First Trust RBA American Industrial RenaissanceTM ETF

Frequently Asked Questions About AIRR

What does AIRR invest in?

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.

What is the expense ratio of AIRR?

First Trust RBA American Industrial RenaissanceTM ETF (AIRR) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

How big is AIRR?

First Trust RBA American Industrial RenaissanceTM ETF (AIRR) manages $9.43B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AIRR actively managed or an index fund?

AIRR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was AIRR launched?

First Trust RBA American Industrial RenaissanceTM ETF (AIRR) launched in March 2014 and is managed by First Trust.

How has AIRR performed?

AIRR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.