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
4.5 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) | $4,490 |
| 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 +
| COMFORT SYSTEMS USA INC | 3.8 % |
| C.H. ROBINSON WORLDWIDE INC | 3.4 % |
| EMCOR GROUP INC | 3.3 % |
| KRATOS DEFENSE & SECURITY | 3.2 % |
| AAON INC | 3.2 % |
| BWX TECHNOLOGIES, INC. | 3.2 % |
| HUNTINGTON INGALLS INDUSTRIE | 3.1 % |
| DYCOM INDUSTRIES INC | 3.1 % |
| CORE & MAIN, INC. CLASS A | 3.0 % |
| APPLIED INDUSTRIAL TECH INC | 3.0 % |
Constituent Breakdown
| Number of holdings | 53 |
| Herfindahl-Hirschman Index | 237 |
| Wgt avg mkt cap (mns) | $8,913 |
| Large cap (>$10bn) | 26.6% |
| Mid cap ($2-10bn) | 62.1% |
| Small cap (<$2bn) | 10.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.0 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.2% | 16.7% | 26.5% | 26.2% | 28.7% | 17.4% | -- | 14.0% |
| Dividend Yield | 0.0% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | -- | 0.2% |
| Total Returns | 13.2% | 16.8% | 26.6% | 26.4% | 28.8% | 17.7% | -- | 14.2% | Ann. Volatility | 29.7% | 28.0% | 25.5% | 25.3% | 25.3% | 26.0% | -- | 25.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 59% |
| MSCI EAFE | 0.90 | 29% |
| MSCI Emg Mkts | 0.46 | 8% |
Liquidity Measures
| Avg. volume (000) | 674 |
| ADV traded (mns) | $58 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| Recent close | $86.18 |
| 30d moving avg. | $83.89 |
| Annualized volatility | 27.0% |
| Relative strength (RSI) | 60 |
| Short interest | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 22.1% | -10 bp | +1.9% |
| PSCI | Invesco S&P SmallCap Industrials ETF | 20.1% | -41 bp | +5.5% |
| PKB | Invesco Building & Construction ETF | 18.3% | -8 bp | +4.7% |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 16.1% | -9 bp | +6.6% |
| SMCO | Hilton Small-MidCap Opportunity ETF | 13.8% | -15 bp | +4.3% |
| XAR | SPDR S&P Aerospace & Defense ETF | 13.2% | -35 bp | +1.9% |
| RFG | Invesco S&P Midcap 400 Pure Growth ETF | 12.6% | -35 bp | +5.2% |
| XTN | SPDR S&P Transportation ETF | 12.4% | -35 bp | +5.0% |
| XMMO | Invesco S&P MidCap Momentum ETF | 11.9% | -36 bp | +5.6% |
| HWAY | Themes US Infrastructure ETF | 11.7% | -41 bp | +6.2% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 8/5/2025
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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
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
4.7%
Cat. Avg
4.4%
ALTAR Score™ Calculation
Category Overview
There are 373 funds in the Global Equity category, with an average ALTAR Score™
of 4.4% and a standard deviation of
3.4%. AIRR's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places AIRR in the 53rd 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 |
| (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 | 0.0 | 70 |
| Peer Avg. | 53.9 | 33.7 | 87.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .