MISL vs. FEPI ETF Comparison

Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to REX FANG & Innovation Equity Premium Income ETF (FEPI)

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$28.15

Average Daily Volume

19,889

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$54.83

Average Daily Volume

107,174

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	MISL	FEPI
30 Days	7.19%	1.12%
60 Days	6.73%	3.34%
90 Days	9.34%	1.86%
12 Months	29.69%

0 Overlapping Holdings

	Symbol	Grade	Weight in MISL	Weight in FEPI	Overlap

MISL Overweight 10 Positions Relative to FEPI

	Symbol	Grade	Weight
	LMT	B	8.09%
	TDG	C	8.01%
	RTX	B	7.94%
	GD	B	7.81%
	BA	D	7.75%
	LDOS	A	4.37%
	HEI	C	4.24%
	NOC	C	4.17%
	LHX	A	4.14%
	HWM	B	4.08%

MISL Underweight 15 Positions Relative to FEPI

	Symbol	Grade	Weight
	TSLA	D	-7.49%
	NVDA	B	-7.48%
	MU	B	-7.04%
	AAPL	B	-6.98%
	GOOGL	B	-6.93%
	AVGO	C	-6.92%
	NFLX	C	-6.9%
	PANW	C	-6.86%
	AMZN	B	-6.79%
	ADBE	F	-6.61%
	AMD	D	-6.6%
	CRM	D	-6.51%
	MSFT	C	-6.48%
	META	D	-6.18%
	INTC	F	-5.53%

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Communication Equipment Information Technology Services Specialty Industrial Machinery

Keywords: S&P 500 Aerospace Space Systems Aviation Avionics Communications Systems Electronics Aerospace Systems Business Aviation Combat Systems Defense Systems Electronic Systems Information Technology Solutions Intelligence Systems Laser Mission Systems National Security Navigation Systems Radar Spacecraft

FEPI: Top Represented Industries & Keywords

Industries: Semiconductors Software - Application Internet Content & Information Auto Manufacturers Consumer Electronics Media - Diversified Semiconductor Memory Software - Infrastructure Specialty Retail

Keywords: S&P 500 Nasdaq 100 Computing Work From Home Dow Jones Component Mobile Devices Hyperscale Smartphones Software Consumer Electronics Design Manufacturers Laptop Computer Operating System Subscription Services Artificial Intelligence Baseband Baseband Processor CRM Cellular Telephone Cloud Computing