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 A based on a score of 5.85 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 60th percentile within its peer group and in the 63th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
QTEC MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
QTEC Charts And Performance
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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 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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