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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW | ETF

$127.29

$2.18 B

0.41%

$0.52

0.57%

Vitals

YTD Return

8.9%

1 yr return

17.6%

3 Yr Avg Return

2.6%

5 Yr Avg Return

13.2%

Net Assets

$2.18 B

Holdings in Top 10

10.7%

52 WEEK LOW AND HIGH

$127.2
$108.72
$130.81

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW | ETF

$127.29

$2.18 B

0.41%

$0.52

0.57%

QQEW - Profile

Distributions

  • YTD Total Return 8.9%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 13.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.25%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust NASDAQ-100 Equal Weighted Index Fund
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Apr 19, 2006
  • Shares Outstanding
    11200002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Lindquist

Fund Description

The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by Nasdaq, Inc. (the “Index Provider”). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure Index integrity.The Index is the equal-weighted version of the Nasdaq-100 Index®. The Nasdaq-100 Index® includes 100 of the largest U.S. and international non-financial companies listed on Nasdaq based on market capitalization. According to the Index Provider, in order to be eligible for inclusion in the Index, a security must meet the following criteria: (i) the issuer of the security’s primary U.S. listing must be exclusively listed on the Nasdaq Global Select Market or the Nasdaq Global Market (unless the security was dually listed on another U.S. market prior to January 1, 2004 and has continuously maintained such listing); (ii) the security must be issued by a non-financial company; (iii) the security must meet the liquidity requirements and other eligibility criteria of the Index; and (iv) if the issuer of the security is organized under the laws of a jurisdiction outside the United States, then such security must have listed options on a registered options market in the United States or be eligible for listed-options trading on a registered options market in the United States. According to the Index Provider, the 100 securities with the largest capitalizations meeting these criteria are included in the Index and are each assigned a weight of 1.00%. Indexcomposition changes during scheduled reconstitutions are subject to certain buffers designed to limit turnover. The Index may contain securities, common stocks and depositary receipts issued by mid and large capitalization companies.The Index is rebalanced quarterly and reconstituted annually and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 28, 2024, the Index was composed of 101 securities and the Fund had significant investments in information technology companies, although this may change from time to time. In order to gain exposure to certain Chinese companies that are included in the Index but are unavailable to direct investment by foreign investors, the Fund invests significantly in non-Chinese shell companies that have created structures known as variable interest entities (“VIEs”) in order to gain exposure to such Chinese companies. The Fund’s investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of March 28, 2024. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
Read More

QQEW - Performance

Return Ranking - Trailing

Period QQEW Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -0.3% 50.1% 98.38%
1 Yr 17.6% 3.3% 68.8% 97.47%
3 Yr 2.6%* -25.9% 24.2% 81.18%
5 Yr 13.2%* -14.0% 29.6% 80.80%
10 Yr 12.3%* -4.9% 19.8% 72.78%

* Annualized

Return Ranking - Calendar

Period QQEW Return Category Return Low Category Return High Rank in Category (%)
2023 32.3% -74.1% 72.4% 51.36%
2022 -25.1% -85.9% 4.7% 13.26%
2021 17.4% -52.4% 60.5% 21.47%
2020 36.7% -34.3% 145.0% 22.06%
2019 35.2% -6.9% 49.4% 6.17%

Total Return Ranking - Trailing

Period QQEW Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -0.3% 50.1% 98.38%
1 Yr 17.6% 3.3% 68.8% 97.47%
3 Yr 2.6%* -25.9% 24.2% 81.18%
5 Yr 13.2%* -14.0% 29.6% 80.80%
10 Yr 12.3%* -4.9% 19.8% 72.78%

* Annualized

Total Return Ranking - Calendar

Period QQEW Return Category Return Low Category Return High Rank in Category (%)
2023 33.3% -4.6% 72.4% 66.49%
2022 -24.6% -61.7% 5.6% 20.35%
2021 17.7% -39.8% 118.1% 71.75%
2020 37.3% 2.8% 149.2% 40.66%
2019 35.9% -5.2% 49.4% 26.42%

