First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
ALTAR
Score™
4.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
31.3x P/Sales
ratio
1.5x
P/BV
ratio
2.4x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Nov 16, 2009
Assets (mns) $39
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 58
Wgt avg mkt cap (mns) $35,441
Large cap (>$10bn) 52.7%
Mid cap ($2-10bn) 31.5%
Small cap (<$2bn) 15.8%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
SOLAREDGE TECHNOLOGIES, INC. 8.4 %
SCHNEIDER ELECTRIC SA 8.3 %
RED ELECTRICA CORP. SA 8.1 %
TERNA SPA 7.7 %
APTIV PLC 7.6 %
PRYSMIAN SPA 4.3 %
ADVANCED ENERGY INDUSTRIES 3.9 %
ITRON INC 3.8 %
NVENT ELECTRIC PLC 3.7 %
QUANTA SERVICES INC 3.7 %
Total 59.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 46.1 %
ITALY 12.9 %
FRANCE 8.6 %
IRELAND 8.5 %
SPAIN 8.1 %
BRITAIN 4.3 %
SWITZERLAND 4.3 %
JAPAN 3.1 %
GERMANY 2.8 %
CANADA 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.4% 14.9% 10.2% 8.4% 7.1%

Market Correlations
versus... Beta R-squared
S&P500 1.18 75%
MSCI EAFE 1.25 73%
MSCI Emg. Mkts. 0.98 71%

Technical Indicators
Recent close $55.86
30d moving avg. $55.22
Annualized volatility 23.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 11
Turnover 1.6%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $30,220

