RND
First Trust Bloomberg R&D Leaders ETF
RND tracks a market cap-weighted index of 30-50 US stocks with substantial expenditures dedicated to research and development.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
2.5 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 29, 2024 |
| Assets (mns) | $3 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AMAZON.COM INC | 8.8 % |
| ALPHABET INC. CLASS A | 8.3 % |
| NVIDIA CORP | 8.0 % |
| APPLE INC | 7.7 % |
| MICROSOFT CORP | 7.5 % |
| TESLA MOTORS INC | 6.0 % |
| BROADCOM INC. | 4.7 % |
| NETFLIX INC | 4.7 % |
| META PLATFORMS INC | 3.9 % |
| ELI LILLY & CO | 3.2 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 465 |
| Wgt avg mkt cap (mns) | $1,147,480 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.6 % |
 |
IRELAND | 2.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.1% | -- | -- | -- | -- | -- | 5.1% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $118,501 |
Technical Indicators
| Recent close | $25.13 |
| 30d moving avg. | $24.73 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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. RND |
Expenses vs. RND |
ALTAR Score™ vs. RND |
|---|---|---|---|---|
| MGK | Vanguard Mega Cap Growth ETF | 61.2% | -53 bp | +0.7% |
| IWY | iShares Russell Top 200 Growth ETF | 60.5% | -40 bp | +1.1% |
| QQQ | Invesco QQQ Trust Series I | 60.2% | -40 bp | +1.0% |
| QQQM | Invesco NASDAQ 100 ETF | 60.2% | -45 bp | +1.0% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 59.7% | -32 bp | +1.2% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 59.6% | -40 bp | +1.0% |
| GQQQ | Astoria US Quality Growth Kings ETF | 59.6% | -25 bp | +1.8% |
| VOOG | Vanguard S&P 500 Growth ETF | 58.9% | -50 bp | +1.0% |
| IVW | iShares S&P 500 Growth ETF | 58.7% | -42 bp | +1.0% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 58.7% | -56 bp | +1.1% |
Risk and Returns: RND 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 12/20/2024
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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
RND
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
RND
3.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. RND's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places RND in the 20nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RNDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| RND (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RND | 60.0 | 0.0 | 60 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .