First Trust Nasdaq-100 Ex-Technology Sector Index Fund
ALTAR
Score™
4.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.8x P/Sales
ratio
3.1x
P/BV
ratio
4.5x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ-100 Ex-Technology Sector Index Fund seeks investment results that correspond to the price and yield of the NASDAQ-100 Ex-Tech Sector Index, which tracks securities that are no

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 08, 2007
Assets (mns) $149
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 62
Wgt avg mkt cap (mns) $108,991
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 93.3%
Emerging mkts 6.8%

TOP TEN HOLDINGS
NETEASE.COM INC-ADR 2.0 %
TESLA MOTORS INC 2.0 %
JD.COM INC-ADR 1.9 %
MERCADOLIBRE INC 1.9 %
WALGREENS BOOTS ALLIANCE INC 1.9 %
PACCAR INC 1.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 1.9 %
PELOTON INTERACTIVE, INC. CLASS A 1.9 %
GILEAD SCIENCES INC 1.9 %
ILLUMINA INC 1.8 %
Total 19.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.6 %
CHINA 7.4 %
ARGENTINA 1.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
36.8% 36.8% 14.3% 14.8% 11.2%

Market Correlations
versus... Beta R-squared
S&P500 1.02 93%
MSCI EAFE 0.97 83%
MSCI Emg. Mkts. 0.78 68%

Technical Indicators
Recent close $80.60
30d moving avg. $79.02
Annualized volatility 19.8%
Short interest (ETF) 0.5%
Short interest (Underlying) 5.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.7%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $78,404

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the First Trust Nasdaq-100 Ex-Technology Sector Index Fund ETF based on the alternatives' overlap in portfolio holdings with QQXT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QQXT Expense: 60 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QQXT
Ticker Fund
Name
Overlap1
vs QQXT
(%)
Expense
ratio
(bp)
Savings
vs QQXT
(bp)
ALTAR
Score™
(%)
ALTAR
vs QQXT
(%)
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 59.3 59 1 4.0 -0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 59.1 35 25 4.3 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 36.6 60 0 3.2 -1.3
NUSI Nationwide Risk-Managed Income ETF 36.0 68 -8 3.1 -1.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 35.8 60 0 3.1 -1.3
QQQ Invesco QQQ Trust 35.3 20 40 3.5 -1.0
QQQM Invesco NASDAQ 100 ETF 35.3 15 45 3.5 -0.9
SPQQ Siren Large Cap Blend Index ETF 28.1 20 40 4.2 -0.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 22.7 21 39 2.9 -1.6
JKE iShares Morningstar Large-Cap Growth ETF 22.2 25 35 2.2 -2.3
PWB Invesco Dynamic Large Cap Growth ETF 21.6 56 4 2.1 -2.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 21.1 40 20 6.3 +1.9
RPG Invesco S&P 500 Pure Growth ETF 20.0 35 25 2.7 -1.7
ALFA AlphaClone Alternative Alpha ETF 19.3 65 -5 -0.3 -4.7
ESGV Vanguard ESG U.S. Stock ETF 19.2 12 48 4.5 +0.0
USMV iShares Edge MSCI Min Vol USA ETF 18.9 15 45 5.3 +0.9
GVIP Goldman Sachs Hedge Industry VIP ETF 18.9 45 15 3.2 -1.2
JOET Virtus Terranova US Quality Momentum ETF 18.8 29 31 4.6 +0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 18.6 25 35 5.9 +1.4
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 18.4 69 -9 4.0 -0.4
SPLV Invesco S&P 500 Low Volatility ETF 18.3 25 35 5.6 +1.1
EQWL Invesco Russell Top 200 Equal Weight ETF 18.3 25 35 5.6 +1.2
FTCS First Trust Capital Strength ETF 18.0 58 2 5.1 +0.6
NULG Nuveen ESG Large-Cap Growth ETF 17.6 35 25 2.9 -1.5
MILN Global X Millennials Thematic ETF 17.5 50 10 1.9 -2.5
USXF iShares ESG Advanced MSCI USA ETF 17.2 10 50 4.5 +0.1
NULC Nuveen ESG Large-Cap ETF 17.2 20 40 4.2 -0.2
BBH VanEck Vectors Biotech ETF 17.1 35 25 3.9 -0.6
JHMC John Hancock Multifactor Consumer Discretionary ETF 17.1 40 20 3.5 -0.9
DEF Invesco Defensive Equity ETF 17.1 55 5 5.3 +0.8
IBB iShares NASDAQ Biotechnology ETF 17.0 46 14 0.1 -4.4
IYC iShares U.S. Consumer Services ETF 16.8 43 17 3.2 -1.3
GBLO Global Beta Low Beta ETF 16.8 29 31 7.3 +2.9
RBUS Nationwide Risk-Based U.S. Equity ETF 16.7 30 30 4.6 +0.1
FLQL Franklin LibertyQ U.S. Equity ETF 16.4 15 45 5.9 +1.5
SPMO Invesco S&P 500 Momentum ETF 16.3 13 47 3.8 -0.7
QLC FlexShares US Quality Large Cap Index Fund 16.1 32 28 4.4 -0.0
MTUM iShares MSCI USA Momentum Factor ETF 15.8 15 45 2.2 -2.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 15.7 34 26 4.3 -0.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 15.6 75 -15 2.9 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 15.6 27 33 4.4 -0.1
FBT First Trust NYSE Arca Biotechnology Index Fund 15.6 55 5 -1.4 -5.9
EQOP Natixis U.S. Equity Opportunities ETF 15.5 90 -30 3.9 -0.5
ECOZ TrueMark ESG Active Opportunities ETF 15.5 58 2 3.0 -1.5
IBUY Amplify Online Retail ETF 15.4 65 -5 -0.4 -4.9
BKLC BNY Mellon US Large Cap Core Equity ETF 15.4 0 60 4.5 +0.0
TMFC Motley Fool 100 Index ETF 15.3 50 10 3.0 -1.4
VOOG Vanguard S&P 500 Growth ETF 15.3 10 50 3.9 -0.6
BBP BioShares Biotechnology Products Fund 15.3 79 -19 -2.5 -6.9
SPXT ProShares S&P 500 Ex-Technology ETF 15.3 27 33 4.9 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 15.2 60 0 3.6 -0.9
SYG SPDR MFS Systematic Growth Equity ETF 15.1 60 0 3.4 -1.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 15.1 70 -10 4.8 +0.4
TECB iShares US Tech Breakthrough Multisector ETF 15.1 40 20 3.5 -1.0
ANEW ProShares MSCI Transformational Changes ETF 15.1 45 15 2.4 -2.0
MGC Vanguard Mega Cap Index Fund 15.0 7 53 4.6 +0.1
IWF iShares Russell 1000 Growth ETF 14.9 19 41 3.4 -1.0
BIBL Inspire ETF 14.7 35 25 4.4 -0.1
IWY iShares Russell Top 200 Growth ETF 14.7 20 40 3.6 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 14.7 4 56 3.7 -0.8
JHMH John Hancock Multifactor Healthcare ETF 14.7 40 20 5.8 +1.4
IVW iShares S&P 500 Growth ETF 14.7 18 42 3.5 -0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.6 30 30 5.2 +0.8
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 14.6 40 20 4.7 +0.2
IEIH iShares Evolved U.S. Innovative Healthcare ETF 14.6 18 42 3.6 -0.9
IWL iShares Russell Top 200 ETF 14.6 15 45 4.4 -0.1
XLV Health Care Select Sector SPDR Fund 14.5 13 47 6.9 +2.5
QUS SPDR MSCI USA StrategicFactors ETF 14.5 15 45 5.3 +0.8
MGK Vanguard Mega Cap Growth ETF 14.5 7 53 3.7 -0.8
SPGP Invesco S&P 500 GARP ETF 14.5 34 26 6.2 +1.8
VONG Vanguard Russell 1000 Growth Index Fund 14.5 8 52 3.5 -0.9
QGRO American Century STOXX U.S. Quality Growth ETF 14.4 29 31 3.7 -0.8
PBP Invesco S&P 500 BuyWrite ETF 14.4 49 11 4.3 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 14.3 27 33 4.6 +0.2
EBIZ Global X E-Commerce ETF 14.3 50 10 2.5 -2.0
VCR Vanguard Consumer Discretionary Index Fund 14.3 10 50 3.3 -1.2
VUG Vanguard Growth Index Fund 14.3 4 56 3.5 -0.9
FDMO Fidelity Momentum Factor ETF 14.3 29 31 2.4 -2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 14.3 7 53 4.5 +0.1
XNTK SPDR NYSE Technology ETF 14.3 35 25 2.7 -1.7
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 14.2 49 11 4.2 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 14.2 29 31 4.6 +0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 14.2 60 0 4.4 -0.1
IYH iShares U.S. Healthcare ETF 14.2 43 17 5.9 +1.5
IQSU IQ Candriam ESG US Equity ETF 14.2 9 51 4.5 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 14.1 2 58 4.6 +0.2
THNQ ROBO Global Artificial Intelligence ETF 14.1 68 -8 1.3 -3.2
SPY SPDR S&P 500 ETF Trust 14.1 9 51 4.7 +0.2
SCHG Schwab U.S. Large-Cap Growth ETF 14.0 4 56 3.2 -1.3
IVV iShares Core S&P 500 ETF 14.0 3 57 4.7 +0.3
SPLG SPDR Portfolio Large Cap ETF 14.0 3 57 4.7 +0.3
CLRG IQ Chaikin U.S. Large Cap ETF 14.0 25 35 5.0 +0.6
IUSG iShares Core S&P US Growth ETF 14.0 4 56 3.7 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 13.9 15 45 4.4 -0.0
VV Vanguard Large-Cap Index Fund 13.9 4 56 4.6 +0.1
PBUS Invesco PureBeta MSCI USA ETF 13.8 4 56 4.6 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 13.8 9 51 4.8 +0.4
VOO VANGUARD S&P 500 ETF 13.8 3 57 4.8 +0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Nasdaq-100 Ex-Technology Sector Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.9 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.