GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index FundGRID Fund Description
GRID tracks a market-cap-weighted index of companies in the grid and electrical energy infrastructure sector.
GRID Factset Analytics Insight
GRID is a niche fund if ever there was one, targeting a select group of companies determined to be in the smart grid industry by Clean Edge. Just three of GRID's 40 holdings are in our benchmark, as the fund has a completely different mandate than our global infrastructure benchmark. To enhance exposure to the heart of the smart grid market, the index provider uses a tiered weighting scheme that gives more weight to pure-play firms. GRID charges the highest fee in the segment for this very specific exposure (70 bps), and after you factor in the fund's poor tracking and weak liquidity, you could end up paying two or three times that for a round-trip trade. If you can get past the high cost, it is an interesting strategy that's been hot at times.
GRID MSCI ESG Analytics Insight
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has an MSCI ESG Fund Rating of A based on a score of 6.96 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 88th percentile within its peer group and in the 95th 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 Charts And Performance
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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 4 out of 5.
GRID Tradability
GRID Sector/Industry Breakdown
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GRID Top 10 Holdings[View All]
GRID Countries
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GRID Regions
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GRID Economic Development
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GRID Performance Statistics
GRID MSCI ESG Ratings
GRID Benchmark Comparison Summary
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GRID Benchmark Comparison Market Cap Size
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