SHLD


Defense Tech ETF

Reasons to Consider SHLD

Long-Term Growth Catalysts

Since 2020, global defense spending has grown at a 4.2% annualized rate – up roughly 4x from pre-pandemic levels.1 We believe elevated defense spending is likely to continue, as a result of an increasingly multipolar world.

Reimagining the Defense Industry

Governments are increasingly reliant on advanced military systems that require specialized hardware, creating demand for sensors, artificial intelligence chips, and other processing/networking solutions.

Differentiated Exposure

Defense Tech spans a range of sectors and themes, including industrials, cybersecurity, AI, and augmented reality. However, unlike the civilian marketplace, defense revenues are substantially tied to military needs, which are not necessarily correlated to general economic cycles.

1Stockholm International Peace Research Institute, Apr 2023

Key Information As of 06/13/24

Inception Date 09/11/23
Total Expense Ratio 0.50%
Net Assets $247.53 million
NAV $33.18
Fact Sheet View the document

ETF Summary

The Global X Defense Tech ETF (SHLD) seeks to invest in companies positioned to benefit from the increased adoption and utilization of defense technology (“Defense Tech”). This includes companies that build and manage cybersecurity systems, utilize artificial intelligence and big data, and build advanced military systems and hardware such as robotics, fuel systems, and aircrafts for defense applications.

ETF Objective

The Global X Defense Tech ETF (SHLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X Defense Tech Index.

Trading Details As of 06/13/24

Ticker SHLD
Bloomberg Index Ticker GXSHLDN
CUSIP 37960A529
ISIN US37960A5294
Primary Exchange NYSE Arca
Shares Outstanding 7,460,000
Number of Holdings 35
30-Day Median Bid-Ask Spread 0.15%

Distributions As of 06/13/24

30-Day SEC Yield 0.62%
Distribution Frequency Semi-Annually

ETF Prices As of 06/13/24

NAV $33.18 Daily Change -$0.36 -1.07%
Market Price $33.24 Daily Change -$0.35 -1.04%

Performance History

As of recent
(03/31/24)
Fund NAV Market Price Index
Year-to-Date 19.17% 19.17% 19.30%
1 Month 6.33% 6.21% 6.40%
3 Months 19.17% 19.17% 19.30%
Since Inception 33.58% 34.10% 33.98%
Year-to-Date 22.09% 22.36% 22.34%
1 Month 3.64% 4.00% 3.69%
3 Months 8.94% 9.05% 9.11%
Since Inception 36.85% 37.70% 37.39%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 06/13/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.29 BA/ LN BAE SYSTEMS PLC 0263494 17.66 1,177,932 20,797,650.40
8.18 RTX RTX CORPORATION BM5M5Y3 105.03 195,475 20,530,739.25
7.99 LMT LOCKHEED MARTIN CORP 2522096 458.56 43,693 20,035,862.08
7.94 GD GENERAL DYNAMICS CORP 2365161 292.52 68,108 19,922,952.16
7.31 NOC NORTHROP GRUMMAN CORP 2648806 423.42 43,303 18,335,356.26
4.88 PLTR PALANTIR TECHN-A BN78DQ4 23.27 526,465 12,250,840.55
4.47 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 219.20 51,146 11,211,203.20
4.47 RHM GR RHEINMETALL AG 5334588 545.04 20,566 11,209,198.82
4.41 LDOS LEIDOS HOLDINGS INC BDV82B8 143.77 76,890 11,054,475.30
4.36 HO FP THALES SA 4162791 173.53 63,061 10,942,854.33
3.93 LDO IM LEONARDO SPA B0DJNG0 24.08 409,199 9,855,543.68
3.85 HII HUNTINGTON INGAL B40SSC9 240.26 40,241 9,668,302.66
3.37 SAABB SS SAAB AB-B BPXZH27 23.82 354,605 8,445,115.28
3.31 BWXT BWX TECHNOLOGIES INC BZ0W624 89.02 93,158 8,292,925.16
3.28 PSN PARSONS CORP BJN4N02 76.39 107,706 8,227,661.34
2.45 AVAV AEROVIRONMENT INC B1P5YY8 215.51 28,490 6,139,879.90
2.22 012450 KS HANWHA AEROSPACE CO LTD 6772671 163.77 34,066 5,579,102.52
1.89 MOG/A MOOG INC-CLASS A 2601218 164.83 28,791 4,745,620.53
1.83 ESLT IT ELBIT SYSTEMS LTD 6308913 180.23 25,431 4,583,394.75
1.36 AM FP DASSAULT AVIATION SA BMT9L19 197.98 17,281 3,421,279.86
1.31 BAB LN BABCOCK INTL GROUP PLC 0969703 6.79 485,639 3,295,252.50
1.20 KTOS KRATOS DEFENSE & SECURITY 2512149 20.09 149,400 3,001,446.00
1.18 QQ/ LN QINETIQ GROUP PLC B0WMWD0 5.74 515,975 2,960,285.52
1.07 047810 KS KOREA AEROSPACE B3N3363 37.27 71,705 2,672,268.44
0.91 HAG GR HENSOLDT AG BN0SDX8 35.42 64,443 2,282,347.57
0.89 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 1.86 1,199,300 2,231,385.22
0.88 OSIS OSI SYSTEMS INC 2111579 136.84 16,090 2,201,755.60
0.65 MRCY MERCURY SYSTEMS INC 2144047 28.82 56,770 1,636,111.40
0.61 079550 KS LIG NEX1 CO LTD BZ0RDZ1 125.92 12,164 1,531,733.45
0.53 CHG LN CHEMRING GROUP PLC B45C9X4 4.86 271,293 1,319,579.13
0.35 272210 KS HANWHA SYSTEMS CO LTD BJN3H96 13.39 66,147 885,426.60
0.20 DRO AU DRONESHIELD LTD BYV1JW4 0.96 529,185 509,500.70
0.16 NPK NATIONAL PRESTO INDS INC 2626802 75.59 5,410 408,941.90
0.14 CASH 1.00 352,841 352,841.38
0.05 BBAI BIGBEAR.AI HOLDINGS INC BM92RJ8 1.37 93,602 128,234.74
0.05 LLAP TERRAN ORBITAL CORP BMXLVM2 0.79 147,134 116,235.86
0.03 OTHER PAYABLE & RECEIVABLES 1.00 70,578 70,578.08
0.00 KOREAN WON 0.00 0 0.00
0.00 ISRAELI SHEKEL 0.27 -9,295 -2,500.27
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Industrials 94.4
Information Technology 5.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Aerospace & Defense 87.5
Packaged Software 6.2
Information Technology Services 6.1
Electronics/Appliances 0.2

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 63.0
Britain 11.2
France 5.9
Germany 5.6
Italy 4.1
South Korea 3.9
Sweden 3.3
Israel 2.0
Turkey 0.9
Australia 0.2

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 06/13/24

Return on Equity 15.90%
Weighted Avg. Market Cap 48,533 M
2023 2024
Price-to-earnings 21.50 18.99
Price-to-book value 3.19 2.86

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. Concentrated investments in a particular sector tend to be more volatile than the overall market. International investments may involve the risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. SHLD is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Global X Defense Tech Index is owned and was developed by Global X Management Company LLC for use by Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments.