FAN

First Trust Global Wind Energy ETF

First Trust Global Wind Energy Fund seeks investment results that correspond generally to the price and yield (before fees & expenses) of the ISE Global Wind Energy Index, an index of companies engaged in that industry.


Global

EQUITY

Passive

MANAGEMENT STYLE

60 bp

EXPENSES

$795.8 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJun 16, 2008
Assets (mns)$796
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
DONG ENERGY A/S 7.5 %
NORTHLAND POWER INC 6.8 %
EDP RENOVAVEIS SA 6.7 %
VESTAS WIND SYSTEMS A/S 6.2 %
CHINA LONGYUAN POWER GROUP-H 4.7 %
BORALEX INC -CL 'A' 3.4 %
SIEMENS ENERGY AG 3.3 %
CENTURY IRON & STEEL INDUSTRIAL CO., LTD 2.7 %
NORDEX AG 2.7 %
CADELER A/S 2.6 %
Constituent Breakdown
Number of holdings252
Herfindahl-Hirschman Index 387
Wgt avg mkt cap (mns)$18,904
Large cap (>$10bn)43.7%
Mid cap ($2-10bn)42.3%
Small cap (<$2bn)13.6%
Developed mkts.87.4%
Emerging mkts.12.6%
Country Exposure
DENMARK 16.3 %
UNITED STATES 15.0 %
CANADA 12.1 %
SPAIN 10.3 %
GERMANY 10.2 %
ITALY 6.6 %
CHINA 6.5 %
FRANCE 3.5 %
JAPAN 3.3 %
SWEDEN 3.2 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -0.7% -5.1% -1.0% -7.2% 5.8% 4.6% -1.6%
Volatility 17.3% 19.8% 21.1% 21.7% 24.4% 20.9% --
Market Correlations
versus...BetaR-squared
S&P 5000.9253%
MSCI EAFE1.1173%
MSCI Emg Mkts0.9050%
Liquidity Measures
Avg. volume (000)42
Turnover0.1%
Avg. Bid/Ask (% of price)0.21%
ADV of underlying (mns)$5,904
Technical Indicators
Recent close$17.08
30d moving avg.$17.00
Annualized volatility22.5%
Relative strength (RSI)59
Short interest (ETF)0.1%
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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Risk and Returns: FAN vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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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
  2023 2024E Fwd Est 2025E
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 --%
1.2 15.3 1.7 3.5% --
Based on closing prices from 7/11/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FAN



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™

FAN

5.1%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.1%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 3.9% and a standard deviation of 4.7%. FAN's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places FAN in the 61st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FAN 60.0 21.2 81.2
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .