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PLUS Korea Defense Industry Index (KDEF) Overvalued or undervalued?
Look-through valuation · Theme · Expense ratio 0.63 % · ISIN US30151E4917
Price history (since 2025)
Monthly close since 2025. Price shows performance, the valuation verdict is in the look-through above.
KDEF holdings and fair value
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Hanwha Aerospace Co Ltd 012450 | 18.8 % | −22.1 % | 39 |
| LIG Nex1 Co Ltd 079550 | 6.9 % | −49.3 % | 43 |
| Hyundai Rotem Co 064350 | 6.1 % | +58.9 % | 63 |
| Korea Aerospace Industries 047810 | 6.0 % | −81.5 % | 38 |
| SNT Dynamics Co Ltd 003570 | 4.9 % | +9.1 % | 41 |
| SNT Motiv Co Ltd 064960 | 4.8 % | +68.1 % | 50 |
| Samkang M&T Co.Ltd 100090 | 4.7 % | +35.6 % | 40 |
| Poongsan 103140 | 4.5 % | +17.2 % | 47 |
| Satrec Initiative Co. Ltd 099320 | 4.2 % | −52.1 % | 42 |
| LifeSemantics Corp. 347700 | 4.1 % | n/a | n/a |
| Hanwha Systems Co Ltd 272210 | 4.1 % | −44.8 % | 32 |
| HJ ShipBuilding & Construction Co Ltd 097230 | 3.8 % | −24.2 % | 36 |
| MNC Solution 484870 | 3.8 % | n/a | n/a |
| Hyundai Wia 011210 | 3.7 % | +49.3 % | 57 |
| Woori Technology Inc 032820 | 3.5 % | n/a | n/a |
| SNT Holdings Co Ltd 036530 | 3.4 % | +88.5 % | 52 |
| Firstec 010820 | 3.3 % | −51.2 % | 45 |
| Hyundai Heavy Industries Co Ltd 329180 | 2.7 % | +12.5 % | 52 |
| Hanwha Ocean Co., Ltd 042660 | 2.7 % | −19.5 % | 47 |
Fair value and quality per position come from the same valuation as our stock pages. Listing all 19 disclosed positions. "n/a" means we show no value for this position and it does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.0 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 43.9 % below FV
- 4 MCHI iShares MSCI China ETF 35.7 % below FV
- 5 FLCH Franklin FTSE China ETF 34.8 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 27.3 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 25.9 % below FV
- 8 ITB iShares U.S. Home Construction ETF 21.3 % below FV
- 9 TAN Invesco Solar ETF 17.3 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about KDEF
Is KDEF overvalued?
What is the fair value of KDEF?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of KDEF?
Where can I see KDEF holdings with their fair value?
What is the expense ratio of KDEF?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives PLUS Korea Defense Industry Index ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Nov 2, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.