GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID Fund Description
GRID tracks a market-cap-weighted index of global equities in the smart grid and electrical energy infrastructure sector.
GRID Factset Analytics Insight
GRID is concentrated fund targeting global equities determined to be in the smart grid and electrical energy infrastructure sector as determined by Clean Edge. The fund includes companies that are either Pure Play — more than 50% revenues or Diversified — less than 50% revenues are derived from the smart grid and electrical energy infrastructure sector. The sector may include business in electric grid, electric meters and devices, networks, energy storage and management, and enabling software. GRID also screens for minimum liquidity and market cap. To enhance exposure to the smart grid market, the index provider uses a tiered weighting scheme. Securities are initially market cap weighted. Then a collective weight of 80% for Pure Play and 20% for Diversified are allocated. The Index is reconstituted semi-annually and rebalanced quarter.
GRID MSCI ESG Analytics Insight
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has an MSCI ESG Fund Rating of AA based on a score of 7.99 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 NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ranks in the 93th percentile within its peer group and in the 82nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
GRID 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.
GRID Summary Data
GRID Portfolio Data
GRID Index Data
GRID Portfolio Management
GRID Tax Exposures
GRID Fund Structure
GRID Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GRID. GRID is rated a 5 out of 5.
GRID Sector/Industry Breakdown
GRID Economic Development
GRID Performance Statistics
GRID MSCI ESG Ratings
GRID Benchmark Comparison Summary
GRID Benchmark Comparison Market Cap Size