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


Passive, Concentrated

MANAGEMENT MATRIX

ENRG

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateNov 16, 2009
Assets (mns)$1,699
Expense ratio58 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  + 
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 holdings101
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)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
12.1% 5.2% -1.0% 9.9% 19.2% 11.6% 10.0%
Market Correlations
versus...BetaR-squared
S&P 5001.2487%
MSCI EAFE1.2074%
MSCI Emg Mkts0.8440%
Liquidity Measures
Avg. volume (000)95
Turnover0.5%
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 volatility23.6%
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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Risk and Returns: GRID vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
1.8 17.2 2.7 2.3% --
Based on closing prices from 12/6/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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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 .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.