QQQE
The Direxion NASDAQ-100 Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted Index. There is no guarantee the fund will meet its stated investment objective.
NAVas of Sep 29, 2023
1 Day NAV Changeas of Sep 29, 2023
$74.80
$0.06(0.08 %)
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
Index Construction
- Compared to market cap weighting, equal weighting may allow for greater performance contribution from companies with smaller market-capitalization2.
- Broader diversification across market segments may help reduce concentration risk and result in more balanced exposure across constituents and sectors.
- Quarterly rebalancing maintains consistency of equal weightings after regular market fluctuations.
2Market 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.
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.
Below is a comparison of the sectors of the NASDAQ-100 Equal Weighted Index (NETR) to the NASDAQ-100 (XNDX). All holdings and sector weightings are as of 06/30/2023 .
Sector Weightings %
| NETR | XNDX1 | Difference | |
| Information Technology | 35.85 | 51.35 | -15.51 |
| Communication Services | 10.31 | 16.49 | -6.18 |
| Consumer Discretionary | 13.89 | 15.21 | -1.32 |
| Health Care | 13.75 | 5.67 | 8.08 |
| Consumer Staples | 7.84 | 5.30 | 2.55 |
| Industrials | 11.37 | 4.12 | 7.25 |
| Utilities | 4.85 | 0.98 | 3.87 |
| Financials | 1.00 | 0.49 | 0.51 |
| Energy | 2.05 | 0.37 | 1.68 |
Top 10 Holdings %
| NETR | XNDX | |
| Microsoft | 1.00 | 12.92 |
| Apple | 1.00 | 12.57 |
| Alphabet – Class A and C | 1.00 | 7.35 |
| Nvidia | 1.00 | 6.94 |
| Amazon.com Inc | 1.00 | 6.85 |
| Tesla | 1.00 | 4.25 |
| Meta Platforms | 1.00 | 4.22 |
| Broadcom Limited | 1.00 | 2.40 |
| Pepsico | 1.00 | 1.70 |
| Costco Wholesale | 1.00 | 1.59 |
Bottom 10 Holdings %
| NETR | XNDX | |
| Atlassian Corporation Class A | 1.00 | 0.17 |
| Walgreens Boots Alliance Inc | 1.00 | 0.16 |
| eBay | 1.00 | 0.16 |
| Diamondback Energy | 1.00 | 0.16 |
| Enphase Energy | 1.00 | 0.15 |
| Zscaler Inc | 1.00 | 0.14 |
| Sirius XM Holdings Inc | 1.00 | 0.12 |
| Zoom Video Communications | 1.00 | 0.11 |
| JD.com Class A | 1.00 | 0.10 |
| Lucid Group Inc | 1.00 | 0.08 |
Source: SOLA. All holdings weightings are as of 06/30/2023 and are subject to change.
Index Calendar Year 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 | 7.65 | 26.78 | -4.61 | 36.65 | 38.19 | 18.45 | -24.31 |
| XNDX | 18.35 | 36.92 | 19.40 | 9.75 | 7.27 | 32.99 | 0.04 | 39.46 | 48.88 | 27.51 | -32.38 |
Index data as of 6/30/2023. 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.
1The Nasdaq 100 Index (XNDX) 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 September 29, 2023. Line chart shows pricing trend over the last 30 days.
- QQQE
Net asset value (NAV)
- 74.80NAV $
- 0.06Change $
- 0.08Change %
Market price closing
- 74.77Market $
- 0.05Change $
- 0.07Change %
Premium / Discount
-0.03
| monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -2.98 | 7.31 | 23.13 | 18.87 | 7.64 | 12.05 | 14.05 | 13.95 | 03/21/2012 | 0.35 / 0.35* |
| Market Close | -3.16 | 7.16 | 22.97 | 18.74 | 7.56 | 12.04 | 14.04 | 13.94 |
| quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 5.47 | 6.30 | 21.03 | 23.33 | 10.96 | 12.88 | 14.45 | 14.00 | 03/21/2012 | 0.35 / 0.35* |
| Market Close | 5.47 | 6.33 | 21.03 | 23.44 | 10.98 | 12.84 | 14.42 | 14.01 | ||
| NETR | 5.51 | 6.37 | 21.20 | 23.62 | 11.31 | 13.25 | 14.85 | 14.45 | — | - |
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. For the most recent month-end performance please visit the funds website at direxion.com.
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 |
|---|---|---|---|---|---|
| 09/20/2023 | 09/19/2023 | 09/26/2023 | 0.16518 | — | — |
| 06/22/2023 | 06/21/2023 | 06/28/2023 | 0.15895 | — | — |
| 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 |