FOWF vs TSSD

FOWFBPacer Solactive Whitney Future of Warfare ETF

TSSDCTruth Social American Security & Defense ETF

In short

FOWF Most defense funds are built around the old primes. FOWF tracks the Solactive Whitney Future of Warfare Index, aimed at companies behind emerging defense technology across the U.S. and allied nations.

TSSD Defense investing with a brand on the box. TSSD is Trump Media's Truth.Fi entry into the sector, tracking a MarketVector index of US national defense and cyber security companies built on an America-first rulebook.

Stated mandate

FOWF The Fund seeks capital appreciation by tracking companies that support critical emerging defense technologies in the U.S. and its allied nations.

TSSD The Fund seeks to track, before fees and expenses, the performance of the MarketVectorTM American Security & Defense Index.

Why people hold it

• FOWF Points at the next war, not the last one: the index targets companies supporting critical emerging defense technologies, not a broad aerospace-and-defense basket.
• 0.49% a year, right at the middle of the defense-theme pack. No niche premium charged for the narrower mandate.
• The mandate covers the U.S. and its allied nations, so allied suppliers abroad are in scope, not just Pentagon contractors.
• Roughly 100 holdings spread the theme across many names instead of a few giants, and the fund distributes quarterly.

• TSSD The mandate is written down: it tracks the MarketVector American Security & Defense Index, a US defense and cyber security basket reviewed on a set semi-annual schedule.marketvector.com
• Wider lens than classic aerospace-and-defense sleeves such as XAR and ITA: the index reaches into cyber security alongside the traditional hardware names.marketvector.com
• Plain plumbing. A 1940 Act equity fund following a published index, not a derivatives package you need a decoder ring to read.

Worth knowing

• FOWF Launched in December 2024, so the track record is short and any read on its risk profile rests on limited history.
• Small and thinly traded next to category heavyweights like ITA and XAR, which can mean wider spreads on larger orders.
• A narrow theme tied to defense budgets and procurement cycles, so it can move very differently from a broad market fund.

• TSSD At 0.65% a year it runs above the defense cohort's 0.50% median and well above the big trackers (XAR at 0.35%, ITA at 0.37%).
• A December 2025 launch, still small and lightly traded, so spreads can run wider than the category's heavyweights. Limit orders are the usual answer.
• The branding is part of the product: it comes from Trump Media's Truth.Fi line via sponsor Yorkville America Equities, so news about the parent company travels with the fund.sec.gov

Full FOWF profile⁠

Full TSSD profile⁠