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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.
Ticker | QCLN |
Fund Type | Alternative Energy |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 33733E500 |
ISIN | US33733E5006 |
Intraday NAV | QCLNIV |
Fiscal Year-End | 12/31 |
Exchange | Nasdaq |
Inception | 2/8/2007 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Rebalance Frequency | Quarterly |
Gross Expense Ratio* | 0.63% |
Net Expense Ratio* | 0.60% |
* As of 5/1/2020
Expenses are capped contractually at 0.60% per year, at least until April 30, 2021.
Closing NAV1 | $65.46 |
Closing Market Price2 | $65.46 |
Bid/Ask Midpoint | $65.44 |
Bid/Ask Discount | 0.03% |
30-Day Median Bid/Ask Spread3 | 0.10% |
Total Net Assets | $2,618,325,285 |
Outstanding Shares | 40,000,002 |
Daily Volume | 1,413,464 |
Average 30-Day Daily Volume | 1,006,419 |
Closing Market Price 52-Week High/Low | $88.17 / $16.83 |
Closing NAV 52-Week High/Low | $88.10 / $17.00 |
Number of Holdings (excluding cash) | 44 |
Holding |
Percent |
Tesla, Inc. |
8.30% |
Enphase Energy, Inc. |
7.04% |
Plug Power Inc. |
6.37% |
NIO Inc. (ADR) |
5.89% |
Albemarle Corporation |
5.60% |
ON Semiconductor Corporation |
4.88% |
SolarEdge Technologies, Inc. |
4.88% |
Cree, Inc. |
4.28% |
Brookfield Renewable Partners LP |
3.63% |
Universal Display Corporation |
3.20% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $648,381 |
Median Market Cap. | $4,821 |
Minimum Market Cap. | $238 |
Price/Book | 5.58 |
Price/Cash Flow | 27.59 |
Price/Sales | 5.73 |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
171 |
26 |
--- |
--- |
Days Traded at Discount |
82 |
16 |
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Renewable Energy Equipment
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28.21%
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Alternative Electricity
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14.35%
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Automobiles
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14.21%
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Semiconductors
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13.13%
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Electrical Components & Equipment
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9.29%
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Specialty Chemicals
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8.51%
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Alternative Fuels
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3.65%
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Building Materials & Fixtures
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2.00%
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Electronic Equipment
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1.87%
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Specialty REITs
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1.61%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
QCLN |
36.24% |
31.57 |
1.16 |
1.37 |
0.82 |
Russell 2000® Index |
25.70% |
--- |
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.
Russell 2000® Index - The Index is comprised of the smallest 2000 companies in the Russell 3000 Index.
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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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