RNDMFirst Trust Developed International Equity Select ETF
RNDM Fund Description
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 MSCI ESG Analytics Insight
First Trust Developed International Equity Select ETF has an MSCI ESG Fund Rating of AAA based on a score of 9.16 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 Developed International Equity Select ETF ranks in the 93th percentile within its peer group and in the 86th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RNDM 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.
RNDM Summary Data
RNDM Portfolio Data
RNDM Index Data
RNDM Portfolio Management
RNDM Tax Exposures
RNDM Fund Structure
RNDM 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 Sector/Industry Breakdown
RNDM Top 10 Holdings[View All]
RNDM Economic Development
RNDM Performance Statistics
RNDM MSCI ESG Ratings
RNDM Benchmark Comparison Summary
RNDM Benchmark Comparison Market Cap Size