(QTEC) First Trust - Ratings and Ratios

The First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is a straightforward ETF designed to track the performance of the Nasdaq-100 Technology Sector Index. This fund typically invests at least 90% of its net assets in the securities that make up the index, ensuring tight tracking and minimal deviations from its target benchmark. The index itself is an equal-weighted portfolio of companies listed on the Nasdaq-100 Index® that are classified under the technology sector according to the Industry Classification Benchmark (ICB) system. This equal-weighting approach means that each company in the index has a similar influence on performance, regardless of market capitalization.

As an ETF, QTEC offers the transparency and tradability of an individual stock, combined with the diversification benefits of a fund. With an AUM of over $3.9 billion, it is a substantial player in the technology-focused ETF space. The fund is domiciled in the United States and listed on the NASDAQ exchange, making it easily accessible to U.S. investors. Its expense ratio is competitive for a technology sector ETF, though specific figures should be verified for the most current information.

Investors in QTEC gain exposure to a broad range of technology companies within the Nasdaq-100 universe, including household names and emerging players. The funds focus on the technology sector makes it a targeted investment tool for those looking to capitalize on the growth and innovation within this space. However, as with any sector-specific ETF, it comes with higher volatility and concentration risk compared to a diversified equity fund.