Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)
  • 2016 Estimated Capital Gain Distributions
    Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December.  For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here.  Short-term capital gain distributions, if any, are expected to be nominal and are taxed like ordinary income.  Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above. 
Investment Objective/Strategy - The First Trust NASDAQ-100 Ex-Technology Sector Index Fund is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the NASDAQ-100 Ex-Tech Sector IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The index consists of companies in the NASDAQ-100 Index not classified as Technology according to Industry Classification Benchmark (ICB).
  • The NASDAQ-100 Index® includes 100 of the largest domestic and international non-financial companies listed on Nasdaq® based on market capitalization.
  • The index is reconstituted once a year based on the NASDAQ-100 reconstitution in December, but replacements may be made during the year if there's a replacement in the NASDAQ-100 Index.
  • The index is equally-weighted and is rebalanced four times annually in March, June, September and December.
Fund Overview
Fund TypeGrowth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
Fiscal Year-End12/31
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.63%
Net Expense Ratio*0.60%
* As of 5/20/2016
Expenses are capped contractually at 0.60% per year, at least until May 19, 2017.
Current Fund Data (as of 12/1/2016)
Closing NAV1$40.25
Closing Share Price2$40.23
Bid/Ask Midpoint$40.22
Bid/Ask Discount0.08%
Total Net Assets$106,667,203
Outstanding Shares2,650,002
Daily Volume10,186
Average 30-Day Daily Volume15,206
Closing Share Price 52-Week High/Low$42.07 / $34.98
Closing NAV 52-Week High/Low$42.07 / $34.96
Number of Holdings69
Fund Characteristics (as of 11/30/2016)9
Maximum Market Cap.$356,646
Median Market Cap.$25,740
Minimum Market Cap.$3,336
Price/Cash Flow16.19
Top Holdings (as of 12/2/2016)
Holding Percent
American Airlines Group Inc. 2.00%
CSX Corporation 1.93%
Incyte Corporation 1.93%
Netflix, Inc. 1.90%
Fastenal Company 1.86%
T-Mobile US, Inc. 1.81%
Marriott International, Inc. 1.80%
Expedia, Inc. 1.74%
PACCAR Inc 1.73%
Tractor Supply Company 1.72%

Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 10/31/2016)3

Among 1439 funds in the Large Growth category. This fund was rated 3 stars/1439 funds (3 years), 4 stars/1252 funds (5 years).
Distribution Information
Dividend per Share Amt4$0.0127
30-Day SEC Yield (as of 10/31/2016)50.25%
Unsubsidized 30-Day SEC Yield (as of 10/31/2016)60.20%
12-Month Distribution Rate (as of 10/31/2016)70.36%
Index Yield (as of 10/31/2016)80.86%
Bid/Ask Midpoint vs. NAV (as of 9/30/2016)
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended 0-49
Basis Points
Basis Points
Basis Points
Basis Points
9/30/2016 23 0 0 0
6/30/2016 12 0 0 0
3/31/2016 26 0 0 0
12/31/2015 55 1 0 0
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended 0-49
Basis Points
Basis Points
Basis Points
Basis Points
9/30/2016 41 0 0 0
6/30/2016 52 0 0 0
3/31/2016 35 0 0 0
12/31/2015 8 0 0 0

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.

Top Sector Exposure (as of 12/2/2016)
Consumer Services 48.12%
Health Care 21.88%
Industrials 14.86%
Consumer Goods 9.88%
Telecommunications 4.51%
Financials 0.75%
Month End Performance (as of 10/31/2016)
  3 Mos YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) -4.41% -4.69% -4.58% 6.42% 13.27% N/A 7.75%
After Tax Held -4.42% -4.77% -4.73% 6.16% 12.97% N/A 7.55%
After Tax Sold -2.49% -2.65% -2.59% 4.84% 10.49% N/A 6.19%
Market Price -4.31% -4.55% -4.63% 6.40% 13.25% N/A 7.75%
Index Performance **
NASDAQ-100 Ex-Tech Sector IndexSM -4.29% -4.34% -4.14% 7.03% 13.97% 9.12% 8.42%
Russell 1000® Index -1.74% 5.82% 4.26% 8.48% 13.51% 6.83% 6.35%
Quarter End Performance (as of 9/30/2016)
  3 Mos YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 4.10% -2.20% 5.91% 8.30% 15.86% N/A 8.11%
After Tax Held 4.08% -2.28% 5.74% 8.04% 15.55% N/A 7.91%
After Tax Sold 2.32% -1.25% 3.34% 6.31% 12.66% N/A 6.50%
Market Price 4.12% -2.06% 5.96% 8.20% 15.86% N/A 8.11%
Index Performance **
NASDAQ-100 Ex-Tech Sector IndexSM 4.23% -1.88% 6.44% 8.93% 16.57% 9.82% 8.78%
Russell 1000® Index 4.03% 7.92% 14.93% 10.78% 16.41% 7.40% 6.62%
3-Year Statistics (as of 10/31/2016)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
QQXT 13.50% -2.75 1.14 0.50 0.91
Russell 1000® Index 10.78% --- 1.00 0.77 1.00
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are based on the midpoint of the bid/ask spread on the stock exchange on which shares of the fund are listed for trading as of the time that the fund’s NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The fund's performance reflects fee waivers and expense reimbursements, absent which performance would have been lower.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the NASDAQ-100 Ex-Tech Sector IndexSM is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.
The gross expense ratio for this fund is 0.63%. Expenses are capped contractually at 0.60% per year, at least until May 19, 2017.

Russell 1000® Index - The Index is an unmanaged index used to measure the large-cap U.S. equity universe.

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their share price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
The Morningstar RatingTM is provided for those exchange-traded funds ("ETFs") with at least a three-year history. Ratings are based on the ETF's Morningstar Risk-Adjusted Return measure which accounts for variation in monthly performance, placing more emphasis on downward variations and rewarding consistent performance. An ETF's risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. PLEASE NOTE, this estimate is subject to change and the actual brokerage commission an investor pays may be higher or lower than this estimate. Morningstar compares each ETF's risk-adjusted return to the open-end mutual fund rating breakpoints for that category. Consistent with the open-end mutual fund ratings, the top 10% of ETFs in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The overall rating for an ETF is based on a weighted average of the time-period ratings (e.g., the ETF's 3,5, and 10 year rating). The determination of an ETF's rating does not affect the retail open end mutual fund data published by Morningstar. Past performance is no guarantee of future results.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
6 The unsubsidized 30-day SEC yield is calculated the same as the 30-day SEC yield, however it excludes contractual fee waivers and expense reimbursements.
7 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
8 Index yield represents the weighted average trailing 12-month dividend of the constituents of the NASDAQ-100 Ex-Tech Sector Index(SM).
9 All market capitalization numbers are in USD$ Millions.
10 Inception Date is 2/8/2007

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the NASDAQ-100 Ex-Tech Sector IndexSM.  Securities held by the fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from the fund by authorized participants, in very large creation/redemption units. If the fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular stock owned by the fund, fund shares or stocks in general may fall in value. There can be no assurance that the fund's investment objective will be achieved.

The fund may invest in securities issued by companies concentrated in a particular industry. The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

Nasdaq®, NASDAQ-100®, NASDAQ-100 Index®, and NASDAQ-100 Ex-Tech Sector IndexSM are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P. The fund has not been passed on by the Corporations as to their legality or suitability. The fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

©2016 Morningstar, Inc. All Rights Reserved. The Morningstar RatingTM information contained herein: (1) is proprietary to Morningstar;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2016 All rights reserved.