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First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID)
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 OMX Clean Edge Smart Grid Infrastructure IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
  • 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
TickerGRID
Fund TypeGlobal Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
CUSIP33737A108
ISINUS33737A1088
Intraday NAVGRIDIV
Fiscal Year-End09/30
ExchangeNasdaq
Inception11/16/2009
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.75%
Net Expense Ratio*0.70%
* As of 2/1/2021
Expenses are capped contractually at 0.70% per year, at least until January 31, 2022.
Current Fund Data (as of 7/23/2021)
Closing NAV1$94.41
Closing Market Price2$94.49
Bid/Ask Midpoint$94.55
Bid/Ask Premium0.15%
30-Day Median Bid/Ask Spread30.08%
Total Net Assets$434,304,948
Outstanding Shares4,600,002
Daily Volume25,275
Average 30-Day Daily Volume35,892
Closing Market Price 52-Week High/Low$94.62 / $58.03
Closing NAV 52-Week High/Low$94.57 / $58.11
Number of Holdings (excluding cash)70
Top Holdings (as of 7/23/2021)*
Holding Percent
Eaton Corporation Plc 8.21%
ABB Ltd 8.17%
Johnson Controls International Plc 8.11%
Aptiv Plc 7.96%
Schneider Electric SE 7.93%
Enphase Energy, Inc. 4.74%
Samsung SDI Co., Ltd. 4.49%
TERNA - Rete Elettrica Nazionale SpA 3.92%
SolarEdge Technologies, Inc. 3.67%
Prysmian SpA 3.66%

* 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 7/26/2021)4$0.3393
30-Day SEC Yield (as of 6/30/2021)50.80%
Unsubsidized 30-Day SEC Yield (as of 6/30/2021)60.80%
12-Month Distribution Rate (as of 6/30/2021)70.79%
Index Yield (as of 6/30/2021)81.53%
Fund Characteristics (as of 6/30/2021)10
Maximum Market Cap.$654,776
Median Market Cap.$14,045
Minimum Market Cap.$197
Price/Earnings37.32
Price/Book3.67
Price/Cash Flow18.60
Price/Sales2.41
Bid/Ask Premium/Discount (as of 7/23/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 187 57 58 10
Days Traded at Discount 66 4 5 6
Top Sector Exposure (as of 7/23/2021)
Electrical Components 22.44%
Diversified Industrials 12.44%
Conventional Electricity 11.58%
Auto Parts 9.05%
Renewable Energy Equipment 8.99%
Electronic Equipment: Control and Filter 8.13%
Semiconductors 4.81%
Electronic Components 4.50%
Engineering and Contracting Services 4.32%
Electronic Equipment: Gauges and Meters 4.09%
Hypothetical Growth of $10,000 Since Inception (as of 7/23/2021) *