First Trust NASDAQ-100-Technology Sector Index Fund (QTEC)
  • 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-Technology Sector Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Nasdaq-100 Technology 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 classified as Technology according to Industry Classification Benchmark (ICB).
  • 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 is a replacement in the Nasdaq-100 Index.
  • The Index is an equal weighted index and is rebalanced four times annually in March, June, September and December.
Fund Overview
Fund TypeTechnology
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*0.56%
Net Expense Ratio*0.56%
* 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$114.25
Closing Market Price2$114.33
Bid/Ask Midpoint$114.26
Bid/Ask Premium0.01%
30-Day Median Bid/Ask Spread30.05%
Total Net Assets$1,525,229,266
Outstanding Shares13,350,002
Daily Volume70,697
Average 30-Day Daily Volume97,309
Closing Market Price 52-Week High/Low$178.75 / $98.17
Closing NAV 52-Week High/Low$178.79 / $98.00
Number of Holdings (excluding cash)41
Top Holdings (as of 12/1/2022)*
Holding Percent
ASML Holding N.V. (New York Registry Shares) 3.18%
NVIDIA Corporation 3.16%
Applied Materials, Inc. 2.93%
Microchip Technology Incorporated 2.90%
VeriSign, Inc. 2.84%
KLA Corporation 2.83%
Adobe Incorporated 2.79%
Analog Devices, Inc. 2.79%
Synopsys, Inc. 2.77%
Lam Research Corporation 2.75%

* 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 217 funds in the Technology category. This fund was rated 3 stars/217 funds (3 years), 3 stars/188 funds (5 years), 4 stars/155 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 12/3/2022)5$0.0451
30-Day SEC Yield (as of 10/31/2022)60.29%
Unsubsidized 30-Day SEC Yield (as of 10/31/2022)70.29%
12-Month Distribution Rate (as of 10/31/2022)80.09%
Index Yield (as of 10/31/2022)90.82%
Fund Characteristics (as of 11/30/2022)11
Maximum Market Cap.$2,354,879
Median Market Cap.$51,370
Minimum Market Cap.$9,450
Price/Cash Flow17.19
Bid/Ask Premium/Discount (as of 12/2/2022)