Symbols

QQEW

First Trust Nasdaq-100 Select Equal Weight ETF·NASDAQ

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Key Stats

Assets Under Management

1.75BUSD

Fund Flows (1Y)

-215.64MUSD

Dividend Yield

0.43%

Discount/Premium to NAV

-0.02%

Shares Outstanding

13.10M

Expense Ratio

0.55%

About First Trust Nasdaq-100 Select Equal Weight ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/etf/ETFsummary.aspx?Ticker=QQEW

Inception Date

Apr 19, 2006

Structure

Open-Ended Fund

Index Tracked

NASDAQ-100 Equal Weighted Index

Management Style

Passive

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.