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First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID)
  • 2022 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
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.
Index Description According to the Index Provider
  • 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*0.63%
Net Expense Ratio*0.63%
* As of 2/1/2022
Expenses are capped contractually at 0.70% per year, at least through January 31, 2023. 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 12/7/2022)
Closing NAV1$91.30
Closing Market Price2$91.34
Bid/Ask Midpoint$91.41
Bid/Ask Premium0.12%
30-Day Median Bid/Ask Spread30.13%
Total Net Assets$680,213,844
Outstanding Shares7,450,002
Daily Volume20,326
Average 30-Day Daily Volume43,478
Closing Market Price 52-Week High/Low$103.79 / $73.72
Closing NAV 52-Week High/Low$103.55 / $73.63
Number of Holdings (excluding cash)83
Top Holdings (as of 12/7/2022)*
Holding Percent
Schneider Electric SE 8.83%
Eaton Corporation Plc 8.40%
ABB Ltd 8.14%
Enphase Energy, Inc. 7.60%
National Grid Plc 7.24%
Johnson Controls International Plc 4.47%
Samsung SDI Co., Ltd. 4.37%
SolarEdge Technologies, Inc. 4.00%
Quanta Services, Inc. 3.83%
Aptiv Plc 3.82%

* 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 12/8/2022)4$0.2712
30-Day SEC Yield (as of 11/30/2022)51.23%
Unsubsidized 30-Day SEC Yield (as of 11/30/2022)61.23%
12-Month Distribution Rate (as of 11/30/2022)70.93%
Index Yield (as of 11/30/2022)81.94%
Fund Characteristics (as of 11/30/2022)10
Maximum Market Cap.$614,814
Median Market Cap.$14,648
Minimum Market Cap.$110
Price/Cash Flow15.08
Bid/Ask Premium/Discount (as of 12/7/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 227 43 18 35
Days Traded at Discount 25 19 44 29
Top Sector Exposure (as of 12/7/2022)
Electrical Components 25.18%
Diversified Industrials 12.14%
Renewable Energy Equipment 11.99%
Conventional Electricity 8.38%
Multi-utilities 7.72%
Semiconductors 7.03%
Electronic Equipment: Control and Filter 4.48%
Electronic Components 4.38%
Engineering and Contracting Services 4.25%
Auto Parts 3.83%
Hypothetical Growth of $10,000 Since Inception (as of 12/7/2022) *