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) | $1,561 |
| Expense ratio | 56 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 +
| ATLASSIAN CORP. PLC CLASS A | 2.8 % |
| ADVANCED MICRO DEVICES | 2.8 % |
| ZSCALER, INC. | 2.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 2.8 % |
| ADOBE SYSTEMS INC | 2.8 % |
| QUALCOMM INC | 2.8 % |
| INTUIT INC | 2.8 % |
| FORTINET INC | 2.8 % |
| PALO ALTO NETWORKS INC | 2.8 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 2.8 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 277 |
| Wgt avg mkt cap (mns) | $240,230 |
| Large cap (>$10bn) | 91.8% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 88.7 % |
 |
NETHERLANDS | 5.5 % |
 |
BRITAIN | 2.8 % |
 |
CHINA | 2.8 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 14.8% | -20.1% | -8.4% | 8.9% | 9.8% | 16.8% | 12.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 83% |
| MSCI EAFE | 1.03 | 68% |
| MSCI Emg Mkts | 0.82 | 50% |
Liquidity Measures
| Avg. volume (000) | 89 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $44,045 |
Technical Indicators
| Recent close | $124.30 |
| 30d moving avg. | $122.45 |
| Annualized volatility | 25.8% |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QTEC |
Expenses vs. QTEC |
ALTAR Score™ vs. QTEC |
|---|---|---|---|---|
| XNTK | SPDR NYSE Technology ETF | 50.4% | -21 bp | -0.5% |
| SMH | VanEck Semiconductor ETF | 46.7% | -21 bp | +1.0% |
| SOXQ | Invesco PHLX Semiconductor ETF | 44.3% | -37 bp | +1.4% |
| XPND | First Trust Expanded Technology ETF | 42.5% | +9 bp | +0.2% |
| SOXX | iShares PHLX Semiconductor ETF | 41.6% | -16 bp | +1.3% |
| IYW | iShares U.S. Technology ETF | 38.8% | -17 bp | +0.1% |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 38.6% | -21 bp | 0.0% |
| SHOC | Strive U.S. Semiconductor ETF | 36.6% | -16 bp | +1.3% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 35.9% | +1 bp | -0.3% |
| ARVR | First Trust Indxx Metaverse ETF | 35.6% | +14 bp | -0.8% |
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
| 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
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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 3/17/2023
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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
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.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QTEC
5.1%
Cat. Avg
6.6%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.1% |
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 889 funds in the US Equities category, with an average ALTAR Score™
of 6.6% and a standard deviation of
3.4%. QTEC's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places QTEC in the 32nd 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
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QTEC | 56.0 | 5.2 | 61.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .