The First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) is an exchange-traded fund that primarily invests in common stocks and real estate investment trusts (REITs) that make up its underlying index. This index is designed to track the performance of U.S. infrastructure companies listed on major U.S. securities exchanges.
The fund's investment strategy involves allocating at least 90% of its net assets to the securities that comprise the index. This means that the majority of the fund's portfolio will be composed of stocks and REITs that are part of the index. The remaining 10% of the fund's assets may be invested in other securities, such as cash, cash equivalents, or other investment instruments.
The index that the fund tracks is focused on U.S. infrastructure companies that build, operate, and own infrastructure assets. These companies may be involved in various sectors, such as transportation, energy, utilities, and telecommunications. The index is designed to provide investors with exposure to the U.S. infrastructure sector, which is a critical component of the country's economy.
As an ETF, RBLD offers investors a convenient and cost-effective way to gain exposure to the U.S. infrastructure sector. The fund is listed on the NYSE Arca exchange and can be traded throughout the day, allowing investors to quickly respond to changes in the market. The fund's ISIN is US33736M1036, and it is classified as an industrials ETF.
Investors who are interested in investing in the U.S. infrastructure sector may consider RBLD as a potential option. The fund's focus on next-generation infrastructure companies may appeal to investors who are looking for exposure to companies that are involved in the development and operation of modern infrastructure assets. However, as with any investment, it is essential to carefully evaluate the fund's investment strategy, risks, and fees before making a decision.