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NATO ETF — Themes Transatlantic Defense ETF
Themes Transatlantic Defense ETF (NATO)
Updated October 16, 2026.
Verdict as of October 16, 2026
NATO's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). The latest total cash payment per current share, $0.172 with an ex-date of December 18, 2025, was 719.0% higher than the previous $0.021. These payments are unclassified; this does not establish a base-dividend change.
Sources: Themes, Section 19a-1 notices, scoring methodology.
NATO is an ETF. its trailing-12-month yield is 0.47%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 45.5% over the past 2 years, 10.8 points ahead of SPY at 34.7%.
Themes Transatlantic Defense ETF is an equity fund that tracks an index of aerospace and defense companies headquartered in NATO member countries, investing at least 80% of its assets in index securities and related depositary receipts. The fund carries a modest expense ratio of 0.35% and distributes annually, though its most recent distribution was special and may not recur regularly. This ETF appeals to investors seeking exposure to the transatlantic defense sector.
NATO dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (0.47%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.172. The ex-dividend date is 12/18/2025. The payment date is 12/19/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-18 | $0.172 | 719.0% Unclassified cash |
| 2024-12-24 | $0.021 | — |
| 2024 total (partial launch year) | $0.021 | — |
| 2025 total | $0.172 | — |
NATO holdings and sector exposure
Holdings are not available for this snapshot.
NATO performance versus SPY
Price and return data through 2026-10-16.
Total return is 45.5% over the past 2 years, 10.8 points ahead of SPY at 34.7%. Over the past year its total return — price change plus distributions reinvested — is -1.9%. Its deepest 1-year drawdown was 19.2%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -3.4% | — |
| 3M | -6.7% | — |
| 6M | -9.9% | — |
| YTD | -4.0% | — |
| 1Y | -1.9% | — |
| 2Y CAGR | — | 19.60% |
| Since inception (2 years) | 45.5% | 20.50% |
NATO key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Themes
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 10/10/2024
- Expense ratio
- 0.35%
- Distribution frequency
- Annual
- Trailing yield
- 0.47%
- Last close
- $36.73 (as of 2026-10-16)
- AUM
- $89,001,884
- Average volume
- 13202.0
- Dividend
- $0.172
- Ex-dividend date
- 12/18/2025
- Payment date
- 12/19/2025
- Beta
- 1.0155
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.47%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Themes; 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.
NATO risks and drawbacks
Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 19.2%.
Who may consider NATO — and who may not
It is a weaker fit for investors who need monthly cash flow (NATO pays annual). This is educational context, not a recommendation to buy or sell.
More on NATO
Frequently asked questions
Does NATO pay monthly?
No. NATO currently pays annual, not monthly.
What is NATO's expense ratio?
NATO's expense ratio is 0.35%.
When does NATO pay a dividend?
NATO pays annual. The dividend amount is $0.172. The ex-dividend date is 12/18/2025. The payment date is 12/19/2025.
How has NATO performed?
Total return is 45.5% over the past 2 years, 10.8 points ahead of SPY at 34.7%. Over the past year its total return — price change plus distributions reinvested — is -1.9%. Its deepest 1-year drawdown was 19.2%.
Is NATO a good investment?
NATO's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Compare peers below rather than treating any single figure as a buy or sell.
More securities from Themes.
Tickers
Holdings as-of date unavailable.
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