First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)
Investment Objective/Strategy - The First Trust NASDAQ-100 Equal Weighted Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the NASDAQ-100 Equal Weighted IndexSM.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The index consists of companies in the NASDAQ-100 Index.
  • The index is reconstituted once a year in December, but replacements may be made during the year if there's a replacement in the NASDAQ-100 Index.
  • The index is an equal weighted index and is rebalanced four times annually in March, June, September and December.
  • The index contains the same securities as the NASDAQ-100 Index but each of the securities is initially set at a weight of 1.00% of the index and is rebalanced quarterly. The NASDAQ-100 Index includes 100 of the largest non-financial securities listed on Nasdaq.
  • The equal weighting allows for smaller company performance to contribute as much as the large companies within the Index.
Fund Overview
Fund TypeGrowth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End12/31
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.58%
Net Expense Ratio*0.58%
* As of 5/3/2021
Expenses are capped contractually at 0.60% per year, at least until April 30, 2022.
Current Fund Data (as of 9/22/2021)
Closing NAV1$114.42
Closing Market Price2$114.37
Bid/Ask Midpoint$114.42
Bid/Ask Premium0.00%
30-Day Median Bid/Ask Spread (as of 9/21/2021)30.04%
Total Net Assets$1,338,721,580
Outstanding Shares11,700,002
Daily Volume34,610
Average 30-Day Daily Volume29,789
Closing Market Price 52-Week High/Low$117.58 / $82.99
Closing NAV 52-Week High/Low$117.65 / $82.96
Number of Holdings (excluding cash)102
Top Holdings (as of 9/22/2021)*
Holding Percent
Seagen Inc. 1.10%
Moderna, Inc. 1.06%
O'Reilly Automotive, Inc. 1.04%
Booking Holdings Inc. 1.03%
IDEXX Laboratories, Inc. 1.03%
NXP Semiconductors N.V. 1.03%
Verisk Analytics, Inc. (Class A) 1.03%
Analog Devices, Inc. 1.02%
Atlassian Corporation Plc (Class A) 1.02%
DexCom, Inc. 1.02%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 9/23/2021)4$0.0386
30-Day SEC Yield (as of 8/31/2021)50.19%
Unsubsidized 30-Day SEC Yield (as of 8/31/2021)60.19%
12-Month Distribution Rate (as of 8/31/2021)70.26%
Index Yield (as of 8/31/2021)81.60%
Fund Characteristics (as of 8/31/2021)10
Maximum Market Cap.$2,509,775
Median Market Cap.$60,543
Minimum Market Cap.$16,683
Price/Cash Flow21.25
Bid/Ask Premium/Discount (as of 9/22/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 137 30 29 46
Days Traded at Discount 116 31 34 12
Top Sector Exposure (as of 9/22/2021)
Technology 40.06%
Consumer Discretionary 22.88%
Health Care 14.10%
Industrials 9.05%
Consumer Staples 5.95%
Telecommunications 3.99%
Utilities 2.96%
Basic Materials 1.01%
Hypothetical Growth of $10,000 Since Inception (as of 9/21/2021) *