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
$ 4.6 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 +
| AMAZON.COM INC | 8.9 % |
| ALPHABET INC. CLASS A | 8.5 % |
| NVIDIA CORP | 8.4 % |
| MICROSOFT CORP | 8.1 % |
| APPLE INC | 7.5 % |
| BROADCOM INC. | 4.8 % |
| META PLATFORMS INC | 4.2 % |
| TESLA MOTORS INC | 3.6 % |
| ELI LILLY & CO | 3.4 % |
| AMGEN INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 484 |
| Wgt avg mkt cap (mns) | $1,762,910 |
| Large cap (>$10bn) | 98.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.2 % |
 |
IRELAND | 5.7 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.0% | 32.6% | -- | -- | -- | -- | -- | 19.1% |
| Dividend Yield | 0.0% | 0.0% | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | 1.0% | 32.6% | -- | -- | -- | -- | -- | 19.1% | Ann. Volatility | 18.6% | 16.4% | -- | -- | -- | -- | -- | 22.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.24 | 89% |
| MSCI EAFE | 0.72 | 41% |
| MSCI Emg Mkts | 0.62 | 48% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| 30d moving avg. (EMA) | $29.64 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.61/0.56 |
| Bollinger Bands (Upper/Lower) | $31.88/$27.87 |
| 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 |
|---|---|---|---|---|
| MGK | Vanguard Mega Cap Growth ETF | 61.4% | -53 bp | +1.1% |
| VUG | Vanguard Growth ETF | 60.7% | -56 bp | +1.0% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 59.9% | -46 bp | +1.7% |
| IWY | iShares Russell Top 200 Growth ETF | 59.7% | -40 bp | +1.3% |
| IWF | iShares Russell 1000 Growth ETF | 58.6% | -41 bp | +1.2% |
| PRXG | Praxis Impact Large Cap Growth ETF | 58.5% | -24 bp | +0.8% |
| VONG | Vanguard Russell 1000 Growth ETF | 58.3% | -53 bp | +1.3% |
| PJFG | PGIM Jennison Focused Growth ETF | 57.6% | +15 bp | -0.5% |
| QQQ | Invesco QQQ Trust Series I | 57.5% | -40 bp | +0.8% |
| QQQM | Invesco NASDAQ 100 ETF | 57.4% | -45 bp | +0.8% |
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 5/2/2026
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
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
3.2%
ALTAR SCORE™
15th
PERCENTILE
AVOID
ETFRC RATING
There are 1,169 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. RND's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places RND in the 15th percentile
among funds in the category.
Sell-Side Consensus
$36.93
PRICE TARGET
+19.7%
UPSIDE