Symbols

QTEC

First Trust NASDAQ-100-Technology Sector Index Fund·NASDAQ

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Key Stats

Assets Under Management

2.96BUSD

Fund Flows (1Y)

-1.16BUSD

Dividend Yield

0.00%

Discount/Premium to NAV

0.05%

Shares Outstanding

12.95M

Expense Ratio

0.55%

About First Trust NASDAQ-100-Technology Sector Index Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=QTEC

Inception Date

Apr 19, 2006

Structure

Open-Ended Fund

Index Tracked

NASDAQ-100 Technology Sector Index

Management Style

Passive

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.