Key stats
About FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND
Expense ratio
0.57%
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Inception date
Apr 19, 2006
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
What's in the fund
Exposure type
Technology Services
Electronic Technology
Health Technology
Stock breakdown by region