ZACKSยท2025-07-21 11:21Core Viewpoint - The First Trust NASDAQ Semiconductor ETF (FTXL) is a smart beta ETF designed to provide exposure to the semiconductor industry, launched on September 20, 2016 [1]. Fund Overview - FTXL is managed by First Trust Advisors and has accumulated over $296.94 million in assets, categorizing it as an average-sized ETF within the Technology ETFs sector [5]. - The fund aims to match the performance of the Nasdaq US Smart Semiconductor Index, which is a modified factor-weighted index focused on US semiconductor companies [5]. Cost and Expenses - The annual operating expenses for FTXL are 0.60%, which is comparable to most peer products in the sector [6]. - The ETF has a 12-month trailing dividend yield of 0.44% [6]. Sector Exposure and Holdings - FTXL is fully allocated to the Information Technology sector, representing approximately 100% of its portfolio [7]. - The largest holding is Broadcom Inc. (AVGO), accounting for about 9.19% of total assets, followed by Micron Technology, Inc. (MU) and Nvidia Corporation (NVDA) [8]. - The top 10 holdings make up approximately 62.83% of the fund's total assets under management [8]. Performance Metrics - As of July 21, 2025, FTXL has increased by about 13.89% year-to-date but has decreased by approximately -0.66% over the past year [10]. - The ETF has traded between $62.37 and $101.42 in the past 52 weeks [10]. - FTXL has a beta of 1.34 and a standard deviation of 35.50% over the trailing three-year period, indicating more concentrated exposure compared to peers with only 31 holdings [10]. Alternatives - Other ETFs in the semiconductor space include iShares Semiconductor ETF (SOXX) and VanEck Semiconductor ETF (SMH), with assets of $13.95 billion and $27.74 billion respectively [12]. - Both SOXX and SMH have a lower expense ratio of 0.35% [12].