First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
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.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Feb 14, 2007
- CIK
- 0001329377
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield of the NASDAQ Clean Edge Green Energy Index, a modified market capitalization-weighted equity index designed to track the performance of U.S.-listed clean energy companies engaged in the manufacturing, development, distribution, and installation of clean-energy technologies; these include solar photovoltaics, wind power, advanced batteries, fuel cells, biofuels, and electric vehicles. The fund, launched on February 8, 2007, and managed by First Trust Advisors L.P., normally invests at least 90% of its net assets in the common stocks comprising the index, with top holdings as of late 2025 including First Solar Inc. (9.49%), Tesla Inc. (8.92%), Rivian Automotive Inc. (7.57%), ON Semiconductor Corp. (6.81%), and Bloom Energy Corp. (6.43%). Headquartered in Wheaton, Illinois, the fund primarily targets institutional and retail investors focused on the clean energy sector within the broader renewable energy and thematic equity markets, with assets under management approximating $565 million and an expense ratio of 0.56%. The fund's portfolio spans key industry segments such as renewable energy equipment (e.g., solar inverters and trackers from Enphase Energy and Array Technologies), automobiles (e.g., electric vehicles from Tesla and Rivian), semiconductors (e.g., power management chips from ON Semiconductor and Allegro Microsystems), alternative electricity production (e.g., from Ormat Technologies and Brookfield Renewable Partners), and chemicals/mining (e.g., lithium and battery materials from Albemarle and MP Materials); other categories encompass machinery, electronic components, and alternative fuels. Geographically, the fund concentrates on U.S.-listed securities (approximately 93.6% U.S. stocks, 6.3% non-U.S. stocks), providing exposure to North American clean energy markets with minor international diversification. Recent developments include semi-annual index re-rankings in March and September 2024, which adjusted constituent weightings to reflect evolving market capitalizations and sector dynamics in clean energy; for instance, March 2024 updates incorporated advancements in silicon carbide materials by holdings like Wolfspeed, contributing to heightened trading volume. First Trust Advisors announced quarterly distributions throughout 2024 and 2025, including a December 2025 dividend of $0.0197 per share, alongside routine trustee elections and re-elections in August and May 2025 to ensure ongoing governance stability. No major acquisitions, funding rounds, or structural reorganizations were reported for the fund itself in the last 1-2 years, though portfolio shifts responded to clean energy sector catalysts such as U.S. Treasury tax credit guidance boosting solar holdings like First Solar amid a broader clean tech rally.