Symbols

RND

First Trust Bloomberg R&D Leaders ETF·NYSE

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Key Stats

Assets Under Management

4.39MUSD

Fund Flows (1Y)

1.52MUSD

Dividend Yield

0.04%

Discount/Premium to NAV

-0.07%

Shares Outstanding

150.00K

Expense Ratio

0.60%

About First Trust Bloomberg R&D Leaders ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/etf/etfsummary.aspx?Ticker=RND

Inception Date

Apr 30, 2024

Structure

Open-Ended Fund

Index Tracked

Bloomberg R&D Leaders Select Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

RND tracks an index of stocks with increased research and development for new products and services that are expected to generate future economic benefits. From a starting universe of 1,000 US large- and mid-cap companies, the fund considers stocks that have increased R&D expenditures for the past three years. The fund then screens securities for the top 90th percentile in terms of R&D expenditures to sales ratio. Finally, the top 30-50 securities by market capitalization are selected. If less than 30 stocks meet the requirements, the fund could relax the R&D expenditures to sales screen and rank securities just by their R&D expenditures. The portfolio is market cap-weighted, subject to diversification and sector limits. The index is rebalanced quarterly and reconstituted semi-annually.