ATLASFirst Trust Indxx Aerospace & Defense ETF (MISL): outlook, holdings and fees
First Trust Indxx Aerospace & Defense ETF (MISL) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.62% and the yield is 0.07%. The ten largest holdings are 64% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on MISL
| Last price | $42.30 (+1.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $40.95 – $44.04 |
| Normal 1-day range (±1σ) | ±1.2% |
| Distribution yield | 0.07% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
MISL fund facts
| Issuer | First Trust |
|---|---|
| Theme | Aerospace & defense |
| Assets under management | $691M |
| Expense ratio | 0.62% |
| Number of holdings | 39 |
| Portfolio turnover | 13% |
| Inception | Oct 25, 2022 |
| Exchange | NYSE |
The fund will invest at least 80% of its net assets in the common stocks that comprise the index. The index is a rules-based index, however, the index Provider reserves the right to use qualitative judgment to include, exclude, adjust, or postpone the inclusion of a stock in the index which is the ordinary course discretion that the index Provider has to modify which securities qualify for inclusion in the index in accordance with the rules of its selection methodology. It is non-diversified.
MISL top holdings
| Holding | Sector | Weight |
|---|---|---|
| Palantir Technologies Inc. PLTR | Technology | 13.78% |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | Industrials | 9.51% |
| RTX Corporation RTX | Industrials | 8.15% |
| General Electric Company GCP | Other | 6.93% |
| The Boeing Company BA | Industrials | 6.99% |
| Lockheed Martin Corporation LMT | Industrials | 4.27% |
| Northrop Grumman Corporation NOC | Industrials | 3.84% |
| General Dynamics Corporation GD | Industrials | 3.78% |
| Transdigm Group Incorporated TDG | Industrials | 3.50% |
| Heico Corporation HEI | Industrials | 3.52% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
MISL sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 78.6% |
| Technology | 21.5% |
By region: North America 100.0%.
MISL returns and risk
| Year to date | -1.5% |
|---|---|
| 1 year | -0.2% |
| 3 years (annualised) | +22.9% |
| Volatility (3 years) | 19.6% |
| Sharpe ratio (3 years) | 1.06 |
Past returns do not guarantee future results.
MISL: frequently asked questions
What does MISL invest in?
First Trust Indxx Aerospace & Defense ETF invests in a portfolio of securities. Its largest holdings are Palantir Technologies Inc. (13.8%), Space Exploration Technologies Corp. Class A Common Stock (9.5%), RTX Corporation (8.2%), General Electric Company (6.9%), The Boeing Company (7.0%).
What is the MISL expense ratio?
0.62% a year: about $62.00 for every $10,000 invested.
What is the MISL dividend yield?
0.07%. ATLAS does not hold the exact distribution dates for ETFs.
Will MISL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $40.95 to $44.04 from $42.30 today. It is a probability, not a prediction.
How has MISL performed?
Year to date -1.5%, one year -0.2%, three years +22.9% a year. Past returns do not guarantee future results.
Similar ETFs: Aerospace & defense
Educational information, not investment advice. Disclaimer