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First Trust RBA American Industrial RenaissanceTM (AIRR)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.70 % · ISIN US33738R7044
Price history (since 2014)
Monthly close since 2014. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Kratos Defense & Security Solutions KTOS | 3.6 % | −95.6 % | 25 |
| IES Holdings Inc IESC | 3.5 % | −10.0 % | 67 |
| Owens Corning Inc OC | 3.2 % | +14.2 % | 48 |
| SPX TECHNOLOGIES DL 10 SPW0 | 3.2 % | n/a | n/a |
| BWX Technologies Inc BWXT | 3.0 % | −72.0 % | 52 |
| Nextpower Inc. NXT | 2.8 % | −15.7 % | 67 |
| Karman Holdings Inc. KRMN | 2.8 % | −93.2 % | 38 |
| Saia Inc SAIA | 2.8 % | −61.5 % | 48 |
| Huntington Ingalls Industries Inc HII | 2.8 % | −13.8 % | 58 |
| RBC Bearings Incorporated RBC | 2.7 % | −63.3 % | 60 |
| Powell Industries Inc POWL | 2.7 % | −48.2 % | 69 |
| Forgent Power Solutions, Inc. FPS | 2.7 % | n/a | n/a |
| CH Robinson Worldwide Inc CHRW | 2.6 % | −40.4 % | 65 |
| Clean Harbors Inc CLH | 2.6 % | −51.1 % | 57 |
| Dycom Industries Inc DY | 2.6 % | −24.4 % | 53 |
| Sterling Infrastructure, Inc. STRL | 2.5 % | −56.6 % | 64 |
| Argan Inc AGX | 2.5 % | −63.3 % | 71 |
| Core & Main Inc CNM | 2.5 % | +13.0 % | 68 |
| Advanced Drainage Systems Inc WMS | 2.5 % | −20.0 % | 57 |
| Granite Construction Incorporated GVA | 2.4 % | −35.4 % | 55 |
| Primoris Services Corporation PRIM | 2.3 % | +43.3 % | 64 |
| Ryder System Inc R | 1.8 % | −54.9 % | 50 |
| Old National Bancorp ONB | 1.8 % | −30.6 % | 38 |
| Mueller Industries Inc MLI | 1.8 % | −4.4 % | 84 |
| Legence Corp. Class A Common stock LGN | 1.7 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
Frequently asked about AIRR
Is AIRR overvalued?
What is the fair value of AIRR?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of AIRR?
What is the expense ratio of AIRR?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust RBA American Industrial RenaissanceTM ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.