AIRRFirst Trust RBA American Industrial Renaissance ETF
AIRR Fund Description
AIRR tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector.
AIRR Factset Analytics Insight
AIRR is passively managed to select large- and midcap US companies from the Russel 2500 with the following industries: Commercial Services & Supplies, Construction & Engineering, Electrical Equipment, Machinery, and Banks. Firms must also have a positive 12-months forward earnings consensus estimate to be considered in the index. AIRR excludes community banks outside traditional mid-western manufacturing hubs, like Pennsylvania, Wisconsin, Michigan, Ohio, Illinois, Indiana and Iowa. Firms with non-US sales of more than 25% are also excluded. The index is weighted using proprietary portfolio optimization method and ensures that Banks will have a 10% sector cap and issuers will not exceed a 4% weight. The Index is reconstituted and rebalanced quarterly.
AIRR MSCI ESG Analytics Insight
First Trust RBA American Industrial Renaissance ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.38 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust RBA American Industrial Renaissance ETF ranks in the 32nd percentile within its peer group and in the 28th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
AIRR MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
AIRR Summary Data
AIRR Portfolio Data
AIRR Index Data
AIRR Portfolio Management
AIRR Tax Exposures
AIRR Fund Structure
AIRR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AIRR. AIRR is rated a 4 out of 5.
AIRR Sector/Industry Breakdown
AIRR Top 10 Holdings[View All]
AIRR Economic Development
AIRR Performance Statistics
AIRR MSCI ESG Ratings
AIRR Benchmark Comparison Summary
AIRR Benchmark Comparison Market Cap Size