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First Trust Indxx Aerospace & Defense (MISL)Overvalued or undervalued?
Look-through valuation · Theme · Expense ratio 0.62 % · ISIN US33733E8315
Price history (since 2022)
Monthly close since 2022. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| The Boeing Company BA | 8.5 % | −74.6 % | 41 |
| General Electric Company GCP | 8.2 % | n/a | n/a |
| RTX Corporation RTX | 8.1 % | −53.8 % | 63 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 7.5 % | n/a | n/a |
| Palantir Technologies Inc. PLTR | 7.3 % | −78.4 % | 76 |
| Northrop Grumman Corporation NOC | 4.5 % | −30.5 % | 64 |
| General Dynamics Corporation GD | 4.4 % | −21.5 % | 65 |
| Lockheed Martin Corporation LMT | 4.3 % | −27.2 % | 67 |
| L3Harris Technologies Inc LHX | 4.2 % | +10.0 % | 62 |
| Heico Corporation HEI | 4.2 % | −23.4 % | 64 |
| Transdigm Group Incorporated TDG | 4.1 % | +10.0 % | 69 |
| Honeywell Aerospace Inc. Common Stock When Issued HONAV | 4.1 % | n/a | n/a |
| Howmet Aerospace Inc HWM | 4.0 % | −71.8 % | 76 |
| Rocket Lab USA Inc. RKLB | 3.2 % | n/a | n/a |
| Woodward Inc WWD | 2.2 % | −57.5 % | 66 |
| Curtiss-Wright Corporation CW | 2.1 % | +4.5 % | 71 |
| FTAI Aviation Ltd. FTAI | 1.8 % | −38.2 % | 45 |
| New Providence Acquisition Corp NPA | 1.7 % | n/a | n/a |
| Leidos Holdings Inc LDOS | 1.7 % | +54.8 % | 73 |
| CACI International Inc CACI | 1.5 % | +7.1 % | 58 |
| Textron Inc TXT | 1.5 % | +4.2 % | 64 |
| Moog Inc MOG-A | 1.2 % | −63.4 % | 56 |
| Huntington Ingalls Industries Inc HII | 1.2 % | −9.2 % | 57 |
| LEONARDO DRS INC. DL-01 2VZ | 1.0 % | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | 0.8 % | −92.5 % | 26 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 44 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.7 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.3 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 45.9 % below FV
- 4 MCHI iShares MSCI China ETF 36.3 % below FV
- 5 FLCH Franklin FTSE China ETF 35.9 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 28.4 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 26.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF 23.0 % below FV
- 9 FDEM Fidelity® Emerging Markets Multifactor ETF 17.0 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about MISL
Is MISL overvalued?
What is the fair value of MISL?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of MISL?
What is the expense ratio of MISL?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust Indxx Aerospace & Defense ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 26, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.