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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
Fund TypeAlternative Energy
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.58%
Net Expense Ratio*0.58%
* As of 5/3/2021
Expenses are capped contractually at 0.60% per year, at least until April 30, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 5/20/2022)
Closing NAV1$51.60
Closing Market Price2$51.57
Bid/Ask Midpoint$51.60
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.08%
Total Net Assets$1,914,228,117
Outstanding Shares37,100,002
Daily Volume301,120
Average 30-Day Daily Volume354,803
Closing Market Price 52-Week High/Low$81.69 / $46.08
Closing NAV 52-Week High/Low$81.72 / $46.05
Number of Holdings (excluding cash)65
Top Holdings (as of 5/20/2022)*
Holding Percent
Albemarle Corporation 9.58%
ON Semiconductor Corporation 8.37%
Enphase Energy, Inc. 7.80%
Tesla, Inc. 7.08%
NIO Inc. (ADR) 6.68%
SolarEdge Technologies, Inc. 3.73%
Brookfield Renewable Partners LP 3.48%
Plug Power Inc. 3.02%
Wolfspeed, Inc. 3.02%
XPeng Inc. (ADR) 2.97%

* 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 5/22/2022)4$0.0069
30-Day SEC Yield (as of 4/29/2022)50.36%
Unsubsidized 30-Day SEC Yield (as of 4/29/2022)60.36%
12-Month Distribution Rate (as of 4/29/2022)70.01%
Index Yield (as of 4/29/2022)80.48%
Fund Characteristics (as of 4/29/2022)10
Maximum Market Cap.$902,116
Median Market Cap.$2,609
Minimum Market Cap.$114
Price/Cash Flow20.72
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 138 28 23 ---
Days Traded at Discount 114 34 12 ---
Top Industry Exposure (as of 5/20/2022)
Renewable Energy Equipment 22.84%
Automobiles 16.75%
Semiconductors 16.09%
Alternative Electricity 12.66%
Chemicals: Diversified 11.89%
Alternative Fuels 3.05%
Specialty Chemicals 2.64%
General Mining 2.42%
Electronic Components 2.12%
Electrical Components 2.11%
Hypothetical Growth of $10,000 Since Inception (as of 5/19/2022) *