---
ticker: "MISL"
name: "First Trust Indxx Aerospace & Defense ETF"
url: "https://etf.net/etf/MISL"
grade: "C"
score: 51
graded_at: "2026-10-12"
category: "Defense & Aerospace"
category_rank: "10 of 26"
methodology: "https://etf.net/methodology"
---

# MISL: First Trust Indxx Aerospace & Defense ETF

Grade **C**, Score 51 of 100. Rank 10 of 26 in Defense & Aerospace.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 34 | 17 of 26 |
| Mission | Not scored | — |
| Risk | 55 | 11 of 26 |
| Tradability | 83 | 4 of 26 |
| Holdings | 39 | 18 of 26 |
| Durability | 84 | 4 of 26 |

## Top holdings

The fund holds 40 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PLTR | Palantir Technologies Inc. (Class A) | 13.89% |
| 2 | SPCX | Space Exploration Technologies Corp. (Class A) | 9.42% |
| 3 | RTX | RTX Corporation | 8.00% |
| 4 | GE | GE Aerospace | 7.23% |
| 5 | BA | The Boeing Company | 7.21% |
| 6 | LMT | Lockheed Martin Corporation | 4.10% |
| 7 | NOC | Northrop Grumman Corporation | 3.75% |
| 8 | GD | General Dynamics Corporation | 3.72% |
| 9 | TDG | TransDigm Group Incorporated | 3.61% |
| 10 | HEI | HEICO Corporation | 3.58% |
| 11 | RKLB | Rocket Lab Corporation | 3.54% |
| 12 | HWM | Howmet Aerospace Inc. | 3.50% |
| 13 | LHX | L3Harris Technologies, Inc. | 3.43% |
| 14 | WWD | Woodward, Inc. | 2.27% |
| 15 | ASTS | AST SpaceMobile, Inc. | 2.24% |
| 16 | CW | Curtiss-Wright Corporation | 2.15% |
| 17 | FTAI | FTAI Aviation Ltd. | 1.98% |
| 18 | LDOS | Leidos Holdings, Inc. | 1.74% |
| 19 | CACI | CACI International Inc. | 1.53% |
| 20 | TXT | Textron Inc. | 1.46% |
| 21 | MOG.A | Moog Inc. | 1.31% |
| 22 | HII | Huntington Ingalls Industries, Inc. | 1.18% |
| 23 | DRS | Leonardo DRS, Inc. | 1.10% |
| 24 | KTOS | Kratos Defense & Security Solutions, Inc. | 0.90% |
| 25 | AVAV | AeroVironment, Inc. | 0.79% |
| 26 | HXL | Hexcel Corporation | 0.73% |
| 27 | LOAR | Loar Holdings Inc. | 0.66% |
| 28 | SAIC | Science Applications International Corporation | 0.65% |
| 29 | PSN | Parsons Corporation | 0.55% |
| 30 | MRCY | Mercury Systems, Inc. | 0.54% |

Source: etf.net, https://etf.net/etf/MISL. Please cite the page URL.