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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) is an index US Technology Equity ETF by First. With a 0.56% MER, it provides diversified exposure through 44 holdings. Quarterly distribution with a 0.87% yield.
GRID by First is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.56% MER, its fees are in line with category averages.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.