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First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID)
  • 2023 Estimated Capital Gain Distributions
    Please note that none of our First Trust Exchange-Traded Funds are expected to pay a special long-term capital gain distribution in December. Also, none of the First Trust Exchange-Traded Funds are expected to pay any special short-term capital gain distributions in December. 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.
Investment Objective/Strategy - The First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Clean Edge Smart Grid Infrastructure 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 designed to track the performance of common stocks in the grid and electric energy infrastructure sector.The index includes companies that are primarily engaged and involved in electric grid, electric meters and devices, networks, energy storage and management, and enabling software used by the smart grid infrastructure sector.
  • To be included in the Index, a security must meet certain criteria including being classified as a smart grid, electric infrastructure and/or other grid-related activities company according to Clean Edge, have a minimum worldwide market capitalization of $100 million, have a minimum free float of 20%, and have a minimum three-month average daily dollar trading volume of $500 thousand.
  • The Index employs a modified market-capitalization weighting methodology. At each evaluation, the Index securities are classified as Pure Play or Diversified. The Pure Play securities are given a collective weight of 80% and the Diversified securities are given a collective weight of 20% in the index.
  • The Index is rebalanced quarterly and reconstituted semi-annually.
Fund Overview
Fund TypeGlobal Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.58%
Net Expense Ratio*0.58%
* As of 2/1/2023
Expenses are capped contractually at 0.70% per year, at least through January 31, 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 12/6/2023)
Closing NAV1$97.59
Closing Market Price2$97.43
Bid/Ask Midpoint$97.44
Bid/Ask Discount0.15%
30-Day Median Bid/Ask Spread30.10%
Total Net Assets$766,078,573
Outstanding Shares7,850,002
Daily Volume32,639
Average 30-Day Daily Volume130,076
Closing Market Price 52-Week High/Low$107.86 / $85.32
Closing NAV 52-Week High/Low$107.69 / $85.46
Number of Holdings (excluding cash)100
Top Holdings (as of 12/6/2023)*
Holding Percent
Schneider Electric SE 8.88%
ABB Ltd 8.74%
National Grid Plc 8.37%
Eaton Corporation Plc 8.11%
Johnson Controls International Plc 6.92%
Quanta Services, Inc. 3.76%
Aptiv Plc 3.28%
Samsung SDI Co., Ltd. 2.93%
Hubbell Incorporated 2.80%
Enphase Energy, Inc. 2.77%

* 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 12/7/2023)4$0.1589
30-Day SEC Yield (as of 10/31/2023)51.74%
Unsubsidized 30-Day SEC Yield (as of 10/31/2023)61.74%
12-Month Distribution Rate (as of 10/31/2023)71.40%
Index Yield (as of 10/31/2023)82.38%
Fund Characteristics (as of 11/30/2023)9
Maximum Market Cap.$1,155,219
Median Market Cap.$7,715
Minimum Market Cap.$208
Price/Cash Flow11.10
Bid/Ask Premium/Discount (as of 12/6/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 121 49 56 39
Days Traded at Discount 130 13 6 24
Top Sector Exposure (as of 12/6/2023)
Electrical Components 29.41%
Diversified Industrials 12.03%
Conventional Electricity 11.32%
Multi-utilities 8.92%
Electronic Equipment: Control and Filter 6.95%
Semiconductors 6.75%
Engineering and Contracting Services 5.99%
Renewable Energy Equipment 4.02%
Auto Parts 3.39%
Automobiles 2.16%
Hypothetical Growth of $10,000 Since Inception (as of 12/6/2023) *