QTEC
First Trust NASDAQ-100 Technology Sector Index Fund

Price: $165.11
Change: $2.02 (0.01%)
Last Updated:

Vitals

Issuer First Trust
Brand First Trust
Structure ETF
Expense Ratio 0.57%
ETF Home Page Home page
Inception Apr 19, 2006

Analyst Report

This ETF offers exposure to the U.S. tech sector, making it one of many options available to investors seeking to access an industry that is capable of remarkable rallies and steep declines over short periods of time. Given the sector-specific focus, QTEC is probably too granular for those building a long-term, buy-and-hold portfolio, but can be useful for investors putting on a tactical tilt or looking to beef up tech sector exposure. However, its narrow focus and relatively high expense ratio means that it should be avoided by most investors. QTEC holds just 40 securities in total and while it does a decent job of dividing up assets among these firms— the top ten make up just one-fourth of total assets— this amount of securities is too small to offer real diversification in the tech sector. Furthermore, with an expense ratio of 60 basis points, the product is about 12 basis points more expensive than others in the category which offer more diversification such as IXN or IYW. For these reasons, investors should avoid QTEC at all costs; its gimmicky structure of holdings only Nasdaq-100 companies that are in the tech sector is rather arbitrary and will not help investors accomplish any objectives effectively.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Growth
Sector (General) Technology
Sector (Specific) Broad
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Equity: U.S. Information Technology
  • Category Sector
  • Focus Information Technology
  • Niche Broad-based
  • Strategy Exchange-specific
  • Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $114.83
  • 52 Week Hi $169.43
  • AUM $3,763.5 M
  • Shares 23.2 M

Historical Trading Data

  • 1 Month Avg. Volume 76,664
  • 3 Month Avg. Volume 69,264

Alternative ETFs in the ETF Database Technology Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FTEC 0.08% $6.4 B 245,198 20.41%
Largest (AUM) VGT 0.10% $51.2 B 596,974 20.44%
Most Liquid (Volume) XLK 0.12% $45.1 B 9 M 21.62%
Top YTD Performer VCLO 0.95% $10.8 M 19,721 52.99%

Alternative ETFs in the FactSet Equity: U.S. Information Technology Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FTEC 0.08% $6.4 B 245,198 20.41%
Largest (AUM) VGT 0.10% $51.2 B 596,974 20.44%
Most Liquid (Volume) XLK 0.12% $45.1 B 9 M 21.62%
Top YTD Performer IYW 0.43% $8.9 B 494,602 26.17%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

QTEC ETF Database Category Average FactSet Segment Average
Number of Holdings 42 86 116
% of Assets in Top 10 26.64% 44.23% 40.32%
% of Assets in Top 15 39.47% 56.83% 50.52%
% of Assets in Top 50 99.99% 90.33% 86.35%

Size Comparison

QTEC ETF Database Category Average FactSet Segment Average
Large (>12.9B) 100.00% 63.97% 71.67%
Mid (>2.7B) 0.00% 21.85% 16.20%
Small (>600M) 0.00% 7.44% 5.72%
Micro (<600M) 0.00% 1.82% 0.86%

QTEC Valuation

This section compares the P/E ratio of this ETF to its peers.

QTEC
P/E Ratio
33.19
ETF Database Category Average
P/E Ratio
27.02
FactSet Segment Average
P/E Ratio
32.87

QTEC Dividend

This section compares the dividend yield of this ETF to its peers.

QTEC ETF Database Category Average FactSet Segment Average
Dividend $ 0.01 $ 0.14 $ 0.16
Dividend Date 2021-06-24 N/A N/A
Annual Dividend Rate $ 0.13 $ 0.36 $ 0.54
Annual Dividend Yield 0.08% 0.33% 0.34%

QTEC Price and Volume Chart

QTEC Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -8.85 M 3 Month Net Flows: 88.5 M 6 Month Net Flows: 15.24 M 1 Year Net Flows: -183.93 M 3 Year Net Flows: -709.59 M 5 Year Net Flows: 598.41 M 10 Year Net Flows: 682.47 M

QTEC Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for QTEC on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Technology Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

QTEC Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

QTEC
Expense Ratio
0.57%
ETF Database Category Average
Expense Ratio
0.54%
FactSet Segment Average
Expense Ratio
0.44%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
7.25/10
ESG Score
73.13%
Global Percentile
83.06%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      3.79%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      32.62
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      3.79%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

QTEC Performance

This section shows how this ETF has performed relative to its peers.

QTEC ETF Database
Category Average
Factset Segment
Average
1 Month Return 1.45% 3.62% 2.90%
3 Month Return 7.82% 9.01% 7.54%
YTD Return 19.60% 14.88% 16.84%
1 Year Return 33.31% 27.55% 30.78%
3 Year Return 124.21% 71.40% 96.75%
5 Year Return 243.35% 115.44% 177.76%

Geographic Exposure

The following charts reflect the geographic spread of QTEC's underlying holdings.

Region Percentage
North, Central and South America 99.87%
Other 0.12%
Country Percentage
United States 87.44%
Netherlands 4.65%
Israel 2.62%
Australia 2.58%
China 2.58%
Other 0.12%

Holdings Analysis

The following charts reflect the allocation of QTEC's underlying holdings.

Sector Percentage
Technology Services 55.39%
Electronic Technology 39.75%
Producer Manufacturing 4.73%
CASH 0.12%
Market Cap Percentage
Large 100.0%
Mid 0.0%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 94.95%
American Depositary Receipt 4.92%
CASH 0.12%
Sector Percentage
Technology Services 55.39%
Electronic Technology 39.75%
Producer Manufacturing 4.73%
CASH 0.12%

QTEC Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
58.52%
Rank
40 of 61

20 Day Volatility
22.53%
Rank
32 of 61

50 Day Volatility
17.89%
Rank
36 of 61

200 Day Volatility
16.46%
Rank
29 of 58

Beta
1.06
Rank
35 of 58

Standard Deviation
12.80%
Rank
12 of 49

Technicals

  • 20 Day MA $160.43
  • 60 Day MA $163.06
  • MACD 15 Period 6.36
  • MACD 100 Period 5.75
  • Williams % Range 10 Day 1.39
  • Williams % Range 20 Day 15.52
  • RSI 10 Day 64
  • RSI 20 Day 56
  • RSI 30 Day 55
  • Ultimate Oscillator 56

Bollinger Bands

  • Lower Bollinger (10 Day) $153.93
  • Upper Bollinger (10 Day) $164.74
  • Lower Bollinger (20 Day) $153.37
  • Upper Bollinger (20 Day) $167.54
  • Lower Bollinger (30 Day) $154.03
  • Upper Bollinger (30 Day) $171.18

Support & Resistance

  • Support Level 1 $163.13
  • Support Level 2 $161.14
  • Resistance Level 1 $166.18
  • Resistance Level 2 $167.24

Stochastic

  • Stochastic Oscillator %D (1 Day) 73.21
  • Stochastic Oscillator %D (5 Day) 83.64
  • Stochastic Oscillator %K (1 Day) 55.69
  • Stochastic Oscillator %K (5 Day) 68.53

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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