the s-network space index...at&t inc t us united states 2.36% comcast corp a cmcsa us united...

© 2020 S-Network Global Indexes, 267 Fifth Avenue, New York, NY 10016.

The Certified Space TechnologyTM trademark is used under license. All Rights Reserved. www.spacecertification.org

The S-Network Space IndexQ2 2020Powered by Space Investment Services LLC

https://www.spacefoundation.org/what-we-do/space-certification


Index Rationale

q Private Industry is Rapidly Joining the New “Space Race”

q Investors are Increasingly Able to Distinguish Space Industry from Government/Defense Programs

q Broad-Based Investment in Space-Related Activities Prevents Overly Narrow Bets§ Telecommunications§ Television and Radio Broadcasting§ Rocket and Satellite Manufacturing and Operation§ Ground Equipment Manufacturing§ Space-Based Imagery and Intelligence Services

2

The S-Network Space Index is Limited to Truly Space-Related Companies, While Also Diversifying Across Different Space-Related Activities.


Index Characteristics

q Companies Screened Using Information from Space Investment Services LLC§ 82% weighted average revenue from Space-Related Activities§ Areas Include:

§ Launch Vehicle Prime Manufacturing§ Components and Ground Equipment§ Satellite Operation and Manufacturing

q Two Tranches for Space-Related Activities§ Diversified (20% Weight)§ Pure-Play (80% Weight)

q Weighting§ By Market Cap Adjusted for Float and Percentage of Revenue from Space-Related Activities§ Constituent Weighted Within Their Tranches§ Within-Tranche Weights Capped

§ 12% (Diversified)§ 6% (Pure-Play)

q Maintenance§ Semiannual Reconstitution§ Quarterly Rebalancing

3

The S-Network Space Index Employs Careful Handling of Relative Weightings and Regular, Strictly Rules-Based Maintenance.


Constituent Characteristics

q Must Derive Substantial Revenue from Space-Related Activities

q Screened with Several Relevant Questions§ Was the company the prime manufacturer for a satellite in the past five years?§ Was the company the prime manufacturer/operator of a launch vehicle in the past five years?§ Does the company currently operate satellites?§ Is the company substantially engaged in manufacturing space vehicle components (for satellites,

launch vehicles, or other spacecraft)?§ Is the company substantially engaged in manufacturing ground equipment used with satellite

systems?

q Eligibility§ Stock Must be Traded on a Recognized Exchange§ Minimum Three-Month Average Daily Trading Volume of 1 Million USD

4

Companies Must Pass Screens for Sufficient Space-Related Engagement and Liquidity.


Historical Performance


Historical Performance

66

Source: S-Network, as of 6/30/2020*To ensure fair comparisons, all of the starting index values are normalized to 1,000 as of May 7, 2018.

600

700

800

900

1000

1100

1200

1300

1400

May-18

Jun-1

8Ju

l-18

Aug-18

Sep-18

Oct-18

Nov-18

Dec-18

Jan-1

9

Feb-19

Mar-19

Apr-19

May-19

Jun-1

9Ju

l-19

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Jan-2

0

Feb-20

Mar-20

Apr-20

May-20

Jun-2

0

The S-Network Space Index vs. Benchmarks*(5/7/2018–6/30/2020)

SNET Space TR SNET US 3000 TR SNET Global 2500 TR


Index Constituents


Market Capitalization Profile

8

Source: S-Network, as of 6/30/2020

Pure Play Tranche (80%) Diversified Tranche (20%)

Number Of Constituents 17 14

Total Market Capitalization 95.49 Billion USD 987.21 Billion USD

Largest Market Capitalization 25.71 Billion USD 215.39 Billion USD

Smallest Market Capitalization 302.70 Million USD 2.23 Billion USD

Average Market Capitalization 5.62 Billion USD 70.51 Billion USD

Median Market Capitalization 2.38 Billion USD 53.59 Billion USD

The S-Network Space Index


Top Ten Constituents (Pure Play Tranche)

9

You Don’t Own These Companies; The Sum of All SPACE Constituents’ Weights in the Global 2500 Index is Only 2.07%.

Company Name Ticker Country Weight

Maxar Technologies Ltd. MAXR US United States 6.08%

Virgin Galactic Holdings Inc SPCE US United States 5.33%

Dish Network Corp A DISH US United States 5.17%

Orbcomm Inc ORBC US United States 5.09%

Loral Space & Communications LORL US United States 5.05%

Garmin Ltd GRMN US United States 5.03%

Iridium Communications Inc. IRDM US United States 5.02%

Trimble Navigation Ltd TRMB US United States 4.97%

Avio SpA AVIO IM Italy 4.84%

Sirius Xm Holdings Inc SIRI US United States 4.73%

The S-Network Space Index: Pure Play Tranche



Top Five Constituents (Diversified Tranche)

10

Company Name Ticker Country Weight

Boeing Co BA US United States 2.54%

AT&T Inc T US United States 2.36%

Comcast Corp A CMCSA US United States 2.34%

Raytheon Technologies Corp RTX US United States 2.26%

Lockheed Martin LMT US United States 2.24%

The S-Network Space Index: Diversified Tranche



Index Information


Index Details & Data Distribution

q Tickers§ SPACE (USD Price)§ SPACET (USD Total Return)§ SPACEE (Euro Price)§ SPACEET (Euro Total Return)

q Comprehensive Historic Data (including simulated back-tests from 12/31/2014)§ Daily Prices for Price-Only + TR Indexes in USD + EURO§ Quarterly Portfolio Snapshots (Historic Constituents and Weights)

q Broad data distribution via third party vendors§ Disseminated Daily via NYSE§ S&P/Bloomberg/Yahoo, etc.§ S-Network contribution page on Bloomberg: SNET

q Extensive Analytic support§ Quarterly Reports (“Index Insights”)§ Industry Overviews§ Extensive Statistical Data

12

The S-Network Space Index Offers Rich Historical and Live Production Data.


About S-Network

13

S-Network Global Indexes, Inc.267 Fifth Avenue

New York, NY 10016

www.snetglobalindexes.com

Richard PhillipsHead of Operations

[email protected]

Joseph LaCorte, CFACEO

[email protected]

http://www.snetglobalindexes.com/

http://snetworkllc.com

http://snetworkllc.com

the s-network space index...at&t inc t us united states 2.36% comcast corp a cmcsa us united...

Documents