This is an actively managed ETF that invests in companies using technology as a core growth driver. Its selection universe includes not only information technology companies but also financial and communication services companies whose operations and growth depend on technology.

It suits long-term investors who want to look beyond traditional information technology and also consider technology-dependent financials and communication services.

It is an ETF run with an active management approach by First Trust.

First Trust includes not only information technology companies but also financial and communication services companies with high technology utilization in its selection range. It is an active strategy that uses a quantitative model to review long-term growth potential and build the portfolio.

• Selects technology-dependent companies outside the traditional technology sector
• Builds an active portfolio using a quantitative model

Assets under management (AUM) stand at $36.1M, and the total expense ratio (Expense Ratio) is 0.65% per year.

When buying and selling, investors should look at bid-ask quotes and trading conditions together, and should also check for the possibility of a wider gap between the market price and net asset value.

Performance trends can be affected by growth expectations for the technology industry, corporate earnings, the interest rate environment, and shifts in risk appetite. Because the fund selects from a broader group of companies than the traditional technology sector, changes in valuations of financials and communication services may also be reflected in return volatility.

Fund flows can vary with overall sentiment toward tech stocks and market volatility. Because this product also looks at technology-dependent industries outside information technology, it calls for an approach that checks sector-level earnings outlooks, geopolitical variables, and the regulatory environment together.

Its structure of selecting an expanded group of technology companies is a defining feature, but active management and technology sector volatility should be considered together.

Among the similar products in the table, the VGT ETF is a low-fee option focused on the information technology sector, while the XLK ETF can be compared as a sector product centered on large-cap tech stocks. The SOXX ETF concentrates more on the semiconductor industry, and the IYW ETF and FTEC ETF offer exposure to US tech stocks broadly. Investors should note that the XPND ETF is an active strategy that widens its selection range to include technology-dependent financials and communication services. Information on comparable listed funds beyond those in the table is limited.

Before investing, check whether the product's selection range and management approach fit your goal for tech stock exposure. Rather than judging by the semiannual distribution alone, it is necessary to review costs, trading conditions, and the volatility of technology-related industries together.

Share prices of technology-related companies can react sensitively to growth expectations, interest rates, competitive dynamics, and regulatory changes. A selection range that includes financial and communication services companies may offer diversification across industries, but the inherent risks of those industries may also be reflected.

The XPND ETF can be used by investors who consider the traditional information technology sector alone insufficient and want to look at technology-dependent industries as well. However, it is advisable to check the active selection method, costs, trading conditions, and technology sector volatility against your own investment horizon and risk tolerance.