First Trust EIP Power Solutions ETF

Frequently Asked Questions About FPWR

What does FPWR invest in?

First Trust Exchange-Traded Fund IV - First Trust EIP Power Solutions ETF is an exchange traded fund launched and managed by First Trust Advisors LP. It is co-managed by Energy Income Partners LLC. The fund invests in public equity markets. The fund invests in stocks of companies operating across energy, energy equipment services, utilities, independent power and renewable electricity producer, renewable electricity, oil, gas and consumable fuels, coal, uranium ores, oil and gas refining and marketing, petroleum and petroleum products, crude petroleum and natural gas, natural gas liquids, fugitive methane mitigation and management, nuclear power life-extension and small modular reactors, exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing of hydrogen or other energy sources energy storage or carbon and carbon dioxide sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that directly promote environmental responsibility. It employs fundamental and quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the S&P 500 Index and the PHLX Utility Sector Index. The fund does not invest in stocks of companies operating across coal production, oil exploration and production, crude oil storage, transportation and delivery sectors. First Trust Exchange-Traded Fund IV - First Trust EIP Power Solutions ETF was formed on August 19, 2019 and is domiciled in the United States.

What is the expense ratio of FPWR?

First Trust EIP Power Solutions ETF (FPWR) charges an expense ratio of 0.96%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FPWR?

First Trust EIP Power Solutions ETF (FPWR) manages $27.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FPWR actively managed or an index fund?

FPWR is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FPWR's is 0.96%) because there's no security selection cost.

When was FPWR launched?

First Trust EIP Power Solutions ETF (FPWR) launched in August 2019 and is managed by First Trust.

How has FPWR performed?

FPWR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.