The top four holdings in JETS – Delta, United, Southwest and American — combine for nearly 48% of the ETF’s weight.
The next top five U.S. airlines receive a 4% weight. The remaining airline companies meeting the index criteria are then scored based on multiple fundamental factors driven by their cash return on invested capital, sales per share growth, gross margins and sales yield. Each of the four U.S. companies with the highest composite score receives a 3% weighting and each of the twenty non-U.S. companies with the highest scores receive a 1% weighting. [ETF Opportunity in the Friendly Skies]
JETS has traded slightly lower since debuting on April 30, but over the past month, the ETF has climbed 4.1%. The fund has amassed $47.3 million in assets under management since coming to market.
U.S. Global Jets ETF Top 10 Holdings
Chart Courtesy: U.S. Global Investors