Key stats
About First Trust NASDAQ-100 Equal Weighted Index Fund
Home page
Inception date
Apr 19, 2006
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
QQEW provides equal-weighted exposure to the NASDAQ 100, a tech-focused index that comprises 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalization. The index invests in companies across various non-financial sectors and rebalances quarterly to provide equal allocation to all constituents without any sector and cap biases. Overall, QQEW is a reasonable way to approach the NASDAQ 100 for investors wanting a purer exposure to the non-financial space with less concentration.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stocks99.93%
Technology Services31.43%
Electronic Technology19.81%
Health Technology9.49%
Consumer Services7.87%
Retail Trade6.87%
Consumer Non-Durables6.66%
Utilities4.12%
Producer Manufacturing2.97%
Transportation2.95%
Commercial Services1.87%
Consumer Durables1.37%
Distribution Services1.05%
Process Industries0.96%
Communications0.89%
Energy Minerals0.82%
Industrial Services0.80%
Bonds, Cash & Other0.07%
Cash0.07%
Stock breakdown by region
North America92.30%
Europe6.54%
Latin America1.15%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QQEW invests in stocks. The fund's major sectors are Technology Services, with 31.43% stocks, and Electronic Technology, with 19.81% of the basket. The assets are mostly located in the North America region.
QQEW top holdings are Tesla, Inc. and Constellation Energy Corporation, occupying 1.37% and 1.29% of the portfolio correspondingly.
QQEW last dividends amounted to 0.15 USD. The quarter before, the issuer paid 0.14 USD in dividends, which shows a 5.89% increase.
QQEW assets under management is 1.81 B USD. It's risen 4.96% over the last month.
QQEW fund flows account for −369.97 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QQEW pays dividends to its holders with the dividend yield of 0.50%. The last dividend (Mar 31, 2025) amounted to 0.15 USD. The dividends are paid quarterly.
QQEW shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Apr 19, 2006, and its management style is Passive.
QQEW expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
QQEW follows the NASDAQ-100 Equally Weighted Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QQEW invests in stocks.
QQEW price has risen by 8.46% over the last month, and its yearly performance shows a 7.88% increase. See more dynamics on QQEW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.00% over the last month, showed a 0.86% increase in three-month performance and has increased by 7.23% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.00% over the last month, showed a 0.86% increase in three-month performance and has increased by 7.23% in a year.
QQEW trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.