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Investment Objective/Strategy - The First Trust Water 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 fees and expenses, of an equity index called the ISE Clean Edge Water Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The ISE Clean Edge Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry.
  • The Index begins by establishing the total population of stocks in the potable and wastewater industry and eliminates stocks which do not meet the Index's baseline eligibility requirements.
  • To meet Index eligibility, a stock must satisfy market capitalization, liquidity and weighting concentration requirements.
  • The Index selects the top 36 stocks in the industry by market capitalization.
  • The Index is rebalanced on the application of the above model on a semi-annual basis.
Fund Overview
Fund TypeSector - Water
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
Fiscal Year-End12/31
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencySemi-Annual
Gross Expense Ratio*0.54%
Net Expense Ratio*0.54%
* 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 6/11/2021)
Closing NAV1$83.72
Closing Market Price2$83.70
Bid/Ask Midpoint$83.74
Bid/Ask Premium0.02%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$1,017,186,927
Outstanding Shares12,150,002
Daily Volume49,919
Average 30-Day Daily Volume52,190
Closing Market Price 52-Week High/Low$83.70 / $53.12
Closing NAV 52-Week High/Low$83.72 / $53.17
Number of Holdings (excluding cash)36
Top Holdings (as of 6/11/2021)*
Holding Percent
Roper Technologies, Inc. 4.38%
Pentair Plc 4.34%
Xylem Inc. 4.27%
Agilent Technologies, Inc. 4.23%
Essential Utilities, Inc. 4.18%
American Water Works Company, Inc. 4.07%
IDEX Corporation 4.06%
Danaher Corporation 4.05%
IDEXX Laboratories, Inc. 4.05%
Ecolab Inc. 3.69%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 5/31/2021)4

Among 104 funds in the Natural Resources category. This fund was rated 5 stars/104 funds (3 years), 5 stars/98 funds (5 years), 5 stars/86 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 6/15/2021)5$0.0599
30-Day SEC Yield (as of 5/28/2021)60.49%
Unsubsidized 30-Day SEC Yield (as of 5/28/2021)70.49%
12-Month Distribution Rate (as of 5/28/2021)80.47%
Index Yield (as of 5/28/2021)90.99%
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 5/28/2021)11
Maximum Market Cap.$182,699
Median Market Cap.$5,250
Minimum Market Cap.$658
Price/Cash Flow23.36
Bid/Ask Premium/Discount (as of 6/11/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 106 48 45 ---
Days Traded at Discount 147 13 5 ---
Top Sector Exposure (as of 6/11/2021)
Industrials 56.32%
Utilities 21.55%
Health Care 12.35%
Information Technology 3.85%
Materials 3.70%
Consumer Staples 2.23%
Hypothetical Growth of $10,000 Since Inception (as of 6/11/2021) *