Launched on October 22, 2018, the State Street SPDR S&P Kensho Final Frontiers ETF (ROKT Quick QuoteROKT - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Aerospace & Defense segment of the equity market.

While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.

Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Industrials - Aerospace & Defense is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.

Index Details

The fund is sponsored by State Street Investment Management. It has amassed assets over $230.43 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Aerospace & Defense segment of the equity market. ROKT seeks to match the performance of the S&P KENSHO FINAL FRONTIERS INDEX before fees and expenses.

The S&P Kensho Final Frontiers Index is comprised of U.S.-listed equity securities of companies domiciled across developed and emerging markets worldwide which are included in the Final Frontiers sector.

Costs

Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.

Annual operating expenses for this ETF are 0.45%, making it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 0.28%.

Sector Exposure and Top Holdings

ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Industrials sector -- about 68.5% of the portfolio. Information Technology and Energy round out the top three.

Looking at individual holdings, Planet Labs Pbc (PL) accounts for about 7.6% of total assets, followed by Intuitive Machines Inc (LUNR) and Iridium Communications Inc (IRDM).

The top 10 holdings account for about 47.87% of total assets under management.

Performance and Risk

So far this year, ROKT has added roughly 30.9%, and is up roughly 63.56% in the last one year (as of 07/27/2026). During this past 52-week period, the fund has traded between $67.155 and $136.68.

The ETF has a beta of 1.10 and standard deviation of 24.62% for the trailing three-year period. With about 37 holdings, it has more concentrated exposure than peers.

Alternatives

State Street SPDR S&P Kensho Final Frontiers ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ROKT is an excellent option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.

Invesco Aerospace & Defense ETF (PPA) tracks SPADE Defense Index and the iShares U.S. Aerospace & Defense ETF (ITA) tracks Dow Jones U.S. Select Aerospace & Defense Index. Invesco Aerospace & Defense ETF has $8.28 billion in assets, iShares U.S. Aerospace & Defense ETF has $14.20 billion. PPA has an expense ratio of 0.58%, and ITA charges 0.38%.

Bottom Line

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