A smart beta exchange traded fund, the State Street SPDR S&P Aerospace & Defense ETF (XAR) debuted on 09/28/2011, and offers broad exposure to the Industrials ETFs category of the market.
Designed to provide broad exposure to the Industrials - Aerospace & Defense segment of the equity market, the State Street SPDR S&P Aerospace & Defense ETF (XAR) is a passively managed exchange traded fund launched on September 28, 2011.
Launched on 09/28/2011, the State Street SPDR S&P Aerospace & Defense ETF (XAR) is a smart beta exchange traded fund offering broad exposure to the Industrials ETFs category of the market.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 19,457 | $3.6M | $4.38M | $776,944.5 | 21.59% |
Curtis Ellergodt Rothschild Investment LLC | 69 | $16,233.55 | $15,204.15 | -$1,029.4 | -6.34% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 185,880 | $52.75M | $40.96M | -$11.79M | -22.35% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3,548 | $901,121.04 | $781,801.84 | -$119,319.2 | -13.24% |
| ME Matthew Ellis Planning Directions Inc | 3,706 | $460,033.32 | $834,146.48 | $374,113.16 | 81.32% |
| ARCA Exchange | US Country |
The fund mentioned is designed to closely follow the performance of the S&P Aerospace & Defense Select Industry Index. This index captures the essence of the aerospace and defense sector within the broader S&P Total Market Index (S&P TMI). By adopting a sampling strategy, the fund aims to mirror the performance of the index as closely as possible. It commits at least 80% of its total assets directly into securities that are part of the index, effectively making it a substantial stakeholder in the aerospace and defense industry's market performance.
This product is geared towards investors seeking exposure to the aerospace and defense industry as defined by the S&P Aerospace & Defense Select Industry Index. The fund invests at least 80% of its assets in the securities making up the index. By doing so, it offers investors a way to gain indirect exposure to leading companies in the aerospace and defense sector, providing a diversified investment within this niche market.
As part of its investment approach, the fund employs a sampling strategy. This means it does not replicate the index exactly but selects a representative sample of securities that collectively have a similar profile to the index. This strategy is employed to manage costs and achieve a balance between closely tracking the index's performance and maintaining operational efficiency in managing the fund.