First Trust RBA American Industrial Renaissance ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.3x P/Sales
ratio
0.8x
P/BV
ratio
1.8x Div.
yield
1.2%


  • 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 10, 2014
Assets (mns) $44
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) $2,198
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 36.2%
Small cap (<$2bn) 63.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COMFORT SYSTEMS USA INC 3.5 %
GENERAC HOLDINGS INC 3.4 %
EMCOR GROUP INC 3.2 %
DOUGLAS DYNAMICS INC 3.1 %
US ECOLOGY INC 3.1 %
FEDERAL SIGNAL CORP 3.0 %
PROTO LABS INC 3.0 %
MUELLER WATER PRODUCTS INC-A 3.0 %
SPX CORP 3.0 %
QUANTA SERVICES INC 3.0 %
Total 31.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.7% -6.8% 7.5% -- 4.0%

Market Correlations
versus... Beta R-squared
S&P500 1.28 80%
MSCI EAFE 1.36 76%
MSCI Emg. Mkts. 0.91 56%

Technical Indicators
Recent close $26.47
30d moving avg. $24.23
Annualized volatility 24.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.1%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.7%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $621

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust RBA American Industrial Renaissance ETF 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™: 6.7%


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
(%)
PSCI Invesco S&P SmallCap Industrials ETF 12.8 29 41 6.0 -0.7
PAVE Global X U.S. Infrastructure Development ETF 11.4 47 23 5.4 -1.3
FLM First Trust Global Engineering & Construction ETF 9.9 70 0 9.1 +2.4
EVX VanEck Vectors Environmental Services ETF 8.3 55 15 4.1 -2.6
IFRA iShares U.S. Infrastructure ETF 8.0 40 30 5.7 -1.0
SIMS SPDR S&P Kensho Intelligent Structures ETF 7.2 45 25 5.6 -1.1
FDM First Trust Dow Jones Select Microcap Index Fund 6.8 60 10 7.1 +0.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 6.2 60 10 10.6 +3.9
XSLV Invesco S&P SmallCap Low Volatility ETF 6.0 25 45 5.8 -0.9
FYT First Trust Small Cap Value AlphaDEX Fund 5.9 72 -2 9.7 +3.0
EQWM Invesco S&P MidCap Quality ETF 5.9 25 45 6.1 -0.6
PXMV Invesco S&P MidCap Value with Momentum ETF 5.8 39 31 9.7 +2.9
PLCY EventShares U.S. Legislative Opportunities ETF 5.8 75 -5 3.4 -3.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 5.6 35 35 7.8 +1.1
PRN Invesco DWA Industrials Momentum ETF 5.4 60 10 2.8 -3.9
OSCV Opus Small Cap Value Plus ETF 5.4 79 -9 5.1 -1.6
XSHQ Invesco S&P SmallCap Quality ETF 5.3 29 41 6.3 -0.5
BUY USCF SummerHaven SHPEI Index Fund 5.1 80 -10 9.1 +2.4
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 5.1 63 7 6.2 -0.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 5.0 35 35 3.9 -2.9
PKB Invesco Dynamic Building & Construction ETF 5.0 60 10 6.3 -0.4
PBW Invesco WilderHill Clean Energy ETF 4.8 70 0 -2.5 -9.2
XMMO Invesco S&P MidCap Momentum ETF 4.7 39 31 4.4 -2.4
EES WisdomTree SmallCap Earnings Fund 4.7 38 32 10.6 +3.9
FYX First Trust Small Cap Core AlphaDEX Fund 4.5 63 7 6.3 -0.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 4.5 35 35 7.9 +1.2
FIW First Trust Water ETF 4.4 55 15 3.6 -3.1
CSML IQ Chaikin U.S. Small Cap ETF 4.4 35 35 3.7 -3.0
KRE SPDR S&P Regional Banking ETF 4.4 35 35 11.2 +4.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 4.3 70 0 3.9 -2.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 4.2 39 31 9.5 +2.7
AFSM First Trust Active Factor Small Cap ETF 4.0 75 -5 5.3 -1.4
IWN iShares Russell 2000 Value ETF 4.0 24 46 6.9 +0.2
IJS iShares S&P Small-cap 600 Value ETF 3.9 25 45 8.4 +1.7
SLYV SPDR S&P 600 Small Cap Value ETF 3.9 15 55 8.5 +1.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 3.8 15 55 8.5 +1.8
FNK First Trust Mid Cap Value AlphaDEX Fund 3.8 70 0 10.8 +4.1
JKL iShares Morningstar Small Cap Value ETF 3.8 30 40 10.0 +3.3
CALF Pacer US Small Cap Cash Cows 100 ETF 3.7 59 11 10.5 +3.8
EZM WisdomTree U.S. MidCap Earnings Fund 3.6 38 32 8.8 +2.1
