SHLD Fees and Costs — Global X Defense Tech ETF
Data updated: 2026-07-29
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $800K in broker commissions, 0.0319% of average net assets, and portfolio turnover was 33%.
SHLD Fees and Expenses
Annual operating expenses and sales charges of SHLD. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SHLD Costs Over Time
On $10,000 invested in SHLD, assuming 5% a year before costs, total costs come to $336 over 5 years, cutting the return by 0.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $336 |
| Value after costs | $10,444 | $11,393 | $12,427 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
SHLD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0319%
- Total broker commissions: $800K
- Bought from dealers (principal trades, not a cost): $346.9M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $19.6M
- Net income from securities lending: $291K (0.012% of average net assets)
SHLD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO | $470K | 58.70% |
| BANK OF AMERICA | $224K | 27.99% |
| JP MORGAN | $57K | 7.15% |
| CITIGROUP | $24K | 2.98% |
| UBS SECURITIES LLC | $20K | 2.53% |
| MORGAN STANLEY & CO, INC | $2K | 0.25% |
| MIZUHO SECURITIES USA INC | $1K | 0.15% |
| BAIRD, ROBERT W., & CO., INCORPORATED | $905 | 0.11% |
| BTIG LLC | $615 | 0.08% |
| VIRTU FINANCIAL BD LLC | $523 | 0.07% |
SHLD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) INC. | $179.4M | 51.72% |
| BARCLAYS CAPITAL INC. | $83.7M | 24.14% |
| MORGAN STANLEY & CO, INC | $83.7M | 24.14% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.