Core Viewpoint - The U.S. Global Jets ETF (NYSEARCA:JETS) provides investors with exposure to the global airline industry without the need to select individual airline carriers [1] Group 1 - The ETF allows for diversified investment in the airline sector, mitigating risks associated with individual companies [1]

Core Viewpoint - The State Street SPDR S&P Transportation ETF (XTN) offers investors exposure to the transportation sector within the Industrials ETFs category, aiming to match the performance of the S&P Transportation Select Industry Index [1][5]. Fund Overview - XTN was launched on January 26, 2011, and is managed by State Street Investment Management, with total assets exceeding $216.07 million, categorizing it as an average-sized ETF in the Industrials sector [1][5]. - The fund has an annual operating expense ratio of 0.35%, making it one of the least expensive options in its category, and it has a 12-month trailing dividend yield of 0.73% [6]. Sector Exposure and Holdings - XTN is fully allocated to the Industrials sector, with approximately 100% of its portfolio dedicated to this area [7]. - The top holding, Hunt (JBHT), constitutes about 3.29% of the fund's total assets, with the top 10 holdings representing approximately 29.49% of total assets under management [8]. Performance Metrics - Year-to-date, XTN has gained about 7.25%, and over the last 12 months, it has increased by approximately 11.05% as of January 12, 2026 [9]. - The ETF has a beta of 1.38 and a standard deviation of 24.70% over the trailing three-year period, indicating a higher risk profile compared to its peers [10]. Alternatives - Other ETFs in the transportation sector include the U.S. Global Jets ETF (JETS) and the iShares U.S. Transportation ETF (IYT), with assets of $836.38 million and $943.01 million respectively. JETS has an expense ratio of 0.60%, while IYT has a ratio of 0.38% [12].

Core Viewpoint - The State Street SPDR S&P Transportation ETF (XTN) provides broad exposure to the Industrials - Transportation/Shipping segment, appealing to both retail and institutional investors due to its low costs and tax efficiency [1][2]. Group 1: Fund Overview - XTN is a passively managed ETF launched on January 26, 2011, with assets exceeding $211.13 million, positioning it as an average-sized ETF in its category [1][3]. - The ETF aims to match the performance of the S&P Transportation Select Industry Index, which represents the transportation segment of the S&P Total Market Index [3]. Group 2: Costs and Performance - The annual operating expense ratio for XTN is 0.35%, making it one of the least expensive options in the market, with a 12-month trailing dividend yield of 0.74% [4]. - As of January 9, 2026, XTN has increased by approximately 6.12% year-to-date and 9.9% over the past year, with trading prices ranging from $62.77 to $97.06 in the last 52 weeks [7]. Group 3: Sector Exposure and Holdings - The ETF is fully allocated to the Industrials sector, with Hunt (JBHT) making up about 3.29% of total assets, and the top 10 holdings representing approximately 29.49% of total assets under management [5][6]. Group 4: Alternatives - XTN holds a Zacks ETF Rank of 3 (Hold), indicating it is a viable option for investors seeking exposure to the Industrials ETFs area, alongside alternatives like U.S. Global Jets ETF (JETS) and iShares U.S. Transportation ETF (IYT) [8][9].

Market Overview - Year-to-date, Wall Street is performing decently with the S&P 500 Index up approximately 16.2% in 2025 [1] - The Santa Claus Rally, historically observed from December 15 to January 5, has already begun, although Wall Street has faced a recent slump with the SPDR S&P 500 ETF Trust (SPY) down 0.7% over the past five days due to less-dovish signals from the Fed and AI overvaluation concerns [2] Historical Performance - The Santa Claus Rally has historically yielded positive returns about 80% of the time, with the S&P 500 averaging a gain of approximately 1.3% during this seven-day period [3] - Since 1928, the S&P 500 has shown positive returns in December 74% of the time, making it the month with the highest frequency of positive returns [5] Factors Influencing the Rally - Investor optimism, institutional activity, and tax considerations are key factors contributing to the equity rally during the holiday season [4] - There is optimism surrounding a resilient economy, with strong corporate profits and seasonal tailwinds expected to facilitate a modest Santa Rally this year [7] Economic Indicators - Softer inflation in November, with the Consumer Price Index (CPI) rising 2.7% year-over-year, below the forecasted 3.1%, is seen as a positive development for investors [8] Company-Specific Insights - Micron (MU) shares surged post-earnings due to high demand for AI memory, with expectations that the total addressable market for high-bandwidth memory will reach $100 billion by 2028, growing at a 40% compounded annual growth rate [9] - Despite concerns in the AI sector, investors have invested about $100 billion into U.S. stocks over the past nine weeks, indicating a strong trend of inflows throughout 2025 [10] ETFs to Watch - The Roundhill Magnificent Seven ETF (MAGS), which includes major tech companies, is positioned well due to strong demand for AI [12] - The State Street SPDR S&P Metals & Mining ETF (XME) is benefiting from high metal prices and strong demand, with a 1.9% increase last week [13] - The U.S. Global Jets ETF (JETS) gained about 1% last week, supported by expected record travel during the holiday season [14] - The iShares U.S. Aerospace & Defense ETF (ITA) is performing well due to increased military spending and geopolitical tensions, with a 1.6% increase last week [15]

