RNDM First Trust Developed International Equity Select ETF
What is RNDM?
RNDM tracks an index of developed international ex-US equities, selected for low volatility and weighted according to a tiered methodology: first market-cap followed by modified equal weights.
RNDM Factset Analytics Insight
RNDM follows an index of developed market equity, excluding the United States. The index uses a multi-step process to determine the final portfolio composition. First, securities are grouped from the parent index, the NASDAQ Developed Markets Ex-US Large Mid Cap Index, according to their country designation. Next, within each country, securities are ranked based on trailing 12-month volatility. The 25 securities with the lowest volatility from each country are selected, with country and sector weights applied that mimic the parent index’s construction. Individual securities are equally weighted within each sector. By applying these screening measures, RNDM attempts to reduce the overall risk of the portfolio by exposing the investor to global equities with reduced volatility. Because RNDM pulls from a universe of large- and midcap stocks, exposure to the small-cap space will be minimal, at best.
RNDM Summary Data
Peers
Fund Flows
RNDM Portfolio Data
RNDM Index Data
RNDM Portfolio Management
RNDM Tax Exposures
RNDM Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RNDM. RNDM is rated a 4 out of 5.
RNDM Tradability
RNDM Sector/Industry Breakdown
Benchmark
RNDM Top 10 Holdings
RNDM Performance Statistics
RNDM Countries
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RNDM Regions
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RNDM Economic Development
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RNDM Benchmark Comparison Summary
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RNDM Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.