XKFF holds 31 stocks, over two-thirds of which are classified as aerospace and defense stocks. Over 15% of the new ETF’s weight are tech names and XKFF also features some exposure to the energy sector. None of XKFF’s holdings exceed weights of 5.61%. The fund is well-positioned to take advantage of a new space race.

“Decreasing launch costs, improving technology and private investors are reinvigorating the space race,” said State Street. “Private companies are attempting to reinvent the process of getting to space, while new satellite technology is disrupting existing satellite parts manufacturers and services businesses.”

XKFF charges 0.45% per year, or $45 on a $10,000 investment.

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