Core Points - Kratos Defense & Security Solutions, Inc. has been added to the S&P MidCap 400 Index, transitioning from the S&P SmallCap 600 Index, indicating the company's growth and market recognition [1][2] - The inclusion in the MidCap 400 reflects Kratos' leadership in unmanned systems, hypersonics, space, propulsion, and national security solutions, highlighting its expanding role in the U.S. defense industrial base [2][3] - Eric DeMarco, President and CEO of Kratos, emphasized that this milestone showcases the company's financial growth and the confidence in its strategy, attributing the achievement to the hard work of employees and trust from customers and partners [3] Company Overview - Kratos Defense & Security Solutions, Inc. focuses on technology, products, systems, and software for defense, national security, and commercial markets, making internally funded investments to develop solutions that meet mission-critical needs [5] - The company aims to deliver affordable, high-performance systems and is recognized as an innovative change agent in the industry, specializing in rapid, large quantity, low-cost manufacturing [5] - Kratos' primary business areas include virtualized ground systems for satellites, unmanned aerial drone systems, propulsion systems, C5ISR products, and virtual & augmented reality training systems [5]

Core Insights - The iShares Core S&P Mid-Cap ETF (IJH) is a leading option for investors seeking exposure to the Mid Cap Blend segment of the US equity market, with assets exceeding $97.42 billion, making it the largest ETF in this category [1] Group 1: Mid Cap Blend Overview - Mid cap companies, with market capitalizations between $2 billion and $10 billion, generally offer higher growth prospects and lower volatility compared to large and small cap companies [2] - Blend ETFs typically hold a mix of growth and value stocks, providing a balanced investment approach [2] Group 2: Cost Structure - The annual operating expense ratio for IJH is 0.05%, positioning it as one of the more cost-effective options in the ETF market [3] - The ETF has a 12-month trailing dividend yield of 1.35% [3] Group 3: Sector Exposure and Holdings - The ETF's largest sector allocation is to Industrials, comprising about 23% of the portfolio, followed by Financials and Consumer Discretionary [4] - Emcor Group Inc (EME) represents approximately 0.78% of total assets, with the top 10 holdings accounting for about 3% of total assets under management [5] Group 4: Performance Metrics - IJH aims to replicate the performance of the S&P MidCap 400 Index, with a year-to-date return of roughly 2.70% and a one-year return of approximately 6.75% as of July 15, 2025 [6] - The ETF has traded between $51.16 and $67.87 over the past 52 weeks [6] Group 5: Risk Assessment - IJH has a beta of 1.05 and a standard deviation of 19.63% over the trailing three-year period, categorizing it as a medium risk investment [7] - The ETF holds about 410 different securities, effectively diversifying company-specific risk [7] Group 6: Alternatives - The iShares Russell Mid-Cap ETF (IWR) and Vanguard Mid-Cap ETF (VO) are alternative options, with IWR having $42.86 billion in assets and an expense ratio of 0.19%, while VO has $84.50 billion and charges 0.04% [9] Group 7: Market Trends - Passively managed ETFs are gaining popularity among both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]