Direxion NASDAQ-100 Equal Weighted Index Shares









  • ISIN



    0.55 / 0.35*




    Mar 21, 2012


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.

Overall Morningstar Rating1 5Stars

Out of 1,259 Large Growth funds as of 9/30/2017. An investments overall Morningstar Rating, based on its risk adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosures below for details.

Benefits & Strategy

Key Benefits

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.

Watch The Video

Take a few seconds to learn about QQQE. Watch the video.

QQQE Video

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.

Top Ten Holdings %

Apple Inc 1.00 11.65
Alphabet Inc 1.00 9.13
Microsoft Corp 1.00 8.39
Amazon.com Inc 1.00 6.76
Facebook Inc 1.00 5.92
Comcast Corp 1.00 2.65
Intel Corp 1.00 2.62
Cisco Systems Inc 1.00 2.46
Amgen Inc 1.00 1.99
Celgene Corp 1.00 1.67

Bottom Ten Holdings %

Liberty Global Plc LiLAC 1.00 0.06
Liberty Ventures 1.00 0.07
Mattel Inc 1.00 0.08
Discovery Communications Inc 1.00 0.11
Akamai Technologies Inc 1.00 0.12
Tractor Supply Co 1.00 0.12
Seagate Technology PLC 1.00 0.14
Viacom Inc 1.00 0.14
Hologic Inc 1.00 0.15
Liberty Interactive Corp QVC G 1.00 0.15

Sector Weightings %

XNDX NETR Difference
Information Technology 59.27 40.31 18.96
Consumer Discretionary 21.06 26.81 -5.75
Health Care 11.51 18.73 -7.22
Consumer Staples 5.00 4.86 0.14
Industrials 2.22 7.30 -5.08
Telecommunication Services 0.94 1.99 -1.05

Index Calendar Year Returns – Comparing the NASDAQ-100® Equal Weighted TR Index (NETR) to the NASDAQ-100 (XNDX)

2008 2009 2010 2011 2012 2013 2014 2015 2016
NETR Index -43.53 60.51 21.98 -2.10 15.45 40.99 19.84 2.89 7.28
XNDX Index -41.57 54.61 20.14 3.66 18.35 36.92 19.40 9.75 6.90

Index data as of 9/30/2017. 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.

Tax Reporting

Supplemental Tax Documents

Pricing and Performance

NAV and Market Price information as of December 15, 2017. Line chart shows pricing trend over the last 30 days.

fund symbol


  • Net asset value (NAV)

    • 43.47
    • 0.45
    • 1.05
  • market price closing

    • 43.48
    • 0.37
    • 0.86
  • Premium / Discount

    • 0.01

* The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.35%. The Fund’s Adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund, under which Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2018, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.35% of the Fund’s daily net assets other than the following: taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions 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 roo-okt.ru.

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.


  • QQQE
  • Direxion NASDAQ-100 Equal Weighted Index Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/20/2017 09/19/2017 09/26/2017 0.05979
06/22/2017 06/20/2017 06/27/2017 0.08289
03/23/2017 03/21/2017 03/28/2017 0.08439
12/22/2016 12/20/2016 12/28/2016 0.14378
09/22/2016 09/20/2016 09/27/2016 0.09888
06/23/2016 06/21/2016 06/28/2016 0.14623
03/24/2016 03/22/2016 03/30/2016 0.41243