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
$1.2 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2008 |
| Assets (mns) | $1,153 |
| 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 | 7.5 % |
| EDP RENOVAVEIS SA | 6.9 % |
| NORTHLAND POWER INC | 6.6 % |
| VESTAS WIND SYSTEMS A/S | 6.1 % |
| CHINA LONGYUAN POWER GROUP-H | 4.6 % |
| SIEMENS ENERGY AG | 3.3 % |
| BORALEX INC -CL 'A' | 3.2 % |
| NORDEX AG | 2.8 % |
| CADELER A/S | 2.5 % |
| PRYSMIAN SPA | 2.4 % |
Constituent Breakdown
| Number of holdings | 376 |
| 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 | 16.0 % |
 |
UNITED STATES | 15.6 % |
 |
CANADA | 11.6 % |
 |
SPAIN | 10.6 % |
 |
GERMANY | 10.3 % |
 |
ITALY | 6.7 % |
 |
CHINA | 6.4 % |
 |
JAPAN | 3.8 % |
 |
FRANCE | 3.6 % |
 |
SWEDEN | 3.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| 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... | Beta | R-squared |
| S&P 500 | 0.92 | 53% |
| MSCI EAFE | 1.11 | 73% |
| MSCI Emg Mkts | 0.90 | 50% |
Liquidity Measures
| Avg. volume (000) | 41 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $5,904 |
Technical Indicators
| Recent close | $16.59 |
| 30d moving avg. | $16.62 |
| Annualized volatility | 22.5% |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FAN |
Expenses vs. FAN |
ALTAR Score™ vs. FAN |
|---|---|---|---|---|
| WNDY | Global X Wind Energy ETF | 43.4% | -10 bp | +0.1% |
| FRNW | Fidelity Clean Energy ETF | 32.2% | -21 bp | -1.6% |
| RNRG | Global X Renewable Energy Producers ETF | 28.9% | +6 bp | -0.7% |
| RNWZ | TrueShares Eagle Global Renewable Energy Income ETF | 27.5% | +15 bp | +2.3% |
| ICLN | iShares Global Clean Energy ETF | 23.8% | -19 bp | -0.5% |
| SMOG | VanEck Low Carbon Energy ETF | 21.8% | +1 bp | -2.6% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 16.8% | -15 bp | +0.6% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 16.5% | -1 bp | -1.9% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 12.5% | -5 bp | -1.8% |
| SOLR | Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund | 12.2% | +19 bp | -0.4% |
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 7/25/2024
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FAN
5.3%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.3% |
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 4.0% and a standard deviation of
4.8%. FAN's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FAN in the 60th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FAN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
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 | 66 |
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. | 55.0 | 27.9 | 82.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .