First Trust NASDAQ Clean Edge US Liquid Series Index Fund ETF (QCLN)

The First Trust NASDAQ Clean Edge US Liquid Series Index Fund ETF (QCLN) started trading in February 2007. As its name suggests, it tracks the NASDAQ Clean Edge US Liquid Series Index, minus expenses and fees.

The NASDAQ Clean Edge Index measures the performance of US corporations involved in clean energy development, distribution, installation, and manufacturing. This includes companies involved in bio-fuels, solar energy, and wind energy. The index is rebalanced quarterly.

The ETF is passively managed, with an expense ratio of 0.6%. The expense ratio is capped at 0.6% until mid May 2009, after which it may rise.

As of August 2008, the ETF had the following sector breakdown:

Basic materials 4.52%
Consumer goods 0.49%
Industrials 49.57%
Technology 41.77%
Utilities 3.65%

The ETF has not paid dividends in the past.

As of August 2008, QCLN holds 49 stocks. Its holdings are listed below.