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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.
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The index consists of companies in the NASDAQ-100 Index.
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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.
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The index is an equal weighted index and is rebalanced four times annually in March, June, September and December.
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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.
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The equal weighting allows for smaller company performance to contribute as much as the large companies within the Index.
Ticker | QQEW |
Fund Type | Growth |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
CUSIP | 337344105 |
ISIN | US3373441050 |
Intraday NAV | QQEWIV |
Fiscal Year-End | 12/31 |
Exchange | Nasdaq |
Inception | 4/19/2006 |
Inception Price | $20.00 |
Inception NAV | $20.00 |
Rebalance Frequency | Quarterly |
Gross Expense Ratio* | 0.59% |
Net Expense Ratio* | 0.59% |
* As of 5/1/2020
Expenses are capped contractually at 0.60% per year, at least until April 30, 2021.
Closing NAV1 | $102.01 |
Closing Market Price2 | $102.03 |
Bid/Ask Midpoint | $101.95 |
Bid/Ask Discount | 0.06% |
30-Day Median Bid/Ask Spread3 | 0.05% |
Total Net Assets | $1,234,337,450 |
Outstanding Shares | 12,100,002 |
Daily Volume | 104,233 |
Average 30-Day Daily Volume | 107,253 |
Closing Market Price 52-Week High/Low | $108.55 / $55.28 |
Closing NAV 52-Week High/Low | $108.53 / $55.21 |
Number of Holdings (excluding cash) | 102 |
Holding |
Percent |
Baidu, Inc. (ADR) |
1.42% |
Applied Materials, Inc. |
1.33% |
Micron Technology, Inc. |
1.25% |
Intel Corporation |
1.21% |
Illumina, Inc. |
1.20% |
KLA Corporation |
1.18% |
Skyworks Solutions, Inc. |
1.18% |
ASML Holding N.V. (New York Registry Shares) |
1.17% |
Lam Research Corporation |
1.16% |
CDW Corporation |
1.15% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 1,203 funds in the Large Growth category. This fund was rated 3 stars/1,203 funds (3 years), 3 stars/1,075 funds (5 years), 4 stars/789 funds (10 years) based on risk adjusted returns.
Maximum Market Cap. | $2,035,725 |
Median Market Cap. | $49,302 |
Minimum Market Cap. | $15,456 |
Price/Earnings | 33.76 |
Price/Book | 5.67 |
Price/Cash Flow | 22.32 |
Price/Sales | 4.12 |
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2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
137 |
16 |
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--- |
Days Traded at Discount |
116 |
22 |
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Technology
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43.07%
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Consumer Services
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21.19%
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Health Care
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13.87%
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Consumer Goods
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9.68%
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Industrials
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7.73%
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Utilities
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2.62%
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Basic Materials
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0.93%
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Telecommunications
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0.91%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
QQEW |
20.19% |
5.21 |
1.05 |
0.84 |
0.97 |
NASDAQ-100 Index® |
20.41% |
10.60 |
1.04 |
1.09 |
0.95 |
S&P 500 Index |
18.65% |
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1.00 |
0.60 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
S&P 500 Index - The Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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