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 02/11/25

Inception Date 09/11/23
Total Expense Ratio 0.50%
Net Assets $806.90 million
NAV $40.84
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 02/10/25

Ticker SHLD
Bloomberg Index Ticker GXSHLDN
CUSIP 37960A529
ISIN US37960A5294
Primary Exchange NYSE Arca
Shares Outstanding 19,760,000
Number of Holdings 37
30-Day Median Bid-Ask Spread 0.10%

Distributions As of 02/11/25

30-Day SEC Yield 0.80%
Distribution Frequency Semi-Annually

ETF Prices As of 02/11/25

NAV $40.84 Daily Change $0.09 0.22%
Market Price $40.92 Daily Change $0.22 0.54%

Performance History

As of recent
(12/31/24)
As of recent
(12/31/24)
Fund NAV Market Price Index
1 Year 35.45% 35.02% 36.12%
Since Inception 37.65% 37.73% 38.37%
1 Year 41.55% 41.49% 42.26%
Since Inception 40.63% 40.73% 41.33%
Year-to-Date 35.45% 35.02% 36.12%
1 Month -4.44% -4.51% -4.40%
3 Months 0.88% 0.85% 1.04%
Since Inception 51.83% 51.95% 52.87%
Year-to-Date 5.86% 5.88% 5.88%
1 Month 5.86% 5.88% 5.88%
3 Months 6.71% 6.53% 6.84%
Since Inception 60.72% 60.88% 61.85%

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 02/11/25

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.14 PLTR PALANTIR TECHN-A BN78DQ4 112.62 941,223 106,000,534.26
8.36 RTX RTX CORPORATION BM5M5Y3 129.11 522,241 67,426,535.51
7.35 NOC NORTHROP GRUMMAN CORP 2648806 473.84 125,236 59,341,826.24
6.85 GD GENERAL DYNAMICS CORP 2365161 256.99 215,014 55,256,447.86
6.45 LMT LOCKHEED MARTIN CORP 2522096 449.36 115,843 52,055,210.48
5.38 RHM GR RHEINMETALL AG 5334588 756.34 57,397 43,411,889.93
4.52 HO FP THALES SA 4162791 166.75 218,567 36,445,915.03
4.29 LDO IM LEONARDO SPA B0DJNG0 30.97 1,116,367 34,575,491.35
3.97 BA/ LN BAE SYSTEMS PLC 0263494 14.95 2,142,490 32,028,638.69
3.74 012450 KS HANWHA AEROSPACE CO LTD 6772671 342.88 87,971 30,163,562.38
3.70 LDOS LEIDOS HOLDINGS INC BDV82B8 137.60 216,832 29,836,083.20
3.64 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 206.75 141,949 29,347,955.75
3.54 BWXT BWX TECHNOLOGIES INC BZ0W624 111.89 255,041 28,536,537.49
2.81 PSN PARSONS CORP BJN4N02 76.84 294,946 22,663,650.64
2.61 ESLT IT ELBIT SYSTEMS LTD 6308913 302.85 69,486 21,043,689.68
2.41 SAABB SS SAAB AB-B BPXZH27 20.09 969,054 19,463,552.68
2.26 HII HUNTINGTON INGAL B40SSC9 167.77 108,612 18,221,835.24
1.87 MOG/A MOOG INC-CLASS A 2601218 191.74 78,661 15,082,460.14
1.72 AVAV AEROVIRONMENT INC B1P5YY8 179.35 77,361 13,874,695.35
1.64 KTOS KRATOS DEFENSE & SECURITY 2512149 32.07 411,919 13,210,242.33
1.26 AM FP DASSAULT AVIATION SA BMT9L19 225.43 45,188 10,186,949.60
1.24 BAB LN BABCOCK INTL GROUP PLC 0969703 7.58 1,321,643 10,018,160.84
1.12 OSIS OSI SYSTEMS INC 2111579 208.15 43,567 9,068,471.05
0.94 MRCY MERCURY SYSTEMS INC 2144047 46.76 161,800 7,565,768.00
0.83 047810 KS KOREA AEROSPACE B3N3363 34.32 195,986 6,726,729.62
0.79 QQ/ LN QINETIQ GROUP PLC B0WMWD0 4.60 1,377,503 6,333,307.84
0.78 HAG GR HENSOLDT AG BN0SDX8 37.43 167,410 6,266,925.19
0.78 079550 KS LIG NEX1 CO LTD BZ0RDZ1 183.83 34,061 6,261,558.11
0.43 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 2.27 1,524,439 3,457,041.48
0.39 272210 KS HANWHA SYSTEMS CO LTD BJN3H96 17.42 181,259 3,157,430.94
0.34 CHG LN CHEMRING GROUP PLC B45C9X4 3.78 716,226 2,710,082.75
0.27 BBAI BIGBEAR.AI HOLDINGS INC BM92RJ8 8.00 266,909 2,135,272.00
0.19 RCAT RED CAT HOLDINGS INC BJBLT85 9.62 156,395 1,503,737.93
0.17 NPK NATIONAL PRESTO INDS INC 2626802 96.38 14,398 1,387,679.24
0.10 DRO AU DRONESHIELD LTD BYV1JW4 0.37 2,106,969 781,732.93
0.08 CASH 1.00 623,659 623,658.64
0.06 TLS TELOS CORPORATION BLDDYL1 3.55 129,962 461,365.10
0.03 6946 JP NIPPON AVIONICS CO LTD 6639839 14.81 15,498 229,551.07
0.01 OTHER PAYABLE & RECEIVABLES 1.00 39,326 39,326.45
0.00 BRITISH STERLING POUND 1.00 0 0.02
0.00 TURKISH LIRA 0.03 -16,794 -465.87
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/25

Sector Weight (%)
Industrials 84.6
Information Technology 15.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Capital Goods 83.5
Software & Services 14.1
Commercial & Professional Services 1.1
Technology Hardware & Equipment 1.1
Technology Hardware & Equipmen 0.2

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 65.3
Germany 6.6
Britain 6.5
France 5.9
South Korea 5.1
Italy 4.5
Sweden 2.7
Israel 2.7
Turkey 0.5
Puerto Rico 0.2
Australia 0.1

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 02/10/25

Return on Equity 16.50%
Weighted Avg. Market Cap 70,771 M
2024 2025
Price-to-earnings 22.62 21.07
Price-to-book value 3.67 3.28

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/25

Versus Beta
S&P 500 0.67
NASDAQ-100 0.29
MSCI EAFE 0.65
MSCI Emg. Mkts 0.33
Standard Deviation 14.70%

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.