First Trust NASDAQ-100-Technology Sector Index FundFirst Trust NASDAQ-100-Technology Sector Index FundFirst Trust NASDAQ-100-Technology Sector Index Fund

First Trust NASDAQ-100-Technology Sector Index Fund

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Key stats


Assets under management (AUM)
‪4.05 B‬USD
Fund flows (1Y)
‪171.92 M‬USD
Dividend yield (indicated)
0.04%
Discount/Premium to NAV
−0.5%

About First Trust NASDAQ-100-Technology Sector Index Fund


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.57%
Inception date
Apr 19, 2006
Index tracked
NASDAQ-100 Technology Sector Index
Management style
Passive
QTEC offers quirky exposure to the tech sector: it equally-weights large-cap tech stocks that are listed on Nasdaq. The fund is not a good fit for investors who want small-cap, or even just representative tech exposure. QTEC's main appeal is its equal-weighting, which drastically drops the huge market footprint of big tech names in the Nasdaq-100 Index. However, its Nasdaq focus causes it to miss some major tech giants. The net result is that QTEC tilts small and heavily overweights semiconductors at the expense of software & IT services. The index is rebalanced quarterly and reconstituted annually.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Broad-based
Strategy
Exchange-specific
Weighting scheme
Equal
Selection criteria
NASDAQ - listed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 11, 2024
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Stocks99.98%
Technology Services49.45%
Electronic Technology40.65%
Producer Manufacturing4.42%
Transportation2.82%
Retail Trade2.64%
Bonds, Cash & Other0.02%
Cash0.02%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows