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
$55.6 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 13, 2008 |
| Assets (mns) | $56 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
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 holdings | 624 |
| 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)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| 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... | Beta | R-squared |
| S&P 500 | 0.85 | 79% |
| MSCI EAFE | 0.91 | 85% |
| MSCI Emg Mkts | 0.68 | 48% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $50,488 |
Technical Indicators
| Recent close | $61.58 |
| 30d moving avg. | $61.00 |
| Annualized volatility | 17.2% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RBLD |
Expenses vs. RBLD |
ALTAR Score™ vs. RBLD |
|---|---|---|---|---|
| TPHD | Timothy Plan High Dividend Stock ETF | 32.6% | -13 bp | +1.1% |
| TPHE | Timothy Plan High Dividend Stock Enhanced ETF | 32.5% | -11 bp | +1.1% |
| IFRA | iShares U.S. Infrastructure ETF | 32.1% | -35 bp | +1.2% |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 31.9% | -25 bp | -1.5% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 31.2% | -25 bp | +0.9% |
| XLU | Utilities Select Sector SPDR Fund | 31.2% | -56 bp | +0.8% |
| VPU | Vanguard Utilities ETF | 31.2% | -55 bp | +0.9% |
| FUTY | Fidelity MSCI Utilities Index ETF | 31.2% | -57 bp | +0.9% |
| IDU | iShares U.S. Utilities ETF | 31.1% | -25 bp | +0.2% |
| JXI | iShares Global Utilities ETF | 30.3% | -22 bp | +1.2% |
Risk and Returns: RBLD 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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
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
5.1%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.1% |
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 4.0% and a standard deviation of
4.8%. 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
Recent Trends
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 .