First Trust NASDAQ-100 Ex-Tech
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
23.5x P/Sales
ratio
2.3x
P/BV
ratio
4.4x Div.
yield
0.9%


  • 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) $105
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) $69,918
Large cap (>$10bn) 99.2%
Mid cap ($2-10bn) 0.8%
Small cap (<$2bn) 0.0%
Developed mkts 94.7%
Emerging mkts 5.3%

TOP TEN HOLDINGS
TESLA MOTORS INC 2.0 %
JD.COM INC-ADR 1.9 %
MERCADOLIBRE INC 1.9 %
CTRIP.COM INTERNATIONAL-ADR 1.8 %
IDEXX LABORATORIES INC 1.8 %
ULTA SALON COSMETICS & FRAGR 1.8 %
COSTAR GROUP INC 1.8 %
COMCAST CORP-CL A 1.7 %
COPART INC 1.7 %
VERISK ANALYTICS INC-CLASS A 1.7 %
Total 18.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.5 %
CHINA 3.7 %
BRITAIN 3.1 %
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.
28.0% 28.0% 8.2% 13.3% 9.4%

Market Correlations
versus... Beta R-squared
S&P500 1.05 87%
MSCI EAFE 1.04 70%
MSCI Emg. Mkts. 0.72 57%

Technical Indicators
Recent close $60.04
30d moving avg. $58.60
Annualized volatility 13.7%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.0%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $28,020

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust NASDAQ-100 Ex-Tech 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™: 4.8%


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 Weight 59.5 60 0 4.9 +0.1
QQQE Direxion NASDAQ-100 Equal Weight 59.4 35 25 5.2 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 36.3 60 0 4.5 -0.3
QQQ Invesco QQQ 34.7 20 40 4.7 -0.1
JKE iShares Morningstar Large Cap Growth 22.1 25 35 3.4 -1.4
QGRO American Century STOXX U.S. Quality Growth 21.5 29 31 5.4 +0.6
IYC iShares DJ US Consumer Services 20.7 42 18 4.8 -0.0
ONEQ Fidelity NASDAQ Composite 20.3 21 39 3.5 -1.3
JHMC John Hancock Multifactor Consumer Discretionary 20.1 40 20 5.6 +0.8
NULG NuShares ESG Large-Cap Growth 17.7 35 25 3.8 -1.0
RPG Invesco S&P 500 Pure Growth ETF 17.5 35 25 4.8 -0.0
RYH Invesco S&P Equal Weight Healthcare 17.4 40 20 6.6 +1.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 17.3 75 -15 3.5 -1.3
GBUY Goldman Sachs Motif New Age Consumer 17.2 50 10 2.8 -2.1
MILN Global X Millennials Thematic 16.6 50 10 2.7 -2.1
BBH VanEck Vectors Biotech 16.1 35 25 4.4 -0.4
IBB iShares NASDAQ Biotechnology 16.1 47 13 1.0 -3.8
FBT First Trust NYSE-ARCA Biotechnology 16.1 57 3 -0.7 -5.5
IBUY Amplify Online Retail 16.0 65 -5 -0.6 -5.4
EQWL Invesco Fundamental Pure Large Core 16.0 25 35 6.0 +1.2

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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-Tech
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 20.4 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.55
 
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.