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ECLN

First Trust EIP Carbon Impact ETF

The First EIP Carbon Impact ETF tracks an index of developed-economy equities of companies committed to a reduction of carbon emissions.


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3.3%

ALTAR Score™
Trend in ALTAR Score™

EMLP

Closest Comp

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateAug 20, 2019
Assets (mns)$14
Expense ratio97 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NEXTERA ENERGY PARTNERS LP 7.6 %
NEXTERA ENERGY GROUP 6.9 %
SEMPRA ENERGY 5.0 %
XCEL ENERGY INC 4.6 %
IBERDROLA SA SPONSORED ADR 4.2 %
ALLIANT ENERGY CORP 4.0 %
PUBLIC SERVICE ENTERPRISE GP 3.9 %
ENEL SPA UNSPONSORED ADR 3.6 %
AMERICAN WATER WORKS CO INC 3.3 %
WEC ENERGY GROUP INC 3.2 %
Constituent Breakdown
Number of holdings44
Herfindahl-Hirschman Index 345
Wgt avg mkt cap (mns)$32,479
Large cap (>$10bn)75.1%
Mid cap ($2-10bn)23.5%
Small cap (<$2bn)1.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 76.4 %
CANADA 7.1 %
SPAIN 6.8 %
ITALY 3.6 %
BERMUDA 1.5 %
BRITAIN 0.6 %
Historical Performance


Standardized Annual Returns (as of 06/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
3.6% 20.2% -- -- -- -- 7.6%
Market Correlations
versus...BetaR-squared
S&P 5000.5543%
MSCI EAFE0.4330%
MSCI Emg Mkts0.4232%
Liquidity Measures
Avg. volume (000)3
Turnover0.5%
Avg. Bid/Ask (% of price)0.24%
ADV of underlying (mns)$5,497
Technical Indicators
Recent close$23.54
30d moving avg.$23.48
Annualized volatility16.4%
Relative strength (RSI)46
Short interest (ETF)1.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2020 2021E Fwd Est 2022E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.7 21.3 2.4 3.1% --
Based on closing prices from 7/23/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ECLN



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ECLN

3.3%

Cat. Avg

3.3%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.3%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 228 funds in the Global Equities category, with an average ALTAR Score™ of 3.3% and a standard deviation of 3.8%. ECLN's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places ECLN in the 50th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ECLN
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ECLN 97.0 23.8 120.8
Peer Avg. 96.0 5.2 101.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.