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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.
Index Description According to the Index Provider
  • The Index measures the performance of public companies throughout the world that are active in the wind energy industry. To be eligible for inclusion in the index a company must be listed on an index eligible global stock exchange and 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, or involvement in the design, manufacture or distribution of machinery or materials designed specifically for the wind energy industry.
  • Each security must have a minimum market capitalization of $100 million, minimum 3-month average daily dollar trading volume of $500,000 and a minimum free float of 25%.
  • Clean Edge identifies each eligible company as either “Pure Play” or “Diversified”:
    • Pure Play companies derive at least 50% of their revenue and/or generating assets (energy capacity and/or production) from wind-related activities.
    • Diversified companies are those simply involved and engaged in some aspect of the wind energy industry.
  • Pure Play companies are given a collective weight of 60% and Diversified companies are given a collective weight of 40%.The index uses a modified market capitalization weighted methodology for each group of companies. The Pure Play companies are weighted so that the five largest Pure Play companies may not exceed 8% each of the entire index and the remaining Pure Play companies may not exceed 4% each of the entire index. No Diversified company may exceed 2% of the entire index.
  • 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 Corp
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*0.63%
Net Expense Ratio*0.60%
* As of 2/1/2022
Expenses are capped contractually at 0.60% per year, at least through January 31, 2023.
Current Fund Data (as of 9/30/2022)
Closing NAV1$15.15
Closing Market Price2$15.12
Bid/Ask Midpoint$15.12
Bid/Ask Discount0.20%
30-Day Median Bid/Ask Spread30.17%
Total Net Assets$243,922,138
Outstanding Shares16,100,002
Daily Volume41,294
Average 30-Day Daily Volume102,917
Closing Market Price 52-Week High/Low$22.20 / $15.12
Closing NAV 52-Week High/Low$22.22 / $15.15
Number of Holdings (excluding cash)55
Top Holdings (as of 9/30/2022)*
Holding Percent
Northland Power Inc. 8.04%
Orsted A/S 7.65%
Vestas Wind Systems A/S 6.89%
EDP Renovaveis SA 6.52%
China Longyuan Power Group Corporation Limited (Class H) 5.51%
Boralex Inc. 3.75%
Innergex Renewable Energy, Inc. 2.71%
Engie S.A. 2.27%
Owens Corning 2.27%
RWE AG 2.26%

* 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 10/3/2022)4$0.0870
30-Day SEC Yield (as of 8/31/2022)51.38%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)61.37%
12-Month Distribution Rate (as of 8/31/2022)71.83%
Index Yield (as of 8/31/2022)82.11%
Fund Characteristics (as of 8/31/2022)10
Maximum Market Cap.$167,124
Median Market Cap.$4,823
Minimum Market Cap.$153
Price/Earnings20.58
Price/Book2.23
Price/Cash Flow9.55
Price/Sales1.44
Top Country Exposure (as of 9/30/2022)
Country Percent
Canada 16.12%
Denmark 15.00%
United States 14.44%
Spain 12.18%
China 7.40%
Germany 7.01%
Italy 6.31%
Switzerland 3.42%
Sweden 3.13%
France 2.93%
Bid/Ask Premium/Discount (as of 9/30/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 136 34 30 23
Days Traded at Discount 116 28 32 41
Top Sector Exposure (as of 9/30/2022)
Utilities 67.35%
Industrials 30.09%
Materials 2.33%
Energy 0.23%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *