{
 "ticker": "KDEF",
 "name": "PLUS Korea Defense Industry Index ETF",
 "issuer": "PLUS",
 "desk": "themes",
 "url": "https://etfiq.com/funds/kdef",
 "html": "https://etfiq.com/funds/kdef",
 "markdown": "https://etfiq.com/funds/kdef.md",
 "as_of": "2026-09-11",
 "verdict": "KDEF holds 20 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": "KDEF, 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": "KDEF, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "71.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "KDEF, top ten holdings: 71.4%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u22126.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "KDEF, total return, 1 year: \u22126.6%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$157m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026",
   "as_of": "2026-09-11",
   "sentence": "KDEF, net assets: $157m (SEC filing, whole fund, as filed for May 31, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Mar 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "KDEF, expense ratio: 0.65% (485BPOS XBRL, Mar 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 5, 2025",
   "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": "71.4%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "20",
   "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": "HANWHA AEROSPACE CO LTD 18.7%, HYUNDAI ROTEM COMPANY 17.1%, LIG DEFENSE & AEROSPACE CO LTD 5.9%, HD HYUNDAI HEAVY INDUSTRIES CO LTD 4.8%, KOREA AEROSPACE INDUSTRIES LTD 4.6%, FIRSTEC COMPANY LTD 4.5%, POONGSAN CORP 4.1%, HANWHA SYSTEMS CO LTD 4.1%, SNT DYNAMICS CO LTD 4.0%, SAMHYUN CO LTD 3.6%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$157m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221233.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Mar 27, 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": "0.65%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WDAF 37%, KMCA 12%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22129.5%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221212.8 pts",
   "Gap to Nasdaq-100": "\u22128.7 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u221225.4%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221241.4 pts",
   "Gap to Nasdaq-100": "\u221246.1 pts"
  },
  {
   "window": "1 year",
   "Total return": "\u22126.6%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u221224.1 pts",
   "Gap to Nasdaq-100": "\u221229.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+116.4%",
   "S&P 500": "+28.6%",
   "Gap to S&P 500": "+87.7 pts",
   "Gap to Nasdaq-100": "+79.7 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of KDEF is in S&P 500 companies?",
   "a": "By its holdings filed for May 31, 2026, 0% of KDEF 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 KDEF hold?",
   "a": "20 positions as filed for May 31, 2026, with the top ten at 71% of the fund. The largest are HANWHA AEROSPACE CO LTD at 18.7%, HYUNDAI ROTEM COMPANY at 17.1%, LIG DEFENSE & AEROSPACE CO LTD at 5.9%."
  },
  {
   "q": "Has KDEF beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 KDEF returned \u22126.6% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 24.1 points."
  },
  {
   "q": "What does KDEF cost?",
   "a": "The prospectus expense ratio is 0.65% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.65%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}