{
 "ticker": "FPWR",
 "name": "First Trust EIP Power Solutions ETF",
 "issuer": "First Trust",
 "desk": "themes",
 "url": "https://etfiq.com/funds/FPWR",
 "html": "https://etfiq.com/funds/FPWR",
 "markdown": "https://etfiq.com/funds/FPWR.md",
 "as_of": "2026-09-11",
 "verdict": "FPWR holds 60 stocks, and 47% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "52.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FPWR, already in the S&P 500: 52.8%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FPWR, active share vs the S&P 500: 97.2%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "40.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FPWR, top ten holdings: 40.1%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+14.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FPWR, total return, 1 year: +14.4%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$27m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "FPWR, net assets: $27m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "FPWR, expense ratio: 0.96% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Electrification and the grid",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 20, 2019",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "52.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.2%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "4.6%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "99.2%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "40.1%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "60",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "US Dollar 8.1%, Energy Transfer LP 5.3%, Enterprise Products Partners L.P. 4.9%, National Fuel Gas Company 3.7%, Duke Energy Corporation 3.4%, PPL Corporation 3.1%, Kinder Morgan, Inc. 3.0%, Cheniere Energy Partners, L.P. 2.9%, MPLX LP 2.9%, WEC Energy Group, Inc. 2.8%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$27m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22124.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.99%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "POWR 31%, IFRA 30%, ZAP 29%, RBLD 27%, TSES 26%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22121.3%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22124.6 pts",
   "Gap to Nasdaq-100": "\u22120.5 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22122.3%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221218.3 pts",
   "Gap to Nasdaq-100": "\u221223.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "+14.4%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u22123.0 pts",
   "Gap to Nasdaq-100": "\u22128.5 pts"
  },
  {
   "window": "3 years",
   "Total return": "+62.8%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "\u221215.1 pts",
   "Gap to Nasdaq-100": "\u221232.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+109.8%",
   "S&P 500": "+192.0%",
   "Gap to S&P 500": "\u221282.2 pts",
   "Gap to Nasdaq-100": "\u2212189.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of FPWR is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 53% of FPWR by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different."
  },
  {
   "q": "What does FPWR hold?",
   "a": "60 positions as published by its issuer for Sep 10, 2026, with the top ten at 40% of the fund. The largest are US Dollar at 8.1%, Energy Transfer LP at 5.3%, Enterprise Products Partners L.P. at 4.9%."
  },
  {
   "q": "Has FPWR beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 FPWR returned +14.4% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 3.0 points."
  },
  {
   "q": "What does FPWR cost?",
   "a": "The prospectus expense ratio is 0.96% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.99%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}