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First Trust announced that its First Trust RBA American Industrial Renaissance® ETF (NASDAQ: AIRR) has surpassed $3 billion in net assets as of January 6, 2025. The ETF, which tracks small and mid-cap U.S. companies in industrial and community banking sectors, has demonstrated strong performance with a 33.43% one-year return as of December 31, 2024, outperforming the S&P 500® Industrials Index's 17.47%.
Since its March 2014 inception, AIRR has achieved an average annual return of 13.56%, surpassing its benchmark index. The fund has earned a 5-Star Overall Morningstar Rating™ and ranks #1 in Morningstar's Industrials category across multiple timeframes. The fund's success aligns with Richard Bernstein Advisors' thesis that U.S. industrial sector may continue gaining global market share due to deglobalization trends.
First Trust RBA American Industrial Renaissance® ETF (NASDAQ: AIRR) has achieved significant milestones, surpassing $3 billion in net assets as of January 6, 2025. The fund focuses on small and mid-cap U.S. companies in industrial and community banking sectors, particularly in traditional manufacturing hubs.
Key performance highlights as of December 31, 2024 include:
- 1-year return of 33.43% (NAV), outperforming the S&P 500® Industrials Index (17.47%)
- Since March 2014 inception, 13.56% average annual return (NAV)
- Largest ETF in Morningstar's Industrials category
- #1 performing fund in its category across multiple timeframes
- 5-Star Overall Morningstar Rating™
Richard Bernstein Advisors believes the U.S. industrial sector may continue gaining global market share due to deglobalization, making this an enduring investment theme. The fund has outperformed the S&P 500® Index in multiple time periods despite not holding information technology or large cap growth companies.
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