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index ETF based on the alternatives' overlap in portfolio holdings with GRID. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GRID Expense: 70 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GRID
Ticker Fund
Name
Overlap1
vs GRID
(%)
Expense
ratio
(bp)
Savings
vs GRID
(bp)
ALTAR
Score™
(%)
ALTAR
vs GRID
(%)
PBW Invesco WilderHill Clean Energy ETF 16.5 70 0 -4.0 -8.2
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 15.7 50 20 3.9 -0.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 15.4 60 10 0.3 -3.9
PZD Invesco Cleantech ETF 14.6 68 2 4.7 +0.5
IDRV iShares Self-driving EV & Tech ETF 14.3 47 23 6.9 +2.7
SNSR Global X Internet of Things Thematic ETF 13.9 68 2 4.5 +0.3
TAN Invesco Solar ETF 13.1 71 -1 1.6 -2.7
GEX VanEck Vectors Global Alternative Energy ETF 12.0 62 8 4.3 +0.1
XNTK SPDR NYSE Technology ETF 11.4 35 35 3.6 -0.6
ACES ALPS Clean Energy ETF 11.3 65 5 0.9 -3.3
MOTO SmartETFs Smart Transportation & Technology ETF 11.1 68 2 7.4 +3.2
DRIV Global X Autonomous & Electric Vehicles ETF 11.0 68 2 5.4 +1.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 10.7 45 25 4.8 +0.6
XKST SPDR Kensho Smart Mobility ETF 10.6 45 25 5.3 +1.1
XKCP SPDR Kensho Clean Power ETF 10.3 45 25 0.3 -3.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 10.2 95 -25 8.0 +3.8
IQM Franklin Intelligent Machines ETF 9.4 50 20 2.0 -2.2
ICLN iShares Global Clean Energy ETF 9.4 46 24 3.1 -1.2
QMOM Alpha Architect U.S. Quantitative Momentum ETF 9.2 49 21 2.2 -2.0
AIQ Global X Future Analytics Tech ETF 9.2 68 2 3.9 -0.4
SPHQ Invesco S&P 500 Quality ETF 8.9 15 55 4.6 +0.4
JHMT John Hancock Multifactor Technology ETF 8.7 40 30 5.0 +0.8
FXN First Trust Energy AlphaDEX Fund 8.5 65 5 -0.8 -5.0
PBD Invesco Global Clean Energy ETF 8.5 75 -5 1.6 -2.6
FMK First Trust Mega Cap AlphaDEX Fund 8.4 70 0 5.2 +1.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 8.1 75 -5 2.0 -2.2
LOUP Innovator Loup Frontier Tech ETF 8.0 70 0 3.9 -0.3
KOIN Innovation Shares NextGen Protocol ETF 7.9 95 -25 4.3 +0.1
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.8 68 2 4.0 -0.2
SIMS SPDR S&P Kensho Intelligent Structures ETF 7.8 45 25 6.0 +1.8
WOMN Impact Shares YWCA Women's Empowerment ETF 7.8 75 -5 4.5 +0.3
XLK Technology Select Sector SPDR Fund 7.7 13 57 4.7 +0.5
FTEC Fidelity MSCI Information Technology Index ETF 7.7 8 62 4.6 +0.4
VGT Vanguard Information Technology Index Fund 7.7 10 60 4.6 +0.4
IYW iShares U.S. Technology ETF 7.7 42 28 4.0 -0.2
ITEQ BlueStar Israel Technology ETF 7.7 75 -5 1.8 -2.4
PSCT Invesco S&P SmallCap Information Technology ETF 7.6 29 41 5.7 +1.5
LEGR First Trust Index Digital Transaction & Process Technology E 7.5 65 5 7.1 +2.9
IXN iShares Global Tech ETF 7.5 46 24 4.5 +0.3
RDVY First Trust Rising Dividend Achievers ETF 7.5 50 20 8.0 +3.8
EXI iShares Global Industrials ETF 7.4 46 24 6.2 +2.0
QTUM Defiance Quantum ETF 7.3 40 30 5.7 +1.5
QYLD Global X NASDAQ 100 Covered Call ETF 7.3 60 10 3.5 -0.7
GDAT Goldman Sachs Motif Data-Driven World Etf 7.3 50 20 4.9 +0.7
NUSI Nationwide Risk-Managed Income ETF 7.2 68 2 3.5 -0.8
DSI iShares MSCI KLD 400 Social ETF 7.2 25 45 5.1 +0.9
VEGN US Vegan Climate ETF 7.1 60 10 5.2 +1.0
IGM iShares Expanded Tech Sector ETF 7.1 46 24 3.8 -0.4
QQQ Invesco QQQ Trust 7.0 20 50 3.8 -0.4
HLAL Wahed FTSE USA Shariah ETF 7.0 50 20 4.6 +0.4
IETC iShares Evolved U.S. Technology ETF 6.9 18 52 3.8 -0.4
NULC Nuveen ESG Large-Cap ETF 6.8 20 50 5.0 +0.8
EWI iShares MSCI Italy ETF 6.7 49 21 7.6 +3.4
NACP Impact Shares NAACP Minority Empowerment ETF 6.7 75 -5 4.5 +0.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 6.6 49 21 5.2 +1.0
DSTL Distillate US Fundamental Stability & Value ETF 6.6 39 31 6.6 +2.4
RYT Invesco S&P 500 Equal Weight Technology ETF 6.5 40 30 6.8 +2.6
ESG FlexShares STOXX US ESG Impact Index Fund 6.5 32 38 5.1 +0.8
MGV Vanguard Mega Cap Value ETF 6.5 7 63 7.3 +3.1
TECB iShares US Tech Breakthrough Multisector ETF 6.4 40 30 4.0 -0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 6.3 10 60 5.3 +1.1
JQUA JPMorgan U.S. Quality Factor ETF 6.3 12 58 5.3 +1.1
SUSL iShares ESG MSCI USA Leaders ETF 6.3 10 60 5.3 +1.1
KOMP SPDR Kensho New Economies Composite ETF 6.2 20 50 2.6 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 6.1 4 66 7.2 +3.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 6.1 50 20 5.8 +1.6
FLLV Franklin Liberty U.S. Low Volatility ETF 6.0 29 41 5.9 +1.7
PWV Invesco Dynamic Large Cap Value ETF 6.0 55 15 8.9 +4.7
EQWL Invesco Russell Top 200 Equal Weight ETF 6.0 25 45 6.1 +1.9
SFYF SoFi 50 ETF 5.9 29 41 5.1 +0.8
OEUR O'shares FTSE Europe Quality Dividend ETF 5.9 48 22 6.6 +2.4
VTV Vanguard Value Index Fund 5.9 4 66 7.5 +3.3
DIVB iShares U.S. Dividend & Buyback ETF 5.9 25 45 6.6 +2.4
ROBO Robo Global Robotics & Automation Index ETF 5.8 95 -25 3.5 -0.7
XT iShares Exponential Technologies ETF 5.8 47 23 5.1 +0.8
FLIY Franklin FTSE Italy ETF 5.8 9 61 7.6 +3.4
THNQ ROBO Global Artificial Intelligence ETF 5.8 68 2 1.9 -2.3
QDF FlexShares Quality Dividend Index Fund 5.7 37 33 6.1 +1.9
EFV iShares MSCI EAFE Value ETF 5.7 39 31 9.6 +5.4
BIBL Inspire ETF 5.7 35 35 4.9 +0.7
RAFE PIMCO RAFI ESG U.S. ETF 5.6 29 41 7.8 +3.6
IDY Pacific Global International Equity Income ETF 5.5 39 31 8.1 +3.9
RNDV US Equity Dividend Select ETF 5.5 50 20 7.7 +3.5
IWX iShares Russell Top 200 Value ETF 5.5 20 50 7.2 +3.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 5.5 12 58 4.8 +0.6
SUSA iShares MSCI USA ESG Select ETF 5.4 25 45 4.8 +0.6
NXTG First Trust Indxx NextG ETF 5.4 70 0 6.1 +1.9
FAN First Trust Global Wind Energy ETF 5.4 62 8 6.0 +1.8
JVAL JPMorgan U.S. Value Factor ETF 5.3 12 58 8.8 +4.6
FDRR Fidelity Dividend ETF for Rising Rates 5.3 29 41 7.0 +2.8
ECOZ TrueMark ESG Active Opportunities ETF 5.3 58 12 4.2 -0.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 5.3 15 55 4.1 -0.1
JKE iShares Morningstar Large-Cap Growth ETF 5.3 25 45 2.8 -1.4
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 5.3 35 35 6.7 +2.5
SKYY First Trust Cloud Computing ETF 5.3 60 10 2.2 -2.0
GVIP Goldman Sachs Hedge Industry VIP ETF 5.3 45 25 4.7 +0.5
ENTR Entrepreneur 30 Fund 5.3 49 21 2.5 -1.7
USDY Pacific Global US Equity Income ETF 5.3 29 41 7.3 +3.1
VOOV Vanguard S&P 500 Value ETF 5.3 15 55 7.4 +3.2
IQSU IQ Candriam ESG US Equity ETF 5.3 9 61 5.1 +0.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.