First Trust Global Wind Energy ETF
FAN
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- First Trust Global Wind Energy ETF (FAN) is an exchange-traded fund that provides investment exposure to companies actively involved in the global wind energy industry, tracking the ISE Clean Edge Global Wind Energy Index through a portfolio weighted by float-adjusted market capitalization with strict concentration limits on individual holdings. The fund invests across the wind energy value chain, including turbine manufacturers such as Vestas Wind Systems A/S and Nordex SE; wind farm developers and operators like Orsted A/S, EDP Renovaveis SA, Northland Power Inc., and Boralex Inc.; diversified energy producers including China Longyuan Power Group Corporation Limited and GE Vernova Inc.; and component suppliers such as Siemens Energy AG and CS Wind Corp.. With approximately 53 holdings as of late 2025 and assets under management of around $187 million, FAN targets pure-play wind companies for roughly 60% of its portfolio and diversified sector participants for the balance, with top holdings capped at 8% for pure-plays and lower limits thereafter; the underlying index undergoes semi-annual reconstitution and rebalancing. Launched on June 16, 2008, and issued by First Trust Advisors L.P. (FTA), headquartered in Wheaton, Illinois, the fund operates globally with primary exposure to developed markets in Europe (e.g., Denmark, Spain, Germany), North America (U.S., Canada), and Asia (China); FTA, founded in 1991, oversees a broad suite of ETFs, unit investment trusts, and other products with over $268 billion in assets under management or supervision. Notable recent developments include a 2016 name change from First Trust ISE Global Wind Energy Index Fund to its current designation and a 2017 revision to the underlying index methodology that adjusted weighting and position limits to enhance diversification; more recently, FAN has maintained quarterly dividend distributions, with the latest ex-dividend date of June 26, 2025, at $0.1066 per share, amid ongoing portfolio rebalancing to reflect index changes and sector dynamics in wind energy.. FTA, the fund's investment advisor, completed the reorganization of its First Trust Specialty Finance and Financial Opportunities Fund into the FT Confluence BDC & Specialty Finance Income ETF in June 2025, expanding its actively managed ETF offerings, while launching its 300th ETF focused on critical metals earlier in the year to capitalize on energy transition themes.. The ETF remains passively managed with an expense ratio of 0.60%, distributing qualified dividends, and faces sector-specific risks including supply chain pressures, regulatory shifts, and competition from alternative renewables..