The DGLO ETF is designed to track the Richard Bernstein Advisors US Deglobalization Index. The index screens a broad universe of US stocks and selects companies based on the sectors and corporate characteristics most closely linked to deglobalization.

It suits investors who are interested in the themes of supply chain restructuring and stronger domestic production, and who can accept sector exposure that differs from a broad market index.

This is a passively managed (index-tracking) ETF operated by First Trust.

The product uses a selection method that reflects US revenue base, earnings outlook, financial soundness, and relevance to aerospace and defense. It covers companies in energy, materials, industrials, and cybersecurity, while excluding sectors with weak links to deglobalization.

• Stock selection that weighs US-centered revenue together with financial conditions
• A thematic portfolio spanning sectors related to deglobalization

Assets under management (AUM) stand at $4.7M, and the total expense ratio is 0.70% per year.

Thematic products can differ greatly from broad market products in sector composition and trading conditions, so investors should separately check the fee burden and ease of trading.

The performance of theme-related assets can shift with changing expectations for manufacturing investment, energy supply and demand, defense spending, and supply chain restructuring. The performance of the DGLO ETF also reflects the volatility of individual stocks and related sectors.

When market perception of a particular industry environment changes, thematic products can see large swings in fund inflows and outflows. Because the DGLO ETF may be more affected by sector selection than a broad index, investors should watch how changes in the economy and industry outlook affect trading demand.

While its thematic selection criteria and sector linkages are strengths, the product can be sensitive to specific industry conditions and moves in individual stocks.

The ITOT ETF aims for broad US equity exposure, the SCHB ETF for a broad market composition, and the VXF ETF for exposure to the market outside large caps, so each differs in character from the deglobalization theme. The DGLO ETF holds companies such as GD, UNP, DRS, RSG, and EOG, which together provide exposure to defense, transportation infrastructure, environmental services, and energy. Investors should weigh individual stock concentration and thematic variables together.

Before investing, check whether this product's thematic exposure matches your market outlook and whether you can accept its sector bias compared with a broad market product. The distribution policy and exchange rate movements can also affect performance in Korean won terms.

The theme of deglobalization is shaped by industrial policy, supply chain structure, the energy environment, and geopolitical variables. As a result, related sectors can lag even when the overall market is rising, and volatility may increase if the theme weakens.

The DGLO ETF is a thematic option focused on a US-centered business base and sectors tied to supply chain restructuring. Investors who prioritize broad market exposure should compare differences in composition, while those who choose thematic exposure should consider sector bias, distribution variability, and exchange rate effects together.