First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Nov 17, 2009
- CIK
- 0001364608
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) is an exchange-traded fund that tracks the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, providing investors with exposure to global companies involved in smart grid and electrical energy infrastructure; these include firms engaged in electric grid construction, electric meters and devices, networking equipment, energy storage and management systems, and related smart grid software and services. The fund holds approximately 102-122 securities, with top holdings such as Schneider Electric SE, National Grid plc, ABB Ltd, Eaton Corporation plc, and Johnson Controls International plc, spanning sectors like electrical components, multi-utilities, diversified industrials, and semiconductors. Launched on November 16, 2009 and managed by First Trust Advisors L.P., a subsidiary of First Trust Portfolios L.P. headquartered in Wheaton, Illinois, the fund operates with a 0.56% expense ratio and quarterly distributions, including a recent $0.2357 per share ex-dividend payment on September 25, 2025. GRID invests in a market-cap-weighted portfolio of growth and value stocks across large, mid, and small capitalization companies primarily in the industrials and technology sectors, targeting utilities, engineering services, renewable energy equipment, and electronic components; geographic exposure is global, with significant allocations to the United States, Europe (e.g., France, UK, Switzerland, Italy), and emerging markets in Asia and Latin America. The fund serves institutional and retail investors seeking thematic exposure to electrification trends, AI data center demand, renewable integration, and grid modernization amid rising electricity needs. In recent developments, GRID has experienced strong performance driven by AI, data center, and electrification themes, achieving a 27.98% total return over the past year and reaching new 52-week highs above $157 as of late 2025, with analysts upgrading ratings due to improved valuations relative to the S&P 500 and robust sector momentum. Portfolio holdings adjustments reflect increased weighting in key smart grid leaders amid global infrastructure buildout, while First Trust Advisors announced quarterly distributions including $0.2731 per share in December 2024; no major acquisitions, partnerships, or structural changes to the fund itself have occurred, though underlying holdings benefit from broader sector tailwinds like policy support for clean energy grids. The fund maintains full replication of its index without derivatives, focusing on long-only thematic equity with currency unhedged exposure.