First Trust Global Wind Energy ETF
FAN·ARCA
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Key Stats
Assets Under Management
259.51MUSD
Fund Flow (1Y)
32.13MUSD
Dividend Yield
0.98%
Discount / Premium to NAV
0.43%
Shares Outstanding
10.10M
Expense Ratio
0.60%
About First Trust Global Wind Energy ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
Jun 16, 2008
Structure
Open-Ended Fund
Index Tracked
ISE Clean Edge Global Wind Energy Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FAN is a global renewable energy ETF that specifically targets the wind industry. FAN saves roughly 60% of its weighting for 'pure-plays' in the wind industry and allocates the remaining 40% to 'diversified sector' companies involved in the industry. The top five pure-play companies are capped at 8% weight each, with a 4% cap for the remainder. All diversified sector companies have a 2% cap. It follows a 'wind energy' mandate. The fund changed its name from First Trust ISE Global Wind Energy Index Fund to First Trust Global Wind Energy ETF on 12/14/2016. The underlying index methodology changed on 6/20/17, affecting the fund's weighting and position limits. The index is reconstituted and rebalanced semi-annually.
Classification
Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Renewable Energy
Strategy
Vanilla
Geography
Developed Markets
Weighting Scheme
Tiered
Selection Criteria
Market cap
Analysis
Sector
Utilities
54.21%
Industrials
42.78%
Consumer Cyclical
1.69%
Energy
1.13%
Basic Materials
0.20%
Utilities
54.21%
Industrials
42.78%
Consumer Cyclical
1.69%
Energy
1.13%
Basic Materials
0.20%
Asset
Holdings
Symbol
Ratio
Vestas Wind Systems A/S
9.17%
Orsted A/S
8.31%
Nordex SE
8.12%
EDP Renovaveis SA
6.80%
Northland Power Inc.
6.09%
Symbol
Ratio
ENLT
Enlight Renewable
4.00%
Boralex Inc.
3.25%
China Longyuan Power Group Corporation Limited (Class H)
2.81%
Prysmian SpA
2.18%
GEV
GE Vernova
2.14%
Top 10 Weight 52.87%
55 Total Holding
See all holdings
Related Funds
Seasonals
Volume Profile
Trade Flow Insight
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