AIRR vs. IFRA ETF Comparison

Comparison of First Trust RBA American Industrial Renaissance ETF (AIRR) to iShares U.S. Infrastructure ETF (IFRA)

AIRR

First Trust RBA American Industrial Renaissance ETF

AIRR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "index"). 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 index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$81.85

Average Daily Volume

333,284

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$49.29

Average Daily Volume

299,368

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	AIRR	IFRA
30 Days	5.31%	2.05%
60 Days	14.33%	7.61%
90 Days	16.45%	11.63%
12 Months	62.26%	35.14%

14 Overlapping Holdings

Symbol	Grade	Weight in AIRR	Weight in IFRA	Overlap
EME	B	3.09%	0.7%	0.7%
FIX	A	2.52%	0.72%	0.72%
GBX	A	1.15%	0.71%	0.71%
GVA	A	3.25%	0.66%	0.66%
HEES	B	1.12%	0.68%	0.68%
LMB	A	0.83%	0.72%	0.72%
MDU	D	2.9%	0.36%	0.36%
MLI	B	3.42%	0.68%	0.68%
MTZ	B	2.55%	0.7%	0.7%
PRIM	A	2.63%	0.8%	0.8%
ROAD	B	2.16%	0.77%	0.77%
STRL	B	1.71%	0.83%	0.83%
TPC	C	0.81%	0.63%	0.63%
WMS	F	2.33%	0.46%	0.46%

AIRR Overweight 38 Positions Relative to IFRA

Symbol	Grade	Weight
AAON	A	3.32%
AIT	A	3.3%
RBC	A	3.04%
BWXT	A	2.98%
KEX	A	2.96%
ZWS	B	2.93%
MSM	C	2.87%
CHRW	A	2.82%
HRI	B	2.74%
ATKR	C	2.73%
DY	C	2.72%
CLH	C	2.71%
CNM	F	2.56%
FSS	C	2.38%
HII	F	2.08%
ACA	B	1.75%
MWA	A	1.74%
FNB	A	1.72%
ASB	A	1.42%
WTFC	A	1.41%
ONB	B	1.38%
MRCY	B	1.28%
VSEC	B	1.06%
BLBD	F	0.96%
FULT	A	0.94%
TGI	A	0.91%
POWL	C	0.91%
WNC	C	0.91%
DNOW	A	0.87%
FFBC	A	0.87%
PRLB	B	0.8%
XMTR	C	0.78%
PRK	A	0.78%
FRME	A	0.77%
FCF	A	0.67%
AMRC	F	0.62%
LKFN	A	0.57%
TRNS	F	0.53%

AIRR Underweight 136 Positions Relative to IFRA

Symbol	Grade	Weight
VST	A	-1.23%
USLM	A	-0.91%
DTM	A	-0.87%
CENX	A	-0.86%
KNTK	A	-0.85%
CEG	D	-0.85%
MYRG	B	-0.84%
KMI	A	-0.83%
AGX	B	-0.82%
WMB	A	-0.82%
MGEE	A	-0.8%
NRG	B	-0.79%
ETR	A	-0.79%
OKE	A	-0.78%
IDA	A	-0.74%
TXNM	A	-0.73%
ENLC	A	-0.72%
XEL	A	-0.72%
CNP	A	-0.72%
SRE	A	-0.72%
ATO	A	-0.72%
AEE	A	-0.71%
OGS	A	-0.71%
CMP	B	-0.71%
NI	A	-0.71%
PEG	C	-0.71%
MSEX	B	-0.7%
CPK	A	-0.7%
CSX	B	-0.7%
PCG	A	-0.69%
BKH	A	-0.69%
EVRG	A	-0.69%
OGE	A	-0.69%
AM	A	-0.69%
NSC	B	-0.69%
AWR	A	-0.68%
MTRX	B	-0.68%
PNW	A	-0.68%
PPL	A	-0.68%
NWN	A	-0.68%
LXFR	B	-0.68%
LNT	A	-0.67%
ALE	A	-0.67%
GLDD	B	-0.67%
RYI	B	-0.67%
SUM	B	-0.67%
WEC	A	-0.67%
SR	A	-0.66%
APOG	B	-0.66%
AGR	A	-0.66%
UTL	C	-0.66%
NWE	C	-0.66%
D	C	-0.65%
BXC	B	-0.65%
WTRG	C	-0.65%
PWR	A	-0.65%
CMS	C	-0.65%
EXC	C	-0.65%
DTE	C	-0.64%
SO	C	-0.64%
NWPX	A	-0.64%
CRS	A	-0.64%
AWI	A	-0.63%
POR	D	-0.63%
EXP	B	-0.63%
KNF	B	-0.63%
VMI	B	-0.63%
NGVT	B	-0.63%
AVA	C	-0.63%
STLD	B	-0.62%
OC	A	-0.62%
NEE	C	-0.62%
URI	B	-0.62%
UNP	D	-0.62%
EIX	C	-0.62%
DUK	C	-0.62%
FE	C	-0.61%
CWT	C	-0.61%
ECVT	C	-0.61%
ASTE	B	-0.61%
ARTNA	F	-0.61%
YORW	D	-0.61%
TRN	A	-0.6%
ES	C	-0.6%
SJW	F	-0.6%
AWK	C	-0.6%
AEP	C	-0.6%
VMC	B	-0.6%
LPX	A	-0.6%
ED	D	-0.6%
CMC	B	-0.59%
KALU	C	-0.59%
LXU	C	-0.59%
HE	D	-0.59%
X	D	-0.58%
MLM	B	-0.58%
TREX	C	-0.57%
OSK	C	-0.57%
FLR	B	-0.57%
CSL	B	-0.56%
BCC	B	-0.56%
RS	B	-0.56%
AZEK	B	-0.56%
ACM	B	-0.56%
ASIX	B	-0.55%
APG	C	-0.55%
SWX	A	-0.55%
ROCK	C	-0.54%
NFE	F	-0.54%
SSD	D	-0.53%
BWMN	C	-0.53%
HWKN	C	-0.53%
BLDR	D	-0.53%
XPEL	B	-0.53%
ZEUS	C	-0.52%
POOL	D	-0.52%
NUE	D	-0.52%
TEX	D	-0.52%
KOP	C	-0.51%
EMN	C	-0.51%
AESI	D	-0.5%
CLF	F	-0.5%
OLN	F	-0.5%
BLD	F	-0.5%
NVEE	F	-0.5%
HAYN	A	-0.5%
MTUS	F	-0.49%
J	D	-0.49%
IIIN	C	-0.48%
ATI	D	-0.48%
WOR	F	-0.47%
WLK	F	-0.46%
LYB	F	-0.44%
MATV	F	-0.33%
NVRI	F	-0.33%
TTEK	D	-0.09%