Key stats
About First Trust NASDAQ-100-Technology Sector Index Fund
Expense ratio
0.57%
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Inception date
Apr 19, 2006
ISIN
US3373451026
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