Global X Funds Global X Defense Tech ETFGlobal X Funds Global X Defense Tech ETFGlobal X Funds Global X Defense Tech ETF

Global X Funds Global X Defense Tech ETF

No trades
See on Supercharts

Key stats

Assets under management (AUM)
‪351.75 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
0.37%
Discount/Premium to NAV
0.3%

About Global X Funds Global X Defense Tech ETF

Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
0.50%
Inception date
Sep 11, 2023
Index tracked
Global X Defense Tech Index - Benchmark TR Net
Management style
Passive
SHLD seeks defense technology companies worldwide that provide the products and services necessary for governmental organization's threat preparedness and response. The investment thesis is based on governments becoming increasingly reliant on advanced military systems requiring specialized hardware, sensors, and other networking solutions. The selection process begins by focusing on pure-play companies whose revenue comes from FactSet-identified defense tech sub-themes. This includes cybersecurity, artificial intelligence, big data, augmented reality, advanced military systems, as well as hardware like robotics, fuel systems, and aircraft. Companies tied to non-military firearms and commercial aircraft manufacturing are not considered. The top 50 securities are then selected and weighted by market-cap. Individual security weights are capped at 8%, and the combined weight of securities with weights greater than or equal to 5% must not exceed 40%. Index reconstitution and rebalancing is done on a semi-annual basis.

Classification

Asset Class
Equity
Category
Sector
Focus
Industrials
Niche
Aerospace & defense
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of July 11, 2024
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Stocks99.98%
Electronic Technology89.56%
Technology Services9.11%
Producer Manufacturing1.32%
Bonds, Cash & Other0.02%
Cash0.02%
Stock breakdown by region
0.3%63%30%1%4%
North America63.25%
Europe30.03%
Asia4.54%
Middle East1.87%
Oceania0.31%
Latin America0.00%
Africa0.00%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows