QTECFirst Trust NASDAQ-100 Technology Sector Index Fund
QTEC Fund Description
The First Trust NASDAQ-100 Technology Sector ETF tracks an equal-weighted index of the largest NASDAQ-listed U.S. technology stocks.
QTEC Factset Analytics Insight
QTEC offers quirky exposure to the tech sector: It equally-weights large-cap tech stocks that happen to be listed on NASDAQ. Investors who want small-cap, or even just representative tech exposure, should look elsewhere. QTEC's main appeal is its equal weighting, which drastically drops Apple's huge market footprint. However, its NASDAQ focus causes it to miss some major tech giants like IBM altogether. The net result is that QTEC tilts small compared to our benchmark, and heavily overweights semiconductors at the expense of software & IT services. Investors are interested in spite of these oddities. The fund trades heavily each day and spreads are generally small, while underlying liquidity is excellent. QTEC's Efficiency is a mixed bag: a huge asset base means the fund is quite stable, but its price is high and its weak tracking significantly raises realized holding costs.
QTEC MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 20, 2018 the First Trust NASDAQ-100 Technology Sector Index Fund MSCI ESG Fund Quality Score is 5.79 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. QTEC ranks in the 61st percentile within its peer group and in the 62nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
QTEC CHARTS AND PERFORMANCE
QTEC Top 10 Countries
QTEC Top 10 Sectors
QTEC Top 10 Holdings [View All]
QTEC Summary Data
QTEC Portfolio Data
QTEC Index Data
QTEC Portfolio Management
QTEC Tax Exposures
QTEC Fund Structure
QTEC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of QTEC. QTEC is rated a 5 out of 5.
QTEC Sector/Industry Breakdown
QTEC TOP 10 HOLDINGS[View All]
QTEC Economic Development
QTEC Performance Statistics
QTEC MSCI ESG Ratings
QTEC BENCHMARK COMPARISON SUMMARY
QTEC BENCHMARK COMPARISON MARKET CAP SIZE