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First Trust NASDAQ® Clean Edge® Green Energy Index Fund (QCLN)
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 IndexSM.
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 designed to track the performance of clean energy companies that are publicly traded in the United States and includes companies engaged in manufacturing, development, distribution and installation of emerging clean-energy technologies including, but not limited to, solar photovoltaics, wind power, advanced batteries, fuel cells, and electric vehicles.
  • The Nasdaq® Clean Edge® Green Energy IndexSM is a modified market cap weighted index in which larger companies receive a larger index weighting. The Index weighting methodology includes caps to prevent high concentrations among larger alternative energy stocks.
  • The Index is reconstituted twice a year in March and September and rebalanced quarterly.
Fund Overview
Fund TypeAlternative Energy
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.58%
Net Expense Ratio*0.58%
* As of 5/2/2022
Expenses are capped contractually at 0.60% per year, at least through April 30, 2023.
Current Fund Data (as of 9/29/2022)
Closing NAV1$57.05
Closing Market Price2$57.14
Bid/Ask Midpoint$57.08
Bid/Ask Premium0.04%
30-Day Median Bid/Ask Spread30.06%
Total Net Assets$2,079,507,544
Outstanding Shares36,450,002
Daily Volume675,820
Average 30-Day Daily Volume296,999
Closing Market Price 52-Week High/Low$81.69 / $46.08
Closing NAV 52-Week High/Low$81.72 / $46.05
Number of Holdings (excluding cash)62
Top Holdings (as of 9/29/2022)*
Holding Percent
Albemarle Corporation 8.67%
Tesla, Inc. 8.52%
Enphase Energy, Inc. 8.49%
Rivian Automotive, Inc. (Class A) 8.43%
ON Semiconductor Corporation 7.84%
First Solar, Inc. 4.28%
Lucid Group, Inc. (Class A) 4.05%
Wolfspeed, Inc. 3.97%
SolarEdge Technologies, Inc. 3.74%
Plug Power Inc. 3.28%

* 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 9/30/2022)4$0.0575
30-Day SEC Yield (as of 8/31/2022)50.27%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)60.27%
12-Month Distribution Rate (as of 8/31/2022)70.02%
Index Yield (as of 8/31/2022)80.45%
Fund Characteristics (as of 8/31/2022)10
Maximum Market Cap.$863,616
Median Market Cap.$3,051
Minimum Market Cap.$114
Price/Cash Flow21.61
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 138 28 32 28
Days Traded at Discount 114 34 30 35
Top Industry Exposure (as of 9/29/2022)
Renewable Energy Equipment 24.76%
Automobiles 21.02%
Semiconductors 15.44%
Alternative Electricity 11.43%
Chemicals: Diversified 10.70%
Alternative Fuels 4.73%
Specialty Chemicals 1.69%
General Mining 1.47%
Electronic Components 1.40%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *