GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index FundGRID 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 AAA based on a score of 8.96 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 91st percentile within its peer group and in the 97th 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 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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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.