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
$ 9.8 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | Apr 29, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 8.6 % |
| MICROSOFT CORP | 8.4 % |
| AMAZON.COM INC | 8.0 % |
| NVIDIA CORP | 7.4 % |
| ALPHABET INC. CLASS A | 6.7 % |
| ELI LILLY & CO | 5.1 % |
| TESLA MOTORS INC | 4.7 % |
| BROADCOM INC. | 3.8 % |
| META PLATFORMS INC | 3.5 % |
| MICRON TECHNOLOGY INC | 3.4 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 482 |
| Wgt avg mkt cap (mns) | $2,017,650 |
| Large cap (>$10bn) | 99.8% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 95.5 % |
 |
IRELAND | 4.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.3% | 13.2% | 19.9% | -- | -- | -- | -- | 20.0% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | -- | -- | -- | -- | 0.0% |
| Total Returns | 10.3% | 13.2% | 19.9% | -- | -- | -- | -- | 20.0% | Ann. Volatility | 17.4% | 17.3% | 21.1% | -- | -- | -- | -- | 21.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.26 | 89% |
| MSCI EAFE | 0.76 | 49% |
| MSCI Emg Mkts | 0.49 | 52% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| 30d moving avg. (EMA) | $33.28 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.14/-0.03 |
| Bollinger Bands (Upper/Lower) | $34.63/$32.40 |
| Short interest (% of AUM) | 7.2% |
Distributions
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. RND |
Expenses vs. RND |
ALTAR Score™ vs. RND |
|---|---|---|---|---|
| PJFG | PGIM Jennison Focused Growth ETF | 62.4% | +15 bp | -1.3% |
| GROZ | Zacks Focus Growth ETF | 59.5% | +54 bp | -0.5% |
| MGK | Vanguard Mega Cap Growth ETF | 58.2% | -55 bp | +0.4% |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 57.8% | -42 bp | -0.1% |
| IWY | iShares Russell Top 200 Growth ETF | 57.7% | -40 bp | +0.6% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 57.2% | -45 bp | +0.9% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 56.8% | -56 bp | +0.3% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 56.7% | -32 bp | +0.3% |
| SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | 56.7% | -56 bp | +0.5% |
| VOOG | Vanguard S&P 500 Growth ETF | 56.6% | -53 bp | +0.6% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 11/4/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
4.6%
ALTAR SCORE™
32nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,394 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.1%. RND's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places RND in the 32nd percentile
among funds in the category.
Sell-Side Consensus
$41.06
PRICE TARGET
+26.1%
UPSIDE