FANFirst Trust Global Wind Energy ETF
FAN Fund Description
The First Trust Global Wind Energy ETF tracks an index of companies involved in the wind energy industry weighted according to float-adjusted market cap with strict limits on individual holdings.
FAN Factset Analytics Insight
FAN is the lone 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. FAN doesn't look much like our broad renewable energy benchmark, which is expected, since it follows a 'wind energy' mandate. The fund overweights electric utilities, consistent with its mandate, and is also very Europe-centric. FAN's expense ratio is reasonable for the segment. While its onscreen liquidity is decent, average spreads are wider than we'd like.
FAN 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.
FAN MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 19, 2018 the First Trust Global Wind Energy ETF MSCI ESG Fund Quality Score is 6.70 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FAN ranks in the 97th percentile within its peer group and in the 88th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
FAN CHARTS AND PERFORMANCE
FAN Top 10 Countries
FAN Top 10 Sectors
FAN Top 10 Holdings [View All]
FAN Summary Data
FAN Portfolio Data
FAN Index Data
FAN Portfolio Management
FAN Tax Exposures
FAN Fund Structure
FAN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FAN. FAN is rated a 2 out of 5.
FAN Sector/Industry Breakdown
FAN TOP 10 HOLDINGS[View All]
FAN Economic Development
FAN Performance Statistics
FAN MSCI ESG Ratings
FAN BENCHMARK COMPARISON SUMMARY
FAN BENCHMARK COMPARISON MARKET CAP SIZE
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.