First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)
  • 2022 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 capital gain distribution, please click here. 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.

  • On October 24th, 2022, the Board of Trustees of First Trust's ETFs approved a management fee breakpoint policy that will make all ETFs in the complex eligible for a reduction in the management fee charged on assets that exceed certain AUM thresholds. The goal of this policy is to offer reductions in management fees paid by shareholders of larger First Trust ETFs through a process that is transparent and understandable for all investors.
    Effective November 1st, 2022, the management fee paid by any First Trust ETF with assets exceeding $2.5 Billion will decrease, with larger and increased reductions for assets above $5 Billion, $7.5 Billion, $10 Billion and $15 Billion.

    Full details of the policy and additional breakpoint levels can be seen in each fund’s Statement of Additional Information.
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 12/2/2022)
Closing NAV1$81.59
Closing Market Price2$81.56
Bid/Ask Midpoint$81.67
Bid/Ask Premium0.10%
30-Day Median Bid/Ask Spread30.11%
Total Net Assets$142,784,463
Outstanding Shares1,750,002
Daily Volume21,383
Average 30-Day Daily Volume15,150
Closing Market Price 52-Week High/Low$88.83 / $67.84
Closing NAV 52-Week High/Low$88.87 / $68.04
Number of Holdings (excluding cash)60
Top Holdings (as of 12/1/2022)*
Holding Percent
Biogen Inc. 2.21%
Gilead Sciences, Inc. 2.05%
Intuitive Surgical, Inc. 2.03%
Moderna, Inc. 2.01%
Netflix, Inc. 2.01%
DexCom, Inc. 2.00%
Ross Stores, Inc. 2.00%
IDEXX Laboratories, Inc. 1.96%
Pinduoduo Inc. (ADR) 1.95%
PACCAR Inc 1.90%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 10/31/2022)4

Among 1,129 funds in the Large Growth category. This fund was rated 5 stars/1,129 funds (3 years), 4 stars/1,050 funds (5 years), 3 stars/784 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 12/5/2022)5$0.1435
30-Day SEC Yield (as of 10/31/2022)60.80%
Unsubsidized 30-Day SEC Yield (as of 10/31/2022)70.77%
12-Month Distribution Rate (as of 10/31/2022)80.79%
Index Yield (as of 10/31/2022)91.25%
Fund Characteristics (as of 11/30/2022)11
Maximum Market Cap.$984,868
Median Market Cap.$53,883
Minimum Market Cap.$15,362
Price/Cash Flow17.34
Bid/Ask Premium/Discount (as of 12/2/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 154 44 38 39
Days Traded at Discount 98 18 24 25
Top Sector Exposure (as of 12/1/2022)
Consumer Discretionary 32.96%
Health Care 23.56%
Industrials 16.77%
Consumer Staples 10.42%
Telecommunications 6.60%
Utilities 6.08%
Technology 1.95%
Basic Materials 1.66%
Hypothetical Growth of $10,000 Since Inception (as of 12/1/2022) *