State Street SPDR S&P Aerospace & Defense ETF
XAR
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Sep 29, 2011
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR S&P Aerospace & Defense ETF (XAR), managed by State Street Global Advisors, is an exchange-traded fund that seeks to provide investment results corresponding generally to the total return performance of the S&P Aerospace & Defense Select Industry Index before fees and expenses; the index represents the aerospace and defense segment of the S&P Total Market Index and is designed as a modified equal-weighted benchmark comprising approximately 40 holdings across large-, mid-, and small-cap U.S. companies in the industrials sector. The ETF invests at least 80% of its total assets in securities comprising the underlying index, offering diversified exposure to sub-industries including aerospace and defense equipment, parts, and services; top holdings as of late 2025 include Kratos Defense & Security Solutions Inc. (approximately 4.5%), AeroVironment Inc., Archer Aviation Inc., BWX Technologies Inc., L3Harris Technologies Inc., Curtiss-Wright Corp., RTX Corp., Lockheed Martin Corp., Howmet Aerospace Inc., and ATI Inc., with an average market capitalization of around $52 billion. It distributes qualified dividends quarterly, features a gross expense ratio of 0.35%, and trades on the NYSE Arca exchange under the ticker XAR. Launched on September 28, 2011, and headquartered in Boston, Massachusetts, alongside its sponsor State Street Global Advisors (a division of State Street Corporation), XAR targets institutional and retail investors seeking targeted exposure to the U.S. aerospace and defense industry without the concentration risks of market-cap weighted peers. The fund's equal-weighting methodology promotes unconcentrated positions across its holdings, mitigating dominance by mega-cap firms like RTX or Lockheed Martin. In recent developments, XAR has delivered strong performance amid favorable sector tailwinds, posting year-to-date returns exceeding 42% as of September 2025 and approximately 50% over the prior 12 months, driven by a 7.2% increase in the U.S. defense budget for fiscal 2025, surging global air travel demand outpacing aircraft production, and heightened geopolitical tensions boosting defense spending worldwide. Sector revenue reached $922 billion in 2024, with analysts projecting double-digit growth into 2025 from next-generation technologies like hypersonics, AI-enabled drones, and commercial aerospace recovery, benefiting holdings such as Rocket Lab USA Inc., Axon Enterprise Inc., and Huntington Ingalls Industries Inc. The ETF maintained its quarterly distributions, including $0.1320 per share paid on June 25, 2025, reflecting a 0.48% yield amid the sector's growth orientation; no major structural changes, acquisitions, or rebrandings were reported for the fund itself in 2024-2025, with portfolio adjustments occurring routinely via quarterly rebalancing to track the index.