{
 "ticker": "PSWD",
 "name": "Xtrackers Cybersecurity Select Equity ETF",
 "issuer": "Xtrackers",
 "desk": "themes",
 "url": "https://etfiq.com/funds/pswd",
 "html": "https://etfiq.com/funds/pswd",
 "markdown": "https://etfiq.com/funds/pswd.md",
 "as_of": "2026-09-11",
 "verdict": "PSWD holds 52 stocks, and 72% 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": "28.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PSWD, already in the S&P 500: 28.4%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PSWD, active share vs the S&P 500: 98.9%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "52.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PSWD, top ten holdings: 52.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+19.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PSWD, total return, 1 year: +19.6%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "PSWD, net assets: $5m (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.20%",
   "source": "485BPOS XBRL, Sep 25, 2025",
   "as_of": "2026-09-11",
   "sentence": "PSWD, expense ratio: 0.20% (485BPOS XBRL, Sep 25, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Cybersecurity",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 13, 2023",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "28.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.9%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "23.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "97.3%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "52.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "52",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 29, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "CROWDSTRIKE HOLDINGS INC 6.2%, OKTA INC 6.1%, FORTINET INC 5.8%, RUBRIK INC 5.7%, PALO ALTO NETWORKS INC 5.7%, NEXTDC LTD 4.8%, AKAMAI TECHNOLOGIES INC 4.6%, F5 INC 4.4%, SENTINELONE INC 4.4%, QUALYS INC 4.3%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221210.6%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.20%",
   "source": "485BPOS XBRL, Sep 25, 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": "0.20%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "SPAM 76%, WCBR 66%, BUG 64%, IHAK 59%, HACK 59%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+15.2%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+11.9 pts",
   "Gap to Nasdaq-100": "+15.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "+39.4%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "+23.4 pts",
   "Gap to Nasdaq-100": "+18.7 pts"
  },
  {
   "window": "1 year",
   "Total return": "+19.6%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+2.1 pts",
   "Gap to Nasdaq-100": "\u22123.4 pts"
  },
  {
   "window": "3 years",
   "Total return": "+70.5%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "\u22127.4 pts",
   "Gap to Nasdaq-100": "\u221224.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+74.5%",
   "S&P 500": "+76.5%",
   "Gap to S&P 500": "\u22122.0 pts",
   "Gap to Nasdaq-100": "\u221217.4 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of PSWD is in S&P 500 companies?",
   "a": "By its holdings filed for May 29, 2026, 28% of PSWD by weight is stocks the S&P 500 already holds. Its active share against the index is 99%, so that share is the part doing something different."
  },
  {
   "q": "What does PSWD hold?",
   "a": "52 positions as filed for May 29, 2026, with the top ten at 52% of the fund. The largest are CROWDSTRIKE HOLDINGS INC at 6.2%, OKTA INC at 6.1%, FORTINET INC at 5.8%."
  },
  {
   "q": "Has PSWD beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 PSWD returned +19.6% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 2.1 points."
  },
  {
   "q": "What does PSWD cost?",
   "a": "The prospectus expense ratio is 0.20% a year. Because 99% of the fund differs from the S&P 500, the fee on that differing part works out at 0.20%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}