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Retro Golden Shield

Light shield, Magic > Melee > Ranged order. MC effect is that if you are fighting an Undead, the attacks are treated as if they're hitting your shield's Light resists no matter their element. If you are in the armour from this set, then the effect also applies to your armour's resists. Demons also get this effect, but at 2/3 of the value, basically it's a copy of the Unwavering effect from Paladin, but without the class title requirement, and working on the shield's resists by default instead of the armour's resists.

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Is it that vs. Undead foes, I will be getting hit as if it's -26% shield always?