SHLD


Defense Tech ETF

Reasons to Consider SHLD

Long-Term Growth Catalysts

Since 2020, global defense spending has grown at a 4.2% annual rate – about 4x higher than pre-pandemic levels. Spending is expected to grow at a 5% annualized rate to $3.4 trillion by 2030.1

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 sectors like industrials, cybersecurity, AI, and augmented reality. Unlike civilian markets, defense revenues are closely tied to military needs and are not necessarily linked to economic cycles.

1Stockholm International Peach Research Institute (SIPRI), 2024

Key Information As of 04/04/25

Inception Date 09/11/23
Total Expense Ratio 0.50%
Net Assets $1.22 billion
NAV $44.25
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 04/03/25

Ticker SHLD
Bloomberg Index Ticker GXSHLDN
CUSIP 37960A529
ISIN US37960A5294
Primary Exchange NYSE Arca
Shares Outstanding 27,630,000
Number of Holdings 37
30-Day Median Bid-Ask Spread 0.11%

Distributions As of 04/04/25

30-Day SEC Yield 0.61%
Distribution Frequency Semi-Annually

ETF Prices As of 04/04/25

NAV $44.25 Daily Change -$3.26 -6.86%
Market Price $43.64 Daily Change -$3.66 -7.74%

Performance History

As of recent month & quarter-end (03/31/25)
As of recent month & quarter-end (03/31/25)
Fund NAV Market Price Index
1 Year 40.93% 40.99% 41.66%
Since Inception 50.27% 50.69% 51.06%
1 Year 40.93% 40.99% 41.66%
Since Inception 50.27% 50.69% 51.06%
Year-to-Date 24.00% 24.43% 24.16%
1 Month 10.46% 10.18% 10.54%
3 Months 24.00% 24.43% 24.16%
Since Inception 88.26% 89.07% 89.80%
Year-to-Date 24.00% 24.43% 24.16%
1 Month 10.46% 10.18% 10.54%
3 Months 24.00% 24.43% 24.16%
Since Inception 88.26% 89.07% 89.80%

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 04/04/25

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.20 RHM GR RHEINMETALL AG 5334588 1,402.14 81,351 114,065,179.55
7.97 PLTR PALANTIR TECHN-A BN78DQ4 74.01 1,334,399 98,758,869.99
7.01 RTX RTX CORPORATION BM5M5Y3 117.45 740,305 86,948,822.25
6.94 NOC NORTHROP GRUMMAN CORP 2648806 485.52 177,274 86,070,072.48
6.54 HO FP THALES SA 4162791 261.42 310,253 81,105,433.50
6.15 GD GENERAL DYNAMICS CORP 2365161 250.01 305,048 76,265,050.48
5.74 LMT LOCKHEED MARTIN CORP 2522096 432.15 164,577 71,121,950.55
5.67 LDO IM LEONARDO SPA B0DJNG0 44.37 1,583,057 70,242,892.25
4.94 012450 KS HANWHA AEROSPACE CO LTD 6772671 489.54 125,141 61,261,493.72
4.81 BA/ LN BAE SYSTEMS PLC 0263494 19.64 3,037,874 59,650,554.39
4.18 SAABB SS SAAB AB-B BPXZH27 37.71 1,374,620 51,834,817.02
3.30 LDOS LEIDOS HOLDINGS INC BDV82B8 133.14 307,692 40,966,112.88
3.28 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 202.06 201,421 40,699,127.26
3.08 ESLT IT ELBIT SYSTEMS LTD 6308913 388.54 98,396 38,230,988.30
2.60 BWXT BWX TECHNOLOGIES INC BZ0W624 89.24 361,595 32,268,737.80
2.30 HII HUNTINGTON INGAL B40SSC9 184.95 154,042 28,490,067.90
1.99 PSN PARSONS CORP BJN4N02 58.88 418,020 24,613,017.60
1.59 AM FP DASSAULT AVIATION SA BMT9L19 307.46 64,186 19,734,564.19
1.38 MOG/A MOOG INC-CLASS A 2601218 153.39 111,701 17,133,816.39
1.34 BAB LN BABCOCK INTL GROUP PLC 0969703 8.87 1,876,715 16,646,456.95
1.31 KTOS KRATOS DEFENSE & SECURITY 2512149 27.82 584,553 16,262,264.46
1.22 HAG GR HENSOLDT AG BN0SDX8 63.46 237,620 15,079,067.95
1.21 047810 KS KOREA AEROSPACE B3N3363 53.97 278,586 15,036,650.21
0.99 AVAV AEROVIRONMENT INC B1P5YY8 111.65 109,575 12,234,048.75
0.87 OSIS OSI SYSTEMS INC 2111579 174.46 61,739 10,770,985.94
0.81 MRCY MERCURY SYSTEMS INC 2144047 43.62 229,532 10,012,185.84
0.77 QQ/ LN QINETIQ GROUP PLC B0WMWD0 4.88 1,956,529 9,554,417.46
0.70 079550 KS LIG NEX1 CO LTD BZ0RDZ1 179.57 48,103 8,637,742.33
0.54 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 3.09 2,170,371 6,703,010.95
0.48 272210 KS HANWHA SYSTEMS CO LTD BJN3H96 23.26 258,077 6,001,999.97
0.40 CHG LN CHEMRING GROUP PLC B45C9X4 4.83 1,019,368 4,926,490.28
0.24 CASH 1.00 2,923,616 2,923,616.23
0.13 NPK NATIONAL PRESTO INDS INC 2626802 82.42 20,180 1,663,235.60
0.13 DRO AU DRONESHIELD LTD BYV1JW4 0.53 3,023,003 1,611,711.49
0.11 RCAT RED CAT HOLDINGS INC BJBLT85 6.17 223,301 1,377,767.17
0.09 BBAI BIGBEAR.AI HOLDINGS INC BM92RJ8 2.85 384,201 1,094,972.85
0.04 TLS TELOS CORPORATION BLDDYL1 2.26 189,434 428,120.84
0.03 6946 JP NIPPON AVIONICS CO LTD 6639839 15.58 22,932 357,224.24
0.00 BRITISH STERLING POUND 1.00 0 0.01
0.00 TURKISH LIRA 0.03 -16,794 -441.80
-0.08 OTHER PAYABLE & RECEIVABLES 1.00 -975,315 -975,314.95
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/25

Sector Weight (%)
Industrials 87.1
Information Technology 12.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Capital Goods 85.7
Software & Services 11.9
Commercial & Professional Services 1.4
Technology Hardware & Equipment 0.9
Technology Hardware & Equipmen 0.1

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 54.1
Germany 10.3
France 8.0
Britain 7.2
South Korea 6.6
Italy 6.0
Sweden 4.2
Israel 2.9
Turkey 0.5
Australia 0.1
Puerto Rico 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 04/03/25

Return on Equity 18.80%
Weighted Avg. Market Cap 68,409 M
2024 2025
Price-to-earnings 27.50 24.13
Price-to-book value 4.83 4.27

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus Beta
S&P 500 0.21
NASDAQ-100 -0.07
MSCI EAFE 0.64
MSCI Emg. Mkts 0.35
Standard Deviation 15.20%

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.