QCLN

First Trust Nasdaq Clean Edge Green Energy Index Fund

First Trust NASDAQ Clean Edge Green Energy Index Fund seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge U.S. Liquid Series Index, which tracks cl


US

EQUITY

Passive

MANAGEMENT STYLE

58 bp

EXPENSES

$4.4 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 08, 2007
Assets (mns)$4,415
Expense ratio58 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TESLA MOTORS INC 10.8 %
ON SEMICONDUCTOR CORPORATION 8.0 %
FIRST SOLAR INC 7.3 %
ENPHASE ENERGY INC 6.7 %
RIVIAN AUTOMOTIVE INC-A 6.3 %
ALBEMARLE CORP 5.0 %
UNIVERSAL DISPLAY CORP 4.9 %
LUCID GROUP, INC. 3.8 %
ACUITY BRANDS INC 3.7 %
BROOKFIELD RENEWABLE PARTNERS LP 3.3 %
Constituent Breakdown
Number of holdings342
Herfindahl-Hirschman Index 486
Wgt avg mkt cap (mns)$71,060
Large cap (>$10bn)44.4%
Mid cap ($2-10bn)41.2%
Small cap (<$2bn)14.2%
Developed mkts.98.3%
Emerging mkts.1.7%
Country Exposure
UNITED STATES 93.1 %
CANADA 3.9 %
BRITAIN 1.2 %
CHILE 0.8 %
INDIA 0.7 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -18.3% -32.4% -18.3% -20.5% 10.8% 5.9% 3.7%
Volatility 33.1% 34.2% 37.4% 39.1% 41.2% 32.9% --
Market Correlations
versus...BetaR-squared
S&P 5001.5243%
MSCI EAFE1.3532%
MSCI Emg Mkts1.1925%
Liquidity Measures
Avg. volume (000)157
Turnover0.1%
Avg. Bid/Ask (% of price)0.09%
ADV of underlying (mns)$26,113
Technical Indicators
Recent close$36.34
30d moving avg.$36.00
Annualized volatility41.6%
Relative strength (RSI)59
Short interest (ETF)0.3%
Short interest (underlying)7.6%
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: QCLN 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 -- -- -- -- -- -- --
  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 --%
1.5 41.6 3.8 2.7% --
Based on closing prices from 7/19/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
QCLN



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™

QCLN

0.0%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™0.0%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. QCLN's ALTAR Score™ is approximately 2.3 standard deviations below the category average. This places QCLN in the 1st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown
Expense Analysis

Peer Group Passive
US Equity ETFs
# of ETFs 192
Avg. Expense Ratio 31.0 bp
Std. Deviation 25.7 bp
QCLN (58 bp) Percentile rank 85
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QCLN 58.0 9.1 67.1
Peer Avg. 29.8 6.8 36.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .