First Trust NASDAQ-100 Equal Weighted Index Fund
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About QQEW
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 Index. 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.
Find out what a historical investment in First Trust NASDAQ-100 Equal Weighted Index Fund would be worth today using our QQEW stock calculator.
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0.54%
70.07K
$122.03
$118.98
$119.96
$136.19
$104.28
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This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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