| NAV | $36.23 | Daily Change | -$0.09 | -0.25% |
| Market Price | $36.34 | Daily Change | -$0.08 | -0.22% |
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.
Governments are increasingly reliant on advanced military systems that require specialized hardware, creating demand for sensors, artificial intelligence chips, and other processing/networking solutions.
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
| Inception Date | 09/11/23 |
| Total Expense Ratio | 0.50% |
| Net Assets | $519.88 million |
| NAV | $36.23 |
| Fact Sheet | View the document |
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.
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.
| Ticker | SHLD |
| Bloomberg Index Ticker | GXSHLDN |
| CUSIP | 37960A529 |
| ISIN | US37960A5294 |
| Primary Exchange | NYSE Arca |
| Shares Outstanding | 14,350,000 |
| Number of Holdings | 35 |
| 30-Day Median Bid-Ask Spread | 0.11% |
| 30-Day SEC Yield | 0.86% |
| Distribution Frequency | Semi-Annually |
| NAV | $36.23 | Daily Change | -$0.09 | -0.25% |
| Market Price | $36.34 | Daily Change | -$0.08 | -0.22% |
|
As of recent (06/30/24)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| Year-to-Date | 19.32% | 19.13% | 19.59% |
| 1 Month | -2.27% | -2.64% | -2.24% |
| 3 Months | 0.12% | -0.03% | 0.24% |
| Since Inception | 33.75% | 34.07% | 34.31% |
| Year-to-Date | 34.73% | 34.45% | 35.16% |
| 1 Month | 5.63% | 5.44% | 5.68% |
| 3 Months | 10.36% | 9.88% | 10.48% |
| Since Inception | 51.03% | 51.31% | 51.79% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 9.12 | LMT | LOCKHEED MARTIN CORP | 2522096 | 572.19 | 82,854 | 47,408,230.26 |
| 8.57 | RTX | RTX CORPORATION | BM5M5Y3 | 120.30 | 370,280 | 44,544,684.00 |
| 8.20 | NOC | NORTHROP GRUMMAN CORP | 2648806 | 519.97 | 82,006 | 42,640,659.82 |
| 7.51 | GD | GENERAL DYNAMICS CORP | 2365161 | 302.40 | 129,035 | 39,020,184.00 |
| 7.29 | BA/ LN | BAE SYSTEMS PLC | 0263494 | 16.99 | 2,231,505 | 37,902,605.95 |
| 6.67 | PLTR | PALANTIR TECHN-A | BN78DQ4 | 34.76 | 997,026 | 34,656,623.76 |
| 4.33 | LDOS | LEIDOS HOLDINGS INC | BDV82B8 | 154.06 | 146,148 | 22,515,560.88 |
| 4.26 | LHX | L3HARRIS TECHNOLOGIES INC | BK9DTN5 | 227.89 | 97,137 | 22,136,550.93 |
| 4.21 | RHM GR | RHEINMETALL AG | 5334588 | 563.02 | 38,905 | 21,904,182.41 |
| 3.83 | HII | HUNTINGTON INGAL | B40SSC9 | 260.87 | 76,228 | 19,885,598.36 |
| 3.76 | PSN | PARSONS CORP | BJN4N02 | 95.31 | 204,803 | 19,519,773.93 |
| 3.70 | HO FP | THALES SA | 4162791 | 161.03 | 119,418 | 19,229,559.72 |
| 3.34 | LDO IM | LEONARDO SPA | B0DJNG0 | 22.38 | 775,884 | 17,362,307.64 |
| 3.26 | BWXT | BWX TECHNOLOGIES INC | BZ0W624 | 95.76 | 176,811 | 16,931,421.36 |
| 2.81 | SAABB SS | SAAB AB-B | BPXZH27 | 21.65 | 673,735 | 14,585,911.92 |
| 2.33 | 012450 KS | HANWHA AEROSPACE CO LTD | 6772671 | 215.85 | 56,104 | 12,109,828.44 |
| 1.94 | MOG/A | MOOG INC-CLASS A | 2601218 | 184.88 | 54,656 | 10,104,801.28 |
| 1.89 | AVAV | AEROVIRONMENT INC | B1P5YY8 | 180.71 | 54,292 | 9,811,107.32 |
| 1.84 | ESLT IT | ELBIT SYSTEMS LTD | 6308913 | 196.83 | 48,517 | 9,549,447.42 |
| 1.32 | AM FP | DASSAULT AVIATION SA | BMT9L19 | 209.23 | 32,898 | 6,883,276.08 |
| 1.16 | KTOS | KRATOS DEFENSE & SECURITY | 2512149 | 21.22 | 283,842 | 6,023,127.24 |
| 1.12 | QQ/ LN | QINETIQ GROUP PLC | B0WMWD0 | 5.93 | 981,115 | 5,817,829.04 |
| 1.12 | BAB LN | BABCOCK INTL GROUP PLC | 0969703 | 6.28 | 923,594 | 5,799,894.43 |
| 1.00 | 047810 KS | KOREA AEROSPACE | B3N3363 | 38.18 | 136,210 | 5,200,828.40 |
| 0.81 | OSIS | OSI SYSTEMS INC | 2111579 | 138.00 | 30,523 | 4,212,174.00 |
| 0.79 | HAG GR | HENSOLDT AG | BN0SDX8 | 33.38 | 122,837 | 4,100,837.47 |
| 0.75 | MRCY | MERCURY SYSTEMS INC | 2144047 | 35.97 | 108,374 | 3,898,212.78 |
| 0.73 | ASELS TI | ASELSAN ELEKTRONIK SANAYI | B03MP41 | 1.66 | 2,282,305 | 3,784,956.00 |
| 0.61 | 079550 KS | LIG NEX1 CO LTD | BZ0RDZ1 | 137.84 | 23,139 | 3,189,567.04 |
| 0.50 | CHG LN | CHEMRING GROUP PLC | B45C9X4 | 5.07 | 517,091 | 2,619,344.46 |
| 0.45 | CASH | 1.00 | 2,339,330 | 2,339,329.89 | ||
| 0.32 | 272210 KS | HANWHA SYSTEMS CO LTD | BJN3H96 | 13.26 | 126,578 | 1,678,850.78 |
| 0.16 | DRO AU | DRONESHIELD LTD | BYV1JW4 | 0.82 | 1,020,102 | 840,985.63 |
| 0.15 | NPK | NATIONAL PRESTO INDS INC | 2626802 | 74.26 | 10,163 | 754,704.38 |
| 0.12 | OTHER PAYABLE & RECEIVABLES | 1.00 | 596,321 | 596,320.83 | ||
| 0.05 | BBAI | BIGBEAR.AI HOLDINGS INC | BM92RJ8 | 1.49 | 185,267 | 276,047.83 |
| 0.01 | LLAP | TERRAN ORBITAL CORP | BMXLVM2 | 0.25 | 286,329 | 71,181.39 |
| 0.00 | KOREAN WON | 0.00 | 0 | 0.00 | ||
| 0.00 | BRITISH STERLING POUND | 1.00 | 0 | -0.01 | ||
| 0.00 | ISRAELI SHEKEL | 0.27 | -47,916 | -12,744.71 | ||
| 0.00 | EURO | 1.10 | -12,541 | -13,817.11 |
| Sector | Weight (%) | |
|---|---|---|
| Industrials | 93.0 | |
| Information Technology | 7.0 |
| Industry | Weight (%) | |
|---|---|---|
| Capital Goods | 84.7 | |
| Software & Services | 10.3 | |
| Equity Real Estate Investment Trusts (REITs) | 3.0 | |
| Commercial & Professional Services | 1.2 | |
| Technology Hardware & Equipment | 0.9 |
| Country | Weight (%) | |
|---|---|---|
| United States | 65.6 | |
| Britain | 10.4 | |
| Germany | 5.2 | |
| France | 5.1 | |
| South Korea | 4.3 | |
| Italy | 3.7 | |
| Sweden | 3.0 | |
| Israel | 1.9 | |
| Turkey | 0.7 | |
| Australia | 0.2 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
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.