First Trust Water ETF (FIW)
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 3/20/2023)
Closing NAV1$80.14
Closing Market Price2$80.21
Bid/Ask Midpoint$80.14
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.11%
Total Net Assets$1,246,150,936
Outstanding Shares15,550,002
Daily Volume35,533
Average 30-Day Daily Volume37,348
Closing Market Price 52-Week High/Low$86.50 / $67.71
Closing NAV 52-Week High/Low$86.54 / $67.75
Number of Holdings (excluding cash)36
Top Holdings (as of 3/20/2023)*
Holding Percent
IDEXX Laboratories, Inc. 4.22%
American Water Works Company, Inc. 4.20%
Roper Technologies, Inc. 4.15%
Essential Utilities, Inc. 4.13%
Danaher Corporation 4.09%
Ecolab Inc. 4.05%
IDEX Corporation 4.04%
AECOM 3.95%
Xylem Inc. 3.93%
Agilent Technologies, Inc. 3.92%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 1/31/2023)4

Among 106 funds in the Natural Resources category. This fund was rated 3 stars/106 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 3/21/2023)5$0.1589
30-Day SEC Yield (as of 2/28/2023)60.69%
Unsubsidized 30-Day SEC Yield (as of 2/28/2023)70.69%
12-Month Distribution Rate (as of 2/28/2023)80.64%
Index Yield (as of 2/28/2023)91.16%
Fund Characteristics (as of 2/28/2023)11
Maximum Market Cap.$180,345
Median Market Cap.$5,881
Minimum Market Cap.$1,236
Price/Cash Flow17.85
Bid/Ask Premium/Discount (as of 3/20/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 114 33 --- ---
Days Traded at Discount 137 20 --- ---
Top Sector Exposure (as of 3/20/2023)
Industrials 49.81%
Utilities 22.56%
Health Care 12.26%
Information Technology 8.10%
Materials 5.38%
Consumer Staples 1.89%
Hypothetical Growth of $10,000 Since Inception (as of 3/20/2023) *