Symbols

MISL

First Trust Indxx Aerospace & Defense ETF·NYSE

--(--)

Key Stats

Assets Under Management

1.30BUSD

Fund Flows (1Y)

63.33MUSD

Dividend Yield

0.71%

Discount/Premium to NAV

0.05%

Shares Outstanding

30.05M

Expense Ratio

0.60%

About First Trust Indxx Aerospace & Defense ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=MISL

Inception Date

Oct 25, 2022

Structure

Open-Ended Fund

Index Tracked

Indxx US Aerospace & Defense Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Portfolios LP

Distributor

First Trust Portfolios LP

MISL provides concentrated exposure to the US aerospace and defense industry. The selection process starts with US companies that derive at least 50% of its revenue from the following sub-themes: 1) Advanced Aerospace and Defense which includes firms associated with Hypersonic, Directed Energy, Space Technologies, Unmanned Aerial Vehicle/Advanced Air Mobility, and Autonomous, Cybersecurity and C5ISR Systems, and 2) Traditional Aerospace and Defense, including manufacturers of materials, electronics, and telecommunications equipment used in aircraft for both defense and commercial aviation. Eligible securities must also meet size and liquidity criteria of the index. The top 50 securities are selected and weighted by market-cap. Single security weights are capped at 8% and the aggregate weight of securities with weights greater than or equal to 5% must not exceed 45%. The index reconstitutes semi-annually and rebalances quarterly