First Trust Nasdaq-100 Select Equal Weight ETF

Frequently Asked Questions About QQEW

What does QQEW invest in?

The First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) aims to replicate the overall financial performance – covering both capital growth and income – of the Nasdaq-100 Select Equal Weight Index, prior to accounting for its own operational costs and charges. To achieve this, the Fund consistently allocates at least 80% of its net investments, which includes any borrowed funds, directly into the specific stocks that constitute this benchmark index.

What is the expense ratio of QQEW?

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is QQEW?

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) manages $1.87B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is QQEW actively managed or an index fund?

QQEW is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (QQEW's is 0.55%) because there's no security selection cost.

When was QQEW launched?

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) launched in April 2006 and is managed by First Trust.

How has QQEW performed?

QQEW's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.