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Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD)

QGRD Index Logo

The Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) is designed to act as a transparent and liquid benchmark for the smart grid and electric infrastructure sector. The Index includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and management; connected mobility; and enabling software used by the smart grid and electric infrastructure sector (including both pure play companies focused on the smart grid sector and diversified multinationals with smart grid sector exposure).

An exchange traded fund, GRID, is based on the Nasdaq Clean Edge Smart Grid Infrastructure Index and is sponsored by First Trust Advisors L.P. See index components and learn more about our methodologies, up-to-date performance, and licensed products below.

facts Click above to access the Nasdaq Clean Edge Green Energy Index (CELS) Fact Sheet.

Clean Edge Smart Grid Infrastructure Index Components (Last updated September 2023)

TickerName
ABBNABB
AEISAdvanced Energy Industries
2395Advantech
AESAES Corporation
ALFENAlfen Beheer
1514Allis Electric Co., Ltd.
ALUP11Alupar Investimento SA
AMSCAmerican Superconductor Corp
ADIAnalog Devices
APTVAptiv
ACAArcosa
ATKRAtkore, Inc.
AZZAZZ Incorporated
BDCBelden
1211BYD
EBRCentrais Eléctricas Brasileiras SA - Electrobras
1513Chung-Hsin Electric & Machinery Mfg. Corp.
CSCOCisco
TRPL4Companhia de Transmissão de Energia Elétrica Paulista
CPLE11Companhia Paranaense de Energia – COPEL
6622Daihen Corporation
DGIIDigi International
EOANE.ON SE
ETNEaton
EDPEDP-Energias de Portugal S.A.
ELIElia Group
EMREmerson Electric Co
ENELEnel SPA
ENSEnerSys
ENGIEngie
ENPHEnphase Energy
EQTL3Equatorial Energia S.A.
ESEESCO Technologies
FLNCFluence Energy, Inc.
FTS  Fortis, Inc. 
1519Fortune Electric Co., Ltd.
GNRCGenerac Holdings
GEGeneral Electric
ENGI11Grupo Energisa S.A.
6674GS Yuasa Corporation
HPS.AHammond Power Solutions, Inc.
267260HD Hyundai Electric
6501Hitachi
HONHoneywell International
HUBBHubbell, Inc. 
HHydro One Ltd.
298040Hyosung Heavy Industries Corp.
IBEIberdrola S.A.
IBMIBM
103590Iljin Electric Co. Ltd
IFXInfineon Technologies AG
ITRIItron, Inc.
JCIJohnson Controls International PLC
LANDLandis & Gyr
LFUSLittelfuse, Inc.
10120LS Electric Co., Ltd.
MTZMasTec, Inc. 
6508Meidensha Corp
MYRGMYR Group, Inc.
NGNational Grid
NEXNexans S.A.
5333NGK Insulators
NKTNKT A/S
NVTnVent Electric PLC
NVDANvidia
NXPINXP Semiconductors
ORCLOracle
6644Osaki Electric Co., Ltd.
6752Panasonic
PLPCPreformed Line Products Co.
PRYPrysmian
QCOMQUALCOMM, Inc.
PWRQuanta Services
REDRedeia
RENERedes Energéticas Nacionais, SGPS, S.A.
6723Renesas Electronics Corp.
6400Samsung SDI Co Ltd
SUSchneider Electric
SIESiemens AG
S92SMA Solar Technologies
SEDGSolarEdge Technologies, Inc
SPIESPIE S.A.
SSESSE PLC
SJStella Jones
STMSTMicroelectronics – ADR
5802Sumitomo Electric Industries, Ltd.
1609Ta Ya Electric Wire & Cable Co., Ltd.
1440Taihan Electric Wire Co., Ltd.
6617Takaoka Toko CO LTD
TRNTerna SPA
TSLATesla
TXNTexas Instruments Inc.
TAEE11Transmissora Alianca de Energia Elétrica S.A.
TRMBTrimble Inc.
VMIValmont Industries
VERVerbund AG
6409Voltronic Power Technology Corp.
WEGE3WEG S.A.
WCCWesco International
WLDNWildan Group Inc.

constituents Click above to access an overview of all QGRD Index constituents.

Nasdaq OMX Clean Edge Smart Grid Infrastructure 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: Allis Electric Co., Ltd. (Taiwan: 1514), Atkore, Inc. (New York: ATKR), Companhia de Transmissão de Energia Elétrica Paulista (São Paulo: TRPL4), Companhia Paranaense de Energia – COPEL (São Paulo: CPLE11), Daihen Corporation (Tokyo: 6622), Equatorial Energia S.A. (São Paulo: EQTL3), Fortune Electric Co., Ltd. (Taiwan: 1519), Hammond Power Solutions, Inc. (Toronto: HPS.A), HD Hyundai Electric (Korea: 267260), Iljin Electric Co., Ltd (Korea: 103590), Osaki Electric Co., Ltd. (Tokyo: 6644), Sumitomo Electric Industries, Ltd. (Tokyo: 5802), Ta Ya Electric Wire & Cable Co., Ltd. (Taiwan: 1609), Taihan Electric Wire Co., Ltd. (Korea: 001440), Transmissora Alianca de Energia Elétrica S.A. (São Paulo: TAEE11), Voltronic Power Technology Corp. (Taiwan: 6409), and WEG S.A. (São Paulo: WEGE3)

Deletions: National Instruments Corp. (NASDAQ: NATI) and Toshiba Corp. (Tokyo: 6502)

Historical changes are available here.

Clean Edge Smart Grid Infrastructure Index Performance

Historical index performance is available here.

Clean Edge Smart Grid Infrastructure Index Methodologies

Index Calculation

The Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) began on September 22, 2009, at a base value of 250.00.  Click here  to learn more.

Eligibility Criteria

To be included 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 be classified as a smart grid, electric infrastructure, EV network, smart building, software, and/or other grid related activities company according to Clean Edge;
  • the security must be listed on an index-eligible global stock exchange approved by the Index Administrator

The component securities are classified as Pure Play or Diversified. Pure Play securities are given a collective weight of 80% and the diversified securities are given a collective weight of 20% in the Index.

  • Pure Play (must receive a significant portion of revenue from smart grid and grid infrastructure activities)
  • Diversified (must have activities that contribute to broader grid modernization and smart grid market)

QGRD is the world’s first exchange-listed index to track smart grid and electric infrastructure companies. Our goal is to act as a transparent and liquid benchmark for companies active in this sector.

methodology Click above to access detailed QGRD index methodology information.

Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) constituents must pass a rigorous screening test:

  • Must be listed on eligible exchange
  • Must have a minimum float-adjusted worldwide market capitalization of $100 million
  • Must have a minimum three-month average daily dollar trading volume of $500 thousand
  • Must pass qualitative criteria established by Clean Edge

Clean Edge Smart Grid Infrastructure Financial Products 

The  First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (GRID)  is based on the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) and is sponsored by First Trust.

Disclaimer:
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.