Page 17 - Investment Advisor - October 2021

in 3D printing, artificial intelligence and SPDR S&P AEROSPACE & DEFENSE
robotics; and companies that benefit ETF (XAR)
from aerospace activities including agri- Assets under management: $1.3 billion
culture, global positioning systems and Expenses: 0.351%
drone manufacturers. Inception date: Sept. 28, 2011
Index: tracks the S&P Aerospace &
PROCURE SPACE ETF (UFO) Defense Select Industry Index, which is
Assets under management: $124.5 equally weighted
million Performance: +6.48% YTD
Expenses: 0.75% Top holdings: Raytheon Technologies,
Inception date: April 11, 2019 Boeing, Dow Jones U.S. Select Aero
Index: tracks the S-Network Space Defense Index Swap, Lockheed Martin
Index The ETF generally invests at least
Performance: +17.16% year-to-date 80% of its total assets in the securities
Top holdings: Garmin Ltd., Trimble, comprising the index, which is equally
DISH Network Corp., Class A weighted unlike the Dow Jones U.S.
The fund invests at least 80% of net Select Aerospace & Defense Index,
assets in companies of the underly- which is market-weighted.
ing index that receive at least 50% of Space may be the The portfolio contains 34 stocks but
their revenues or profits from space- has less than 40% of its assets concen-
related businesses. The index is an final frontier, trated in its top 10 holdings versus a
equity benchmark for a globally trad- 70.1% average for its peers, according to
ed portfolio of companies engaged but is it a good Morningstar. The fund also overweights
in space-related businesses such as investment, or even technology stocks by 4.3% compared
satellite technology. with the category average.
Communication services and tech- an accessible one?
nology are the top two sectors for invest- DIREXION DAILY AEROSPACE AND
ments. DEFENSE BULL 3X SHARES (DFEN)
ISHARES U.S. AEROSPACE AND Assets under management: $332.6
SPDR KENSHO FINAL FRONTIERS DEFENSE ETF (ITA) million
ETF (ROKT) Assets under management: $2.9 billion Expenses: 1.01%
Assets under management: $21.4 Expenses: 0.42% Inception date: May 3, 2017
million Inception date: May 1, 2006 Index (leveraged): tracks three times
Expenses: 0.45% Index: tracks the Dow Jones U.S. Select the performance of the Dow Jones U.S.
Inception date: Oct. 22, 2018 Aerospace & Defense Index Select Aerospace & Defense Index
Index: tracks the S&P Kensho Final Performance: 11.72% YTD Performance: 26.05% YTD
Frontiers Index Top holdings: Raytheon Technologies Top holdings: Raytheon Technologies,
Performance: 5.84% YTD Corp, Boeing, Lockheed Martin Boeing, Dow Jones U.S. Select Aero
Top holdings: Teledyne Technologies, (Teledyne Technologies and L3 Harris Defense Index Swap, Lockheed Martin
L3Harris Technologies, Iridium Technologies are its fourth and fifth The ETF seeks three times the return
Communications (the latter two com- largest holdings.) of the Dow Jones U.S. Select Aerospace
panies are among the top holdings of The fund generally invests at least & Defense Index, before fees and
ARKX) 90% of its assets in securities of the expenses, for a single day. The aerospace
stefan-stefancik/unsplash up the index, which includes companies underlying index. Companies include and aircraft parts, and the defense com-
companies include manufacturers,
The fund generally invests at least
underlying index and in depositary
assemblers and distributors of aircraft
receipts representing securities of the
80% of total assets in securities that make
whose products and services are driving
manufacturers, assemblers and distribu-
panies include producers of components
innovation in deep space and deep sea
and equipment for the defense industry,
tors of aircraft and aircraft parts.
exploration. Technology and communi-
such as military aircraft, radar equip-
Industrials and technology are the
ment and weapons.
two primary sectors for this ETF.
cation are its most popular sectors.
OCTOBER 2021 INVESTMENT ADVISOR 15