First Trust Water ETF
Overview
Fund Objective & Strategy
The First Trust Water ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the ISE Clean Edge Water Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
- The Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry.
- The Index begins by establishing the total population of stocks in the potable and wastewater industry and eliminates stocks which do not meet the Index's baseline eligibility requirements.
- To meet Index eligibility, a stock must satisfy market capitalization, liquidity and weighting concentration requirements.
- The Index selects the top 36 stocks in the industry by market capitalization.
- The Index is rebalanced on the application of the above model on a semi-annual basis.
Fund Facts
Current Fund Data
As Of 10/28/2024Fees And Expenses
As Of 5/1/2024Expenses are capped contractually at 0.60% per year, at least through 4/30/2025.
Yield Information
As Of 9/30/2024Performance
Hypothetical Growth of $10,000 Since Inception *
Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.
Tracking Index: ISE Clean Edge Water™ Index
Month End Performance
As Of 9/30/2024Fund Performance * | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception†|
---|---|---|---|---|---|---|---|
Net Asset Value (NAV) | 9.58% | 15.71% | 32.98% | 9.41% | 14.95% | 13.97% | 11.08% |
Market Price | 9.56% | 15.69% | 32.93% | 9.40% | 14.94% | 13.96% | 11.08% |
  |   |   |   |   |   |   |   |
Index Performance ** | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception†|
ISE Clean Edge Water™ Index | 9.73% | 16.18% | 33.74% | 10.22% | 15.77% | 14.67% | 11.79% |
Russell 3000® Index | 6.23% | 20.63% | 35.19% | 10.29% | 15.26% | 12.83% | 9.92% |
†Inception Date is 5/8/2007
Quarter End Performance
As Of 9/30/2024Fund Performance * | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception†|
---|---|---|---|---|---|---|---|
Net Asset Value (NAV) | 9.58% | 15.71% | 32.98% | 9.41% | 14.95% | 13.97% | 11.08% |
Market Price | 9.56% | 15.69% | 32.93% | 9.40% | 14.94% | 13.96% | 11.08% |
  |   |   |   |   |   |   |   |
Index Performance ** | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception†|
ISE Clean Edge Water™ Index | 9.73% | 16.18% | 33.74% | 10.22% | 15.77% | 14.67% | 11.79% |
Russell 3000® Index | 6.23% | 20.63% | 35.19% | 10.29% | 15.26% | 12.83% | 9.92% |
†Inception Date is 5/8/2007
3 Year Statistics
As Of 9/30/2024Standard Deviation Standard Deviation is a measure of price variability (risk).
| Alpha Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.
| Beta Beta is a measure of price variability relative to the market.
| Sharpe Ratio Sharpe Ratio is a measure of excess reward per unit of volatility.
| Correlation Correlation is a measure of the similarity of performance.
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No Matching Results |
* Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.
Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.
** Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.
Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
Pricing
Price History
Bid/Ask Premium/Discount
As Of 10/28/2024  | 2023 | 1/1/2024 - 3/31/2024 | 4/1/2024 - 6/30/2024 | 7/1/2024 - 9/30/2024 |
---|---|---|---|---|
Days Traded at Premium | 162 | 37 | 60 | 46 |
Days Traded at Discount | 88 | 24 | 3 | 18 |
Holdings
Holdings
Security Name | Identifier | CUSIP | Classification | Shares / Quantity | Market Value | Weighting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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No Matching Results |
Holdings are subject to change.
The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.
ISE Clean Edge Water™ Index (HHO )
Security Name | Ticker or CUSIP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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No Matching Results |
Fund Characteristics
As Of 9/30/2024Top Holdings
As Of 10/28/2024Excluding cash. Holdings are subject to change.
Top Sector Exposure
As Of 10/28/2024Distributions
Distribution History
Ex-Dividend Date | Record Date | Payable Date | Distribution Amount | Distribution Type Ordinary distributions may include realized short-term capital gains and/or returns of capital. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end. The Fund will send you a Form 1099-DIV for the current year that will tell you how to report these distributions for federal income tax purposes.
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No Matching Results |
The distribution history represents dividends that were paid by the Fund and is not a guarantee of the Fund's future dividend-paying ability.
You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.
You could lose money by investing in a fund. An investment in a fund is not a deposit of a bank and is not insured or guaranteed. There can be no assurance that a fund's objective(s) will be achieved. Investors buying or selling shares on the secondary market may incur customary brokerage commissions. Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks. The order of the below risk factors does not indicate the significance of any particular risk factor.
Unlike mutual funds, shares of the fund may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a premium or discount to a fund's net asset value and possibly face delisting and the bid/ask spread may widen.
Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. As a means to fight inflation, the Federal Reserve and certain foreign central banks have raised interest rates; however, the Federal Reserve has recently lowered interest rates and may continue to do so. Recent and potential future bank failures could result in disruption to the broader banking industry or markets generally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce liquidity. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities have and could continue to have a significant impact on certain fund investments as well as fund performance and liquidity. The COVID-19 global pandemic, or any future public health crisis, and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.
A fund is susceptible to operational risks through breaches in cyber security. Such events could cause a fund to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss.
Depositary receipts may be less liquid than the underlying shares in their primary trading market and distributions may be subject to a fee. Holders may have limited voting rights, and investment restrictions in certain countries may adversely impact their value.
Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry or sector of the market.
An index fund will be concentrated in an industry or a group of industries to the extent that the index is so concentrated. A fund with significant exposure to a single asset class, or the securities of issuers within the same country, state, region, industry, or sector may have its value more affected by an adverse economic, business or political development than a broadly diversified fund.
A fund may be a constituent of one or more indices or models which could greatly affect a fund's trading activity, size and volatility.
There is no assurance that the index provider or its agents will compile or maintain the index accurately. Losses or costs associated with any index provider errors generally will be borne by a fund and its shareholders.
Industrials and producer durables companies are subject to certain risks, including the general state of the economy, intense competition, consolidation, domestic and international politics, excess capacity and consumer demand and spending trends. They may also be significantly affected by overall capital spending levels, economic cycles, technical obsolescence, delays in modernization, labor relations, and government regulations.
Large capitalization companies may grow at a slower rate than the overall market.
Market risk is the risk that a particular security, or shares of a fund in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund.
A fund faces numerous market trading risks, including the potential lack of an active market for fund shares due to a limited number of market makers. Decisions by market makers or authorized participants to reduce their role or step away in times of market stress could inhibit the effectiveness of the arbitrage process in maintaining the relationship between the underlying values of a fund's portfolio securities and a fund's market price.
An index fund's return may not match the return of the index for a number of reasons including operating expenses, costs of buying and selling securities to reflect changes in the index, and the fact that a fund's portfolio holdings may not exactly replicate the index.
Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, lack of liquidity, lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.
A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks. The fund also relies on third parties for a range of services, including custody, and any delay or failure related to those services may affect the fund's ability to meet its objective.
A fund that invests in securities included in or representative of an index will hold those securities regardless of investment merit and the fund generally will not take defensive positions in declining markets.
The market price of a fund's shares will generally fluctuate in accordance with changes in the fund's net asset value ("NAV") as well as the relative supply of and demand for shares on the exchange, and a fund's investment advisor cannot predict whether shares will trade below, at or above their NAV.
Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.
Trading on an exchange may be halted due to market conditions or other reasons. There can be no assurance that a fund's requirements to maintain the exchange listing will continue to be met or be unchanged.
Water companies can be significantly affected by the availability of water, the level of rainfall and the occurrence of other climatic and environmental events, changes in water consumption and water conservation. Water companies may also be negatively affected by changes in governmental regulation and spending, technological advances and increases in inflation, interest rates or the cost of raw materials. Water companies may be subject to liability for environmental damage, depletion of resources, conflicts with local communities over water rights and mandated expenditures for safety and pollution control.
First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s). FTA is an affiliate of First Trust Portfolios L.P., the distributor of the fund(s).
©2024 Morningstar, Inc. All Rights Reserved. The Morningstar RatingTM information contained herein: (1) is proprietary to Morningstar;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Nasdaq®, Clean Edge®, and ISE Clean Edge Water Index are registered trademarks and service marks of Nasdaq, Inc. and Clean Edge, Inc., respectively (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
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