First Trust Indxx Aerospace & Defense ETF

Frequently Asked Questions About MISL

What does MISL invest in?

The First Trust Indxx Aerospace & Defense ETF aims to mirror the financial performance, specifically the capital appreciation and income generation, of the Indxx US Aerospace & Defense Index, before factoring in its operational costs. Typically, under ordinary market circumstances, the Fund allocates a minimum of 80% of its net assets, including any capital acquired through borrowing, to the equity securities composing that benchmark index.

What is the expense ratio of MISL?

First Trust Indxx Aerospace & Defense ETF (MISL) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MISL?

First Trust Indxx Aerospace & Defense ETF (MISL) manages $762.1M 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 MISL actively managed or an index fund?

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

When was MISL launched?

First Trust Indxx Aerospace & Defense ETF (MISL) launched in October 2022 and is managed by First Trust.

How has MISL performed?

MISL'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.