QQEW - Holdings

Concentration Analysis

QQEW Category Low Category High QQEW % Rank
Net Assets 2.18 B 296 K 287 B 42.84%
Number of Holdings 104 2 3061 23.33%
Net Assets in Top 10 222 M 126 K 151 B 70.36%
Weighting of Top 10 10.74% 0.7% 205.0% 99.46%

Top 10 Holdings

  1. Datadog Inc 1.11%
  2. MongoDB Inc 1.10%
  3. Atlassian Corp 1.09%
  4. Tesla Inc 1.09%
  5. Zscaler Inc 1.07%
  6. Baker Hughes Co 1.07%
  7. Palo Alto Networks Inc 1.06%
  8. Diamondback Energy Inc 1.05%
  9. Adobe Inc 1.05%
  10. Intuit Inc 1.04%

Asset Allocation

Weighting Return Low Return High QQEW % Rank
Stocks 		99.98% 0.00% 115.30% 6.13%
Cash 		0.39% 0.00% 173.52% 70.27%
Preferred Stocks 		0.00% 0.00% 10.69% 49.37%
Other 		0.00% -31.50% 50.35% 53.15%
Convertible Bonds 		0.00% 0.00% 1.94% 41.43%
Bonds 		0.00% 0.00% 102.71% 43.24%

Stock Sector Breakdown

Weighting Return Low Return High QQEW % Rank
Technology 		36.94% 0.00% 65.70% 45.58%
Consumer Cyclical 		14.54% 0.00% 62.57% 59.03%
Healthcare 		13.63% 0.00% 39.76% 39.98%
Communication Services 		12.18% 0.00% 66.40% 32.85%
Industrials 		9.24% 0.00% 30.65% 16.25%
Consumer Defense 		7.64% 0.00% 25.50% 10.29%
Utilities 		5.04% 0.00% 16.07% 2.08%
Financial Services 		0.79% 0.00% 43.06% 99.10%
Real Estate 		0.00% 0.00% 16.05% 80.42%
Energy 		0.00% 0.00% 41.09% 74.10%
Basic Materials 		0.00% 0.00% 18.91% 84.21%

Stock Geographic Breakdown

Weighting Return Low Return High QQEW % Rank
US 		99.98% 0.00% 115.30% 5.32%
Non US 		0.00% 0.00% 75.51% 59.64%

QQEW - Expenses

Operational Fees

QQEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.01% 28.71% 85.08%
Management Fee 0.40% 0.00% 1.50% 13.79%
12b-1 Fee 0.00% 0.00% 1.00% 7.49%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

QQEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

QQEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QQEW Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 316.74% 29.42%

QQEW - Distributions

Dividend Yield Analysis

QQEW Category Low Category High QQEW % Rank
Dividend Yield 0.41% 0.00% 27.58% 27.14%

Dividend Distribution Analysis

QQEW Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annual Annual

Net Income Ratio Analysis

QQEW Category Low Category High QQEW % Rank
Net Income Ratio 0.25% -6.13% 3.48% 14.18%

Capital Gain Distribution Analysis

QQEW Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

QQEW - Fund Manager Analysis

Managers

Daniel Lindquist

Start Date

Tenure

Tenure Rank

Apr 19, 2006

16.13

16.1%

Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.

David McGarel

Start Date

Tenure

Tenure Rank

Apr 19, 2006

16.13

16.1%

David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.

Roger Testin

Start Date

Tenure

Tenure Rank

Apr 19, 2006

16.13

16.1%

Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.

Jon Erickson

Start Date

Tenure

Tenure Rank

Apr 19, 2006

16.13

16.1%

Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.

Stan Ueland

Start Date

Tenure

Tenure Rank

Nov 08, 2006

15.57

15.6%

Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.

Chris Peterson

Start Date

Tenure

Tenure Rank

Mar 18, 2016

6.21

6.2%

Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.

Erik Russo

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.24 3.08

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