If you are looking to invest in defense contractor companies, mutual funds may be a wise choice for you. But with so many options available, it can be overwhelming to choose which fund is the best fit for your financial goals. To help you in your search, we have compiled a list of some of the best defense contractor mutual funds on the market.

1. Fidelity Select Defense & Aerospace Portfolio (FSDAX)

The Fidelity Select Defense & Aerospace Portfolio (FSDAX) invests at least 80% of its assets in companies primarily engaged in the research, development, manufacture, distribution, supply, or sale of products or services related to defense or aerospace. This fund has a 5-star Morningstar rating and has outperformed its benchmark over the past five years.

2. T. Rowe Price Aerospace & Defense Fund (PRASX)

The T. Rowe Price Aerospace & Defense Fund (PRASX) invests in companies that are involved in the production, manufacture, or sale of products or services related to the aerospace and defense industries. This fund has a 4-star Morningstar rating and has a track record of strong performance over the long term.

3. iShares U.S. Aerospace & Defense ETF (ITA)

The iShares U.S. Aerospace & Defense ETF (ITA) tracks the Dow Jones U.S. Select Aerospace & Defense Index and invests in companies that are involved in the aerospace and defense industries. This ETF provides investors with exposure to a broad portfolio of companies and has a low expense ratio.

4. Invesco Aerospace & Defense ETF (PPA)

The Invesco Aerospace & Defense ETF (PPA) tracks the SPADE Defense Index and invests in companies that are primarily engaged in the aerospace and defense industries. This ETF has a low expense ratio and provides investors with exposure to a diversified portfolio of companies in the sector.

5. SPDR S&P Aerospace & Defense ETF (XAR)

The SPDR S&P Aerospace & Defense ETF (XAR) tracks the S&P Aerospace & Defense Select Industry Index and invests in companies primarily involved in the aerospace and defense industries. This ETF has a low expense ratio and has outperformed its benchmark over the long term.

Investing in defense contractor mutual funds can be a smart way to diversify your portfolio and take advantage of growth opportunities in the aerospace and defense industries. However, it is important to keep in mind that all investments come with risks and past performance is not indicative of future results. Consult with a financial advisor to determine which mutual fund is the best fit for your financial goals and risk tolerance.