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First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)
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.
Index Description According to the Index Provider
  • 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 Corp
Fiscal Year-End12/31
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.62%
Net Expense Ratio*0.60%
* As of 5/2/2022
Expenses are capped contractually at 0.60% per year, at least through April 30, 2023. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's SAI for full details.
Current Fund Data (as of 1/25/2023)
Closing NAV1$80.97
Closing Market Price2$80.96
Bid/Ask Midpoint$81.02
Bid/Ask Premium0.06%
30-Day Median Bid/Ask Spread30.09%
Total Net Assets$149,787,610
Outstanding Shares1,850,002
Daily Volume10,340
Average 30-Day Daily Volume12,351
Closing Market Price 52-Week High/Low$83.91 / $67.84
Closing NAV 52-Week High/Low$83.83 / $68.04
Number of Holdings (excluding cash)64
Top Holdings (as of 1/25/2023)*
Holding Percent
Warner Bros. Discovery, Inc. 2.18%
MercadoLibre, Inc. 1.99%
Charter Communications, Inc. (Class A) 1.97%
Align Technology, Inc. 1.89%
Netflix, Inc. 1.88%
Booking Holdings Inc. 1.83%
Lucid Group, Inc. (Class A) 1.79%
eBay Inc. 1.77%
IDEXX Laboratories, Inc. 1.77%
Airbnb, Inc. (Class A) 1.73%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 12/31/2022)4

Among 1,131 funds in the Large Growth category. This fund was rated 5 stars/1,131 funds (3 years), 4 stars/1,054 funds (5 years), 4 stars/804 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 1/26/2023)5$0.1861
30-Day SEC Yield (as of 12/30/2022)60.75%
Unsubsidized 30-Day SEC Yield (as of 12/30/2022)70.71%
12-Month Distribution Rate (as of 12/30/2022)80.92%
Index Yield (as of 12/30/2022)91.29%
Fund Characteristics (as of 12/30/2022)11
Maximum Market Cap.$856,939
Median Market Cap.$47,960
Minimum Market Cap.$12,482
Price/Cash Flow16.52
Bid/Ask Premium/Discount (as of 1/25/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 163 16 --- ---
Days Traded at Discount 88 0 --- ---
Top Sector Exposure (as of 1/25/2023)
Consumer Discretionary 36.13%
Health Care 19.94%
Industrials 15.35%
Consumer Staples 8.73%
Telecommunications 6.75%
Utilities 5.80%
Energy 4.29%
Basic Materials 1.54%
Real Estate 1.47%