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Security Profile
- Security Type
- Index ETF
- CUSIP
- 33738R704
- Market Cap
- Micro Cap · $44 Million
- IPO
- 3/10/2014
Fund Description: First Trust RBA American Industrial Renaissance ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the First Trust Exchange-Traded Fund VI, an open-end investment management company. INVESTMENT OBJECTIVE: The First Trust RBA American Industrial Renaissance ETF seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the Richard Bernstein Advisors American Industrial Renaissance Index. INDEX DESCRIPTION: The Richard Bernstein Advisors American Industrial Renaissance Index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. The Index is owned and was developed by Richard Bernstein Advisors LLC, ((RBA) the Index Provider. RBA believes there is increasing reason to expect that the U.S. may regain industrial market share, based on a number of factors, including: access to cheap energy sources; the relative stability of the U.S. market compared to many emerging markets; and growing availability of bank financing for manufacturers. To construct the index, RBA begins with the Russell 2500 Index and eliminates companies not directly related to manufacturing and related infrastructure, and banking. RBA evaluates the Index components quarterly in April, July, October and January of each year for eligibility, using quarterly market data. The Index is rebalanced quarterly. FUND STRATEGY: The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. There may be instances in which the Fund may be underweighted or overweighted in certain securities in the Index, not invest in certain securities included in the Index, purchase securities not in the Index that are appropriate to substitute for certain securities in the Index or utilize various combinations of the above techniques in seeking to track the Index. FUND MANAGEMENT: First Trust Advisors L.P. serves as the Fund's investment advisor.
Company Contact
- Headquarters
- 120 E. Liberty Drive, Suite 400, Wheaton, Ill. 60187
- Phone
- 630-765-8000 · Toll-Free 800-621-1675
- Investor Relations
- 800-988-5891 · info@ftportfolios.com