QCLN Fund Description

The First Trust NASDAQ Clean Edge Green Energy Index Fund tracks a market-cap-weighted index of US-listed firms involved in clean energy.

QCLN ETF.com Insight

QCLN holds a broad portfolio of US-listed firms in the clean energy industry. Eligible companies must be manufacturers, developers, distributors, or installers of one of the following fourQCLN holds a broad portfolio of US-listed firms in the clean energy industry sub-sectors: advanced materials (that enable clean-energy or reduce the need for petroleum products), energy intelligence (smart grid), energy storage and conversion (hybrid batteries), or renewable electricity generation (solar, wind, geothermal, etc). Because there is subjectivity in classifying companies as “clean energy”, potential investors would be well-served by reviewing the fund’s portfolio to make sure your definition of “clean energy” matches QCLN’s. This ETF is among the least expense and most liquid funds in its segment making it a strong contender for investors considering the space. (Insight updated 10/15/2014)

  • 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

QCLN
-4.80% -16.12% -4.39% -0.50% 23.31% 2.39% --

QCLN (NAV)
-4.69% -16.12% -4.22% -0.56% 23.15% 2.30% --

NASDAQ Clean Edge Green Energy Index
-4.68% -16.13% -4.31% -0.61% 22.66% 2.35% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QCLN Top 10 Countries

QCLN Top 10 Sectors View All

QCLN Top 10 Holdings View All

QCLN Summary Data

Issuer First Trust

A company that produces and manages ETFs.

Inception Date 02/08/07

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 $89.62 M

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

Average Daily $ Volume $1.05 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.

QCLN Portfolio Data

Weighted Average Market Cap $6.14 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 -159.60

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

Price / Book Ratio 2.45

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

Distribution Yield 0.50%

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 47

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.

QCLN Index Data

Index Tracked NASDAQ Clean Edge
Green Energy Index

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

Index Weighting Methodology Market Cap

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

Index Selection Methodology Market Cap

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

Segment Benchmark Thomson Reuters Global
Renewable Energy

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

Related ETFs to QCLN

Top Competing ETFs ICLN, PBW, PBD, GEX

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

QCLN ETF.com Efficiency Insight

QCLN is highly efficient. To start, the fund’s 60 bp fee is less than most of its peers. Better yet, real-world holding costs have been even lower than the fund’s expense ratio would suggest: Rather than trail by 60 bps, QCLN has actually outperformed its index over most 1-year holdings periods—likely aided by securities lending revenue. Lastly, QCLN has preserved its tax efficiency by avoiding capital gains payouts. (Insight updated 10/15/2014)


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

QCLN
-4.80% -16.12% -4.39% -0.50% 23.31% 2.39% --

QCLN (NAV)
-4.69% -16.12% -4.22% -0.56% 23.15% 2.30% --

NASDAQ Clean Edge Green Energy Index
-4.68% -16.13% -4.31% -0.61% 22.66% 2.35% --

Thomson Reuters Global Renewable Energy
-0.48% -13.73% 8.66% 11.87% 16.29% -12.19% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QCLN 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) 0.06%

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.

QCLN 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.

QCLN 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.

QCLN ETF.com Tradability Insight

QCLN is among the most liquid funds in its segment. The fund sees more than $1M in volume most days and spreads are accordingly tight. Institutional investors should be able to trade large blocks efficiently too as the fund’s low creation fee and highly liquid underlying securities facilitate the activities of market makers and authorized participants. (Insight updated 10/15/2014)

Average Spread

Premium/Discount

Volume

QCLN 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 QCLN. QCLN is rated a 5 out of 5.

QCLN Tradability

Avg. Daily Share Volume 60,546

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

Average Daily $ Volume $1.05 M

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

Median Daily Share Volume 39,644

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.

($) | The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars." href="javascript:void(0)" class="term">Average Spread ($) $0.02

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) 0.31% / -0.26%

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) 0.79

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 (%) 0.06%

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 0.16%

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 --

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.

QCLN ETF.com Fit Insight

Do not be deterred by QCLN’s low Fit score: After all, we benchmark this US-centric clean energy ETF to a global “renewable” energy index—resulting in a predictably low Fit score. So long as investors are OK with QCLN’s US-centric exposure and its definition of clean energy companies, the fund presents a perfectly viable approach to the segment. A quick review of the fund’s current holdings could be a quick but effective litmus test as to whether the fund holds the type of companies you’re looking for. (Insight updated 10/15/2014)

QCLN Geographic ExposureView All

Countries QCLN Segment Benchmark
United States 24.83% 96.71%

China 5.94% 3.29%

Canada 0.75% 0.19%

Norway 2.69% --

Spain 6.19% --

Denmark 21.81% --

Germany 3.21% --

Other 29.81% 0%

Regions QCLN Segment Benchmark
North America 25.57% 96.90%

Asia-Pacific 40.54% 3.29%

Europe 33.89% --

Developed /
Emerging Split
91.95% / 8.05% 96.90% / 3.29%

QCLN Performance Statistics

Beta 0.68

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 0.52

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 0.77

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 1.37%

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 Thomson Reuters Global
Renewable Energy

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

QCLN Benchmark Comparison

QCLN
47 Holdings
Segment Benchmark
36 Constituents
Shared Holdings
6 (Count)
 
19.88% (Weight)
QCLNSegment 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
$5.13 B$6.14 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)0%9%
Mid (>2.7B)72%52%
Small (>600M)21%30%
Micro (<600M)8%8%
Price / Book Ratio2.212.45

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

Dividend Yield0.06%0.59%

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
3647

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.

ConcentrationHighHigh

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