QQEW

First Trust Nasdaq-100 Equal Weighted Index Fund
*Unless otherwise stated, data provided by FactSet.

QQEW Fund Description

QQEW tracks an equal-weighted version of the NASDAQ 100.

QQEW Factset Analytics Insight

QQEW provides equal-weighted exposure to the tech-focused, non-financial NASDAQ 100 index. As you'd expect, the fund shows some massive sector biases compared to our neutral benchmark, heavily overweighting tech and ignoring the financial sector altogether. It also has a pronounced midcap tilt and a bias toward growth stocks. However, QQEW is a reasonable way to approach the NASDAQ 100 for investors wanting purer exposure to the non-financial space with less concentration. The fund trades actively each day with tight spreads, and block liquidity is excellent for larger investors. While its fee is rather high for large-cap funds, especially ones offering such a straightforward strategy to portfolio construction, tracking is undeniably tight.

QQEW MSCI ESG Analytics Insight

First Trust Nasdaq-100 Equal Weighted Index Fund has an MSCI ESG Fund Rating of BBB based on a score of 4.87 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Nasdaq-100 Equal Weighted Index Fund ranks in the 37th percentile within its peer group and in the 18th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

QQEW MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

QQEW Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Compare
Reset
Select ETFs to compare their performance:
PERFORMANCE [as of 11/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QQEW 4.79% 8.32% 29.56% 19.90% 15.88% 11.51% 14.80%
QQEW (NAV) 4.83% 8.30% 29.58% 19.91% 15.88% 11.51% 14.79%
NASDAQ-100 Equal Weighted Index 4.88% 8.47% 30.30% 20.67% 16.60% 12.20% 14.79%
MSCI USA Large Cap Index 4.94% 8.67% 26.86% 16.78% 15.49% 11.28% 13.20%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QQEW Summary Data

First Trust
04/19/06
Open-Ended Fund
0.60%
$832.45M
$5.65M
0.05%

QQEW Portfolio Data

$88.13B
28.00
4.63
0.52%
12/13/19
104

QQEW Index Data

Equal
NASDAQ - Listed
MSCI USA Large Cap Index

QQEW Portfolio Management

0.60%
-0.65%
-0.50%
-0.78%

QQEW Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

QQEW Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

QQEW Factset Analytics Block Liquidity

As of 11/19/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of QQEW. QQEW is rated a 5 out of 5.

QQEW Tradability

81,833
$5.65M
31,618
$2.14M
0.05%
$0.03
-0.01%
0.25% / -0.15%
None
100.00%
50,000
0.63
0.01%
0.02%
7
$70.50
5

QQEW Sector/Industry Breakdown


QQEW
Segment Benchmark
46.05%
28.73%
21.18%
13.09%
15.68%
13.81%
9.01%
9.29%
5.06%
7.98%
1.04%
3.02%
1.01%
2.51%
0.98%
14.83%

QQEW Countries


QQEW
Segment Benchmark
95.15%
100.00%
3.83%
--
1.02%
--

QQEW Regions


QQEW
Segment Benchmark
95.15%
100.00%
3.83%
--
1.02%
--

QQEW Economic Development


QQEW
Segment Benchmark
96.17%
100.00%
3.83%
--

QQEW Performance Statistics

0.92
1.16
1.13
1.10
0.33%
MSCI USA Large Cap Index

QQEW MSCI ESG Ratings

BBB
4.87 / 10
17.89
36.89
2.91%
9.41%
103.46

QQEW Benchmark Comparison Holdings

104
297
70
22.17%

QQEW Benchmark Comparison Summary


QQEW
Segment Benchmark
104
297
$88.13B
$269.32B
28.00
21.84
4.63
3.49
1.06%
1.95%
Low
Low

QQEW Benchmark Comparison Market Cap Size


QQEW
Segment Benchmark
92.21%
99.84%
7.79%
0.16%
0.00%
0.00%
0.00%
0.00%