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Investment 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.
- 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.
Ticker | FIW |
Fund Type | Sector - Water |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33733B100 |
ISIN | US33733B1008 |
Intraday NAV | FIWIV |
Fiscal Year-End | 12/31 |
Exchange | NYSE Arca |
Inception | 5/8/2007 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Rebalance Frequency | Semi-Annual |
Total Expense Ratio* | 0.53% |
Net Expense Ratio* | 0.53% |
* As of 5/1/2024
Expenses are capped contractually at 0.60% per year, at least through April 30, 2025.
Closing NAV1 | $106.19 |
Closing Market Price2 | $106.20 |
Bid/Ask Midpoint | $106.22 |
Bid/Ask Premium | 0.03% |
30-Day Median Bid/Ask Spread3 | 0.08% |
Total Net Assets | $1,837,168,567 |
Outstanding Shares | 17,300,002 |
Daily Volume | 39,411 |
Average 30-Day Daily Volume | 33,201 |
Closing Market Price 52-Week High/Low | $109.82 / $77.69 |
Closing NAV 52-Week High/Low | $109.77 / $77.74 |
Number of Holdings (excluding cash) | 36 |
Holding |
Percent |
Ecolab Inc. |
4.05% |
Roper Technologies, Inc. |
4.00% |
IDEX Corporation |
3.99% |
Pentair Plc |
3.95% |
American Water Works Company, Inc. |
3.84% |
AECOM |
3.83% |
Ferguson Enterprises Inc. |
3.83% |
Xylem Inc. |
3.82% |
Waters Corporation |
3.79% |
IDEXX Laboratories, Inc. |
3.76% |
*Â Excluding cash.Â
Holdings are subject to change.
Past performance is not indicative of future results.
Among 109 funds in the Natural Resources category. This fund was rated 4 stars/109 funds (3 years), 5 stars/103 funds (5 years), 5 stars/90 funds (10 years) based on risk adjusted returns.
Maximum Market Cap. | $72,651 |
Median Market Cap. | $8,868 |
Minimum Market Cap. | $900 |
Price/Earnings | 29.28 |
Price/Book | 3.96 |
Price/Cash Flow | 19.49 |
Price/Sales | 2.97 |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
162 |
37 |
60 |
46 |
Days Traded at Discount |
88 |
24 |
3 |
18 |
Industrials
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55.22%
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Utilities
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16.75%
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Health Care
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11.27%
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Information Technology
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9.06%
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Materials
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5.23%
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Consumer Staples
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2.47%
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Tracking Index: ISE Clean Edge Water™ Index
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FIW |
21.49% |
-1.06 |
1.12 |
0.37 |
0.92 |
Russell 3000® Index |
17.80% |
--- |
1.00 |
0.45 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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