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DTEC

Defence Tech ETF

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Reasons to Consider DTEC

Historically Consistent Growth

Global defence spending has grown at an annualised rate of 4.3%1 over the past 40 years, underscoring the essential and growing role of defence in economies worldwide.

Rising National Security Focus

Increasing global tensions are driving nations to boost defence spending, reflecting heightened national security concerns and a competitive push to maintain strategic advantage.

Focus on Tech-Driven Defence

DTEC includes companies with a revenue filter ensuring exposure to AI, drones, and cybersecurity, capturing the future of innovation in defence.

1 Stockholm International Peace Research Institute, US Department of State.

Product Information As of 26 Mar 2025

Inception Date 7 Oct 2024
Management Costs (% p.a.) 0.50
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 26 Mar 2025

NAV/Unit (A$) 13.44400000
Currency (NAV) AUD
Shares Outstanding 1,350,000
AUM (A$) 18,149,396.53
NAV History File View

Product Summary

The Global X Defence Tech ETF (DTEC) provides investors with access to companies at the forefront of defence innovation. As global security concerns shift towards more technology-driven solutions, DTEC captures the sectors driving the future of defence. This includes AI, drones, and cybersecurity – all crucial components in today’s modern defence landscape.

Product Objective

The Global X Defence Tech ETF (DTEC) seeks to provide investors with a return that (before fees and expenses) tracks the performance of the Global X Defense Tech Index.

Trading Details

Ticker DTEC
Bloomberg Code DTEC AU Equity
ISIN AU0000352320
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited
Trustee Global X Management (AUS) Limited

Benchmark Information

Benchmark Global X Defense Tech Index
Provider Mirae Asset Global Index Pty Ltd
Ticker GXSHLDN

Distributions As of 28 Feb 2025

12-Month Yield 0.00%
12-Month Franking Level 0.00%
Distribution Frequency Semi-Annually
Distribution History View

Performance Table As of 26 Mar 2025

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 13.58% 13.64% -0.06% 0.10%
3 Months 23.79% 24.08% -0.29% 4.17%
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 34.44% 34.95% -0.51% 4.19%

Top Holdings As of 27 Mar 2025

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
9.24 PALANTIR TECHN-A BN78DQ4 92.28 11,456 1,676,725
8.91 RHEINMETALL AG 5334588 1,353.50 698 1,616,603
7.46 RTX CORP BM5M5Y3 134.33 6,356 1,354,127
6.75 NORTHROP GRUMMAN 2648806 507.14 1,522 1,224,444
6.30 THALES SA 4162791 251.00 2,663 1,143,089
6.17 GENERAL DYNAMICS 2365161 269.58 2,619 1,119,644
5.88 LEONARDO SPA B0DJNG0 45.94 13,591 1,067,680
5.50 LOCKHEED MARTIN 2522096 445.17 1,413 997,323
4.63 BAE SYSTEMS PLC 0263494 15.76 26,080 839,814
4.26 HANWHA AEROSPACE 6772671 667,000.00 1,074 774,907
4.09 SAAB AB-B BPXZH27 398.05 11,801 742,587
3.20 L3HARRIS TECHNOL BK9DTN5 211.93 1,729 581,182
3.15 LEIDOS HOLDINGS BDV82B8 136.34 2,641 571,149
2.94 ELBIT SYSTEMS 6308913 1,467.50 845 532,934
2.78 BWX TECHNOLOGIES BZ0W624 102.34 3,104 503,888
2.35 HUNTINGTON INGAL B40SSC9 203.27 1,322 426,338
1.92 PARSONS CORP BJN4N02 61.19 3,589 348,309
1.64 DASSAULT AVIATIO BMT9L19 315.40 551 297,138
1.49 MOOG INC-CLASS A 2601218 178.19 959 270,964
1.38 KRATOS DEFENSE & 2512149 31.42 5,018 250,017
1.35 BABCOCK INTL GRP 0969703 7.46 16,108 245,608
1.33 HENSOLDT AG BN0SDX8 69.05 2,040 240,847
1.11 KOREA AEROSPACE B3N3363 79,000.00 2,391 204,343
1.04 AEROVIRONMENT IN B1P5YY8 126.00 941 188,020
0.93 OSI SYSTEMS INC 2111579 200.30 530 168,398
0.77 MERCURY SYSTEMS 2144047 44.72 1,970 139,757
0.76 QINETIQ GROUP PL B0WMWD0 4.03 16,793 138,319
0.62 LIG NEX1 CO LTD BZ0RDZ1 254,000.00 413 113,546
0.50 ASELSAN B03MP41 116.00 18,622 90,137
0.44 HANWHA SYSTEMS C BJN3H96 34,250.00 2,214 82,050
0.38 CHEMRING GROUP B45C9X4 3.86 8,747 69,005
0.14 NATL PRESTO INDS 2626802 89.42 174 24,611
0.13 DRONESHIELD LTD BYV1JW4 0.99 25,909 25,521
0.10 RED CAT HOLDINGS BJBLT85 5.82 1,915 17,663
0.09 BIGBEAR.AI HOLDI BM92RJ8 3.19 3,291 16,653
0.04 TELOS CORP BLDDYL1 2.58 1,620 6,629
0.03 NIPPON AVIONICS 6639839 2,589.00 196 5,334
Holdings are subject to change.

