# MISL (First Trust Indxx Aerospace & Defense ETF)

First Trust · Thematic ETFs · data as of Sep 11, 2026

MISL holds 40 stocks, and 37% of its weight is outside the S&P 500.

## Key facts

- MISL, already in the S&P 500: 62.6%, as of Sep 11, 2026.
- MISL, active share vs the S&P 500: 97.5%, as of Sep 11, 2026.
- MISL, top ten holdings: 63.1%, as of Sep 11, 2026.
- MISL, total return, 1 year: +8.6%, as of Sep 11, 2026.
- MISL, net assets: $705m (issuer page, as of Sep 11, 2026).
- MISL, expense ratio: 0.60% (485BPOS XBRL, Apr 30, 2026).

## MISL over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −7.6% | +3.3% | −10.9 pts | −6.8 pts |
| 6 months | −9.1% | +16.0% | −25.1 pts | −29.8 pts |
| 1 year | +8.6% | +17.5% | −8.9 pts | −14.4 pts |
| 3 years | +93.7% | +77.9% | +15.9 pts | −1.4 pts |
| Since launch | +110.5% | +110.2% | +0.2 pts | −52.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Oct 26, 2022 | ETFIQ |
| Already in the S&P 500, by weight | 62.6% | ETFIQ |
| Active share vs the S&P 500 | 97.5% | ETFIQ |
| Already in the Nasdaq-100, by weight | 11.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 98.4% | ETFIQ |
| Top ten holdings weight | 63.1% | ETFIQ |
| Holdings | 40 | ETFIQ |
| Holdings as of | Sep 10, 2026 | the issuer’s daily file |
| Top holdings | Palantir Technologies Inc. (Class A) 11.0%, Space Exploration Technologies Corp. (Class A) 8.6%, RTX Corporation 8.5%, The Boeing Company 7.8%, GE Aerospace 7.6%, Lockheed Martin Corporation 4.3%, Northrop Grumman Corporation 4.0%, General Dynamics Corporation 4.0%, HEICO Corporation 3.8%, TransDigm Group Incorporated 3.7% | ETFIQ |
| Net assets | $705m | issuer page, as of Sep 11, 2026 |
| Below its all-time high | −16.5% | ETFIQ |
| Expense ratio | 0.60% | 485BPOS XBRL, Apr 30, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.62% | ETFIQ |
| Closest funds by holdings overlap | PPA 64%, ITA 61%, NATO 53%, XAR 50%, WDGF 45% | ETFIQ |

## Questions

### How much of MISL is in S&P 500 companies?

By its holdings published by its issuer for Sep 10, 2026, 63% of MISL by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.

### What does MISL hold?

40 positions as published by its issuer for Sep 10, 2026, with the top ten at 63% of the fund. The largest are Palantir Technologies Inc. (Class A) at 11.0%, Space Exploration Technologies Corp. (Class A) at 8.6%, RTX Corporation at 8.5%.

### Has MISL beaten the S&P 500?

Over the year to Sep 11, 2026 MISL returned +8.6% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 8.9 points.

### What does MISL cost?

The prospectus expense ratio is 0.60% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.62%.


## Cite this page

ETFIQ, MISL, data as of Sep 11, 2026. https://etfiq.com/funds/misl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/misl  ·  JSON: https://etfiq.com/funds/misl.json