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
$ 9.6 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 +
| MICROSOFT CORP | 9.9 % |
| AMAZON.COM INC | 9.1 % |
| APPLE INC | 8.5 % |
| NVIDIA CORP | 8.0 % |
| ALPHABET INC. CLASS A | 7.9 % |
| BROADCOM INC. | 4.1 % |
| META PLATFORMS INC | 3.9 % |
| ELI LILLY & CO | 3.8 % |
| AMGEN INC | 3.7 % |
| AMPHENOL CORP-CL A | 3.6 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 504 |
| Wgt avg mkt cap (mns) | $1,865,984 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
IRELAND | 6.1 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.9% | 15.0% | -- | -- | -- | -- | -- | 18.7% |
| Dividend Yield | 0.0% | 0.0% | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | 4.9% | 15.0% | -- | -- | -- | -- | -- | 18.7% | Ann. Volatility | 18.4% | 17.3% | -- | -- | -- | -- | -- | 21.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.27 | 89% |
| MSCI EAFE | 0.76 | 48% |
| MSCI Emg Mkts | 0.51 | 51% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $31.46 |
| Relative strength (RSI) | 54 |
| MACD/Signal | -0.11/-0.08 |
| Bollinger Bands (Upper/Lower) | $32.63/$30.60 |
| Short interest (% of AUM) | 0.7% |
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 | 63.5% | +15 bp | -0.5% |
| GROZ | Zacks Focus Growth ETF | 63.5% | -5 bp | +0.2% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 62.4% | -46 bp | +1.6% |
| MGK | Vanguard Mega Cap Growth ETF | 61.3% | -53 bp | +1.2% |
| VUG | Vanguard Growth ETF | 58.7% | -56 bp | +1.1% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 57.6% | -32 bp | +0.7% |
| XLG | Invesco S&P 500 Top 50 ETF | 56.9% | -40 bp | +1.2% |
| PRXG | Praxis Impact Large Cap Growth ETF | 56.7% | -24 bp | +0.8% |
| SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | 55.4% | -56 bp | +0.7% |
| VOOG | Vanguard S&P 500 Growth ETF | 55.3% | -53 bp | +0.7% |
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 8/2/2026
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
3.4%
ALTAR SCORE™
16th
PERCENTILE
AVOID
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.0%. RND's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places RND in the 16th percentile
among funds in the category.
Sell-Side Consensus
$36.32
PRICE TARGET
+13.9%
UPSIDE