VistaShares Defense Supercycle ETF (AMMO)

The VistaShares Defense Supercycle ETF (AMMO) is a thematic equity fund sponsored by VistaShares. As its name indicates, it focuses on companies tied to defense and military spending, a theme the sponsor frames as a multi-year expansion of defense budgets.

The portfolio is built around businesses involved in areas such as weapons systems, munitions, military aircraft and vehicles, defense electronics and related technologies and services. Holdings may include companies listed both in the United States and abroad.

The fund is listed on NYSE Arca and offers a single exchange-traded vehicle for exposure to the defense industry theme rather than to the broad equity market.