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First Trust RBA American Industrial RenaissanceTM ETF(AIRR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AIRR
09/16/2026: AIRR (2-star) is currently NOT-A-BUY. Pass it for now.
AIRR provides targeted exposure to small and mid-cap U.S. companies poised to benefit from domestic manufacturing, engineering, and industrial infrastructure trends. Its main strengths include a specialized, thematic focus and management by Richard Bernstein Advisors, though it carries a higher expense ratio than broad sector benchmarks. The fund is best used as a satellite position to capture specific growth cycles in the U.S. industrial space. Key risks include higher volatility associated with smaller-cap companies and sector-specific sensitivity to macro policy. It is best suited for growth-oriented investors who can monitor domestic industrial policy and market cycles.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Investors looking for capital appreciation through domestic manufacturing expansion will find this thematic focus compelling. |
| Momentum investor | Strong fit while signal remains positive | This fund often tracks strong momentum in industrial sectors during up-cycles in the manufacturing economy. |
| Value investor | Mixed fit | While many holdings are industrials with cyclical valuations, the focus is on growth potential rather than deep-value metrics. |
| Dividend/Income investor | Weak fit | The portfolio prioritizes growth-oriented industrial small-caps over companies primarily focused on consistent dividend payouts. |
| Low-risk investor | Weak fit | The fund's focus on small and mid-cap equities and industrial cyclicality leads to higher volatility than broad-market or defensive investments. |
Investor Profile
Ideal Investor Profile
The ideal investor is a growth-oriented individual seeking to capture a specific thematic tailwind in the U.S. industrial sector who is willing to accept higher fees and volatility.
Suitability
AIRR is best suited for long-term investors looking for a thematic tilt in their portfolio rather than passive index followers or short-term traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Small and mid-cap industrial stocks are inherently more sensitive to economic cycles and market volatility. |
| Market risk | Medium / high | The fund is subject to systematic equity market risks and sector-specific downturns. |
| Concentration | High | The narrow focus on industrial sub-sectors increases risk if specific policies or industrial trends falter. |
| Tracking/expense | Medium | The active management and specialized index tracking result in a higher expense ratio than passive broad-market funds. |
| Liquidity | Medium | While adequate, liquidity in smaller-cap stocks can decrease during market stress periods. |
| Business/sector quality | Medium | Dependence on the health of US industrial infrastructure and government policy creates reliance on non-market catalysts. |
Risk Analysis
Volatility
AIRR exhibits higher-than-average volatility due to its concentration in small/mid-cap industrial companies.
Market Risk
The fund is sensitive to industrial economic cycles and changes in capital expenditure patterns.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Industry | Construction and Engineering | 35 | Companies in this segment directly benefit from domestic infrastructure spending and industrial capital projects. |
| Industry | Machinery and Equipment | 30 | This exposure captures the demand for automation and manufacturing tools essential for an industrial revival. |
| Industry | Materials and Components | 25 | Suppliers of raw and processed materials are fundamental to building the supply chains of re-shored American manufacturing. |
| Cash/collateral | Cash and Equivalents | 10 | Small cash balances are maintained to manage liquidity and facilitate daily operations. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 49.28% | Avg. Invested days 65 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/16/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 16, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $9.26B |
| Issuer | First Trust |
| Expense Ratio | 0.7000000000000001% |
| Distribution Yield | 0.1% |
| Inception | Mar 10, 2014 |
Performance
| Period | Total Return |
|---|---|
| YTD | +9.19% |
| 1 Year | +14.98% |
| 3 Year | +26.33% |
| 5 Year | +21.42% |
| 10 Year | +18.80% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 27.14% |
| 3Y Volatility | 26.53% |
| 3Y Sharpe Ratio | 0.83 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 1 / 5 |
| Benchmark | MSCI ACWI NR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Small Cap | 82.90% |
| Micro Cap | 8.71% |
| Mid Cap | 8.25% |
Top Sectors
| Sector | Weight |
|---|---|
| Industrials | 87.45% |
| Financial Services | 7.52% |
| Technology | 3.95% |
| Utilities | 1.08% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 21.49x |
| Portfolio P/B | 3.06x |
| Portfolio P/S | 1.63x |
| Holdings Turnover | 48.0% |
Top Holdings
| Holding | Weight |
|---|---|
| IES Holdings | 3.85% |
| Kratos Defense & Security Solutions | 3.44% |
| Owens Corning | 3.07% |
| SPX TECHNOLOGIES DL 10 | 3.05% |
| BWX Technologies | 3.03% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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