{
 "ticker": "EUAD",
 "name": "Select STOXX Europe Aerospace & Defense ETF",
 "issuer": "Tuttle",
 "desk": "themes",
 "url": "https://etfiq.com/funds/euad",
 "html": "https://etfiq.com/funds/euad",
 "markdown": "https://etfiq.com/funds/euad.md",
 "as_of": "2026-09-11",
 "verdict": "EUAD holds 18 stocks, and 100% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "0.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EUAD, already in the S&P 500: 0.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EUAD, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "86.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EUAD, top ten holdings: 86.6%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u22123.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EUAD, total return, 1 year: \u22123.6%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.2bn",
   "source": "SEC filing, whole fund, as filed for May 31, 2026",
   "as_of": "2026-09-11",
   "sentence": "EUAD, net assets: $1.2bn (SEC filing, whole fund, as filed for May 31, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Dec 29, 2025",
   "as_of": "2026-09-11",
   "sentence": "EUAD, expense ratio: 0.50% (485BPOS XBRL, Dec 29, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 22, 2024",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "86.6%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "18",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 31, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Airbus SE 14.9%, MTU Aero Engines AG 11.0%, BAE Systems PLC 9.0%, Rolls-Royce Holdings 8.4%, Leonardo SpA 8.3%, Safran SA 7.6%, Rheinmetall AG 7.5%, Saab AB 7.0%, Thales SA 6.9%, CLEARST. RYCEY SWAP 6.0%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.2bn",
   "source": "SEC filing, whole fund, as filed for May 31, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221211.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.50%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "XDEF 62%, WDEF 56%, ARMY 39%, NATO 27%, WDGF 21%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+4.3%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+0.9 pts",
   "Gap to Nasdaq-100": "+5.0 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22120.3%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221216.4 pts",
   "Gap to Nasdaq-100": "\u221221.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "\u22123.6%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u221221.1 pts",
   "Gap to Nasdaq-100": "\u221226.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+71.2%",
   "S&P 500": "+33.7%",
   "Gap to S&P 500": "+37.5 pts",
   "Gap to Nasdaq-100": "+25.7 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of EUAD is in S&P 500 companies?",
   "a": "By its holdings filed for May 31, 2026, 0% of EUAD by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does EUAD hold?",
   "a": "18 positions as filed for May 31, 2026, with the top ten at 87% of the fund. The largest are Airbus SE at 14.9%, MTU Aero Engines AG at 11.0%, BAE Systems PLC at 9.0%."
  },
  {
   "q": "Has EUAD beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 EUAD returned \u22123.6% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 21.1 points."
  },
  {
   "q": "What does EUAD cost?",
   "a": "The prospectus expense ratio is 0.50% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.50%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}