First Trust Expanded Technology ETF
XPND
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- First Trust Expanded Technology ETF (XPND) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in common stocks of U.S. companies whose businesses are derived from or dependent on technology, including information technology companies as well as financial companies and communication services companies with principally technology-derived or dependent operations; the fund employs a quantitative model for security selection and portfolio construction, focusing on expanded technology themes beyond traditional IT sectors such as semiconductors, software, hardware, networking, cybersecurity, fintech, and digital media. Top holdings as of November 2025 include Advanced Micro Devices (AMD) at 6.25%, Alphabet (GOOGL) at 5.49%, Apple (AAPL) at 4.97%, Broadcom (AVGO) at 4.87%, and Cisco (CSCO) at 4.78%, with sector allocations dominated by technology (over 60%), communication services (around 25%), and financial services (approximately 9%). The fund, part of the First Trust Exchange-Traded Fund VIII series, was launched on June 14, 2021, and is domiciled in the United States with assets under management of approximately $36 million and a net expense ratio of 0.65%; it trades on the Cboe BZX exchange and benchmarks performance against the S&P 500 Information Technology Index and S&P 500 Index. First Trust Advisors L.P., the investment adviser, supervises the fund alongside a team of portfolio managers including Roger Testin, Daniel Lindquist, Jon Erickson, David McGarel, Stan Ueland, Chris Peterson, Erik Russo, and Omar Sepulveda; the adviser, founded in 1991 and headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee, manages a broad suite of investment products including over 150 exchange-traded funds, unit investment trusts, and separate managed accounts through affiliates like First Trust Portfolios L.P. XPND primarily targets institutional and retail investors seeking exposure to U.S. large-cap growth stocks in technology-driven sectors, with nearly 100% allocation to U.S. equities and quarterly distributions. In recent developments, First Trust Advisors announced distributions for 156 exchange-traded funds, including XPND, on December 11, 2025, reflecting ongoing operational stability amid a portfolio of $304 billion in assets under management or supervision as of October 31, 2025; the firm has continued routine SEC filings and portfolio rebalancing without major structural changes, acquisitions, or new product launches specific to XPND in the last 1-2 years, maintaining its active management strategy amid market volatility.