QTEC Fees and Costs — First Trust NASDAQ-100-Technology Sector Index Fund
Data updated: 2026-08-21
The net expense ratio is 0.55%: a 0.40% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $183K in broker commissions, 0.0060% of average net assets, and portfolio turnover was 38%.
QTEC Fees and Expenses
Annual operating expenses and sales charges of QTEC. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
QTEC Costs Over Time
On $10,000 invested in QTEC, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,412 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
QTEC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0060%
- Total broker commissions: $183K
- Bought from dealers (principal trades, not a cost): $2.9B
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $12.7M
- Net income from securities lending: $58K (0.002% of average net assets)
QTEC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $70K | 38.33% |
| MIZUHO SECURITIES USA LLC | $46K | 24.99% |
| OLD MISSION MARKETS LLC | $34K | 18.56% |
| BTIG, LLC | $25K | 13.43% |
| CITADEL SECURITIES LLC | $9K | 4.68% |
| CANTOR FITZGERALD & CO. | $32 | 0.02% |
QTEC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $817.5M | 28.39% |
| GOLDMAN SACHS & CO. LLC | $625.5M | 21.72% |
| VIRTU AMERICAS LLC | $447.5M | 15.54% |
| JANE STREET CAPITAL, LLC | $322.5M | 11.20% |
| BNP PARIBAS SECURITIES CORP. | $321.9M | 11.18% |
| RBC CAPITAL MARKETS, LLC | $116.1M | 4.03% |
| CITADEL SECURITIES LLC | $113.6M | 3.95% |
| CitiGroup Global Markets Inc. | $80.8M | 2.80% |
| WELLS FARGO SECURITIES, LLC | $17.8M | 0.62% |
| HRT FINANCIAL LP | $16.5M | 0.57% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.