QQEW

First Trust Nasdaq-100 Equal Weighted Index Fund

First Trust NASDAQ-100 Equal Weighted Index objective is investment results that correspond to the price and yield of the NASDAQ-100 Equal Weighted Index. The Fund invests in the 100 largest n


US

EQUITY

Rules-Based

MANAGEMENT STYLE

58 bp

EXPENSES

$12.3 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 19, 2006
Assets (mns)$12,266
Expense ratio58 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionNASDAQ - Listed
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ATLASSIAN CORP. CLASS A 6.2 %
TESLA MOTORS INC 1.3 %
WARNER BROS. DISCOVERY, INC. SERIES A 1.2 %
APPLE INC 1.1 %
CHARTER COMMUNICATIONS, INC. CLASS A 1.1 %
AMGEN INC 1.1 %
BAKER HUGHES COMPANY CLASS A 1.1 %
CINTAS CORP 1.1 %
OLD DOMINION FREIGHT LINE 1.1 %
GLOBALFOUNDRIES INC. 1.1 %
Constituent Breakdown
Number of holdings613
Herfindahl-Hirschman Index 115
Wgt avg mkt cap (mns)$239,405
Large cap (>$10bn)100.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.98.9%
Emerging mkts.1.1%
Country Exposure
UNITED STATES 91.1 %
AUSTRALIA 6.2 %
BRITAIN 3.9 %
NETHERLANDS 1.9 %
ARGENTINA 1.1 %
CHINA 1.0 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.2% 16.2% 19.7% 3.8% 13.7% 12.8% 11.2%
Volatility 13.2% 14.4% 20.6% 21.3% 23.9% 20.3% --
Market Correlations
versus...BetaR-squared
S&P 5001.0591%
MSCI EAFE0.9773%
MSCI Emg Mkts0.7646%
Liquidity Measures
Avg. volume (000)84
Turnover0.1%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$218,617
Technical Indicators
Recent close$123.26
30d moving avg.$121.00
Annualized volatility19.9%
Relative strength (RSI)56
Short interest (ETF)0.1%
Short interest (underlying)2.4%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: QQEW vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.4 22.5 3.4 1.2% --
Based on closing prices from 7/19/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
QQEW



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

QQEW

4.8%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.8%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. QQEW's ALTAR Score™ is approximately 0.4 standard deviations below the category average. This places QQEW in the 36th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
QQEW
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
QQEW (58 bp) Percentile rank 64
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QQEW 58.0 4.9 62.9
Peer Avg. 36.9 15.0 51.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .