FIWFirst Trust Water ETF
FIW Fund Description
FIW tracks an index of the 36 largest US-listed water companies, weighted equally within five tiers.
FIW Factset Analytics Insight
FIW holds 36 of the largest US-listed water companies, ranked by market cap and weighted equally within five tiers. Companies of any market capitalization that derive revenue from the potable and wastewater industry are selected. In addition, its tiered equal-weighting scheme boosts the weight of small- and micro-cap companies, hence, reducing concentration. FIW changed its name from First Trust ISE Water Index Fund to First Trust Water ETF on December 14, 2016, which had no impact to FIW's investment strategy. The index is rebalanced and reconstituted semi-annually.
FIW MSCI ESG Analytics Insight
First Trust Water ETF has an MSCI ESG Fund Rating of AAA based on a score of 8.72 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 Water ETF ranks in the 87th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FIW 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.
FIW Summary Data
FIW Portfolio Data
FIW Index Data
FIW Portfolio Management
FIW Tax Exposures
FIW Fund Structure
FIW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FIW. FIW is rated a 5 out of 5.
FIW Top 10 Holdings[View All]
FIW Economic Development
FIW Performance Statistics
FIW MSCI ESG Ratings
FIW Benchmark Comparison Summary
FIW Benchmark Comparison Market Cap Size