Overview
Pure-play cybersecurity — 31 companies that earn their revenue defending networks, with the identity and cloud-security specialists weighted ahead of the legacy giants.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| OKTA | Okta | 9.3% |
| CRWD | CrowdStrike | 7.3% |
| FTNT | Fortinet | 7.0% |
| PANW | Palo Alto Networks | 6.7% |
| ZS | Zscaler | 6.2% |
| QLYS | Qualys | 6.1% |
| RBRK | Rubrik | 5.8% |
| NTSK | Netskope | 5.7% |
| TENB | Tenable | 5.1% |
| VRNS | Varonis Systems | 4.7% |
Fund Details
Investment Thesis
The purer cyber fund: where HACK includes Cisco and defence primes, BUG holds only companies whose whole business is security — which is why it returned +45% as the specialist names re-rated hardest. AI raises attack volume and defence budgets simultaneously, breaches are legally disclosable events, and every incident is marketing for this book. Recurring-revenue economics across all 31 names make it defensive growth in the most literal sense.
Who It's For
Growth investors who want cybersecurity at maximum purity — the specialists, not the conglomerates with security divisions. Compulsory demand, concentrated.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | $16.64 | -- |
| 2020 | $28.24 | +69.8% |
| 2021 | $31.77 | +12.5% |
| 2022 | $20.75 | -34.7% |
| 2023 | $29.31 | +41.3% |
| 2024 | $32.09 | +9.5% |
| 2025 | $30.46 | -5.1% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | 0.63% |
| 2020 | 0.63% |
| 2021 | 0.66% |
| 2022 | 1.62% |
| 2023 | 0.10% |
| 2024 | 0.10% |
| 2025 | 0.04% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | $1.1B | -- |
| 2020 | $1.9B | +72.7% |
| 2021 | $2.2B | +15.8% |
| 2022 | $1.4B | -36.4% |
| 2023 | $2B | +42.9% |
| 2024 | $2.2B | +10.0% |
| 2025 | $2.1B | -4.5% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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