QQQE Direxion NASDAQ-100 Equal Weighted Index Shares ETF

Overview

The Direxion NASDAQ-100® Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted Index.

Fact Sheet  ETF Guide  Prospectus

Key Features of the Fund

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 capitalization

  • Quarterly rebalancing for consistent equal-weighting, after regular market fluctuations

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.

The NASDAQ-100 Equal Weighted Index (NETR) vs. The NASDAQ-100 (XNDX) Index

Top Ten Holdings  
Holdings NETR XNDX
Apple Inc 1.00% 13.03%
Google Inc 1.00% 8.34%
Microsoft Corp 1.00% 8.01%
Intel Corp 1.00% 3.58%
Amazon.com Inc 1.00% 3.47%
Facebook 1.00% 3.12%
QUALCOMM Inc 1.00% 3.11%
Gilead Sciences Inc 1.00% 2.96%
Cisco Systems Inc 1.00% 2.96%
Comcast Corp 1.00% 2.68%

 

Bottom Ten Holdings  
Holdings NETR XNDX
Verisk Analytics Inc-Class A 1.00% 0.23%
Maxim Integrated Products 1.00% 0.22%
Liberty Global Plc-A 1.00% 0.22%
C.H. Robinson Worldwide Inc 1.00% 0.22%
Expedia Inc 1.00% 0.21%
Catamaran Corp 1.00% 0.21%
Expeditors Intl Wash Inc 1.00% 0.20%
F5 Networks Inc 1.00% 0.20%
Tractor Supply Company 1.00% 0.19%
Staples Inc 1.00% 0.16%

Data as of 6/30/2014 and is subject to change.

Target Index

Target Index 

The NASDAQ 100 Equal Weighted Index 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 in an index.

Sector Weightings (%)

Below is a comparison of the sectors of the NASDAQ-100® Equal Weighted Index (NETR) to the NASDAQ-100® (NDX). All holdings and sector weightings are as of (06/30/2014).

Sector  XNDX NETR Difference
Information Technology 59.47% 42.00% 17.47%
Consumer Discretionary 19.18% 28.00% -8.82%
Health Care 13.72% 14.00% -0.28%
Consumer Staples 4.56% 6.00% -1.44%
Industrials 1.75% 6.00% -4.25%
Telecommunication Services 1.03% 3.00% -1.97%
Materials 0.28% 1.00% -0.72%

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Daily Holdings

Fund Symbol QQQE
Bloomberg Index Symbol NETR
CUSIP 25459Y207
ISIN US25459Y2072
Gross Expense Ratio 1.58%
Net Expense Ratio 0.35%*
Inception Date Mar 21, 2012

Pricing and Performance

Price Information
NAVs and market price information as of August 31, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 60.36 0.20 0.33 60.32 0.16 0.27 -0.04

Performance
NAVs and market price information as of August 31, 2014

All data as of 7/31/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares NAV -0.55 6.83 7.47 21.92 18.01 1.58 / 0.35
Market Close -0.43 6.93 7.60 21.85 18.08
All data as of 6/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares NAV 3.49 5.44 8.07 30.90 19.03 1.58 / 0.35
Market Close 3.64 5.39 8.07 30.44 19.04

* Rafferty has contractually agreed to waive all or a portion of its fees and/or reimburse the fund for expenses through September 1, 2015, to the extent that the funds net annual operating expenses exceed 0.35%.

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 or summary prospectus.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.08312
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.2349
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.1764
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.0292
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.09619
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.07965
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.33101
QQQE Direxion NASDAQ-100® Equal Weighted Index Shares 0.22653