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 (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.
Clean Edge Smart Grid Infrastructure Index Components (Last updated September 2022)
Nasdaq OMX Clean Edge Smart Grid Infrastructure Index Semi-Annual Changes
As a result of the September 2022 evaluation and/or intraquarterly changes, the following securities were most recently added or removed from the index:
Additions: EDP-Energias de Portugal S.A. (Lisbon: EDP), Grupo Energisa S.A. (Sāo Paulo: ENGI11), Hydro One Ltd. (Toronto: H), Iberdrola S.A. (Madrid: IBE), National Instruments Corp. (NASDAQ: NATI), QUALCOMM, Inc. (NASDAQ: QCOM), Renesas Electronics Corp. (Tokyo: 6723), Texas Instruments Inc. (NASDAQ: TXN), and Verbund AG (Vienna: VER)
Deletions: Enel Américas S.A. (NYSE: ENIA), NEC Corp. (Tokyo: 6701), Osaki Electric Co., Ltd. (Tokyo: 6644), PSI Software AG (Xetra: PSAN), and Wasion Holdings Ltd. (Tokyo: 3393)
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 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.
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.
The information contained above is provided for informational and educational purposes only. Clean Edge is not an investment adviser, and none of the information, including any Nasdaq Clean Edge index, should be construed as investment advice or relied on as the basis for making any kind of investment decision. Neither Clean Edge nor any of its affiliates makes any recommendation whatsoever to buy or sell any securities, fund, or financial product or any representation about the financial condition of any company, fund, or financial product. Information regarding any Clean Edge index is not a guarantee of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results and should never be relied upon for making any kind of investment decisions. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.