Fund · First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund · measured from SEC filings
GRID holdings
GRID reports 122 holdings and behaves like 22.8 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-06-30. The fact sheet publishes the first number; this page computes the second, and traces it across 28 quarters of filings.
Measured concentration
as of 2026-06-30Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 99.19% at a quoted market price (level 1), 22 issuer countries.
What stands out
as of 2026-06-30GRID's largest investment is Eaton Corp PLC at 8.52% of net assets. Schneider Electric SE Eur4.00 and ABB Ltd (CH) Chf0.12 (regd) follow; the three together are 24.93%. Ten companies are 58.49% of the fund; the other 112 share the rest. Among the 721 equity funds measured here, GRID behaves like 22.8 holdings against a median of 42.4 — 1.9 times more concentrated than the median. Across 28 quarterly filings GRID has held roughly steady since 2019-09-30 (20.7 then, 22.8 now). Between the 2026-03-31 and 2026-06-30 filings 2 positions were added and 1 dropped; 10.2% of the weight moved. the United States is the largest country at 26.41% of the portfolio, across 22 countries in the filing.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
28Between 2019-09-30 and 2026-06-30, GRID went from behaving like 20.7 equally weighted positions to 22.8 — 10% more, while its top ten went from 60.56% to 58.49% of net assets. Read across the funds on the concentration-over-time table.
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-06-30 | 122 | 22.8 | 58.49% | 8.54% |
| 2026-03-31 | 121 | 24.2 | 56.54% | 8.29% |
| 2025-12-31 | 115 | 23.5 | 56.74% | 8.27% |
| 2025-09-30 | 113 | 22.9 | 57.94% | 8.59% |
| 2025-06-30 | 107 | 24 | 55.72% | 8.3% |
| 2025-03-31 | 106 | 23.4 | 56.83% | 8.82% |
| 2024-12-31 | 103 | 23.8 | 56.1% | 8.18% |
| 2024-09-30 | 103 | 23.1 | 57.1% | 8.28% |
Earlier filings (20 more, back to 2019-09-30)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-06-30 | 103 | 23.5 | 55.96% | 8.4% |
| 2024-03-31 | 102 | 23.8 | 56.78% | 8.25% |
| 2023-12-31 | 102 | 23.8 | 57.21% | 8.21% |
| 2023-09-29 | 100 | 23.8 | 56.77% | 8.25% |
| 2023-06-30 | 84 | 22.1 | 58.8% | 8.52% |
| 2023-03-31 | 85 | 22.5 | 58.93% | 8.28% |
| 2022-12-30 | 83 | 21.7 | 59.51% | 8.29% |
| 2022-09-30 | 82 | 21.2 | 60.26% | 8.72% |
| 2022-06-30 | 78 | 21.6 | 60.49% | 8.08% |
| 2022-03-31 | 79 | 21.8 | 59.81% | 8.29% |
| 2021-12-31 | 72 | 20.3 | 61.83% | 8.67% |
| 2021-09-30 | 71 | 21.5 | 59.37% | 8.34% |
| 2021-06-30 | 70 | 21.1 | 60.69% | 8.13% |
| 2021-03-31 | 70 | 21 | 60.09% | 8.41% |
| 2020-12-31 | 64 | 21.6 | 59.84% | 8.23% |
| 2020-09-30 | 64 | 20.7 | 61.35% | 8.52% |
| 2020-06-30 | 58 | 20.4 | 60.64% | 8.69% |
| 2020-03-31 | 56 | 19.7 | 62.12% | 9.56% |
| 2019-12-31 | 56 | 20.5 | 60.86% | 8.11% |
| 2019-09-30 | 56 | 20.7 | 60.56% | 8.13% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
Compared with, in the essays
4Overlap with other funds
4Measured against every other fund on this site, from the same filings. Combined effective holdings is how the pair behaves held in equal size.
| With | Overlap | Shared | Combined effective |
|---|---|---|---|
| GRID vs IFRA | 4.31% | 6 | 58.5 |
| GRID vs PAVE | 2.52% | 9 | 61.9 |
| GRID vs VPU | 0.04% | 1 | 46.7 |
| GRID vs XLU | 0.04% | 1 | 42.7 |
Largest positions, as filed
as of 2026-06-30The 15 largest of 122 positions in GRID's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: GRID.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | EATON CORP PLC | 8.54% | 8.5% |
| 2 | SCHNEIDER ELECTRIC SE | 8.31% | 16.8% |
| 3 | ABB LTD (CH) | 8.13% | 25.0% |
| 4 | QUANTA SERVICES INC | 8.12% | 33.1% |
| 5 | JOHNSON CONTROLS INTERNATIONAL PLC | 8.00% | 41.1% |
| 6 | NATIONAL GRID PLC | 4.12% | 45.2% |
| 7 | E.ON SE | 3.89% | 49.1% |
| 8 | PRYSMIAN SPA | 3.88% | 53.0% |
| 9 | NVENT ELECTRIC PLC | 2.88% | 55.9% |
| 10 | HUBBELL INC | 2.61% | 58.5% |
| 11 | TESLA INC | 1.94% | 60.4% |
| 12 | NVIDIA CORP | 1.90% | 62.3% |
| 13 | TERNA - RETE ELETTRICA NAZIONALE SPA | 1.74% | 64.1% |
| 14 | CISCO SYSTEMS INC | 1.67% | 65.7% |
| 15 | HYDRO ONE LTD | 1.50% | 67.2% |
By country of issuer
as of 2026-06-30Share of GRID's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 26.01% |
| Ireland° | 19.42% |
| France | 10.47% |
| Switzerland | 9.59% |
| Germany | 6.19% |
| Italy | 5.98% |
| United Kingdom | 4.26% |
| South Korea | 3.37% |
Returns the fund reported
2019-07 – 2026-06Monthly total returns from Item B.5 of GRID's own filings, 84 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference 0.15 percentage points over 84 months, which is roughly the distributions. Every month with the filing it came from: GRID.json · all funds.
