FAN
First Trust Global Wind Energy ETFFAN Fund Description
FAN 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
First Trust Global Wind Energy ETF has an MSCI ESG Fund Rating of AA based on a score of 7.43 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. First Trust Global Wind Energy ETF ranks in the 92nd percentile within its peer group and in the 98th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FAN MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FAN Charts And Performance
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FAN Summary Data
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FAN Portfolio Management
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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 3 out of 5.
FAN Tradability
FAN Sector/Industry Breakdown
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FAN Top 10 Holdings[View All]
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FAN Performance Statistics
FAN MSCI ESG Ratings
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FAN Benchmark Comparison Market Cap Size
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