FANFirst Trust Global Wind Energy ETF
FAN 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 a 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. It follows a 'wind energy' mandate. The fund 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. The index is reconstituted and rebalanced semi-annually.
FAN MSCI ESG Analytics Insight
First Trust Global Wind Energy ETF has an MSCI ESG Fund Rating of AA based on a score of 7.93 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 90th percentile within its peer group and in the 73th 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 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 5 out of 5.
FAN Sector/Industry Breakdown
FAN Economic Development
FAN Performance Statistics
FAN MSCI ESG Ratings
FAN Benchmark Comparison Summary
FAN Benchmark Comparison Market Cap Size