(GRID) First Trust NASDAQ Clean - Ratings and Ratios

The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ: GRID) is designed to provide exposure to companies at the forefront of modernizing and digitizing the electric grid. It typically allocates at least 90% of its net assets to the common stocks and depositary receipts that make up its underlying index. This index is crafted to include businesses that are pivotal in advancing smart grid infrastructure, spanning electric grids, meters, devices, networks, energy storage, and the software systems that orchestrate these components seamlessly.

GRID is structured as a non-diversified fund, which means it can take larger positions in fewer companies, allowing for a more concentrated exposure to the smart grid sector. This is particularly relevant for investors seeking targeted access to the transformation underway in energy distribution and management. The funds focus aligns with the broader shift toward renewable energy integration and grid modernization, making it a potential fit for portfolios looking to capitalize on these trends.

From a numerical standpoint, GRID manages assets totaling approximately $2.17 billion, underscoring its status as a substantial player in the ETF landscape. Its important to note that the fund does not emphasize traditional valuation metrics like P/E or P/B, as its strategy is more growth-oriented, focusing on technological and infrastructural advancements rather than income generation. This approach is typical for funds targeting emerging sectors where revenue growth often takes precedence over near-term profitability.

GRID is domiciled in the United States and trades on the NASDAQ exchange under the ticker symbol GRID. It falls under the infrastructure category of ETFs, further narrowing its focus to the smart grid niche. For more detailed information, prospective investors can visit the funds website at http://www.ftportfolios.com. This fund is tailored for those looking to invest in the technological and infrastructural backbone of the future energy grid.