GRID 📈 First Trust NASDAQ Clean - Overview

The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, traded on the NASDAQ under the ticker symbol GRID, is designed to provide investors with exposure to the smart grid infrastructure sector. To achieve this, the fund typically allocates at least 90% of its net assets, including any investment borrowings, towards the common stocks and depositary receipts that are components of its underlying index. This strategic allocation allows the fund to closely track the performance of the index, which is comprised of companies that are primarily involved in various aspects of smart grid infrastructure.

These companies are engaged in a range of activities, including the development and implementation of electric grid technologies, advanced electric meters and devices, smart networks, energy storage and management systems, and the software solutions that enable the efficient operation of the smart grid. By focusing on these areas, the fund provides investors with a targeted way to invest in the evolving smart grid infrastructure sector, which is critical for the efficient, reliable, and sustainable distribution of electricity. It's worth noting that, as a non-diversified fund, it may invest a significant portion of its assets in a smaller number of issuers, which can lead to higher volatility compared to a diversified fund.

From a structural perspective, the fund is categorized as an exchange-traded fund (ETF), offering the trading flexibility of individual stocks and the diversification benefits of mutual funds. It is domiciled in the United States and has the ISIN US33737A1088. For more detailed information about the fund, including its investment objectives, strategies, and performance, investors can visit the website of its issuer, accessible at http://www.ftportfolios.com/. This resource can provide valuable insights into the fund's operations, holdings, and other key aspects that are essential for making informed investment decisions.