First Trust Indxx Aerospace & Defense ETF (MISL) Holdings
MISL holdings summary
as of Oct 22, 2026- Holdings
- 44 positions listed
- Top 10 weight
- 61.0% of net assets
- Effective holdings
- 20 equal-weight equivalent
- Largest holding
- BA 8.46% The Boeing Company
- Annual turnover
- 12.6% of the portfolio traded
All MISL holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | BA | The Boeing Company | Industrials | 8.46% | $56.5M | $150.34B | 67.9 |
| 2 | GCP | General Electric Company | Other | 8.21% | $54.8M | — | — |
| 3 | RTX | RTX Corporation | Industrials | 8.06% | $53.8M | $261.36B | 34.1 |
| 4 | SPCX | Space Exploration Technologies Corp. | Industrials | 7.49% | $50.0M | $1.92T | — |
| 5 | PLTR | Palantir Technologies Inc. | Technology | 7.32% | $48.8M | $447.04B | 160.4 |
| 6 | NOC | Northrop Grumman Corporation | Industrials | 4.52% | $30.2M | $73.85B | 16.5 |
| 7 | GD | General Dynamics Corporation | Industrials | 4.36% | $29.1M | $93.13B | 21.0 |
| 8 | LMT | Lockheed Martin Corporation | Industrials | 4.26% | $28.4M | $127.42B | 20.3 |
| 9 | LHX | L3Harris Technologies, Inc. | Industrials | 4.18% | $27.9M | $46.28B | 25.1 |
| 10 | HEI | HEICO Corporation | Industrials | 4.15% | $27.7M | $43.31B | 51.6 |
| 11 | TDG | TransDigm Group Incorporated | Industrials | 4.07% | $27.2M | $62.98B | 34.6 |
| 12 | HONAV | Honeywell Aerospace Inc. Common Stock When Issued | Other | 4.07% | $27.1M | — | — |
| 13 | HWM | Howmet Aerospace Inc. | Industrials | 3.97% | $26.5M | $88.12B | 47.6 |
| 14 | RKLB | Rocket Lab USA, Inc. | Industrials | 3.19% | $21.3M | $32.51B | — |
| 15 | WWD | Woodward, Inc. | Industrials | 2.16% | $14.4M | $19.40B | 36.5 |
| 16 | CW | Curtiss-Wright Corporation | Industrials | 2.06% | $13.7M | $18.55B | 34.6 |
| 17 | FTAI | FTAI Aviation Ltd. | Industrials | 1.84% | $12.3M | $16.89B | 35.8 |
| 18 | NPA | New Providence Acquisition Corp | Financial Services | 1.73% | $11.5M | — | — |
| 19 | LDOS | Leidos Holdings, Inc. | Technology | 1.69% | $11.3M | $15.67B | 11.7 |
| 20 | CACI | CACI International Inc | Technology | 1.53% | $10.2M | $13.58B | 25.4 |
| 21 | TXT | Textron Inc. | Industrials | 1.47% | $9.8M | $13.20B | 14.3 |
| 22 | MOG.A | Moog Inc. | Industrials | 1.22% | $8.1M | $11.67B | 31.1 |
| 23 | HII | Huntington Ingalls Industries, Inc. | Industrials | 1.15% | $7.7M | $10.72B | 16.2 |
| 24 | 2VZ | LEONARDO DRS INC. DL-01 | Industrials | 0.97% | $6.4M | — | — |
| 25 | KTOS | Kratos Defense & Security Solutions, Inc. | Industrials | 0.82% | $5.4M | $7.59B | 237.8 |
| 26 | HXL | Hexcel Corporation | Industrials | 0.75% | $5.0M | $6.82B | 45.6 |
| 27 | SAIC | Science Applications International Corporation | Technology | 0.63% | $4.2M | $5.58B | 15.5 |
| 28 | AVAV | AeroVironment, Inc. | Industrials | 0.63% | $4.2M | $6.19B | — |
| 29 | LOAR | Loar Holdings Inc. | Industrials | 0.63% | $4.2M | $5.83B | 87.6 |
| 30 | PSN | Parsons Corporation | Technology | 0.53% | $3.5M | $4.72B | 30.4 |
| 31 | KBR | KBR, Inc. | Industrials | 0.51% | $3.4M | $4.59B | 10.9 |
| 32 | KRMN | Karman Holdings Inc. | Industrials | 0.51% | $3.4M | $4.60B | 119.6 |
| 33 | MRCY | Mercury Systems, Inc. | Industrials | 0.49% | $3.3M | $4.52B | — |
| 34 | AIR | AAR Corp. | Industrials | 0.45% | $3.0M | $3.97B | 20.3 |
| 35 | FLY | Firefly Aerospace Inc. | Industrials | 0.29% | $2.0M | $2.80B | — |
