain, with over 25% concentration in aerospace and defense industries. It carries a 0.75% expense ratio and can hold stocks of any size, including foreign firms. AMMO joins sister funds GALX (space) and RTOO (robotics). The launch comes amid heightened global defense spending, including a proposed $1.5 trillion U.S. Department of War budget and the EU's ReArm Europe Plan. AMMO faces competition from established, lower-cost ETFs like ITA (0.42% expense ratio, 18.62% one-year return) and XAR. Holdings data has not yet been published.
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