Key stats
About First Trust NASDAQ-100-Technology Sector Index Fund
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Inception date
Apr 19, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stocks99.91%
Technology Services49.25%
Electronic Technology41.36%
Transportation2.37%
Producer Manufacturing2.35%
Commercial Services2.32%
Retail Trade2.26%
Bonds, Cash & Other0.09%
Cash0.09%
Stock breakdown by region
North America90.70%
Europe9.30%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QTEC invests in stocks. The fund's major sectors are Technology Services, with 49.25% stocks, and Electronic Technology, with 41.36% of the basket. The assets are mostly located in the North America region.
QTEC top holdings are ARM Holdings PLC Sponsored ADR and Advanced Micro Devices, Inc., occupying 2.49% and 2.43% of the portfolio correspondingly.
QTEC last dividends amounted to 0.01 USD. The quarter before, the issuer paid 0.03 USD in dividends, which shows a 312.05% decrease.
QTEC assets under management is 2.71 B USD. It's risen 6.13% over the last month.
QTEC fund flows account for −1.36 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QTEC pays dividends to its holders with the dividend yield of 0.00%. The last dividend (Mar 31, 2025) amounted to 0.01 USD. The dividends are paid quarterly.
QTEC shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Apr 19, 2006, and its management style is Passive.
QTEC expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
QTEC follows the NASDAQ-100 Technology Sector Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QTEC invests in stocks.
QTEC price has risen by 7.93% over the last month, and its yearly performance shows a 8.11% increase. See more dynamics on QTEC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 10.34% over the last month, showed a 21.24% increase in three-month performance and has increased by 7.96% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 10.34% over the last month, showed a 21.24% increase in three-month performance and has increased by 7.96% in a year.
QTEC trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.