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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
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 7/23/2021)
Closing NAV1$160.25
Closing Market Price2$160.17
Bid/Ask Midpoint$160.25
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$3,629,571,371
Outstanding Shares22,650,002
Daily Volume53,914
Average 30-Day Daily Volume77,227
Closing Market Price 52-Week High/Low$160.17 / $111.57
Closing NAV 52-Week High/Low$160.25 / $111.53
Number of Holdings (excluding cash)41
Top Holdings (as of 7/23/2021)*
Holding Percent
Skyworks Solutions, Inc. 2.70%
Apple Inc. 2.69%
Autodesk, Inc. 2.66%
DocuSign, Inc. 2.65%
Facebook, Inc. (Class A) 2.65%
Cadence Design Systems, Inc. 2.64%
Intuit Inc. 2.64%
Microsoft Corporation 2.64%
ASML Holding N.V. (New York Registry Shares) 2.63%
Adobe Incorporated 2.61%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 6/30/2021)4

Among 215 funds in the Technology category. This fund was rated 3 stars/215 funds (3 years), 3 stars/182 funds (5 years), 4 stars/157 funds (10 years) based on risk adjusted returns.
Fund Characteristics (as of 6/30/2021)5
Maximum Market Cap.$2,285,538
Median Market Cap.$64,222
Minimum Market Cap.$15,711
Price/Cash Flow25.20
Bid/Ask Premium/Discount (as of 7/23/2021)