QTEC
First Trust NASDAQ-100 Technology Sector Index FundQTEC Fund Description
QTEC 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
First Trust NASDAQ-100 Technology Sector Index Fund has an MSCI ESG Fund Rating of BBB based on a score of 5.09 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. First Trust NASDAQ-100 Technology Sector Index Fund ranks in the 41st percentile within its peer group and in the 33th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
QTEC CHARTS AND PERFORMANCE
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QTEC Top 10 Countries
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QTEC Top 10 Holdings [View All]
QTEC Portfolio Data
QTEC Index Data
QTEC Portfolio Management
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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 Tradability
QTEC Sector/Industry Breakdown
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QTEC TOP 10 HOLDINGS[View All]
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QTEC Economic Development
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QTEC Performance Statistics
QTEC MSCI ESG Ratings
QTEC BENCHMARK COMPARISON SUMMARY
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QTEC BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.