First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID)

Profile

https://www.intervest.be

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund is an exchange-traded fund that tracks the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, focusing on companies involved in electric grid modernization, smart meters, energy storage, management systems, and related enabling software. Launched in 2009 and managed by First Trust Advisors LP, the fund invests at least 90% of its net assets in common stocks or depositary receipts of index constituents, providing targeted exposure to the smart grid and electric energy infrastructure sector. Key holdings include firms like Quanta Services in electrical components, E.ON SE in multi-utilities, and GE Vernova in diversified industrials, with geographic diversity spanning developed markets (91%) such as the U.S., Italy, and Japan, alongside emerging markets (8.1%) like Brazil and South Korea. With approximately $6.8 billion in assets under management and an expense ratio of 0.58%, it plays a significant role in thematic investing, benchmarking innovation in sustainable energy infrastructure amid global transitions to efficient power networks.