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Trending ETFs

Global X Defense Tech ETF

ETF
SHLD
Payout Change
Pending
Price as of:
$31.74 -0.01 -0.03%
primary theme
N/A
SHLD (ETF)

Global X Defense Tech ETF

Payout Change
Pending
Price as of:
$31.74 -0.01 -0.03%
primary theme
N/A
SHLD (ETF)

Global X Defense Tech ETF

Payout Change
Pending
Price as of:
$31.74 -0.01 -0.03%
primary theme
N/A

Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.74

$2.43 M

0.41%

$0.13

0.50%

Vitals

YTD Return

13.9%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$2.43 M

Holdings in Top 10

63.7%

52 WEEK LOW AND HIGH

$31.8
$23.70
$32.17

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.74

$2.43 M

0.41%

$0.13

0.50%

SHLD - Profile

Distributions

  • YTD Total Return 13.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Global X Defense Tech ETF
  • Fund Family Name
    Global X Funds
  • Inception Date
    Sep 13, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mannik Dhillon

Fund Description

The Fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Global X Defense Tech Index (the "Underlying Index"), which may include common stocks, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The Underlying Index is owned and was developed by Global X Management Company LLC (the “Index Provider”), an affiliate of the Fund and the Fund's investment adviser (the “Adviser”). The Underlying Index is administered and calculated by Mirae Asset Global Indices Pvt. Ltd. (the “Index Administrator”), an affiliate of the Index Provider. The Underlying Index is designed to provide exposure to defense technology (“Defense Tech”) companies that are positioned to benefit from technology, services, systems and hardware that cater to the defense and military sector. Specifically, the Underlying Index consists of securities issued by “Defense Tech Companies”, as determined by the Index Administrator. “Defense Tech Companies” are those companies that derive at least 50% of their revenues from one or more of the following business activities in aggregate, as determined by the Index Administrator:
Cybersecurity: Companies that develop and manage security protocols preventing intrusion and attacks to systems, networks, applications, computers, and/or infrastructure for local and/or national defense applications.
Defense Technology: Companies that develop artificial intelligence (AI), internet of things (IoT), augmented/virtual reality (AR/VR), human-machine collaboration, big data, specialized 3D light detecting and ranging (LiDAR), analytics, geospatial intelligence, and/or security scanning solutions (e.g., biometrics, credential authentication, etc.) for local and/or national defense applications, as well as companies that provide applications and services for mission support via a combination of command, control, communications, computers, cyber-defense, combat systems (“C6”), and companies involved in intelligence, surveillance, and reconnaissance (ISR).
Advanced Military Systems and Hardware: Companies that develop robotics, drones, advanced weapon systems and military/naval munitions, defense-specific power and fuel systems, sensor arrays, processors and networking equipment, space launch systems (including satellites), radar systems, and/or military aircraft//naval ships/vehicle production, for local and/or national defense applications, as well as companies that provide engineering, technical training and/or simulation for the above systems.
Local and/or national defense applications refer to the products and services that local and/or national governmental organizations require in order to prepare for and respond to threats, including but not limited to intelligence, surveillance, combat systems and cyber-defense.
In constructing the Underlying Index, the Index Administrator first identifies FactSet Industries related to Defense Tech. FactSet is a leading financial data provider that maintains a comprehensive structured taxonomy designed to offer precise classification of global companies and their individual business units. Companies within these FactSet Industries, as of the selection date, are further reviewed by the Index Administrator on the basis of revenue related to Defense Tech, as defined above.
To be a part of the eligible universe of the Underlying Index, certain minimum market capitalization and liquidity criteria, as defined by the Index Administrator, must be met. Companies must have a minimum market capitalization of $200 million and a minimum average daily turnover for the last 6 months greater than or equal to $2 million in order to be eligible for initial inclusion in the Underlying Index. As of July 25, 2023, companies listed in the following countries were eligible for inclusion in the Underlying Index: Australia, Austria, Belgium, Brazil, Canada, Chile, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, Indonesia, Ireland, Israel, Italy, Japan, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, South Africa, South Korea, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, the United Kingdom, and the United States.
The Underlying Index is weighted according to a modified capitalization weighting methodology and is reconstituted and re-weighted semi-annually. Modified capitalization weighting seeks to weight constituents primarily based on free-float market capitalization, but subject to caps on the weights of the individual securities. Free-float market capitalization measures a company’s market capitalization discounted by the percentage of its shares readily available to be traded by the general public in the open market (“free float”). At each rebalance, the maximum weight of a company is capped at 8%. Generally speaking, modified capitalization weighting will limit the amount of concentration in the largest market capitalization companies. The Underlying Index may include large-, mid- or small-capitalization companies, and components primarily include industrials companies. As of July 25, 2023, the Underlying Index had 35 constituents. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
The Underlying Index is created and sponsored by the Index Provider. Any determinations related to the constituents of the Underlying Index are made by the Index Administrator and are independent of the Fund's portfolio managers. The Index Administrator determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a
replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of July 25, 2023, the Underlying Index was concentrated in the Industrials sector and had significant exposure to the Aerospace & Defense industry. The Fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
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SHLD - Performance

Return Ranking - Trailing

Period SHLD Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -18.1% 16.4% 68.25%
1 Yr N/A -24.6% 20.4% N/A
3 Yr N/A* -3.3% 24.4% N/A
5 Yr N/A* -4.6% 14.5% N/A
10 Yr N/A* 0.1% 15.2% N/A

* Annualized

Return Ranking - Calendar

Period SHLD Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -42.9% 23.1% 100.00%
2022 N/A -100.0% 15.6% 100.00%
2021 N/A -4.7% 39.8% 100.00%
2020 N/A -29.1% 9.0% 100.00%
2019 N/A -7.2% 14.3% 100.00%

Total Return Ranking - Trailing

Period SHLD Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -35.8% 16.4% 68.25%
1 Yr N/A -24.6% 99.6% N/A
3 Yr N/A* -3.3% 24.4% N/A
5 Yr N/A* -4.6% 18.7% N/A
10 Yr N/A* 3.4% 15.2% N/A

* Annualized

Total Return Ranking - Calendar

Period SHLD Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -42.9% 23.1% 100.00%
2022 N/A -100.0% 15.6% 100.00%
2021 N/A -4.7% 39.8% 100.00%
2020 N/A -29.1% 9.0% 100.00%
2019 N/A -7.2% 14.3% 100.00%

SHLD - Holdings

Concentration Analysis

SHLD Category Low Category High SHLD % Rank
Net Assets 2.43 M 1.58 M 13.7 B 100.00%
Number of Holdings 35 24 519 60.38%
Net Assets in Top 10 3.1 M 3.83 K 5.66 B 96.23%
Weighting of Top 10 63.68% 14.2% 74.8% 11.32%

Top 10 Holdings

  1. GENERAL DYNAMICS CORP COMMON STOCK 8.58%
  2. BAE SYSTEMS PLC COMMON STOCK 7.93%
  3. NORTHROP GRUMMAN CORP COMMON STOCK 7.87%
  4. LOCKHEED MARTIN CORP COMMON STOCK 7.17%
  5. PALANTIR TECHNOLOGIES INC-A COMMON STOCK 7.04%
  6. RTX CORPORATION COMMON STOCK 6.20%
  7. LEIDOS HOLDINGS INC COMMON STOCK 5.63%
  8. HUNTINGTON INGALLS INDUSTRIE COMMON STOCK 4.65%
  9. RHEINMETALL AG COMMON STOCK 4.37%
  10. L3HARRIS TECHNOLOGIES INC COMMON STOCK 4.24%

Asset Allocation

Weighting Return Low Return High SHLD % Rank
Stocks
99.67% 96.71% 100.04% 18.87%
Cash
0.33% -0.04% 4.05% 79.25%
Other
0.00% -3.61% 0.37% 39.62%
Preferred Stocks
0.00% 0.00% 0.00% 35.85%
Convertible Bonds
0.00% 0.00% 0.00% 35.85%
Bonds
0.00% 0.00% 0.00% 35.85%

Stock Sector Breakdown

Weighting Return Low Return High SHLD % Rank
Utilities
0.00% 0.00% 12.67% 13.21%
Technology
0.00% 0.00% 43.08% 20.75%
Real Estate
0.00% 0.00% 7.67% 13.21%
Industrials
0.00% 0.00% 100.00% 58.49%
Healthcare
0.00% 0.00% 16.57% 7.55%
Financial Services
0.00% 0.00% 19.45% 49.06%
Energy
0.00% 0.00% 13.31% 52.83%
Communication Services
0.00% 0.00% 35.43% 20.75%
Consumer Defense
0.00% 0.00% 36.45% 41.51%
Consumer Cyclical
0.00% 0.00% 60.78% 64.15%
Basic Materials
0.00% 0.00% 16.73% 56.60%

Stock Geographic Breakdown

Weighting Return Low Return High SHLD % Rank
US
65.30% 13.19% 100.04% 32.08%
Non US
34.37% 0.00% 85.60% 67.92%

SHLD - Expenses

Operational Fees

SHLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.08% 2.43% 45.28%
Management Fee 0.50% 0.03% 0.85% 72.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.25% N/A

Sales Fees

SHLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

SHLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 205.00% N/A

SHLD - Distributions

Dividend Yield Analysis

SHLD Category Low Category High SHLD % Rank
Dividend Yield 0.41% 0.00% 8.82% 74.07%

Dividend Distribution Analysis

SHLD Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Monthly Quarterly

Net Income Ratio Analysis

SHLD Category Low Category High SHLD % Rank
Net Income Ratio N/A -1.16% 11.51% 40.00%

Capital Gain Distribution Analysis

SHLD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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SHLD - Fund Manager Analysis

Managers

Mannik Dhillon


Start Date

Tenure

Tenure Rank

Nov 04, 2020

0.9

0.9%

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 24.18 7.68 3.5