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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.90

$1 M

0.00%

0.60%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$20.9
$19.58
$21.05

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.90

$1 M

0.00%

0.60%

RND - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency N/A

Fund Details

  • Legal Name
    First Trust Bloomberg R&D Leaders ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    May 01, 2024
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the total return performance of the Index, which includes dividends paid by the securities in the Index. The Fund will generally employ a full replication strategy, meaning that it will normally invest in all of the securities comprising the Index in proportion to their weightings in the Index. The Index is developed, maintained and sponsored by Bloomberg Index Services Limited (the “Index Provider”). First Trust Advisors L.P., the Fund's investment advisor, maintains no discretion with regard to the compilation and composition of the Index or any changes thereto.According to the Index Provider, the Index is designed to track the performance of companies that seek to return implicit value to shareholders by reinvesting in their own growth. It aims to include companies that have consistently increased their research & development expenditures (“R&D Expenditures”) for at least 3 consecutive years and have a meaningful portion of their sales devoted to R&D Expenditures. Companies incur R&D Expenditures to obtain new products and services in order to generate a future economic benefit. The companies that continue to grow their R&D Expenditures have shown greater sales and net income growth than the market over time.The Index’s starting universe consists of all the securities comprising the Bloomberg US 1000 Index (the “Parent Index”). The Parent Index is composed of the 1,000 U.S.-listed securities of companies with the largest market capitalizations, which includes large- and mid-capitalization companies. The Parent Index includes only common stock and real estate investment trusts. The Index Provider classifies a company as belonging to a certain country through a holistic quantitative analysis that considers the location of the company’s management, the location of the company’s primary listing exchange, the country from which the company derives the most revenue and the company’s reporting currency. One security per issuer is permitted. If an issuer has multiple securities, then the security currently in the Index will take precedence if it has met all other criteria for eligibility. Otherwise, the security with the highest 90-day average daily value traded is eligible for inclusion in the Index. In order to be eligible for inclusion in the Index, a security must have data relating to its R&D Expenditures available for the three prior years and be within the top 90th percentile of the Parent Index in terms of both free float market capitalization and 90-day average daily trading value. “Free float market capitalization” refers to the aggregate market capitalization (meaning share price multiplied by the number of shares readily available in the market) of the securities for a particular issuer. From the remaining eligible securities, all securities issued by companies that have not increased R&D Expenditures for three consecutive years are removed from Index consideration. Lastly, a security must be in the top 90% percentile in the Parent Index in terms of R&D Expenditures to Sale ratio, which is calculated by dividing a company’s revenue for the current year by its R&D Expenditures for the current year. Of the securities that remain after applying these screens, the top 50 securities by issuer free float market capitalization are included in the Index. Each security selected for inclusion in the Index is defined as an "R&D Leader." Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in R&D Leaders.Securities selected for inclusion in the Index are initially weighted based upon issuer free float market capitalization. Those weights are subject to certain weight caps at the time of purchase. For instance, the securities with the five largest free float market capitalizations will have their weight capped at 8%. All other securities will be subject to a weight cap of 4%. Additionally, aggregate exposure to a single sector is capped at 40%, where a sector refers to the Bloomberg Industry Classification Standard (BICS) level 1 sectors. Any excess weight from capping is redistributed proportionally to all the remaining uncapped issuers until there are no issuers with weight greater than 8%, at most five issuers with weight greater than 4%, and no sector with a weight of greater than 40%. While tracking stocks (an equity security issued by a company that tracks the performance of a particular segment or division) are eligible for inclusion in the Index, the Fund expects that substantially all of its investments will be in common stocks. For issuers with multiple securities, the issuer weight is redistributed proportionally based on the free float market capitalization of each security for a given issuer. If there are less than 30 issuers in the Index after all of the screens have been applied, then the R&D Expenditures to Sales screen is relaxed and the issuers with the highest R&D Expenditures to Sales ratio that failed the R&D Expenditures to Sales screen but that passed all of the other screenings are added to the Index until there are 30 issuers selected for inclusion in the Index. If there are still less than 30 issuers in the Index, then the remaining ineligible issuers that passed the Index Provider's investability screening are ranked by their R&D Expenditures and issuers are added to the Index until there are 30 issuers selected for inclusion in the Index.The Index is rebalanced quarterly and reconstituted semi-annually, and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Fund will be concentrated (i.e., invest more than 25% of Fund assets) in an industry or a group of industries to the extent that the Index is so concentrated. As of April 1, 2024, the Index was composed of 49 securities and had significant exposure to health care companies and information technology companies, although this may change from time to time. The Fund's investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of April 1, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”).
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RND - Performance

Return Ranking - Trailing

Period RND Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period RND Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period RND Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period RND Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

RND - Holdings

Concentration Analysis

RND Category Low Category High RND % Rank
Net Assets 1 M N/A N/A N/A
Number of Holdings N/A N/A N/A N/A
Net Assets in Top 10 N/A N/A N/A N/A
Weighting of Top 10 N/A N/A N/A N/A

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High RND % Rank
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Cash
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

RND - Expenses

Operational Fees

RND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% N/A N/A N/A
Management Fee 0.60% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

RND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

RND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

RND - Distributions

Dividend Yield Analysis

RND Category Low Category High RND % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

RND Category Low Category High Category Mod
Dividend Distribution Frequency

Net Income Ratio Analysis

RND Category Low Category High RND % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

RND Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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RND - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A