AMMO ETF — VistaShares Defense Supercycle® ETF

VistaShares Defense Supercycle® ETF (AMMO)

AMMO is an ETF linked to Global defense, aerospace, and autonomous-systems value chain. its expense ratio is 0.75%. Total return is 0.9% over the past 0.2 years, 0.8 points behind SPY at 1.7%.

VistaShares Defense Supercycle® ETF is an actively managed thematic fund that invests in a global portfolio of companies advancing next-generation defense technologies, aerospace systems, cybersecurity, and autonomous platforms. The fund launched on July 15, 2026, carries a 0.75% expense ratio, and distributes annually, positioning it as a growth-oriented strategy rather than an income vehicle. It appeals to investors seeking targeted exposure to the modern defense and aerospace buildout across global markets.

AMMO performance versus SPY

Price and return data through 2026-09-18.

Total return is 0.9% over the past 0.2 years, 0.8 points behind SPY at 1.7%.

AMMO key facts

Issuer

VistaShares

Asset type

ETF

Asset class

Equity

Inception date

07/15/2026

Expense ratio

0.75%

Distribution frequency

Annual

Last close

$24.65 (as of 2026-09-18)

NAV

$24.32

Premium / discount

1.36% premium

AUM

$1,533,325

Average volume

842.0

Payout ratio

0.0

P/E ratio

35.5684

Forward P/E

0.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: VistaShares or company page; Index: Global defense, aerospace, and autonomous-systems value chain; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AMMO risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider AMMO — and who may not

It is a weaker fit for investors who need monthly cash flow (AMMO pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from VistaShares.