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Launched · SEC filings

First Trust RBA American Industrial RenaissanceTM ETF

AIRRNasdaqFirst TrustC

$99.56+0.99 (+1.00%)

At close: Nov 2, 2026, 4:00 PM ET

C50/ 100

Rank 15 of 34 in Infrastructure

C50/100Rank 15 of 34inInfrastructure
Intraday session: up, 79 prints from 98.57 to 99.56. Range 99.28 to 101.36. Use the arrow keys to read each point.99.00100.00100.50101.00101.5010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$8.37B
1Y total return
−1.3%
Yield · Last 12 months
0.10%
Holdings
56
Avg volume · 30D
779K sh
52W range
low $90.51high $135.05
Launched
Filings
SEC EDGAR

The ETF.net AIRR Grade

C

Score 50 out of 100

Category
Infrastructure⁠
Rank
15 of 34
Six-pillar profile for AIRR. Scores out of 100: Cost 27, Risk 25, Mission 41, Tradability 96, Holdings 76, Durability 87. Strongest: Tradability (96). Weakest: Risk (25). Leans toward Tradability.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 25 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C41 out of 100
    Rank 6 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 28 of 34

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A96 out of 100
    Rank 1 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A76 out of 100
    Rank 6 of 32

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A87 out of 100
    Rank 2 of 34

Our read on AIRR

ETF.net Research

In short

CA 2014 bet on American factories from Richard Bernstein: about 60 small- and mid-cap US industrials plus the community banks that lend to them. Not toll roads and pipelines. Machine shops, truckers, Main Street lenders.

Stated mandate

The fund tracks an index of small- and mid-cap U.S. companies focused on industrial activity and community banking. The index emphasizes infrastructure, manufacturing, transportation, and related services.

Why people hold it

  • Unusual pairing: manufacturers and transport names sit next to community banks, the lenders that finance small-town factory expansion. Both sides of one idea.ftportfolios.com
  • Running since 2014, well before reshoring hit headlines, on a Richard Bernstein Advisors index that has kept the fund in the same lane.
  • A multi-billion-dollar fund that trades actively, so getting in and out is typically cheap in normal markets. Pays quarterly.
  • Sits in the upper half of its infrastructure peer group, with a portfolio that stays close to what its index describes.

Worth knowing

  • At 0.69%, it charges more than the typical fund in its infrastructure group, and more than double index peers like IFRA at 0.30%.
  • Small caps, cyclicals and regional banks all swing with the economy, and a roughly 60-stock lineup means individual names carry real weight.
  • Filed under infrastructure, but it is not pipelines and airports. It can behave very differently from global infrastructure funds like IGF.

AIRR Holdings

Holdings pillarA76 out of 100Rank 6 of 32 in Infrastructure
Asset class
Stocks
Holdings
56
Top-10 weight
33%
Largest holding
KRMN3.7%

Sectors

  • Industrials78.2%
  • Financials8.9%
  • Materials7.7%
  • Energy3.7%
  • Consumer Discretionary0.7%
  • Utilities0.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1KRMNKarman Holdings Inc.3.72%7,800,549$312M122
2HIIHuntington Ingalls Industries, Inc.3.54%935,703$297M233
3HRIHerc Holdings, Inc.3.51%1,773,461$294M122
4KTOSKratos Defense & Security Solutions, Inc.3.46%7,054,616$290M152
5OCOwens Corning3.34%2,308,316$280M175
6CHRWC.H. Robinson Worldwide, Inc.3.33%2,239,280$279M294
7BWXTBWX Technologies, Inc.3.26%2,087,439$273M190
8NXTNextpower Inc. (Class A)3.12%3,294,636$261M210
9DYDycom Industries, Inc.3.11%1,142,578$260M144
10RBCRBC Bearings Incorporated3.06%554,727$256M164
11AGXArgan, Inc.3.01%731,212$252M166
12CNMCore & Main, Inc. (Class A)2.98%5,633,992$249M162
13FPSForgent Power Solutions, Inc. (Class A)2.68%8,685,675$224M88
14STRLSterling Infrastructure, Inc.2.63%635,299$220M203
15SAIASaia, Inc.2.61%635,076$219M154

Showing 1–15 of 56 holdings

AIRR Performance

Launched Mar 10, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AIRR$9,874
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. AIRR $9,874. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AIRR. Periods over one year show the average yearly return.
PeriodAIRR
Year to date+0.3%
1 month−4.5%
3 months−15.8%
1 year−1.3%
3 yearsper year+27.5%
5 yearsper year+17.8%
10 yearsper year+17.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AIRR
YearReturn barAIRR
2026 YTD+0.3%
2025+27.9%
2024+33.4%
2023+31.4%
2022−2.1%

AIRR in the news

AIRR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.10%Last 12 months
Payout per share
$0.09Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 27 payments from 2017 to 2026 YTD. Jun 22, 2017 $0.02; Sep 21, 2017 $0.03; Dec 21, 2017 $0.03; Mar 22, 2018 $0.0064; Jun 21, 2018 $0.02; Sep 14, 2018 $0.02; Dec 18, 2018 $0.05; Sep 25, 2019 $0.0087; Dec 13, 2019 $0.05; Sep 24, 2020 $0.02; Dec 24, 2020 $0.02; Dec 23, 2021 $0.02; Jun 24, 2022 $0.0061; Dec 23, 2022 $0.05; Mar 24, 2023 $0.03; Jun 27, 2023 $0.04; Sep 22, 2023 $0.02; Dec 22, 2023 $0.04; Mar 21, 2024 $0.0096; Jun 27, 2024 $0.03; Sep 26, 2024 $0.04; Dec 13, 2024 $0.06; Mar 27, 2025 $0.08; Jun 26, 2025 $0.07; Sep 25, 2025 $0.01; Dec 12, 2025 $0.03; Mar 26, 2026 $0.07. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Mar 26, 2026Mar 31, 2026$0.07
Dec 12, 2025Dec 31, 2025$0.03
Sep 25, 2025Sep 30, 2025$0.01
Jun 26, 2025Jun 30, 2025$0.07
Mar 27, 2025Mar 31, 2025$0.08
Dec 13, 2024Dec 31, 2024$0.06
Sep 26, 2024Sep 30, 2024$0.04
Jun 27, 2024Jun 28, 2024$0.03
Mar 21, 2024Mar 28, 2024$0.0096
Dec 22, 2023Dec 29, 2023$0.04
Sep 22, 2023Sep 29, 2023$0.02
Jun 27, 2023Jun 30, 2023$0.04

See all 37 payments⁠

$10,000 in AIRR 10 years ago paid $455 in dividends.⁠

AIRR Risk

Risk pillarD25 out of 100Rank 28 of 34 in Infrastructure
How much the fund’s monthly returns vary, scaled to a year.
26.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.89
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.2%
Trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.28
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AIRR Cost

Compare AIRR and IFRA

Overpaying vs IFRA, cheapest in Infrastructure

$7,280

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AIRR 0.69%

    $13,429

  • IFRA 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • AIRR 0.69%
  • IFRA 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530AIRR $13,429IFRA $6,149

Year by year

YearAIRRIFRAOverpaying
10$1,232$545$687
20$4,697$2,113$2,584
30$13,429$6,149$7,280

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