QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
First Trust NASDAQ-100-Technology Sector Index objective is investment results that correspond to the price and yield of the NASDAQ-100 Technology Index. The Fund invests in the technology and
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.8 B
ASSETS UNDER MGMT
57 bp
EXPENSES
Fund Basics
| Inception date | Apr 19, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICRON TECHNOLOGY INC | 3.7 % |
| WESTERN DIGITAL CORP | 3.6 % |
| APPLIED MATERIALS INC | 3.4 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 3.2 % |
| ASML HOLDING NV-NY REG SHS | 3.2 % |
| LAM RESEARCH CORP | 3.2 % |
| ANALOG DEVICES INC | 3.1 % |
| INTEL CORP | 2.9 % |
| KLA CORPORATION | 2.9 % |
| MONOLITHIC POWER SYSTEMS INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 241 |
| Wgt avg mkt cap (mns) | $546,770 |
| Large cap (>$10bn) | 98.7% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 2.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 81.7 % |
 |
NETHERLANDS | 5.6 % |
 |
CANADA | 3.4 % |
 |
IRELAND | 3.2 % |
 |
BRITAIN | 2.6 % |
 |
CHINA | 2.2 % |
 |
AUSTRALIA | 1.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.3% | 18.1% | 8.6% | 23.0% | 9.3% | 18.9% | -- | 13.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.6% | -- | 0.5% |
| Total Returns | -2.3% | 18.1% | 8.6% | 23.1% | 9.4% | 19.5% | -- | 13.6% | Ann. Volatility | 26.7% | 30.0% | 27.3% | 25.8% | 29.4% | 27.3% | -- | 26.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.44 | 85% |
| MSCI EAFE | 1.34 | 53% |
| MSCI Emg Mkts | 1.28 | 59% |
Liquidity Measures
| Avg. volume (000) | 214 |
| ADV traded (mns) | $47 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $229.73 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -2.40/-2.50 |
| Bollinger Bands (Upper/Lower) | $236.00/$219.12 |
| Short interest (% of AUM) | 3.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QTEC |
Expenses vs. QTEC |
ALTAR Score™ vs. QTEC |
|---|---|---|---|---|
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 57.7% | +1 bp | +0.2% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 54.3% | -8 bp | +0.2% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 48.9% | -17 bp | +1.4% |
| XNTK | State Street SPDR NYSE Technology ETF | 47.7% | -22 bp | -0.2% |
| SOXQ | Invesco PHLX Semiconductor ETF | 45.3% | -38 bp | -0.5% |
| SOXX | iShares Semiconductor ETF | 44.6% | -22 bp | -0.4% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 44.0% | -17 bp | -0.9% |
| SMH | VanEck Semiconductor ETF | 43.6% | -22 bp | -0.6% |
| XLK | The Technology Select Sector SPDR Fund | 41.2% | -49 bp | +0.8% |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 41.0% | -22 bp | +0.4% |
Risk and Returns: QTEC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/7/2026
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.1%
ALTAR SCORE™
23rd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,191 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.0%. QTEC's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places QTEC in the 23rd percentile
among funds in the category.
Sell-Side Consensus
$287.94
PRICE TARGET
+30.3%
UPSIDE