First Trust RBA American Industrial RenaissanceTM ETF (AIRR)
ETF overview
AIRR is passively managed to select large- and midcap US companies from the Russel 2500 with the following industries: Commercial Services & Supplies, Construction & Engineering, Electrical Equipment, Machinery, and Banks. Firms must also have a positive 12-months forward earnings consensus estimate to be considered in the index. AIRR excludes community banks outside traditional mid-western manufacturing hubs, like Pennsylvania, Wisconsin, Michigan, Ohio, Illinois, Indiana and Iowa. Firms with non-US sales of more than 25% are also excluded. The index is weighted using proprietary portfolio optimization method and ensures that Banks will have a 10% sector cap and issuers will not exceed a 4% weight. The Index is reconstituted and rebalanced quarterly.
Fund facts
- Expense ratio
- 0.69%
- Fund assets
- 8.48B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Mar 10, 2014
- Number of holdings
- 55
Breakdown
Holdings (55)
| Name | Ticker | Weight |
|---|---|---|
| C.H. Robinson Worldwide, Inc. | CHRW | 3.71% |
| Dycom Industries, Inc. | DY | 3.44% |
| BWX Technologies, Inc. | BWXT | 3.39% |
| Kratos Defense & Security Solutions, Inc. | KTOS | 3.38% |
| RBC Bearings Incorporated | RBC | 3.28% |
| Forgent Power Solutions, Inc. (Class A) | FPS | 3.26% |
| Karman Holdings Inc. | KRMN | 3.21% |
| Sterling Infrastructure, Inc. | STRL | 3.20% |
| Nextpower Inc. (Class A) | NXT | 3.13% |
| Owens Corning | OC | 3.09% |
| and 42 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
First Trust RBA American Industrial RenaissanceTM ETF (AIRR)
- Expense ratio
- 0.69%
- Fund assets
- 8.48B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Mar 10, 2014
- Number of holdings
- 55
| Name | Ticker | Weight |
|---|---|---|
| C.H. Robinson Worldwide, Inc. | CHRW | 3.71% |
| Dycom Industries, Inc. | DY | 3.44% |
| BWX Technologies, Inc. | BWXT | 3.39% |
| Kratos Defense & Security Solutions, Inc. | KTOS | 3.38% |
| RBC Bearings Incorporated | RBC | 3.28% |
| Forgent Power Solutions, Inc. (Class A) | FPS | 3.26% |
| Karman Holdings Inc. | KRMN | 3.21% |
| Sterling Infrastructure, Inc. | STRL | 3.20% |
| Nextpower Inc. (Class A) | NXT | 3.13% |
| Owens Corning | OC | 3.09% |
| and 42 more | ||
AIRR is passively managed to select large- and midcap US companies from the Russel 2500 with the following industries: Commercial Services & Supplies, Construction & Engineering, Electrical Equipment, Machinery, and Banks. Firms must also have a positive 12-months forward earnings consensus estimate to be considered in the index. AIRR excludes community banks outside traditional mid-western manufacturing hubs, like Pennsylvania, Wisconsin, Michigan, Ohio, Illinois, Indiana and Iowa. Firms with non-US sales of more than 25% are also excluded. The index is weighted using proprietary portfolio optimization method and ensures that Banks will have a 10% sector cap and issuers will not exceed a 4% weight. The Index is reconstituted and rebalanced quarterly.
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