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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™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • 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.
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 5/1/2023
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.
Current Fund Data (as of 5/26/2023)
Closing NAV1$48.20
Closing Market Price2$48.22
Bid/Ask Midpoint$48.20
Bid/Ask Discount0.01%
30-Day Median Bid/Ask Spread30.09%
Total Net Assets$1,489,254,377
Outstanding Shares30,900,002
Daily Volume178,373
Average 30-Day Daily Volume128,014
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
Top Holdings (as of 5/26/2023)*
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.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 5/28/2023)4$0.0522
30-Day SEC Yield (as of 4/28/2023)50.63%
Unsubsidized 30-Day SEC Yield (as of 4/28/2023)60.63%
12-Month Distribution Rate (as of 4/28/2023)70.46%
Index Yield (as of 4/28/2023)80.74%
Fund Characteristics (as of 4/28/2023)10
Maximum Market Cap.$520,781
Median Market Cap.$2,368
Minimum Market Cap.$91
Price/Cash Flow14.50
Bid/Ask Premium/Discount (as of 5/26/2023)