About XAR ETF
STATE STREET AEROSPACE ETF (XAR) holds a portfolio of aerospace and defense stocks. While the benchmark concentrates on large caps, XAR aims for 40/40/20 weighting among large, mid, and small caps respectively. As a result, it does not perfectly track the benchmark and tends to carry more risk. XAR holds 37 stocks and some of the top stocks are Goodrich Corporation (GR), Spirit AeroSystems, Triumph Group Incorporated, and Honeywell International (HON). About the Fund Manager: State Street was incorporated in 1792, has four decades of experience meeting complex client needs and is the third largest asset manager in the world managing $2.73T. It is the 2nd United States bank on the list of oldest banks in continuous operation. State Street is ranked 14th on the list of largest banks in the United States by assets. How did we identify this ETF: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. XAR trades well, average spreads are reasonable, underlying liquidity is excellent for block traders. Fees is reasonable for the exposure, and decent tracking means that realized costs are only slightly higher than advertised. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Returns
| Performance | YTD | 1Y | 3Y | 5Y |
|---|---|---|---|---|
| State Street Aerospace ETF | 12.90% | 54.68% | 15.45% | 20.04% |
Asset Class
Asset type breakdown
XAR Holdings - Top 10
| Namei | Weightage (%) | |
|---|---|---|
| Spirit AeroSystems Holdings, Inc | 4.50% | |
| Axon Enterprise, Inc | 4.27% | |
| Aerojet Rocketdyne Holdings, Inc | 4.26% | |
| Maxar Technologies Inc | 4.26% | |
| Howmet Aerospace Inc | 4.05% | |
| Cubic Corporation | 4% | |
| General Dynamics Corporation | 3.97% | |
| Hexcel Corporation | 3.88% | |
| Textron Inc | 3.81% | |
| Raytheon Technologies Corporation | 3.70% |
XAR Sectors/Industry Breakdown
| Sectori | % of market value | |
|---|---|---|
| Industrials | 92.87% | |
| Technology | 7.13% |
XAR Countries
| Countryi | % of market value | |
|---|---|---|
| North America | 100% |
Projected Returns
Returnsbased on historic SIP returns of 12.93% per annum
XAR Summary Data
| Total Net Assets | $ | i |
| Average Mkt Cap Mil | $ | i |
| Symbol | XAR | |
| Exchange | ARCX | |
| ISIN | US78464A6313", |
| Cat. Benchmark | MSCI ACWI NR USD | |
| Asset class | Equity | |
| Category | Industrials | |
| Country | US |
XAR Portfolio Data & Volatility Analysis
| Net Expense Ratio | 0.35 | i |
| Beta | 1.33 | i |
| Valuations Rates Portfolio PE | 25.79395 | i |
| 3 Year Standard Deviation | 27.9 | i |
Fund Strategy
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Aerospace & Defense Select Industry Index. In seeking to track the performance of the S&P Aerospace & Defense Select Industry Index (the index), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the aerospace and defense segment of the S&P Total Market Index (S&P TMI). The fund is non-diversified.",.
XAR Fact Sheets & Reports
About State Street
State Street Corporation is an American financial services corporation founded in 1792. State Street has been providing ETFs since 1993. Today State Street provides ETFs across major markets covering different asset classes. State Street prides itself in creating client oriented products.
