Defiance Expands Drone ETF to Include Private Defense Companies

Defiance is updating its Drone and Modern Warfare ETF to allow up to 15% of assets to be invested in private companies that fit the fund's defense technology theme. Effective around August 6, 2026, the ETF will retain its primary objective of tracking the BITA Drone & Modern Warfare Select Index while adding a secondary objective to gain exposure to eligible private firms through special purpose vehicles (SPVs). The change broadens the fund's reach beyond publicly traded companies without altering its management fee.