Core Insights - The airline industry is experiencing a significant recovery as operational challenges from a government shutdown have subsided, leading to improved conditions ahead of the Thanksgiving travel season [1][2] Industry Outlook - Airlines for America (A4A) forecasts over 31 million passengers flying on U.S. carriers from Nov. 21 to Dec. 1, indicating a strong rebound for the industry [2] - The average daily passenger count is projected to be 2.8 million, reflecting a 1% increase from 2024 levels, which is expected to enhance profitability for airlines [5] Investment Opportunities - Airline ETFs are recommended as a more prudent investment choice compared to individual airline stocks due to their diversification benefits, which mitigate risks associated with fuel price volatility and operational issues [3][4] - Increased bookings post-government shutdown have been noted, with United Airlines reporting a 16% rise in bookings between Nov. 15 and Nov. 16 compared to the previous weekend [6] Revenue Dynamics - High demand during peak travel seasons allows airlines to maintain or increase ticket prices, which is likely to boost revenue per available seat mile (RASM) and overall profitability [7] ETF Performance - U.S. Global Jets ETF (JETS) has gained 1.4% year to date and 3.4% since Nov. 15, with major holdings including Southwest Airlines, Delta Airlines, and United Airlines [9] - MAX Airlines 3X Leveraged ETNs (JETU) has lost 18.4% year to date but gained 1.5% since Nov. 15, with United Airlines and American Airlines as significant holdings [10][11] - MAX Airlines -3X Inverse Leveraged ETNs (JETD) has seen a 47% decline year to date and a 2.8% loss since Nov. 15 [12][13]

Core Viewpoint - U.S. Global Investors, Inc. has successfully listed its shipping ETF, the U.S. Global Sea to Sky Cargo ETF (SEA), on the Mexican Stock Exchange, expanding its international presence and providing investors with access to the global transportation and logistics sectors [1][3]. Company Overview - U.S. Global Investors, Inc. is a registered investment advisory firm with over 50 years of history, focusing on niche markets globally [5]. - The company specializes in gold mining stocks and the airline industry, and now aims to enhance its offerings in the shipping sector through the SEA ETF [1][5]. ETF Details - The SEA ETF is the first pure-play maritime shipping and air freight ETF listed on the BMV, joining the U.S. Global Jets ETF (JETS) and U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) [2][4]. - Launched in January 2022, SEA aims to provide diversified access to the global shipping and air freight industries, utilizing a Smart Beta 2.0 strategy to identify efficient companies in these sectors [4][13]. Market Context - The Bolsa Mexicana de Valores (BMV) is the second-largest stock exchange in Latin America, with a market capitalization exceeding $530 billion, indicating a significant opportunity for investment in the region [3]. - The Mexican government is investing billions to modernize its seaports, which aligns with SEA's focus on global trade expansion, particularly between North America and East Asia [4][3]. Industry Insights - Over 80% of global goods are transported by sea, highlighting the critical role of the companies within SEA's index in global commerce [5]. - The U.S. Global Sea to Sky Cargo Index (SEAX) tracks companies involved in marine shipping, air freight, and port operations, providing diversified exposure across various market capitalizations [13].

Core Insights - The U.S. Global Jets ETF (JETS) is a passively managed fund launched on April 30, 2015, aimed at providing broad exposure to the Industrials - Transportation/Shipping segment of the equity market [1] - The ETF has accumulated over $873.11 million in assets, positioning it as an average-sized ETF in its category [3] - JETS seeks to match the performance of the U.S. Global Jets Index, which focuses on airline companies globally, particularly domestic passenger airlines [3] Costs - The annual operating expenses for JETS are 0.6%, which is competitive with most peer products in the sector [4] Sector Exposure and Top Holdings - Southwest Airlines Co (LUV) constitutes approximately 10.64% of total assets, followed by United Airlines Holdings Inc (UAL) and American Airlines Group Inc (AAL) [5] - The top 10 holdings represent about 60.49% of total assets under management [6] Performance and Risk - As of July 28, 2025, JETS has experienced a loss of about 3.04% year-to-date but has gained approximately 29.03% over the past year [7] - The ETF has traded between $16.76 and $26.81 in the last 52 weeks, with a beta of 1.32 and a standard deviation of 29.45% over the trailing three-year period, indicating a high-risk profile [7] Alternatives - JETS carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Industrials ETFs area [8] - Other alternatives include the SPDR S&P Transportation ETF (XTN) and the iShares U.S. Transportation ETF (IYT), with assets of $151.54 million and $733.77 million respectively [9][10]

Core Viewpoint - U.S. Global Investors, Inc. has successfully listed its gold-focused ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), on the Bolsa de Valores de Colombia, enhancing its accessibility for Colombian investors and expanding its presence in Latin America [1][2][3] Company Overview - U.S. Global Investors, Inc. is a boutique investment firm specializing in precious metals and emerging markets, with over 50 years of history [7] - The company is headquartered in San Antonio, Texas, and provides money management and other services to various funds and ETFs [7] ETF Details - GOAU offers exposure to companies involved in the production of gold and other precious metals through mining or royalty agreements [2][3] - The ETF is already listed in New York, Mexico, and Peru, and its addition to the BVC increases its visibility across Latin America [2] - GOAU is the only non-UCITS ETF listed on the BVC that provides access to gold and precious metals mining companies [3] Investment Strategy - The GoGold ETF employs a smart-factor, rules-based investment strategy that combines passive investing efficiency with active management selectivity [5] - It tracks the U.S. Global GO GOLD and Precious Metal Miners Index, which screens companies based on valuation, profitability, and balance sheet quality [5][13] - Unlike traditional gold mining funds, GOAU focuses on high-quality, well-managed companies with consistent profitability, particularly North American royalty and streaming companies [6] Market Context - The listing of GOAU on the BVC is seen as timely due to the growing sophistication of Colombia's capital markets and increasing demand for diversified investment options amid economic uncertainty and geopolitical instability [3] - As of May 2025, only two gold-related ETFs are listed on the BVC, highlighting the unique position of GOAU in the Colombian market [3]