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First Trust Global Wind Energy ETF (FAN)
Investment Objective/Strategy - First Trust Global Wind Energy ETF is an exchange-traded fund. The investment 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 ISE Clean Edge Global Wind Energy Index.
There can be no assurance that the Fund's investment objectives will be achieved.
This exchange-traded fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the ISE Clean Edge Global Wind Energy Index. The index is constructed as follows:
  • Companies in the index universe that are identified as providing goods and services exclusively to the wind energy industry are given an aggregate weight of 60% of the index.Those companies determined to be significant participants in the wind energy industry despite not being exclusive to such industry are given an aggregate weight of 40% of the index.This weighting is done to ensure that companies that are exclusive to the wind energy industry, which generally have smaller market capitalizations relative to their multi-industry counterparts, are adequately represented in the index.
  • The index uses a modified market capitalization weighted methodology for each group of companies. The methodology organizes the companies into quintiles based upon their market capitalization. The quintiles containing larger market capitalization companies receive a higher weight than those quintiles containing small market capitalization companies.The resulting weight distribution prevents a few large companies from dominating the index while allowing smaller companies to adequately influence index performance.The companies are equally-weighted within each quintile.
  • The component security must be actively engaged in some aspect of the wind energy industry such as the development or management of a wind farm, the production or distribution of electricity generated by wind power, involvement in the design, manufacture or distribution of machinery or materials designed specifically for the wind energy industry.
  • Each component security must have a market capitalization of at least $100 million and meet certain investability requirements.
  • The index is reconstituted and rebalanced semi-annually.
Fund Overview
TickerFAN
Fund TypeForeign Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
CUSIP33736G106
ISINUS33736G1067
Intraday NAVFANIV
Fiscal Year-End09/30
ExchangeNYSE Arca
Inception6/16/2008
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencySemi-Annual
Gross Expense Ratio*0.67%
Net Expense Ratio*0.60%
* As of 2/1/2021
Expenses are capped contractually at 0.60% per year, at least until January 31, 2022.
Current Fund Data (as of 5/12/2021)
Closing NAV1$20.34
Closing Market Price2$20.29
Bid/Ask Midpoint$20.27
Bid/Ask Discount0.34%
30-Day Median Bid/Ask Spread30.09%
Total Net Assets$377,354,428
Outstanding Shares18,550,002
Daily Volume190,687
Average 30-Day Daily Volume241,459
Closing Market Price 52-Week High/Low$26.02 / $12.50
Closing NAV 52-Week High/Low$25.87 / $12.47
Number of Holdings (excluding cash)51
Top Holdings (as of 5/12/2021)*
Holding Percent
Vestas Wind Systems A/S 8.34%
Northland Power Inc. 7.48%
Orsted A/S 7.23%
Siemens Gamesa Renewable Energy 6.95%
China Longyuan Power Group Corporation Limited (Class H) 5.56%
Boralex Inc. 3.21%
Alliant Energy Corporation 2.58%
Duke Energy Corporation 2.53%
ABB Ltd 2.44%
SSE Plc 2.35%

* 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 5/13/2021)4$0.0519
30-Day SEC Yield (as of 4/30/2021)50.92%
Unsubsidized 30-Day SEC Yield (as of 4/30/2021)60.92%
12-Month Distribution Rate (as of 4/30/2021)70.94%
Index Yield (as of 4/30/2021)81.88%
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 4/30/2021)10
Maximum Market Cap.$152,032
Median Market Cap.$4,726
Minimum Market Cap.$89
Price/Earnings27.70
Price/Book2.53
Price/Cash Flow13.53
Price/Sales1.76
Top Country Exposure (as of 5/12/2021)
Country Percent
Denmark 15.61%
Canada 14.87%
United States 14.12%
Spain 13.22%
China 8.07%
Germany 6.84%
Italy 5.19%
Switzerland 4.45%
Sweden 2.87%
France 2.62%
Bid/Ask Premium/Discount (as of 5/12/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 183 39 14 ---
Days Traded at Discount 70 22 15 ---
Top Sector Exposure (as of 5/12/2021)
Utilities 58.07%
Industrials 38.53%
Materials 3.14%
Energy 0.26%
Hypothetical Growth of $10,000 Since Inception (as of 5/12/2021) *