NewTimeSpace News:As of 13:12 on February 26, 2026, the CSI National Defense Index (399973) surged 2.15%. Its constituent stocks posted robust gains: CISRI Gaona Advanced Materials Co., Ltd. rose 12.32%, Hongyuan Electronics Co., Ltd. climbed 10.01%, Yingliu Co., Ltd. advanced 9.98%, while Torch Electron Technology Co., Ltd., Tunan New Materials Co., Ltd. and other stocks followed the upward trend. ThePenghua CSI Defense ETF (512670) rose 2.23%, eyeing a five consecutive winning streak, with the latest price at RMB 1.06. Over a longer horizon, as of February 25, 2026, thePenghua CSI Defense ETF had a cumulative increase of 4.56% in the past two weeks. (The stocks listed above are only constituent stocks of the index and do not constitute any investment recommendation.)

In terms of liquidity, thePenghua CSI Defense ETF recorded an intraday turnover rate of 2.98% with a trading volume of RMB 91.119 million. As of February 25, its average daily trading volume in the past year stood at RMB 275 million.

In terms of scale, the latest size of thePenghua CSI Defense ETF reached RMB 3.029 billion, hitting a one-month high. (Data source: Wind)

In terms of outstanding shares, the latest shares of thePenghua CSI Defense ETF hit 2.932 billion, a one-month high. (Data source: Wind)

In terms of capital inflows, thePenghua CSI Defense ETF has seen consecutive net capital inflows over the past three days, with a maximum single-day net inflow of RMB 217 million, attracting a total of RMB 252 million in capital and an average daily net inflow of RMB 83.8571 million. (Data source: Wind)

Data showed that leveraged funds have been continuously building positions in the ETF. The latest margin purchase volume of thePenghua CSI Defense ETF reached RMB 8.2819 million, with the latest margin balance standing at RMB 49.4433 million. (Data source: Wind)

As of February 25, the net value of thePenghua CSI Defense ETF has risen 76.69% over the past two years. In terms of profitability, as of February 25, 2026, since its inception, the ETF has achieved a maximum monthly return of 29.21%, a longest consecutive monthly gain streak of 5 months with a cumulative increase of 58.33% during the streak, and an average return of 8.09% in months with gains. As of February 25, 2026, the ETF has delivered an annualized excess return of 1.60% over the benchmark since its establishment.

In terms of drawdown, as of February 25, 2026, thePenghua CSI Defense ETF's relative benchmark drawdown year-to-date was 0.26%.

In terms of fees, thePenghua CSI Defense ETF has a management fee rate of 0.30% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of February 25, 2026, the ETF's tracking error in the past year was 0.035%.

ThePenghua CSI Defense ETF closely tracks the CSI National Defense Index. The index selects securities of listed companies affiliated with the top ten military industrial groups, as well as securities of relevant listed companies that provide weapons and equipment for national armed forces or have actual equipment manufacturing and sales volumes or signed contracts with the military, as its sample stocks, so as to reflect the overall performance of securities of listed companies in the national defense industry.

Data showed that as of January 30, 2026, the top 10 weight stocks of the CSI National Defense Index (399973) were Aerospace Electronics Technology Co., Ltd., Aero Engine Corporation of China Power Co., Ltd., AVIC Shenyang Aircraft Corporation Co., Ltd., AVIC Optoelectronic Technology Co., Ltd., Raytron Technology Co., Ltd., Feilipu Optoelectronic Materials Co., Ltd., AVIC Xi'an Aircraft Industry (Group) Co., Ltd., Western Superconducting Technologies Co., Ltd., AVIC Aircraft Equipment Co., Ltd. and Zhenda Technology Co., Ltd. The combined weight of the top 10 stocks accounted for 42.4% of the index. (The stocks listed above are only constituent stocks of the index and do not constitute any investment recommendation.)

DFZQ stated that the faster-than-expected progress in the bottleneck links of large aircraft and the expected increase in the share of military trade in new markets such as the Middle East are likely to be strengthened by recent geopolitical events. In addition, the shift from relying on a single source to diversified supply has become a core demand of countries in the Middle East to safeguard national defense security. China's share in the global military trade is expected to rise, and the demand for high-end equipment, defensive equipment and cost-effective conventional weapons and equipment is likely to increase.

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