MISL

First Trust Indxx Aerospace & Defense ETF

$40.70

+0.00%

Market closed. Last update: 10:49 PM ET

📎 Investment Objective

The First Trust Indxx Aerospace & Defense ETF (MISL) seeks to provide investment results that correspond generally to the price and yield performance of the Indxx Global Aerospace & Defense Index.

Overview

ETF tracking First Trust Indxx Aerospace & Defense ETF

Category Industrials

Issuer First Trust

Inception Date 2022-10-26

Market Cap $201.4M

Average Volume N/A

Dividend Yield 0.75%

52-Week Range $27.51 - $43.94

VWAP $40.79

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The First Trust Indxx Aerospace & Defense ETF (MISL) seeks to provide investment results that correspond generally to the price and yield performance of the Indxx Global Aerospace & Defense Index.

🎯 Investment Strategy

The fund invests at least 90% of its net assets in the common stocks and depositary receipts that comprise the Indxx Global Aerospace & Defense Index. The index tracks the performance of companies that are engaged in the aerospace and defense industry.

✨ Key Features

Provides exposure to companies involved in the aerospace and defense sectors
Tracks the Indxx Global Aerospace & Defense Index, which is designed to measure the performance of the global aerospace and defense industry
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Sector concentration risk as the fund is focused on the aerospace and defense industries
Potential volatility due to the cyclical nature of the aerospace and defense sectors
Risks associated with investing in international companies and foreign markets
Lack of long-term performance history to evaluate the fund's track record

👤 Best For

This ETF may be suitable for investors seeking exposure to the aerospace and defense sectors as part of a diversified portfolio. However, due to the limited performance history, it may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.