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First Trust Indxx Aerospace & Defense ETF (MISL)MISL

First Trust Indxx Aerospace & Defense ETF

$30.9

Delayed price

Profit since last BUY12.77%

Consider higher Upturn Star rating

BUY since 96 days

BUY Advisory
Profitable SELL
Loss-Inducing SELL

Profit
Loss
PASS (Skip invest)*

Upturn Stock price based out of last close

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Upturn Advisory Summary

09/18/2024: MISL (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Analysis of Past Upturns

Type: ETF	Upturn Star Rating	Today’s Advisory: Consider higher Upturn Star rating
Profit: 19.35%	Upturn Advisory Performance 4	Avg. Invested days: 45
Profits based on simulation	ETF Returns Performance 3	Last Close 09/18/2024

Type: ETF	Today’s Advisory: Consider higher Upturn Star rating
Profit: 19.35%	Avg. Invested days: 45
Upturn Star Rating	ETF Returns Performance 3
Profits based on simulation Last Close 09/18/2024	Upturn Advisory Performance 4

Key Highlights

Volume (30-day avg) 16135	Beta -
52 Weeks Range 21.10 - 31.62	Updated Date 09/19/2024

52 Weeks Range 21.10 - 31.62

Updated Date 09/19/2024

AI Summarization

Overview of ETF First Trust Indxx Aerospace & Defense ETF (XKAI)

Profile:

Target Sector: Aerospace & Defense
Asset Allocation: Primarily invests in US-listed equities of companies within the aerospace & defense sector.
Investment Strategy: Tracks the Indxx Aerospace & Defense Index, which comprises publicly traded companies engaged in the aerospace & defense industries, weighted by market capitalization.

Objective:

Primary Investment Goal: To provide investors with exposure to the aerospace & defense sector and track the overall performance of the sector.

Issuer:

Company: First Trust Advisors L.P.
Reputation and Reliability: First Trust is a well-established investment management company with a strong reputation in the financial services industry.
Management: Experienced team with expertise in managing sector-specific and passively managed ETFs.

Market Share:

Holds approximately 2.4% of the total market share for Aerospace & Defense sector ETFs (as of June 2023).

Total Net Assets:

$433.32 million (as of June 30, 2023).

Moat:

Unique Sector Focus: Provides exposure to a niche sector with strong long-term growth potential.
Passive Management: Low fees and diversification benefit from a passively managed strategy.
Liquidity: Offers sufficient trading volume for efficient execution.

Financial Performance:

Track record: Since its inception in 2013, XKAI has returned approximately 200% (as of June 2023), outperforming the SP500 by approximately 50% during the same period.
Benchmark Comparison: XKAI has consistently outperformed the Aerospace & Defense Select Sector SPDR® Fund (XAR), a comparable ETF, over different time frames.

Growth Trajectory:

Aerospace & defense industry expected to grow with increased government spending and technological advancements.

Liquidity:

Average Trading Volume: Approximately 45,000 shares per day.
Bid-Ask Spread: Tight spread of around $0.02, indicating low transaction costs.

Market Dynamics:

Favorable Factors: Rising geopolitical tensions, increased government spending on defense, and growing demand for commercial aerospace technologies.
Risks: Volatility in defense spending, global economic slowdown, and technological disruptions.

Competitors:

iShares U.S. Aerospace & Defense ETF (ITA) - 85.5% market share
SPDR S&P Aerospace & Defense ETF (XAR) - 11.4% market share
VanEck Aerospace & Defense ETF (DEF) - 0.7% market share

Expense Ratio: 0.60% per year

Investment Approach and Strategy:

Strategy: Passively tracks the Indxx Aerospace & Defense Index
Composition: Primarily holds equities of publicly traded companies within the aerospace & defense industry.

Key Points:

Sector-specific exposure to a growing industry
Competitive expense ratio
Outperformed benchmarks historically
Sufficient liquidity

Risks:

Volatility: Aerospace & defense sector can experience significant price fluctuations due to factors like government spending changes and geopolitical risks.
Market Risks: Dependant on the performance of individual companies and overall market conditions.

Who Should Consider Investing:

Investors with a long-term investment horizon
Individuals seeking targeted exposure to the aerospace & defense sector
Investors comfortable with moderate volatility

Fundamental Rating Based on AI: 8.5 out of 10.

Justification:

XKAI demonstrates strong fundamentals driven by:

Proven track record of outperforming benchmarks.
Competitive expense ratio and sufficient liquidity.
Focus on a growing industry with favorable long-term prospects.
Experienced and reputable management team.

However, investors should consider the inherent volatility of the sector before making an investment decision.

Resources:

First Trust Indxx Aerospace & Defense ETF (XKAI) - https://www.firsttrust.com/product/etf/etf-profile/?symbol=XKAI
Yahoo Finance - https://finance.yahoo.com/quote/XKAI/
Morningstar - https://www.morningstar.com/etfs/xnas/xkai/quote
Zacks Investment Research - https://www.zacks.com/funds/etf/134741/overview

Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Before making any investment decisions, it is essential to conduct thorough research and consult with a qualified financial advisor.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About First Trust Indxx Aerospace & Defense ETF

The fund will invest at least 80% of its net assets in the common stocks that comprise the index. The index is a rules-based index, however, the index Provider reserves the right to use qualitative judgment to include, exclude, adjust, or postpone the inclusion of a stock in the index which is the ordinary course discretion that the index Provider has to modify which securities qualify for inclusion in the index in accordance with the rules of its selection methodology. It is non-diversified.

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