HANetf
ASWC.DE
IE000OJ5TQP4
Future of Defence UCITS ETF – Acc
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About this ETF

The HANetf Future of Defence UCITS ETF seeks to track the EQM Future of Defence index. The EQM Future of Defence index tracks the performance of companies worldwide that are engaged in the military or defense industry.

TER
0.49%

Total Expense Ratio per year

Fund Size
€2.86B

Assets under management

Holdings
60

Underlying equities

Dividend Yield
-

Accumulating

Fundamentals & Estimates

Weighted valuation multiples and analyst forecasts

Valuation Multiples
Weighted P/E
32.29
Weighted Fwd P/E
25.94
💰 Revenue Estimates
Current Year CY
+20.69% ⌀ 23 Analysts Coverage
Next Year NY
+15.87% ⌀ 23 Analysts Coverage
📈 EPS Estimates (Earnings Per Share)
Current Year CY
+28.86% ⌀ 22 Analysts Coverage
Next Year NY
+19.7% ⌀ 21 Analysts Coverage

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ETF Profile
Provider
HANetf
 HANetf
Fund Type
ETF
Type
Passive
Inception Date
07/03/2023 (3 yrs)
Index Group
EQM Future of Defence
Index
EQM Future of Defence
Region
World
Country
-
Sector
-
Strategy
-
Theme
Defense
Distribution Policy
Accumulating
Replication
Full replication
Sustainable
No

🛡️ Risk & Structural Analysis

Multi-Factor Risk Model & Market Data

6/7 High
35/100 Low (Concentration Risk)
Diversification Score
35/100 Low (Concentration Risk)
3Y Volatility
23.4% p.a.
Max Drawdown (3Y)
-22.6%
Sharpe Ratio (3Y)
1.36
Notes & Warnings
Fund Volume (AUM) 🟢 Established large fund (> 500M € AUM)
⚠️ Elevated valuation: Avg P/E of 32.3
⚠️ Elevated top 10 holdings concentration: 46% of fund in top 10 positions.
⚠️ Sector concentration: 33% in "Technology".
🔴 Severe sector concentration risk: 67% in "Industrials".
🔴 Extreme industry concentration: 63% in "Aerospace & Defense".
🔴 Dominant Cyclicality: 67% in cyclical industries – higher drawdown risk in recessions.
⚠️ Elevated Regulatory & Policy Risk: 64% in heavily regulated industries (defense, regulated utilities, healthcare policy).
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