{
 "ticker": "XDEF",
 "name": "Xtrackers Europe Defense Technologies ETF",
 "issuer": "Xtrackers",
 "desk": "themes",
 "url": "https://etfiq.com/funds/xdef",
 "html": "https://etfiq.com/funds/xdef",
 "markdown": "https://etfiq.com/funds/xdef.md",
 "as_of": "2026-09-11",
 "verdict": "XDEF holds 30 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": "XDEF, 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": "XDEF, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "61.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XDEF, top ten holdings: 61.5%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221299.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "XDEF, total return, since launch: \u221299.2%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "XDEF, net assets: $4m (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Jan 23, 2026",
   "as_of": "2026-09-11",
   "sentence": "XDEF, expense ratio: 0.35% (485BPOS XBRL, Jan 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Defense",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 2, 2026",
   "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": "61.5%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "30",
   "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 8.7%, ROLLS-ROYCE HOLDINGS PLC 8.6%, SAFRAN SA 8.3%, BAE SYSTEMS PLC 7.3%, RHEINMETALL AG 7.0%, DSV A/S 4.7%, THALES SA 4.4%, MTU AERO ENGINES AG 4.3%, MELROSE INDUSTRIES PLC 4.3%, LEONARDO SPA 4.0%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221299.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Jan 23, 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": "0.35%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WDEF 71%, EUAD 62%, ARMY 57%, NATO 32%, WDGF 26%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+0.8%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22122.5 pts",
   "Gap to Nasdaq-100": "+1.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22125.2%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221221.2 pts",
   "Gap to Nasdaq-100": "\u221225.9 pts"
  },
  {
   "window": "Since launch",
   "Total return": "\u221299.2%",
   "S&P 500": "+12.5%",
   "Gap to S&P 500": "\u2212111.6 pts",
   "Gap to Nasdaq-100": "\u2212116.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of XDEF is in S&P 500 companies?",
   "a": "By its holdings filed for May 31, 2026, 0% of XDEF 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 XDEF hold?",
   "a": "30 positions as filed for May 31, 2026, with the top ten at 62% of the fund. The largest are AIRBUS SE at 8.7%, ROLLS-ROYCE HOLDINGS PLC at 8.6%, SAFRAN SA at 8.3%."
  },
  {
   "q": "Has XDEF beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 XDEF returned \u221299.2% with distributions reinvested, against +12.5% for the S&P 500, so it finished behind the index by 111.6 points."
  },
  {
   "q": "What does XDEF cost?",
   "a": "The prospectus expense ratio is 0.35% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.35%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}