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 09/22/23

Inception Date 09/11/23
Total Expense Ratio 0.50%
Net Assets $2.40 million
NAV $24.04
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 09/22/23

Ticker SHLD
Bloomberg Index Ticker GXSHLDN
CUSIP 37960A529
ISIN US37960A5294
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 34
30-Day Median Bid-Ask Spread N/A

Distributions As of 09/22/23

30-Day SEC Yield N/A
Distribution Frequency Semi-Annually

ETF Prices As of 09/22/23

NAV $24.04 Daily Change -$0.25 -1.03%
Market Price $24.10 Daily Change -$0.25 -1.03%

Performance History

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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 09/22/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.52 GD GENERAL DYNAMICS CORP 2365161 218.34 938 204,802.92
8.31 BA/ LN BAE SYSTEMS PLC 0263494 12.40 16,120 199,895.99
7.88 NOC NORTHROP GRUMMAN CORP 2648806 424.90 446 189,505.40
7.48 LMT LOCKHEED MARTIN CORP 2522096 413.65 435 179,937.75
6.12 RTX RTX CORPORATION BM5M5Y3 71.58 2,055 147,096.90
5.58 PLTR PALANTIR TECHN-A BN78DQ4 14.13 9,490 134,093.70
5.37 LDOS LEIDOS HOLDINGS INC BDV82B8 91.13 1,417 129,131.21
4.43 HII HUNTINGTON INGAL B40SSC9 201.08 530 106,572.40
4.37 RHM GR RHEINMETALL AG 5334588 266.88 394 105,149.53
4.35 HO FP THALES SA 4162791 141.43 740 104,659.69
4.35 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 173.57 602 104,489.14
3.80 BWXT BWX TECHNOLOGIES INC BZ0W624 74.07 1,235 91,476.45
3.29 LDO IM LEONARDO SPA B0DJNG0 14.50 5,460 79,171.34
3.21 PSN PARSONS CORP BJN4N02 54.69 1,410 77,112.90
2.81 ESLT IT ELBIT SYSTEMS LTD 6308913 201.61 335 67,538.48
2.49 SAABB SS SAAB AB-B 5469554 51.53 1,160 59,777.18
2.37 AM FP DASSAULT AVIATION SA BMT9L19 189.93 300 56,977.81
1.71 MOG/A MOOG INC-CLASS A 2601218 108.37 380 41,180.60
1.64 AVAV AEROVIRONMENT INC B1P5YY8 112.33 350 39,315.50
1.48 012450 KS HANWHA AEROSPACE CO LTD 6772671 79.14 450 35,614.90
1.45 047810 KS KOREA AEROSPACE B3N3363 36.80 950 34,964.09
1.25 BAB LN BABCOCK INTL GROUP PLC 0969703 4.71 6,360 29,955.48
1.18 MRCY MERCURY SYSTEMS INC 2144047 37.84 750 28,380.00
1.00 QQ/ LN QINETIQ GROUP PLC B0WMWD0 3.97 6,080 24,132.37
1.00 KTOS KRATOS DEFENSE & SECURITY 2512149 14.35 1,680 24,108.00
0.99 OSIS OSI SYSTEMS INC 2111579 113.52 210 23,839.20
0.99 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 1.49 15,960 23,806.12
0.90 HAG GR HENSOLDT AG BN0SDX8 30.44 710 21,611.92
0.54 CHG LN CHEMRING GROUP PLC B45C9X4 3.50 3,680 12,864.13
0.42 079550 KS LIG NEX1 CO LTD BZ0RDZ1 63.29 160 10,125.67
0.32 272210 KS HANWHA SYSTEMS CO LTD BJN3H96 9.28 840 7,791.74
0.21 NPK NATIONAL PRESTO INDS INC 2626802 72.26 70 5,058.20
0.10 CASH 1.00 2,457 2,456.67
0.05 LLAP TERRAN ORBITAL CORP BMXLVM2 1.01 1,220 1,232.20
0.02 BBAI BIGBEAR.AI HOLDINGS INC BM92RJ8 1.42 330 468.60
0.01 OTHER PAYABLE & RECEIVABLES 1.00 171 170.56
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 09/21/23

Return on Equity 16.10%
Weighted Avg. Market Cap 34,258 M
2022 2023
Price-to-earnings 19.00 17.16
Price-to-book value 2.88 2.65

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.