Sector Breakdown As of 27 Mar 2025

Sector Weight (%)
Industrials 89.4
Information Technology 10.4
Other/Cash 0.2

Country Breakdown As of 27 Mar 2025

Country Weight (%)
United States 54.5
Germany 10.2
France 7.9
Britain 7.1
South Korea 6.4
Italy 5.9
Sweden 4.1
Israel 2.9
Turkey 0.5
Australia 0.1
Other/Cash 0.4

Research

Drones in Defence: Reshaping Modern Warfare and its Economics

Read More

A New Chapter In Defence - Focus on Protection, Not Aggression

Read More

Documents

FAQs

  • What companies are included in the index?

    DTEC tracks companies that derive over 50% of their revenue from defence technologies such as artificial intelligence, drones, cybersecurity, and advanced defence systems. These companies lead in technological innovation, supporting national security strategies by providing automated, intelligent solutions. The index is composed of up to 50 global companies that meet strict market capitalisation and liquidity requirements, while companies from regions like China, India, and Russia are excluded to manage geopolitical risks. This pure-play approach offers exposure to firms driving the evolution of modern defence.

  • How are companies in the index weighted?

    Companies in DTEC are weighted by market capitalisation, ensuring that larger, more established companies have a higher weighting while maintaining diversification. To manage risk, no company can exceed 6% of the index, with a minimum weighting of 0.3%. This approach helps reduce concentration risk while providing a balance between large and small firms in the index. The index is rebalanced semi-annually to reflect changes in the defence technology sector and market conditions, keeping the ETF aligned with growth opportunities.

  • Why use DTEC to gain exposure to defence technology?

    DTEC provides investors with targeted exposure to the defence technology sector, which is evolving rapidly due to advancements in artificial intelligence, drones, and cybersecurity. Defence spending is shifting towards these technologies as global security threats evolve, making this a key growth area. The ETF ensures a pure-play focus, with companies selected based on a strict revenue filter, offering exposure to firms truly at the forefront of defence innovation. By investing in DTEC, investors can access the significant potential of a sector that’s increasingly driven by automation, intelligence, and technological superiority.

  • What considerations are there for investing in defence technology?

    Investing in defence technology involves understanding both the growth opportunities and risks associated with the sector. As defence budgets shift towards advanced technologies like AI and drones, the sector presents strong long-term growth potential. However, there are geopolitical risks and ethical considerations involved, as the industry is tied to government budgets and national security priorities. DTEC mitigates some of these risks by focusing on a diversified set of companies within the defence technology space, ensuring investors are exposed to high-growth areas while maintaining balanced exposure across the sector.

  • Where can DTEC fit in a portfolio?

    DTEC can fit into a portfolio in the following ways:

    • As a satellite holding to gain exposure to the growing defence technology sector.

    • As a thematic tilt towards innovations in artificial intelligence, cybersecurity, and drones.

    • To diversify from broader technology indices and traditional sectors by investing in defence-focused technology.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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