Who borrows GRID's shares
2026-06-30The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-06-30, $62m was out to 3 borrowers, 0.51% of net assets. The largest, Jefferies LLC, held 79.3% of it.
| Borrower | On loan | Share of the loan |
|---|---|---|
| Jefferies LLC | $49m | 79.3% |
| BNP PARIBAS SECURITIES CORP | $13m | 20.5% |
| Merrill Lynch International | $171,390 | 0.3% |
Cash collateral reported against the loan: 0.55% of net assets, 106.9% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter GRID has filed, with each borrower: GRID.json · all funds.
Since the previous filing
2026-03-31 → 2026-06-30121 positions became 122: 2 added (0.5% of the fund at the later date), 1 dropped (0.7% at the earlier date). Half the sum of all weight changes, a turnover proxy: 10.2%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of GRID compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-03-31 | 2026-06-30 | Largest decreases | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| QUANTA SERVICES INC | 4.25% | 8.12% | NATIONAL GRID PLC | 7.87% | 4.12% |
| SCHNEIDER ELECTRIC SE | 7.27% | 8.31% | FUJIKURA LTD | 1.41% | 0.28% |
| NVENT ELECTRIC PLC | 2.10% | 2.88% | PRYSMIAN SPA | 4.25% | 3.88% |
| ABB LTD (CH) | 7.59% | 8.13% | EQUATORIAL SA | 1.32% | 0.97% |
| CISCO SYSTEMS INC | 1.33% | 1.67% | APTIV PLC | 1.64% | 1.30% |
| MYR GROUP INC | 0.46% | 0.76% | SAP SE | 0.96% | 0.69% |
New: HONEYWELL INTERNATIONAL INC (0.27%), HONEYWELL AEROSPACE INC (0.27%). Gone: Honeywell International Inc. (0.67%).
Asset categories and pricing
as of 2026-06-30| Asset category (as filed) | Share of investments |
|---|---|
| equity EC | 99.24% |
| repurchase agreement RA | 0.54% |
| preferred equity EP | 0.18% |
| short-term investment STIV | 0.03% |
99.2% of GRID is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of GRID (22.8). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| SPYG State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF | 150 | 22.1 | 56.4% | 2026-06-30 |
| NETZ TCW Transform Systems ETF | 31 | 22.5 | 53.8% | 2026-07-31 |
| HLAL Wahed FTSE USA Shariah ETF | 207 | 22.5 | 55.72% | 2026-05-31 |
| WINN Harbor Long-Term Growers ETF | 74 | 22.6 | 57.94% | 2026-07-31 |
| IETC iShares U.S. Tech Independence Focused ETF | 103 | 22.7 | 53.04% | 2026-07-31 |
| IYC iShares U.S. Consumer Discretionary ETF | 158 | 22.9 | 49.95% | 2026-07-31 |
| VHT Vanguard Health Care Index Fund | 403 | 23 | 51.95% | 2026-05-31 |
| TUR iShares MSCI Turkey ETF | 74 | 23.2 | 53.86% | 2026-05-31 |
| SCHG Schwab U.S. Large-Cap Growth ETF | 196 | 23.3 | 57.21% | 2026-05-31 |
| ONEQ Fidelity Nasdaq Composite Index ETF | 1,024 | 23.3 | 57.6% | 2026-05-31 |
Measures applied in the essays
7Essays that examine GRID
5-
Common Mistakes in Infrastructure Investing and How to Avoid Them
"Infrastructure" is not one asset class. XLU (regulated utilities), PAVE (industrial buildout), and GRID (smart-grid equipment) have different factor...
-
The Impact of 2026 Energy Policies on Your Long-Term Portfolio
Five thematic ways to express a 2026 energy-policy view — PAVE, GRID, NLR, XLU, VXUS — have produced very different 5-year returns, but the risk-adjusted...
-
Data Center REITs vs. Infrastructure ETFs: Which One for Consistent Cash Flow?
The "REITs for income, ETFs for growth" framing collapses on contact with five-year data: SRVR yields 2.6% but delivered just 0.3% annualized total return...
-
Grid Modernization and the GRID ETF: A Calibrated Look at Smart-Grid Equipment vs. Utilities
GRID and XLU are often grouped as "electricity plays," but they own structurally different businesses: GRID holds the equipment makers (transformers,...
-
Infrastructure ETFs in 2026: What XLU, VPU, IFRA, PAVE, and GRID Actually Own
The "infrastructure" label hides three different factor bets: regulated utilities (XLU, VPU), broad cyclical infrastructure (IFRA), and concentrated...
Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.