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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
50 bp
EXPENSES
$14.6 B
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | First Trust Advisors |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Aug 13, 2012 |
Assets (mns) | $14,601 |
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 +
APPLE INC | 9.4 % |
INTL BUSINESS MACHINES CORP | 8.7 % |
MICROSOFT CORP | 8.4 % |
TEXAS INSTRUMENTS INC | 7.0 % |
ORACLE CORP | 4.8 % |
QUALCOMM INC | 3.8 % |
TAIWAN SEMICONDUCTOR-SP ADR | 3.7 % |
ANALOG DEVICES INC | 2.8 % |
BROADCOM INC. | 2.4 % |
AT&T INC | 2.1 % |
Constituent Breakdown
Number of holdings | 534 |
Herfindahl-Hirschman Index | 445 |
Wgt avg mkt cap (mns) | $746,273 |
Large cap (>$10bn) | 95.5% |
Mid cap ($2-10bn) | 4.1% |
Small cap (<$2bn) | 0.4% |
Developed mkts. | 95.3% |
Emerging mkts. | 4.7% |
Country Exposure
UNITED STATES | 82.5 % | |
CANADA | 6.0 % | |
TAIWAN | 3.9 % | |
NETHERLANDS | 1.7 % | |
SWITZERLAND | 1.5 % | |
BRITAIN | 1.1 % | |
IRELAND | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 19.0% | 31.9% | 25.6% | 12.1% | 16.7% | 13.7% | 14.8% | Volatility | 16.3% | 15.6% | 19.9% | 19.7% | 23.2% | 19.7% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.05 | 86% |
MSCI EAFE | 0.97 | 68% |
MSCI Emg Mkts | 0.79 | 47% |
Liquidity Measures
Avg. volume (000) | 107 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.05% |
ADV of underlying (mns) | $77,748 |
Technical Indicators
Recent close | $74.55 |
30d moving avg. | $77.14 |
Annualized volatility | 20.4% |
Relative strength (RSI) | 67 |
Short interest (ETF) | 0.1% |
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 | 42.5% | -5 bp | +0.1% |
IGM | iShares Expanded Tech Sector ETF | 40.9% | -9 bp | -0.8% |
XLK | Technology Select Sector SPDR Fund | 40.0% | -41 bp | -0.3% |
IYW | iShares U.S. Technology ETF | 39.6% | -10 bp | -0.7% |
VGT | Vanguard Information Technology ETF | 39.5% | -40 bp | -0.7% |
FTEC | Fidelity MSCI Information Technology Index ETF | 38.3% | -42 bp | -0.7% |
IXN | iShares Global Tech ETF | 36.3% | -9 bp | -1.0% |
RSPT | Invesco S&P 500 Equal Weight Technology ETF | 36.1% | -10 bp | +0.2% |
XPND | First Trust Expanded Technology ETF | 35.3% | +15 bp | -1.2% |
XNTK | SPDR NYSE Technology ETF | 33.9% | -15 bp | -1.3% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
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 | --% |
Based on closing prices from 7/25/2024
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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
5.4%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.4% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. TDIV's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places TDIV in the 44th 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
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
TDIV (50 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
TDIV | 50.0 | 4.5 | 54.5 |
Peer Avg. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .