First Trust Global Wind Energy ETF (FAN)
  • 2022 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
Investment Objective/Strategy - First Trust Global Wind Energy ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE Clean Edge Global Wind Energy Index™.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index measures the performance of public companies throughout the world that are active in the wind energy industry. To be eligible for inclusion in the index a company must be listed on an index eligible global stock exchange and actively engaged in some aspect of the wind energy industry, such as the development or management of a wind farm, the production or distribution of electricity generated by wind power, or involvement in the design, manufacture or distribution of machinery or materials designed specifically for the wind energy industry.
  • Each security must have a minimum market capitalization of $100 million, minimum 3-month average daily dollar trading volume of $500,000 and a minimum free float of 25%.
  • Clean Edge identifies each eligible company as either “Pure Play” or “Diversified”:
    • Pure Play companies derive at least 50% of their revenue and/or generating assets (energy capacity and/or production) from wind-related activities.
    • Diversified companies are those simply involved and engaged in some aspect of the wind energy industry.
  • Pure Play companies are given a collective weight of 60% and Diversified companies are given a collective weight of 40%.The index uses a modified market capitalization weighted methodology for each group of companies. The Pure Play companies are weighted so that the five largest Pure Play companies may not exceed 8% each of the entire index and the remaining Pure Play companies may not exceed 4% each of the entire index. No Diversified company may exceed 2% of the entire index.
  • The Index is reconstituted and rebalanced semi-annually
Fund Overview
Fund TypeForeign Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencySemi-Annual
Gross Expense Ratio*0.63%
Net Expense Ratio*0.60%
* As of 2/1/2022
Expenses are capped contractually at 0.60% per year, at least through January 31, 2023. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 11/25/2022)
Closing NAV1$17.39
Closing Market Price2$17.38
Bid/Ask Midpoint$17.41
Bid/Ask Premium0.11%
30-Day Median Bid/Ask Spread30.18%
Total Net Assets$283,516,562
Outstanding Shares16,300,002
Daily Volume12,489
Average 30-Day Daily Volume58,716
Closing Market Price 52-Week High/Low$20.55 / $14.45
Closing NAV 52-Week High/Low$20.48 / $14.51
Number of Holdings (excluding cash)56
Top Holdings (as of 11/23/2022)*
Holding Percent
Vestas Wind Systems A/S 8.10%
Orsted A/S 7.33%
Northland Power Inc. 6.79%
EDP Renovaveis SA 6.53%
China Longyuan Power Group Corporation Limited (Class H) 4.71%
Boralex Inc. 2.92%
Engie S.A. 2.59%
General Electric Company 2.47%
ABB Ltd 2.41%
Prysmian SpA 2.36%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 11/26/2022)4$0.0870
30-Day SEC Yield (as of 10/31/2022)51.83%
Unsubsidized 30-Day SEC Yield (as of 10/31/2022)61.80%
12-Month Distribution Rate (as of 10/31/2022)71.74%
Index Yield (as of 10/31/2022)82.44%
Fund Characteristics (as of 10/31/2022)10
Maximum Market Cap.$152,270
Median Market Cap.$3,926
Minimum Market Cap.$129
Price/Cash Flow8.14
Top Country Exposure (as of 11/23/2022)
Country Percent
Denmark 15.84%
United States 14.40%
Canada 13.39%
Spain 12.36%
Germany 8.22%
Italy 6.75%
China 6.47%
Switzerland 3.65%
France 3.28%
Sweden 3.16%
Bid/Ask Premium/Discount (as of 11/25/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 136 34 30 23
Days Traded at Discount 116 28 32 41
Top Sector Exposure (as of 11/23/2022)
Utilities 63.74%
Industrials 33.19%
Materials 2.83%
Energy 0.24%
Hypothetical Growth of $10,000 Since Inception (as of 11/23/2022) *