Key stats
About FIRST TRUST NASDAQ-100-TECHNOLOGY SECTOR INDEX FUND
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Inception date
Apr 19, 2006
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
QTEC offers quirky exposure to the tech sector: it equally-weights large-cap tech stocks that are listed on Nasdaq. The fund is not a good fit for investors who want small-cap, or even just representative tech exposure. QTEC's main appeal is its equal-weighting, which drastically drops the huge market footprint of big tech names in the Nasdaq-100 Index. However, its Nasdaq focus causes it to miss some major tech giants. The net result is that QTEC tilts small and heavily overweights semiconductors at the expense of software & IT services. The index is rebalanced quarterly and reconstituted annually.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
Top 10 holdings
Another New HighIsn't it overbought? Technically it is. But due to the big amount of floating liquidity of the monetary system and to the coming year end I expect eve more space on the top.
QTEC: NASDAQ 100 High-Tech In Strong Up-TrendWant growth?
QTEC-seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Technology Sector Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in common
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QTEC trades at 3,850.00 MXN today, its price has fallen −0.91% in the past 24 hours. Track more dynamics on QTEC price chart.
QTEC net asset value is 3,767.12 today — it's risen 15.26% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
QTEC assets under management is 50.45 B MXN. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
QTEC price has fallen by −2.12% over the last month, and its yearly performance shows a 21.46% increase. See more dynamics on QTEC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 15.26% over the last month, showed a −8.59% decrease in three-month performance and has increased by 22.35% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 15.26% over the last month, showed a −8.59% decrease in three-month performance and has increased by 22.35% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QTEC invests in stocks. See more details in our Analysis section.
QTEC expense ratio is 0.55%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, QTEC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, QTEC pays dividends to its holders with the dividend yield of 0.02%.
QTEC trades at a premium (0.23%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
QTEC shares are issued by AJM Ventures LLC
QTEC follows the NASDAQ-100 Technology Sector Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 19, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.