Global X Funds Global X Defense Tech ETF

No trades
See on Supercharts

Key stats

Assets under management (AUM)
‪19.11 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
0.42%
Discount/Premium to NAV
1.0%

About Global X Funds Global X Defense Tech ETF

Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
0.50%
Inception date
Sep 11, 2023
Index tracked
Global X Defense Tech Index - Benchmark TR Net
Management style
Passive
ISIN
US37960A5294
SHLD seeks defense technology companies worldwide that provide the products and services necessary for governmental organization's threat preparedness and response. The investment thesis is based on governments becoming increasingly reliant on advanced military systems requiring specialized hardware, sensors, and other networking solutions. The selection process begins by focusing on pure-play companies whose revenue comes from FactSet-identified defense tech sub-themes. This includes cybersecurity, artificial intelligence, big data, augmented reality, advanced military systems, as well as hardware like robotics, fuel systems, and aircraft. Companies tied to non-military firearms and commercial aircraft manufacturing are not considered. The top 50 securities are then selected and weighted by market-cap. Individual security weights are capped at 8%, and the combined weight of securities with weights greater than or equal to 5% must not exceed 40%. Index reconstitution and rebalancing is done on a semi-annual basis.

Classification

Asset Class
Equity
Category
Sector
Focus
Industrials
Niche
Aerospace & defense
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Stock breakdown by region
61%31%2%4%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy