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Morningstar

Global X Defense Tech ETF SHLD

Morningstar Medalist Rating
Medalist Rating as of | See Global X Investment Hub

Morningstar’s Analysis SHLD

Will SHLD outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHLD’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SHLD management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SHLD’s parent organization’s priorities and whether they’re in line with investors’ interests.

Despite People Pillar weakness and an Average Process Pillar, Global X Defense Tech ETF gets enough right to retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SHLD

More SHLD Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 62.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

RTX Corp

8.53 5.6 Mil
Industrials

BAE Systems PLC

8.34 5.5 Mil
Industrials

General Dynamics Corp

7.72 5.1 Mil
Industrials

Lockheed Martin Corp

6.75 4.4 Mil
Industrials

Rheinmetall AG

6.74 4.4 Mil
Industrials

Northrop Grumman Corp

6.57 4.3 Mil
Industrials

Leidos Holdings Inc

5.03 3.3 Mil
Technology

L3Harris Technologies Inc

4.32 2.8 Mil
Industrials

Thales

4.28 2.8 Mil
Industrials

Leonardo SpA Az nom Post raggruppamento

3.98 2.6 Mil
Industrials