ETF Evaluator: First Trust Alerian US NextGen InfrasETF () Follow This ETF

First Trust Alerian US NextGen InfrasETF Overview

First Trust Alerian US NextGen InfrasETF (RBLD) is a passively managed Sector Equity Miscellaneous Sector exchange-traded fund (ETF). First Trust launched the ETF in 2008.

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Alerian U.S. NextGen Infrastructure Index. The fund will normally invest at least 90% of its net assets in the common stocks and real estate investment trusts (“ REITs ”) that comprise the index. The index seeks to provide exposure to U.S. infrastructure companies with securities listed on recognized U.S. securities exchanges that build, operate and own infrastructure assets.

About First Trust Alerian US NextGen InfrasETF (RBLD)

There are 7 members of the management team with an average tenure of 14.99 years: Daniel Lindquist (2008), Jon Erickson (2008), David McGarel (2008), Stan Ueland (2008), Chris Peterson (2016), Erik Russo (2021) and Roger Testin (2008). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Alerian US NextGen Infra TR USD index with a weighting of 100%. First Trust Alerian US NextGen InfrasETF has 104 securities in its portfolio. The top 10 holdings constitute 11.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

First Trust Alerian US NextGen InfrasETF is part of the Equity global asset class and is within the Sector Equity ETF group. First Trust Alerian US NextGen InfrasETF has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.0% There is 0.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). First Trust Alerian US NextGen InfrasETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $56 million in total assets, which is below the $294 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RBLD Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The First Trust Alerian US NextGen InfrasETF expense ratio is above average compared to funds in the Miscellaneous Sector category. First Trust Alerian US NextGen InfrasETF has an expense ratio of 0.65%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. First Trust Alerian US NextGen InfrasETF has a portfolio turnover rate of 32%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Miscellaneous Sector category.

Recently, in the month of July 2026, First Trust Alerian US NextGen InfrasETF returned -3.6%, which earned it a grade of B, as the Miscellaneous Sector category had an average return of -8.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

First Trust Alerian US NextGen InfrasETF has a trailing yield of 0.97%, which is below the 1.09% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

First Trust Alerian US NextGen InfrasETF Grades

Year to date, the ETF has returned 16.6%, 12.3 percentage points better than the category, which translates into a grade of A. The fund has returned 18.4% over the past year (grade of D), 18.0% over the past three years (grade of A) and 11.6% per year over the past five years (grade of A) and 7.9% per year over the past 10 years (grade of C).

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