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Investment Objective/Strategy - The First Trust Water 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 fees and expenses, of an equity index called the ISE Clean Edge Water Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry.
  • The Index begins by establishing the total population of stocks in the potable and wastewater industry and eliminates stocks which do not meet the Index's baseline eligibility requirements.
  • To meet Index eligibility, a stock must satisfy market capitalization, liquidity and weighting concentration requirements.
  • The Index selects the top 36 stocks in the industry by market capitalization.
  • The Index is rebalanced on the application of the above model on a semi-annual basis.
Fund Overview
Fund TypeSector - Water
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencySemi-Annual
Gross Expense Ratio*0.53%
Net Expense Ratio*0.53%
* As of 5/2/2022
Expenses are capped contractually at 0.60% per year, at least through April 30, 2023.
Current Fund Data (as of 9/30/2022)
Closing NAV1$71.69
Closing Market Price2$71.80
Bid/Ask Midpoint$71.76
Bid/Ask Premium0.10%
30-Day Median Bid/Ask Spread30.10%
Total Net Assets$1,143,479,025
Outstanding Shares15,950,002
Daily Volume42,827
Average 30-Day Daily Volume67,964
Closing Market Price 52-Week High/Low$94.96 / $67.71
Closing NAV 52-Week High/Low$94.89 / $67.75
Number of Holdings (excluding cash)36
Top Holdings (as of 9/30/2022)*
Holding Percent
IDEX Corporation 4.33%
Xylem Inc. 4.18%
Danaher Corporation 4.17%
Agilent Technologies, Inc. 4.13%
IDEXX Laboratories, Inc. 4.09%
Advanced Drainage Systems, Inc. 4.00%
Roper Technologies, Inc. 3.89%
Ecolab Inc. 3.84%
American Water Works Company, Inc. 3.82%
Essential Utilities, Inc. 3.67%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 8/31/2022)4

Among 106 funds in the Natural Resources category. This fund was rated 4 stars/106 funds (3 years), 5 stars/99 funds (5 years), 5 stars/87 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 10/3/2022)5$0.1050
30-Day SEC Yield (as of 8/31/2022)60.81%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)70.81%
12-Month Distribution Rate (as of 8/31/2022)80.59%
Index Yield (as of 8/31/2022)91.18%
Fund Characteristics (as of 8/31/2022)11
Maximum Market Cap.$196,345
Median Market Cap.$5,090
Minimum Market Cap.$1,193
Price/Cash Flow16.75
Bid/Ask Premium/Discount (as of 9/30/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 210 15 23 35
Days Traded at Discount 42 47 39 29
Top Sector Exposure (as of 9/30/2022)
Industrials 53.53%
Utilities 20.16%
Health Care 12.41%
Information Technology 7.97%
Materials 3.85%
Consumer Staples 2.08%
Hypothetical Growth of $10,000 Since Inception (as of 9/30/2022) *