FAN
First Trust Global Wind Energy ETFFAN 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 August 16, 2018 the First Trust Global Wind Energy ETF MSCI ESG Fund Quality Score is 6.81 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 89th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
FAN CHARTS AND PERFORMANCE
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FAN Top 10 Countries
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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 1 out of 5.
FAN Tradability
FAN Sector/Industry Breakdown
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FAN TOP 10 HOLDINGS[View All]
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.