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
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2006 |
| Assets (mns) | $2,864 |
| Expense ratio | 57 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | NASDAQ - Listed |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PINDUODUO, INC. SPONSORED ADR CLASS A | 2.7 % |
| BROADCOM INC. | 2.7 % |
| ADOBE SYSTEMS INC | 2.7 % |
| ATLASSIAN CORP. PLC CLASS A | 2.7 % |
| ZSCALER, INC. | 2.7 % |
| APPLIED MATERIALS INC | 2.7 % |
| DATADOG INC CLASS A | 2.7 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 2.7 % |
| ZOOM VIDEO COMMUNICATIONS, INC. CLASS A | 2.7 % |
| APPLE INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 39 |
| Herfindahl-Hirschman Index | 267 |
| Wgt avg mkt cap (mns) | $341,532 |
| Large cap (>$10bn) | 95.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.1 % |
 |
NETHERLANDS | 5.4 % |
 |
CHINA | 2.7 % |
 |
BRITAIN | 2.7 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 44.8% | 27.4% | -4.5% | 7.9% | 13.9% | 18.3% | 13.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.19 | 70% |
| MSCI EAFE | 0.95 | 47% |
| MSCI Emg Mkts | 0.88 | 38% |
Liquidity Measures
| Avg. volume (000) | 246 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $65,899 |
Technical Indicators
| Recent close | $145.65 |
| 30d moving avg. | $148.05 |
| Annualized volatility | 25.4% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 2.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QTEC |
Expenses vs. QTEC |
ALTAR Score™ vs. QTEC |
|---|---|---|---|---|
| XNTK | SPDR NYSE Technology ETF | 46.6% | -22 bp | -0.8% |
| SMH | VanEck Semiconductor ETF | 46.3% | -22 bp | +0.8% |
| SOXQ | Invesco PHLX Semiconductor ETF | 45.9% | -38 bp | +1.7% |
| SOXX | iShares PHLX Semiconductor ETF | 43.1% | -22 bp | +1.7% |
| XPND | First Trust Expanded Technology ETF | 42.5% | +8 bp | +0.1% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 40.5% | +3 bp | +2.3% |
| IYW | iShares U.S. Technology ETF | 39.5% | -18 bp | +0.0% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 39.2% | -17 bp | +1.3% |
| SHOC | Strive U.S. Semiconductor ETF | 38.2% | -17 bp | +1.5% |
| IGM | iShares Expanded Tech Sector ETF | 38.2% | -16 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/20/2023
Peer Group Comparison Sample data. Subscribe for access.
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
QTEC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QTEC
4.9%
Cat. Avg
6.3%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.9% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. QTEC's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places QTEC in the 33rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QTEC
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QTEC | 57.0 | 4.1 | 61.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .