DUTY | U.S. Defense ETF

Overview

NAV

$26.91

as of May 28, 2026

YTD Returns

--.--%

as of May 28, 2026

Total Net Assets

$1.35M

as of May 28, 2026

Total Expense Ratio

0.45%

Inception Date

Apr 8, 2026

About DUTY

The U.S. Defense ETF seeks to track the performance, before fees and expenses, of the Solactive U.S. Defense Index (the “Index”).

Why Duty?

United States is the world’s largest defense spender, at roughly $997 billion, representing 1/3 of global military expenditure¹
Cybersecurity threats accelerating with damages projected to exceed $10 trillion annually by 2025²
The U.S. CHIPS and Science Act provides more than $50 billion to strengthen semiconductor supply chains³

Learn more about the Investment Case.

Fund Details

as of May 28, 2026

Ticker

DUTY

Exchange

NYSE

CUSIP

US88635U2006

ISIN

88635U200

Index Ticker

SOLUSDET

Premium Discount

0.112%

Shares Outstanding

50,000

Market Price

$26.94

Performance

Cumulative Average Annual Calendar Year

1 Month

3 Month

YTD

Since Inception

NAV

--.--%

Market Price

--.--%

Solactive US Defense Index

--.--%

Returns less than one year are not annualized. The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (888) 824-4467.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Growth of Hypothetical $10,000 Investment

as of Dec 31, 2025

$120 $110 $100 $90 $80 $70 $60 $50

Apr 23 Jul 23 Oct 23 Jan 24 Apr 24 Jul 24 Oct 24 Jan 25 Apr 25 Jul 25 Oct 25 Jan 26

This chart illustrates how a hypothetical investment of $10,000 might have grown. It assumes that dividends and capital gains have been reinvested and is calculated at market price. It doesn't reflect any sales fees or taxes that may have been charged. Results are not indicative of future performance.

Holdings

Top 10 Holdings

Download CSV View Full Holdings

Name

Ticker

Stock Price

% Net assets

Shares Held

Market Value

Palantir Technologies Inc

PLTR

$156.54

7.47%

1,051

$164,524

Lockheed Martin Corp

LMT

$527.00

7.08%

296

$155,992

Rocket Lab Corp

RKLB

$143.48

7.05%

1,082

$155,245

L3Harris Technologies Inc

LHX

$315.18

6.91%

483

$152,232

General Dynamics Corp

GD

$346.82

6.87%

436

$151,214

Northrop Grumman Corp

NOC

$561.21

6.78%

266

$149,282

Fortinet Inc

FTNT

$137.97

4.12%

658

$90,784

Crowdstrike Holdings Inc

CRWD

$731.00

4.08%

123

$89,913

Palo Alto Networks Inc

PANW

$281.69

4.00%

313

$88,169

Okta Inc

OKTA

$123.27

3.90%

696

$85,796

Data as of Jun 1, 2026 . Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.

Distributions

Yields

as of Apr 7, 2026

Distribution Frequency

Annual

30-Day SEC Yield

-.--%

Distribution Rate*

-.--%

12 Month Yield

-.--%

The 30-Day SEC Yield represents net investment income earned by the Fund over the 30-day period ended on the date indicated by the Yield, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-day period. The unsubsidized 30-Day SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.

*The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The Distribution Rate represents a single distribution from the Fund and is not a representation of the Fund's total return. The Distribution Rate is calculated by multiplying the most recent distribution by 12 in order to annualize it, and then dividing by the Fund's NAV.

Distribution History

Ex-Date

Record Date

Pay Date

Amount

No distributions have been paid to date.

As of the most recent distribution by the Fund, XX.XX% was estimated to be from net investment income.

Literature

Key Documents

Statutory Prospectus

Factsheet

Summary Prospectus

Investment Case

Statement of Additional Information