MISL

First Trust Indxx Aerospace & Defense ETF

MISL tracks a market cap-weighted index of 50 US companies involved in advanced and traditional aerospace and defense.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

117.8 M

ASSETS UNDER MGMT

60 bp

EXPENSES
Fund Basics
Fund sponsorFirst Trust
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 25, 2022
Assets (mns)$118
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
BOEING CO 8.2 %
RTX CORP 7.8 %
GENERAL DYNAMICS CORP 7.5 %
TRANSDIGM GROUP INC 7.1 %
LOCKHEED MARTIN CORP 7.0 %
HOWMET AEROSPACE INC. 4.5 %
HEICO CORP 4.1 %
L3HARRIS TECHNOLOGIES INC 4.0 %
SAIC INC 3.9 %
TEXTRON INC 3.9 %
Constituent Breakdown
Number of holdings35
Herfindahl-Hirschman Index 471
Wgt avg mkt cap (mns)$56,226
Large cap (>$10bn)76.3%
Mid cap ($2-10bn)20.9%
Small cap (<$2bn)2.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.6 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 27.5% 33.9% -- -- -- -- 23.2%
Volatility 13.7% 13.5% 14.9% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7740%
MSCI EAFE0.7550%
MSCI Emg Mkts0.5221%
Liquidity Measures
Avg. volume (000)48
Turnover1.3%
Avg. Bid/Ask (% of price)0.24%
ADV of underlying (mns)$4,968
Technical Indicators
Recent close$32.26
30d moving avg.$32.02
Annualized volatility14.8%
Relative strength (RSI)50
Short interest (ETF)0.6%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: MISL vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.8 23.9 4.3 1.0% --
Based on closing prices from 12/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MISL



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

MISL

2.6%

Cat. Avg

5.3%


ALTAR Score™ Calculation

Category Overview
There are 978 funds in the US Equity category, with an average ALTAR Score™ of 5.3% and a standard deviation of 2.4%. MISL's ALTAR Score™ is approximately 1.1 standard deviations below the category average. This places MISL in the 14th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

MISL
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
MISL (60 bp) Percentile rank 66
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MISL 60.0 24.0 84
Peer Avg. 44.7 17.0 61.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .