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; 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 March 2018)

Ticker Name
ABBN ABB
AEIS Advanced Energy Industries
2395 Advantech
AMSC American Superconductor Corp
ADI Analog Devices
APTV Aptiv
AZZ AZZ Incorporated
BMI Badger Meter, Inc
BDC Belden
1211 BYD
CSCO Cisco
CTRL Control4 Corporation
DGII Digi International
ETN Eaton
ENEL Enel SPA
ENS EnerSys
ESE ESCO Technologies
ENPH Enphase Energy
FTS   Fortis, Inc. 
GE General Electric
HON Honeywell International
HUBB Hubbell, Inc. 
IBM IBM
ITRI Itron, Inc.
JCI Johnson Controls International PLC
Ticker Name
LAND Landis & Gyr
MTZ MasTec, Inc. 
MYRG MYR Group, Inc.
6641 Nissin Electric
NVDA Nvidia
6701 NEC
NG.L National Grid
NGKIF NGK Insulators
NVT nVent Electric PLC
ORCL Oracle
6644 Osaki Electric
6752 Panasonic
PRY.MI Prysmian
PWR Quanta Services
REE Red Electrica
SU Schneider Electric
SIE Siemens AG
S92 SMA Solar Technologies
SEDG SolarEdge Technologies, Inc
STM STMicroelectronics – ADR
TSLA Tesla
6502 Toshiba
VMI Valmont Industries
VNE Veoneer
WCC Wesco International

Clean Edge Smart Grid Infrastructure Index Semi-Annual Changes

As a result of the September 2018 evaluation, the following securities were most recently added or removed from the Index :   

Additions: American Superconductor Corp (NASDAQ: AMSC), Landis & Gyr (SWX: LAND), nVent Electric PLC (NYSE: NVT), Nissin Electric (TYO: 6641), and Veoneer (NYSE: VNE).

Removal: Autoliv, Inc. (NYSE: ALV).

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:

  • 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 signficant portion of revenue from smart grid and grid infrastructure activities)
  • Diversified (must have activities that contibute 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.

For detailed methodology information visit here .

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:

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.