SHLDGlobal X Defense Tech ETF

Grow my money2y track recordRanked #534 of 2,960 in this goal

Seeks to provide investment results that correspond generally to the price and yield performance of the Global X Defense Tech Index.

By Global X Funds · Launched 2023

Annual Cost

0.50%

#2,576 of 5,562 · average

Fund Size

$8.0B

#320 of 5,562 · large

Return (1Y)Goal

+6.6%

Track Record

2 years

#3,143 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,731+7.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Global

Strategy

Index tracking

Sector

Industrials

Focus

Cybersecurity

Index tracked

Global X Defense Tech Index

What it actually holds

By weight

Concentration

Top 10 holdings = 61.8% of fundconcentrated

PALANTIR TECHNOLOGIES INC.

8.2%

RTX CORPORATION

8.2%

GENERAL DYNAMICS CORPORATION

8.2%

LOCKHEED MARTIN CORPORATION

7.9%

Rheinmetall Aktiengesellschaft

7.1%

Northrop Grumman Corporation

4.6%

L3HARRIS TECHNOLOGIES, INC.

4.5%

LEIDOS HOLDINGS, INC.

4.5%

THALES SA

4.3%

BAE SYSTEMS PLC

4.2%

Asset allocation

Stocks

99.9%

Cash

0.1%

By sector

Industrials

87.8%

Technology

12.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

24.6%High

Year-on-year price swings

Max drawdown

-20.1%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide investment results that correspond generally to the price and yield performance of the Global X Defense Tech Index.
Strategy: Invests primarily in securities of the Global X Defense Tech Index, which includes common stocks, ADRs, and GDRs. The Index targets companies deriving at least 50% of revenues from defense tech activities, including cybersecurity, advanced military systems, and hardware. The Fund uses a replication strategy to match the Index's performance, with a correlation expectation exceeding 95%.
Inception date: September 11, 2023
Fund family: Global X Funds