First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID)
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 SAI for full details.
Current Fund Data (as of 6/2/2023)
Closing NAV1$100.91
Closing Market Price2$101.33
Bid/Ask Midpoint$101.22
Bid/Ask Premium0.31%
30-Day Median Bid/Ask Spread30.11%
Total Net Assets$787,098,772
Outstanding Shares7,800,002
Daily Volume69,270
Average 30-Day Daily Volume53,835
Closing Market Price 52-Week High/Low$101.33 / $73.72
Closing NAV 52-Week High/Low$100.91 / $73.63
Number of Holdings (excluding cash)85
Top Holdings (as of 6/2/2023)*
Holding Percent
ABB Ltd 8.41%
Schneider Electric SE 8.26%
Eaton Corporation Plc 8.01%
National Grid Plc 7.78%
Johnson Controls International Plc 7.47%
Quanta Services, Inc. 4.19%
Samsung SDI Co., Ltd. 3.94%
SolarEdge Technologies, Inc. 3.44%
Enphase Energy, Inc. 3.24%
NVIDIA Corporation 3.18%

* 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 6/3/2023)4$0.0799
30-Day SEC Yield (as of 4/28/2023)51.29%
Unsubsidized 30-Day SEC Yield (as of 4/28/2023)61.29%
12-Month Distribution Rate (as of 4/28/2023)71.09%
Index Yield (as of 4/28/2023)82.04%
Fund Characteristics (as of 5/31/2023)10
Maximum Market Cap.$935,684
Median Market Cap.$13,213
Minimum Market Cap.$138
Price/Cash Flow13.00
Bid/Ask Premium/Discount (as of 6/2/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 121 49 38 ---
Days Traded at Discount 130 13 5 ---
Top Sector Exposure (as of 6/2/2023)
Electrical Components 24.99%
Diversified Industrials 11.94%
Multi-utilities 8.31%
Semiconductors 8.19%
Conventional Electricity 8.04%
Electronic Equipment: Control and Filter 7.52%
Renewable Energy Equipment 7.21%
Engineering and Contracting Services 5.63%
Electronic Components 3.96%
Auto Parts 3.05%
Hypothetical Growth of $10,000 Since Inception (as of 6/1/2023) *