MISL
·NYSE
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Key Stats
Assets Under Management
934.13MUSD
Fund Flows (1Y)
63.33MUSD
Dividend Yield
0.76%
Discount/Premium to NAV
-0.10%
Shares Outstanding
27.25M
Expense Ratio
0.60%
About First Trust Indxx Aerospace & Defense ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
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
Classification
Asset Class
Equity
Category
Sector
Focus
Industrials
Niche
Aerospace & Defense
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Market cap
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.71% | +2.40% | +32.03% | +29.79% | +83.86% | +96.46% |
NAV Total Return | -0.98% | +5.71% | +37.36% | +33.68% | +90.66% | +0.68% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Industrials
85.26%
Technology
14.74%
Industrials
85.26%
Technology
14.74%
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
RTX
RTX
9.34%
BA
The Boeing
8.55%
GE
GE Aerospace
8.34%
GD
General Dynamics
8.27%
LMT
Lockheed Martin
7.75%
HWM
Howmet Aerospace
4.33%
HEI
Heico
4.11%
TDG
TransDigm Group
4.10%
LHX
L3Harris
3.99%
NOC
Northrop Grumman
3.73%
Top 10 Weight 62.51%
39 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.107 |
| 2025-06-26 | 2025-06-26 | 2025-06-30 | 0.028 |
| 2025-03-27 | 2025-03-27 | 2025-03-31 | 0.036 |
| 2024-12-13 | 2024-12-13 | 2024-12-31 | 0.135 |
| 2024-09-26 | 2024-09-26 | 2024-09-30 | 0.024 |
| 2024-06-27 | 2024-06-27 | 2024-06-28 | 0.028 |
| 2024-03-21 | 2024-03-22 | 2024-03-28 | 0.038 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
