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
186.6 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2008 |
| Assets (mns) | $187 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DONG ENERGY A/S | 8.7 % |
| EDP RENOVAVEIS SA | 7.2 % |
| VESTAS WIND SYSTEMS A/S | 6.4 % |
| NORTHLAND POWER INC | 6.0 % |
| CHINA LONGYUAN POWER GROUP-H | 3.7 % |
| BORALEX INC -CL 'A' | 3.6 % |
| CADELER A/S | 3.2 % |
| NORDEX AG | 2.9 % |
| SIEMENS ENERGY AG | 2.7 % |
| GE VERONA | 2.7 % |
Constituent Breakdown
| Number of holdings | 59 |
| Herfindahl-Hirschman Index | 363 |
| Wgt avg mkt cap (mns) | $17,961 |
| Large cap (>$10bn) | 44.4% |
| Mid cap ($2-10bn) | 41.8% |
| Small cap (<$2bn) | 11.4% |
| Developed mkts. | 87.9% |
| Emerging mkts. | 12.1% |
Country Exposure
 |
DENMARK | 18.3 % |
 |
UNITED STATES | 13.7 % |
 |
CANADA | 11.5 % |
 |
SPAIN | 10.8 % |
 |
GERMANY | 8.2 % |
 |
ITALY | 6.3 % |
 |
CHINA | 6.0 % |
 |
JAPAN | 4.2 % |
 |
FRANCE | 3.3 % |
 |
TAIWAN | 2.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.8% | 27.0% | 11.3% | -3.1% | 8.4% | 7.3% | -0.9% | Volatility | 17.3% | 19.8% | 21.1% | 21.7% | 24.4% | 20.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 52% |
| MSCI EAFE | 1.10 | 72% |
| MSCI Emg Mkts | 0.94 | 50% |
Liquidity Measures
| Avg. volume (000) | 25 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $4,141 |
Technical Indicators
| Recent close | $17.20 |
| 30d moving avg. | $17.29 |
| Annualized volatility | 22.9% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.5% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FAN |
Expenses vs. FAN |
ALTAR Score™ vs. FAN |
|---|---|---|---|---|
| WNDY | Global X Wind Energy ETF | 44.5% | -10 bp | +0.7% |
| FRNW | Fidelity Clean Energy ETF | 34.4% | -21 bp | -2.5% |
| RNRG | Global X Renewable Energy Producers ETF | 29.8% | +6 bp | +0.1% |
| RNWZ | TrueShares Eagle Global Renewable Energy Income ETF | 23.8% | +15 bp | +2.5% |
| ICLN | iShares Global Clean Energy ETF | 22.4% | -19 bp | +0.3% |
| SMOG | VanEck Low Carbon Energy ETF | 21.8% | +1 bp | -2.6% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 16.5% | -1 bp | -1.3% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 15.2% | -15 bp | +0.8% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 14.2% | -5 bp | -1.9% |
| TEMP | JPMorgan Climate Change Solutions ETF | 12.3% | -11 bp | +0.3% |
Risk and Returns: FAN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 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 | --% |
Based on closing prices from 10/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Rating
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.
ALTAR Score™
FAN
5.0%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. FAN's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places FAN in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FANSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| FAN (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
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. | 51.9 | 29.4 | 81.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .