{
 "ticker": "GCAD",
 "name": "Gabelli Commercial Aerospace and Defense ETF",
 "issuer": "Gabelli",
 "desk": "themes",
 "url": "https://etfiq.com/funds/gcad",
 "html": "https://etfiq.com/funds/gcad",
 "markdown": "https://etfiq.com/funds/gcad.md",
 "as_of": "2026-09-11",
 "verdict": "GCAD holds 54 stocks, and 60% 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": "40.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GCAD, already in the S&P 500: 40.2%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GCAD, active share vs the S&P 500: 97.2%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "47.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GCAD, top ten holdings: 47.5%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+17.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GCAD, total return, 1 year: +17.1%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$44m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "GCAD, net assets: $44m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.90%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "GCAD, expense ratio: 0.90% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 4, 2023",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "40.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.2%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "2.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "98.9%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "47.5%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "54",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "ALBANY INTERNATIONAL CORP 6.8%, MOOG INC 6.2%, BOEING COMPANY (THE) 5.2%, DUCOMMUN INC 4.7%, HEXCEL CORP 4.6%, RTX CORP 4.1%, L3HARRIS TECHNOLOGIES INC 4.0%, LOCKHEED MARTIN CORP 4.0%, MERCURY SYSTEMS INC 3.9%, TEXTRON INC 3.9%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$44m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221212.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.90%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "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": "0.93%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "XAR 55%, PPA 48%, MISL 43%, ITA 43%, NATO 40%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22129.9%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221213.2 pts",
   "Gap to Nasdaq-100": "\u22129.1 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22122.3%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221218.3 pts",
   "Gap to Nasdaq-100": "\u221223.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "+17.1%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u22120.4 pts",
   "Gap to Nasdaq-100": "\u22125.9 pts"
  },
  {
   "window": "3 years",
   "Total return": "+124.8%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+46.9 pts",
   "Gap to Nasdaq-100": "+29.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+124.3%",
   "S&P 500": "+108.3%",
   "Gap to S&P 500": "+16.0 pts",
   "Gap to Nasdaq-100": "\u221250.2 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of GCAD is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 40% of GCAD by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different."
  },
  {
   "q": "What does GCAD hold?",
   "a": "54 positions as filed for Jun 30, 2026, with the top ten at 48% of the fund. The largest are ALBANY INTERNATIONAL CORP at 6.8%, MOOG INC at 6.2%, BOEING COMPANY (THE) at 5.2%."
  },
  {
   "q": "Has GCAD beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 GCAD returned +17.1% with distributions reinvested, against +17.5% for the S&P 500, so it finished about even with the index by 0.4 points."
  },
  {
   "q": "What does GCAD cost?",
   "a": "The prospectus expense ratio is 0.90% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.93%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}