First Trust Water ETF (FIW)
  • 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 - 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. 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 12/2/2022)
Closing NAV1$84.17
Closing Market Price2$84.21
Bid/Ask Midpoint$84.18
Bid/Ask Premium0.01%
30-Day Median Bid/Ask Spread30.11%
Total Net Assets$1,325,666,884
Outstanding Shares15,750,002
Daily Volume37,809
Average 30-Day Daily Volume48,390
Closing Market Price 52-Week High/Low$94.80 / $67.71
Closing NAV 52-Week High/Low$94.73 / $67.75
Number of Holdings (excluding cash)36
Top Holdings (as of 12/2/2022)*
Holding Percent
IDEXX Laboratories, Inc. 4.65%
Xylem Inc. 4.63%
Agilent Technologies, Inc. 4.51%
IDEX Corporation 4.46%
Roper Technologies, Inc. 4.09%
American Water Works Company, Inc. 3.85%
AECOM 3.82%
Danaher Corporation 3.77%
Tetra Tech, Inc. 3.70%
Essential Utilities, Inc. 3.65%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 10/31/2022)4

Among 105 funds in the Natural Resources category. This fund was rated 4 stars/105 funds (3 years), 5 stars/100 funds (5 years), 5 stars/87 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 12/5/2022)5$0.1050
30-Day SEC Yield (as of 10/31/2022)60.74%
Unsubsidized 30-Day SEC Yield (as of 10/31/2022)70.74%
12-Month Distribution Rate (as of 10/31/2022)80.61%
Index Yield (as of 10/31/2022)91.17%
Fund Characteristics (as of 11/30/2022)11
Maximum Market Cap.$199,032
Median Market Cap.$5,286
Minimum Market Cap.$1,298
Price/Cash Flow17.88
Bid/Ask Premium/Discount (as of 12/2/2022)
  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 12/2/2022)
Industrials 53.26%
Utilities 19.56%
Health Care 12.96%
Information Technology 8.50%
Materials 3.44%
Consumer Staples 2.28%
Hypothetical Growth of $10,000 Since Inception (as of 12/2/2022) *