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Morningstar

First Trust NASDAQ-100 ex-Tech Sect ETF QQXT

Morningstar Analyst Rating
Quantitative rating as of | See First Trust Investment Hub

Morningstar’s Analysis QQXT

Will QQXT outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QQXT’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the QQXT management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of QQXT’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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First Trust NASDAQ-100 ex-Tech Sect ETF’s management team is just average, but a solid investment process still helps this strategy retain its Morningstar Quantitative Rating of Bronze. The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings QQXT

More QQXT Holdings
  • Current Portfolio Date Mar 23, 2023
  • Equity Holdings 64
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 16.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Enphase Energy Inc

1.73
2,576,465
Technology

Lucid Group Inc Shs

1.69
2,518,171
Consumer Cyclical

Regeneron Pharmaceuticals Inc

1.66
2,481,883
Healthcare

Tesla Inc

1.66
2,471,949
Consumer Cyclical

Netflix Inc

1.63
2,437,375
Communication Services

Rivian Automotive Inc Class A

1.63
2,431,468
Consumer Cyclical

Lululemon Athletica Inc

1.63
2,426,308
Consumer Cyclical

Booking Holdings Inc

1.62
2,421,977
Consumer Cyclical

JD.com Inc ADR

1.60
2,387,451
Consumer Cyclical

Vertex Pharmaceuticals Inc

1.59
2,377,355
Healthcare