NewTimeSpace News:As of 13:08 on March 2, 2026, the CSI National Defense Index (399973) surged 1.49%. Its constituent stocks posted robust gains: UAV rose 15.28%, Aerospace South Lake climbed 12.05%, and Aerospace Rainbow advanced 9.28%, while China RS Information Technology, North Navigation and other stocks followed the upward trend. ThePenghua CSI Defense ETF (512670) rose 1.14%, challenging for a seven consecutive winning streak, with the latest price at RMB 1.07. Over a longer horizon, as of February 27, 2026, the ETF had a cumulative increase of 4.77% in the past week. (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 7.54% with a trading volume of RMB 232 million. As of February 27, its average daily trading volume in the past year stood at RMB 276 million.

In terms of scale, the latest size of thePenghua CSI Defense ETF reached RMB 3.025 billion. (Data source: Wind)

In terms of capital flows, thePenghua CSI Defense ETF recorded a net capital outflow of RMB 57.8063 million recently. Looking at a longer timeframe, it has attracted a total of RMB 168 million in capital over the past four trading days. (Data source: Wind)

Data showed that leveraged funds have been continuously building positions in the ETF. ThePenghua CSI Defense ETF has seen net margin purchases by leveraged funds for four consecutive days, with the maximum single-day net purchase reaching RMB 5.7082 million, and the latest margin balance standing at RMB 54.5005 million. (Data source: Wind)

As of February 27, the net asset value of thePenghua CSI Defense ETF has risen 73.89% in the past two years. In terms of profitability, as of February 27, 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 a gain-to-loss month ratio of 40:39, with an average return of 8.06% in months with gains. As of February 27, 2026, the ETF has delivered an annualized excess return of 1.60% over the benchmark since its establishment.

As of February 27, 2026, the Sharpe ratio of thePenghua CSI Defense ETF in the past year was 1.67.

In terms of drawdown, as of February 27, 2026, thePenghua CSI Defense ETF's relative benchmark drawdown year-to-date stood at 0.21%.

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 27, 2026, the ETF's tracking error in the past month was 0.029%.

ThePenghua CSI Defense ETF closely tracks the CSI National Defense Index. The index selects securities of listed companies under the ten major military industrial groups, as well as securities of relevant listed companies that provide weapons and equipment for the national armed forces, or have actual equipment contract manufacturing sales volume 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 February 27, 2026, the top 10 weight stocks of the CSI National Defense Index (399973) were Aero Engine Corporation of China, Aerospace Electronics, Feilida Huachuang, AVIC Shenyang Aircraft, AVIC Optoelectronics, Raytron Technology, AVIC Xi'an Aircraft, Western Superconducting, AVIC Aircraft On-board Systems and Haige Communications. The combined weight of the top 10 stocks accounted for 43.14% 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 escalating tension in the Middle East is expected to drive up the overall military expenditure and military trade imports in the region. 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 expected to increase.

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