# First Trust RBA American Industrial RenaissanceTM ETF (AIRR): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/airr for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Sector Equity - Strategy: Thematic · Inception: 2014-03-10 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... ## Key Facts | Metric | Value | |---|---| | Price | $96.68 | | Expense Ratio | 0.69% | | Assets Under Management | $8.13B | | NAV | $95.61 | | Holdings Count | 55 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Quarterly | | 52-Week Range | $90.51 – $135.05 | | Beta | 1.33 | ## Latest Distribution - Amount: $0.0668 /share - Ex-date: 2026-03-26 - Pay date: 2026-03-31 ## Frequently Asked Questions ### 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 $8.13B 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. ### Does AIRR pay a dividend? First Trust RBA American Industrial RenaissanceTM ETF (AIRR) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does AIRR pay dividends? First Trust RBA American Industrial RenaissanceTM ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is AIRR's dividend yield? AIRR's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is AIRR's next ex-dividend date? The most recently announced ex-dividend date for AIRR was 2026-03-26. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will AIRR's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.69% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does AIRR charge its expense ratio? The expense ratio is deducted in tiny daily slices from AIRR's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does AIRR cost more than a fund like VOO? AIRR's strategy (current expense ratio 0.69%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where AIRR sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to AIRR? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as AIRR (0.69%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/airr - Distribution history: https://www.dividenddata.com/funds/airr/dividend - Holdings & diversification: https://www.dividenddata.com/funds/airr/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/airr/expenses - Peer comparison: https://www.dividenddata.com/funds/airr/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.