First Trust Nasdaq-100 Ex-Technology Sector Index Fund
ALTAR
Score™
3.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
48.6x P/Sales
ratio
2.7x
P/BV
ratio
4.4x Div.
yield
0.8%


  • 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 14, 2007
Assets (mns) $109
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 63
Wgt avg mkt cap (mns) $75,135
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 94.3%
Emerging mkts 5.7%

TOP TEN HOLDINGS
MERCADOLIBRE INC 2.2 %
LULULEMON ATHLETICA INC 2.0 %
PAYPAL HOLDINGS INC 1.9 %
JD.COM INC-ADR 1.9 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 1.9 %
DOLLAR TREE INC 1.9 %
REGENERON PHARMACEUTICALS 1.8 %
EBAY INC 1.8 %
MONSTER BEVERAGE CORPORATION 1.8 %
ILLUMINA INC 1.8 %
Total 18.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.5 %
CHINA 3.5 %
ARGENTINA 2.2 %
BRITAIN 1.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.0% 20.9% 8.1% 13.6% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.00 90%
MSCI EAFE 1.00 77%
MSCI Emg. Mkts. 0.75 65%

Technical Indicators
Recent close $62.08
30d moving avg. $57.71
Annualized volatility 17.9%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.6%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $68,976

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 3.5%


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 60.4 60 0 4.1 +0.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 60.4 35 25 4.3 +0.8
QYLD Global X NASDAQ 100 Covered Call ETF 36.2 60 0 3.7 +0.2
NUSI Nationwide Risk-Managed Income ETF 35.1 68 -8 3.7 +0.1
QQQ Invesco QQQ Trust 34.4 20 40 4.1 +0.6
FTCS First Trust Capital Strength ETF 26.4 60 0 4.9 +1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 24.5 21 39 3.2 -0.3
JKE iShares Morningstar Large-Cap Growth ETF 22.3 25 35 3.5 -0.0
RPG Invesco S&P 500 Pure Growth ETF 20.1 35 25 4.4 +0.9
IYC iShares U.S. Consumer Services ETF 19.7 42 18 4.1 +0.6
JHMC John Hancock Multifactor Consumer Discretionary ETF 19.6 40 20 4.4 +0.8
RYH Invesco S&P 500 Equal Weight Health Care ETF 19.3 40 20 6.3 +2.8
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 18.6 60 0 6.2 +2.6
GVIP Goldman Sachs Hedge Industry VIP ETF 18.6 45 15 5.0 +1.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 18.4 15 45 4.8 +1.3
MILN Global X Millennials Thematic ETF 17.9 50 10 2.6 -0.9
PWB Invesco Dynamic Large Cap Growth ETF 17.6 55 5 3.5 0.0
FXH First Trust Health Care AlphaDEX Fund 17.5 62 -2 4.4 +0.9
QGRO American Century STOXX U.S. Quality Growth ETF 17.4 29 31 3.1 -0.4
NULG Nuveen ESG Large-Cap Growth ETF 17.3 35 25 3.4 -0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 17.2 25 35 5.9 +2.4
FDMO Fidelity Momentum Factor ETF 17.2 29 31 4.0 +0.5
GBUY Goldman Sachs Motif New Age Consumer ETF 17.0 50 10 2.1 -1.4
TTAC TrimTabs Float Shrink ETF 16.8 59 1 3.6 +0.1
BBH VanEck Vectors Biotech ETF 16.7 35 25 3.7 +0.2
IBB iShares NASDAQ Biotechnology ETF 16.7 47 13 0.4 -3.1
FBT First Trust NYSE Arca Biotechnology Index Fund 16.7 57 3 -1.0 -4.5
VOT Vanguard Mid-Cap Growth Index Fund 16.3 7 53 3.6 +0.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 16.3 75 -15 3.7 +0.2
JKH iShares Morningstar Mid-Cap Growth ETF 16.2 30 30 2.5 -1.1
FMK First Trust Mega Cap AlphaDEX Fund 16.1 70 -10 5.2 +1.7
ECOZ TrueMark ESG Active Opportunities ETF 15.9 58 2 4.5 +0.9
SPLV Invesco S&P 500 Low Volatility ETF 15.9 25 35 5.7 +2.1
FTC First Trust Large Cap Growth AlphaDEX Fund 15.9 61 -1 3.0 -0.5
VUG Vanguard Growth Index Fund 15.8 4 56 4.2 +0.7
IBUY Amplify Online Retail ETF 15.7 65 -5 -1.5 -5.1
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 15.7 40 20 7.0 +3.5
MGK Vanguard Mega Cap Growth ETF 15.7 7 53 4.3 +0.8
FLQL Franklin LibertyQ U.S. Equity ETF 15.6 15 45 6.2 +2.7
EQWL Invesco Russell Top 200 Equal Weight ETF 15.5 25 35 5.9 +2.4
TMFC Motley Fool 100 Index ETF 15.5 50 10 4.0 +0.4
PNQI Invesco NASDAQ Internet ETF 15.4 62 -2 1.2 -2.3
SHE SPDR SSGA Gender Diversity Index ETF 15.3 20 40 5.4 +1.9
IWF iShares Russell 1000 Growth ETF 15.1 19 41 4.3 +0.8
SYG SPDR MFS Systematic Growth Equity ETF 15.1 60 0 4.6 +1.1
VONG Vanguard Russell 1000 Growth Index Fund 15.1 8 52 4.4 +0.9
IEDI iShares Evolved U.S. Discretionary Spending ETF 15.1 18 42 3.8 +0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 15.0 30 30 5.1 +1.6
IWY iShares Russell Top 200 Growth ETF 14.9 20 40 4.3 +0.8
XBI SPDR S&P BIOTECH ETF 14.9 35 25 -3.9 -7.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 14.9 75 -15 2.2 -1.3
GENY Principal Millennials Index ETF 14.7 45 15 4.0 +0.5
IEIH iShares Evolved U.S. Innovative Healthcare ETF 14.7 18 42 4.0 +0.5
MXDU Nationwide Maximum Diversification US Core Equity ETF 14.6 34 26 5.2 +1.7
IEME iShares Evolved U.S. Media & Entertainment ETF 14.5 18 42 7.3 +3.8
SCHG Schwab U.S. Large-Cap Growth ETF 14.3 4 56 4.3 +0.8
JHMH John Hancock Multifactor Healthcare ETF 14.2 40 20 6.0 +2.5
VCR Vanguard Consumer Discretionary Index Fund 14.2 10 50 3.8 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 14.1 27 33 5.6 +2.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 14.1 70 -10 4.8 +1.3
JQUA JPMorgan U.S. Quality Factor ETF 14.1 12 48 5.2 +1.7
SPHQ Invesco S&P 500 Quality ETF 14.0 15 45 5.1 +1.6
JHCS John Hancock Multifactor Media & Communications ETF 14.0 40 20 5.6 +2.1
QSY WisdomTree U.S. LargeCap Value Fund 14.0 38 22 6.6 +3.0
IYH iShares U.S. Healthcare ETF 14.0 43 17 6.1 +2.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 13.9 8 52 3.7 +0.2
GURU Global X Guru Index ETF 13.9 75 -15 4.0 +0.5
EBIZ Global X E-Commerce ETF 13.9 50 10 3.0 -0.5
CLRG IQ Chaikin U.S. Large Cap ETF 13.9 25 35 6.0 +2.5
TTTN UP Fintech China-U.S. Internet Titans ETF 13.8 59 1 5.0 +1.5
AUSF Global X Adaptive U.S. Factor ETF 13.8 27 33 7.8 +4.3
FQAL Fidelity Quality Factor ETF 13.8 29 31 5.4 +1.9
XLV Health Care Select Sector SPDR Fund 13.7 13 47 7.0 +3.5
IWP iShares Russell Mid-Cap Growth ETF 13.7 24 36 4.2 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 13.7 27 33 5.1 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.7 60 0 4.6 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 13.6 9 51 5.6 +2.1
CATH Global X S&P 500 Catholic Values Custom ETF 13.5 29 31 5.3 +1.8
FXD First Trust Consumer Discretionary AlphaDEX Fund 13.4 64 -4 7.9 +4.4
BIBL Inspire ETF 13.4 35 25 4.7 +1.2
NULC Nuveen ESG Large-Cap ETF 13.3 20 40 5.2 +1.7
LNGR Global X Longevity Thematic ETF 13.3 50 10 3.0 -0.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 13.3 29 31 4.3 +0.8
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 13.3 40 20 7.6 +4.1
SPYG SPDR Portfolio S&P 500 Growth ETF 13.3 4 56 4.5 +1.0
XRT SPDR S&P Retail ETF 13.2 35 25 6.5 +2.9
IVW iShares S&P 500 Growth ETF 13.2 18 42 4.3 +0.8
SFY SoFi Select 500 ETF 13.2 0 60 5.3 +1.8
DEF Invesco Defensive Equity ETF 13.2 55 5 5.1 +1.5
FHLC Fidelity MSCI Health Care Index ETF 13.2 8 52 5.6 +2.1
XLC The Communication Services Select Sector SPDR Fund 13.1 13 47 6.0 +2.5
VHT Vanguard Health Care Index Fund 13.1 10 50 5.5 +1.9
VOOG Vanguard S&P 500 Growth ETF 13.0 10 50 4.4 +0.9
FCOM Fidelity MSCI Telecommunication Services Index ETF 13.0 8 52 5.1 +1.6
MGC Vanguard Mega Cap Index Fund 13.0 7 53 5.3 +1.8
PBP Invesco S&P 500 BuyWrite ETF 13.0 49 11 5.1 +1.6
JOYY Infusive Compounding Global Equities ETF 12.9 50 10 3.9 +0.4
QUAL iShares MSCI Usa Quality Factor ETF 12.9 15 45 5.4 +1.9
ESGV Vanguard ESG U.S. Stock ETF 12.9 12 48 5.3 +1.8
FLLV Franklin Liberty U.S. Low Volatility ETF 12.8 29 31 5.6 +2.1

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.8 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.53
 
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.