QQXT: FIRST TRUST NASDAQ-100 EX-TECHNOLOGY SECTOR INDEX FUND
What this ETF is trying to do
The FIRST TRUST NASDAQ-100 EX-TECHNOLOGY SECTOR INDEX FUND (QQXT) is an ETF designed to track a specific part of the market. It focuses on companies within the Nasdaq-100 index but excludes the technology sector. This means it invests in various other industries rather than focusing on tech companies.
What the numbers show
The data shows how the share price and total value of the fund have moved over different periods. It is important to remember that price return only tracks the change in the share price, while total return includes both price changes and distributions.
• Year-to-Date (YTD): The YTD price return is approximately -1.32%, while the YTD total return is approximately -0.73%.
• One-Year: The one-year price return was approximately 0.82%, and the one-year total return was approximately 2.13%.
• Three-Year: The three-year price return was approximately 20.93%, and the three-year total return was approximately 24.94%.
• Five-Year: The five-year total return was approximately 20.53%.
An estimated price from roughly one year ago was $97.26, compared to the current price of $98.06.
Income and distribution explanation
QQXT provides cash distributions to investors. The current distribution yield is approximately 1.30%. This number describes the cash paid out relative to the ETF's price. The fund usually pays distributions on a quarterly basis, with 4 payments recorded over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, we can look at the erosion-risk score, which is 94. This is labeled as "Stable / sideways" with a "good" severity rating. There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• Rocket Lab Corp (2.16%)
• Space Exploration Technologies Corp Class A (2.07%)
• Warner Bros. Discovery Inc (2.07%)
• Intuitive Surgical Inc (2.05%)
• Honeywell Aerospace Inc (2.03%)
• Alnylam Pharmaceuticals Inc (2.01%)
• Walmart Inc (2.01%)
• Gilead Sciences Inc (2.00%)
• Lumentum Holdings Inc (1.98%)
• Tesla Inc (1.98%)
Pros
• The fund has a "good" erosion-risk rating, suggesting price stability.
• It provides a way to invest in Nasdaq-100 companies while avoiding the technology sector.
Cons
• The year-to-date price return has been negative.
• The distribution yield is relatively low compared to some high-income funds.
Beginner takeaway
QQXT is an ETF that looks at non-tech companies in the Nasdaq-100. While its share price has seen some recent small declines year-to-date, its long-term three-year and five-year total returns have been positive. It offers a modest distribution yield for those looking for some income alongside price movement.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | LUMENTUM HOLDINGS INC | LITE | 2.32% |
| 2 | ROCKET LAB CORP | RKLB | 2.27% |
| 3 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A | SPCX | 2.17% |
| 4 | WARNER BROS. DISCOVERY INC ORDINARY SHARES CLASS A | WBD | 2.12% |
| 5 | MARRIOTT INTERNATIONAL INC CLASS A | MAR | 2.06% |
| 6 | INTUITIVE SURGICAL INC | ISRG | 2.04% |
| 7 | FASTENAL CO | FAST | 2.02% |
| 8 | CISCO SYSTEMS INC | CSCO | 1.99% |
| 9 | TESLA INC | TSLA | 1.97% |
| 10 | HONEYWELL INTERNATIONAL INC | HON | 1.96% |