VAMO Cambria Value & Momentum ETF 3.5 64 6 6.6 -0.1
PHO Invesco Water Resources ETF 3.5 60 10 3.4 -3.3
KBWR Invesco KBW Regional Banking ETF 3.4 35 35 11.4 +4.6
SQLV Legg Mason Small-Cap Quality Value 3.4 62 8 7.4 +0.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 3.4 29 41 6.0 -0.7
DES WisdomTree U.S. SmallCap Dividend Fund 3.4 38 32 8.2 +1.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.4 80 -10 5.1 -1.6
VTWV Vanguard Russell 2000 Value Index Fund 3.3 15 55 7.1 +0.4
RNSC Small Cap US Equity Select ETF 3.3 60 10 7.0 +0.2
KBE SPDR S&P Bank ETF 3.3 35 35 11.4 +4.7
BFOR Barron's 400 ETF 3.2 65 5 6.1 -0.6
SLY SPDR S&P 600 Small Cap ETF 3.2 15 55 6.5 -0.2
SPSM SPDR Portfolio Small Cap ETF 3.2 5 65 6.7 -0.1
IJR iShares Core S&P Small Cap ETF 3.2 7 63 6.6 -0.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 3.1 25 45 6.2 -0.5
VIOO Vanguard S&P Small-Cap 600 ETF 3.1 10 60 6.6 -0.1
RWK Invesco S&P MidCap 400 Revenue ETF 3.1 39 31 7.7 +0.9
AVUV Avantis U.S. Small Cap Value ETF 3.1 25 45 8.4 +1.7
PRNT The 3D Printing ETF 3.1 66 4 1.0 -5.7
ARKQ Ark Industrial Innovation ETF 3.1 75 -5 0.8 -5.9
ARKK ARK Innovation ETF 3.1 75 -5 -2.7 -9.4
FNX First Trust Mid Cap Core AlphaDEX Fund 3.1 61 9 6.4 -0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 3.1 20 50 4.9 -1.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.0 17 53 4.9 -1.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 3.0 24 46 6.6 -0.2
DVP Deep Value ETF 3.0 59 11 12.5 +5.8
DVLU First Trust Dorsey Wright Momentum & Value ETF 3.0 60 10 8.3 +1.6
IJK iShares S&P Mid-Cap 400 Growth ETF 3.0 24 46 4.7 -2.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 3.0 15 55 4.8 -1.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 3.0 15 55 4.7 -2.0
NIFE Direxion Fallen Knives ETF 2.9 50 20 2.3 -4.5
IWC iShares Micro-Cap ETF 2.9 60 10 -3.5 -10.3
IWM iShares Russell 2000 ETF 2.9 19 51 3.5 -3.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 2.9 39 31 6.5 -0.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 2.9 12 58 7.3 +0.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 2.9 35 35 9.0 +2.3
ISMD Inspire Small/Mid Cap Impact ETF 2.8 60 10 6.0 -0.7
VBR Vanguard Small Cap Value Index Fund 2.8 7 63 8.1 +1.4
VTWO Vanguard Russell 2000 Index Fund 2.8 10 60 3.6 -3.1
MOTO SmartETFs Smart Transportation & Technology ETF 2.8 68 2 7.2 +0.5
JSML Janus Henderson Small Cap Growth Alpha ETF 2.8 30 40 7.3 +0.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 2.8 39 31 4.0 -2.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 2.8 29 41 0.0 -6.7
SCHA Schwab U.S. Small-Cap ETF 2.8 4 66 4.4 -2.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 2.8 40 30 6.3 -0.4
FSMD Fidelity Small-Mid Factor ETF 2.7 29 41 6.7 -0.0
NUSC Nuveen ESG Small-Cap ETF 2.7 40 30 4.9 -1.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 2.7 6 64 5.0 -1.7
FYC First Trust Small Cap Growth AlphaDEX Fund 2.6 70 0 1.8 -4.9
AFMC First Trust Active Factor Mid Cap ETF 2.6 65 5 5.9 -0.8
XKCP SPDR Kensho Clean Power ETF 2.6 45 25 0.2 -6.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 2.6 40 30 6.8 +0.1
GIGE SoFi Gig Economy ETF 2.5 59 11 -0.7 -7.4
FIDU Fidelity MSCI Industrials Index ETF 2.5 8 62 5.6 -1.1
FAB First Trust Multi Cap Value AlphaDEX Fund 2.4 71 -1 9.7 +3.0
IJT iShares S&P Small-Cap 600 Growth ETF 2.4 25 45 5.0 -1.8
SLYG SPDR S&P 600 Small Cap Growth ETF 2.4 15 55 5.1 -1.7
VIS Vanguard Industrials Index Fund 2.4 10 60 5.5 -1.2
JHMI John Hancock Multifactor Industrials ETF 2.4 40 30 5.6 -1.1
MDY SPDR S&P Midcap 400 ETF Trust 2.4 23 47 6.2 -0.6

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

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
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 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.51
 
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.