The AI (ChatGPT) ESG Stock Investing Guide: First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)

Here is the response from ChatGPT for the prompt First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) stocks held fees AUM price history ESG rating 700 words entered on April 16, 2023.

The First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is an exchange-traded fund (ETF) that seeks to track the performance of the NASDAQ Clean Edge Green Energy Index. The fund invests in companies involved in the production, development, and distribution of clean energy technologies, including solar, wind, and other renewable sources.

As of March 31, 2023, the QCLN fund held investments in 51 different companies, with a total net asset value of over $4.6 billion. The fund's largest holdings were in companies involved in electric vehicles, such as Tesla Inc. and NIO Inc., as well as companies involved in renewable energy generation, such as Enphase Energy Inc. and Sunrun Inc.

Fee: The QCLN ETF has a net expense ratio of 0.60%, which is slightly higher than the expense ratio of some other clean energy ETFs. This fee is still relatively low compared to other actively managed funds, making the QCLN ETF a cost-effective way to invest in the clean energy sector.

AUM: The assets under management (AUM) of the QCLN ETF have grown significantly in recent years. As of April 15, 2023, the fund has total net assets of approximately $6.7 billion, making it one of the larger clean energy ETFs in the market.

Price history: The price of the QCLN ETF has been quite volatile since its inception in 2007. The fund's performance is closely tied to the performance of the clean energy sector, which is heavily influenced by government policies, technological advancements, and changes in energy demand. In the past five years, the fund has returned over 250%, reflecting the growth of the clean energy industry as a whole. However, it is important to note that past performance is not a guarantee of future results.

ESG rating: The First Trust NASDAQ Clean Edge Green Energy Index Fund has a high ESG (environmental, social, and governance) rating, which reflects its focus on companies that are environmentally responsible and socially sustainable. The fund's holdings are screened for environmental criteria such as carbon emissions, waste management, and energy efficiency, as well as social and governance criteria such as labor practices, human rights, and board diversity. As of April 15, 2023, the fund has an ESG score of 6.2 out of 10, according to data from MSCI ESG Fundamentals.

Conclusion: The First Trust NASDAQ Clean Edge Green Energy Index Fund is a popular investment option for those looking to gain exposure to the clean energy sector. With a diversified portfolio of 43 companies across various sectors, the QCLN ETF provides investors with a broad exposure to the clean energy industry. Although the fund has a slightly higher expense ratio compared to some other clean energy ETFs, it still provides a cost-effective way to invest in the sector. Moreover, with a high ESG rating, the QCLN ETF is a socially responsible investment option for investors looking to align their investments with their values. However, it is important to remember that investing always carries risk, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.

Table and Chart of QCLN Performance (From buyupside.com. Not from chatGPT.)

See what a $1,000 investment in First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is worth today.

Values are based on monthly closes adjusted for splits and dividends from Alpha Vantage.