First Trust Exchange-Traded Fund VI First Trust Bloomberg R&D Leaders ETF
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About First Trust Exchange-Traded Fund VI First Trust Bloomberg R&D Leaders ETF
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Inception date
Apr 30, 2024
Structure
Open-Ended Fund
Replication method
Physical
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.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Health Technology
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RND trades at 26.12 USD today, its price has risen 0.97% in the past 24 hours. Track more dynamics on RND price chart.
RND net asset value is 25.75 today — it's risen 5.70% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
RND assets under management is 2.57 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
RND price has risen by 3.86% over the last month, and its yearly performance shows a 18.17% increase. See more dynamics on RND price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.70% over the last month, showed a 11.73% increase in three-month performance and has increased by 5.05% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.70% over the last month, showed a 11.73% increase in three-month performance and has increased by 5.05% in a year.
RND fund flows account for 1.19 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
RND invests in stocks. See more details in our Analysis section.
RND expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, RND isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, RND technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RND shows the strong buy signal. See more of RND technicals for a more comprehensive analysis.
Today, RND technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RND shows the strong buy signal. See more of RND technicals for a more comprehensive analysis.
Yes, RND pays dividends to its holders with the dividend yield of 0.04%.
RND trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
RND shares are issued by AJM Ventures LLC
RND follows the Bloomberg R&D Leaders Select TR. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 30, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.