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First Trust Bloomberg Shareholder Yield ETF
ETF
RNLC
Payout Change
Pending
Price as of:
$36.8023
+0.47
+1.28%
primary theme
N/A
RNLC (ETF)
First Trust Bloomberg Shareholder Yield ETF
Payout Change
Pending
Price as of:
$36.8023
+0.47
+1.28%
primary theme
N/A
RNLC (ETF)
First Trust Bloomberg Shareholder Yield ETF
Payout Change
Pending
Price as of:
$36.8023
+0.47
+1.28%
primary theme
N/A
Name
As of 03/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.7%
1 yr return
19.0%
3 Yr Avg Return
10.0%
5 Yr Avg Return
12.5%
Net Assets
$17 M
Holdings in Top 10
9.6%
52 WEEK LOW AND HIGH
$36.3
$29.46
$36.80
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 03/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RNLC - Profile
Distributions
- YTD Total Return 6.7%
- 3 Yr Annualized Total Return 10.0%
- 5 Yr Annualized Total Return 12.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.13%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Bloomberg Shareholder Yield ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateJun 20, 2017
-
Shares Outstanding750002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Lindquist
Fund Description
Under normal conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the total return performance of the Index, which includes dividends paid by the securities in the Index. The Fund will generally employ a full replication strategy, meaning that it will normally invest in all of the securities comprising the Index in proportion to their weightings in the Index. The Index is determined, composed and calculated by Bloomberg Index Services Limited (the “Index Provider”). The Index Provider reserves the right to exercise reasonable discretion if the Index Provider deems such discretion as necessary or appropriate to maintain the quality and/or character of the Index.According to the Index Provider, the Index is designed to track the performance of the securities of U.S. large- and mid-cap companies that have a track record of returning value to shareholders in the form of dividends, buybacks, as well as debt reduction, and in a manner that is within their capacity, which is defined in further detail below. However, in general, a company’s “capacity” for returning capital refers to its ability to sustain payout levels without extending far beyond its free cash flow generation. The Index’s selection universe is composed of all securities comprising the Bloomberg US Large- and Mid-Cap Universe. The Index Provider classifies a company as belonging to a certain country through a holistic quantitative analysis that considers the location of the company’s management, the location of the company’s primary listing exchange, the country from which the company derives the most revenue and the company’s reporting currency. From this universe, the Index then further excludes real estate investment trusts and those securities that do not meet the size and liquidity standards of the index. One security per issuer is permitted. Remaining securities are then screened based upon “Free Cash Flow” (the money that is left over after a company pays its operating expenses and capital expenditures), “Total Returned Capital” (defined as dividends paid + (net buybacks - stock based compensation) + debt repayment) and Capacity (the ratio of Total Returned Capital to Free Cash Flow). To be eligible for inclusion in the Index, a security must have, over each of the trailing five years, (i) positive Free Cash Flow; (ii) positive Total Returned Capital; and (iii) a Capacity of under 150%. Lastly, a security must have a Shareholder Yield (defined as the ratio of its Total Returned Capital to its market capitalization) of between 0.5% and 15% to be included in the Index. From the remaining eligible securities, the 50 securities with the highest levels of Total Returned Capital are selected for inclusion in the Index and are assigned an Index weight based upon their level of Shareholder Yield, with those securities with higher Shareholder Yield assigned greater weight. However, no security’s weight shall exceed 5% and no sector’s weight shall exceed 30%, where a "sector" refers to the Bloomberg Industry Classification Standard (BICS) level 1 sectors. Any excess weight from capping is distributed proportionally to all the remaining uncapped securities until all the above conditions are satisfied. While tracking stocks (an equity security issued by a company that tracks the performance of a particular segment or division) are eligible for inclusion in the Index, the Fund expects that substantially all of its investments will be in common stocks.The Index is reconstituted and rebalanced quarterly, and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated (i.e., invest more than 25% of Fund assets) in an industry or a group of industries to the extent that the Index is so concentrated. As of January 31, 2024, the Index was composed of securities with a market capitalization range of $2.85 trillion to $9.81 billion. As of January 31, 2024, the Index had significant exposure to information technology companies, although this may change from time to time. As a result, the Fund may have significant investments in a given jurisdiction, investment sector or industry that it may not have had as of January 31, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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RNLC - Performance
Return Ranking - Trailing
| Period | RNLC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.7% | 0.2% | 13.9% | 68.63% |
| 1 Yr | 19.0% | 0.0% | 42.3% | 82.91% |
| 3 Yr | 10.0%* | -10.0% | 31.8% | 61.97% |
| 5 Yr | 12.5%* | -7.9% | 108.8% | 66.81% |
| 10 Yr | N/A* | 0.5% | 20.6% | 80.67% |
* Annualized
Return Ranking - Calendar
| Period | RNLC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.6% | -42.6% | 47.4% | 63.30% |
| 2022 | -15.5% | -56.3% | -4.2% | 11.00% |
| 2021 | 29.1% | -27.2% | 53.7% | 2.35% |
| 2020 | 9.6% | -36.2% | 2181.7% | 63.47% |
| 2019 | 28.5% | -22.7% | 40.4% | 16.67% |
Total Return Ranking - Trailing
| Period | RNLC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.7% | 0.2% | 13.9% | 68.63% |
| 1 Yr | 19.0% | 0.0% | 42.3% | 82.91% |
| 3 Yr | 10.0%* | -10.0% | 31.8% | 61.97% |
| 5 Yr | 12.5%* | -7.9% | 108.8% | 66.81% |
| 10 Yr | N/A* | 0.5% | 20.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RNLC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.5% | -5.0% | 47.4% | 80.46% |
| 2022 | -14.2% | -36.8% | -2.2% | 22.07% |
| 2021 | 30.5% | 3.0% | 124.3% | 9.72% |
| 2020 | 11.8% | -15.8% | 2266.0% | 82.66% |
| 2019 | 30.7% | -0.4% | 241.3% | 41.98% |
RNLC - Holdings
Concentration Analysis
| RNLC | Category Low | Category High | RNLC % Rank | |
|---|---|---|---|---|
| Net Assets | 17 M | 2.59 M | 1.3 T | 97.89% |
| Number of Holdings | 377 | 1 | 4053 | 24.43% |
| Net Assets in Top 10 | 1.82 M | 885 K | 387 B | 99.22% |
| Weighting of Top 10 | 9.61% | 0.3% | 112.0% | 98.67% |
Top 10 Holdings
- Intel Corp 1.05%
- Monolithic Power Systems Inc 1.01%
- Broadcom Inc 0.99%
- QUALCOMM Inc 0.96%
- Seagate Technology Holdings PLC 0.96%
- Entegris Inc 0.94%
- KLA Corp 0.94%
- Micron Technology Inc 0.93%
- Lam Research Corp 0.92%
- Intuit Inc 0.91%
Asset Allocation
| Weighting | Return Low | Return High | RNLC % Rank | |
|---|---|---|---|---|
| Stocks | 99.83% | 0.00% | 124.03% | 9.37% |
| Cash | 0.17% | 0.00% | 99.06% | 84.86% |
| Preferred Stocks | 0.00% | 0.00% | 2.38% | 84.39% |
| Other | 0.00% | -13.91% | 100.00% | 80.41% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 82.30% |
| Bonds | 0.00% | -0.50% | 94.15% | 83.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RNLC % Rank | |
|---|---|---|---|---|
| Technology | 29.54% | 0.00% | 48.94% | 5.48% |
| Healthcare | 14.06% | 0.00% | 60.70% | 63.38% |
| Consumer Cyclical | 11.20% | 0.00% | 30.33% | 37.41% |
| Financial Services | 11.06% | 0.00% | 55.59% | 87.21% |
| Industrials | 10.19% | 0.00% | 29.90% | 34.95% |
| Consumer Defense | 6.90% | 0.00% | 47.71% | 48.77% |
| Energy | 4.80% | 0.00% | 41.64% | 32.09% |
| Communication Services | 4.37% | 0.00% | 27.94% | 87.93% |
| Utilities | 2.78% | 0.00% | 20.91% | 45.59% |
| Real Estate | 2.77% | 0.00% | 31.91% | 49.56% |
| Basic Materials | 2.34% | 0.00% | 25.70% | 65.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RNLC % Rank | |
|---|---|---|---|---|
| US | 99.83% | 0.00% | 124.03% | 8.04% |
| Non US | 0.00% | 0.00% | 62.81% | 86.18% |
RNLC - Expenses
Operational Fees
| RNLC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.01% | 16.07% | 68.42% |
| Management Fee | 0.60% | 0.00% | 1.89% | 65.33% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.35% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| RNLC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RNLC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RNLC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 21.00% | 0.00% | 496.00% | 42.24% |
RNLC - Distributions
Dividend Yield Analysis
| RNLC | Category Low | Category High | RNLC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.83% | 0.00% | 4.51% | 2.81% |
Dividend Distribution Analysis
| RNLC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Semi-Annually |
Net Income Ratio Analysis
| RNLC | Category Low | Category High | RNLC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.13% | -54.00% | 6.06% | 24.78% |
Capital Gain Distribution Analysis
| RNLC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.169 | OrdinaryDividend |
| Sep 29, 2023 | $0.113 | OrdinaryDividend |
| Jun 30, 2023 | $0.137 | OrdinaryDividend |
| Mar 31, 2023 | $0.095 | OrdinaryDividend |
| Dec 30, 2022 | $0.150 | OrdinaryDividend |
| Sep 30, 2022 | $0.118 | OrdinaryDividend |
| Jun 30, 2022 | $0.105 | OrdinaryDividend |
| Mar 31, 2022 | $0.080 | OrdinaryDividend |
| Dec 31, 2021 | $0.121 | OrdinaryDividend |
| Sep 30, 2021 | $0.087 | OrdinaryDividend |
| Jun 30, 2021 | $0.092 | OrdinaryDividend |
| Mar 31, 2021 | $0.045 | OrdinaryDividend |
| Dec 31, 2020 | $0.115 | OrdinaryDividend |
| Sep 30, 2020 | $0.091 | OrdinaryDividend |
| Jun 30, 2020 | $0.112 | OrdinaryDividend |
| Mar 31, 2020 | $0.132 | OrdinaryDividend |
| Dec 31, 2019 | $0.112 | OrdinaryDividend |
| Sep 30, 2019 | $0.126 | OrdinaryDividend |
| Jun 28, 2019 | $0.092 | OrdinaryDividend |
| Mar 29, 2019 | $0.053 | OrdinaryDividend |
| Dec 31, 2018 | $0.129 | OrdinaryDividend |
| Sep 28, 2018 | $0.073 | OrdinaryDividend |
| Jun 29, 2018 | $0.104 | OrdinaryDividend |
| Mar 29, 2018 | $0.061 | OrdinaryDividend |
| Dec 29, 2017 | $0.073 | OrdinaryDividend |
| Sep 29, 2017 | $0.047 | OrdinaryDividend |
RNLC - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Jon Erickson
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Chris Peterson
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Roger Testin
Start Date
Tenure
Tenure Rank
Jun 20, 2017
4.95
5.0%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.21 | 2.42 |
