{
 "ticker": "AIRR",
 "name": "First Trust RBA American Industrial Renaissance ETF",
 "issuer": "First Trust",
 "desk": "themes",
 "url": "https://etfiq.com/funds/AIRR",
 "html": "https://etfiq.com/funds/AIRR",
 "markdown": "https://etfiq.com/funds/AIRR.md",
 "as_of": "2026-09-11",
 "verdict": "AIRR holds 58 stocks, and 94% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "5.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIRR, already in the S&P 500: 5.5%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIRR, active share vs the S&P 500: 99.9%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "30.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIRR, top ten holdings: 30.4%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+15.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AIRR, total return, 1 year: +15.0%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11.5bn",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "AIRR, net assets: $11.5bn (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "485BPOS XBRL, Jan 28, 2026",
   "as_of": "2026-09-11",
   "sentence": "AIRR, expense ratio: 0.69% (485BPOS XBRL, Jan 28, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Reshoring and manufacturing",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 11, 2014",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "5.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.9%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "30.4%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "58",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "IES Holdings, Inc. 3.8%, Kratos Defense & Security Solutions, Inc. 3.4%, SPX Technologies 3.1%, BWX Technologies, Inc. 3.1%, Owens Corning 3.0%, Nextpower Inc. (Class A) 2.9%, Saia, Inc. 2.8%, C.H. Robinson Worldwide, Inc. 2.8%, Huntington Ingalls Industries, Inc. 2.8%, Clean Harbors, Inc. 2.8%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11.5bn",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221219.5%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "485BPOS XBRL, Jan 28, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.69%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "XAR 13%, NRSH 13%, PAVE 10%, ELFY 10%, DRES 10%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221217.1%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221220.4 pts",
   "Gap to Nasdaq-100": "\u221216.3 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22121.1%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221217.1 pts",
   "Gap to Nasdaq-100": "\u221221.8 pts"
  },
  {
   "window": "1 year",
   "Total return": "+15.0%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u22122.5 pts",
   "Gap to Nasdaq-100": "\u22128.0 pts"
  },
  {
   "window": "3 years",
   "Total return": "+102.4%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+24.5 pts",
   "Gap to Nasdaq-100": "+7.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+460.7%",
   "S&P 500": "+404.3%",
   "Gap to S&P 500": "+56.4 pts",
   "Gap to Nasdaq-100": "\u2212312.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of AIRR is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 6% of AIRR by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does AIRR hold?",
   "a": "58 positions as published by its issuer for Sep 10, 2026, with the top ten at 30% of the fund. The largest are IES Holdings, Inc. at 3.8%, Kratos Defense & Security Solutions, Inc. at 3.4%, SPX Technologies at 3.1%."
  },
  {
   "q": "Has AIRR beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 AIRR returned +15.0% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 2.5 points."
  },
  {
   "q": "What does AIRR cost?",
   "a": "The prospectus expense ratio is 0.69% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.69%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}