U.S. Defense ETFDUTY

Defence ETFs trade in the overlap between geopolitical headlines and quarterly earnings calls, and DUTY-the Invesco iShares U.S. Defense ETF-is the clearest public window into that overlap. Its Nasdaq market page shows live quotes, intraday volume, and a ticker that flashes red or green depending on whether the latest Pentagon budget leak or contractor scandal is doing the rounds on CNBC. The fund’s mandate is simple: own companies that sell things the U.S. government would rather not put on lay-away.

The basket is a roll call of aerospace, defence electronics, cybersecurity, and IT services firms whose products range from fighter-jet engines to software that can allegedly spot a submarine from a satellite. The list is public, but the real work happens in the SEC filings and fund documents, where the holdings are disclosed quarterly like a changing-of-the-guard ceremony. The issuer’s marketing material still leans on phrases like “critical national infrastructure,” but the portfolio itself is a spreadsheet of suppliers whose end customers include the Department of Defense, NASA, and a handful of alphabet-soup agencies that prefer to remain un-named. The fee, 0.42% per year, is the only thing that moves faster than a Tomahawk launch.

DUTY’s SEC filings live on EDGAR under the fund’s legal wrapper, and the issuer’s latest prospectus confirms the mandate and the fee schedule but leaves the individual holdings to the next quarterly report. That means the current roster is only as fresh as the last filing, and the fund’s fact sheet is the closest thing to a live roster-though even that lags the real-time price you see on Nasdaq. The fund itself is structured as an open-ended ETF, so it can grow or shrink with investor flows, but the issuer’s marketing still frames the product as a “strategic allocation,” which is fund-speak for “we hope you forget we charge 0.42% every year.”

The Nasdaq market page for DUTY provides the live quote and intraday chart, but the chart doesn’t tell you whether the price is up because Raytheon beat earnings or because the latest Pentagon budget deal just cleared Congress. The fund’s liquidity is healthy enough for intraday trading, but the underlying companies’ earnings cycles and government contract awards are the real drivers-information that only appears in SEC filings and quarterly reports. The fund’s tracking method is standard for a plain-vanilla ETF: it holds the securities in the index, rebalances on a schedule, and charges the fee like clockwork. There’s no magic to the wrapper; it’s a fee-collection sleeve around a basket of defence contractors, and the only thing that changes daily is the price.

What changed this week: the Nasdaq page shows the ticker still trading, the price still moving, and the issuer still collecting the fee. The fund’s holdings haven’t been updated in the latest public documents, so the current roster remains unproven until the next quarterly filing. The fee, 0.42%, is proven and persistent. The liquidity is proven via the Nasdaq quote feed. Everything else-the exact list of holdings, their weights, and their recent performance-is only as proven as the last EDGAR filing and the fund’s fact sheet. The chart is live on Nasdaq, but it’s just a price line without context until you match it to the underlying filings.

The evidence does not prove which individual holdings are up or down on the day, nor does it prove the fund’s tracking error versus the index. Those facts live in the fund’s performance reports and regulatory filings, which are not supplied in this rail. The Nasdaq page, SEC EDGAR filings, and FINRA fund analyser are the only rails used here, and they prove the fund exists, the fee exists, the mandate exists, and the price moves. Anything beyond that is either stale or missing-choose your poison.