GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

$152.71

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) seeks to track the investment results of an index that is designed to provide exposure to companies that are involved in the smart grid and electric grid infrastructure sector.

Overview

ETF tracking First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Category Utilities

Issuer First Trust

Inception Date 2009-11-17

Market Cap $3.8B

Average Volume N/A

Dividend Yield 0.97%

52-Week Range $101.69 - $158.91

VWAP $152.67

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. The index is designed to track the performance of companies that are primarily engaged and involved in the smart grid and electric grid infrastructure sector.

✨ Key Features

Provides exposure to companies involved in the smart grid and electric grid infrastructure sector
Tracks the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index
Diversified portfolio of companies across the smart grid and electric grid infrastructure industry
Low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific sector
Potential volatility due to the nature of the smart grid and electric grid infrastructure industry
Dependence on the performance of the underlying index
Liquidity risk due to the relatively small asset size of the fund

👤 Best For

This ETF may be suitable for investors seeking exposure to the smart grid and electric grid infrastructure sector as part of a diversified portfolio. Investors should have a long-term investment horizon and be willing to accept the higher level of risk associated with a sector-specific fund.