RBLD

First Trust Alerian US NextGen Infrastructure ETF

RBLD tracks the Alerian U.S. NextGen Infrastructure Index, which includes common stocks and REITs enganged in infrastructure-related industries.


Global

EQUITY

Passive

MANAGEMENT STYLE

65 bp

EXPENSES

$56.6 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 13, 2008
Assets (mns)$57
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
REGAL BELOIT CORP 1.4 %
AMERICAN WATER WORKS CO INC 1.1 %
LENNOX INTERNATIONAL INC 1.1 %
TARGA RESOURCES CORP 1.1 %
KINDER MORGAN INC 1.1 %
AMERICAN TOWER CORP-CL A 1.1 %
SOUTHERN CO 1.1 %
CARRIER GLOBAL CORP. 1.1 %
GODADDY, INC. CLASS A 1.1 %
CHENIERE ENERGY INC 1.1 %
Constituent Breakdown
Number of holdings624
Herfindahl-Hirschman Index 102
Wgt avg mkt cap (mns)$40,259
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 94.7 %
IRELAND 3.1 %
BRITAIN 1.9 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 6.3% 15.3% 14.6% 5.4% 5.9% 3.2% 7.1%
Volatility 11.9% 13.2% 17.5% 17.1% 21.3% 19.0% --
Market Correlations
versus...BetaR-squared
S&P 5000.8579%
MSCI EAFE0.9185%
MSCI Emg Mkts0.6848%
Liquidity Measures
Avg. volume (000)1
Turnover0.1%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$50,488
Technical Indicators
Recent close$62.67
30d moving avg.$61.00
Annualized volatility17.2%
Relative strength (RSI)50
Short interest (ETF)1.0%
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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Risk and Returns: RBLD vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
2.4 18.1 2.8 2.2% --
Based on closing prices from 7/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
RBLD



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

RBLD

5.0%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.0%
Recommendation

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.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 3.9% and a standard deviation of 4.7%. RBLD's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places RBLD in the 59th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
RBLD
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Passive
Global Equity ETFs
# of ETFs 53
Avg. Expense Ratio 50.8 bp
Std. Deviation 22.4 bp
RBLD (65 bp) Percentile rank 74
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
RBLD 65.0 13.7 78.7
Peer Avg. 41.4 15.1 56.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .