FAN
First Trust Global Wind Energy ETF
First Trust Exchange-Traded Fund II
Expense ratio1
0.60%
Net assets2
$249.13M
Holdings2
49
Category
International Equity
2025 return3
39.66%

Investment objective & strategy

As of Jan. 28, 2026 · prospectus

Objective. The First Trust Global Wind Energy ETF (the Fund ) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the ISE Clean Edge Global Wind Energy TM Index (the Index ).

Strategy. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by Nasdaq, Inc. (the Index Provider ). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to maintain Index integrity. The Index is designed to track the performance of companies that are primarily engaged and involved in the wind energy industry based on analysis of the products and services offered by those companies (including both Pure Play companies focused on the wind energy sector … The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by Nasdaq, Inc. (the Index Provider ). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to maintain Index integrity. The Index is designed to track the performance of companies that are primarily engaged and involved in the wind energy industry based on analysis of the products and services offered by those companies (including both Pure Play companies focused on the wind energy sector and Diversified multinationals with wind energy sector exposure). According to the Index Provider, in order to be eligible for inclusion in the Index, a security must be issued by a company that is engaged and involved in some aspect of the wind energy industry, such as the development or management of a wind farm, the production or distribution of electricity generated by wind power, or involvement in the design, manufacture or distribution of machinery or materials designed specifically for the industry, as determined by Clean Edge. In addition, in order to be eligible for inclusion in the Index a security must meet the size, float and liquidity requirements of the Index, be listed on an Index-eligible global exchange and have seasoned on an Index-eligible global exchange for at least three months. Securities from the same issuer will be subject to conditions controlled by the Index Provider to determine Index eligibility. According to the Index Provider, the Index allocates an aggregate weight of 60% to companies that are identified as Pure Play and an aggregate weight of 40% to those companies determined to be Diversified. Pure Play companies are those primarily engaged and actively involved in some aspect of the wind energy industry, with 50% or more of revenues and/or generating assets (energy capacity and/or production) coming from wind-related activities. Diversified companies are those simply involved and engaged in some aspect of the wind energy industry. The Index utilizes a modified free float market capitalization weighted methodology for each group of companies. The Pure Play companies are weighted so that the five largest Pure Play companies may not exceed 8% each of the entire Index and the remaining Pure Play Companies may not exceed 4% each of the entire Index. No Diversified company may exceed 2% of the entire Index. The Fund may also invest in companies with various market capitalizations, depositary receipts, U.S. dollar denominated and non-U.S. dollar denominated securities. The Index is rebalanced and reconstituted semi-annually and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of December 31, 2025, the Fund had significant investments in utility companies, industrials companies and European issuers, although this may change from time to time. The Fund's investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of December 31, 2025. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
VESTAS WIND SYST $23.43M 9.40%
NORDEX SE $21.22M 8.52%
ORSTED A/S $20.86M 8.37%
EDP RENOVAVEIS S $16.94M 6.80%
NORTHLAND POWER $15.21M 6.11%
ENLIGHT RENEWABL $9.60M 3.85%
TD TRIPARTY MORTGAGE $8.76M 3.52%
BORALEX INC -A $8.35M 3.35%
CHINA LONGYUAN-H $7.55M 3.03%
ERG SPA $5.35M 2.15%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
5
Exited
1
Increased
30
Decreased
14
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Footnotes

  1. Expense ratio as of January 28, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.

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