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First Trust Indxx Aerospace & Defense ETF (MISL)
Look-through valuation · Theme · Expense ratio 0.60 % · 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 |
|---|---|---|---|
| RTX Corporation RTX | 8.9 % | −59.5 % | 68 |
| General Electric Company GCP | 8.1 % | n/a | n/a |
| Palantir Technologies Inc. PLTR | 7.9 % | −79.9 % | 54 |
| The Boeing Company BA | 7.7 % | −80.0 % | 37 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 6.5 % | n/a | n/a |
| Lockheed Martin Corporation LMT | 4.6 % | −27.1 % | 69 |
| Howmet Aerospace Inc HWM | 4.4 % | −80.0 % | 78 |
| L3Harris Technologies Inc LHX | 4.2 % | −51.7 % | 59 |
| General Dynamics Corporation GD | 4.2 % | −29.5 % | 70 |
| Northrop Grumman Corporation NOC | 4.1 % | −33.5 % | 59 |
| Heico Corporation HEI | 4.1 % | −70.2 % | 63 |
| Transdigm Group Incorporated TDG | 3.9 % | −52.8 % | 66 |
| Rocket Lab USA Inc. RKLB | 3.2 % | −75.8 % | 29 |
| Curtiss-Wright Corporation CW | 3.1 % | −67.3 % | 72 |
| Woodward Inc WWD | 2.8 % | −70.2 % | 71 |
| FTAI Aviation Ltd. FTAI | 2.4 % | −55.4 % | 45 |
| New Providence Acquisition Corp NPA | 2.4 % | n/a | n/a |
| Textron Inc TXT | 1.8 % | −19.4 % | 63 |
| Leidos Holdings Inc LDOS | 1.6 % | +82.9 % | 60 |
| Moog Inc MOG-A | 1.4 % | −68.0 % | 65 |
| LEONARDO DRS INC. DL-01 2VZ | 1.4 % | n/a | n/a |
| Huntington Ingalls Industries Inc HII | 1.2 % | −9.5 % | 53 |
| CACI International Inc CACI | 1.2 % | −15.6 % | 54 |
| Kratos Defense & Security Solutions KTOS | 1.0 % | −80.0 % | 20 |
| Hexcel Corporation HXL | 0.9 % | −75.9 % | 70 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 39 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 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +22.2 % below FV
- 2 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +17.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +9.8 % below FV
- 4 SHRY First Trust Bloomberg Shareholder Yield ETF +2.2 % below FV
- 5 COWZ Pacer US Cash Cows 100 ETF -0.3 % above FV
- 6 C001 Amundi Core DAX UCITS ETF Dist -2.4 % above FV
- 7 XLC Communication Services Select Sector SPDR® Fund -4.2 % above FV
- 8 EWP iShares MSCI Spain ETF -4.8 % above FV
- 9 FTXO First Trust Nasdaq Bank ETF -6.0 % above FV
- 10 KRE SPDR® S&P Regional Banking ETF -8.9 % above FV
How the look-through works
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: Jul 28, 2026
No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.