NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index (QGRD)

NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index (QGRD)

QGRD

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; and enabling software used by the smart grid and electric infrastructure sector.

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.

Clean Edge® Smart Grid Infrastructure Index Components (Last updated September 2016)

Ticker Name
ABBN.VX ABB
AEIS Advanced Energy Industries
AMSC American Superconductor Corporation
AZZ AZZ Incorporated
BMI Badger Meter, Inc
CTRL Control4 Corporation
DGII Digi International
ETN Eaton
ENOC EnerNOC, Inc.
ENS EnerSys
ESE ESCO Technologies
BGC General Cable
GE General Electric
HON Honeywell International
HUBB Hubbell, Inc. 
ITRI Itron, Inc.
MTZ MasTec, Inc. 
MYRG MYR Group, Inc.
Ticker Name
6701 NEC
NG.L National Grid
NGKIF NGK Insulators
6644 Osaki Electric
6752 Panasonic
PRY.MI Prysmian
PWR Quanta Services
REE Red Electrica
SAFT Saft Group
SU.PA Schneider Electric
SIE Siemens AG
SSNI Silver Spring Networks, Inc.
S92.DE SMA
6502 Toshiba
VMI Valmont Industries
3393.HK Wasion Group Holdings
WCC Wesco International

Clean Edge® Smart Grid Infrastructure Index Semi-Annual Changes

As a result of the September 2016 evaluation and intra-quarterly updates, the following securities were most recently added or removed from the Index:  

Addition:   American Superconductor (AMSC) .

Removal:   Enphase Energy (ENPH).

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

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.

To be included in the Index, a security must meet the following criteria:

  • the issuer of the security must be classified as smart grid, electric infrastructure 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 50 percent or more of their revenue from smart grid, electric infrastructure, and/or other grid-related activities)
  • Diversified (must receive between 10-50 percent, or $1 billion, in revenue from smart grid and grid infrastructure activities)

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.

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

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:

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 financial product or an overall investment strategy. Clean Edge, Inc., does not make any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund.