The ISE Clean Edge Water Index (HHO) is a modified market capitalization-weighted index designed to track the performance of companies that derive a substantial portion of their revenues from the potable water and wastewater industry, as determined by Clean Edge. Industry exposure includes water distribution, infrastructure (pumps, pipes, and valves), water solutions (purification and filtration), and ancillary services such as consulting, construction, and metering.
ISE Clean Edge Water Index Components (Last updated September 2023)
|Advanced Drainage Systems Inc
|Agilent Technologies Inc
|Algonquin Power & Utilities Corp
|American States Water Co
|American Water Works Company Inc
|Badger Meter Inc
|California Water Service Group
|Companhia de Saneamento Basico
|Core & Main, Inc.
|Energy Recovery Inc
|Essential Utilities, Inc
|Franklin Electric Co
|IDEXX Laboratories Inc
|Mueller Industries Inc
|Mueller Water Products Inc
|Primo Water Corp
|Roper Technologies Inc
|Tetra Tech, Inc.
|Valmont Industries Inc
|Watts Water Technologies Inc
|Zurn Water Solutions Corp
ISE Clean Edge Water Index Semi-Annual Changes
As a result of the September 2023 evaluation and/or intraquarterly changes, the following securities were most recently added or removed from the index:
Additions: Ferguson Plc (New York: FERG) and Waters Corp. (New York: WAT)
Deletions: Hawkins, Inc. (NASDAQ: HWKN) and Montrose Environmental Group, Inc. (New York: MEG)
Historical changes are
ISE Clean Edge Water Index Performance
Historical index performance is available
ISE Clean Edge Water Index Methodologies
The ISE Clean Edge Water Index (HHO) (formally the ISE Water Index) began on December 29, 2000 at a base value of 28.80. Click here to learn more.
Eligible security types generally include common stocks, ordinary shares, and depositary receipts.
To be eligible for inclusion in the Index, a security must meet the following criteria (see complete list of index screens by clicking on the Methodology link below):
- the issuer of the security must derive a substantial portion of their revenues from the potable and wastewater industry, according to Clean Edge;
- be listed on The Nasdaq Stock Market, the New York Stock Exchange, NYSE American, or the CBOE Exchange;
- a minimum worldwide market capitalization of $100 million;
- a minimum free float of 20%;
- a minimum three-month average daily dollar trading volume (ADDTV) of $500 thousand;
- one security per issuer is permitted;
- have “seasoned” for at least three months on an index recognized market;
- the issuer of the security may not have entered into a definitive agreement or
other arrangementwhich would likely result in the security no longer being Index eligible;
- may not be issued by an issuer currently in bankruptcy proceedings.
Financial Products Based on the ISE Clean Edge Water Index
The First Trust Water ETF (FIW) is based on the ISE Clean Edge Water Index (HHO) and is sponsored by First Trust Advisors L.P.
Nasdaq® is a registered trademark of Nasdaq, Inc. and Clean Edge® is a registered trademark of Clean Edge, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor Clean Edge, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed or other publicly listed companies or Nasdaq Clean Edge proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.