|
|
 |
|
Investment Objective/Strategy - The First Trust NASDAQ® Clean Edge® Green Energy Index Fund is an exchange-traded index fund. The objective of the Fund is to seek 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® Green Energy™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The index begins with a universe of common stocks and depositary receipts of small, mid and large cap companies listed on a U.S. securities exchange.
- To be eligible for the index, a security must be issued by companies classified as technology manufacturers, developers, distributors, and/or installers in one of the following sub-sectors:
- Advanced Materials – Nanotech, membranes, silicon, lithium, carbon capture and utilization and other materials and processes that enable clean-energy technologies.
- Energy Intelligence – Conservation, automated meter reading, energy management systems, smart grid, superconductors and power controls.
- Renewable Electricity Generation & Renewable Fuels – Solar photovoltaics, concentrating solar, wind, geothermal, and ethanol, biodiesel, biofuel enabling enzymes.
- Energy Storage & Conversion – Advanced batteries, hybrid drivetrains, hydrogen, fuel cells for stationary, portable and transportation applications.
- The security’s issuer must not be identified by the U.S. Securities and Exchange Commission as having used to audit its financial statements an accounting firm that has been identified by the Public Company Accounting Oversight Board (PCAOB) under the Holding Foreign Companies Accountable Act (HFCAA).
- Eligible securities must:
- Be issued by a company with a market capitalization of at least $150 million;
- Have a minimum average daily trading volume of at least 100,000 shares;
- Have a minimum closing price per share of $1.
- Securities selected for inclusion in the index are weighted according to modified market capitalization methodology.
- The index is rebalanced quarterly and reconstituted semi-annually.
| Ticker | QCLN |
| Fund Type | Alternative Energy |
| Investment Advisor | First Trust Advisors L.P. |
| Investor Servicing Agent | Bank of New York Mellon Corp |
| CUSIP | 33733E500 |
| ISIN | US33733E5006 |
| Intraday NAV | QCLNIV |
| Fiscal Year-End | 12/31 |
| Exchange | Nasdaq |
| Inception | 2/8/2007 |
| Inception Price | $20.00 |
| Inception NAV | $20.00 |
| Rebalance Frequency | Quarterly |
| Gross Expense Ratio* | 0.58% |
| Net Expense Ratio* | 0.58% |
* 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 SAI for full details.
| Closing NAV1 | $48.20 |
| Closing Market Price2 | $48.22 |
| Bid/Ask Midpoint | $48.20 |
| Bid/Ask Discount | 0.01% |
| 30-Day Median Bid/Ask Spread3 | 0.09% |
| Total Net Assets | $1,489,254,377 |
| Outstanding Shares | 30,900,002 |
| Daily Volume | 178,373 |
| Average 30-Day Daily Volume | 128,014 |
| Closing Market Price 52-Week High/Low | $68.45 / $43.56 |
| Closing NAV 52-Week High/Low | $68.46 / $43.54 |
| Number of Holdings (excluding cash) | 64 |
| Holding |
Percent |
| ON Semiconductor Corporation |
9.87% |
| Tesla, Inc. |
8.29% |
| First Solar, Inc. |
7.53% |
| Albemarle Corporation |
7.08% |
| Enphase Energy, Inc. |
6.92% |
| SolarEdge Technologies, Inc. |
4.09% |
| Lucid Group, Inc. (Class A) |
3.80% |
| Rivian Automotive, Inc. (Class A) |
3.46% |
| Brookfield Renewable Partners LP |
3.30% |
| Allegro Microsystems, Inc. |
2.93% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
| Maximum Market Cap. | $520,781 |
| Median Market Cap. | $2,368 |
| Minimum Market Cap. | $91 |
| Price/Book | 2.87 |
| Price/Cash Flow | 14.50 |
| Price/Sales | 3.71 |
| | |