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WisdomTree Europe Defense Fund (WDEF) ETF Holdings & Analysis
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What WDEF does
The WisdomTree Europe Defense Fund (WDEF) utilizes a passive management approach, aiming to invest in companies operating within the European defense industry. Instead of holding every single constituent, the fund employs a representative sampling methodology to closely mirror the risk and return characteristics of its underlying index. For a company to be eligible for inclusion, it must be listed in a European country, satisfy specific minimum requirements for size and liquidity, and generate at least 10% of its total revenue from defense-related activities. Eligible securities are then classified into three distinct categories based on their percentage of defense revenue: Category 1 represents 12-25% exposure, Category 2 covers 25-50%, and Category 3 includes those with over 50%. The index imposes individual concentration limits, setting a maximum of 12.5% for companies in the highest exposure Category 3 and 4.5% for those in Categories 1 and 2. Portfolio holdings are predominantly weighted by their free-float market capitalization, with a further adjustment based on their specific level of defense revenue exposure. The underlying index is subject to rebalancing twice per year, specifically in March and September.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| BAE Systems PLC | 10.08% | |
| Thales SA | 9.77% | |
| Rheinmetall AG | 8.98% | |
| Saab Ab-B | 5.72% | |
| Leonardo Spa | 5.28% | |
| Rolls-Royce Holdings PLC | 5.26% | |
| Safran SA | 4.97% | |
| Airbus SE | 4.94% | |
| Hensoldt Ag | 4.71% | |
| Kongsberg Gruppen Asa | 4.44% |
Geographic allocation
| Germany | 19.81% |
| United Kingdom | 25.07% |
| France | 21.66% |
| Other | 8.09% |
| Italy | 6.98% |
| Netherlands | 4.94% |
| Norway | 5.55% |
| Spain | 3.45% |
| Czechia | 1.62% |
| Cyprus | 1.25% |
PortView Portfolio Insights
PortView analyzes how WDEF fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does WDEF track?
- WDEF is the WisdomTree Europe Defense Fund, a Other ETF.
- What is the expense ratio of WDEF?
- Expense ratio data for WDEF is shown on the page when available from our data provider.
- What are the largest holdings in WDEF?
- Top holdings include BA.L, HO.PA, RHM.DE, SAABB.ST, LDO.MI.
- How can PortView analyze WDEF overlap with other ETFs?
- PortView computes the holdings overlap between WDEF and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.