First Trust RBA American Industrial Renaissance
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.9x P/Sales
ratio
0.9x
P/BV
ratio
2.1x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust RBA American Industrial Renaissance ETF is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond to an index called the Richard Bernstein Advisors American Industrial Renaissance Index.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Mar 11, 2014
Assets (mns) $65
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Proprietary
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 57
Wgt avg mkt cap (mns) $2,635
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 44.6%
Small cap (<$2bn) 55.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASTEC INDUSTRIES INC 3.8 %
SPX CORP 3.7 %
ATKORE INTERNATIONAL GROUP INC. 3.6 %
ARCOSA INC 3.4 %
OSHKOSH CORP 3.4 %
GENERAC HOLDINGS INC 3.3 %
CLEAN HARBORS INC 3.1 %
ARGAN INC 3.1 %
HUBBELL INCORPORATED CLASS B 3.0 %
DOUGLAS DYNAMICS INC 3.0 %
Total 33.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
34.0% 34.0% 9.9% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.31 68%
MSCI EAFE 1.21 47%
MSCI Emg. Mkts. 0.73 29%

Technical Indicators
Recent close $29.02
30d moving avg. $29.02
Annualized volatility 19.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $731

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust RBA American Industrial Renaissance ETF based on the alternatives' overlap in portfolio holdings with AIRR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIRR Expense: 70 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIRR
Ticker Fund
Name
Overlap1
vs AIRR
(%)
Expense
ratio
(bp)
Savings
vs AIRR
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIRR
(%)
EVX VanEck Vectors Environmental Services ETF 14.4 56 14 5.0 -0.2
PSCI Invesco S&P Small Cap Industrials 12.2 29 41 6.3 +1.1
TPSC Timothy Plan US Small Cap Core 11.4 52 18 6.6 +1.4
PAVE Global X U.S. Infrastructure Development 10.8 47 23 5.5 +0.3
FLM First Trust ISE Global Engineering & Construction 10.3 70 0 7.8 +2.7
PLCY EventShares US Policy Alpha 10.1 75 -5 3.2 -2.0
XKII SPDR Kensho Intelligent Structures 9.0 45 25 5.9 +0.8
PKB Invesco Dynamic Building & Construction 8.4 60 10 6.8 +1.7
IFRA iShares U.S. Infrastructure 8.0 40 30 5.1 -0.0
CSML IQ Chaikin U.S. Small Cap 7.7 35 35 7.6 +2.4
FIW First Trust ISE Water 7.1 55 15 3.5 -1.7
QABA First Trust NASDAQ ABA Community Bank 6.4 60 10 7.9 +2.8
FDM First Trust DJ Select Microcap 6.3 60 10 6.7 +1.5
DVLU First Trust Dorsey Wright Momentum & Value 6.2 60 10 8.1 +3.0
CSF Compass EMP US Discovery 500 Enhanced Vol. 5.8 35 35 7.0 +1.8
CSA Victory CEMP US Small Cap Volatility Wtd 5.7 35 35 7.0 +1.8
XSVM Invesco S&P SmallCap Value with Momentum 5.6 39 31 8.9 +3.7
PHO Invesco Water Resources 5.1 60 10 3.8 -1.4
VAMO Cambria Value & Momentum 4.9 64 6 6.2 +1.0
FXR First Trust Industrials/Producer Durables 4.7 62 8 6.6 +1.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust RBA American Industrial Renaissance
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.0 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.