QQQE
NAV (Net Asset Value)$88.42As of Mar 26, 2024
1 Day NAV change$-0.13(-0.15%)As of Mar 26, 2024
Intra-day Value
QQQE.IV
Inception Date
Mar 21, 2012
Operational Updates
- 01/23/2024
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Nasdaq-100 Equal Weighted Index: Another Tactical Opportunity at Hand?
Download PDF Report
Documents & Downloads
- QQQE Fact Sheet (pdf)
- QQQE Methodology (pdf)
- Direxion ETFs List (pdf)
- Prospectus
- NDXE Research Update November 2023 (pdf)
- Daily Fund Holdings (csv)
Benefits & Strategy
Index Construction
- Compared to market cap weighting, equal weighting may allow for greater performance contribution from companies with smaller market-capitalization1.
- 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.
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.
Pricing & Performance
NAV and Market Price information as of 03/26/2024.
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
Net Asset Value (NAV)
$88.42Nav
$-0.13Change
-0.15%Change
Market Price Closing
$88.50Market
$-0.10Change
-0.11%Change
Premium / Discount
$+0.08Change from Last Day Trading
Premium/Discount tool
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| 1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|
| QQQE NAV | 1M 3.85 | 3M 12.33 | YTD 4.50 | 1Y 29.03 | 3Y 7.16 | 5Y 15.07 | 10Y 13.29 | Since 14.54 | Expense Ratio* 0.35 / 0.35* | Inception 03/21/2012 |
| QQQE Market Close | 1M 3.68 | 3M 12.17 | YTD 4.31 | 1Y 28.81 | 3Y 7.07 | 5Y 15.04 | 10Y 13.29 | Since 14.53 | Expense Ratio* 0.35 / 0.35* | Inception 03/21/2012 |
As of February 29, 2024
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.
Index Information
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 invest directly in an index.
Below is a comparison of the sectors of the NASDAQ-100 Equal Weighted Index (NETR) to the NASDAQ-100 (XNDX)2. All holdings and sector weightings are as of 09/30/2023 .
Sector Weightings %
| NETR | XNDX2 | Difference | |
| Information Technology | 37.86 | 49.61 | -11.75 |
| Communication Services | 10.91 | 15.06 | -4.15 |
| Consumer Discretionary | 11.80 | 14.38 | -2.58 |
| Financials | 0.99 | 0.53 | 0.46 |
| Real Estate | 0.98 | 0.28 | 0.70 |
| Energy | 2.00 | 0.49 | 1.51 |
| Consumer Staples | 9.19 | 6.84 | 2.35 |
| Utilities | 3.93 | 1.19 | 2.74 |
| Industrials | 10.00 | 4.94 | 5.06 |
| Health Care | 12.34 | 6.67 | 5.67 |
Top 10 Holdings %
| NETR | XNDX | |
| Apple | 1.00 | 9.22 |
| Microsoft | 1.00 | 8.61 |
| Amazon.com | 1.00 | 4.83 |
| Broadcom Limited | 1.00 | 4.15 |
| Meta Platforms Class A | 1.00 | 3.85 |
| Nvidia | 1.00 | 3.77 |
| Tesla | 1.00 | 3.68 |
| Alphabet Inc | 1.00 | 5.03 |
| Costco Wholesale | 1.00 | 2.32 |
| Adobe Inc | 1.00 | 2.16 |
Bottom 10 Holdings %
| NETR | XNDX | |
| Coca-Cola | 1.00 | 0.24 |
| CDW | 1.00 | 0.24 |
| MongoDB Inc | 1.00 | 0.23 |
| Diamondback Energy | 1.00 | 0.22 |
| Warner Bros. Discovery | 1.00 | 0.22 |
| Take Two | 1.00 | 0.22 |
| Splunk | 1.00 | 0.20 |
| Walgreens Boots Alliance Inc | 1.00 | 0.18 |
| Illumina | 1.00 | 0.18 |
| Sirius XM Holdings Inc | 1.00 | 0.17 |
Source: SOLA. All holdings weightings are as of 12/31/2023 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 | 2023 | |
| NETR | 15.45 | 40.99 | 19.84 | 2.89 | 7.65 | 26.78 | -4.61 | 36.65 | 38.19 | 18.45 | -24.31 | 34.01 |
| XNDX | 18.35 | 36.92 | 19.40 | 9.75 | 7.27 | 32.99 | 0.04 | 39.46 | 48.88 | 27.51 | -32.38 | 55.13 |
Index data as of 12/31/2023. 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.
2The 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.
Index Top Ten Holdings
| % of Total | |
|---|---|
| Ansys | % of Total 1.21 % |
| Moderna Inc | % of Total 1.14 % |
| Illumina | % of Total 1.08 % |
| Intel | % of Total 1.07 % |
| Dollar Tree | % of Total 1.07 % |
| Cintas | % of Total 1.06 % |
| Advanced Micro Devices | % of Total 1.04 % |
| Meta Platforms Class A | % of Total 1.04 % |
| Micron Technology | % of Total 1.03 % |
| Monster Beverage | % of Total 1.03 % |
Index Sector Weightings
| % of Total | |
|---|---|
| Information Technology | % of Total 37.86 % |
| Health Care | % of Total 12.34 % |
| Consumer Discretionary | % of Total 11.80 % |
| Communication Services | % of Total 10.91 % |
| Industrials | % of Total 10.00 % |
| Consumer Staples | % of Total 9.19 % |
| Utilities | % of Total 3.93 % |
| Energy | % of Total 2.00 % |
| Financials | % of Total 0.99 % |
| Real Estate | % of Total 0.98 % |
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.
View Daily Fund Holdings
Distributions
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
|---|---|---|---|---|---|---|
| 03/20/2024 | 03/19/2024 | 03/26/2024 | 0.19073 | — | — | |
| 12/22/2023 | 12/21/2023 | 12/29/2023 | 0.24573 | — | — | |
| 09/20/2023 | 09/19/2023 | 09/26/2023 | 0.16518 | — | — | |
| 06/22/2023 | 06/21/2023 | 06/28/2023 | 0.15895 | — | — | |
Record Date03/20/2024 Ex Date03/19/2024 Pay Date03/26/2024 Income Dividend0.19073 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.24573 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/20/2023 Ex Date09/19/2023 Pay Date09/26/2023 Income Dividend0.16518 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/22/2023 Ex Date06/21/2023 Pay Date06/28/2023 Income Dividend0.15895 Short-Term Capital Gain— Long-Term Capital Gain— | ||||||
Documents
Fund Documents
- QQQE Fact Sheet (pdf)
- QQQE Methodology (pdf)
- Direxion ETFs List (pdf)
- Prospectus
- NDXE Research Update November 2023 (pdf)
- Daily Fund Holdings (csv)
Tax Documents
How to Buy
ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.
We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.
Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [emailprotected] or 866-476-7523.
