If You Invested in First Trust EIP Power Solutions ETF (ECLN)

ECLN was the ticker symbol for the First Trust EIP Carbon Impact ETF, an exchange-traded fund (ETF) in the First Trust Exchange-Traded Fund IV series. According to a First Trust Advisors L.P. ("FTA") announcement, the fund was listed on NYSE Arca under the symbol ECLN and pursued an investment strategy focused on companies identified by its investment sub-advisor, Energy Income Partners, LLC ("EIP"), as having or seeking to have a positive carbon impact.

FTA disclosed that the fund’s non-fundamental investment policy required it to invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies selected by EIP under this carbon impact approach. The fund was part of a broader lineup of investment products sponsored and advised by FTA and its affiliate First Trust Portfolios L.P. ("FTP"), which provide investment services through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separately managed accounts.

In a later corporate action, FTA announced that, effective September 5, 2025, the First Trust EIP Carbon Impact ETF changed its investment strategies, name and other related matters. As part of this change, the fund adopted the new name First Trust EIP Power Solutions ETF and began trading under the new ticker symbol FPWR. This means that ECLN now represents the historical ticker for the fund prior to this transition.

The revised non-fundamental investment policy stated that, under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of companies identified by EIP as Power Solutions Companies. FTA further explained that the fund’s principal investment strategies were updated to align with this revised philosophy and EIP’s process for selecting investments.

According to the announcement, the updated strategy includes an expansion of the universe of eligible companies to include contracted developers and/or owners of nuclear energy systems. It also emphasizes companies with a strategic connection to the generation or transmission of electric power, or to making the electric power system safer, cleaner, more reliable, or lower in cost. These changes reflect a shift from a specific focus on positive carbon impact to a broader focus on power solutions as defined by the sub-advisor.

FTA serves as the investment advisor to the fund and is described as a federally registered investment advisor. FTP, a FINRA registered broker-dealer, acts as sponsor of First Trust unit investment trusts and as a distributor of mutual fund shares and exchange-traded fund creation units. Both FTA and FTP are privately held and are based in Wheaton, Illinois, according to the same announcement.

Investors are directed by FTA to consider the fund’s investment objective, risks, charges and expenses carefully before investing and to review the prospectus, shareholder reports and other regulatory filings for detailed risk disclosures. The announcement notes that these documents describe the risks of investing in the fund and provide additional information about its strategies and structure.

The information released by FTA also clarifies that it is not intended as an investment recommendation or personalized advice, and that financial advisors are responsible for evaluating investment risks independently and exercising their own judgment with respect to their clients. The press release further states that it does not constitute an offer to sell or a solicitation to buy the securities in any jurisdiction where such activity would be unlawful.

Because the fund’s name and ticker symbol were changed to First Trust EIP Power Solutions ETF (FPWR), the ECLN symbol is best understood in a historical context. Users researching ECLN today are typically looking for background on the fund’s prior carbon impact strategy and the transition to its power solutions mandate under the FPWR ticker.