QQQE
The Direxion NASDAQ-100® Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted TR Index. There is no guarantee the fund will meet its stated investment objective.
NAVas of Jun 08, 2023
1 Day NAV Changeas of Jun 08, 2023
$74.54
$0.69(0.93 %)
Overview
Fund Information
| Fund Symbol | Intra-day Value | Benchmark Index | Security Identifier | Expense Ratio (gross/net %) | Inception Date |
|---|---|---|---|---|---|
| QQQE | QQQE.IV | NETR | 25459Y207 | 0.35 / 0.35* | Mar 21, 2012 |
Documents & Downloads
Benefits & Strategy
QQQE provides equal-weight exposure to all NASDAQ-100® Index holdings, allowing you an opportunity to manage risk in your portfolio through:
- Broader diversification beyond technology sector stocks which may help reduce concentration risk
- Greater performance contribution from companies with smaller market capitalization1
- Quarterly rebalancing for consistent equal-weighting, after regular market fluctuations
1Market Capitalization is the total dollar market value of all of a company’s outstanding shares, and is calculated by multiplying a company’s shares outstanding by the current market price of one share.
The Strategy at Work
Performance contribution in market weighted indexes such as the S&P 500 Index or NASDAQ-100 Index is typically driven by a small number of very large companies with market caps that are considerably higher than the average. Most of the other stocks in the index are typically below the average weight of the index.
By contrast the NASDAQ-100 Equal Weighted Index allots the same weight, or importance, to each stock in the index. The result is a potentially more diversified performance contribution from the individual companies, and sectors that are in the index.
Target Index
The NASDAQ 100® Equal Weighted Index (NETR) includes 100 of the largest non-financial securities listed on NASDAQ®, but instead of being weighted by market capitalization, each of the constituents is initially set at 1.00%. The index is reviewed and adjusted annually in December, but replacements may be made any time throughout the year. The index is rebalanced quarterly in March, June, September and December. One cannot directly invest in an index.
Sector Weightings %
| NETR | XNDX | Difference | |
| Information Technology | 35.11 | 49.44 | -14.34 |
| Communication Services | 10.05 | 16.27 | -6.21 |
| Consumer Discretionary | 15.26 | 14.96 | 0.30 |
| Financials | 1.97 | 1.20 | 0.78 |
| Energy | 2.05 | 0.41 | 1.64 |
| Consumer Staples | 7.85 | 5.96 | 1.89 |
| Utilities | 3.81 | 1.15 | 2.66 |
| Industrials | 10.94 | 4.35 | 6.59 |
| Health Care | 12.94 | 6.25 | 6.69 |
Top 10 Holdings %
| NETR | XNDX | |
| Microsoft | 1.00 | 12.57 |
| Apple | 1.00 | 12.34 |
| Alphabet – Class A and C | 1.00 | 7.35 |
| Amazon.com | 1.00 | 6.22 |
| Nvidia | 1.00 | 5.23 |
| Tesla | 1.00 | 3.86 |
| Meta Platforms | 1.00 | 3.60 |
| Broadcom Limited | 1.00 | 2.04 |
| Pepsico | 1.00 | 1.92 |
| Costco Wholesale | 1.00 | 1.68 |
Bottom 10 Holdings %
| NETR | XNDX | |
| Align Technology | 1.00 | 0.20 |
| Diamondback Energy | 1.00 | 0.19 |
| eBay | 1.00 | 0.18 |
| Datadog | 1.00 | 0.16 |
| JD.Com | 1.00 | 0.15 |
| Zoom Video Communications | 1.00 | 0.14 |
| Zscaler | 1.00 | 0.13 |
| Sirius XM | 1.00 | 0.12 |
| Lucid Group | 1.00 | 0.11 |
| Rivian Automotive | 1.00 | 0.11 |
Index Calendar Yea Returns % – Comparing the NASDAQ-100® Equal Weighted Index (NETR) to the NASDAQ-100® (XNDX)
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| NETR | 15.45 | 40.99 | 19.84 | 2.89 | 7.28 | 26.43 | -4.96 | 36.30 | 38.19 | 18.45 | -24.37 |
| XNDX | 18.35 | 36.92 | 19.40 | 9.75 | 6.90 | 32.64 | -0.31 | 39.11 | 48.88 | 27.51 | -32.46 |
Index data as of 3/31/2023. Top holdings are subject to change. The Nasdaq 100 Index is composed of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. This index includes companies from a broad range of industries with the exception of those that operate in the financial industry, such as banks and investment companies.
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Pricing & Performance
NAV and Market Price information as of June 08, 2023. Line chart shows pricing trend over the last 30 days.
- QQQE
Net asset value (NAV)
- 74.54NAV $
- 0.69Change $
- 0.93Change %
Market price closing
- 74.57Market $
- 0.70Change $
- 0.95Change %
Premium / Discount
0.03
| monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.04 | 5.96 | 14.74 | 7.79 | 10.53 | 11.91 | 13.71 | 13.57 | 03/21/2012 | 0.35 / 0.35* |
| Market Close | 3.17 | 5.94 | 14.75 | 7.81 | 10.53 | 11.92 | 13.66 | 13.58 |
| quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 5.13 | 13.85 | 13.85 | -5.21 | 18.15 | 12.13 | 14.17 | 13.71 | 03/21/2012 | 0.35 / 0.35* |
| Market Close | 5.09 | 13.83 | 13.83 | -5.29 | 18.12 | 12.10 | 14.20 | 13.71 | ||
| NETR | 5.17 | 13.94 | 13.94 | -5.00 | 18.56 | 12.49 | 14.57 | 14.16 | — | - |
The Primary Listing Exchange is the NASDAQ.
* The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Services Agreement with the Fund. Under this Operating Services Agreement, Rafferty has contractually agreed to pay all expenses of the Fund as long as it is the advisor of the Fund other than the following: management fees, Rule 12b-1 distribution and/or service fees, taxes, swap financing and related costs, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization, acquired fund fees and expenses, and extraordinary expenses. If these expenses were included, the expense ratio would be higher.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized.
Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.
Distributions
- QQQE
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain |
|---|---|---|---|---|---|
| 03/22/2023 | 03/21/2023 | 03/28/2023 | 0.10239 | — | — |
| 12/21/2022 | 12/20/2022 | 12/28/2022 | 0.25014 | — | — |
| 09/21/2022 | 09/20/2022 | 09/27/2022 | 0.12895 | — | — |
| 06/23/2022 | 06/22/2022 | 06/29/2022 | 0.13982 | — | — |
| 03/23/2022 | 03/22/2022 | 03/29/2022 | 0.10345 | — | — |
| 12/22/2021 | 12/21/2021 | 12/29/2021 | 0.12751 | — | — |
| 12/10/2021 | 12/09/2021 | 12/16/2021 | 0.00000 | 2.64938 | 0.21793 |
| 09/22/2021 | 09/21/2021 | 09/28/2021 | 0.09012 | — | — |
| 06/23/2021 | 06/22/2021 | 06/29/2021 | 0.09672 | — | — |