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


Rules-Based, Concentrated

MANAGEMENT MATRIX

XNTK

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateApr 19, 2006
Assets (mns)$4,013
Expense ratio57 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionNASDAQ - Listed
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MICRON TECHNOLOGY INC 2.9 %
BROADCOM INC. 2.7 %
CADENCE DESIGN SYS INC 2.6 %
SYNOPSYS INC 2.6 %
LAM RESEARCH CORP 2.6 %
NVIDIA CORP 2.6 %
ANSYS INC 2.6 %
APPLIED MATERIALS INC 2.6 %
META PLATFORMS INC 2.6 %
DOORDASH, INC. CLASS A 2.6 %
Constituent Breakdown
Number of holdings42
Herfindahl-Hirschman Index 247
Wgt avg mkt cap (mns)$388,020
Large cap (>$10bn)100.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 90.1 %
NETHERLANDS 5.0 %
CHINA 2.4 %
BRITAIN 2.4 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 45.5% 7.8% 6.9% 17.4% 17.5% 13.7%
Market Correlations
versus...BetaR-squared
S&P 5001.3073%
MSCI EAFE1.1351%
MSCI Emg Mkts0.9942%
Liquidity Measures
Avg. volume (000)125
Turnover0.6%
Avg. Bid/Ask (% of price)0.04%
ADV of underlying (mns)$132,638
Technical Indicators
Recent close$191.00
30d moving avg.$158.93
Annualized volatility27.2%
Relative strength (RSI)83
Short interest (ETF)0.8%
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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Risk and Returns: QTEC vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
6.4 31.5 6.0 0.6% --
Based on closing prices from 3/27/2024
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SHOWING:
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

3.4%

Cat. Avg

5.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.4%
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 882 funds in the US Equities category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.7%. QTEC's ALTAR Score™ is approximately 0.8 standard deviations below the category average. This places QTEC in the 20nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
QTEC
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

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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 4.4 61.4
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.