Invesco Aerospace & Defense ETF is an exchange-traded fund that provides targeted exposure to the aerospace and defense sector. It seeks to track the SPADE Defense Index, which identifies companies engaged in the development, manufacturing, operations, and support of U.S. defense, homeland security, and aerospace activities. The fund normally invests at least 90% of its total assets in common stocks comprising the index, holding around 60 securities primarily from the industrials sector, with additional allocations to information technology and communication services. Its portfolio features prominent holdings in leading firms such as Boeing, RTX, General Electric, Lockheed Martin, and Northrop Grumman, with the majority of assets concentrated in the United States, alongside minor exposures to Israel and Canada. Rebalanced and reconstituted quarterly, the ETF offers investors a focused vehicle for participating in this specialized industry, which encompasses critical national security and aviation operations. Launched in 2005 and managed by Invesco, it serves as a key option for those seeking sector-specific equity exposure in financial markets.