- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Oct 23, 2018
- Business
- State Street SPDR S&P Kensho Final Frontiers ETF (ROKT) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Final Frontiers Index. The fund tracks a tier-weighted index comprised of U.S.-listed equity securities, including depositary receipts, of companies domiciled across developed and emerging markets worldwide that are involved in the Final Frontiers sector, as determined by a proprietary classification standard utilizing artificial intelligence and quantitative weighting methodology. ROKT provides targeted exposure to companies whose products and services drive innovation in the exploration of outer space and the deep sea; these include providers of space travel and exploration technologies, supply chain components for aerospace and defense systems, underwater drones and remotely operated vehicles, oil and gas equipment services, communications equipment, electronic components, and research and consulting services in these domains. Top holdings as of late 2025 feature leading firms such as Planet Labs PBC, Rocket Lab Corp, Viasat Inc, Northrop Grumman Corp, L3Harris Technologies Inc, RTX Corp, Teledyne Technologies Inc, Oceaneering Intl Inc, and Moog Inc Class A, with key sectors weighted toward aerospace and defense (approximately 50%), research and consulting services (14%), and oil and gas equipment (6%).
Launched on October 22, 2018, and headquartered in Boston, Massachusetts, through issuer State Street Global Advisors (SSGA), a division of State Street Corporation, ROKT operates primarily in U.S. equity markets while offering global exposure via its underlying holdings, with approximately 97.7% U.S.-based and minor allocations to countries like Israel. The fund changed its name from SPDR Kensho Final Frontiers ETF and ticker from XKFF to its current branding on June 25, 2019. It maintains a gross expense ratio of 0.45%, holds around 33 stocks with an average market capitalization of US$46 billion, a P/E ratio of 25.05, and focuses on long-term growth potential amid expanding human presence in space and oceans, subject to sector-specific risks like government spending policies and market volatility.
Recent performance highlights include a one-year total return exceeding 51% as of September 30, 2025, year-to-date gains over 34%, and annualized returns since inception of approximately 15%, outperforming broader markets amid surging interest in space exploration fueled by record global funding. No major acquisitions, funding rounds, partnerships, or new product launches specific to ROKT have been reported in the last 1-2 years, reflecting steady passive management aligned with index reconstitutions; the fund continues to benefit from thematic tailwinds in aerospace and deep-sea innovation without structural changes. ROKT targets investors seeking thematic equity exposure to high-growth final frontiers sectors, distributing dividends quarterly as a non-leveraged, rules-based ETF.