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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.
  • 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*0.75%
Net Expense Ratio*0.70%
* As of 2/1/2021
Expenses are capped contractually at 0.70% per year, at least until January 31, 2022.
Current Fund Data (as of 1/21/2022)
Closing NAV1$93.29
Closing Market Price2$93.36
Bid/Ask Midpoint$93.27
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.11%
Total Net Assets$760,336,252
Outstanding Shares8,150,002
Daily Volume118,750
Average 30-Day Daily Volume64,926
Closing Market Price 52-Week High/Low$105.79 / $81.22
Closing NAV 52-Week High/Low$105.73 / $80.95
Number of Holdings (excluding cash)72
Top Holdings (as of 1/21/2022)*
Holding Percent
ABB Ltd 9.09%
Schneider Electric SE 8.67%
Eaton Corporation Plc 8.43%
Johnson Controls International Plc 8.27%
Aptiv Plc 7.44%
TERNA - Rete Elettrica Nazionale SpA 4.52%
Samsung SDI Co., Ltd. 4.21%
Red Electrica Corporacion S.A. 4.08%
Prysmian SpA 4.05%
Quanta Services, Inc. 3.67%

* 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 1/23/2022)4$0.0383
30-Day SEC Yield (as of 12/31/2021)50.87%
Unsubsidized 30-Day SEC Yield (as of 12/31/2021)60.87%
12-Month Distribution Rate (as of 12/31/2021)70.63%
Index Yield (as of 12/31/2021)81.52%
Fund Characteristics (as of 12/31/2021)10
Maximum Market Cap.$1,063,564
Median Market Cap.$12,565
Minimum Market Cap.$199
Price/Cash Flow18.59
Bid/Ask Premium/Discount (as of 1/21/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 227 13 --- ---
Days Traded at Discount 25 1 --- ---
Top Sector Exposure (as of 1/21/2022)
Electrical Components 26.24%
Diversified Industrials 12.90%
Conventional Electricity 12.55%
Electronic Equipment: Control and Filter 8.29%
Auto Parts 7.46%
Renewable Energy Equipment 5.46%
Semiconductors 4.50%
Engineering and Contracting Services 4.46%
Electronic Components 4.22%
Electronic Equipment: Gauges and Meters 3.84%
Hypothetical Growth of $10,000 Since Inception (as of 1/20/2022) *