Summary
The First Trust Global Wind Energy ETF (FAN) tracks the ISE Clean Edge Global Wind Energy Index. It invests in a few dozen stocks related to wind energy.
Investment Thesis
FAN is the fund for investing in the global wind energy. In the ETF space there is nothing else like it. Its historic return is low, but not horrible. Wind energy has growth potential as an alternative to fossil fuels in both developed and emerging economies that are fighting pollution problems and/or trying to meet the standards of climate change laws and treaties.
Statistics
Updated May 31, 2018:
- Total Assets: $91.6 million
- Total Holdings: 46
- Portfolio Turnover: 78%
- Net Expense Ratio: 0.60%
- Distribution Yield: 2.40%
- P/E Ratio: 14.59
- Alpha: 3.32
- Beta: 0.97
Analysis
Morningstar
- Overall Rating: 1-Star
- Investment Style: Mid Cap Blend
- Historic Return: Low
- Historic Risk: Below Average
Portfolio
Region Allocation
- Europe: 53.66%
- Asia: 25.15%
- North America: 16.71%
- Australia: 4.48%
Top Ten Countries
- China: 20.52%
- Denmark: 14.76%
- Spain: 12.82%
- USA: 11.13%
- Germany: 11.04%
- Canada: 5.57%
- Australia: 4.47%
- Italy: 3.83%
- Japan: 3.61%
- Switzerland: 2.35%
Sector Allocation
- Utilities: 52.69%
- Industrials: 45.28%
- Materials: 1.85%
- Energy: 0.17%
Market Cap Allocation
- Giant: 13.48%
- Large: 46.82%
- Mid: 20.72%
- Small: 14.85%
- Micro: 4.14%
Top Ten Holdings
- China Longyuan Power Group
- Siemens Gamesa Renewable Energy
- Orsted
- Vestas Wind Systems
- Boralex Inc
- Nordex
- Xinjiang Goldwind Science & Technology
- China High Speed Transmission
- Infigen Energy
- RWE AG
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