FIW ETF ANALYSIS

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FIW ETF FUNDAMENTALS
FIW ETF PERFORMANCE

FIW ISSUER

The First Trust ISE Water Index Fund (FIW) is managed by First Trust Advisors, L.P. This ETF seeks to replicate the performance of the ISE Water Index, which is developed and owned by Nasdaq, Inc. The index is designed to track the performance of companies across various market capitalizations that derive a substantial portion of their revenues from the potable water and wastewater industry, including segments like water distribution, infrastructure, purification, filtration, and related services.

FIW DIVIDEND

The First Trust Water ETF (FIW) focuses on the water industry, and while its primary objective is not dividend yield, it does distribute dividends to its investors. Dividends in this ETF are typically paid on a quarterly basis, in line with the dividend policies and performance of the water-related companies within its portfolio. Investors seeking exposure to the water sector may appreciate the potential for both capital growth and some dividend income from FIW.

FIW TRACKING

Tracking the Clean Edge Water Index is the primary objective of the First Trust Water ETF (FIW). This ETF aims to mirror the performance of the Clean Edge Water Index, which is designed to follow companies in the portable water and wastewater industry. The Clean Edge Water Index includes a wide range of businesses related to water distribution, infrastructure, purification, and ancillary services such as consulting and construction. FIW investors can expect their holdings to closely align with the performance of companies within the potable water and wastewater sector, offering exposure to this specific industry niche. The fund follows a modified market capitalization-weighted methodology for selecting and weighting component securities within the index, and it rebalances semi-annually to ensure alignment with the index composition. As of March 31, 2023, FIW held significant investments in industrials and utility companies, although its portfolio may evolve over time to reflect changes in the index. Investors should be aware of the concentration risk associated with investing in a specific industry or group of industries through this ETF.

FIW CORRELATION

The correlation aspect of the First Trust Water ETF (FIW) is known for its strong link to the performance of companies in the potable water and wastewater industry. Given that FIW seeks to replicate the performance of the Clean Edge Water Index, its correlation with companies engaged in water distribution, infrastructure, purification, filtration, and related services is expected to be significant. This correlation makes FIW a valuable tool for investors looking to gain exposure to this specific industry and to track its performance over time.

FIW SECTOR

The First Trust Water ETF (FIW) primarily focuses on the potable water and wastewater industry, investing at least 90% of its net assets in securities comprising the Clean Edge Water Index. This index, developed and maintained by Nasdaq, Inc., tracks the performance of companies involved in water distribution, infrastructure, solutions, and related services such as consulting and construction. The ETF's holdings are weighted by market capitalization, with the top 10 securities receiving a 4% weight, ensuring exposure to this essential industry, albeit with a concentration risk.

FIW EXPOSURE

The First Trust Water ETF (FIW) is designed to track the performance of the Nasdaq US Water Index. FIW focuses on providing exposure to companies in the potable water and wastewater industry. This ETF seeks to replicate the index, which is comprised of small, mid, and large capitalization companies that generate a substantial portion of their revenue from various aspects of the water industry, including water distribution, infrastructure, purification, filtration, and related services like consulting and construction. With a modified market capitalization-weighted methodology, FIW offers investors a way to access the growth potential within the water sector in the United States.

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FREQUENTLY ASKED QUESTIONS

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