GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund investment results that correspond generally to the price and yield of an equity index called the NASDAQ OMX Clean Edge S
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 16, 2009 |
| Assets (mns) | $1,699 |
| Expense ratio | 58 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 +
| SCHNEIDER ELECTRIC SA | 8.7 % |
| ABB LTD. | 8.4 % |
| EATON CORP PLC | 8.3 % |
| NATIONAL GRID PLC | 8.3 % |
| JOHNSON CONTROLS INTERNATIONAL PLC | 6.8 % |
| QUANTA SERVICES INC | 3.7 % |
| APTIV PLC | 3.4 % |
| SAMSUNG SDI CO LTD | 3.3 % |
| HUBBELL INCORPORATED CLASS B | 2.8 % |
| ENPHASE ENERGY INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 436 |
| Wgt avg mkt cap (mns) | $82,756 |
| Large cap (>$10bn) | 81.2% |
| Mid cap ($2-10bn) | 16.0% |
| Small cap (<$2bn) | 2.8% |
| Developed mkts. | 91.5% |
| Emerging mkts. | 8.5% |
Country Exposure
 |
UNITED STATES | 27.7 % |
 |
IRELAND | 18.5 % |
 |
FRANCE | 10.3 % |
 |
BRITAIN | 10.2 % |
 |
SWITZERLAND | 8.8 % |
 |
ITALY | 4.9 % |
 |
SOUTH KOREA | 3.8 % |
 |
BRAZIL | 3.4 % |
 |
CANADA | 2.1 % |
 |
SPAIN | 2.0 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 12.1% | 5.2% | -1.0% | 9.9% | 19.2% | 11.6% | 10.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.24 | 87% |
| MSCI EAFE | 1.20 | 74% |
| MSCI Emg Mkts | 0.84 | 40% |
Liquidity Measures
| Avg. volume (000) | 95 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $28,729 |
Technical Indicators
| Recent close | $97.43 |
| 30d moving avg. | $90.54 |
| Annualized volatility | 23.6% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.7% |
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. GRID |
Expenses vs. GRID |
ALTAR Score™ vs. GRID |
|---|---|---|---|---|
| ENRG | SoFi Smart Energy ETF | 24.2% | +1 bp | -7.2% |
| SOLR | SmartETFs Sustainable Energy II Fund | 23.9% | +21 bp | +0.6% |
| CLNR | IQ Cleaner Transport ETF | 21.4% | -13 bp | +1.6% |
| GSFP | Goldman Sachs Future Planet Equity ETF | 21.2% | +17 bp | -0.2% |
| TEMP | JPMorgan Climate Change Solutions ETF | 21.0% | -9 bp | +0.4% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 19.7% | -13 bp | +1.0% |
| CCSO | Carbon Collective Climate Solutions U.S. Equity ETF | 19.3% | -23 bp | -2.4% |
| BNE | Blue Horizon BNE ETF | 17.5% | +29 bp | -0.7% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 16.7% | +10 bp | +2.0% |
| MVPS | Amplify Thematic All-Stars ETF | 15.5% | -9 bp | -2.9% |
Risk and Returns: GRID 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/6/2023
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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
GRID
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™
GRID
4.8%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.8% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. GRID's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places GRID in the 33rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GRID
Peer Average
Recent Trends
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) |
|
|---|---|---|---|
| GRID | 58.0 | 9.8 | 67.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .