{
 "ticker": "IDEF",
 "name": "iShares Defense Industrials Active ETF",
 "issuer": "iShares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/idef",
 "html": "https://etfiq.com/funds/idef",
 "markdown": "https://etfiq.com/funds/idef.md",
 "as_of": "2026-09-11",
 "verdict": "IDEF holds 152 stocks, and 64% 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": "36.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IDEF, already in the S&P 500: 36.1%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "95.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IDEF, active share vs the S&P 500: 95.9%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "35.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IDEF, top ten holdings: 35.2%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+4.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IDEF, total return, 1 year: +4.9%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4.3bn",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "IDEF, net assets: $4.3bn (the issuer own daily fund list, as of Sep 11, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 21, 2025",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "36.1%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "95.9%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "8.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "96.1%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "35.2%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "152",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "RTX 6.7%, PALANTIR TECHNOLOGIES CLASS A 4.7%, LOCKHEED MARTIN CORP 3.6%, BOEING 3.3%, ROLLS-ROYCE HOLDINGS PLC 3.3%, GENERAL DYNAMICS CORP 3.0%, USD CASH 2.7%, AIRBUS GROUP 2.6%, THALES SA 2.6%, NORTHROP GRUMMAN CORP 2.6%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4.3bn",
   "source": "the issuer own daily fund list, as of Sep 11, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221213.9%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WDGF 53%, NATO 44%, PPA 41%, SHLD 39%, MISL 38%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22121.9%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22125.2 pts",
   "Gap to Nasdaq-100": "\u22121.1 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22128.5%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221224.5 pts",
   "Gap to Nasdaq-100": "\u221229.2 pts"
  },
  {
   "window": "1 year",
   "Total return": "+4.9%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u221212.6 pts",
   "Gap to Nasdaq-100": "\u221218.1 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+26.5%",
   "S&P 500": "+33.0%",
   "Gap to S&P 500": "\u22126.4 pts",
   "Gap to Nasdaq-100": "\u221213.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of IDEF is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 36% of IDEF by weight is stocks the S&P 500 already holds. Its active share against the index is 96%, so that share is the part doing something different."
  },
  {
   "q": "What does IDEF hold?",
   "a": "152 positions as published by its issuer for Sep 10, 2026, with the top ten at 35% of the fund. The largest are RTX at 6.7%, PALANTIR TECHNOLOGIES CLASS A at 4.7%, LOCKHEED MARTIN CORP at 3.6%."
  },
  {
   "q": "Has IDEF beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 IDEF returned +4.9% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 12.6 points."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}