First Trust Bloomberg R&D Leaders ETF (RND)

First Trust Bloomberg R&D Leaders ETF (RND) is an exchange-traded fund in the Large Blend category. It has $4.80M in assets, an expense ratio of 0.60% and a 0.00% dividend yield. Under normal market 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. According to the index provider, the index is designed to track the performance of companies that seek to return implicit value to shareholders by reinvesting in their own growth. The fund is non-diversified.