AIRR
First Trust RBA American Industrial Renaissance ETF
First Trust RBA American Industrial Renaissance ETF is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond to an index called the Richard Bernstein Advisors American Industrial Renaissance Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
2.8 B
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 10, 2014 |
| Assets (mns) | $2,762 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AAON INC | 3.3 % |
| CORE & MAIN, INC. CLASS A | 3.2 % |
| APPLIED INDUSTRIAL TECH INC | 3.2 % |
| REGAL BELOIT CORP | 3.2 % |
| GRANITE CONSTRUCTION INC | 3.2 % |
| MUELLER INDUSTRIES INC | 3.1 % |
| MDU RESOURCES GROUP INC | 3.1 % |
| ZURN WATER SOLUTIONS CORPORATION | 3.0 % |
| EMCOR GROUP INC | 3.0 % |
| C.H. ROBINSON WORLDWIDE INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 232 |
| Wgt avg mkt cap (mns) | $7,482 |
| Large cap (>$10bn) | 25.9% |
| Mid cap ($2-10bn) | 63.8% |
| Small cap (<$2bn) | 10.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 47.9% | 67.1% | 35.4% | 25.1% | 24.6% | 16.9% | 15.1% | Volatility | 23.4% | 23.6% | 23.4% | 24.5% | 29.8% | 25.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.27 | 63% |
| MSCI EAFE | 1.11 | 47% |
| MSCI Emg Mkts | 0.62 | 15% |
Liquidity Measures
| Avg. volume (000) | 566 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $2,509 |
Technical Indicators
| Recent close | $77.48 |
| 30d moving avg. | $84.09 |
| Annualized volatility | 28.0% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 6.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AIRR |
Expenses vs. AIRR |
ALTAR Score™ vs. AIRR |
|---|---|---|---|---|
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 19.1% | -10 bp | -2.1% |
| RSHO | Tema American Reshoring ETF | 16.2% | +5 bp | -1.6% |
| PKB | Invesco Building & Construction ETF | 16.1% | -8 bp | +1.7% |
| PSCI | Invesco S&P SmallCap Industrials ETF | 14.4% | -41 bp | +0.1% |
| PAVE | Global X U.S. Infrastructure Development ETF | 13.0% | -23 bp | +0.3% |
| FIW | First Trust Water ETF | 12.8% | -17 bp | -0.5% |
| SAWS | AAM Sawgrass US Small Cap Quality Growth ETF | 11.8% | -15 bp | -0.7% |
| PHO | Invesco Water Resources ETF | 11.3% | -10 bp | -0.7% |
| XMMO | Invesco S&P MidCap Momentum ETF | 11.2% | -36 bp | +0.7% |
| RFG | Invesco S&P Midcap 400 Pure Growth ETF | 10.9% | -35 bp | +0.1% |
Risk and Returns: AIRR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
AIRR
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
AIRR
5.3%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. AIRR's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places AIRR in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AIRRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| AIRR (70 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AIRR | 70.0 | 17.0 | 87 |
| Peer Avg. | 51.4 | 32.7 | 84.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .