First Trust NASDAQ-100 Technology Sector Index Fund
ALTAR
Score™
4.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.5x P/Sales
ratio
5.7x
P/BV
ratio
6.3x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ-100-Technology Sector Index objective is investment results that correspond to the price and yield of the NASDAQ-100 Technology Index. The Fund invests in the technology and

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2006
Assets (mns) $3,166
Currency USD
Expense ratio 57 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $203,978
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 95.0%
Emerging mkts 5.0%

TOP TEN HOLDINGS
LAM RESEARCH CORP 3.3 %
APPLIED MATERIALS INC 3.3 %
KLA-TENCOR CORPORATION 3.1 %
XILINX INC 3.0 %
MICROCHIP TECHNOLOGY INC 2.9 %
QUALCOMM INC 2.9 %
MICRON TECHNOLOGY INC 2.8 %
NXP SEMICONDUCTORS NV 2.8 %
MAXIM INTEGRATED PRODUCTS 2.8 %
AUTODESK INC 2.7 %
Total 29.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.6 %
NETHERLANDS 5.4 %
CHINA 4.7 %
ISRAEL 2.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.5% 29.2% 22.9% 17.9% 13.7%

Market Correlations
versus... Beta R-squared
S&P500 1.09 85%
MSCI EAFE 1.10 72%
MSCI Emg. Mkts. 0.84 65%

Technical Indicators
Recent close $130.54
30d moving avg. $123.96
Annualized volatility 21.1%
Short interest (ETF) 0.4%
Short interest (Underlying) 4.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 183
Turnover 0.8%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $53,826

