The First Trust ISE Water Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the ISE Water Index.
* Exchange Traded Notes (ETNs) are debt instruments issued by a financial institution. We do not currently publish 'Holdings' and holdings related exposure analysis, since an ETN does not represent an ownership stake in the underlying securities in the benchmark that it intends to track. Investors should also note that these debt obligations are usually unsecured, which means that the investor in the ETN is taking on the credit risk of the issuing entity.