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.
State Street SPDR S&P Aerospace & Defense ETF earned a strong buy rating amid its potential to capitalize on accelerating secular growth in aerospace and defense. XAR's modified equal-weighting strategy enhances diversification, limits large-cap dominance, and provides greater exposure to outperforming small and mid-cap names. The ETF trades at lower valuations (4.5x book), offers a 12.3% three-year dividend CAGR, and maintains a low 0.35% expense ratio versus peers.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 19,457 | $3.6M | $5.15M | $1.56M | 43.22% |
Curtis Ellergodt Rothschild Investment LLC | 69 | $16,233.55 | $19,463.52 | $3,229.97 | 19.9% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 185,880 | $52.75M | $53.32M | $565,056.54 | 1.07% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3,548 | $901,121.04 | $1.04M | $136,065.8 | 15.1% |
| ME Matthew Ellis Planning Directions Inc | 3,706 | $460,033.32 | $1.07M | $608,369.42 | 132.24% |
| 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.