Highlights

  • ARMR aims to track the VettaFi Global Defence Leaders index before fees and expenses.
  • Industrials represented 86.11% and technology 13.89% of sector exposure.
  • The ten largest positions represented 66.82% of the portfolio.
  • The United States accounted for 61.98% of geographic exposure.

Betashares Global Defence ETF (ASX:ARMR) provides global defence Equity exposure through the VettaFi Global Defence Leaders Index. It aims to track the benchmark before fees and expenses. At the time of writing on 6 November 2026, ARMR was trading at AUD 21.34. Industrial companies dominate the sector allocation, while technology adds another component to a portfolio concentrated in defence related businesses across several countries.

A global theme within an equity portfolio

The fund’s mandate creates exposure to a specific industry theme rather than the full global share market. Its reported asset allocation was entirely equities. The portfolio contained sixty holdings, but that company count does not remove the common commercial influences attached to the defence industry.

Demand for defence products and services can depend on government priorities, contract awards and procurement decisions. Program execution, costs and delivery schedules can influence individual businesses. These factors describe underlying industry exposures; the fund’s benchmark objective does not imply that rising defence Demand will necessarily translate into higher share prices.

Leading holdings combine industrial and technology businesses

Industrials represented 86.11% of sector exposure and technology 13.89%. Palantir Technologies was the largest holding at 8.90%, followed by Safran at 8.11%, Lockheed Martin at 8.04%, RTX at 7.66% and General Dynamics at 7.65%.

BAE Systems, Northrop Grumman, Rheinmetall, L3Harris Technologies and Rocket Lab completed the ten largest positions. Together, those holdings represented 66.82% of the portfolio. The large combined weight makes the leading companies important to the fund’s exposure. A sixty holding portfolio can therefore remain materially concentrated when its largest positions account for most assets.

Geographic allocation costs and implementation risks

The United States represented 61.98% of geographic exposure, France 11.23%, the United Kingdom 8.17% and Germany 5.85%. South Korea accounted for 4.30%, with smaller allocations to Israel, Sweden, Italy, Norway and Australia. The global mandate remains substantially influenced by United States companies.

Companies above AUD 1 billion represented 85.69% of the Market Capitalisation breakdown. Smaller businesses added exposure, including 1.84% below AUD 500 million. Global holdings introduce currency and jurisdictional influences, while thematic concentration can cause the fund to respond differently from a broad international equity portfolio.

Management fees and costs were listed at 0.55%. Fund size was AUD 217.20 million. A distribution of AUD 0.467 per unit had an ex-distribution date of 1 July 2026, a Record Date of 2 July 2026 and a payment date of 16 July 2026. Distribution amounts can change and do not represent a fixed payment commitment.

Key Insights

ARMR combines defence related industrial businesses with technology exposure. The large leading company weights and substantial United States allocation define the portfolio more precisely than the global label or total holding count alone.