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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.
Ticker | FAN |
Fund Type | Foreign Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33736G106 |
ISIN | US33736G1067 |
Intraday NAV | FANIV |
Fiscal Year-End | 09/30 |
Exchange | NYSE Arca |
Inception | 6/16/2008 |
Inception Price | $30.00 |
Inception NAV | $30.00 |
Rebalance Frequency | Semi-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.
Closing NAV1 | $21.91 |
Closing Market Price2 | $21.89 |
Bid/Ask Midpoint | $21.96 |
Bid/Ask Premium | 0.23% |
30-Day Median Bid/Ask Spread3 | 0.08% |
Total Net Assets | $422,855,127 |
Outstanding Shares | 19,300,002 |
Daily Volume | 237,587 |
Average 30-Day Daily Volume | 436,866 |
Closing Market Price 52-Week High/Low | $26.02 / $10.23 |
Closing NAV 52-Week High/Low | $25.87 / $10.21 |
Number of Holdings (excluding cash) | 47 |
Holding |
Percent |
Siemens Gamesa Renewable Energy |
8.74% |
Vestas Wind Systems A/S |
7.76% |
Northland Power Inc. |
7.47% |
China Longyuan Power Group Corporation Limited (Class H) |
7.44% |
Orsted A/S |
7.21% |
Boralex Inc. |
5.38% |
Innergex Renewable Energy, Inc. |
3.45% |
General Electric Company |
3.12% |
Xinjiang Goldwind Science & Technology Co., Ltd. (Class H) |
2.97% |
TPI Composites, Inc. |
2.92% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $144,012 |
Median Market Cap. | $8,806 |
Minimum Market Cap. | $293 |
Price/Earnings | 25.39 |
Price/Book | 2.50 |
Price/Cash Flow | 12.06 |
Price/Sales | 1.66 |
Country |
Percent |
Canada |
16.60% |
Denmark |
15.00% |
United States |
12.19% |
Spain |
12.09% |
China |
11.52% |
Germany |
5.48% |
Japan |
5.03% |
Italy |
4.55% |
Switzerland |
3.96% |
South Korea |
2.63% |
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2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
183 |
27 |
--- |
--- |
Days Traded at Discount |
70 |
11 |
--- |
--- |
Utilities
|
54.31%
|
Industrials
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42.12%
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Materials
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3.49%
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Energy
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0.08%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FAN |
22.15% |
10.35 |
0.88 |
0.94 |
0.78 |
MSCI World Index |
18.39% |
-3.12 |
0.93 |
0.44 |
0.99 |
Russell 3000® Index |
19.57% |
--- |
1.00 |
0.61 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
MSCI World Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of 23 developed markets around the world. Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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