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First Trust NASDAQ-100-Technology Sector Index Fund (QTEC)
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.
  • 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*0.57%
Net Expense Ratio*0.57%
* As of 5/3/2021
Expenses are capped contractually at 0.60% per year, at least until April 30, 2022.
Current Fund Data (as of 1/28/2022)
Closing NAV1$148.88
Closing Market Price2$148.77
Bid/Ask Midpoint$148.83
Bid/Ask Discount0.03%
30-Day Median Bid/Ask Spread (as of 1/27/2022)30.07%
Total Net Assets$3,357,326,867
Outstanding Shares22,550,002
Daily Volume243,670
Average 30-Day Daily Volume144,253
Closing Market Price 52-Week High/Low$180.36 / $131.92
Closing NAV 52-Week High/Low$180.45 / $131.86
Number of Holdings (excluding cash)43
Top Holdings (as of 1/27/2022)*
Holding Percent
Baidu, Inc. (ADR) 2.82%
Splunk Inc. 2.74%
Cognizant Technology Solutions Corporation 2.69%
Intel Corporation 2.65%
Micron Technology, Inc. 2.65%
Texas Instruments Incorporated 2.62%
Apple Inc. 2.59%
KLA Corporation 2.58%
Microsoft Corporation 2.58%
Palo Alto Networks, Inc. 2.55%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 12/31/2021)4

Among 214 funds in the Technology category. This fund was rated 4 stars/214 funds (3 years), 3 stars/183 funds (5 years), 4 stars/155 funds (10 years) based on risk adjusted returns.
Fund Characteristics (as of 12/31/2021)5
Maximum Market Cap.$2,913,284
Median Market Cap.$65,214
Minimum Market Cap.$18,375
Price/Cash Flow26.81
Bid/Ask Premium/Discount (as of 1/28/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 145 9 --- ---
Days Traded at Discount 107 10 --- ---
Top Industry Exposure (as of 1/27/2022)
Software 38.68%
Semiconductors 31.51%
Consumer Digital Services 10.16%
Production Technology Equipment 9.73%
Computer Services 7.33%
Computer Hardware 2.59%
Hypothetical Growth of $10,000 Since Inception (as of 1/27/2022) *