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*0.57%
Net Expense Ratio*0.57%
* As of 5/2/2022
Expenses are capped contractually at 0.60% per year, at least through April 30, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Current Fund Data (as of 6/24/2022)
Closing NAV1$91.95
Closing Market Price2$91.88
Bid/Ask Midpoint$91.96
Bid/Ask Premium0.01%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$1,029,822,313
Outstanding Shares11,200,002
Daily Volume63,307
Average 30-Day Daily Volume78,540
Closing Market Price 52-Week High/Low$120.98 / $84.27
Closing NAV 52-Week High/Low$120.94 / $84.33
Number of Holdings (excluding cash)102
Top Holdings (as of 6/24/2022)*
Holding Percent
Datadog, Inc. (Class A) 1.15%
Okta, Inc. 1.14%
Zscaler, Inc. 1.10%
Lucid Group, Inc. (Class A) 1.09%
Atlassian Corporation Plc (Class A) 1.07%
MercadoLibre, Inc. 1.07%
Autodesk, Inc. 1.05%
CrowdStrike Holdings, Inc. (Class A) 1.04%
DocuSign, Inc. 1.04%
Match Group Inc. 1.04%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 5/31/2022)4

Among 1,142 funds in the Large Growth category. This fund was rated 4 stars/1,142 funds (3 years), 3 stars/1,054 funds (5 years), 4 stars/777 funds (10 years) based on risk adjusted returns.
Distribution Information
Dividend per Share Amt (as of 6/28/2022)5$0.1066
30-Day SEC Yield (as of 5/31/2022)60.49%
Unsubsidized 30-Day SEC Yield (as of 5/31/2022)70.49%
12-Month Distribution Rate (as of 5/31/2022)80.41%
Index Yield (as of 5/31/2022)91.87%
Fund Characteristics (as of 5/31/2022)11
Maximum Market Cap.$2,409,002
Median Market Cap.$50,183
Minimum Market Cap.$13,099
Price/Cash Flow15.42
Bid/Ask Premium/Discount (as of 6/24/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 151 26 36 ---
Days Traded at Discount 101 36 22 ---
Top Sector Exposure (as of 6/24/2022)
Technology 41.13%
Consumer Discretionary 21.56%
Health Care 12.89%
Industrials 9.78%
Consumer Staples 5.90%
Utilities 3.91%
Telecommunications 3.85%
Basic Materials 0.98%
Hypothetical Growth of $10,000 Since Inception (as of 6/24/2022) *