Firefly Aerospace Inc.

Frequently Asked Questions About FLY

What does FLY invest in?

Firefly Aerospace Inc. is an innovative aerospace and defense technology firm that provides advanced mission capabilities for a wide range of clients, including national security initiatives, governmental bodies, and commercial ventures. The company specializes in integrated technologies for space launches and in-orbit operations, designed to facilitate efficient access, transit, and ongoing activities within the space environment. Its suite of key offerings includes: Alpha, a rapid-response small launch vehicle; Eclipse, a robust medium-lift launch system; Blue Ghost, which provides lunar payload delivery and surface operations; Elytra, offering in-space maneuverability and satellite servicing; and Ocula, a dedicated lunar imaging service. Established in 2017, the company is based in Cedar Park, Texas.

What is the expense ratio of FLY?

An expense ratio for Firefly Aerospace Inc. (FLY) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is FLY?

Firefly Aerospace Inc. (FLY) manages $3.40B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FLY actively managed or an index fund?

FLY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FLY launched?

Firefly Aerospace Inc. (FLY) launched in August 2025 and is managed by the fund issuer.

How has FLY performed?

FLY's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.