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 5/1/2023
Expenses are capped contractually at 0.60% per year, at least through April 30, 2024. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
Current Fund Data (as of 9/21/2023)
Closing NAV1$83.25
Closing Market Price2$83.25
Bid/Ask Midpoint$83.28
Bid/Ask Premium0.04%
30-Day Median Bid/Ask Spread30.08%
Total Net Assets$1,340,404,587
Outstanding Shares16,100,002
Daily Volume39,381
Average 30-Day Daily Volume43,937
Closing Market Price 52-Week High/Low$91.67 / $71.80
Closing NAV 52-Week High/Low$91.65 / $71.69
Number of Holdings (excluding cash)36
Top Holdings (as of 9/21/2023)*
Holding Percent
Roper Technologies, Inc. 4.25%
American Water Works Company, Inc. 4.12%
Waters Corporation 4.10%
Danaher Corporation 4.03%
Ecolab Inc. 4.01%
Ferguson Plc 3.97%
IDEX Corporation 3.91%
Agilent Technologies, Inc. 3.88%
Xylem Inc. 3.78%
Essential Utilities, Inc. 3.70%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 8/31/2023)4

Among 108 funds in the Natural Resources category. This fund was rated 3 stars/108 funds (3 years), 5 stars/102 funds (5 years), 5 stars/88 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 9/22/2023)5$0.1441
30-Day SEC Yield (as of 8/31/2023)60.73%
Unsubsidized 30-Day SEC Yield (as of 8/31/2023)70.73%
12-Month Distribution Rate (as of 8/31/2023)80.63%
Index Yield (as of 8/31/2023)91.27%
Fund Characteristics (as of 8/31/2023)10
Maximum Market Cap.$195,663
Median Market Cap.$5,389
Minimum Market Cap.$1,159
Price/Cash Flow17.86
Bid/Ask Premium/Discount (as of 9/21/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 114 36 47 42
Days Traded at Discount 137 26 15 15
Top Sector Exposure (as of 9/21/2023)
Industrials 51.07%