FCG Fund Description

The First Trust ISE-Revere Natural Gas ETF aims to track an equal-weighted index of US companies that derive a substantial portion of their revenue from the exploration & production of natural gas.

FCG ETF.com Insight

FCG is the only game in town for those looking to access the US natural gas equities. Fortunately, the fund does a great job of capturing the concentrated space, albeit with some slighttrades well and has ample AUM twists. FCG selects US companies that generate a significant portion of their revenues from natural gas exploration & production, then equally weights its holdings. FCG's equal-weighting scheme lends to the fund's wide waistband, with heft exposure to midcap securities and small-cap firms. Still, as our Analyst Pick, FCG is a viable option for those interested in the natural gas space—it trades well and has ample AUM. Just be aware of the significant size tilts and heavy concentration that flow from the fund's methodology. (Insight updated 10/01/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 12/18/14]
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
10 Years

FCG
-21.36% -40.80% -40.50% -38.15% -12.65% -7.73% --

FCG (NAV)
-21.17% -40.69% -40.49% -38.11% -12.68% -7.68% --

ISE-REVERE Natural Gas Index
-21.27% -40.74% -40.37% -37.99% -12.29% -7.05% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FCG Top 10 Countries

FCG Top 10 Sectors

FCG Top 10 Holdings View All

FCG Summary Data

Issuer First Trust

A company that produces and manages ETFs.

Inception Date 05/08/07

The first date of a fund's operations, as documented by the issuer.

Legal Structure Open-Ended Fund

The organizational structure of the fund or ETN.

Expense Ratio 0.60%

The net total annual fee a fund holder pays to the issuer.

Assets Under Management $249.55 M

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

Average Daily $ Volume $15.55 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

(%) | The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent." href="javascript:void(0)" class="term">Average Spread (%) 0.09%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

FCG Portfolio Data

Weighted Average Market Cap $11.42 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

Price / Earnings Ratio -13.27

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

Price / Book Ratio 2.38

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

Distribution Yield 0.70%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

Next Ex-Dividend Date 12/23/14

The date on which a security's price excludes an upcoming dividend.

Number of Holdings 29

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

FCG Index Data

Index Tracked ISE-REVERE Natural Gas Index

This is the benchmark an ETF is desigend to track or replicate.

Index Weighting Methodology Equal

A set of rules that the underlying index provider follows to weight its constituent securities.

Index Selection Methodology Multi-Factor

A set of rules that the underlying index provider follows to select its constituent securities.

Segment Benchmark ISE-REVERE Natural Gas Index

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to FCG

Top Competing ETFs XLE, FRAK, XOP, IXC

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

FCG ETF.com Efficiency Insight

FCG's expense ratio of 0.60% is on the higher end with regard to costs. Still, the fund tracks well without excessive variability. The fund has a large asset base and long trading history, signaling stability. It’s also avoided cap gains payouts over the past 3 years. (Insight updated 10/01/2014)


Total Return - 12/18/2014

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 12/18/14]
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
10 Years

FCG
-21.36% -40.80% -40.50% -38.15% -12.65% -7.73% --

FCG (NAV)
-21.17% -40.69% -40.49% -38.11% -12.68% -7.68% --

ISE-REVERE Natural Gas Index
-21.27% -40.74% -40.37% -37.99% -12.29% -7.05% --

ISE-REVERE Natural Gas Index
-21.27% -40.74% -40.37% -37.99% -12.29% -7.05% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FCG Portfolio Management

Expense Ratio 0.60%

The net annual fee a fund holder pays to the issuer.

(12 Mo) | Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results." href="javascript:void(0)" class="term">Median Tracking Difference (12 Mo) -0.64%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

FCG Tax Exposures

Max LT/ST Capital Gains Rate 20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

Tax on Distributions Qualified dividends

IRS treatment of the majority of the fund's distributions.

Distributes K1 No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

FCG Fund Structure

Legal Structure Open-Ended Fund

The organizational structure of the fund or ETN.

OTC Derivative Use No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Securities Lending Active Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

ETN Counterparty N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

ETN Counterparty Risk N/A

The risk of default by the ETN counterparty.

Fund Closure Risk Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Portfolio Disclosure Daily

The frequency of an issuer's disclosure of all fund holdings.

FCG ETF.com Tradability Insight

FCG trades well. Daily volume is strong at around $7M and spreads are tight at 6 bps. Low creation costs and strong underlying volume—as well as the solid on-screen liquidity—should keep block trading costs very low too. (Insight updated 10/01/2014)

Average Spread

Premium/Discount

Volume

FCG ETF.com/ Block LiquidityAs of 12/19/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of FCG. FCG is rated a 5 out of 5.

FCG Tradability

Avg. Daily Share Volume 1,180,655

It is the daily number of shares traded, averaged over the past 45 trading days.

Average Daily $ Volume $15.55 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

Median Daily Share Volume 1,050,979

Median number of shares traded over the past 45 trading days.

(%) | The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent." href="javascript:void(0)" class="term">Average Spread (%) 0.09%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

($) | The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars." href="javascript:void(0)" class="term">Average Spread ($) $0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

(12 Mo) | The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period." href="javascript:void(0)" class="term">Max. Premium / Discount (12 Mo) 0.80% / -0.27%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

Impediment to Creations None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

Market Hours Overlap 100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

(Shares) | The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund." href="javascript:void(0)" class="term">Creation Unit Size (Shares) 50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

(45 Day Average) | The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots." href="javascript:void(0)" class="term">Creation Unit/Day (45 Day Average) 21.02

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

(%) | The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit." href="javascript:void(0)" class="term">Creation Unit Cost (%) 0.09%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

Underlying Volume / Unit 0.08%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

Open Interest on ETF Options 9,160

The total number of net outstanding options contracts for an ETF.

ETF.com Implied Liquidity 5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

FCG ETF.com Fit Insight

FCG does a great job capturing the natural gas space. With only about 28 holdings, FCG (which tracks the same index as our equal-weighted benchmark) is a heavily concentrated pure play. The fund is overwhelming focused on firms that derive significant portions of their revenue from the exploration & production of natural gas. The fund's equal-weighting scheme results in large allocations to small and micro-cap firms. (Insight updated 10/01/2014)

FCG Geographic Exposure

Countries FCG Segment Benchmark
United States 89.81% 89.81%

Canada 6.35% 6.35%

Norway 3.83% 3.83%

Regions FCG Segment Benchmark
North America 96.17% 96.17%

Europe 3.83% 3.83%

Developed /
Emerging Split
100.00% / 0% 100.00% / 0%

FCG Performance Statistics

Beta 1.00

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

Up Beta 1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

Down Beta 1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

Downside Standard Deviation 0.03%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

Segment Benchmark ISE-REVERE Natural Gas Index

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

FCG Benchmark Comparison

FCG
29 Holdings
Segment Benchmark
29 Constituents
Shared Holdings
29 (Count)
 
100.00% (Weight)
FCGSegment Benchmark
Market Cap | The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio." href="javascript:void(0)" class="term">Weighted Average
Market Cap
$11.42 B$11.42 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

Size Split

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

Large (>12.9B)35%35%
Mid (>2.7B)32%32%
Small (>600M)21%21%
Micro (<600M)12%12%
Price / Book Ratio2.382.38

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

Dividend Yield1.38%1.38%

The weighted average of the current yield on the portfolio’s holdings.

Holdings | The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper." href="javascript:void(0)" class="term">Number Of
Holdings
2929

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

ConcentrationMediumMedium

The level of return contribution attributable to the average portfolio constituent.