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
$ 4.9 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 +
| DOORDASH, INC. CLASS A | 2.9 % |
| ROPER TECHNOLOGIES, INC. | 2.8 % |
| PALO ALTO NETWORKS INC | 2.8 % |
| FORTINET INC | 2.8 % |
| THOMSON REUTERS CORPORATION | 2.7 % |
| APPLIED MATERIALS INC | 2.6 % |
| WORKDAY INC-CLASS A | 2.6 % |
| DATADOG INC CLASS A | 2.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 2.5 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 2.5 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 220 |
| Wgt avg mkt cap (mns) | $625,922 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.5% |
| Emerging mkts. | 2.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.6 % |
 |
NETHERLANDS | 6.0 % |
 |
CANADA | 5.0 % |
 |
CHINA | 2.5 % |
 |
IRELAND | 2.3 % |
 |
BRITAIN | 1.6 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.7% | 39.3% | 25.5% | 23.8% | 12.9% | 20.4% | 15.5% | 14.4% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.5% | 0.6% | 0.5% |
| Total Returns | 29.7% | 39.3% | 25.5% | 23.9% | 13.0% | 20.8% | 16.1% | 14.9% | Ann. Volatility | 32.4% | 28.2% | 29.7% | 27.3% | 30.1% | 27.9% | 26.3% | 26.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.83 | 70% |
| MSCI EAFE | 1.15 | 41% |
| MSCI Emg Mkts | 0.94 | 65% |
Liquidity Measures
| Avg. volume (000) | 224 |
| ADV traded (mns) | $72 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $305.71 |
| Relative strength (RSI) | 50 |
| MACD/Signal | -5.52/-4.06 |
| Bollinger Bands (Upper/Lower) | $325.86/$285.89 |
| Short interest (% of AUM) | 3.4% |
Distributions
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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 | 58.1% | +1 bp | +0.9% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 50.8% | -8 bp | +0.4% |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 48.1% | -22 bp | +1.0% |
| USRD | Themes US R&D Champions ETF | 44.5% | -28 bp | +1.6% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 43.8% | -17 bp | +1.1% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 42.8% | -37 bp | +1.0% |
| XLK | Technology Select Sector SPDR | 42.0% | -49 bp | +1.0% |
| QQQ | Invesco QQQ Trust Series I | 41.9% | -37 bp | +1.0% |
| QQQM | Invesco NASDAQ 100 ETF | 41.8% | -42 bp | +1.0% |
| XNTK | State Street SPDR NYSE Technology ETF | 41.7% | -22 bp | +0.1% |
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 8/5/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
3.0%
ALTAR SCORE™
13rd
PERCENTILE
AVOID
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. QTEC's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places QTEC in the 13rd percentile
among funds in the category.
Sell-Side Consensus
$323.73
PRICE TARGET
+1.2%
UPSIDE