FOWF was created on 2024-12-17 by Pacer. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 14.94m in AUM and 90 holdings. FOWF is passively managed to hold stocks from developed market countries associated with sectors determined to shape defense programs of the US and its allies. Stocks are selected based on a proprietary rating system and weights holdings based on defense spending data from the US Department of Defense (DOD).