| 36 | ATRO | Astronics Corporation | Industrials | 0.28% | $1.8M | $2.65B | 33.6 |
| 37 | DCO | Ducommun Incorporated | Industrials | 0.28% | $1.8M | $2.58B | — |
| 38 | LUNR | Intuitive Machines, Inc. | Industrials | 0.26% | $1.8M | $1.74B | — |
| 39 | AADX | Applied Aerospace & Defense, Inc. | Industrials | 0.22% | $1.5M | $1.96B | — |
| 40 | AVEX | AEVEX Corp. | Industrials | 0.20% | $1.3M | $1.06B | 73.1 |
| 41 | VOYG | Voyager Technologies, Inc. | Industrials | 0.16% | $1.1M | $1.55B | — |
| 42 | NPK | National Presto Industries, Inc. | Industrials | 0.12% | $769,200.37 | $1.06B | 24.9 |
| 43 | YSS | York Space Systems Inc. | Industrials | 0.08% | $553,050.40 | $766.5M | — |
| 44 | BKSY | BlackSky Technology Inc. | Industrials | 0.07% | $491,674.48 | $708.8M | — |
Weights as a percentage of net assets. Value held = weight × net assets ($667.1M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
MISL sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 74.3% | 36 | BA, RTX, SPCX |
| Other | 12.3% | 2 | GCP, HONAV |
| Technology | 11.7% | 5 | PLTR, LDOS, CACI |
| Financial Services | 1.7% | 1 | NPA |
Sum of the weights of the holdings in each sector.
MISL top industries
MISL overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| PPA | Invesco Aerospace & Defense ETF | 69.2% | 38 of 66 | 0.57% |
| WDGF | WisdomTree Global Defense Fund | 52.0% | 33 of 109 | — |
| SHLD | Global X Defense Tech ETF | 43.9% | 18 of 50 | 0.47% |
| IDEF | iShares Defense Industrials Active ETF | 40.8% | 32 of 150 | 0.57% |
| FOWF | Pacer Solactive Whitney Future of Warfare ETF | 37.0% | 12 of 85 | — |
| QQQ | Invesco QQQ ETF | 5.1% | 4 of 101 | 0.17% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the MISL portfolio
First Trust Indxx Aerospace & Defense ETF holds 44 positions. The ten largest make up 61.0% of the fund, so it behaves like a portfolio of about 20 equally weighted stocks. The biggest positions are The Boeing Company (8.46%), General Electric Company (8.21%), RTX Corporation (8.06%), Space Exploration Technologies Corp. (7.49%), Palantir Technologies Inc. (7.32%).
By sector, Industrials is 74.3%, Other is 12.3%, Technology is 11.7%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 22, 2026; positions change as the fund rebalances.
Related: MISL chart, MISL performance, MISL dividends, MISL valuation, MISL overview.
MISL holdings FAQ
How many holdings does MISL have?
MISL holds 44 positions as of October 22, 2026.
What are the top 10 holdings of MISL?
The ten largest holdings are The Boeing Company (8.46%), General Electric Company (8.21%), RTX Corporation (8.06%), Space Exploration Technologies Corp. (7.49%), Palantir Technologies Inc. (7.32%), Northrop Grumman Corporation (4.52%), General Dynamics Corporation (4.36%), Lockheed Martin Corporation (4.26%), L3Harris Technologies, Inc. (4.18%), HEICO Corporation (4.15%). Together they are 61.0% of the fund.
What percentage of MISL is The Boeing Company?
The Boeing Company is the largest holding at 8.46% of net assets, about $56.5M of the fund's $667.1M.
Which sector is the largest in MISL?
Industrials is the largest sector at 74.3%, followed by Other (12.3%) and Technology (11.7%), based on the sectors of the individual holdings.
How concentrated is MISL?
The top 10 holdings are 61.0% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) MISL behaves like a portfolio of about 20 equally weighted stocks.