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust NASDAQ-100 Technology Sector Index Fund ETF based on the alternatives' overlap in portfolio holdings with QTEC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QTEC Expense: 57 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QTEC
Ticker Fund
Name
Overlap1
vs QTEC
(%)
Expense
ratio
(bp)
Savings
vs QTEC
(bp)
ALTAR
Score™
(%)
ALTAR
vs QTEC
(%)
SMH VanEck Vectors Semiconductor ETF 48.1 35 22 4.8 +0.3
XNTK SPDR NYSE Technology ETF 46.6 35 22 3.2 -1.4
SOXX iShares PHLX Semiconductor ETF 43.6 46 11 4.9 +0.4
JHMT John Hancock Multifactor Technology ETF 42.5 40 17 4.3 -0.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 39.5 59 -2 4.0 -0.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 39.5 35 22 4.2 -0.3
RYT Invesco S&P 500 Equal Weight Technology ETF 38.3 40 17 6.0 +1.5
IYW iShares U.S. Technology ETF 36.5 43 14 3.6 -0.9
XSD SPDR S&P Semiconductor ETF 34.1 35 22 3.5 -1.0
TDV ProShares S&P Technology Dividend Aristocrats ETF 31.7 46 11 4.4 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 31.0 60 -3 3.3 -1.2
FTXL First Trust Nasdaq Semiconductor ETF 30.9 60 -3 3.9 -0.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 30.7 60 -3 3.3 -1.2
NUSI Nationwide Risk-Managed Income ETF 30.6 68 -11 3.5 -1.0
IGM iShares Expanded Tech Sector ETF 30.4 46 11 3.5 -1.0
QQQM Invesco NASDAQ 100 ETF 30.4 15 42 3.7 -0.8
QQQ Invesco QQQ Trust 30.4 20 37 3.7 -0.9
XLK Technology Select Sector SPDR Fund 29.9 13 44 4.5 -0.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 29.1 50 7 6.2 +1.7
FTEC Fidelity MSCI Information Technology Index ETF 28.5 8 49 4.2 -0.3
VGT Vanguard Information Technology Index Fund 28.2 10 47 4.2 -0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.8 75 -18 3.9 -0.6
TECB iShares US Tech Breakthrough Multisector ETF 27.7 40 17 3.8 -0.7
AIQ Global X Future Analytics Tech ETF 27.5 68 -11 3.7 -0.8
FXL First Trust Technology AlphaDEX Fund 26.7 61 -4 3.6 -0.9
IETC iShares Evolved U.S. Technology ETF 26.3 18 39 3.6 -0.9
QTUM Defiance Quantum ETF 26.1 40 17 4.9 +0.4
IXN iShares Global Tech ETF 25.7 46 11 4.1 -0.4
SPQQ Siren Large Cap Blend Index ETF 25.1 20 37 4.4 -0.1
PSI Invesco Dynamic Semiconductors ETF 24.9 57 0 4.0 -0.5
VEGN US Vegan Climate ETF 24.9 60 -3 4.7 +0.1
GBGR Global Beta Momentum-Growth ETF 24.3 29 28 5.1 +0.5
RPG Invesco S&P 500 Pure Growth ETF 24.0 35 22 4.1 -0.4
DRIV Global X Autonomous & Electric Vehicles ETF 23.7 68 -11 4.8 +0.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 23.6 21 36 2.8 -1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 23.4 49 8 3.9 -0.7
PWB Invesco Dynamic Large Cap Growth ETF 23.2 56 1 3.2 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 22.8 15 42 5.8 +1.3
CACG ClearBridge All Cap Growth ETF 22.5 54 3 4.0 -0.5
IGV iShares Expanded Tech-Software ETF 22.0 46 11 2.2 -2.4
JKE iShares Morningstar Large-Cap Growth ETF 21.9 25 32 2.8 -1.7
WUGI Esoterica NextG Economy ETF 21.4 75 -18 1.3 -3.3
QLC FlexShares US Quality Large Cap Index Fund 21.4 32 25 4.8 +0.3
FIVG Defiance Next Gen Connectivity ETF 21.2 30 27 4.4 -0.1
NULG Nuveen ESG Large-Cap Growth ETF 20.9 35 22 3.5 -1.0
VOOG Vanguard S&P 500 Growth ETF 20.7 10 47 4.1 -0.5
SYG SPDR MFS Systematic Growth Equity ETF 20.5 60 -3 4.0 -0.5
IVW iShares S&P 500 Growth ETF 20.2 18 39 4.0 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 20.2 4 53 4.1 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 20.2 12 45 5.1 +0.5
SPHQ Invesco S&P 500 Quality ETF 20.2 15 42 4.4 -0.1
LRGE ClearBridge Large Cap Growth ESG ETF 20.0 59 -2 3.5 -1.0
RDVY First Trust Rising Dividend Achievers ETF 19.8 50 7 6.9 +2.4
MGK Vanguard Mega Cap Growth ETF 19.7 7 50 3.8 -0.7
IUSG iShares Core S&P US Growth ETF 19.7 4 53 4.1 -0.4
VUG Vanguard Growth Index Fund 19.6 4 53 3.7 -0.9
ESGV Vanguard ESG U.S. Stock ETF 19.5 12 45 4.7 +0.1
IQM Franklin Intelligent Machines ETF 19.5 50 7 1.6 -3.0
IWF iShares Russell 1000 Growth ETF 19.4 19 38 3.6 -1.0
MTUM iShares MSCI USA Momentum Factor ETF 19.4 15 42 4.0 -0.5
KOIN Innovation Shares NextGen Protocol ETF 19.4 95 -38 4.1 -0.5
IWY iShares Russell Top 200 Growth ETF 19.2 20 37 3.7 -0.8
SPMV Invesco S&P 500 Minimum Variance ETF 19.2 10 47 5.5 +1.0
PEXL Pacer US Export Leaders ETF 19.2 60 -3 5.4 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 19.1 8 49 3.7 -0.8
IDRV iShares Self-driving EV & Tech ETF 19.0 47 10 5.4 +0.9
SPMO Invesco S&P 500 Momentum ETF 18.9 13 44 3.9 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.9 60 -3 3.8 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.9 12 45 4.1 -0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 18.8 19 38 5.5 +1.0
THNQ ROBO Global Artificial Intelligence ETF 18.6 68 -11 1.5 -3.1
QUAL iShares MSCI Usa Quality Factor ETF 18.6 15 42 5.0 +0.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 18.5 70 -13 3.0 -1.5
BLCN Reality Shares Nasdaq NextGen Economy ETF 18.5 68 -11 5.1 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 18.5 27 30 4.6 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 18.5 9 48 5.2 +0.7
LRGF iShares Edge MSCI Multifactor USA ETF 18.5 20 37 6.8 +2.2
SPXV ProShares S&P 500 Ex-Health Care ETF 18.5 27 30 4.6 +0.0
SUSA iShares MSCI USA ESG Select ETF 18.2 25 32 4.4 -0.1
ESG FlexShares STOXX US ESG Impact Index Fund 18.1 32 25 4.7 +0.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 18.1 49 8 4.6 +0.1
DSI iShares MSCI KLD 400 Social ETF 18.0 25 32 4.7 +0.2
FLQL Franklin LibertyQ U.S. Equity ETF 17.9 15 42 5.8 +1.3
QGRO American Century STOXX U.S. Quality Growth ETF 17.8 29 28 3.1 -1.4
IWL iShares Russell Top 200 ETF 17.8 15 42 4.6 +0.0
PBP Invesco S&P 500 BuyWrite ETF 17.6 49 8 4.6 +0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 17.6 0 57 4.7 +0.2
EFIV SPDR S&P 500 ESG ETF 17.6 10 47 4.7 +0.2
HSPX Global X S&P 500 Covered Call ETF 17.5 60 -3 4.6 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 17.5 4 53 3.3 -1.2
IQSU IQ Candriam ESG US Equity ETF 17.5 9 48 4.7 +0.2
MGC Vanguard Mega Cap Index Fund 17.5 7 50 4.8 +0.2
SNPE Xtrackers S&P 500 ESG ETF 17.5 10 47 4.7 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 17.5 20 37 4.9 +0.4
CATH Global X S&P 500 Catholic Values Custom ETF 17.5 29 28 4.7 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 17.4 27 30 4.9 +0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 17.4 60 -3 4.6 +0.1
NXTG First Trust Indxx NextG ETF 17.3 70 -13 5.5 +1.0
SPY SPDR S&P 500 ETF Trust 17.3 9 48 4.9 +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 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 27.4 %
Divided by: Fwd. P/BV 5.4 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.