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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 OMX Clean Edge Smart Grid Infrastructure IndexSM.
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
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 6/22/2021)
Closing NAV1$91.14
Closing Market Price2$91.09
Bid/Ask Midpoint$91.00
Bid/Ask Discount0.15%
30-Day Median Bid/Ask Spread30.08%
Total Net Assets$419,237,975
Outstanding Shares4,600,002
Daily Volume14,986
Average 30-Day Daily Volume36,767
Closing Market Price 52-Week High/Low$92.23 / $52.95
Closing NAV 52-Week High/Low$91.98 / $52.89
Number of Holdings (excluding cash)70
Top Holdings (as of 6/22/2021)*
Holding Percent
Schneider Electric SE 8.06%
Aptiv Plc 7.94%
Johnson Controls International Plc 7.90%
ABB Ltd 7.84%
Eaton Corporation Plc 7.75%
Enphase Energy, Inc. 4.61%
Samsung SDI Co., Ltd. 4.29%
SolarEdge Technologies, Inc. 3.98%
TERNA - Rete Elettrica Nazionale SpA 3.88%
Prysmian SpA 3.85%

* 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 6/23/2021)4$0.0499
30-Day SEC Yield (as of 5/28/2021)50.38%
Unsubsidized 30-Day SEC Yield (as of 5/28/2021)60.38%
12-Month Distribution Rate (as of 5/28/2021)70.60%
Index Yield (as of 5/28/2021)81.65%
For funds with certain equity strategies, due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain of the issuers of the securities included in the fund may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "12-Month Distribution Rate," which is based on the fund's trailing 12-month ordinary distributions, will likely be higher, and in some cases significantly higher, than the actual 12-month distribution rate achieved by the fund.
Fund Characteristics (as of 5/28/2021)10
Maximum Market Cap.$602,293
Median Market Cap.$13,349
Minimum Market Cap.$209
Price/Cash Flow17.74
Bid/Ask Premium/Discount (as of 6/22/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 187 57 54 ---
Days Traded at Discount 66 4 3 ---
Top Sector Exposure (as of 6/22/2021)
Electrical Components 22.55%
Diversified Industrials 12.12%
Conventional Electricity 11.84%
Renewable Energy Equipment 9.24%
Auto Parts 8.76%
Electronic Equipment: Control and Filter 7.94%
Semiconductors 4.99%
Engineering and Contracting Services 4.37%
Electronic Components 4.31%
Electronic Equipment: Gauges and Meters 4.22%
Hypothetical Growth of $10,000 Since Inception (as of 6/22/2021) *