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First Trust NASDAQ® Clean Edge® Green Energy Index Fund (QCLN)
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.
  • The index is a modified market capitalization weighted index designed to track the performance of clean energy companies that are publicly traded in the United States and includes companies engaged in manufacturing, development, distribution and installation of emerging clean-energy technologies including, but not limited to, solar photovoltaics, wind power, advanced batteries, fuel cells, and electric vehicles.
  • The NASDAQ® Clean Edge® Green Energy IndexSM is a modified market cap weighted index in which larger companies receive a larger index weighting. The index weighting methodology includes caps to prevent high concentrations among larger alternative energy stocks.
  • The index is reconstituted twice a year in March and September and rebalanced quarterly.
Fund Overview
TickerQCLN
Fund TypeAlternative Energy
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
CUSIP33733E500
ISINUS33733E5006
Intraday NAVQCLNIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception2/8/2007
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.60%
Net Expense Ratio*0.60%
* As of 5/3/2021
Expenses are capped contractually at 0.60% per year, at least until April 30, 2022.
Current Fund Data (as of 5/12/2021)
Closing NAV1$54.93
Closing Market Price2$54.91
Bid/Ask Midpoint$54.91
Bid/Ask Discount0.04%
30-Day Median Bid/Ask Spread30.09%
Total Net Assets$2,158,870,090
Outstanding Shares39,300,002
Daily Volume673,552
Average 30-Day Daily Volume596,078
Closing Market Price 52-Week High/Low$88.17 / $24.08
Closing NAV 52-Week High/Low$88.10 / $24.03
Number of Holdings (excluding cash)53
Top Holdings (as of 5/12/2021)*
Holding Percent
Tesla, Inc. 9.23%
NIO Inc. (ADR) 7.77%
Albemarle Corporation 7.18%
Enphase Energy, Inc. 6.02%
ON Semiconductor Corporation 4.68%
Plug Power Inc. 4.45%
Cree, Inc. 4.03%
Brookfield Renewable Partners LP 3.91%
SolarEdge Technologies, Inc. 3.69%
Universal Display Corporation 3.65%

* 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$0.0708
30-Day SEC Yield (as of 4/30/2021)50.11%
Unsubsidized 30-Day SEC Yield (as of 4/30/2021)60.11%
12-Month Distribution Rate (as of 4/30/2021)70.25%
Index Yield (as of 4/30/2021)80.45%
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.$683,425
Median Market Cap.$4,053
Minimum Market Cap.$143
Price/Book4.79
Price/Cash Flow26.08
Price/Sales5.19
Bid/Ask Premium/Discount (as of 5/12/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 171 37 13 ---
Days Traded at Discount 82 24 16 ---
Top Industry Exposure (as of 5/12/2021)
Renewable Energy Equipment 23.55%
Automobiles 18.75%
Alternative Electricity 14.62%
Semiconductors 12.01%
Chemicals: Diversified 8.25%
Electrical Components 5.08%
Electronic Components 3.69%
Alternative Fuels 2.79%
Specialty Chemicals 2.72%
Hypothetical Growth of $10,000 Since Inception (as of 5/12/2021) *