Direxion NASDAQ-100 Equal Weighted Index Shares
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 achieve its stated investment objective.
QQQE
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- 01/23/2024
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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 11/15/2024.
Net Asset Value (NAV)
Market Price Closing
| 1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|
| QQQE NAV | -1.29 | 0.76 | 5.95 | 26.04 | 2.67 | 13.27 | 12.51 | 13.84 | 0.35 / 0.35* | 03/21/2012 |
| QQQE Market Close | -1.32 | 0.64 | 5.79 | 26.00 | 2.67 | 13.25 | 12.51 | 13.84 | 0.35 / 0.35* | 03/21/2012 |
As of October 31, 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 06/30/2024.
Sector Weightings %
| NETR | XNDX2 | Difference | |
| Information Technology | 39.09 | 50.30 | -11.21 |
| Communication Services | 10.06 | 15.78 | -5.72 |
| Consumer Discretionary | 12.37 | 13.33 | -0.96 |
| Consumer Staples | 7.86 | 6.07 | 1.79 |
| Healthcare | 11.73 | 6.05 | 5.68 |
| Industrials | 9.98 | 4.41 | 5.57 |
| Materials | 1.00 | 1.50 | -0.50 |
| Utilities | 4.01 | 1.40 | 2.61 |
| Financials | 1.01 | 0.53 | 0.48 |
| Energy | 1.94 | 0.44 | 1.50 |
| Real Estate | 0.97 | 0.20 | 0.76 |
Top 10 Holdings %
| NETR | XNDX | |
| Apple | 1.00 | 9.04 |
| Microsoft | 1.00 | 8.16 |
| Nvidia | 1.00 | 7.60 |
| Broadcom Limited | 1.00 | 5.27 |
| Meta Platforms | 1.00 | 5.08 |
| Amazon.Com Inc | 1.00 | 4.99 |
| Alphabet Inc Class A and C | 1.00 | 4.86 |
| Tesla | 1.00 | 3.23 |
| Costco Wholesale | 1.00 | 2.59 |
| Netflix | 1.00 | 2.01 |
Bottom 10 Holdings %
| NETR | XNDX | |
| Zscaler Inc | 1.00 | 0.17 |
| Moderna | 1.00 | 0.17 |
| Atlassian Corp PLC | 1.00 | 0.17 |
| Super Micro Computer | 1.00 | 0.16 |
| GlobalFoundries Inc | 1.00 | 0.15 |
| Illumina | 1.00 | 0.14 |
| Warner Bros Discovery Inc | 1.00 | 0.13 |
| MongoDB | 1.00 | 0.13 |
| ARM Holdings PLC | 1.00 | 0.12 |
| Dollar Tree | 1.00 | 0.10 |
Source: SOLA. All holdings weightings are as of 09/30/2024 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 06/30/2024. 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.
Index Top Ten Holdings
| % of Total | |
|---|---|
| Pdd Holdings Inc Adr | 1.34% |
| Micron Technology | 1.13% |
| Tesla | 1.09% |
| Intel | 1.06% |
| Lam Research | 1.04% |
| Advanced Micro Devices | 1.04% |
| Applied Material | 1.04% |
| Asml Holding Adr | 1.04% |
| Nvidia | 1.04% |
| On Semiconductor | 1.03% |
Index Sector Weightings
| % of Total | |
|---|---|
| Information Technology | 39.08% |
| Consumer Discretionary | 12.38% |
| Health Care | 11.73% |
| Communication Services | 10.06% |
| Industrials | 9.98% |
| Consumer Staples | 7.86% |
| Utilities | 4.01% |
| Energy | 1.94% |
| Financials | 1.01% |
| Materials | 1.00% |
| Real Estate | 0.96% |
Distributions
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
|---|---|---|---|---|---|---|
| 09/24/2024 | 09/24/2024 | 10/01/2024 | 0.16024 | — | — | |
| 06/25/2024 | 06/25/2024 | 07/02/2024 | 0.17959 | — | — | |
| 03/20/2024 | 03/19/2024 | 03/26/2024 | 0.19073 | — | — | |
| 12/22/2023 | 12/21/2023 | 12/29/2023 | 0.24573 | — | — | |
Record Date09/24/2024 Ex Date09/24/2024 Pay Date10/01/2024 Income Dividend0.16024 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/25/2024 Ex Date06/25/2024 Pay Date07/02/2024 Income Dividend0.17959 Short-Term Capital Gain— Long-Term Capital Gain— 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— | ||||||
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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 [email protected] or 866-476-7523.
Operational Updates
- 01/23/2024
Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
Set Up Your ETF Alerts Today - 02/01/2024
Nasdaq-100 Equal Weighted Index: Another Tactical Opportunity at Hand?
Download PDF Report
Documents & Downloads
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