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First Trust Indxx Aerospace & Defense (MISL)Overvalued or undervalued?
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 |
|---|---|---|---|
| Palantir Technologies Inc. PLTR | 11.6 % | −92.9 % | 70 |
| RTX Corporation RTX | 8.6 % | −56.0 % | 63 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 8.0 % | n/a | n/a |
| The Boeing Company BA | 7.6 % | −80.0 % | 38 |
| General Electric Company GCP | 7.5 % | n/a | n/a |
| Lockheed Martin Corporation LMT | 4.3 % | +1.2 % | 68 |
| Northrop Grumman Corporation NOC | 4.0 % | −31.9 % | 65 |
| General Dynamics Corporation GD | 4.0 % | −24.7 % | 66 |
| Howmet Aerospace Inc HWM | 3.9 % | −80.1 % | 77 |
| Heico Corporation HEI | 3.8 % | −69.6 % | 62 |
| L3Harris Technologies Inc LHX | 3.7 % | −43.9 % | 63 |
| Transdigm Group Incorporated TDG | 3.7 % | −50.5 % | 71 |
| Rocket Lab USA Inc. RKLB | 3.2 % | n/a | n/a |
| New Providence Acquisition Corp NPA | 2.4 % | n/a | n/a |
| Curtiss-Wright Corporation CW | 2.4 % | −56.7 % | 71 |
| Woodward Inc WWD | 2.2 % | −63.4 % | 67 |
| FTAI Aviation Ltd. FTAI | 2.1 % | −48.6 % | 44 |
| Leidos Holdings Inc LDOS | 1.9 % | +103.2 % | 73 |
| CACI International Inc CACI | 1.5 % | −9.0 % | 59 |
| Textron Inc TXT | 1.5 % | −4.0 % | 65 |
| Moog Inc MOG-A | 1.3 % | −68.0 % | 55 |
| Huntington Ingalls Industries Inc HII | 1.3 % | −13.8 % | 58 |
| LEONARDO DRS INC. DL-01 2VZ | 1.1 % | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | 1.0 % | −95.6 % | 25 |
| AeroVironment Inc AVAV | 0.8 % | n/a | n/a |
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 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
Frequently asked about MISL
Is MISL overvalued?
What is the fair value of MISL?
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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: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.