QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

$139.78

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) seeks to track the performance of the NASDAQ-100 Equal Weighted Index, which provides exposure to the 100 largest non-financial companies listed on the NASDAQ stock exchange.

Overview

ETF tracking First Trust NASDAQ-100 Equal Weighted Index Fund

Category Technology

Issuer First Trust

Inception Date 2006-04-19

Market Cap $1.9B

Average Volume N/A

Dividend Yield 0.38%

52-Week Range $106.81 - $146.24

VWAP $140.09

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

QQEW aims to replicate the NASDAQ-100 Equal Weighted Index by holding all 100 constituent stocks in equal proportions, rather than weighting them by market capitalization. This approach is designed to provide more balanced exposure across the NASDAQ-100 companies.

✨ Key Features

Equal-weighted exposure to the 100 largest non-financial NASDAQ-listed companies
Diversified technology-focused portfolio with exposure to sectors like software, semiconductors, and e-commerce
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is heavily weighted towards the technology sector
Potential for higher volatility compared to market-cap weighted NASDAQ-100 funds
Limited performance history makes it difficult to evaluate long-term returns
Lack of assets under management may impact liquidity and trading efficiency

👤 Best For

QQEW may be suitable for investors seeking broad exposure to the NASDAQ-100 companies with a more balanced approach than traditional market-cap weighted funds. However, the fund's limited track record and small asset base make it more appropriate for experienced investors willing to accept higher volatility in exchange for potential diversification benefits.