First Trust ISE Global Wind Energy Index Fund (FAN)

The First Trust ISE Global Wind Energy Index Fund (FAN) started trading in mid June 2008. It tracks the International Securities Exchange Global Wind Energy Index, minus expenses and fees.

The International Securities Exchange Global Wind Energy Index measures the performance of corporations involved in wind energy development, management of wind farms, production or distribution of electricity derived from wind power, or the design, manufacture, or distribution of equipment primarily for wind energy. The index is rebalanced and reconstituted twice a year. The index includes American Depository Receipts, European Depository Receipts, and Global Depository Receipts.

The ETF is passively managed, with an expense ratio of 0.6%. The expense ratio is capped at 0.6% until mid June 2010, after which it may rise.

The ETF has no history of dividend payments.

As of August 2008, the First Trust ISE Global Wind Energy Index Fund holds 67 stocks. Its holdings are listed below.