Industry Distribution:

• Defense: approx. 60%
• Aerospace: approx. 40%

TOP 3 Markets:

• USA: approx. 70%
• Europe: approx. 15%
• Asia-Pacific: approx. 10%

The SPDR S&P Aerospace & Defense ETF mainly invests in companies operating in the aerospace and defense industry. The majority of revenues come from the defense sector, driven by strong demand for military equipment and services.

The USA is the largest market, attributed to high defense spending and the presence of many leading companies in this sector. Europe and the Asia-Pacific region follow, with these markets also gaining importance due to increasing defense budgets and technological developments.

SPDR Series Trust - State Street SPDR S&P Aerospace & Defense ETF (ARCA:XAR) is not a company, but an exchange-traded fund (ETF).

This ETF invests in a variety of companies in the aerospace and defense industry. Therefore, the ETF itself does not produce any products. The companies in which the ETF invests have their production facilities distributed worldwide, depending on their respective corporate strategies and locations.

For specific production sites, the individual companies within the ETF would need to be considered.

Current Price: $X (estimated, 2025)

The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that invests in companies in the aerospace, defense, and related industries. As an ETF, XAR does not have its own corporate strategy but rather mirrors the performance of an underlying index.

The ETF's strategy is to replicate the performance of the S&P Aerospace & Defense Select Industry Index. This index includes companies operating in the aerospace, defense, and related industries. The ETF provides investors with a diversified investment opportunity in these sectors.

For future growth, the ETF focuses on:

1. Diversification: By investing in a wide range of companies within the aerospace, defense, and related industries, risk is spread out, and the chances of returns are increased.

2. Market Development: The ETF benefits from the overall market development in the aerospace, defense, and related industries, driven by technological innovations and increasing defense spending.

3. Rebalancing: The ETF is regularly rebalanced to accurately reflect the performance of the underlying index and to benefit from the best growth opportunities within the sector.

Investors should keep an eye on macroeconomic trends and political developments as these can significantly influence the ETF's performance.

Main raw materials: Aluminum, titanium, composite materials

Main supplying countries: China, Russia, Canada, Australia

The SPDR S&P Aerospace & Defense ETF (XAR) invests in companies in the aerospace, defense, and space industries. These sectors are heavily dependent on certain raw materials, especially aluminum and titanium, which are essential for the production of aircraft and defense equipment.

Aluminum is often imported from countries like China and Canada, as these countries are among the largest producers worldwide. Titanium, another critical material, is often sourced from Russia and Australia, as these countries have significant titanium reserves.

Composite materials, which are increasingly used in the aerospace industry, are often imported from a variety of countries, depending on specific material requirements and technological specifications.

Current price of the ETF: $125.30 (2025)

The SPDR S&P Aerospace & Defense ETF (XAR) is not a single company, but an exchange-traded fund (ETF) that invests in stocks of companies in the aerospace, defense, and defense industries. Therefore, it is not possible to evaluate a competitive advantage as with a single company. Instead, the competitive advantage of the ETF can be analyzed through the diversification and selection of the included companies.

The competitive advantage of the XAR ETF lies in its broad diversification within the aerospace, defense, and defense industry. The ETF invests in a variety of companies operating in different segments of the industry, reducing the risk for investors.

Furthermore, the ETF benefits from the stable demand in the defense industry, which is often supported by government spending. This provides a certain level of stability and growth potential, especially in times of geopolitical tensions.

The performance of the ETF also depends on the overall economic situation and government spending on defense and technology. Analysts estimate that the ETF will continue to be a solid investment as long as demand in these sectors remains constant or grows.

Institutional Investor Share: approximately 75% (estimated, 2025)
Insider Buys/Sells: No significant insider transactions reported (2025)

The institutional investor share in ETFs such as the SPDR S&P Aerospace & Defense ETF is usually high, as these products are often used by institutional investors such as pension funds, hedge funds, and other large investors to obtain broadly diversified exposures in specific sectors.

Insider buys or sells are less relevant for ETFs, as these funds represent a collection of stocks and not individual company shares. Therefore, there are usually no specific insider transactions that would need to be reported.

Market share of SPDR S&P Aerospace & Defense ETF (XAR): Estimate: 12% (2025)

Top competitors and their market shares:

1. iShares U.S. Aerospace & Defense ETF (ITA): 18%
2. Invesco Aerospace & Defense ETF (PPA): 15%
3. SPDR S&P Aerospace & Defense ETF (XAR): 12%
4. First Trust Indxx Aerospace & Defense ETF (MISL): 10%
5. Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN): 8%

The SPDR S&P Aerospace & Defense ETF (XAR) holds a significant market share, but not the largest in the industry. The largest competitor, iShares U.S. Aerospace & Defense ETF (ITA), leads the market with a share of 18%.

The "moat" or competitive advantage of XAR lies in its diversified structure, allowing investors to invest in a broad range of companies within the aerospace and defense industry. This provides risk mitigation compared to ETFs that are more focused on individual companies.

However, some competitors, like ITA, may have a stronger moat through a focused selection of high market capitalization companies, which can potentially lead to higher returns. The competitive advantage of XAR is therefore more in diversification rather than focusing on market leaders.

Industry Growth: 5-7% annually (estimated for 2025)

Geopolitical Factors: Increased defense spending worldwide

The SPDR S&P Aerospace & Defense ETF (XAR) invests in companies in the aerospace, defense, and space industries. This sector benefits from rising defense spending driven by geopolitical tensions and the need to modernize military equipment.

Furthermore, there is a growing focus on technological innovations such as drones and cybersecurity, which further increase the industry's growth potential. The ETF's diversification across various companies within the sector reduces the risk of individual company fluctuations.

Overall, the XAR ETF offers an attractive opportunity to benefit from positive industry trends, especially when considering the long-term growth forecasts and the strategic importance of the sector.

Dividend yield: 1.2% (estimated for 2025)

The SPDR S&P Aerospace & Defense ETF (XAR) typically pays a dividend sourced from the earnings of the companies included in the ETF. The dividend yield usually ranges from 1% to 2%, depending on the earnings of the underlying companies.

The reliability of the payout is heavily dependent on the performance of the aerospace, defense, and aviation companies included in the ETF. These industries are known for their stable yet cyclical earnings, which can cause some volatility in dividend payments.

In recent years, XAR has followed a relatively consistent dividend policy, but investors should keep an eye on economic conditions and the specific performance of the companies included in the ETF to better assess the future reliability of dividend payments.