TDIV
First Trust NASDAQ Technology Dividend Index Fund
First Trust NASDAQ Technology Dividend Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective is invesment results that correspond to the price and yield of the NASDAQ Technology Dividend Index.
Fund Basics
| Fund sponsor | First Trust Advisors |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 13, 2012 |
| Assets (mns) | $1,924 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSOFT CORP | 8.3 % |
| INTL BUSINESS MACHINES CORP | 8.2 % |
| TEXAS INSTRUMENTS INC | 8.1 % |
| BROADCOM INC. | 7.7 % |
| ORACLE CORP | 7.1 % |
| QUALCOMM INC | 4.2 % |
| ANALOG DEVICES INC | 3.4 % |
| MOTOROLA SOLUTIONS | 2.1 % |
| NXP SEMICONDUCTORS NV | 2.1 % |
| COMCAST CORP-CL A | 2.0 % |
Constituent Breakdown
| Number of holdings | 85 |
| Herfindahl-Hirschman Index | 414 |
| Wgt avg mkt cap (mns) | $308,153 |
| Large cap (>$10bn) | 93.6% |
| Mid cap ($2-10bn) | 5.9% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 98.3% |
| Emerging mkts. | 1.7% |
Country Exposure
 |
UNITED STATES | 83.1 % |
 |
CANADA | 6.5 % |
 |
NETHERLANDS | 3.1 % |
 |
SWITZERLAND | 1.8 % |
 |
BRITAIN | 1.6 % |
 |
IRELAND | 1.2 % |
 |
MEXICO | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 18.8% | 31.1% | 1.8% | 10.9% | 10.3% | 12.2% | 12.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 85% |
| MSCI EAFE | 0.93 | 72% |
| MSCI Emg Mkts | 0.76 | 45% |
Liquidity Measures
| Avg. volume (000) | 95 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $23,274 |
Technical Indicators
| Recent close | $56.07 |
| 30d moving avg. | $57.94 |
| Annualized volatility | 20.2% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.5% |
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. TDIV |
Expenses vs. TDIV |
ALTAR Score™ vs. TDIV |
|---|---|---|---|---|
| TDV | ProShares S&P Technology Dividend Aristocrats ETF | 38.9% | -4 bp | -0.2% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 37.5% | -10 bp | -0.4% |
| SOXQ | Invesco PHLX Semiconductor ETF | 35.4% | -31 bp | -0.5% |
| XLK | Technology Select Sector SPDR Fund | 34.8% | -40 bp | -1.2% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 34.6% | +10 bp | +0.7% |
| SOXX | iShares PHLX Semiconductor ETF | 33.7% | -15 bp | -0.4% |
| SHOC | Strive U.S. Semiconductor ETF | 32.7% | -10 bp | -0.3% |
| IGM | iShares Expanded Tech Sector ETF | 32.1% | -9 bp | -1.8% |
| SMH | VanEck Semiconductor ETF | 30.6% | -15 bp | -1.6% |
| IETC | iShares Evolved U.S. Technology ETF | 30.4% | -32 bp | -1.8% |
Risk and Returns: TDIV 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 10/2/2023
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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
TDIV
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™
TDIV
6.7%
Cat. Avg
6.5%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.7% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 905 funds in the US Equities category, with an average ALTAR Score™
of 6.5% and a standard deviation of
3.1%. TDIV's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places TDIV in the 53rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
TDIV
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) |
|
|---|---|---|---|
| TDIV | 50.0 | 4.7 | 54.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .