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First Trust NASDAQ® Clean Edge® Green Energy Index Fund (QCLN)
  • 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® 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 IndexSM.
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 5/2/2022
Expenses are capped contractually at 0.60% per year, at least through April 30, 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$54.83
Closing Market Price2$54.85
Bid/Ask Midpoint$54.82
Bid/Ask Discount0.02%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$1,888,947,348
Outstanding Shares34,450,002
Daily Volume125,052
Average 30-Day Daily Volume189,315
Closing Market Price 52-Week High/Low$73.82 / $46.08
Closing NAV 52-Week High/Low$73.80 / $46.05
Number of Holdings (excluding cash)62
Top Holdings (as of 12/7/2022)*
Holding Percent
Enphase Energy, Inc. 10.08%
ON Semiconductor Corporation 9.09%
Albemarle Corporation 8.76%
Rivian Automotive, Inc. (Class A) 7.59%
Tesla, Inc. 5.75%
First Solar, Inc. 5.26%
SolarEdge Technologies, Inc. 5.13%
Wolfspeed, Inc. 3.22%
Lucid Group, Inc. (Class A) 2.56%
Brookfield Renewable Partners LP 2.42%

* 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$0.0575
30-Day SEC Yield (as of 11/30/2022)50.31%
Unsubsidized 30-Day SEC Yield (as of 11/30/2022)60.31%
12-Month Distribution Rate (as of 11/30/2022)70.12%
Index Yield (as of 11/30/2022)80.51%
Fund Characteristics (as of 11/30/2022)10
Maximum Market Cap.$614,814
Median Market Cap.$2,984
Minimum Market Cap.$83
Price/Cash Flow20.06
Bid/Ask Premium/Discount (as of 12/7/2022)