QQXT
First Trust Nasdaq-100 Ex-Technology Sector Index Fund
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
US
EQUITY
Rules-Based
MANAGEMENT STYLE
123.0 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 08, 2007 |
| Assets (mns) | $123 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | NASDAQ - Listed |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TESLA MOTORS INC | 2.3 % |
| BOOKING HOLDINGS INC. | 2.1 % |
| LULULEMON ATHLETICA INC | 2.1 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 2.0 % |
| BAKER HUGHES COMPANY CLASS A | 2.0 % |
| T-MOBILE US, INC. | 2.0 % |
| CHARTER COMMUNICATIONS, INC. CLASS A | 2.0 % |
| NETFLIX INC | 2.0 % |
| FASTENAL CO | 2.0 % |
| ELECTRONIC ARTS INC | 2.0 % |
Constituent Breakdown
| Number of holdings | 59 |
| Herfindahl-Hirschman Index | 178 |
| Wgt avg mkt cap (mns) | $140,753 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.6% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
BRITAIN | 4.6 % |
 |
ARGENTINA | 1.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.9% | 21.5% | 11.9% | 2.5% | 11.6% | 9.8% | 9.8% | Volatility | 10.6% | 11.4% | 14.1% | 17.7% | 20.3% | 17.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 87% |
| MSCI EAFE | 0.87 | 76% |
| MSCI Emg Mkts | 0.66 | 42% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $49,943 |
Technical Indicators
| Recent close | $94.63 |
| 30d moving avg. | $93.17 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QQXT |
Expenses vs. QQXT |
ALTAR Score™ vs. QQXT |
|---|---|---|---|---|
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 57.5% | -25 bp | -0.1% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 57.3% | -2 bp | +0.4% |
| QNXT | iShares Nasdaq-100 ex Top 30 ETF | 51.4% | -40 bp | +0.6% |
| QQQ | Invesco QQQ Trust Series I | 33.6% | -40 bp | -0.1% |
| QQQM | Invesco NASDAQ 100 ETF | 33.6% | -45 bp | 0.0% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 31.9% | -11 bp | +0.4% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 31.1% | -40 bp | +0.1% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 24.0% | -40 bp | +0.0% |
| NULG | Nuveen ESG Large-Cap Growth ETF | 23.8% | -34 bp | -0.5% |
| ONEQ | Fidelity Nasdaq Composite Index ETF | 19.5% | -39 bp | -0.8% |
Risk and Returns: QQXT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QQXT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
QQXT
4.7%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. QQXT's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places QQXT in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QQXTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QQXT (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QQXT | 60.0 | 8.7 | 68.7 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .