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)
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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 | 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.
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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 9/20/2023
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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
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 | |
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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 | 57.0 | 4.1 | 61.1 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .