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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 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 9/17/2021)
Closing NAV1$96.73
Closing Market Price2$96.85
Bid/Ask Midpoint$96.90
Bid/Ask Premium0.18%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$551,382,941
Outstanding Shares5,700,002
Daily Volume58,292
Average 30-Day Daily Volume66,764
Closing Market Price 52-Week High/Low$99.96 / $59.97
Closing NAV 52-Week High/Low$99.96 / $59.85
Number of Holdings (excluding cash)71
Top Holdings (as of 9/17/2021)*
Holding Percent
Schneider Electric SE 8.18%
Johnson Controls International Plc 8.12%
Aptiv Plc 7.84%
ABB Ltd 7.81%
Eaton Corporation Plc 7.62%
Quanta Services, Inc. 4.72%
SolarEdge Technologies, Inc. 3.95%
TERNA - Rete Elettrica Nazionale SpA 3.94%
Prysmian SpA 3.89%
Enphase Energy, Inc. 3.77%

* 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 9/20/2021)4$0.3393
30-Day SEC Yield (as of 8/31/2021)50.69%
Unsubsidized 30-Day SEC Yield (as of 8/31/2021)60.69%
12-Month Distribution Rate (as of 8/31/2021)70.74%
Index Yield (as of 8/31/2021)81.45%
Fund Characteristics (as of 8/31/2021)10
Maximum Market Cap.$728,374
Median Market Cap.$14,316
Minimum Market Cap.$220
Price/Cash Flow17.72
Bid/Ask Premium/Discount (as of 9/17/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 187 57 58 47
Days Traded at Discount 66 4 5 8
Top Sector Exposure (as of 9/17/2021)
Electrical Components 23.56%
Conventional Electricity 12.44%
Diversified Industrials 11.99%
Renewable Energy Equipment 8.25%
Electronic Equipment: Control and Filter 8.14%
Auto Parts 7.86%
Engineering and Contracting Services 5.48%
Semiconductors 4.67%
Electronic Equipment: Gauges and Meters 4.06%
Electronic Components 3.68%
Hypothetical Growth of $10,000 Since Inception (as of 9/17/2021) *